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Come on, don't you know, every one in California loves paying 50% of their take-home income on housing payments.
After all, it's for the children.
P - direct savings with ROI
I - tax deductible
T - tax deductible
I - constant
people LOVE owning homes in california, and those that can't afford to are in full blown lamentation.
those that can't afford to are in full blown lamentation.
California is still good for those who can afford itlandtof says
advice to anyone still holding out in california for lower house prices: MOVE OUT or GET CREATIVE.
Atlanta suburbs have good bang for buck but inside perimeter starting to get expensive
RealEstateIsBetterThanStocks
@
2017 Feb 13, 10:02pm
i believe many of the coastal cities are pumped up by foreign investments: Los Angeles, San Diego, Portland, Seattle, etc.
http://www.economist.com/blogs/graphicdetail/2016/08/daily-chart-20
when the Japan bubble went bust in the the 90s, so did the housing bubble in the US. the question is when will China go bust? or will it? China is not the same as Japan. Zionist bankers can't penetrate it so there won't be a huge bubble like Japan.
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https://www.nytimes.com/2017/02/10/upshot/popping-the-housing-bubbles-in-the-american-mind.html?ref=economy
Cheaper home prices could add as much as $1.5 trillion a year to US economy.
This may disregard some side effects (on consumption and banking), but this highlights how authorities painted themselves in a corner with housing.
The current trends lead nowhere.