Housing analysis – Bubble 2.0

[The-Shoveler]

Wow that’s a lot of stuff to think about flu LOL.

In my simple mind I just narrow it down to are they building enough new homes to keep up with household formation. and are they building low or high end?

IMO it will take a few years yet to catch up to demand.

[Coronita]

[quote=The-Shoveler]Wow that’s a lot of stuff to think about flu LOL.

In my simple mind I just narrow it down to are they building enough new homes to keep up with household formation. and are they building low or high end?

IMO it will take a few years yet to catch up to demand.[/quote]

I don’t bother to think about, since if/when real estate corrects and I want to buy more, it will just happen but since keeping keep bringing this idea out whether its a bubble or not using just one or two things… ( home prices are high and/or inventory low)… just thought i’d throw out all the other things people probably aren’t considering but they should.

You bring up another thing though…. It’s not that builders aren’t building homes…They aren’t building enough affordable starter homes….Why aren’t builders building more affordable starter homes in SD and instead building more expensive, fatter margin homes?

[spdrun]

Other consideration: San Diego County has a significant proportion of immigrants, quite a few of them undocumented. They (currently) rent a lot of property, don’t know about owning.

Immigration policy will be significant in the next year or two.

[Coronita]

[quote=spdrun]Other consideration: San Diego County has a significant proportion of immigrants, quite a few of them undocumented. They (currently) rent a lot of property, don’t know about owning.

Immigration policy will be significant in the next year or two.[/quote]

And actually if Trump does deport some illegal aliens out of this country, then yes spdrun, you can probably find a few good deals on homes specially catering to undocumented workers on the low end near the border. That would be right up your alley, enjoy watching others screwed and equally miserable while you try profit off of it. At least though now you are admitting you would want this too happen, unlike before on a different thread you mentioned you wouldn’t want to take advantage of these people.suffering, which I thought was sort of out of character and inconsistent from the rest of your viewpoints.. You can be aspire to be exactly like Trump aas a slumlord.lol

Meanwhile, didn’t Trump crew just finish a tour in China promoting visas in exchange for $500k+ investments?

[spdrun]

Incorrect.

Actually, I have no interest in buying such a property. Just objectively stating that immigration policy may affect rents. Not only in Chula Vista and San Ysidro, but also in parts of Oceanside and Vista.

I’d sooner buy a home of a former Trump supporter who will be affected by his economic mismanagement, and rent it to a hard working refugee family. To be honest, I’m not a big fan of Americans — I get along with 1st and 2nd gen immigrants much better.

Zero love for Trump or his policies here, but facts is facts.

[Coronita]

[quote=spdrun]Incorrect.

Actually, I have no interest in buying such a property. Just objectively stating that immigration policy may affect rents. Not only in Chula Vista and San Ysidro, but also in parts of Oceanside and Vista.

I’d sooner buy a home of a former Trump supporter who will be affected by his economic mismanagement, and rent it to a hard working refugee family. To be honest, I’m not a big fan of Americans — I get along with 1st and 2nd gen immigrants much better.

Zero love for Trump or his policies here, but facts is facts.[/quote]

I am not buying it…I think you would be looking for any opportunity.

Yes, rent in that segment might be affected. Landlords that depend on renting to undocumented workers would be affected.

[spdrun]

I dislike authority and authoritarians too much to want to profit from their actions. I loved Obama because he was the first President in a long time to question authority and the law itself.

Private prison and military contractor stock is profitable, but I won’t touch it.

On the other hand, if a bad cop went to prison and got sued into bankruptcy, I’d jump at the chance to buy his home. Why? Because profitable investments that humiliate people in authority are the best kind.

[SK in CV]

[quote=flu]
Yes, rent in that segment might be affected. Landlords that depend on renting to undocumented workers would be affected.[/quote]

For what it’s worth, that’s me. The landlord, not the undocumented worker. I have a good size apartment complex that is probably 40-60% undocumented. (I’m guessing a bit, it could be more) I haven’t had a vacancy for more than 5 days in the last two years. No change in the waiting list since the beginning of the year.

[Coronita]

[quote=SK in CV][quote=flu]
Yes, rent in that segment might be affected. Landlords that depend on renting to undocumented workers would be affected.[/quote]

For what it’s worth, that’s me. The landlord, not the undocumented worker. I have a good size apartment complex that is probably 40-60% undocumented. (I’m guessing a bit, it could be more) I haven’t had a vacancy for more than 5 days in the last two years. No change in the waiting list since the beginning of the year.[/quote]

Well there you go spdrun….any more alternative facts?

I wonder what min wage will look like in a few years too. What are we at now? $15/hr in some places now?

[spdrun]

Robots don’t need health insurance.

[jjkonop]

the analysis looks quite profound. though I’m thinking there will soon appear some outside factors that will change the picture. like self-driving cars, bitcoins or robots

[Author]

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