[quote=anxvariety]Prepare to be much poorer no matter the strategy. The bubble fills to get as many people locked into to interest paying contracts as possible, before deflating rapidly.. those with interest paying agreements will unfortunately pay for all the fun over the last decade or so. See Weimar, rations were implemented so # of ‘dollars’ didn’t really matter much unless spending a few hundred for some butter on the black market. The interest paying bagholders, and those charlatans telling others its a good time to buy are agents of inflation.. and ‘we all falll dowwnnn’. “but but I thought that loans were going to be easier to pay back with inflation!” “well, the inflation already occurred no one told you about this next part? its great and all that you have 1% interest but you paid 1 million for a 1000 sq ft ‘crap shack'”.[/quote]
huh? Bay area folks have been use to paying $1million for a crap shack for decades.
The issue right now is lack of inventory.
And one thing a few were discussing. Another reason not to sell. High capital gains taxes. Federal + state taxes combined being 30%, you’re better off borrowing against the equity than to sell.
That’s the irony. I think one way to get more inventory and to get more people to sell is for the state to have a state capital gains holiday on home sales, instead of politicians trying to figure out more ways to tax more, lol
