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Old 07-05-2016, 02:24 PM
 
817 posts, read 754,141 times
Reputation: 810

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But two things.

#1. The way the FED is manipulating the markets, I think interest rates are going to stay low forever.

#2. There seems to be a lot more global demand for this area then there was in previous generations.

Caveats.

They are not building enough.

Water may be an issue, but enough to collapse demand? I think people would still live here even if it was flat out illegal to wash cars and water lawns. Those are just little amenities in life that have nothing to do with the actual core reasons of living in this area.
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Old 07-05-2016, 02:42 PM
 
4,213 posts, read 8,314,208 times
Reputation: 2681
Yeah I don't think things will go down.
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Old 07-05-2016, 02:43 PM
 
4,795 posts, read 4,830,199 times
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I am a real estate novice but I did just buy my first place. A 2 bedroom condo that cost 3 times what my parents new construction 3 bedroom house in FL costs. I did a lot of research and debating back and forth but everything I looked at made me believe that 5-10 years from now my place will be worth more then it is now. It probably won't more then double like it did after the last bubble burst but I can see 10-30% increase down the road and I certainly don't think it's ever going to go back to where it was 10 years ago or even 5 years ago. But like everything it's a gamble and I felt like if I didn't buy now and tried to wait that 5 year from now I wouldn't be able to afford to buy or rent in LA
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Old 07-05-2016, 02:53 PM
 
Location: South Bay
7,226 posts, read 22,212,047 times
Reputation: 3626
i don't foresee a bursting of a bubble, but I have noticed asking prices in my neighborhood dropping and corresponding selling prices at less than expected. for my own selfish reasons I'm hoping these are anomalies, but I'll have to wait and see on that. as ryanms3030 can probably attest to, it's crazy what little houses in the valley zoned to mediocre schools (at best) will go for these days.
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Old 07-05-2016, 03:55 PM
 
Location: Los Angeles
4,491 posts, read 3,937,333 times
Reputation: 14538
Quote:
Originally Posted by disgruntled la native View Post
Yeah I don't think things will go down.
Gee, that sounds SO familiar.
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Old 07-05-2016, 05:25 PM
 
271 posts, read 214,440 times
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Quote:
Originally Posted by JustMike77 View Post
Gee, that sounds SO familiar.
And you think things will go down long term?
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Old 07-05-2016, 05:33 PM
 
329 posts, read 628,725 times
Reputation: 348
Never say never. I personally don't think RE prices will plummet but I've been wrong many times before.
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Old 07-05-2016, 05:37 PM
 
Location: Missouri
1,875 posts, read 1,329,087 times
Reputation: 3117
"...Its different this time...."
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Old 07-05-2016, 05:57 PM
 
4,235 posts, read 14,072,580 times
Reputation: 4253
Lots $1500 and up....

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Old 07-05-2016, 06:03 PM
 
Location: Los Angeles (Native)
25,303 posts, read 21,489,582 times
Reputation: 12319
Home prices will go down at some point , questions are
When ?
How much will they go down ?
Good thing with real estate is prices usually don't go up or down so quick .
Stocks are another story
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