2020 Dec 14, 4:16pm
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Pair this with shit leftoid governance and I wouldn't be surprised as house prices crashing close to what they did in 2008 before the Fed stepped in, so around 40%.
It's for sale after unsuccessful attempts to rent it out for well over 3k and dumping hard and fast now
mell saysPair this with shit leftoid governance and I wouldn't be surprised as house prices crashing close to what they did in 2008 before the Fed stepped in, so around 40%.Where is Logan to tell you how wrong you are?
The suburbs look to be hitting record levels.South San Jose, tri-Valley... bidding wars and new highs.
I cannot fathom folks who need to work for a living signing up for the property tax bills at the current prices. It exceeds the mortgage payment for many sane places.Unlike a mortgage loan, you cannot pay it off.
equity upside you get here.
10-15k property taxes annually is not that much
That's good since you cannot write it all off from your federal income tax like back in the day.
Who wants to work from home (WFH) from a sinking ship or high-tax, corrupt, 3rd world shit hole state (California) ? They can move to Arizona, Nevada (i.e., Reno) or Texas.
Wolf Richter, himself a "Valley Fever" hipster, today referred to it as the "Techsodus".