I have friends trying to buy up and down the east coast and it’s the same story

Apr 9, 2021
10:35:43am

4thand19 Starter

Not that it’s Californians, but that home prices are skyrocketing and everybody is being outbid despite putting in offers well above asking price.

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4thand19

Previous username: Beat_the_U
Bio page: 4thand19
Joined: Jan 24, 2012
Last login: May 5, 2024
Total posts: 3,751 (2 FO)

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Messages

Author

Time

I don’t buy the “it’s all the Californians moving in” home price explanation.

stenso

4/9/21 10:28am

Nearly every story about what Californians are doing is social-media driven

Memmo

4/9/21 10:29am

Pretty simple economics. Utah has an abundance of jobs and relatively lower cost of living. Utah also has a shortage

RoaroftheCougartails

4/9/21 10:32am

I’ve been wondering why there isn’t a housing collapse in California

jxncoog

4/9/21 10:35am

California is a LOT larger population- small numbers leaving equal large numbers arriving in small market

BeyondTheMark

4/9/21 10:45am

I have friends trying to buy up and down the east coast and it’s the same story

4thand19

4/9/21 10:35am

We've been looking at MT, it's the same there, too. Multiple offers within days

cougarmeister

4/9/21 10:49am

Wasatch Front housing prices will rise just like the Bay Area (let me explain)

4mack

4/9/21 10:46am

The limited availability of land near SLC isn't due to Federal ownership

cougarmeister

4/9/21 10:56am

99% of those mountains are federally owned

4mack

4/9/21 11:00am

It's a geography problem, not an ownership problem.

cougarmeister

4/9/21 11:22am

There are ways around that.

stenso

4/9/21 11:07am

I think a big reason is that people don't stay put anymore. Which is funny

JAGA97

4/9/21 10:54am

It’s lending/debt.

GeraldGarner

4/9/21 10:54am

For sure. Banks are back to giving loans to people who have no business with one

JAGA97

4/9/21 10:56am

And for years now they have been selling what are basically the same investment

Nat Gas Man

4/9/21 11:18am

I mentioned yesterday that my SLC neighborhood has had a lot of turnover in the

rivercitycoug

4/9/21 10:56am

Look at this chart of Puget Sound housing prices. Our home SE of Seattle has gone up 25-30% in the past year.

Zenoch

4/9/21 11:28am

Prices are going up here in CA. On top of already

nomomtn

4/10/21 5:04pm

Well they won the lotto, but the ticket can only be cashed on the way out

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