The most prestigious law school admissions discussion board in the world.
|
 |
 
|
someone explain how so many people are buying $3-4 million houses
Poast new message in this thread
Date: August 15th, 2018 2:45 PM Author: jade provocative lodge i dont understand this, there aren't that many people who can afford this even with family help
but these new construction houses keep being build and sold left and right |
Date: August 15th, 2018 2:46 PM Author: crusty immigrant corner lots of people can afford that. most people are rich, bro (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36621597) |
|
Date: August 15th, 2018 2:49 PM Author: Crystalline supple sound barrier Around 20-25% of them are in fact all cash buyers.
I'd guess another large portion have gigantic mortgages, most likely ARMs, and qualify based on lawyer/doctor type dual incomes. |
 |
Date: August 15th, 2018 2:50 PM Author: jade provocative lodge jfc (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36621624) |
|
Date: August 15th, 2018 2:50 PM Author: slap-happy floppy telephone are you not familiar with ACCB (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36621617) |
|
Date: August 15th, 2018 2:51 PM Author: Jet 180 School interest-only loans (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36621628) |
|
Date: August 15th, 2018 6:07 PM Author: know-it-all main people fortuitous meteor Smart (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36622791) |
|
Date: August 15th, 2018 2:52 PM Author: Free-loading Party Of The First Part I used to drive around west Los Angeles and marvel at the sheer number of people who have the money to purchase a 2m+ home. (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36621632) |
|
Date: August 15th, 2018 2:53 PM Author: jade provocative lodge it doesnt make any sense (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36621644) |
|
Date: August 15th, 2018 2:52 PM Author: Charismatic mint den http://ontheworldmap.com/china/china-location-on-the-asia-map.jpg (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36621640) |
|
Date: August 15th, 2018 6:06 PM Author: aromatic degenerate boistinker (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36622783) |
|
Date: August 16th, 2018 12:46 AM Author: Poppy Nofapping Piazza (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36624976) |
|
Date: August 15th, 2018 6:05 PM Author: marvelous fanboi They're all going to be sold for much cheaper in the next recession. (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36622780) |
|
Date: August 15th, 2018 6:06 PM Author: know-it-all main people fortuitous meteor You bought a house a while ago, you sold it for $1 million. You roll that into the new house and your HHI is $500k. (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36622787) |
|
Date: August 15th, 2018 6:16 PM Author: jade provocative lodge congrats! your property taxes alone are now $50k. (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36622832) |
|
Date: August 15th, 2018 6:16 PM Author: know-it-all main people fortuitous meteor Spreadsheet says you can afford it! Here are the keys! (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36622836) |
|
Date: August 15th, 2018 6:07 PM Author: galvanic bawdyhouse trump supporter they're all egeneral contractors who made their money building houses for other millionaires. once somebody realizes what's up the whole thing is gonna topple (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36622790) |
|
Date: August 16th, 2018 12:51 AM Author: cerise kitchen scourge upon the earth (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36624996) |
|
Date: August 15th, 2018 6:08 PM Author: Bateful digit ratio can confirm at least a thousand of these homes near me and all are bought and sold like flapjacks by boomers from new jersey and arizona. (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36622794) |
|
Date: August 15th, 2018 6:16 PM Author: Maroon soggy institution feces (((leveraged))) to the hilt (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36622834) |
|
Date: August 16th, 2018 12:41 AM Author: jade provocative lodge (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36624943) |
|
Date: August 16th, 2018 12:50 AM Author: canary skinny woman there are tens of thousands of big law attorneys, tens of thousands of doctors, tens of thousands of tech sector bros, tens of thousands of rich kids with rich parents, tens of thousands of people with 1m+ equity in their current homes that need to move.
the population is increasing and that includes the rich.
also, the economy is doing well so people have more money on paper right now. in theory the relative price of a million dollar house is much cheaper given inflation, stock growth, etc. |
|
Date: August 16th, 2018 8:05 AM Author: slap-happy floppy telephone Salarycucks cant really afford 3m dollar homes. (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36625622) |
|
Date: August 16th, 2018 8:44 AM Author: sepia comical locale toilet seat In general you’re right but it depends what you mean by “afford” (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36625667) |
|
Date: August 17th, 2018 1:44 PM Author: marvelous fanboi Retarded to take significant debt to pay for a house like that.
a) no one needs a 7 figure house anywhere, let alone a 7 figure house several times over.
b) anyone with a brain realizes the economy is doing well but it won't last forever. People who are stretching themselves to get these houses will be losing them in the next downturn. |
|
Date: August 16th, 2018 8:43 AM Author: sepia comical locale toilet seat My friend lives near Fort Lauderdale which is fine but not super fancy and you can drive around and pass canal after canal filled with 1 million+ dollar boats. And this is just what these people are spending on BOATS. Always try to figure out what all these people do for a living (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36625665) |
|
Date: August 16th, 2018 10:35 AM Author: Free-loading Party Of The First Part Boat salesmen? (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36626020) |
|
Date: August 16th, 2018 8:46 AM Author: brass community account pisswyrm (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36625669) |
|
Date: August 17th, 2018 1:49 PM Author: Tripping dilemma cumskin santa monica is now basically all .01%-rich or elite foreigners. it's absurd. like $6m for a 2000 sq ft place that isn't total shit. (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36633438) |
|
Date: August 17th, 2018 1:51 PM Author: very tactful cuck All cash Chinese buyers (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36633453) |
|
Date: August 17th, 2018 1:53 PM Author: flirting alpha 30 year old boomers (http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36633463) |