Sky high housing prices impacting The Bay Area; Mortgage rates up across the country
ฝัง
- เผยแพร่เมื่อ 22 พ.ค. 2024
- Mortgage rates are on the rise both in the Bay Area and nationwide. The median sales price for a home across the country has reached a record high of $387,000. However, in the Bay Area, home prices are significantly higher. Our Elizabeth Cook dives in on the subject
Website: kpix.com/
TH-cam: / cbssanfrancisco
Facebook: / cbssanfrancisco
Instagram: / kpixtv
Twitter: / kpixtv
Imagine paying 8,500 a month on mortgage and you're still in the ghetto.
Don't forget the property tax on that.
I pay $250,000.00 a month only because I moved 1,920 miles away from John Travolta.
Exactly
@@Omar_ZazzleMust be a large home to be paying $250K a month. 😂
Property tax is around 1.25% of appraised value.
Really where are investors putting their cash? Isn’t it crazy how mortgage rates continue to rise with higher imports and declining exports, but the FED is yet to lessen cost. Something will eventually break if they keep raising interest rates and quantitative tightening.
from my study, prices of great assets like real estate, dividend paying stocks, and gold never come down, so I buy what I can afford today. ideally, seeking financial advice in a crucial economy is necessary for everyone
I concur with your comment, personally I've avoided drawbacks of uncertain times by simply following guidance from a reputable advisor, and have been able to increase my savings by at least 300% since late 2019, just before rona out-break, summing up nearly $1m after subsequent investments to date. I'm semi-retd now, and only work 7.5 hours weekly.
That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
Marisa Michelle Litwinsky’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
Couldnt pay me to live in oakland
Well we’re not asking you😅😅😅 to
🤣🤣🤣 Two different landlords tried paying me to move OUT of Oakland. Hell no! Rent control, baby.
For South Bay, I got one word: NVDA
I've been a renter for 45 years. I don't need a house; nor do I want to maintain a house. I eat well, my car is paid for, and I get a nice retirement check every month. Have been to people's "homes" with unfurnished rooms, no heat, and Dollar Tree tablecloths for curtains. When did houses stop being HOME and become depressing investments?
They are right. We will own nothing and be happy.
Wow! You could have bought two houses and be sitting pretty at this point but you didn't
@@danasmith858 😆 Hardly. My first rent was $50 a month, and even now it's below $900 (including gas for heat and cooking). Doubt I'd have enough for a down payment on one house, let alone two. And again, I don't want a house. When the roof leaks or the toilet cracks, it's the landlord's problem. As for sitting pretty, you betcha. I'm on the top floor, with a million-dollar view of San Bruno mountain , the marina, and all kinds of trees in between.
These kind of people are flooding mental health facilities anxiety, depression from losing jobs don’t have money to pay rent or mortgage. Let no talk about the elderly they come in saying that their homeless no place to stay. I never seen nothing like this very scary what this country have become.
I’m inheriting a house from my parents but I’m going to sell it and rent
That Vallejo realtor nailed it. When mortgage rates fall, there will not be a sudden flood of homes driving prices down. The exact opposite will occur. Buyers will be rushing to pick up anything for sale and drive up home prices in a mad spike just like late 2021 to early 2022 when prices shot up by 20-30%.
You want to purchase with a low interest rate even if the home price goes up. You will have a smaller mortgage.
When???? Dude, they won't fall below 5% ever!
@@jfloresdrums Not with geriatrics in charge, they don’t care and are out of touch.
@@jfloresdrums not if there is nothing systemically broken in economy. If something breaks all bets are off
I do not think people want to live in Vallejo. Still pricey and crime is a factor.
Why do they keep going to Vallejo. It’s an outlier like a suburban mini-Oakland with a million less perks (”oppurtunities”). If you have kids, you will regret raising them here. And if you live here, just expect something of yours will be stolen.
Exactly
It could get gentrified
Vallejo really is an outlier 😅 💯
Vallejo definitely does have a fair share of crime. However, so do many other cities now. I know people who live in Walnut Creek and Danville facing similar problems. And cute little Emeryville is number 1 in crime right now. Crime is rampant everywhere in California right now.
Vallejo has pockets. Some pockets are good and some are bad. I thankfully live in one of the safer pockets. You just really have to ask around and find out where the safer locations are (ie East Vallejo). The city has a lot more to offer other than crime.
I moved to Texas from San jose ca 2 years ago I just bought a house 4 beds 2and half bathrooms, 2122 sqft for $268k new build, as truck driver I'm currently making the same I was making in the bay area
Texas property taxes are astronomical
@DonP-gf5hn you are right, but it all depends on where you move to and the price of the house, with no state income tax you might save a little bit more every year, then living in California, gas here is only $2.85 to $3.15 the regular.
@@DonP-gf5hn Texas property tax rate actually decreases as the house gets older, and there is something called homestead exemption, so over time the property tax amount is really not that bad. Plus, you can appeal the property value every year and may get to pay less property tax. Don't forget that the Texas property value is a lot lower too, so the overall property tax one pays is still lower than what you would pay in California. Texas also has no income tax and with everything a little cheaper, you get a lot of bang for the buck. Texas' way of keeping the property tax rate high and allowing building more houses more easily really helps keep the housing prices a lot lower and more reasonable. Houston's way of accommodating homeless population to townhomes and condos since a decade ago also helps with reducing the homeless population. I also think the high-tech industry should consider disperse the whole industry a bit more and there is no need to only stay in a small strip of area like in the Bay area. The US has a lot of land. Why not relocate the headquarter to states like Texas, or the Midwest states with more spare land?
3 million people need to leave the Bay Area
I have a solution! An affordable house design that would give you the lowest total cost of home ownership over 30 years. How do you produce a vast amount of something affordable and still make a profit? The solution is: Show builders how they can make a profit producing affordable housing. Modern manufacturing techniques of scale need to be employed to drive down the cost of housing. A profit must still be made! Without the economic incentives nothing will ever get done fast enough. We can't continue building structures of such excessive cost if we want affordable housing. Manufacturing on a large scale is the only way to produce 500,000 homes in 5 years. 100,000 additional new residences every year would be a building boom which would lead to an economic boom which would lead to more jobs. To facilitate large production runs a common plan with few variations must be arrived at. Without such a plan we have no chance at mass production or solving the affordable housing shortage in our lifetime. The modular home building industry in California is well suited to solve CA's problem. By forming a co-op, the California modular home builders could ensure profits, minimize risk, and gain access to the three million Californians currently renting. California modular home builders could agree to eliminate competition on this common house design and mass produce two models of house simultaneously. We should be building affordable homes as fast as we built bombers in 1944!
70 % of home bought by wall street institutional investors and doing price jacking.
She said if you save your money renting you can buy a house she must not know how broke I am
Oh, no kidding.🤣 I gave up on buying a house around here 30 years ago. It helps that I don't need a big old house. Thank goodness for rent control.
It's almost a wash when you first buy a house - it is only over time when inflation goes up and you can get rid of mortagage insurance and refi that you can gain by buying - but then you have all the the others costs - especially if something goes wrong.
She said if ya broke renting...you would be in foreclosure if you bought.
@@captngque¿
The moment you save money your insurance charges you double and you have to buy a battery for your car
Move to the Philippines and get a Beach House for $20,000
Really? That cheap? Dang I need to check that out
Promote this more.
Heck … rent it for $5 a day !
Empty talk. Tell us what beach.
@@Western-3rdSt. in the province of PH
vallejo is not good, toll bridge keeps going up not sure how they do it.
In my local area, a $2M house (which is Santa Clara County's median) will easily get you a 3K square foot house on the shoreline of Lake Ontario with a dock, private road, gated driveway, possibly a private beach, lots of bedrooms and bathrooms, and a large pool.
We are setting up ourselves for another bubble...we never learn from the past.
She is dreaming , prices are never going down , get with reality people
How you say that with certainty?
By your logic, supply will never increase and demand will never die down?
Not in San Francisco. It's a prime target for overseas criminals to "invest" in housing and clean up their dirty money. That's why there are so many vacancies unadvertised. Nobody with any sense wants to be a landlord.
@@Jonathaneve5Because home values are the same as they were in 2019. It's the dollar that lost half its value
@@mg-by7uu I’m pretty housing market is driven by “supply and demand.”
How r they saving money when the rents go up every year ..?? When you can get evicted any time they sell ? When the cash you’re saving is worth less and less by the month ?
I love home owners who think that a dying city needs high rent.
OMG, some of this is totally about those midnight infomercials convincing people that anyone and everyone should be a landlord. 🤣🤣🤣
Overpriced property values, and increased property taxes go in tandem, at 150k you could afford the property taxes, at 700k for the same place, can you still afford the property taxes?! Another housing bubble.... something has to give
If I want to live in a dump I'm going to set up a tent with the rest of the people
you mean greedy real estate investors are inflating the market. banks helped create bubbles that let a small group of people become wealthy and keep people as renters. they should allow all people to get a mortgage and house with no money down. housing is not a luxury, its a neccessity.
Some years ago, banks were offering no-money down deals on houses. I had sales folk calling daily to say, "No really! Even if you have no money I can get you into a house." They even let people slide on the first year's mortgage payments, AND gave them cash kickbacks. A lot of those houses wound up in foreclosure.
I have a solution! An affordable house design that would give you the lowest total cost of home ownership over 30 years. How do you produce a vast amount of something affordable and still make a profit? The solution is: Show builders how they can make a profit producing affordable housing. Modern manufacturing techniques of scale need to be employed to drive down the cost of housing. A profit must still be made! Without the economic incentives nothing will ever get done fast enough. We can't continue building structures of such excessive cost if we want affordable housing. Manufacturing on a large scale is the only way to produce 500,000 homes in 5 years. 100,000 additional new residences every year would be a building boom which would lead to an economic boom which would lead to more jobs. To facilitate large production runs a common plan with few variations must be arrived at. Without such a plan we have no chance at mass production or solving the affordable housing shortage in our lifetime. The modular home building industry in California is well suited to solve CA's problem. By forming a co-op, the California modular home builders could ensure profits, minimize risk, and gain access to the three million Californians currently renting. California modular home builders could agree to eliminate competition on this common house design and mass produce two models of house simultaneously. We should be building affordable homes as fast as we built bombers in 1944!
Unless you have 4 families in one house forget the headache it’s not worth it…work remote and move out of the bay!
“In todays news, water is wet”
😆🤣
The average American doesn’t have $500 saved for an emergency. How will they save 400k as a 20% down payment on a “2M dollar” home?
Because we know it’s not worth it 👀 never was never will be things are scary. Food is up jobs hours are cut back or even reduce workers. and to buy a home that’s overpriced property taxes, sky, high insurance sky high. To buy a house this much over price is hanging yourself.👀👀👀
My uncle never owned his own house. He did the math and found his rent also included his heat and he lived
in the northeast. So he would have more room in a house but he lived cheaper in a rental. When I lived in Connecticut
a barn foundation rented for 700 dollars per month, next to a graveyard.
If people weren’t greedy we will be alright
That ship has sailed, though. Used to be, people bought houses to raise their families and be good neighbors. These days a house is an "investment," and everybody's worried about the NEXT buyer. So Americans are afraid to paint their own walls pretty colors, or hang pictures, or plant tomatoes in the yard. 😢
right.. oakland rent getting cheaper as the crime rate going higher there .. well obviously that's the reason why
That’s a joke!! House prices need to be lower
Excellent reporting compilation. I don’t even live in California, but greatly benefited from it.
its still about 250,000 over valued.
The only people who can buy right now are rich people who are buying with cash (or institutional investors) and are price insensitive. And no one can afford to sell unless they have to (as they will reset their mortgage rate). So prices will go up.
Wish people could find other ways to invest and make a profit. Housing is so essential for a life, and everything that comes with that stability.
There’s a lie media wants you to believe. Only 2% of homes are owned by institutions. 40% of people own their home all cash- no loan. Don’t fall for the lie:-)
@@ct6852Lowering the rates helps regular people purchase homes. You get more house for your money even if the price goes up a bit.
@@ct6852 no investments means less new construction , less homes and higher prices
Thank you for keeping us informed on so many levels. I feel like the more I learn about the low-income people of our country, the more my anger grows. Thanks Arleth. Imagine investing $1000 and receiving $5,450 in 3 days.🇺🇸
Wow. I'm a bit perplexed seeing her been mentioned here also Didn't know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
The very first time we tried, we invested $1000 and after a week, we received $5900. That really helped us a lot to pay up our bills.
Getting Arleth Coronado to help me really helped me clear all my debts. I started with what I have left and it's been the best decision I ever made.
She's the best honestly I'm also a beneficiary. This inflation has taught people the importance of multiples income investment helps alots..
she's mostly on Telegrams, with the below user name.
Thank God Peter Thiel can afford these homes…so much so that he owns ALL of them.😂
To rent a house for three or $4000 a month is like spitting in your face and telling you it’s raining👀
Yup
Thank you
Waiting for interests rates to fall...not sadly.
There's no large base of buyers approvable....
Prices can only rise, till it pop's, like...history of 1926/2008/2024?
TY for the information. Major cities in North Carolina are facing similar housing price escalation rates as the cities in this report. ADUs, lot splits, and other options are under investigation as ways to address our affordbale housing issues for low-income and working class citizens. 👍
good information, thanks
I am sure investors are buying a lot of those homes in addition to high tech people. The divide is getting wider.
I agree, consumers have to put their foot in the ground and just say prices are too damn high. But as long as people with money are willing to buy a home worth 900k for 2.1 million… prices will stay unrealistic.
@@Soapboxwarrior Problem in the Bay Area is that the market isn't driven by US consumers. Most real estate in San Francisco these days is snapped up by people from China, Saudi Arabia, Dubai, and India. For CASH, which needs to be laundered some kind of way.
@@nancymcmonarch Statistic shows that foreign buyers are around 2%. It's the institutes who takes 40% of real estate purchase.
Home prices are supply restricted. Interest rates don’t matter for price.
that's such a dumb take.
@@Frenchieeeee how so? Talk data not emotions:-)
@Frenchieeeee yeah they are thinking of paying straight cash. Must be nice...
@@mfo7611 40% of homes in America are cash paid off- no loan
The prices are high due to inflation, not supply restricted.
Is this a televised News rerun? It's been like that for 15 years and more.
These people must be out of their minds paying that much on a house I feel for that person if he get sick trying to carry a mortgage you’re doomed.
there is literally no reason to even have a sign made that says "sold with multiple offers".
zero people care how many offers a seller received. it sold.
The 20 year average for mortgage rates is 7.1% (2018) The rates are not going down they are finally where they are suppose to be. They have been kept artificially low since 2008 crash ( causing inflated prices ) Now if they lower rates inflation increases and any increase in rates will collapse more banks. Buckle up everyone.
I have a solution! An affordable house design that would give you the lowest total cost of home ownership over 30 years. How do you produce a vast amount of something affordable and still make a profit? The solution is: Show builders how they can make a profit producing affordable housing. Modern manufacturing techniques of scale need to be employed to drive down the cost of housing. A profit must still be made! Without the economic incentives nothing will ever get done fast enough. We can't continue building structures of such excessive cost if we want affordable housing. Manufacturing on a large scale is the only way to produce 500,000 homes in 5 years. 100,000 additional new residences every year would be a building boom which would lead to an economic boom which would lead to more jobs. To facilitate large production runs a common plan with few variations must be arrived at. Without such a plan we have no chance at mass production or solving the affordable housing shortage in our lifetime. The modular home building industry in California is well suited to solve CA's problem. By forming a co-op, the California modular home builders could ensure profits, minimize risk, and gain access to the three million Californians currently renting. California modular home builders could agree to eliminate competition on this common house design and mass produce two models of house simultaneously. We should be building affordable homes as fast as we built bombers in 1944!
If rising crime and higher vacancy are pushing down rents in some cities, then those cities that are relatively safe and with low to no vacancy will skyrocket.
Supply and demand.
With so much rising house price, why are we still paying 6% to realtors for doing the same job...???
How come nobody talks about the increased taxes?
Been to SF..and no fw I'd live there. But if I was going to buy I'd be rattling the bushes for an off-market motivated seller.
Here is the problem with the local and national news. They are reporting that home prices have increased, but most of those homes are not selling at the seller's asking price and have been sitting on the market for months.
lol. You’re so wrong
In regions where that's happening, the solution is obvious. LOWER the goddamned PRICE!
It depends. In my neighborhood in a small town in CA, houses are sold in days. It is mainly because of the school districts from grades school, to junior high and senior high, and 4-year college.
FOMO: if people did not go along with bidding wars, and just purchasing for ridiculous prices this would not happen but it already has. I am glad that some people are waiting. Most people I know have just moved out of California. If you can't afford it, you can't afford it!
In San Francisco, Americans can't even compete in the bidding wars with criminals from overseas who need to launder their CASH.
I have a solution! An affordable house design that would give you the lowest total cost of home ownership over 30 years. How do you produce a vast amount of something affordable and still make a profit? The solution is: Show builders how they can make a profit producing affordable housing. Modern manufacturing techniques of scale need to be employed to drive down the cost of housing. A profit must still be made! Without the economic incentives nothing will ever get done fast enough. We can't continue building structures of such excessive cost if we want affordable housing. Manufacturing on a large scale is the only way to produce 500,000 homes in 5 years. 100,000 additional new residences every year would be a building boom which would lead to an economic boom which would lead to more jobs. To facilitate large production runs a common plan with few variations must be arrived at. Without such a plan we have no chance at mass production or solving the affordable housing shortage in our lifetime. The modular home building industry in California is well suited to solve CA's problem. By forming a co-op, the California modular home builders could ensure profits, minimize risk, and gain access to the three million Californians currently renting. California modular home builders could agree to eliminate competition on this common house design and mass produce two models of house simultaneously. We should be building affordable homes as fast as we built bombers in 1944!
Why are home prices down and going on down out of San Fran area? Called all the insurers are leaving the state and you cannot get home insurance. Fire hazard is just too high.
but if the interest rates go down and the prices go up, then the property tax goes up. It’s like someone isn’t connecting the dots.
Shades for $2m without wall insulation, old sewer, old everything. Nah.
12:57 They bought that huge property in the late 70’s and still have mortgage?
Cash out on home equity
These realtors are salesman and them saying when interest rates drop tells me alot about how little she knows about economics. If, the feds cut rates, it won't be enough to make it more affordable for people because the feds will likely cut by 25 basis pts leaving mortgage interest rates in the 7% range still.
💯
its V town it has a rep.
You have to be insane to move to Oakland. That woman, India, will be lucky to be alive a year from now. I was there there 6 months ago; it was the most terrifying experience in my life. Someone attempted to steal my car at a red light, but I fought them off.
We need to be making it easier to build housing; build a lot and build it fast and build it dense (no one wants to live an hour away from their job or amenities).
Yeah try convincing home owners who want to minimize supply to grow their wealth. Btw that home owner also happens to be the voter. Good luck lol😅
Construction cost isn’t cheap either. How much do you think it’s gonna cost to build a house giving the high price of materials and labor?
All my younger relatives are being handed houses by their parents. THAT is the only way they're affording to buy their homes.
What rent 30 percent homeless and in cars
It makes sense to rent in the bay, area considering how much more expensive a mortgage is. People can always buy investment property in other areas where the rent is higher then the mortgage and get passive income from those investments. Buying in the bay area considering how much lower the rents are then the mortgage, in my opinion, is a really bad financial move.
Corporations and taking up the housing stock
Why would teachers, government workers, police officers want to live in San Francisco. Their wages don’t cover it 😅
When rates drop, everyone will want to buy, meaning house prices will increase. Easy economics, supply and demand. Currently people don't want to sell because they already have a good rate ( 3%) if they sold they're going to get stuck with double that at least.
every city in California should have affordable housing. Low and middle income families deserve a place to rent and buy.
Every city needs a welfare project? Protect your bums like your criminals?
That's what those tents and motorhomes on the curb are.
The corporations will come in and buy the low income housing
Dorino, there are SO many vacant office buildings in San Francisco, Oakland, San Jose, etc. During the pandemic, Americans discovered that we love working from home. If I had a bazillion dollars, I'd snap up one of those buildings for pennies on the dollar and turn it into apartments or condos.
Market in Bay Area is different, if you are able to get a house and buy then your asset 99 percent of time will appreciate and you will have gained equity, couple that with tax deductions, and you can say that this asset may be much better class then stocks and gives much less risk, plus no taxes to pull equity, and no Capitol gains if you sell it for up to 250k. Reason why the market is hot is because people see this properties as a investment
I'm just curious, for the people who are able to afford the prices, What do you do for a living? Do you own multiple business, or did you climb the corporate ladder? Was money gifted to you as an inheritance, or have you made wise investments? A combination of all of them above? How old are you? Is this your first home? I'm just curious if you were in the position of the shop owner at this stage in her life, how would you go about setting yourself up to purchase? If you are older do you worry that younger generations won't be able to maintain the value of the US dollar, or do you have an off shore bank account and plan on living out your golden years as an expat abroad and don't care?
Location, location, location. Oakland it isnt. The arm pit of the bayarea.
Well because they know some people can afford it , people seems to forgot we are in a capitalist world. its all around us
Vallejo is like San Jose 40 years ago.
San Jose 40 years ago! ❤ When I first moved to California, I stayed with friends in Sunnyvale, who were renting a house for ONE thousand dollars a month. What's now overpriced Silly Valley used to be acres of farmland and orchards; it was truly lovely. Now I can't even stand to drive there, it's so ugly.
That was why I escaped from the Bay Area. DeAnza community college was in the middle of orchards. Today it is hidden in a housing jungle. 😢 So does Mission College.
@@jlseagull2.060
Where did you escape to, and how?
Methinks I'm better off living inside a van beside the river.
Of course Oakland is going to get more expensive. The people from places like SF who had high incomes but not enough for SF moving there, they will cause the same thing that pushed them out.
No, Cara, rent in Oakland is going WAY down. Whenever I go out driving or walking, I see "FOR RENT" signs. My building now has five empty units out of 18, because the "overflow" people got tired of paying $2500 a month for no elevator, no pool, and no doorman. Thank goodness for rent control. I pay $872.
A major solution to housing is to change zoning as well. I'd rather buy and live in a "warehouse" or office studio than live in someone's backyard. Fine, you NIMBYs can keep your community's "character"; the State needs to let Americans who can't afford to buy-in choose alternative places to live. Mixed-use zoning is the way to go.
And it will happen, soon as some of these owners of empty office buildings wake up and realize that Americans prefer working from home. The smartest ones are selling for pennies on the dollar. Sooner than later, many of those empty office spaces will be apartments or condos.
SICKENING!
It's not the rate its the Price of housing. For Prices to go down you have to keep raising interest rates.
Low interest rates is what causes inflation. A low interest rate will just mean you will Pay more for the things you want and need.
interest rates need to be hire to restrict capital and purchasing power, thus reducing selling prices.
That helps cash buyers and investment firms. High interest rates affect regular people getting a mortgage.
@@teri03yep, it is already happening whether the interest rate is low or high. Money power.
@@jlseagull2.060 When the interest rates go lower, Boomers get incentives to sell. With these rates Boomers are forced to keep their SFhomes off the market.
interview people who are putting down those 2m offers. I want to know who they are.
Krazy . I’m just gonna live in my car
Move! You don’t have to stay in expensive places
Greed starts at the top
When will America wake up
Stop going to work and let’s cripple these corporations
Will soon be cut Down 👀
How is this not dystopian CA? How in the hell can this be explained away? Go to Zillow and look at the homes that are over a million dollars in Santa Clara. 🤯
Big money in the Bay Area if you’re in hi tech.
The theory of the bigger fool someone will pay more than what it cost me .
Does your paychecks was growing up at 10%? Nope! So why price for everything is up?
Move to Idaho
I don't get it. How does all these people live in California able to paid for these expensive house. Just asking?
Most people I know make $400,000 or more. I know many people with $4 million dollar homes.
I couldn't stay here if not for rent control. Moved into this apartment 28 years ago, and yep, this is where I'll die. Neighbor across the hall who moved in last year pays three times my rent. RIDICULOUS, and half the apartments here are empty. Pure GREED has made California a place where few people can afford to live.
@@nancymcmonarchmy work colleague has a family of 5 and moved into rent controlled properties a friend gave him his most recent lease.
Realtors say the same thing always lol....buy now.
How tf people supposed to afford these housing payments
The interest rate is not going to drop anytime soon
Let these techs buy up this overpruved real estate , trust me everything comes to an end , when A.I takes over and google and yahoo and these other tech companies start falling , all hell is gonna break loose , its common sense in a way , who the hell would want to buy a million plus home , putting 5 or 10 percent down , and knowing you have that mortgage for 15 plus years lol , not me , alot can happen in 15 years .
Rates have to keep increasing until there is a reset.
There won't be a reset because they've been secretly doing trillions in bailouts the whole time
Do yourself a favor and don't buy in Vallejo LMAO
Exactly! And Oakland too! Stay as far away as possible.
Vallejo is mexico, thats why.
They fool people into believing techies are the buyers. No. It's people who struck it rich in the C-suite executive level of those companies, tech, finance, law, sales, etc. It's not just random "techies" or "high tech". And the money did not "trickle down" to the employees.
There are quite a lot of mid-level techies ( with 5 to 10 years of work experience) cashing out their stock options when the stock prices have gone up a lot. Just in case you do not know, NASDAQ has already broken new records a few times this month.
Yes the price go up yes ,you keep the house a few months then eviction kick in ,you find out you cannt make the payments,housing crashes is next people 😂😂😂😂
homes wont sell because savings are down ..lol step one is a fail
What's sad is they'll still vote for Biden!
Perfect, time to go slap my boss and tell him im gonna need a raise again...😂
The city of Vallejo is in a tragic state of a spiraling crime crisis and severely under-staffed police department, spilling over from Oakland. There’s always a reason for these “bargains”. ALWAYS DO YOUR RESEARCH!
There is a sense of pride about being Californian. LA most Bank robbers. Statewide most people incarcerated. Most criticized by FOX. Highest housing prices. Remember Senior Superlatives in your High School Yearbooks.
Sooo.. everyone under 55 has the right to stop paying taxes because we officially have zero representation? Or?? What??