What are your thoughts? Housing going UP or DOWN?

[capeman]

I’m in escrow on my first home right now so I can say with high confidence that housing is going down…

[CA renter]

[quote=capeman]I’m in escrow on my first home right now so I can say with high confidence that housing is going down…[/quote]

Congratulations, capeman! 🙂

Let us know the details when it closes.

Hope you enjoy your new home.

[CA renter]

[quote=capeman]I’m in escrow on my first home right now so I can say with high confidence that housing is going down…[/quote]

Congratulations, capeman! 🙂

Let us know the details when it closes.

Hope you enjoy your new home.

[CA renter]

[quote=capeman]I’m in escrow on my first home right now so I can say with high confidence that housing is going down…[/quote]

Congratulations, capeman! 🙂

Let us know the details when it closes.

Hope you enjoy your new home.

[CA renter]

[quote=capeman]I’m in escrow on my first home right now so I can say with high confidence that housing is going down…[/quote]

Congratulations, capeman! 🙂

Let us know the details when it closes.

Hope you enjoy your new home.

[CA renter]

[quote=capeman]I’m in escrow on my first home right now so I can say with high confidence that housing is going down…[/quote]

Congratulations, capeman! 🙂

Let us know the details when it closes.

Hope you enjoy your new home.

[CA renter]

[quote=bearishgurl]
I agree that the “under 40” generation (maybe even a little older than that) typically does NOT want mom and dad’s 50’s to 70’s rambling ranch or large two story on a large lot. They’re not wired for CAT-5 and the under 40 crowd, in particular, cannot envision what the place would look like with a minor or slightly major facelift and xeriscape (to save water). It seems they would rather live further out of town in a “planned community” and pay MR and HOA. This is sad to me because most of these large suburban houses in CA to be dumped by downsizing baby boomers and even depresssion-era owners (born abt. 1930-1945) in the coming years are situated on large lots in some of the BEST and FINEST locations in the state which can never be duplicated :={[/quote]

As buyers who are looking specifically for a ranch style home on a large lot, I can assure you that there is LOTS of demand for these homes. We can’t even get our foot in the door when one of these comes up, as there are always multiple offers and plenty of buyers who are more than willing to pay premium price (even above “peak” prices) for these homes.

[CA renter]

[quote=bearishgurl]
I agree that the “under 40” generation (maybe even a little older than that) typically does NOT want mom and dad’s 50’s to 70’s rambling ranch or large two story on a large lot. They’re not wired for CAT-5 and the under 40 crowd, in particular, cannot envision what the place would look like with a minor or slightly major facelift and xeriscape (to save water). It seems they would rather live further out of town in a “planned community” and pay MR and HOA. This is sad to me because most of these large suburban houses in CA to be dumped by downsizing baby boomers and even depresssion-era owners (born abt. 1930-1945) in the coming years are situated on large lots in some of the BEST and FINEST locations in the state which can never be duplicated :={[/quote]

As buyers who are looking specifically for a ranch style home on a large lot, I can assure you that there is LOTS of demand for these homes. We can’t even get our foot in the door when one of these comes up, as there are always multiple offers and plenty of buyers who are more than willing to pay premium price (even above “peak” prices) for these homes.

[CA renter]

[quote=bearishgurl]
I agree that the “under 40” generation (maybe even a little older than that) typically does NOT want mom and dad’s 50’s to 70’s rambling ranch or large two story on a large lot. They’re not wired for CAT-5 and the under 40 crowd, in particular, cannot envision what the place would look like with a minor or slightly major facelift and xeriscape (to save water). It seems they would rather live further out of town in a “planned community” and pay MR and HOA. This is sad to me because most of these large suburban houses in CA to be dumped by downsizing baby boomers and even depresssion-era owners (born abt. 1930-1945) in the coming years are situated on large lots in some of the BEST and FINEST locations in the state which can never be duplicated :={[/quote]

As buyers who are looking specifically for a ranch style home on a large lot, I can assure you that there is LOTS of demand for these homes. We can’t even get our foot in the door when one of these comes up, as there are always multiple offers and plenty of buyers who are more than willing to pay premium price (even above “peak” prices) for these homes.

[CA renter]

[quote=bearishgurl]
I agree that the “under 40” generation (maybe even a little older than that) typically does NOT want mom and dad’s 50’s to 70’s rambling ranch or large two story on a large lot. They’re not wired for CAT-5 and the under 40 crowd, in particular, cannot envision what the place would look like with a minor or slightly major facelift and xeriscape (to save water). It seems they would rather live further out of town in a “planned community” and pay MR and HOA. This is sad to me because most of these large suburban houses in CA to be dumped by downsizing baby boomers and even depresssion-era owners (born abt. 1930-1945) in the coming years are situated on large lots in some of the BEST and FINEST locations in the state which can never be duplicated :={[/quote]

As buyers who are looking specifically for a ranch style home on a large lot, I can assure you that there is LOTS of demand for these homes. We can’t even get our foot in the door when one of these comes up, as there are always multiple offers and plenty of buyers who are more than willing to pay premium price (even above “peak” prices) for these homes.

[CA renter]

[quote=bearishgurl]
I agree that the “under 40” generation (maybe even a little older than that) typically does NOT want mom and dad’s 50’s to 70’s rambling ranch or large two story on a large lot. They’re not wired for CAT-5 and the under 40 crowd, in particular, cannot envision what the place would look like with a minor or slightly major facelift and xeriscape (to save water). It seems they would rather live further out of town in a “planned community” and pay MR and HOA. This is sad to me because most of these large suburban houses in CA to be dumped by downsizing baby boomers and even depresssion-era owners (born abt. 1930-1945) in the coming years are situated on large lots in some of the BEST and FINEST locations in the state which can never be duplicated :={[/quote]

As buyers who are looking specifically for a ranch style home on a large lot, I can assure you that there is LOTS of demand for these homes. We can’t even get our foot in the door when one of these comes up, as there are always multiple offers and plenty of buyers who are more than willing to pay premium price (even above “peak” prices) for these homes.

[an]

Talking about the Boomer generation having more debt than assets. What about the Boomer 1st gen immigrants who worked really hard and saved like the “Greatest Generation”? I know a few who falls into this category. They came to this country with nothing more than the clothes on their back and the drive to succeed. They will out save almost anyone, including the “Greatest Generation”. Even when they have hundreds of thousands to millions, they’re still spending like they have nothing or will having nothing. Food that people eat during the depression are the food that some eat today, although they’re more than capable of affording much better.

These are the people who instill education is the key for success to their children as well. Many of their children are doing decently for themselves, with profession ranging from engineers, to optometrists, to pharmacists, to doctors, to lawyers. These 1st gen immigrants will have no problem assisting their children with the $ for down payment either, and many do give their children the $ for a down payment. Many of their children won’t have student loans, especially ones that get $ for down payment. Although it takes time (generations) to build up family wealth, a lot of these 1st gen immigrants are putting down the foundation for their future generations to build upon.

This is just a small group of people, I’m sure. But like sdrealtor said, it’s another drop in the bucket. With enough drops and the bucket will be full.

[an]

Talking about the Boomer generation having more debt than assets. What about the Boomer 1st gen immigrants who worked really hard and saved like the “Greatest Generation”? I know a few who falls into this category. They came to this country with nothing more than the clothes on their back and the drive to succeed. They will out save almost anyone, including the “Greatest Generation”. Even when they have hundreds of thousands to millions, they’re still spending like they have nothing or will having nothing. Food that people eat during the depression are the food that some eat today, although they’re more than capable of affording much better.

These are the people who instill education is the key for success to their children as well. Many of their children are doing decently for themselves, with profession ranging from engineers, to optometrists, to pharmacists, to doctors, to lawyers. These 1st gen immigrants will have no problem assisting their children with the $ for down payment either, and many do give their children the $ for a down payment. Many of their children won’t have student loans, especially ones that get $ for down payment. Although it takes time (generations) to build up family wealth, a lot of these 1st gen immigrants are putting down the foundation for their future generations to build upon.

This is just a small group of people, I’m sure. But like sdrealtor said, it’s another drop in the bucket. With enough drops and the bucket will be full.

[an]

Talking about the Boomer generation having more debt than assets. What about the Boomer 1st gen immigrants who worked really hard and saved like the “Greatest Generation”? I know a few who falls into this category. They came to this country with nothing more than the clothes on their back and the drive to succeed. They will out save almost anyone, including the “Greatest Generation”. Even when they have hundreds of thousands to millions, they’re still spending like they have nothing or will having nothing. Food that people eat during the depression are the food that some eat today, although they’re more than capable of affording much better.

These are the people who instill education is the key for success to their children as well. Many of their children are doing decently for themselves, with profession ranging from engineers, to optometrists, to pharmacists, to doctors, to lawyers. These 1st gen immigrants will have no problem assisting their children with the $ for down payment either, and many do give their children the $ for a down payment. Many of their children won’t have student loans, especially ones that get $ for down payment. Although it takes time (generations) to build up family wealth, a lot of these 1st gen immigrants are putting down the foundation for their future generations to build upon.

This is just a small group of people, I’m sure. But like sdrealtor said, it’s another drop in the bucket. With enough drops and the bucket will be full.

[an]

Talking about the Boomer generation having more debt than assets. What about the Boomer 1st gen immigrants who worked really hard and saved like the “Greatest Generation”? I know a few who falls into this category. They came to this country with nothing more than the clothes on their back and the drive to succeed. They will out save almost anyone, including the “Greatest Generation”. Even when they have hundreds of thousands to millions, they’re still spending like they have nothing or will having nothing. Food that people eat during the depression are the food that some eat today, although they’re more than capable of affording much better.

These are the people who instill education is the key for success to their children as well. Many of their children are doing decently for themselves, with profession ranging from engineers, to optometrists, to pharmacists, to doctors, to lawyers. These 1st gen immigrants will have no problem assisting their children with the $ for down payment either, and many do give their children the $ for a down payment. Many of their children won’t have student loans, especially ones that get $ for down payment. Although it takes time (generations) to build up family wealth, a lot of these 1st gen immigrants are putting down the foundation for their future generations to build upon.

This is just a small group of people, I’m sure. But like sdrealtor said, it’s another drop in the bucket. With enough drops and the bucket will be full.

[Author]

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