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Since this thread started, the Case/Shiller index has gone from about 300.57 to 323.98. This is an increase of about 7.6%. If someone were to have tried to save up money for a purchase, well good luck with that. During inflationary periods, real assets generally don't decrease in value. Wage inflation over the last 12 months, as of June, was 4.1%.
nationally sustained price decreases are rare except for the housing bubble.
Misc says
nationally sustained price decreases are rare except for the housing bubble.
That's what was said way back in... 2008.
"There's never been a national housing decline. All markets are local."
Also, housing inflation is higher than what just the pricing implies. With the increase in immigrants (who tend towards a higher occupancy rate per dwelling) and young adults left living with their parents because of the higher rents caused by the immigrants, living standards have decreased because there are simply more people living in the same, now older dwellings.
Also, housing inflation is higher than what just the pricing implies. With the increase in immigrants (who tend towards a higher occupancy rate per dwelling) and young adults left living with their parents because of the higher rents caused by the immigrants, living standards have decreased because there are simply more people living in the same, now older dwellings.
Go to Democrat shitholes like Long Island, New York and its very common for at least 2 families in one house.
They usually convert upstairs or their basement to an apartment. Notice how high property tax is on Long Island, New York, let alone the income tax and sale tax are high.
The kind of house Al Bundy could have brought on a one-income shoe salesman's salary in 1988.
Kinda like how you see actual ads in the newspapers for tech jobs that the tech firms only put in there to comply with H1B visa bullshit compliance.
I suspect they are listing it this way to meet the lender's demands for some sort of short selling attempt. Only thing that makes sense.
The Red Hot Chile Peppers are boomers.
The Red Hot Chile Peppers are boomers.
AmericanKulak says
he's got a hot 20 year old girlfriend
Your definition of "hot" and mine differ.
HeadSet says
AmericanKulak says
he's got a hot 20 year old girlfriend
Your definition of "hot" and mine differ.
Same. Not digging her at all. He also looks like a fag and always has. RHCP has also been massively overrated and I grew up in that era. Never bought an album. Most their stuff sounds overly produced and not original, as in not written by the band.
AmericanKulak says
he's got a hot 20 year old girlfriend
Your definition of "hot" and mine differ.
Y'all would be thrilled to bang this decent looking chick at 62
I know what I got!!!
https://www.axios.com/2024/08/12/new-existing-home-price-difference
New houses now cost less per square foot than old houses
I know what I got!!!
https://www.axios.com/2024/08/12/new-existing-home-price-difference
New houses now cost less per square foot than old houses
pedo
https://www.siliconvalley.com/2024/03/14/mountain-view-real-estate-office-build-loan-economy-tech-buy-develop/amp/
Bay Area RE still having lots of vacancy. Heard, some are sold out for 1/4th of purchase price around in MV area! Never thought about these numbers before!
Seller has cut price $472k on this listing. 40% reduction from original list.
Down to a price below what they bought it for in 2020, before the pandemic spike in prices.
Worst of all: check out the HOA fee.
$2,300/month. Ouch.
a lot of families are skipping the 1 week vacation at Disney World and embracing the beach ecotourism experience
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https://finance.yahoo.com/news/pimco-kiesel-called-housing-top-160339396.html?source=patrick.net
Bond manager Mark Kiesel sold his California home in 2006, when he presciently predicted the housing bubble would pop. He bought again in 2012, after U.S. prices fell more than 30% and found a floor.
Now, after a record surge in prices, Kiesel says the time to sell is once again at hand.