California is just the best state, Home prices only keep going up , you can buy anytime and be assured that there will be ROI on your investment,. can't say that of Florida thou.
Thanks Jason. good info. following u now. BTW more homes are being built at Elk Grove. Appreciate if u can provide some insights? Also Reno, NV? thanks.
My neighbor had the house for sale only for 3 days and it got sold so fast that I was surprised to see the new owner remodel the entire house right away houses in California don’t seat on the market for a long time they sell real quick because there are a lot of people from other states and country’s moving in
I'm beginning to see a few new listings priced 20-30% above comps or same house sales price from 2 years ago. These are not flips. Will keep an eye on them.
Lots of new homes coming into the market in Orange county but at high prices than just a few months ago and so they just sit there and lower their price every month. I see 400k reduction from 2 mil to 1.599 and it's still on the market.
California price is up 3% year over year and SoCal is up 4% yoy. Where’s the crash???? The scary part is we’re in seasonal and I expect prices should be down already by 5% but it’s not. So if you’re a crashbro it’s not a good news for you.
Inflation? If the prices of everything else is up more than 3-4% yoy (based on reality, not based what is being reported) does that mean housing appreciation is actually down yoy?
@@orangecrushk5959im looking at the sold houses within the past month in my zip code. I saw a listing for 3br and 1 ba with 925 sq ft just sold for 750k it has average upgrade nothing fancy. Last year this house would sell for 650k. Its nuts!!!!
@@eugenefirebird8938to think we’re in seasonality. Imagine when we hit spring and if fed start dropping rates. What do you think it’s going to happen???
@House_hacker_619 makes sense that prices would go up in spring with more buyer demand & lower rates...but are prices only going to continue to increase to infinity and beyond? At what point will we hit critical mass for housing affordability? Not all buyers are going to be able to keep stretching their budget for these astronomical asking prices.
What we all know is that everybody is moving out of California because of the high living costs, and outrageous home prices. What we didn't know was that they're making a U turn and paying more than what they sold for. I guess. It's crazy, and it's not going to stop. Renting, though, IMO, is not the worse thing to do right now; but save the difference to buy in the future.
"Crashbro" ............. LMAO at that one! Here along the central Cali coast the crashbros are screaming at their computer screens and feverishly spamming RE forums.
Simple. If inflation stays above 2%, home price will stay up. If we get a recession and inflation goes below 2% or we have a deflation, home price will drop.
I think crashbro Nick probably cost me some. I bought into his theology for a while. Stupid TH-cam algorithm. I finally bought a home last month and will probably end up doing a refi next year.
I bought my 2nd house in San Diego on August 2022 for 685k with rate of 4.375. My current mortgage on the house is 4100 VA loan at zero down payment. The house current value is 865k. If I buy this house at current value and interest rates. I’m probably paying 2500-3000 more on mortgage which means I’m priced out. I’m glad I didn’t fall to his BS. The worst part is I’m not seeing any houses with ADU at that price and ADU cost 150k+ to build. The houses with ADU are 900k+ and up. My house had 2 ADUs on my property a granny’s flat and a garage converted bedroom with private access. Both ADU are currently rented which pays my monthly mortgage and I saved over 100k by not paying the mortgage. I have a separate 3br and 2ba on the the main house if I move out and buy. I can rent it out for 3500-4k and that’s my cash flow. Im glad we have Jason giving us accurate information.
@@whatsitlike6392thank you bro I also have a big backyard with option to build a 2/2 tiny house which I can rent it out for 3k. Not too mention plenty of parking spot in my driveway and street parking.
California is just the best state, Home prices only keep going up , you can buy anytime and be assured that there will be ROI on your investment,. can't say that of Florida thou.
Thanks Jason. good info. following u now. BTW more homes are being built at Elk Grove. Appreciate if u can provide some insights? Also Reno, NV? thanks.
My neighbor had the house for sale only for 3 days and it got sold so fast that I was surprised to see the new owner remodel the entire house right away houses in California don’t seat on the market for a long time they sell real quick because there are a lot of people from other states and country’s moving in
Excellent analysis
Thank you Sir
Thanks Jason, as always, we appreciate you!
I appreciate you, Matt! Have an awesome weekend.
Thanks for the video Jason! Following you just for this video :)
Awesome, thank you!
Fantastic information as always
Much appreciated, Rene!
As Kenny Rodgers said, ya got to know when to hold em and when to fold em. Just like buying or sell in a house. Total game with luck and timing
crashbros had been folding their cards since 2016😂.
That’s a classic song 👍 Buy/sell when it’s right for you 😀
I'm beginning to see a few new listings priced 20-30% above comps or same house sales price from 2 years ago. These are not flips. Will keep an eye on them.
20-30% above is significant. Hope you have an awesome day!
Lots of new homes coming into the market in Orange county but at high prices than just a few months ago and so they just sit there and lower their price every month. I see 400k reduction from 2 mil to 1.599 and it's still on the market.
Can you afford a 1.6M? The owner probably overpriced it for a 1M😂
Not 1st today Jason!😂 #LETSGETNERDY
You snooze, you lose
@@quanmunist this is true! I have been off my game for the last 2 days. 😂😅
Good morning Steve! Make it a great day!
Thank you!
You’re welcome! Good morning 😀🏡
California price is up 3% year over year and SoCal is up 4% yoy. Where’s the crash???? The scary part is we’re in seasonal and I expect prices should be down already by 5% but it’s not. So if you’re a crashbro it’s not a good news for you.
Inflation?
If the prices of everything else is up more than 3-4% yoy (based on reality, not based what is being reported) does that mean housing appreciation is actually down yoy?
Insanity. They are more than 3x real value.
@@orangecrushk5959im looking at the sold houses within the past month in my zip code. I saw a listing for 3br and 1 ba with 925 sq ft just sold for 750k it has average upgrade nothing fancy. Last year this house would sell for 650k. Its nuts!!!!
@@eugenefirebird8938to think we’re in seasonality. Imagine when we hit spring and if fed start dropping rates. What do you think it’s going to happen???
@House_hacker_619 makes sense that prices would go up in spring with more buyer demand & lower rates...but are prices only going to continue to increase to infinity and beyond?
At what point will we hit critical mass for housing affordability? Not all buyers are going to be able to keep stretching their budget for these astronomical asking prices.
Creeptool had been quite lately 😂
What we all know is that everybody is moving out of California because of the high living costs, and outrageous home prices. What we didn't know was that they're making a U turn and paying more than what they sold for. I guess. It's crazy, and it's not going to stop. Renting, though, IMO, is not the worse thing to do right now; but save the difference to buy in the future.
"Crashbro" ............. LMAO at that one! Here along the central Cali coast the crashbros are screaming at their computer screens and feverishly spamming RE forums.
Simple. If inflation stays above 2%, home price will stay up. If we get a recession and inflation goes below 2% or we have a deflation, home price will drop.
How is it going to drop if no one is selling? That will be nice it will be cheaper for me to buy again 😂
@@House_hacker_619 well let’s say you have 3% loan and your payment is $8000 but you lost the job. What are your options?
I think crashbro Nick probably cost me some. I bought into his theology for a while. Stupid TH-cam algorithm. I finally bought a home last month and will probably end up doing a refi next year.
Sorry to hear that. I feel more sorry for people who were able to afford it but choose to believe him and now priced out
I bought my 2nd house in San Diego on August 2022 for 685k with rate of 4.375. My current mortgage on the house is 4100 VA loan at zero down payment. The house current value is 865k. If I buy this house at current value and interest rates. I’m probably paying 2500-3000 more on mortgage which means I’m priced out. I’m glad I didn’t fall to his BS. The worst part is I’m not seeing any houses with ADU at that price and ADU cost 150k+ to build. The houses with ADU are 900k+ and up. My house had 2 ADUs on my property a granny’s flat and a garage converted bedroom with private access. Both ADU are currently rented which pays my monthly mortgage and I saved over 100k by not paying the mortgage. I have a separate 3br and 2ba on the the main house if I move out and buy. I can rent it out for 3500-4k and that’s my cash flow. Im glad we have Jason giving us accurate information.
@@House_hacker_619 Good stuff! You've created some generational wealth with this.
@@whatsitlike6392thank you bro I also have a big backyard with option to build a 2/2 tiny house which I can rent it out for 3k. Not too mention plenty of parking spot in my driveway and street parking.
@@whatsitlike6392my 1st rental I bought in June 2009 is also located here in San Diego has 4 months to pay it off. I’m glad I kept it as rental.
I decided I no longer want to buy in this shit show. God bless those who feel like wasting their money on a shoe box lol
First
Boom! Good morning!