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The-Shoveler
ParticipantLOL, I think the point TG is trying to make is these area’s (2-4 at least) tend to have young middle class families so this type of debt is not unusual.
Versus more urban area’s where there maybe a mix of more poor and homeless and in some area’s more affluent families.
In the case of area’s like San Francisco probably a mix of all + a lot young single guys with no kids (seriously I could not imagine trying to raise kids in San Fran or any similar big city downtown environment).
ParticipantMaybe they could just limit it to people with worthless degree’s that have no hope of ever paying off the loans.
That way we could encourage more people to get worthless degree’s that have no real market value.
ParticipantCan those who paid for their collage out of pocket get a refund?
Can I get a refund on my mortgage?
ParticipantAbsolutely mind-numbingly pointless.
Yes we should give the president absolute control of the central bank and EPA and zoning, plus let the prez control all money leaving or staying in the country
anything in the way gets taken over by the state.
Just kidding LOL.
Absolutely mind-numbing
ParticipantForcing your wealthy to buy your condos (can not take money out of country “well most non-well connected anyway”), it’s either take your chances with the china stock market or buy condos LOL.
Anyway I could go on but arguing with you in completely pointless, you just spin and go in circles as long as you see what you think are glorious cities.
ParticipantWhatever,
Anyway one last thing, in china you only own your house until XI says you don’t anymore.
And it is a 70 year lease, sometimes it’s yours and you’er families, sometimes it is not after that.
Depends on how well connect you are.
“there is gridlock in USA because we do have “peasants” running things”
Thank God.
ParticipantSo we should give Trump control of the central bank?
As well as all zoning and EPA for the entire USA.
(states sorry Trump is in control )As well as all investments inside or outside the USA by USA citizens.
Participantduplicate
ParticipantLOL China housing model proves home values actually can grow to the sky if they are properly managed. (30 YEARS!!!).
It goes to show you what can be achieved if you have total power over the Central bank as Well as everything else.
Your mileage may very else where.
It also proves a housing bubble is the fastest way to create a wealthy middle class, provided you can maintain the bubble.
ParticipantI was looking at the projected population growth for California between now and 2050.
It is projected to grow by approximately 25% over the next 30 years (10 million). That’s a lot of people people!
(But still an underestimate IMO).
ParticipantAN do you know what the rent is there?
If it is in line and not completely outrages for the area it could explain why.
if it is 3X times average rent for the area (or something close) then it would boggle my mind why anyone would rent there but whatever they want.
We have a recent grad driving a new Porsche working here, not something I did first starting out but maybe he has more passion for driving than I did LOL
Participant[quote=flu][quote=The-Shoveler]I would not want to be the investor in these high end downtown apartments when the fad fades, but that is just my opinion.[/quote]
There’s a need for luxury apartments, and there’s demand for it provided the economy is good.
However, I wonder once the economy turns south, just how much “luxury apartments” demand will there be.
I don’t know, I guess some people who are use to New York City rent prices might think things like One Paseo is a great deal… But exactly how many people would like to spend this much on housing that is not even their own… I don’t know.
Then again, many Americans do like bling, and how I choose to use my money isn’t necessarily representative of how most Americans use their money….[/quote]
IMO I think when it comes to the new downtown Luxury apartment fad (especially in downtown LA) it is already starting to fade (not enough Jobs near there) they have to get on a freeway and drive north to the Burbs mostly.
Maybe the same for SD downtown I don’t know.
LA was kind of developed backwards since the 60’s LOL
The Jobs and biggest companies are in the Burb’s.
A lot of the recent homelessness was caused by bad policy that forced gentrification of the downtown LA area displacing a lot of working poor, maybe it will self correct.
ParticipantI would not want to be the investor in these high end downtown apartments when the fad fades, but that is just my opinion.
Participant[quote=flu][quote=AN][quote=flu]yup…. I was saying just putting a complex that looks like high end with high end prices isn’t going to work ….[/quote]Why do you think it doesn’t work? Several of my millennial coworkers are either living there or will be living there soon.[/quote]
it won’t work for the demographics that Brian mentioned … It might work for other demographics. But then it also depends on how much over average rent is[/quote]
I had a co-worker who used to rent his high end suits and shoes while everyone else in the Office was wearing blue jeans and T-shirts.
Hard to figure what some people will spend money on.
Anyway he got laid off don’t know where he is now.
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