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  • September 26, 2016 at 2:47 PM #22139
    Escoguy
    Participant

    Would be interesting to know what the data was for this in SD county:

    http://www.bloomberg.com/news/articles/2016-09-26/your-first-home-might-be-your-last

    Might explain a lot as buyers focus on getting “the one”.

    September 26, 2016 at 4:41 PM #801538
    XBoxBoy
    Participant

    Amazing! A thread on piggington about home ownership! What will they think of next.

    Actually, thanks for posting this link, a really interesting article. Too bad it doesn’t give more data or go into detail. Would be well worth knowing if this trend was going on in San Diego as well. My hunch is that in San Diego due to the price rises those who would normally be move up buyers can’t afford to. Heck, I know in my neighborhood most people couldn’t even get close to buying the house they currently own.

    September 26, 2016 at 8:05 PM #801542
    moneymaker
    Participant

    Good article reinforces how I feel about the lack of starter homes (especially new ones) in San Diego.

    September 26, 2016 at 8:15 PM #801543
    FlyerInHi
    Guest

    Some reasons.
    – more expensive houses as proportion of income.
    – desirable cities are getting built out and people who already own don’t want to move to newly built areas. A reversal is a phenomenon of decades past.
    – tech jobs require a more urban environment that newly developed cities don’t provide.

    September 26, 2016 at 8:42 PM #801544
    no_such_reality
    Participant

    Chart correlates to the bubble chart. Post bubble buyers gained equity, but move up homes gained even faster and leverage worked against them. Bubble buyers are just now getting back to were they were.

    September 26, 2016 at 9:25 PM #801545
    bewildering
    Participant

    I hate truncated graphs. And what was the point in truncating this particular graph?
    https://en.wikipedia.org/wiki/Misleading_graph#Truncated_graph

    September 28, 2016 at 1:23 PM #801582
    sdsurfer
    Participant

    [quote=bewildering]I hate truncated graphs. And what was the point in truncating this particular graph?
    https://en.wikipedia.org/wiki/Misleading_graph#Truncated_graph%5B/quote%5D

    I never even thought about it, but I completely agree with you. I’ve always felt similar about the median. One inexpensive or very expensive sale throws the whole thing off.

    The supply and demand aspect of the article is very compelling. Another reason that unless we get more entry level supply prices will sustain themselves unless people move.

    I actually kinda dig the “one and done” mentality. Unfortunately, I’d imagine most are not doing it by choice though. Reminds me of my grandparents where they added a room as needed when the family grew, but never financed anything in their lives.

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