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someone explain how so many people are buying $3-4 million houses
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Date: August 15th, 2018 2:45 PM Author: Soggy Marvelous Blood Rage Psychic 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: Spruce sanctuary double fault lots of people can afford that. most people are rich, bro (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36621597) |
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Date: August 15th, 2018 2:49 PM Author: Odious meetinghouse 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. |
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Date: August 15th, 2018 2:50 PM Author: Soggy Marvelous Blood Rage Psychic jfc (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36621624) |
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Date: August 15th, 2018 2:50 PM Author: Chestnut duck-like filthpig are you not familiar with ACCB (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36621617) |
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Date: August 15th, 2018 2:51 PM Author: provocative parlour interest-only loans (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36621628) |
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Date: August 15th, 2018 6:07 PM Author: Smoky jet-lagged university Smart (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36622791) |
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Date: August 15th, 2018 2:52 PM Author: Soul-stirring hyperactive rehab 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) |
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Date: August 15th, 2018 2:53 PM Author: Soggy Marvelous Blood Rage Psychic it doesnt make any sense (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36621644) |
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Date: August 15th, 2018 2:52 PM Author: pungent prole casino http://ontheworldmap.com/china/china-location-on-the-asia-map.jpg (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36621640) |
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Date: August 15th, 2018 6:06 PM Author: lascivious degenerate (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36622783) |
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Date: August 16th, 2018 12:46 AM Author: Floppy sienna organic girlfriend (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36624976) |
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Date: August 15th, 2018 6:05 PM Author: hilarious electric address regret 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) |
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Date: August 15th, 2018 6:06 PM Author: Smoky jet-lagged university 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) |
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Date: August 15th, 2018 6:16 PM Author: Soggy Marvelous Blood Rage Psychic congrats! your property taxes alone are now $50k. (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36622832) |
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Date: August 15th, 2018 6:16 PM Author: Smoky jet-lagged university Spreadsheet says you can afford it! Here are the keys! (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36622836) |
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Date: August 15th, 2018 6:07 PM Author: frum beta locale 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) |
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Date: August 16th, 2018 12:51 AM Author: Bronze Fantasy-prone Clown (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36624996) |
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Date: August 15th, 2018 6:08 PM Author: well-lubricated coiffed theater goal in life 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) |
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Date: August 15th, 2018 6:16 PM Author: concupiscible church building (((leveraged))) to the hilt (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36622834) |
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Date: August 16th, 2018 12:41 AM Author: Soggy Marvelous Blood Rage Psychic (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36624943) |
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Date: August 16th, 2018 12:50 AM Author: sooty tantric stead 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. |
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Date: August 16th, 2018 8:05 AM Author: Chestnut duck-like filthpig Salarycucks cant really afford 3m dollar homes. (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36625622) |
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Date: August 16th, 2018 8:44 AM Author: Green garrison 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) |
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Date: August 17th, 2018 1:44 PM Author: hilarious electric address regret 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. |
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Date: August 16th, 2018 8:43 AM Author: Green garrison 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) |
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Date: August 16th, 2018 10:35 AM Author: Soul-stirring hyperactive rehab Boat salesmen? (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36626020) |
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Date: August 16th, 2018 8:46 AM Author: Excitant awkward trump supporter brunch (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36625669) |
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Date: August 17th, 2018 1:49 PM Author: Thriller plum range half-breed 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) |
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Date: August 17th, 2018 1:51 PM Author: irate fighting kitty cat All cash Chinese buyers (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36633453) |
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Date: August 17th, 2018 1:53 PM Author: Arrogant Vermilion Locus 30 year old boomers (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36633463) |