they kinda self selected into buying beach front florida condos which are now falling a part. some poetic justice there as long as we don’t get stuck with the bill for their bad decisions… which i am not hopeful we will avoid.
I’m genuinely confused by your #1 question as well. We see that investors are accounting for a sizeable percentage of home purchases, but families are still buying most of the homes. I’m in a low cost of living city and see homes and condos go for half a million or more every day. Who is buying them? You’d have to be a top earner in my area to afford those homes, but the quantities just aren’t adding up. Hell I’m in the top 15% and could never afford a house for that price, and I was lucky to find something I can afford.
I doubt medical systems are good tho…
Good thing they have been voting for their own self interests then.
Boomers sold out the country so some of them can get 401ks and macmansions.
But we will pay for their social security, make no mistake
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But they don’t wanna move into those areas because of the crime and probably some racist reasons
they kinda self selected into buying beach front florida condos which are now falling a part. some poetic justice there as long as we don’t get stuck with the bill for their bad decisions… which i am not hopeful we will avoid.
Average homeowners insurance in Florida: 10k. If you can get it.
FAFO…
Shoulda stayed up north and shoveled that snow 🐸
I’m genuinely confused by your #1 question as well. We see that investors are accounting for a sizeable percentage of home purchases, but families are still buying most of the homes. I’m in a low cost of living city and see homes and condos go for half a million or more every day. Who is buying them? You’d have to be a top earner in my area to afford those homes, but the quantities just aren’t adding up. Hell I’m in the top 15% and could never afford a house for that price, and I was lucky to find something I can afford.