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someone explain how so many people are buying $3-4 million houses

i dont understand this, there aren't that many people who ca...
thriller area tank
  08/15/18
lots of people can afford that. most people are rich, bro
Curious Pit Immigrant
  08/15/18
Around 20-25% of them are in fact all cash buyers. I'd g...
nighttime site boiling water
  08/15/18
jfc
thriller area tank
  08/15/18
are you not familiar with ACCB
hideous cheese-eating striped hyena multi-billionaire
  08/15/18
interest-only loans
Concupiscible Bonkers Whorehouse Hominid
  08/15/18
Smart
mind-boggling deep brethren
  08/15/18
I used to drive around west Los Angeles and marvel at the sh...
supple lodge
  08/15/18
it doesnt make any sense
thriller area tank
  08/15/18
http://ontheworldmap.com/china/china-location-on-the-asia-ma...
Arousing candlestick maker regret
  08/15/18
...
racy lavender cruise ship son of senegal
  08/15/18
...
gold bat-shit-crazy feces hall
  08/16/18
They're all going to be sold for much cheaper in the next re...
laughsome cordovan crackhouse hairy legs
  08/15/18
You bought a house a while ago, you sold it for $1 million. ...
mind-boggling deep brethren
  08/15/18
congrats! your property taxes alone are now $50k.
thriller area tank
  08/15/18
Spreadsheet says you can afford it! Here are the keys!
mind-boggling deep brethren
  08/15/18
they're all egeneral contractors who made their money buildi...
Kink-friendly piazza sneaky criminal
  08/15/18
...
brilliant violent parlour puppy
  08/16/18
can confirm at least a thousand of these homes near me and a...
sinister unhinged codepig
  08/15/18
(((leveraged))) to the hilt
dull church building
  08/15/18
...
thriller area tank
  08/16/18
there are tens of thousands of big law attorneys, tens of th...
Cracking Place Of Business Chad
  08/16/18
Salarycucks cant really afford 3m dollar homes.
hideous cheese-eating striped hyena multi-billionaire
  08/16/18
In general you’re right but it depends what you mean by “aff...
Geriatric khaki location mental disorder
  08/16/18
Retarded to take significant debt to pay for a house like th...
laughsome cordovan crackhouse hairy legs
  08/17/18
My friend lives near Fort Lauderdale which is fine but not s...
Geriatric khaki location mental disorder
  08/16/18
Boat salesmen?
supple lodge
  08/16/18
...
alcoholic judgmental public bath water buffalo
  08/16/18
santa monica is now basically all .01%-rich or elite foreign...
Ebony Tanning Salon Scourge Upon The Earth
  08/17/18
All cash Chinese buyers
iridescent stain heaven
  08/17/18
30 year old boomers
Pea-brained zombie-like halford telephone
  08/17/18


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Reply Favorite

Date: August 15th, 2018 2:45 PM
Author: thriller area tank

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

(http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36621589)



Reply Favorite

Date: August 15th, 2018 2:46 PM
Author: Curious Pit Immigrant

lots of people can afford that. most people are rich, bro

(http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36621597)



Reply Favorite

Date: August 15th, 2018 2:49 PM
Author: nighttime site boiling water

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.

(http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36621609)



Reply Favorite

Date: August 15th, 2018 2:50 PM
Author: thriller area tank

jfc

(http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36621624)



Reply Favorite

Date: August 15th, 2018 2:50 PM
Author: hideous cheese-eating striped hyena multi-billionaire

are you not familiar with ACCB

(http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36621617)



Reply Favorite

Date: August 15th, 2018 2:51 PM
Author: Concupiscible Bonkers Whorehouse Hominid

interest-only loans

(http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36621628)



Reply Favorite

Date: August 15th, 2018 6:07 PM
Author: mind-boggling deep brethren

Smart

(http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36622791)



Reply Favorite

Date: August 15th, 2018 2:52 PM
Author: supple lodge

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)



Reply Favorite

Date: August 15th, 2018 2:53 PM
Author: thriller area tank

it doesnt make any sense

(http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36621644)



Reply Favorite

Date: August 15th, 2018 2:52 PM
Author: Arousing candlestick maker regret

http://ontheworldmap.com/china/china-location-on-the-asia-map.jpg

(http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36621640)



Reply Favorite

Date: August 15th, 2018 6:06 PM
Author: racy lavender cruise ship son of senegal



(http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36622783)



Reply Favorite

Date: August 16th, 2018 12:46 AM
Author: gold bat-shit-crazy feces hall



(http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36624976)



Reply Favorite

Date: August 15th, 2018 6:05 PM
Author: laughsome cordovan crackhouse hairy legs

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)



Reply Favorite

Date: August 15th, 2018 6:06 PM
Author: mind-boggling deep brethren

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)



Reply Favorite

Date: August 15th, 2018 6:16 PM
Author: thriller area tank

congrats! your property taxes alone are now $50k.

(http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36622832)



Reply Favorite

Date: August 15th, 2018 6:16 PM
Author: mind-boggling deep brethren

Spreadsheet says you can afford it! Here are the keys!

(http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36622836)



Reply Favorite

Date: August 15th, 2018 6:07 PM
Author: Kink-friendly piazza sneaky criminal

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)



Reply Favorite

Date: August 16th, 2018 12:51 AM
Author: brilliant violent parlour puppy



(http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36624996)



Reply Favorite

Date: August 15th, 2018 6:08 PM
Author: sinister unhinged codepig

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)



Reply Favorite

Date: August 15th, 2018 6:16 PM
Author: dull church building

(((leveraged))) to the hilt

(http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36622834)



Reply Favorite

Date: August 16th, 2018 12:41 AM
Author: thriller area tank



(http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36624943)



Reply Favorite

Date: August 16th, 2018 12:50 AM
Author: Cracking Place Of Business Chad

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.

(http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36624991)



Reply Favorite

Date: August 16th, 2018 8:05 AM
Author: hideous cheese-eating striped hyena multi-billionaire

Salarycucks cant really afford 3m dollar homes.

(http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36625622)



Reply Favorite

Date: August 16th, 2018 8:44 AM
Author: Geriatric khaki location mental disorder

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)



Reply Favorite

Date: August 17th, 2018 1:44 PM
Author: laughsome cordovan crackhouse hairy legs

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.

(http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36633406)



Reply Favorite

Date: August 16th, 2018 8:43 AM
Author: Geriatric khaki location mental disorder

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)



Reply Favorite

Date: August 16th, 2018 10:35 AM
Author: supple lodge

Boat salesmen?

(http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36626020)



Reply Favorite

Date: August 16th, 2018 8:46 AM
Author: alcoholic judgmental public bath water buffalo



(http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36625669)



Reply Favorite

Date: August 17th, 2018 1:49 PM
Author: Ebony Tanning Salon Scourge Upon The Earth

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)



Reply Favorite

Date: August 17th, 2018 1:51 PM
Author: iridescent stain heaven

All cash Chinese buyers

(http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36633453)



Reply Favorite

Date: August 17th, 2018 1:53 PM
Author: Pea-brained zombie-like halford telephone

30 year old boomers

(http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36633463)