Shortage of Housing a result of .... (bankrupt, 2014, contractor, company)

[Ultrarunner]

Originally Posted by Perma Bear

My point is your outdated hyperbole advice is unwarranted and useless. It would be like a guy telling you to buy Cupertino land for .50 cents an acre like they did in the early 20th century.

No need to live in the past...

Current Oakland MLS search has 15 single family homes for sale under 250k...

Again... this it TODAY and Oakland is the heart of the SF Bay Area which is experiencing huge price appreciation and demand.

For some it is easier to make excuses in the face of fact.

A 200k loan at 4% interest is $955 per month.

958 106th Ave, Oakland, CA 94603 - realtor.com®

[freemkt]

Originally Posted by MrRational

350Million people require more bedrooms than 180Million

Not if they are all overstuffed with people. I live with 10 other people in a 3BR/1BA house. If we can get by without more bedrooms, why can't other people?

[Perma Bear]

Originally Posted by Ultrarunner

No need to live in the past...

Current Oakland MLS search has 15 single family homes for sale under 250k...

Again... this it TODAY and Oakland is the heart of the SF Bay Area which is experiencing huge price appreciation and demand.

For some it is easier to make excuses in the face of fact.

A 200k loan at 4% interest is $955 per month.

958 106th Ave, Oakland, CA 94603 - realtor.com®

1 dollars says that sells for much more than listing price and is probably condemned.

[freemkt]

Originally Posted by Ultrarunner

No need to live in the past...

Current Oakland MLS search has 15 single family homes for sale under 250k...

Again... this it TODAY and Oakland is the heart of the SF Bay Area which is experiencing huge price appreciation and demand.

For some it is easier to make excuses in the face of fact.

A 200k loan at 4% interest is $955 per month.

958 106th Ave, Oakland, CA 94603 - realtor.com®

What you posted isn't a link, so I googled it and found 54 listings on Redfin - of which 50 are vacant lots.

What's so great about a $955 monthly payment on a $200k loan when you can't get a loan?

[freemkt]

Originally Posted by Perma Bear

1 dollars says that sells for much more than listing price and is probably condemned.

Redfin also has that listing and it claims to be a 2/1 for $240,000.

[Perma Bear]

Originally Posted by freemkt

Redfin also has that listing and it claims to be a 2/1 for $240,000.

Yeah, generally people don't post separate prices on different sites. Even if it is below market.

[freemkt]

Originally Posted by Perma Bear

Yeah, generally people don't post separate prices on different sites. Even if it is below market.

Shrug. I did not look at the first site. Listings on multiple sites often have different info, especially when they were posted at different times.

[Perma Bear]

Originally Posted by freemkt

Shrug. I did not look at the first site. Listings on multiple sites often have different info, especially when they were posted at different times.

They want a bidding war.

[Pub-911]

All viable markets are bidding wars.

[TampaBull13]

Originally Posted by freemkt

What's so great about a $955 monthly payment on a $200k loan when you can't get a loan?

That's not an effect of the housing market/shortage