not sure if N8 posted this yet
http://www.usatoday.com/money/perfi/housing/2005-08-17-housing-valuations.htm
http://www.usatoday.com/money/perfi/housing/2005-08-17-housing-valuations.htm
housing market
- Thread starter firetoole
- Start date
A quick glance at that list proves CALIFORNIA IS OVERPRICED! 
The bubble is going to burst......................
It's kind of what I figured; most of the cities are right here in California. It doesn't surprise me in the least that Santa Barbara is the number one spot. A real esate agent once said that you can't touch anything in Santa Barbara for less than a million dollars.
On the other hand, I'm kind of surprised that Oxnard made the top 20...
On the other hand, I'm kind of surprised that Oxnard made the top 20...
Just another reason to stay the hell away from Cali. Not to mention that it's going to fall into the pacific some day soon.I Are Baboon said:A quick glance at that list proves CALIFORNIA IS OVERPRICED!
yea I saw that special on NOVA last weekrobdamanii said:
It's WAY over priced, but CA is the best state!!!!I Are Baboon said:A quick glance at that list proves CALIFORNIA IS OVERPRICED!
I think someone watches too much of the OCBrian HCM#1 said:
Either that or it's going to break off to go hang with Hawaii....Alaska can come too....firetoole said:
I agree with that, I have lived in California my whole life, and I wouldn't want to live anywhere else. I've been to other states, and none compare to California...IMO.Brian HCM#1 said:
I have thoroughly enjoyed the little bit of time I have spent out there.Brian HCM#1 said:
Southern Cal had too much traffic though. Traffic on the highways, traffic on the backroads, traffic in the suburbs. Meh.Yeah, the traffic is out of control here in the Los Angeles area. On the other hand, I love the riding out here and the weather is usually pretty nice year round...I Are Baboon said:I have thoroughly enjoyed the little bit of time I have spent out there.
You guys seen this?
linky
This show shows what you can buy around the country. 5 bedroom in one city is a studio apartment in another kinda thing. They also talk about the appreciation in the areas. One house (San Fran area) had appreciated 20% per year for the past 5 years.
Talk about adding fuel to the fire. It makes it sound like speculation is a great way to plan for your financial future.
linky
This show shows what you can buy around the country. 5 bedroom in one city is a studio apartment in another kinda thing. They also talk about the appreciation in the areas. One house (San Fran area) had appreciated 20% per year for the past 5 years.
Talk about adding fuel to the fire. It makes it sound like speculation is a great way to plan for your financial future.
robdamanii said:
For everyone who didn't catch the plug. Warning: not work safe language.
http://www.ebaumsworld.com/flash/endofworld.html
Andyman_1970 said:
wanna bet?
Someone FINALLY picked up on that one.reflux said:
For everyone who didn't catch the plug. Warning: not work safe language.
http://www.ebaumsworld.com/flash/endofworld.html
haha! the whole damn county
/obvious
The clock is ticking on that whole over inflated market............tick tick tick tickdouglas said:
memphis is at -11% and i still can't afford to buy a house.
this guy might know a little something about the economydouglas said:
http://www.nytimes.com/2005/08/21/business/yourmoney/21real.html
if you need to log-in
UN: liberalhatr
PW: pissoff
35 million people can't be wrong!Brian HCM#1 said:
From the article, it appears that Texas is the place to be........
Andyman_1970 said:
I think there's a very good chance that a large number of people who expect their house investment to pay for other things down the road are going to be very dissapointed.
Do people *really* expect their house to be a "real" investment.berkshire_rider said:
I think there's a very good chance that a large number of people who expect their house investment to pay for other things down the road are going to be very dissapointed.
It's a decent asset to have, but as an investment, housing has historically been just mediocre from an appreciation aspect.
Of course, don't ask the people who have lived on the gravy train the last ~10 years.
I think there are more than one monkey on here that view their house and an investment, at least in the Bay area.
I saw Bend OR was listed as "needing a correction" - if that's the case maybe we will be able to move up there with what I've been offered jobwise up there..........one of these days.
I saw Bend OR was listed as "needing a correction" - if that's the case maybe we will be able to move up there with what I've been offered jobwise up there..........one of these days.
Yes. I'm not referring to anyone in particular, but I know of some people locally, who have indicated they expect the value of their house to increase enough to pay some/all of the kids college expenses or pay off debt. I think it's more common then you may realize especially in over-valued markets. At some point, all of the people who are willing to pay big bucks for a new house will become more exhausted, and the market prices will not be sustainable. I could be wrong, and only time will tell.SkaredShtles said:Do people *really* expect their house to be a "real" investment.
It's a decent asset to have, but as an investment, housing has historically been just mediocre from an appreciation aspect.
Of course, don't ask the people who have lived on the gravy train the last ~10 years.
berkshire_rider said:
really? what is thier plan/where will this $ come from...selling the house? or remortgaging it?
I could see the market leveling off, but burst......not gonna happen(IMO)
Dont forget people renting aparts, will have rent increases year after year, mortgages stay the same.
I think most are counting on selling their investments...........
It's hard to see a burst in the future just because there are so many people who would sell their kids to buy a house in Cali based on supply and demand I don't see a resolution any time soon
Like when wages increase at X and housing appreciates at X + 5? With "5" being a number completely picked at random.firetoole said:
...Thats where it gets interesting... sell... and then what?Andyman_1970 said:
I have seen that most people who are living in bubble-land (Boston/SoCal/Phoenix, etc.) would have no interest in moving to Texas, Alabama, Tennessee, etc. So, that leaves them with a truckload of cash at the sale point, but then they have to spend that truckload on another place in a comparable environment...
luken8r said:
i live in essex county.
hope i don't have to move anytime soon!
:
man that would be one beast of a tax hit if you sold your house for 1.5m and bought your next house at 250k
