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how can property values rise yet wages have remained stagnant
Poast new message in this thread
Date: June 14th, 2017 3:29 PM Author: motley turdskin quadroon who the fuck is buying' (http://www.autoadmit.com/thread.php?thread_id=3647304&forum_id=2#33555974) |
Date: June 14th, 2017 3:29 PM Author: buck-toothed giraffe gas station JFC you are so not smart enough to poast here. (http://www.autoadmit.com/thread.php?thread_id=3647304&forum_id=2#33555978) |
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Date: June 14th, 2017 3:29 PM Author: passionate affirmative action chinese all cash (http://www.autoadmit.com/thread.php?thread_id=3647304&forum_id=2#33555980) |
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Date: June 14th, 2017 3:29 PM Author: Cobalt Ticket Booth are you seriously this dumb? (http://www.autoadmit.com/thread.php?thread_id=3647304&forum_id=2#33555981) |
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Date: June 14th, 2017 3:30 PM Author: Green boiling water Yes, yes he is (http://www.autoadmit.com/thread.php?thread_id=3647304&forum_id=2#33555987) |
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Date: June 14th, 2017 3:43 PM Author: Razzle Idea He Suggested Station (http://www.autoadmit.com/thread.php?thread_id=3647304&forum_id=2#33556069) |
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Date: June 14th, 2017 3:57 PM Author: Talented Double Fault lol is this pepito (http://www.autoadmit.com/thread.php?thread_id=3647304&forum_id=2#33556212) |
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Date: June 14th, 2017 3:32 PM Author: motley turdskin quadroon well i think it's because there are very few houses on the market, but lots of demand, which create rising house values. And also, international buyers… but i want to know what others think (http://www.autoadmit.com/thread.php?thread_id=3647304&forum_id=2#33556000) |
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Date: June 14th, 2017 3:36 PM Author: buck-toothed giraffe gas station Many reasons and varies by neighborhood, city, region, state, etc.
You're in OC. Reason's include:
-Mass immigration from out of the country -Internal US immigration into SoCal -High Birthrates among the Mexican Invaders -Southland is basically completly out of space to develop -Chinese all cash buyers -Hedge Funds et al buying up housing inventory back in 2008 - 2012. -Economy doing well in CA -Pent up demand -Federal tax deductions -social expectations -BVoomers paying $8 due to Prop 13(?) in property taxes and so not moving out of houses -etc etc etc etc |
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Date: June 14th, 2017 3:32 PM Author: Curious greedy round eye i ask myself this all the time. property values in my area are up 300% from the crash of 2008. i think people have a lot of family help and are taking 7 year IO loans and paying 40% of their income toward the mortgage. i honestly don't know how most of these people afford it. people are going to be FUCKED in the next crash. (http://www.autoadmit.com/thread.php?thread_id=3647304&forum_id=2#33555998) |
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Date: June 14th, 2017 3:32 PM Author: motley turdskin quadroon oh god i do hope so. this time i will be prepared with $$$ so that i can buy a foreclosed home :) (http://www.autoadmit.com/thread.php?thread_id=3647304&forum_id=2#33556004) |
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Date: June 14th, 2017 3:41 PM Author: coiffed dog poop Strong poast to moniker synergy (http://www.autoadmit.com/thread.php?thread_id=3647304&forum_id=2#33556050) |
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Date: June 14th, 2017 3:32 PM Author: Ruby bossy juggernaut Possibilities:
- foreign buyers
- diversion from savings
- reduction in consumption elsewhere
- multiple incomes contributing to single household
- gifts
- and so on |
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Date: June 14th, 2017 3:33 PM Author: Haunting heady sound barrier voodoo economics (http://www.autoadmit.com/thread.php?thread_id=3647304&forum_id=2#33556009) |
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Date: June 14th, 2017 3:39 PM Author: coiffed dog poop It's bs, I'm making ~$200K a year and still living in a $1,000 1BR apartment because I got locked into ridiculously low rent and the property manager hasn't raised rent since I moved in 4 years ago. It's an ok apartment close to the beach and anything comparable in the area is $1300-$1600, so if I want a real upgrade I'll need to pay at least $2200 (including utilities) in rent so I'm sort of stuck. Want to wait for the next crash or at least a significant adjustment before I consider buying a place. (http://www.autoadmit.com/thread.php?thread_id=3647304&forum_id=2#33556046) |
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Date: June 14th, 2017 3:42 PM Author: judgmental diverse toaster Foreign money and a higher rental rate (and corresponding decline in home ownership rate). Real estate prices are less a reflection of what is affordable for purchase by those living in that area and more like stock or bond prices (what the rich and institutions are willing to pay for potential return). (http://www.autoadmit.com/thread.php?thread_id=3647304&forum_id=2#33556059) |
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Date: June 14th, 2017 3:42 PM Author: Mischievous startled yarmulke How soon until the next crash? My wife and I are moving to SoCal and the prices are ridiculous. Feel like we would be buying at the peak now. (http://www.autoadmit.com/thread.php?thread_id=3647304&forum_id=2#33556062) |
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Date: June 14th, 2017 3:45 PM Author: motley turdskin quadroon 2019-2020 is the expected crash
Why would u buy now? It's a seller's market bro. You'll get taken to the cleaners. |
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Date: June 14th, 2017 3:54 PM Author: Mischievous startled yarmulke Wife is pushing for it because she is afraid that we will be double fucked with higher interest rates and prices. I am saying we need to stack cash and wait for the crash. People in SoCal are spending 47 percent of their take home on their mortgages or rent. They are gonna be fucked and there should be some deals in a couple years like you said. (http://www.autoadmit.com/thread.php?thread_id=3647304&forum_id=2#33556180) |
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Date: June 14th, 2017 3:57 PM Author: coiffed dog poop Pls show your work (http://www.autoadmit.com/thread.php?thread_id=3647304&forum_id=2#33556209) |
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Date: June 14th, 2017 4:03 PM Author: Mischievous startled yarmulke I am a little off, but it is close.
http://www.ocregister.com/2017/02/16/is-your-house-payment-gobbling-up-43-of-your-income-compare-orange-county-with-other-us-cities/ |
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Date: June 14th, 2017 4:04 PM Author: Mischievous startled yarmulke http://www.bizjournals.com/sanfrancisco/blog/real-estate/2015/11/sf-residents-income-rent-affordable-housing-zillow.html
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