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Strategist
@
2015 Dec 6, 4:00pm
Tell me where? I got some idle cash I would love to invest.
OC. 20% down. Simple.
Except, I don't live in OC..
Got any other good ideas?
You don't have to live in OC to invest in OC. I'll help you find the right tenants, and you can visit us whenever you want and get a tax write off. See, you are already ahead of the game.
Hey, you can always invest in builder stocks. ITB is outperforming the S&P by almost 20% this year.
indigenous
@
2015 Dec 6, 4:09pm
demographics are starting to get better for housing but still need a few more years
And where are the jobs?
indigenous
@
2015 Dec 6, 4:11pm
It seems to me that home prices going up are the real estate version of stock buy backs. IOW the price can't go up.
Strategist
@
2015 Dec 6, 4:12pm
demographics are starting to get better for housing but still need a few more years
And where are the jobs?
You are only unemployed, because you want to be unemployed. UBER.
indigenous
@
2015 Dec 6, 4:13pm
You are only unemployed, because you want to be unemployed. UBER.
Uber jobs don't buy houses.
_
@
2015 Dec 6, 4:14pm
demographics are starting to get better for housing but still need a few more years
And where are the jobs?
We are pushing near 6 million homes sold this year
The problem I have with the job thesis is that, sometimes people categorize full time renters with their jobs as a potentinal home buyers
These Americans are simply going to rent for the rest of their lives because they're
The least educated
The least skilled
The least value to a business
However, millions and millions of renters now working who will be the future home buyers. They tend to have the
Most educated
Most skilled
More value of their service to a business to where they can get paid enough to own the debt of housing
One of the reasons why we don't have more home buyers is that millions of Americans work in renter paid jobs and their isn't any real upward mobility for them. So, you almost just have to count them out of the equation
indigenous
@
2015 Dec 6, 4:22pm
From what I read about robotics, that job thing is not guaranteed no matter the level of education. Half the code writers here on Pat.net could be looking for work
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http://loganmohtashami.com/2015/12/06/new-home-sales-2015-report-card/
#Housing
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