California-Sisters

[Anonymous No.52480303]

What went so wrong? Where is my condo for under 40k?

[Anonymous No.52480477]

>>52480303
ITS OVER

[Anonymous No.52481047]

>>52480477
:(

[Anonymous No.52481075]

not for long

[Anonymous No.52481289]

>buy condo in early 2021 for 300k in SoCal, basically the cheapest option within a 10 mile radius
>interest rates go from 2.5% to 7%
>today equivalent condos are now 400k
Feels pretty good. Lots of people priced out of townhouses, let alone actual houses, so now there's a lot more buying pressure on the bottom.

[Anonymous No.52481528]

For me it's less an issue of being able to afford "something", and more coming to terms with:
> Do I buy a condo with $1000/mo HOA fees, but in a good part of town where I'd have better dating prospects, or
> Do I buy a house in the suburbs where I'll own the land but die alone

[Anonymous No.52481553]

>>52481528
>making your home purchase decisions centered around dating
ngmi

[Anonymous No.52481574]

>>52481553
Raising a family is quite literally the single most important goal in my life. That means picking a good partner, and that means surrounding myself with women in a similar echelon of wealth.

[Anonymous No.52481594]

>>52481574
lmao men dont naturally want kids and a family, retard
thats the job of the woman, who you choose to do so with

[Anonymous No.52481637]

>>52481289
>Feels pretty good
enjoy it while it lasts. Condos got hit the hardest back in 08.
>>52481528
>1000/mo HOA fees
where the fuck do you live.

[Anonymous No.52481652]

you can live in the kitchen for $2080 a month

[Anonymous No.52481674]

>>52481289
>>today equivalent condos are now 400k
Correction, they're listed at 400k. No one is buying it at 400k when interest rates are 7%

[Anonymous No.52481699]

get me the fuck out of here you know who you are

[Anonymous No.52481702]

>>52480303
>brand new: $37,000
>30 years later: $450,000
I'm so tired of this shit

[Anonymous No.52481734]

>>52481574
then get off 4chan you stupid dweeb

[Anonymous No.52481773]

no wonder american homes are constantly flying with every little stormy weather. they all look like cardboards. every zillow picture looks like that shit. is there a concrete wall behind it? is this some psyop to keep euro people from buying cardboard houses in murrica? tell me ameribros

[Anonymous No.52482064]

>>52481699
>>52481652
HOME
O
M
E

Thank god I live with my mom
A friend of mine got a whole condo from his grandparents. Its got views too. It isn't fair.

[Anonymous No.52482158]

In Modesto. Are you fuckin stupid? Red Bluff. Barstow. Nipton. Placerville.

[Anonymous No.52482193]

>>52481289
>high rate environment forces prices down
>when high rates have overcooled the economy, they dump rates to restart the economy
>suddenly the house you bought for 300k is worth 200k while interest rates are back at 1-2%

it's the same story every time only with bigger numbers. you bought the top

[Anonymous No.52482295]

>>52481528
>dating prospects
what the fuck does that actually mean

[Anonymous No.52482322]

>>52481773
The US and ESPECIALLY California have earthquake issues so making buildings like you see in European countries would create unstable deathtraps that would collapse on you in a second
This way houses won't collapse they would just wiggle around a bit and if it does collapse its not instant death or a slow and painful suffocation while being crushed.
One of these houses in the UK would rot and collapse fairly quickly unless it was made impeccably when it comes to limiting moisture in a place where you have to let the shower air out or have mold buildup

[Anonymous No.52482336]

>>52481674
False, two sold in the last few months

[Anonymous No.52482348]

>>52482158
>Modesto
yea the cheapest thing there is 175k.
and the place that was less than 40k in the 90s is only a mile or two from the ocean. Its literally in fucking heaven. And the beach, weather and landscape isn't new. The cheapest condo in Placerville is 320k And there is nothing in the other two. ITS FUCKING OVER. The California golden age died in the 90s.

[Anonymous No.52482360]

>>52482336
>in the last few months
HAHAHHAHAHHAHAHHAHAHA

[Anonymous No.52482363]

>>52482193
I literally just told you that raising rates brought prices up. I live in a high-income high-employment high-nimby suburb, not some cardboard-printing Vegas outskirt. As long as the local industry isn't hurt by a recession (and it's a fairly recession-proof industry), I don't see much reason for prices to drop that far. I do expect my condo to go down a bit when rates are cut, but I expect more expensive units to go up to their previous highs as well. With the money printer going, easily a good outlook five years out.

[Anonymous No.52482376]

>>52482360
Just check out the Thousand Oaks/Camarillo/Simi Valley area if you don't believe me bruh.

[Anonymous No.52482380]

>>52482322
If the quakes are that bad you can just make monolithic domes that are virtually indestructible.

[Anonymous No.52482393]

>>52482363
>raising rates brought prices up
the effect of rising interest rates are not instant but have a lagging effect of 6-12 months depending on sector. i did not bother reading anything past the part i quoted

[Anonymous No.52482399]

>>52482393
Then why did housing prices instantly drop in Arizona?

[Anonymous No.52482459]

>>52482376
A few months ago mortgage rates weren't 7 percent. A few months ago was the peak. Its all downhill from here.

[Anonymous No.52482489]

>>52482459
Yeah they were like 5.5% instead, irrelevant in an area where the median income is nearly 100k

[Anonymous No.52482541]

>>52482489
nice cope.
Its even higher here.

[Anonymous No.52482610]

>>52482541
>1 million dollar house
Thanks for proving my point retard. I said the houses and townhouses are collapsing, but the cheapest condos are appreciating.

[Anonymous No.52482659]

>>52482610
there not though.

[Anonymous No.52482660]

>>52480303
Not a bad deal for Laguna.
Laguna is probably the most expensive zip code in socal. Unless you’re sending your kids to school, shop for a house in a nice surf ghetto.

[Anonymous No.52482677]

>>52482659
That's not $400k

[Anonymous No.52482720]

>>52482677
It might be in a year or two.

[Anonymous No.52482755]

>>52482322
>earthquake issues
I guess someone should tell Japan they need to start stick and waxed card building

[Anonymous No.52482783]

>>52482720
Doubt it
>According to the 2010 United States Census, Westlake Village had a median household income of $112,083, with 3.9% of the population living below the federal poverty line.[25]

[Anonymous No.52483183]

>>52482755
ok, i will let them know

[Anonymous No.52483301]

>>52480303
This is a taste of what’s going to happen to the midwest.

[Anonymous No.52483439]

>>52482783
what bottomed in 2010 again. I forget