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Total value of U.S. homes is $31.8 trillion – Los Angeles homes now valued at $2.7 trillion, the size of the U.K. economy.

By Feux Follets following x   2018 Mar 27, 2:29am 307 views   5 comments   watch   sfw   quote     share    


Housing values in the U.S. have reached a new peak. In total, U.S. homes are valued around $31.8 trillion according to Zillow. That is 1.5 times the GDP of the U.S. and close to three times the GDP of China.

Crap shacks in Los Angeles are now worth $2.7 trillion, which is more than the United Kingdom’s GDP.

What is very telling is that real estate values across the country in virtually every large metro area are near peak values. In places like San Francisco, they are in a new stratosphere.

The allure of real estate is now fully engulfing the nation and flipping rates are at decade highs. People want to get a piece of the action.

You also have many ex-pats now taking their money abroad and retiring in more affordable countries where they can stretch those Taco Tuesday dollars while money from China is flowing the other way and boosting prices in some areas dramatically.

More: http://www.doctorhousingbubble.com/total-value-of-us-real-estate-housing/#more-9202

#Housing #Economics

1   APOCALYPSEFUCKisShostikovitch   ignore (28)   2018 Mar 27, 8:21am   ↑ like (2)   ↓ dislike (0)   quote        

There is no reason one house in LA should not be worth 10x the GDP of the UK.
2   P N Dr Lo R   ignore (0)   2018 Mar 27, 8:24am   ↑ like (0)   ↓ dislike (0)   quote        

Feux Follets says
Taco Tuesday
Yep, going to Rosa's today.
3   Strategist   ignore (1)   2018 Mar 27, 8:27am   ↑ like (0)   ↓ dislike (0)   quote        

Feux Follets says
Housing values in the U.S. have reached a new peak. In total, U.S. homes are valued around $31.8 trillion according to Zillow. That is 1.5 times the GDP of the U.S. and close to three times the GDP of China.

Crap shacks in Los Angeles are now worth $2.7 trillion, which is more than the United Kingdom’s GDP.


Nothing can stop the further rise of home prices. Nothing.
4   HEYYOU   ignore (9)   2018 Mar 27, 10:32am   ↑ like (0)   ↓ dislike (0)   quote        

Home values are slightly overpriced by..... 90%.
Overpaying is a basic American Freedom.
A Sucker born every minute & their Suckerism improves as they age.
5   Sniper   ignore (11)   2018 Mar 27, 11:06am   ↑ like (0)   ↓ dislike (0)   quote        

Strategist says
Nothing can stop the further rise of home prices. Nothing.


That's exactly what the home owners said in 2006.




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