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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: Azure arrogant striped hyena 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: cheese-eating giraffe 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 Background Story 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: Azure arrogant striped hyena 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: Ocher Chapel New Version 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: fear-inspiring comical tanning salon regret 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: house-broken menage pozpig 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: Odious salmon theatre 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: Azure arrogant striped hyena 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: soggy chad 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: crimson insane house (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: Rusted federal address (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: Frum Double Fault Principal's Office 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: house-broken menage pozpig 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: Azure arrogant striped hyena 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: house-broken menage pozpig 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: cordovan state personal credit line 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: Motley Sandwich Plaza (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: fantasy-prone floppy hospital legend 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: rebellious locale roommate (((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: Azure arrogant striped hyena (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: lascivious territorial mexican 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: Ocher Chapel New Version 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: Hairless turdskin 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: Frum Double Fault Principal's Office 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: Hairless turdskin 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: Odious salmon theatre 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: rambunctious stirring school cafeteria (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: Cowardly Sapphire Bawdyhouse Multi-billionaire 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: Tan Vivacious Hall Nowag 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: Thriller headpube sanctuary 30 year old boomers (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36633463) |