Miami is going down, San Francisco is going down, LA is going down and once they do it will soon follow. I just don’t see how this all stabilizes. I’m from San Jose, Ca and my best friend owns a 1500sqft home built in 1961 and it could sell for 1.5 million. It’s just too far gone
I’m in Vancouver Canada and it’s the same here! It’s so unaffordable. A tear down house here is $1.7M. Absolutely insane! I really hope there is a correction as it’s very difficult for average people to buy.
@@jamierwegner I know the crash in 08 gave me the ability to even buy my first home then I got lucky and got 2 more right before the pandemic hit. I look at the margins on any property and it’s just not there. Regular folks like us won’t even look for investments anymore. I’m just lucky I got in when I did. I have 2 rentals and each give me over a 50 margin after everything. My house I live is smaller than both and I pay double the rate. Idk man, idk. At this point I have my homes to give to my kids so they can have their own place I guess
@@michealknight3776 wow you timed it just right! Good for you man! I’m glad you were able to acquire property like that. What stands out to me is you talked about helping your kids. That is solid. Most people that I work with in Vancouver trying to get into the market usually have help from family or it’s literally impossible!
