The housing market just slid into a full-blown correction

ADevilYouKhow

ADevilYouKhow

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88m3

88m3

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www.theonion.com

San Francisco Realtor Shows Couple Earning Under 6-Figure Salary Around Neighborhood’s Best Tent City

SAN FRANCISCO—Saying this was by far the best option given their financial situation, San Francisco real estate agent Harry Evans reportedly showed a couple earning a sub-six-figure salary Wednesday around the neighborhood’s best tent city. “So we obviously have a lovely view here of the park...
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more hard hitting journalism


I always felt SF was less expensive than NYC/Brooklyn
 
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Payday23

Payday23

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ADevilYouKhow said:
www.cnbc.com

This family left the U.S. and bought an apartment in Portugal for $534,000—look inside their 400-year-old home

In 2015, Alex Trias and his family took a leap of faith and purchased an apartment in Lisbon, Portugal. Since then, they've spend roughly $200,000 on renovations. Now retired, the couple has no regrets about leaving the U.S. Here's a look inside their 400-year-old 2-bedroom, 1,300-square-feet home.
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This is the exception not the rule
Nice story though
 
shonuff

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ADevilYouKhow said:
Just good to keep an open mind and know there are alternatives out there
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well to be frank its was only and alternative because they had a 600k house in the first place

and to be honest - at their income level - its not diffcult for THEM to find a home even here in the US

the problem is someone earning even a low six figure salery is hard pressed to buy a home unless its through a program.

ultimately it boils down to what i cited before- there are simply too many people looking for homes and not enough homes for the number of people that need to buy except for those that are well off.

for the amount of homes needed at the price needed to be "affordable" at this rate the market would have to be in collapse.

i dont see them collapsing the housing market anytime soon.
 
ADevilYouKhow

ADevilYouKhow

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shonuff said:
well to be frank its was only and alternative because they had a 600k house in the first place

and to be honest - at their income level - its not diffcult for THEM to find a home even here in the US

the problem is someone earning even a low six figure salery is hard pressed to buy a home unless its through a program.

ultimately it boils down to what i cited before- there are simply too many people looking for homes and not enough homes for the number of people that need to buy except for those that are well off.

for the amount of homes needed at the price needed to be "affordable" at this rate the market would have to be in collapse.

i dont see them collapsing the housing market anytime soon.
Click to expand...

Agreed. You can find places abroad for much cheaper 150-300k even in Europe.

Covid killed a lot of people and boomers will eventually start to die off and or go to nursing homes.

The issue really is about lack of supply in desirable locations with good jobs. There is plenty of actual housing in the county the problem is it’s in dying rural communities and cities.

The federal and state government could address this but people have to want it…
 
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