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Srs Q: Why is housing so goddamn expensive when working population is shrinking?
Poast new message in this thread
Date: February 27th, 2018 5:18 PM Author: Impressive Giraffe Wages are stagnating, there's a net outflow of work force members. (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35500689) |
Date: February 27th, 2018 5:19 PM Author: cobalt church democrats LOVE squelching development (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35500694) |
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Date: February 27th, 2018 5:19 PM Author: marvelous brass bawdyhouse It isn't expensive in 90% of the country. But everyone wants to be in a handful of cities so it is expensive there. (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35500697) |
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Date: February 27th, 2018 5:20 PM Author: cobalt church (Hillary voter) (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35500700) |
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Date: February 27th, 2018 8:09 PM Author: marvelous brass bawdyhouse Wants probably should be "are required to be to get a job" but that still stings. (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35501709) |
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Date: February 28th, 2018 12:56 AM Author: spruce menage unfortunately this isnt true. shit is out of hand in all kinds of places (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35503770) |
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Date: February 27th, 2018 8:09 PM Author: burgundy puppy chinese all cash buyers and tech bros (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35501715) |
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Date: February 27th, 2018 8:14 PM Author: histrionic filthy circlehead hell (((Odd case!))) (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35501745) |
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Date: February 27th, 2018 8:24 PM Author: Impressive Giraffe Seriously. All properties in this city are over $1 million. I remember back in the 90s being a millionaire was a big deal and comparable housing cost $300K (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35501859) |
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Date: February 27th, 2018 8:25 PM Author: maize gaped step-uncle's house filthpig hold on tho it's about to get good (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35501863) |
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Date: February 27th, 2018 8:26 PM Author: buck-toothed philosopher-king native The US let in 100 million immigrants and their spawn since 1967. That about explains it. God aint making anymore land on the coasts but you went and stuck 100 million more meat sacks on the land that's there. (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35501878) |
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Date: February 27th, 2018 8:34 PM Author: histrionic filthy circlehead hell "America" is just an open borders free trade zone. That's all it is. (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35501951) |
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Date: February 27th, 2018 11:39 PM Author: cobalt church you have to go back (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35503276) |
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Date: February 27th, 2018 11:47 PM Author: marvelous brass bawdyhouse Are Reptile, that means Ukraine. They can't wait to have you back! (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35503349) |
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Date: February 28th, 2018 12:28 AM Author: cobalt church that means Israel (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35503616) |
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Date: February 28th, 2018 12:31 AM Author: marvelous brass bawdyhouse It should mean Israel, but he has never lived there (like so many of his sort - a lot of talk, but no willingness to actually follow through). As a matter of principle, we have to return people to the country they came here from. In his case, that is Ukraine. I'll ask you to pass on his posting history... (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35503645) |
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Date: February 28th, 2018 2:23 AM Author: pale house-broken ladyboy abode https://en.m.wikipedia.org/wiki/Khazar_hypothesis_of_Ashkenazi_ancestry
They have to go back |
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Date: February 27th, 2018 8:30 PM Author: Violet Razzmatazz Resort Dog Poop Ghettos have grown and got worse, so tons of possible building sites or homes are totally off limits for the top half of the market.
More properties are rented, rather than resident owned. |
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Date: February 27th, 2018 8:35 PM Author: Ivory locus Many reasons. Need to mention rent control which FUCKS anyone looking for a place, and zoning / NIMBYism (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35501959) |
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Date: February 27th, 2018 11:41 PM Author: lemon comical temple Remaining jobs (especially high paying ones) are concentrating in a hand full of cities, and most of those cities make it illegal to build enough housing to meet the increased demand. (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35503291) |
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Date: February 27th, 2018 11:44 PM Author: adventurous demanding knife (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35503315) |
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Date: February 28th, 2018 12:30 AM Author: ruby frisky ticket booth stock car (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35503634) |
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Date: February 28th, 2018 12:32 AM Author: Impressive Giraffe we need to change those laws. we're all lawyers and grocers here. let's do this. (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35503656) |
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Date: February 28th, 2018 12:43 AM Author: cobalt church I heard a podcast from a huge RE Investor who said he only buys in liberal cities. the more blue it is the worse the housing crisis (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35503725) |
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Date: February 28th, 2018 1:58 AM Author: Charismatic Mauve Station Macaca If you're investing for cash flow, blue is probably better. (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35503992) |
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Date: February 28th, 2018 12:47 AM Author: trip national security agency i.e. because boomer libs (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35503740) |
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Date: February 28th, 2018 12:52 AM Author: spruce menage lol at this thread.
yeah cities are outrageous but i just spent the past hour looking at shit in rural places no one wants to live and the prices there are absolutely ridiculous as well.
the fuck is going on |
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Date: February 28th, 2018 1:01 AM Author: Sienna Bearded Dragon Tanning Salon CR. I was on Zillow and looked at places in Denver. ljl ok crazy...
Then I looked at Colorado Springs. And Pueblo. And Trinidad. And Cheyenne. And Casper.
Uh... what???? |
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Date: February 28th, 2018 1:08 AM Author: spruce menage yeah man i was looking an hour outside of fucking eugene oregon of all places. shit is out of control (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35503824) |
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Date: February 28th, 2018 12:53 AM Author: Cerebral drunken brunch potus (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35503757) |
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Date: February 28th, 2018 1:27 AM Author: vigorous forum traitors decided to make us the worlds lupanar
sure, high wages combined with suppressing development leads to pretty high prices, but lol @ wagecucks driving THIS market.
The world's a big place and every rich scumbag from every shithole cops some american real estate. when all-cash chinese criminals compete with all-cash saudi degenerates who are competing with all-cash clinton donors from the former USSR, prices are going to be VERY high for mere wagecucks in law/finance/med/tech/academia--ie, the people who consider themselves society's elite. well, there's a new elite now. and biglaw ain't your membership card. you better come to biglaw or bigmed with a trust fund or a magical startup if you think you're going to be part of the (((globalist aristocracy))) in our major cities.
still tho cornfed iowa frat stars just doing sales absolutely crushing the real estate scene in chicago.
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Date: February 28th, 2018 1:31 AM Author: Impressive Giraffe Lobby for a real estate sales tax for foreigners up to 25-50% (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35503885) |
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Date: February 28th, 2018 1:44 AM Author: Cerebral drunken brunch potus What do these rich scumbag foreigners do to make their money?
How come lots of them are able to make money?
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Date: February 28th, 2018 1:46 AM Author: cobalt church 90% are rent seekers who rob their own countries via scams with the govt and then turn around and dump these illicit gains into the US real estate market
Oh, what a beacon of freedom! |
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Date: February 28th, 2018 1:49 AM Author: Cerebral drunken brunch potus Sounds like Persians, Arabs, Armenians, Lebanese, and Jews+ (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35503932) |
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Date: February 28th, 2018 1:52 AM Author: cobalt church Chinese, Latins, former USSR, etc (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35503948) |
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Date: February 28th, 2018 1:53 AM Author: Cerebral drunken brunch potus Latinos dont do this shit (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35503959) |
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Date: February 28th, 2018 1:54 AM Author: cobalt church Lmaooooo
Miami is the capital of South America for a reason |
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Date: February 28th, 2018 1:56 AM Author: Cerebral drunken brunch potus Los Angeles is wealthier and more Latino than Miami (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35503977) |
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Date: February 28th, 2018 2:01 AM Author: cobalt church the type of Latinos who buy in Miami are exactly the ones who siphon money out of their countries. LA is maybe more Latino but it is not comprised of as many of these thieving global elites (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35504000) |
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Date: February 28th, 2018 2:02 AM Author: Cerebral drunken brunch potus Oh ok got it. Los Angeles is a much better overall city tho. (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35504004) |
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Date: February 28th, 2018 2:02 AM Author: trip national security agency (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35504008) |
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Date: February 28th, 2018 2:15 AM Author: umber nursing home death wish (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35504033) |
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Date: February 28th, 2018 1:30 AM Author: galvanic frum stag film alpha Most of the housing price is a housing premium that white people pay so they don't have to live near minorities.
My parents live in a 450k house they bought in the bay area for $75k, within biking distance to a BART station. |
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Date: February 28th, 2018 1:32 AM Author: Impressive Giraffe Neighborhood? (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35503890) |
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Date: February 28th, 2018 1:50 AM Author: galvanic frum stag film alpha Hayward (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35503937) |
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Date: February 28th, 2018 2:07 AM Author: Impressive Giraffe that's a solid hour out of the city. (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35504019) |
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Date: February 28th, 2018 1:53 AM Author: Cerebral drunken brunch potus How do you explain housing prices in maine, north dakota, vernmont, connecticut, colorado (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35503957) |
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Date: February 28th, 2018 1:55 AM Author: cobalt church Libs getting priced out of NYC, CA, etc (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35503973) |
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Date: February 28th, 2018 1:59 AM Author: Cerebral drunken brunch potus Why not just gentrify a ghetto (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35503993) |
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Date: February 28th, 2018 1:56 AM Author: galvanic frum stag film alpha No minorities in any of the areas, so no need to pay the "premium." You can live anywhere and never interact with minorities. (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35503975) |
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Date: February 28th, 2018 1:57 AM Author: Olive electric furnace new version (not from ct) (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35503987) |
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Date: February 28th, 2018 1:48 AM Author: Deranged red persian laser beams I’m in real estate and I’m confident the bubble will burst. Incomes are not going up and yet rents and prices are. The answer is that people are dedicating higher and higher portions of their income to housing.
The crash is coming and everyone in the industry has begun talking about it. We don’t know how it will look or when it will come, but it’s coming sooner rather than later. |
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Date: February 28th, 2018 1:49 AM Author: Olive electric furnace new version you sound like a damn stark talking about winter.
also rents have started trending down in SF and NYC which is encouraging. |
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Date: February 28th, 2018 1:52 AM Author: Deranged red persian laser beams Honestly it would be great to have a dip now and let the air out of the bubble. 2008 I believe was a once in a lifetime experience and the lending standards are nowhere near those levels.
Anyway better we take a short dip now than a cataclysmic crash in a few years. Prices are high now, but not insane high. |
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Date: February 28th, 2018 1:55 AM Author: Cerebral drunken brunch potus Why dont u want a dramatic crash? As a renter, i want a crash to happen now. My money is locked up in stocks (which i can sell fast), crypto, and cash savings. (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35503971) |
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Date: February 28th, 2018 1:58 AM Author: know-it-all fragrant box office therapy bro if your total portfolio is less than $50k there isnt any crash thats going to help u (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35503990) |
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Date: February 28th, 2018 2:00 AM Author: Deranged red persian laser beams 2008 was a dramatic crash. It sucked balls. There were two years where lenders would not lend on anything and no deals got done so there was nothing to even capitalize on for quite a bit. A crash like 2008 would mean I would have to basically take a 2 year hiatus while the dust settles. Would rather have a recession where at least money is still flowing. (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35503995) |
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Date: February 28th, 2018 2:01 AM Author: Cerebral drunken brunch potus How would a 2008 crash part2 affect u? Would u lose ur job? Would u lose the opportunity to sell ur home at a high price? Are u afraid ur stocks will plummet? (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35504003) |
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Date: February 28th, 2018 2:05 AM Author: Deranged red persian laser beams I’m self employed. I’m in a better position than most but it would be a big stoppage to the active income side of what I do. (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35504017) |
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Date: February 28th, 2018 2:12 AM Author: Cerebral drunken brunch potus 180 brother. I am trying to get a government job before the impending crash. Is this a good strategy? (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35504026) |
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Date: February 28th, 2018 2:18 AM Author: Deranged red persian laser beams Best strategy is strong cash reserves for a buying spree. Some governments cut heavy in a downturn. It’s just best to be in some essentiall service or counter cyclical area. (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35504037) |
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Date: February 28th, 2018 2:20 AM Author: Cerebral drunken brunch potus Got it (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35504040) |
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Date: February 28th, 2018 1:50 AM Author: Impressive Giraffe i think it all comes down to credit. still, in many major markets, seems like foreigners are doing all cash deals. (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35503935) |
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Date: February 28th, 2018 1:54 AM Author: Deranged red persian laser beams Foreigner all cash deals are not a significant portion except in the super high end. I’m not saying it’s not an issue, but foreigners aren’t really increasing the housing prices alone. They are at best a ten percent factor. (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35503962) |
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Date: February 28th, 2018 1:55 AM Author: cobalt church what about the Chinese getting into tertiary markets like Memphis and shit? (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35503968) |
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Date: February 28th, 2018 1:57 AM Author: Cerebral drunken brunch potus Then who the hell is responsible for the insane house prices (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35503984) |
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Date: February 28th, 2018 2:04 AM Author: Deranged red persian laser beams The fed. Low interest rates allow folks to maximize debt and require little cash. There is also a cultural shift in a bull run whereby people are willing to put a higher and higher share of their money into housing because they feel this is their last chance to ever be able to afford a home when things go up further. It’s a natural phenomena like 2004-2007. Rest assured that at some point the music will stop.
Real estate has cycles. In 2006 I had multiple conversations with people who genuinely believed prices would go up forever and it was a great time to get in. At its core, it’s human nature. |
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Date: February 28th, 2018 2:16 AM Author: Impressive Giraffe how big of a drawdown we talking here? -20% wouldn't do much in NYC/DC/LA/SF. (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35504035) |
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Date: February 28th, 2018 2:20 AM Author: Deranged red persian laser beams Housing stock is so short that I cant see anything past 25 percent. (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35504041) |
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Date: February 28th, 2018 2:23 AM Author: know-it-all fragrant box office therapy its not really that bold of a prediction to say that a market will have a downturn, but if you look at NY/LA/SF in '08 they didn't really suffer like LV/Miami/Sunbelt (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35504049) |
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Date: February 28th, 2018 1:50 AM Author: know-it-all fragrant box office therapy any basis besides a bunch of jews talking? (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35503943) |
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Date: February 28th, 2018 1:56 AM Author: Deranged red persian laser beams I have a ton of contacts and they are all sellers. Only the dumb money is buying right now. Everyone is nervous. This has been one of the longest bull runs ever.
Also, I am excited at the upcoming crash. There’s going to be a ton of money to be made and I’ll also buy a personal residence. |
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Date: February 28th, 2018 2:03 AM Author: Cerebral drunken brunch potus When do you project the crash to happen? Will cryptocurrecy be affected? Will people lose their jobs? (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35504010) |
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Date: February 28th, 2018 2:09 AM Author: Deranged red persian laser beams Crypto is its own game with a shitload of microeconomic factors divorced from the general economy, so I have no idea.
People will def lose jobs. Concensus for recession among contact is sometime in 2019 it perhaps pushing to 2020. The later it comes, the more cooked the market will be and the worse the crash. |
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Date: February 28th, 2018 2:30 AM Author: Cerebral drunken brunch potus 180 ty (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35504078) |
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Date: February 28th, 2018 1:56 AM Author: Metal site ratface Other countries put up barriers to protect against foreigners buying all the real estate and inflating prices. Unfortunately, lol at our real estate tycoon president ever advocating for that (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35503976) |
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Date: February 28th, 2018 2:01 AM Author: know-it-all fragrant box office therapy bc obama did so much on this, faggot (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35503999) |
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Date: February 28th, 2018 2:02 AM Author: cobalt church Justice and Treasury were pressured by a NYT article to try and at least half heartedly find out where the global money was coming from but no serious effort has been made (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35504009) |
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Date: February 28th, 2018 2:07 AM Author: trip national security agency it would be relatively easy to do require proof of residence or citizenship for real estate purchases, including for the owners of real estate llcs, and disallow any beneficial interests accruing to non-residents non-citizens |
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Date: February 28th, 2018 2:14 AM Author: Deranged red persian laser beams People in power own homes and are happy to run up prices. High housing prices are the only things keeping boomers from becoming destitute through the reverse mortgage spigot.
Young people not being able to afford homes is not something people care about, they like seeing their own values go up. |
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Date: February 28th, 2018 2:16 AM Author: trip national security agency correct, that’s a reason it is not done but it would be easy to do if there was the will to restrict purchases by non US persons |
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Date: February 28th, 2018 2:22 AM Author: Deranged red persian laser beams There is no way policy will ever favor 30 something’s over retired boomers.
Also I’m not even sure this will help. Boomers have no cash resources besides their homes and if prices dip we may just have to pay them higher welfare so they don’t eat cat food. |
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Date: February 28th, 2018 2:29 AM Author: know-it-all fragrant box office therapy then explain why fucking british columbia is even doing somethign about it (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35504072) |
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Date: February 28th, 2018 2:33 AM Author: Olive electric furnace new version situation in Vancouver is way worse than MFH, SF.
there aren't high paying jobs in Vancouver like MFH, SF.
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Date: February 28th, 2018 2:37 AM Author: Metal site ratface *bangs fist on table*
-I'm going to ask you again, WHERE DID THE MONEY COME FROM?
-Ni hao ma.
*wipes hand across brow*
-I guess we'll never know. |
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Date: February 28th, 2018 2:21 AM Author: Impressive Giraffe This is my biggest knock on Obama. Libtardism and identity politics aside, Obama just let the cabal paper over everything and continue robbing the country. (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35504044) |
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Date: February 28th, 2018 2:30 AM Author: know-it-all fragrant box office therapy i think he meant well but he was a weak spineless faggot and no match for the jew deepstate (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35504081) |
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Date: February 28th, 2018 2:35 AM Author: Metal site ratface to be clear, i dont expect the dems to do anything either. trump is the one guy on either side who seems willing to consider protectionist policies, im just saying this is one arena i think we're shit out of luck on (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35504101) |
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Date: February 28th, 2018 4:53 PM Author: Splenetic passionate mental disorder depressive boomers, spoiled girls/rsf, and chinks in big cities. Also housing has become more and more of a status symbol instead of just a place to hang your hat, causing ppl to overextend themselves. (http://www.autoadmit.com/thread.php?thread_id=3905715&forum_id=2#35508343) |