It feels like 2008…is the bubble about to burst on housing again?
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2023 Aug 14, 3:15pm 21,716 views 160 comments
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2023 Nov 16, 11:26am
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2023 Nov 16, 11:26am
AmericanKulak says
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3 bedroom, 2.5 bath townhomes renting for about $2200 a month in Panama City Beach, FL, see below link:
https://www.zillow.com/homedetails/1751-Annabellas-Dr-Panama-City-Beach-FL-32407/125963181_zpid/
average working class pay is around $16 an hour on the beach ... I noticed 3 different people renting these type of townhomes, so that no more than about 32% of monthly salary goes to rent and utilities (water/sewer, electric, and internet)
This townhome unit was sold about 15% below initial asking price (and average "peak sales price" for this style townhome), and could easily rent for $2700 per month :
https://www.zillow.com/homedetails/1786-Annabellas-Dr-Panama-City-Beach-FL-32407/195623083_zpid/
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3 bedroom, 2.5 bath townhomes renting for about $2200 a month in Panama City Beach, FL, see below link:
https://www.zillow.com/homedetails/1751-Annabellas-Dr-Panama-City-Beach-FL-32407/125963181_zpid/
average working class pay is around $16 an hour on the beach ... I noticed 3 different people renting these type of townhomes, so that no more than about 32% of monthly salary goes to rent and utilities (water/sewer, electric, and internet)
This townhome unit was sold about 15% below initial asking price (and average "peak sales price" for this style townhome), and could easily rent for $2700 per month :
https://www.zillow.com/homedetails/1786-Annabellas-Dr-Panama-City-Beach-FL-32407/195623083_zpid/
.
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1. Will the bubble burst?
2. When will the bubble burst?
3. Will we ever see 300k homes again in Mexifornia?
Sam