california housing market graph 50 years
Excerpts from the latest at MarketOracle on US Housing. keep on truckin’! The housing market will continue to decrease and slow down. 3) a lot of rich people in san diego It seems everything they do is to our detriment. We’ve had a nice boom driven by investors and low inventory recently. I think a number of commenters have hit upon it, but it is the Chinese and huge pools of hedge fund money that have predominantly driven the market for the last 5 years in California! Also, it is easy to forget that 1,000,000+ Californians lost their homes via foreclosure and many today are still underwater even with the recent boom in home prices. And they say real estate isn’t a speculative market. If the minimum wage is increased, this is gonna increase cost of a lot of things which means that less money for monthly housing.. Here’s an abnormal flip. Demand: Immigration into Toronto 5. A lot of sellers coming out of the woodwork because they are not officially above water AND they fear that this is the last chance to sell before market crashes again. There are some delightful misapprehensions in your missive. Now you “need” to pay $240,000 more but for what? Unlike Ron Paul who actually thinks for himself. publishes eight magazine issues and various newsletters throughout the year. San Diego, California. The governement is by the FED and for the FED. For the privilege of living in Highland Park. Therefore contrary to the Fed’s pronouncements, Fed policy remains in PANIC MODE, which means it will only be a greater panic that prompts actions to raise interest rates. Right on track. Up and downs happen but people who profess a total tank job can’t and won’t happen, America principles of not printing money went out the window years ago as long as America is the dollar currency of the world the funny money will be printed forever Unfortunletly but true. It is interesting to see the justifications today for why prices are high. We’re neighbors. There is a reason why the LA/OC market is the most overpriced in terms of housing. It always starts with taking an inch. Even though it’s bad for Education, Healthcare, etc etc. When did it become wrong to have an opinion? Sellers market coming to a end of course. Simply put.. Think of a clown car. No way in hell am I buying a POS house in Orange County for $550k. Why am I mentioning this story? 1) QE consists of the Federal Reserve CASHING OUT T’ bond and T’ note holders — in a loopy way — ELIMINATING the national debt. Few facts my friends in 2007 told me in san diego to justify that the real estate prices in san diego would never go down. This interactive chart tracks housing starts data back to 1959. Can’t wait for the bust so I can buy my first home. The San Diego, CA housing market is very competitive, scoring 82 out of 100. The current level of housing starts as of October 2020 is 1,530.00 thousand homes. So how do you justify a $240,000 (a 65% jump) price move in a mere 3 years. •Is the middle class dream an illusion for Californians? The LA/OC market is the epitome of this. The only issue that matters is what the Fed does. Meanwhile, back in China, Uncle Yang and his prison gang are still making millions, even though the Chinese RE market is imploding. Continued Jobless Claims - Historical Chart, Auto and Light Truck Sales Historical Chart, 5 Year 5 Year Forward Inflation Expectation, Initial Jobless Claims - Historical Chart, Capacity Utilization Rate - Historical Chart. Its 2018… it will tank harder than people think. In other words, you stiffed those of us that pay our obligations. Pray for QE4…. IT is the opposite here, on the Eastside (Bellevue, WA). The large investors are all gone. Of course, I paid $535K for it in 2011; if I’d paid $700K, I’d probably have a different perspective. 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