Only 1/3 Californians can afford a home.
http://www.doctorhousingbubble.com/california-housing-affordability...
<p>The housing market is definitely softening. Sales are slowing down, price reductions are increasing, and affordability has decreased dramatically because of spiking interest rates. The problem with relying with artificial stimulus is that the market becomes conditioned to easy money. A recent survey found that only 1 out of 3 Californians had the means to purchase a home, down from 49 percent one year ago.</p>
<p>The housing market is definitely softening. Sales are slowing down, price reductions are increasing, and affordability has decreased dramatically because of spiking interest rates. The problem with relying with artificial stimulus is that the market becomes conditioned to easy money. A recent survey found that only 1 out of 3 Californians had the means to purchase a home, down from 49 percent one year ago.</p>
Replies to This Discussion
-
Permalink Reply by Central Scrutinizer on
-
i believe it...my 2 bedroom on Sunset and Highland was $2100/mo just to rent....and that was 20 years ago....can imagine what the slumlords of Cali want now...last stand Santa Monica was the only rent-controlled area left, wonder if that now went in the trash???
-
Permalink Reply by Deep Space on
-
For $2100/month you should be able to burn it down if you feel like it.
-
Permalink Reply by joe banana on
-
Only 1 in 3 Californians have a job.
-
-
There must be really good fishing on the beach there to support so many people
hmm, they aren't fishing
Ohhh, I see
Ahhh, now I get it
-
-
Glows in the dark too.
"Destroying the New World Order"
THANK YOU FOR SUPPORTING THE SITE!
Latest Activity
- Top News
- Everything
A Prelude to WW III ? It Seems There We Are Trailblazing Idiocy into More Blood and Destruction!
They're rolling out the 25th Amendment trying to stop Joe Biden from insanely thrusting the US in a…See More
Chris Langan - The Interview THEY Didn't Want You To See - CTMU [Full Version; Timestamps]
DW Description: Chris Langan is known to have the highest IQ in the world, somewhere between 195 and 210. To give you an idea of what this means, the average...
RFK Jr. Appoinment Rocks the World of the Federal Health Agncies and The Big Pharma Profits!
The Appointment by Trump as Secretary of HHS has sent shockwaves through the federal government…See More
Somewhere in California.
Tom Waites and Iggy Pop meet in a midnight diner in Jim Jarmusch's 2003 film Coffee and Cigarettes.
Whatever Happened?
Whatever Happened? The unsung heroes will go about their dayRegardless of the welcome they've…See More
"cheeki kea Nice work! Thank you! "
"Chin up folks, once the low hanging fruit gets picked off a clearer view will reveal the higher…"
"Your right LP it's insane for sure and hopefully improbable, keeping an open mind. Checking…"
"The white dude in the center is Bill Gates!!! "
"How can this scoundrel walk free? Because he's just one of the many similar ones."
© 2024 Created by truth.
Powered by
