[thebazman]

I would be curious to know how many more investors, landlords, and vacation home / pied a terre` owners there are compared to the 50’s when homeowners primarily bought SFR’s for their families. I’m no economist or finance major but I’m sure this must have some effect on supply and demand for starter homes.

Who wouldn’t want to have their home make money for themselves during retirement or instead of 9-5 job?

FYI I had my chance to buy one in 2010. I’m sure there are many others who were too picky like myself and didn’t realize what a good opportunity that would be to combat rising rent prices in the future.

[thebazman]

“Keep Your Home, California.”

[thebazman]

True, the definition of “unaffordable” varies from person to person. For myself, being pre-approved for $250,000, single-family homes in the city are out of reach. For the average home buyers with a 300K to 600K budget, there are still plenty of affordable homes.

But I admit, I take responsibility for not buying when I had the chance. I’m just happy to still be living in San Diego.

[thebazman]

Thank you for the graph, Rich, I guess I had forgotten. It looks like we still have quite a ways to go.

[thebazman]

Per the article,

“Rising prices also encourage more would-be buyers to purchase homes, before prices rise further.”

If the price trends continue, people may truly be priced out of buying homes.

[thebazman]

[quote=earlyretirement]Home prices at 4.5 year high.

http://www.utsandiego.com/news/2013/may/29/tp-home-prices-hit-45-year-high/%5B/quote%5D

Maybe those people buying at “record highs” from 2003 to 2007 weren’t crazy after all. It’s just like riding out the highs and lows of the stock market. This looks almost the same as what my 401(k) did a few years ago.

I’m being slightly sarcastic, but there might be some truth there if the prices stay on the current trajectory.

Thanks for the link to the article.

[thebazman]

So just to clarify, these people have the income necessary to pay the mortgage and associated fees each month, but not the credit score to qualify? Hopefully, loan officers will not be pushing interest-only loans to people again, even if they don’t currently earn enough money to pay the conventional principal and interest payment each month.

[thebazman]

Can you get a loan from family for the down payment? They could work it like an investment and if you ever sell they could take part of the profit.

[thebazman]

Can you get a loan from family for the down payment? They could work it like an investment and if you ever sell they could take part of the profit.

[thebazman]

Can you get a loan from family for the down payment? They could work it like an investment and if you ever sell they could take part of the profit.

[thebazman]

Can you get a loan from family for the down payment? They could work it like an investment and if you ever sell they could take part of the profit.

[thebazman]

Can you get a loan from family for the down payment? They could work it like an investment and if you ever sell they could take part of the profit.

[thebazman]

I believe that once people realize that these bulk sales are not going to stop, they will start buying just to get in on a “piece of the action” and real estate agents will become VERY busy.

[thebazman]

I believe that once people realize that these bulk sales are not going to stop, they will start buying just to get in on a “piece of the action” and real estate agents will become VERY busy.

[thebazman]

I believe that once people realize that these bulk sales are not going to stop, they will start buying just to get in on a “piece of the action” and real estate agents will become VERY busy.

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