General Discussion

Arthur_Frain

(1,873 posts)

29. Very few people really do.

Sat May 1, 2021, 12:01 PM

May 2021

Very few houses are actually worth what the market says, and this is the problem.

Unfortunately I think this bubble is going to be really bad when it pops, and judging by the ramp up in real estate prices quite recently, I predict it will be sooner, rather than later.

Much in the same way the pandemic revealed the folly of having your health insurance tied to your job, this bubble is going to destroy the old common wisdom that real estate was always a safe place to stash your savings.

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Remote workers are moving to outdoor vacation destinations [View all] Demovictory9 Apr 2021 OP

I love this development. Hope it sticks soothsayer Apr 2021 #1

My daughter just got an offer to be a senior accountant and work from home was part of the deal. Demsrule86 May 2021 #21

As a Tahoe local ...just know it is creating a serious housing/wage issue here. FirstLight Apr 2021 #2

These things should be explained when they are looking to buy JI7 Apr 2021 #3

In my south calif nextdoor group..regular topic "why dont they do something about the coyotes" Demovictory9 Apr 2021 #4

yep...and a healthy apex predator population is good for the ecosystems... FirstLight Apr 2021 #5

True, but coyotes didn't get to feed on small pets and house trash before us. tinrobot Apr 2021 #7

Yes. ShazzieB Apr 2021 #10

We have packs out in the open here in Los Angeles tinrobot May 2021 #17

Coyotes have their own internet DBoon Apr 2021 #14

Lol Demovictory9 May 2021 #19

This message was self-deleted by its author pinkstarburst May 2021 #30

I don't like this tcslee2020 Apr 2021 #6

You make some good points. And those remote workers who purchaed Demovictory9 Apr 2021 #8

I am not sure it will wind down...it saves company money. And honestly, one is more productive at Demsrule86 May 2021 #22

And that is exactly why it will. Lancero May 2021 #32

any job hat can be done remotely in the USA can also be done in the rest of the world DBoon May 2021 #15

That is true whether you work at an office or at home. Entire accounting firms have moved jobs Demsrule86 May 2021 #23

Let's see... companies pay less for employees and they also save on office rents. tinrobot May 2021 #18

Ive been trying to find work for the past year + FirstLight May 2021 #33

How does a 31 year old afford a 900K house? CurtEastPoint Apr 2021 #9

Low interest rates and a LOT of payments. roamer65 Apr 2021 #11

He works at Facebook tcslee2020 Apr 2021 #12

mortgage and property tax probably about $4000. very affordable on facebook salary Demovictory9 Apr 2021 #13

Property taxes in CA are generally 1% of purchase price DBoon May 2021 #16

Illinois. We pay more than $10,000 in real estate taxes notinkansas May 2021 #20

My daughter and her boyfriend bought a house in the Tremont area of Cleveland...nice Demsrule86 May 2021 #24

Here's how: DFW May 2021 #27

Well done! CurtEastPoint May 2021 #28

I think she must have borrowed some genes from some forgotten ancestors DFW May 2021 #31

Very few people really do. Arthur_Frain May 2021 #29

This is happening where I live. Perfect Storm. Remote workers buying properties. Roisin Ni Fiachra May 2021 #25

We were just offered $3k per month (for 7 months) for our vacation home on the Washington coast, and displacedtexan May 2021 #26