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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: thriller stubborn plaza wrinkle 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: Flatulent bronze roast beef kitchen 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: Cobalt trip milk 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: thriller stubborn plaza wrinkle 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: Olive native 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: lavender marvelous degenerate 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: greedy aromatic cuck 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: puce bull headed house 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: thriller stubborn plaza wrinkle 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: Maize comical coffee pot 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: Spectacular Brilliant Knife Pervert (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: stirring liquid oxygen (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: godawful abode 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: greedy aromatic cuck 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: thriller stubborn plaza wrinkle 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: greedy aromatic cuck 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: Charismatic jade school foreskin 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: Talented alpha gaping (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: Contagious fortuitous meteor whorehouse 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: Electric point (((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: thriller stubborn plaza wrinkle (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: hateful heaven corn cake 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: Olive native 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: Swashbuckling market 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: godawful abode 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: Swashbuckling market 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: puce bull headed house 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: burgundy tank halford (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: rebellious exciting center antidepressant drug 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: Jet pistol set 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: concupiscible fishy property 30 year old boomers (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36633463) |