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CA median home value hits 813k up 34% y-o-y

2

Comments

  • ntxduck
    ntxduck Member Posts: 6,253
    RoadDawg55 said:

    I read the house in Training Day is in the market for 1.1 million. The house is shitty and by Dodger Stadium. That isn’t a very nice or desirable area to most people.

    The house where they kill Scott Glenn and steal his stash?
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  • BearsWiin
    BearsWiin Member Posts: 5,076
    haie said:

    BearsWiin said:

    But I was told that everybody is leaving

    Beautiful weather is intoxicating. People will take years off of their lives via stressful careers for such a thing.

    I've been here in Maui and the infrastructure is a joke. Parts of it looks like central Oregon fucking wasteland stuff even. But the 🌈 and beaches and warm weather appears to overcome all of that for people.

    I'm not judging, people should do what tf they want to.
    I had lunch in Wailuku last month, pretty gritty in places

    I love Maui but I'd go stir crazy if I lived there
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  • ntxduck
    ntxduck Member Posts: 6,253
    haie said:

    BearsWiin said:

    But I was told that everybody is leaving

    Beautiful weather is intoxicating. People will take years off of their lives via stressful careers for such a thing.

    I've been here in Maui and the infrastructure is a joke. Parts of it looks like central Oregon fucking wasteland stuff even. But the 🌈 and beaches and warm weather appears to overcome all of that for people.

    I'm not judging, people should do what tf they want to.
    I thought it was pretty well known that outside of the main tourist spots Hawaii was borderline 3rd world
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  • godawgst
    godawgst Member, Swaye's Wigwam Posts: 2,610 Swaye's Wigwam
    In Thurston county, have a family member who is a very successful real estate agent. He is telling of properties where not only you have to be 50k over on a 450 ask, but then have escalators for another 60-75k if you want to get the property. Average time on the market last several months has been 4 days for properties to sell.

    His belief is this is one year away from crashing ala 2008. Last straw will be 14 million people currently in places that have not paid mortgage/rent b/c of the Virus that will be moving on to somewhere.
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  • 1to392831weretaken
    1to392831weretaken Member Posts: 7,696
    godawgst said:

    In Thurston county, have a family member who is a very successful real estate agent. He is telling of properties where not only you have to be 50k over on a 450 ask, but then have escalators for another 60-75k if you want to get the property. Average time on the market last several months has been 4 days for properties to sell.

    His belief is this is one year away from crashing ala 2008. Last straw will be 14 million people currently in places that have not paid mortgage/rent b/c of the Virus that will be moving on to somewhere.

    That's really the only thing that can kill it. I've been waiting for the foreclosure moratorium (IOW "the other shoe") to drop. On the other hand, I'm reading that investors are buying up properties. It's possible that the foreclosures will be snapped up by institutional investors and the whole madness will continue.
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  • YellowSnow
    YellowSnow Moderator, Swaye's Wigwam Posts: 37,786 Founders Club
    ntxduck said:

    haie said:

    BearsWiin said:

    But I was told that everybody is leaving

    Beautiful weather is intoxicating. People will take years off of their lives via stressful careers for such a thing.

    I've been here in Maui and the infrastructure is a joke. Parts of it looks like central Oregon fucking wasteland stuff even. But the 🌈 and beaches and warm weather appears to overcome all of that for people.

    I'm not judging, people should do what tf they want to.
    I thought it was pretty well known that outside of the main tourist spots Hawaii was borderline 3rd world
    Definitely some time of the lowest standard of living I’ve driven through in the US are parts of HI. Makes @Swaye ’s trailer on the Rez look like the Ritz.
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  • YellowSnow
    YellowSnow Moderator, Swaye's Wigwam Posts: 37,786 Founders Club
    RaceBannon said:

    Why not both?

    We work from Bakersfield to El Centro

    I don’t know If El Centro or Bakersfield is the armpit of California. It’s pretty close.
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  • Fishpo31
    Fishpo31 Member Posts: 2,676
    YellowSnow said:

    RaceBannon said:

    Why not both?

    We work from Bakersfield to El Centro

    I don’t know If El Centro or Bakersfield is the armpit of California. It’s pretty close.
    "We" have two armpits, why not California?...abundance gif
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  • Pitchfork51
    Pitchfork51 Member Posts: 27,690
    I'm quite pleased I've been saving. When the shit crashes I'm poised for a nice pickup
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