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Wave tour xasb and when rhe bubble burst. Maybe you too can snatch up a shitty fixer at 10% apr! Rhatbisnis black Rock doesn't beat you to it.
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Goebbels evidently you know as much about real estate as you do about fucking. Surging housing costs make it possible for people to sell at a significant profit, refinance property, or take out a home equity loan which is based on the difference between market price and mortgage due, which means they can borrow more. Historically banks do not foreclose on properties when the values are appreciating.
As for rents. The economic cost of evicting the 4.2 million Americans at risk is simply catastrophic to landlords in particular including but not limited to 4.6 billion to serve and process evictions and 50 billion in lost rent forever and repairs. Not to mention the national cost of over 4 million new homeless families.
Even if there were no economic consequences to the absence of moratoriums, the human cost chills the blood of any decent and caring American. Which obviously excludes you.
Seriously goebbels, is there anything you do not suck at?
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Hey1.
Educate me, where are you getting the figure 4.2 million will be evicted?
Likewise, where does the figure 4.6 billion to process evictions - reference please.
Loss of $50 billion? more info please.
Seems like you are trying to say, it's too expensive, so it won't happen?
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It only really matters if you're in the market to sell your home...
And then, it's a matter of what a qualified buyer is willing to pay for your home...
Until that time, it's going to fluctuate some, but mostly it's going to stay on the high side of the equation, cause the demand for the climate in SoCal is and will always be the most sought after place to live on the planet... Just go to Irvine one afternoon, and you'll see people from all over the globe that came here just to be in Irvine...
The Southwest is about to go to 100 + degrees of heat each day for the next 5 months, East of the Rockies is about to sweat their balls off with the Gulf of Mexico at 90 + plus degrees, which comes with Tornadoes and Hurricanes galore... Pacific Northwest and the Rockies have great Summer's, but their Winters are cold, wet, snowy , icy --- just not very comfortable for most folks... The truth is and will always be that SoCal weather is hard to beat and hard to leave, so real estate prices are always going to be high from the Desert to the Sea, to all of Southern Calfornia
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zillow will get you started
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" Historically banks do not foreclose on properties when the values are appreciating."
HeyI'mDumbAsFuck, banks foreclose when you don't make your payments. Maybe you know some wijgnut banker but 98% dont give a fuck whether market is appreciating or depreciating. In fact, it's better for the bank to foreclose and sell into an appreciating market, so they minimize the hit.
I bet you've never been to an auction, never had the cash necessary and never bought a foreclosure in your life. Its also very nlikely that you could read a Title report, comp a house, or fix a faucet. Everything in your post is foreclose 101 for dummies, you don't actually know shit about it. Easy to tell from your post.
This is one of those times when it's best you STFU so as to not put proof to everyone's suspicion that you're brain dead.
I guess it's too late now though.
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"All the while, the Chinese are working/saving OUR asses off."
Marty is Chinese?
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There are 7 comments on this blog. |