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An Orange County homebuyer with a 3.5% down payment would have to earn just over $420,000 a year to afford payments for a median priced home.
Paywall removed: https://archive.is/eyxeJ
An Orange County homebuyer with a 3.5% down payment would have to earn just over $420,000 a year to afford payments for a median priced home.
I wonder…if the house prices are skyrocketing that means no one will buy a house, if no one buys a house that means house prices will go down right…? right…? Like the basic economy taught us
A lot of foreign investors are just parking their money in empty homes here.
The boomer die off is coming - when that generation starts to really drop like flies we’ll see millennials offloading property and a likely deflation of the market. The issue right now is that boomers are making so much money off their properties that many of them own multiple homes and a fair few have dozens of rental properties.
The danger is that corporate landlords start scooping up the estate sales.