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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...
Glittery Organic Girlfriend
  08/15/18
lots of people can afford that. most people are rich, bro
razzle rehab
  08/15/18
Around 20-25% of them are in fact all cash buyers. I'd g...
disgusting theatre ceo
  08/15/18
jfc
Glittery Organic Girlfriend
  08/15/18
are you not familiar with ACCB
Learning disabled adventurous son of senegal
  08/15/18
interest-only loans
Wonderful Talking Scourge Upon The Earth Crotch
  08/15/18
Smart
Coral embarrassed to the bone forum circlehead
  08/15/18
I used to drive around west Los Angeles and marvel at the sh...
Supple Institution Therapy
  08/15/18
it doesnt make any sense
Glittery Organic Girlfriend
  08/15/18
http://ontheworldmap.com/china/china-location-on-the-asia-ma...
talented arrogant sandwich spot
  08/15/18
...
cream potus
  08/15/18
...
Trip chest-beating corner
  08/16/18
They're all going to be sold for much cheaper in the next re...
odious judgmental theater stage coffee pot
  08/15/18
You bought a house a while ago, you sold it for $1 million. ...
Coral embarrassed to the bone forum circlehead
  08/15/18
congrats! your property taxes alone are now $50k.
Glittery Organic Girlfriend
  08/15/18
Spreadsheet says you can afford it! Here are the keys!
Coral embarrassed to the bone forum circlehead
  08/15/18
they're all egeneral contractors who made their money buildi...
Cyan irate pozpig box office
  08/15/18
...
Multi-colored doctorate base
  08/16/18
can confirm at least a thousand of these homes near me and a...
Cordovan tripping nursing home
  08/15/18
(((leveraged))) to the hilt
Deranged shrine sweet tailpipe
  08/15/18
...
Glittery Organic Girlfriend
  08/16/18
there are tens of thousands of big law attorneys, tens of th...
Mind-boggling mental disorder
  08/16/18
Salarycucks cant really afford 3m dollar homes.
Learning disabled adventurous son of senegal
  08/16/18
In general you’re right but it depends what you mean by “aff...
haunting federal kitty
  08/16/18
Retarded to take significant debt to pay for a house like th...
odious judgmental theater stage coffee pot
  08/17/18
My friend lives near Fort Lauderdale which is fine but not s...
haunting federal kitty
  08/16/18
Boat salesmen?
Supple Institution Therapy
  08/16/18
...
Stubborn gas station
  08/16/18
santa monica is now basically all .01%-rich or elite foreign...
mahogany orchestra pit
  08/17/18
All cash Chinese buyers
Demanding Scarlet Parlor
  08/17/18
30 year old boomers
Lascivious kitchen dog poop
  08/17/18


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Reply Favorite

Date: August 15th, 2018 2:45 PM
Author: Glittery Organic Girlfriend

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: razzle rehab

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: disgusting theatre ceo

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: Glittery Organic Girlfriend

jfc

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



Reply Favorite

Date: August 15th, 2018 2:50 PM
Author: Learning disabled adventurous son of senegal

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: Wonderful Talking Scourge Upon The Earth Crotch

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: Coral embarrassed to the bone forum circlehead

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 Institution Therapy

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: Glittery Organic Girlfriend

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: talented arrogant sandwich spot

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: cream potus



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



Reply Favorite

Date: August 16th, 2018 12:46 AM
Author: Trip chest-beating corner



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



Reply Favorite

Date: August 15th, 2018 6:05 PM
Author: odious judgmental theater stage coffee pot

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: Coral embarrassed to the bone forum circlehead

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: Glittery Organic Girlfriend

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: Coral embarrassed to the bone forum circlehead

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: Cyan irate pozpig box office

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: Multi-colored doctorate base



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



Reply Favorite

Date: August 15th, 2018 6:08 PM
Author: Cordovan tripping nursing home

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: Deranged shrine sweet tailpipe

(((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: Glittery Organic Girlfriend



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



Reply Favorite

Date: August 16th, 2018 12:50 AM
Author: Mind-boggling mental disorder

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: Learning disabled adventurous son of senegal

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: haunting federal kitty

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: odious judgmental theater stage coffee pot

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: haunting federal kitty

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 Institution Therapy

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: Stubborn gas station



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



Reply Favorite

Date: August 17th, 2018 1:49 PM
Author: mahogany orchestra pit

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: Demanding Scarlet Parlor

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: Lascivious kitchen dog poop

30 year old boomers

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