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Old 03-01-2018, 02:53 PM
 
27,486 posts, read 56,532,508 times
Reputation: 21893

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Quote:
Originally Posted by metoque View Post
Think outside the box. Many of the homes in CA are owned by foreign investors, and rich people with 2nd/3rd/4th homes. Remove those from the equation, and voila.
Some rent to families... these families would be displaced.

Wealthy areas love maintained second homes... the owners use few services yet pay taxes... the biggest cost is schools... people with second homes are not generally the ones sending kids to those schools.

Real Estate is in Vogue now... just go back 5 years to find the opposite...
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Old 03-01-2018, 09:21 PM
 
18,173 posts, read 12,529,711 times
Reputation: 9235
Quote:
Originally Posted by metoque View Post
Think outside the box. Many of the homes in CA are owned by foreign investors, and rich people with 2nd/3rd/4th homes. Remove those from the equation, and voila.
And the prices will not go down. We still have more people wanting to buy than houses available and at today's prices. If the people you talk about sold, the ones who missed out on a bid for a house will still be paying a high price for a new one on the market.
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Old 03-01-2018, 10:27 PM
 
1,598 posts, read 720,904 times
Reputation: 1035
Try my 3 ideas and see what happens. They're the right things to do anyway. At least it gets the market to be healthier than it is today.

If you have other ideas, let's hear 'em.
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Old 03-01-2018, 10:37 PM
 
Location: San Diego
824 posts, read 1,011,107 times
Reputation: 640
Quote:
Originally Posted by 1AngryTaxPayer View Post
None of that increases land available to build on here.

Ah, someone finally used the "they're not making any more land" argument!
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Old 03-01-2018, 10:41 PM
 
Location: San Diego
824 posts, read 1,011,107 times
Reputation: 640
Quote:
Originally Posted by expatCA View Post
And the prices will not go down. We still have more people wanting to buy than houses available and at today's prices. If the people you talk about sold, the ones who missed out on a bid for a house will still be paying a high price for a new one on the market.

Have any data supporting this, specifically the number of people sitting on the sidelines vs number of homes hitting the market? Without that, perhaps you should start your proclamation with "IMHO".
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Old 03-01-2018, 11:40 PM
 
1,598 posts, read 720,904 times
Reputation: 1035
Sounds like a lot of "can't do" attitudes. Either they truly don't have any ideas and just shoot down everyone else's, or they subconsciously want home prices to skyrocket because they own a home and love the huge gains and low, Prop13 property taxes. Things that make you go hmmmmm
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Old 03-02-2018, 08:39 AM
 
18,173 posts, read 12,529,711 times
Reputation: 9235
Quote:
Originally Posted by JohnAlt View Post
Have any data supporting this, specifically the number of people sitting on the sidelines vs number of homes hitting the market? Without that, perhaps you should start your proclamation with "IMHO".
Just check the statistics. More people want to buy than houses available. Bidding wars on homes, etc. Look at the number complaining here that want prices to drop so they can buy. While it may happen it is better to make more money and save. The price rises mean more people want to buy than houses available. Check a few threads here about people getting out bid by other residents.
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Old 03-02-2018, 08:42 AM
 
18,173 posts, read 12,529,711 times
Reputation: 9235
Quote:
Originally Posted by metoque View Post
Try my 3 ideas and see what happens. They're the right things to do anyway. At least it gets the market to be healthier than it is today.

If you have other ideas, let's hear 'em.
It is healthy and that is why prices are high. In an unhealthy market they would drop.
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Old 03-02-2018, 08:47 AM
 
Location: San Diego
40,469 posts, read 36,268,988 times
Reputation: 24761
Quote:
Originally Posted by JohnAlt View Post
Ah, someone finally used the "they're not making any more land" argument!
Here, give them a call to voice your complaints.


You can whine to the park ranger (619) 235-5262

https://www.sandiego.gov/park-and-recreation/parks/oscp

I mean, who needs these stupid open spaces like canyons?
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Old 03-02-2018, 08:51 AM
 
Location: San Diego
40,469 posts, read 36,268,988 times
Reputation: 24761
Quote:
Originally Posted by metoque View Post
Sounds like a lot of "can't do" attitudes. Either they truly don't have any ideas and just shoot down everyone else's, or they subconsciously want home prices to skyrocket because they own a home and love the huge gains and low, Prop13 property taxes. Things that make you go hmmmmm
If we really wanted cheaper housing we'd push for building more cheaper housing for the average person. Instead single family homes are being torn down and replaced with (usually) higher end condos. It adds density but doesn't add infrastructure to support it and most people still can't afford it.

Chasing after prop 13 is pointless.
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