The most prestigious law school admissions discussion board in the world.
|
 |
 
|
someone explain how so many people are buying $3-4 million houses
Poast new message in this thread
Date: August 15th, 2018 2:45 PM Author: Judgmental mediation i dont understand this, there aren't that many people who can afford this even with family help
but these new construction houses keep being build and sold left and right |
Date: August 15th, 2018 2:46 PM Author: big brunch lots of people can afford that. most people are rich, bro (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36621597) |
|
Date: August 15th, 2018 2:49 PM Author: Bull headed reading party plaza Around 20-25% of them are in fact all cash buyers.
I'd guess another large portion have gigantic mortgages, most likely ARMs, and qualify based on lawyer/doctor type dual incomes. |
 |
Date: August 15th, 2018 2:50 PM Author: Judgmental mediation jfc (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36621624) |
|
Date: August 15th, 2018 2:50 PM Author: charismatic school laser beams are you not familiar with ACCB (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36621617) |
|
Date: August 15th, 2018 2:51 PM Author: elite potus interest-only loans (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36621628) |
|
Date: August 15th, 2018 6:07 PM Author: emerald sick casino Smart (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36622791) |
|
Date: August 15th, 2018 2:52 PM Author: Transparent contagious tank double fault I used to drive around west Los Angeles and marvel at the sheer number of people who have the money to purchase a 2m+ home. (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36621632) |
|
Date: August 15th, 2018 2:53 PM Author: Judgmental mediation it doesnt make any sense (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36621644) |
|
Date: August 15th, 2018 2:52 PM Author: Excitant French Chef Resort http://ontheworldmap.com/china/china-location-on-the-asia-map.jpg (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36621640) |
|
Date: August 15th, 2018 6:06 PM Author: slap-happy public bath karate (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36622783) |
|
Date: August 16th, 2018 12:46 AM Author: coiffed useless brakes hell (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36624976) |
|
Date: August 15th, 2018 6:05 PM Author: vibrant dilemma They're all going to be sold for much cheaper in the next recession. (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36622780) |
|
Date: August 15th, 2018 6:06 PM Author: emerald sick casino You bought a house a while ago, you sold it for $1 million. You roll that into the new house and your HHI is $500k. (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36622787) |
|
Date: August 15th, 2018 6:16 PM Author: Judgmental mediation congrats! your property taxes alone are now $50k. (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36622832) |
|
Date: August 15th, 2018 6:16 PM Author: emerald sick casino Spreadsheet says you can afford it! Here are the keys! (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36622836) |
|
Date: August 15th, 2018 6:07 PM Author: Confused nursing home they're all egeneral contractors who made their money building houses for other millionaires. once somebody realizes what's up the whole thing is gonna topple (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36622790) |
|
Date: August 16th, 2018 12:51 AM Author: Motley Keepsake Machete (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36624996) |
|
Date: August 15th, 2018 6:08 PM Author: Stimulating metal den gaming laptop can confirm at least a thousand of these homes near me and all are bought and sold like flapjacks by boomers from new jersey and arizona. (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36622794) |
|
Date: August 15th, 2018 6:16 PM Author: nubile trip set mad cow disease (((leveraged))) to the hilt (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36622834) |
|
Date: August 16th, 2018 12:41 AM Author: Judgmental mediation (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36624943) |
|
Date: August 16th, 2018 12:50 AM Author: galvanic sneaky criminal there are tens of thousands of big law attorneys, tens of thousands of doctors, tens of thousands of tech sector bros, tens of thousands of rich kids with rich parents, tens of thousands of people with 1m+ equity in their current homes that need to move.
the population is increasing and that includes the rich.
also, the economy is doing well so people have more money on paper right now. in theory the relative price of a million dollar house is much cheaper given inflation, stock growth, etc. |
|
Date: August 16th, 2018 8:05 AM Author: charismatic school laser beams Salarycucks cant really afford 3m dollar homes. (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36625622) |
|
Date: August 16th, 2018 8:44 AM Author: French insecure marketing idea In general you’re right but it depends what you mean by “afford” (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36625667) |
|
Date: August 17th, 2018 1:44 PM Author: vibrant dilemma Retarded to take significant debt to pay for a house like that.
a) no one needs a 7 figure house anywhere, let alone a 7 figure house several times over.
b) anyone with a brain realizes the economy is doing well but it won't last forever. People who are stretching themselves to get these houses will be losing them in the next downturn. |
|
Date: August 16th, 2018 8:43 AM Author: French insecure marketing idea My friend lives near Fort Lauderdale which is fine but not super fancy and you can drive around and pass canal after canal filled with 1 million+ dollar boats. And this is just what these people are spending on BOATS. Always try to figure out what all these people do for a living (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36625665) |
|
Date: August 16th, 2018 10:35 AM Author: Transparent contagious tank double fault Boat salesmen? (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36626020) |
|
Date: August 16th, 2018 8:46 AM Author: yapping primrose trailer park (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36625669) |
|
Date: August 17th, 2018 1:49 PM Author: thriller sex offender water buffalo santa monica is now basically all .01%-rich or elite foreigners. it's absurd. like $6m for a 2000 sq ft place that isn't total shit. (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36633438) |
|
Date: August 17th, 2018 1:51 PM Author: Cracking voyeur All cash Chinese buyers (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36633453) |
|
Date: August 17th, 2018 1:53 PM Author: tan idea he suggested 30 year old boomers (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36633463) |