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And why were 20 year olds making $6000 a month selling houses? These are people with hardly any experience in life and they were making that kinda money? That's just wrong because people that young shouldn't start life out that way when their isn't any education or experience to justify it.
Flash forward to 2017. How many 20 year olds have been making $6000+ a month selling real estate?
Why were they making that much? Because they were *earning* it. They saw an opportunity and took it. You're lumping together 20 year-olds by their age, despite knowing that one set was earning $6K/mo. and another set was earning $1200/mo., at most. Why?
I know probably half a dozen young people, personally, who went into real estate rather than going to college. Learning a trade IS the education and gaining of experience, which eventually earns them the pay to justify it. It has nothing to do with their age. They have the skills to earn their wage.
Then what was the "etc " you wrote after those cities referring too?
Picking out just 3 or 4 cities doesn't cover all the choices one has in this country.
Didn't say it covered the entire country thus the etc. There are places you've never heard of like Skaneateles, NY, Cazenovia, NY, Clifton Park, NY, Aiken, SC, Augusta, GA, etc. where you will find numerous $500K homes. They ARE all over the country.
Flash forward to 2017. How many 20 year olds have been making $6000+ a month selling real estate? I've been noticing an over abundance of nice cars on the road the last few years too. It does appear were headed for another market crash. But this one will be worse than 2008 because the jobs these people are working are low paying, part-time jobs created the last 5 years.
This is mostly mindless babble. You present absolutely no evidence to point to an 'imminent crash' <ahem> other than jealous anecdotes.
Here's a real world update for you, soldier. There are people younger than you and I making ten times as much money per *month*, let alone per year. Who cares. It doesn't mean the world is going to end ROTFL.
Why were they making that much? Because they were *earning* it. They saw an opportunity and took it. You're lumping together 20 year-olds by their age, despite knowing that one set was earning $6K/mo. and another set was earning $1200/mo., at most. Why?
I know probably half a dozen young people, personally, who went into real estate rather than going to college. Learning a trade IS the education and gaining of experience, which eventually earns them the pay to justify it. It has nothing to do with their age. They have the skills to earn their wage.
Precisely. FWIW, I have friends who made their money over time 'slugging away' in the hospital as doctors. Others without the pedigree opted to run with their ideas and ended up creating lucrative business opportunities over a much shorter period. <shrug> Nothing much to see here folks...
Location: In a city within a state where politicians come to get their PHDs in Corruption
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Quote:
Originally Posted by American Expat
Couple of thoughts:
1) Cali at least in the best areas has been expensive for decades and it's due to having the best climate, beaches, mountains, and a strong economy.
2) Low interest rates combined with a very strong area economy has allowed the Bay Area to get very expensive. I would expect that if the economy stumbled or interest rates rise significantly, it could cause a bubble to burst there.
3) For young families, it's very tough to buy a house in the hot areas so I can understand those deciding to leave.
4) I considered locating in Cali several times and we would have probably been fine but we wouldn't have had as good of a living and house. I would have enjoyed the climate and hated the taxes and traffic.
I lived in Bay area when I was in grad school, and have a client out there. Unless you're right on the coast, or in the vineyards far away from employment centers, Bay area at least to me is as ugly as it gets. Scenery is brown, roads are congested, almost every house that's considered "normal" looks like a single wide or at best a double wide trailer, schools are sub-par, wages for every day work haven't kept up with the increase in housing costs, and petty crime is everywhere.
East bay looks exactly like Jo'burg to me, for any of you that have ever been there.
This is what a borderless country looks like when Obama said that. It means foreigners can come to the US and buy up properties using cash and run up the real estate values.
This is what a borderless country looks like when Obama said that. It means foreigners can come to the US and buy up properties using cash and run up the real estate values.
In L.A they are very active in developing property now too .
China isn't really our friend and the businessmen pretty much all seem to be hooked up with the government
Yea but where do all the people live who are doing their nails and making their coffee?
In rentals in the less desirable areas.
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