I have also wondered who buys these $1M+ homes. I have always wondered how people deal with these extraordinary house payments (PITI) for so long as well. Let’s say typically for 30 years. Especially in the job market these days. There is no such thing as a secure job these days. So a household has to drop $4K+/month for a average tract home for 30 years. To me it seems hard to convince myself I can keep up these extraordinary payments for the next 30 years even if today I can. Then I ask myself why I would want to put myself through such anyway. Is that average tract home in CV really worth practically every dime I may make for the next 30 years?
I guess for me it seems to be a quality of life thing. The house owns me; not me owning the house.
I would guess that some of the buyers do not have a house payment. If you have to make one of those mega payments, I agree with you that the house owns you. The tax write off is nice, but who knows if that loop hole will exist for the next 30 years. I do not even like having a car payment. The decline in over priced houses will be a good thing in the long run for San Diego.
I would guess that some of the buyers do not have a house payment. If you have to make one of those mega payments, I agree with you that the house owns you. The tax write off is nice, but who knows if that loop hole will exist for the next 30 years. I do not even like having a car payment. The decline in over priced houses will be a good thing in the long run for San Diego.
I would guess that some of the buyers do not have a house payment. If you have to make one of those mega payments, I agree with you that the house owns you. The tax write off is nice, but who knows if that loop hole will exist for the next 30 years. I do not even like having a car payment. The decline in over priced houses will be a good thing in the long run for San Diego.
I would guess that some of the buyers do not have a house payment. If you have to make one of those mega payments, I agree with you that the house owns you. The tax write off is nice, but who knows if that loop hole will exist for the next 30 years. I do not even like having a car payment. The decline in over priced houses will be a good thing in the long run for San Diego.
I would guess that some of the buyers do not have a house payment. If you have to make one of those mega payments, I agree with you that the house owns you. The tax write off is nice, but who knows if that loop hole will exist for the next 30 years. I do not even like having a car payment. The decline in over priced houses will be a good thing in the long run for San Diego.
