I almost got a divorce when I decided to buy my current SF home for 570K back in 2008, my wife think it's way too expensive and not feeling comfortable on putting all of our saving into it. now we're half way done with our mortgage and paying only $2K a month that was the best decision I had ever made.
An "opportunity to control your own destiny when it comes to housing security..."????!!! What a joke! You will die and still not pay off a home at those prices! How is that security?? Real estate agents like this one....😡 All they care about is getting their commission KNOWING that you will be screwed for life!
Of course! 😂🤣😂 The rich aren't going to shoot themselves in the feet. They stack everything in their favor. That's just how it is. If you ain't rich, yer dah BEEEIIIOTCH. 💪😎✌️
A friend of mine’s daughter sold their 1950’s 1000 sqft in San Jose for over a million. They transferred to Colorado and bought a 3400 sqft home for $700,000
why spend so much money to live in a subarctic climate that barely gets a summer and is miserable and cold for half the year. No thank you!! Move to Houston instead!!! Much better climate!!!
The property tax alone on the $1.2 million condo is over $15,000 a year. That's $1250 a month on top of the mortgage payment. Then there are heating/cooling cost for electricity and natural gas, maintenance costs, HomeBoner's extortion fee, water, TV and internet cable, fire and liability insurance. No wonder there are so many homeless.
I just left socal for Georgia where houses are in all fairness, all things being equal, half the cost, and there are no homeless here. Even in Atlanta it is NOTHING like San Jose or Southern California.
@@Watchoutforsnakez my gf and I live in sac. i see beautiful homes in nice nieghborhoods (like the one we are fortunate enough to currently be renting at a reasonable price) for sale back east for 3-5 years of my salary alone. and im not talking in the middle of nowhere, these are major cities with history and culture to them.
@@bayareacarnatic That is exactly why its called Pacific Graft and Extortion. 33 cents a kwh for the month's first 292kw used, then rises to 39 cents a kwh. San Diego Graft and Extortion charges even more.
Rents are going down. Assuming that buyers who are priced out will go to rentals is insufficient. They'll often either boomerang back to their parents' place, find roommates, or live in their cars.
it's funny they call them "buyers" like they are the same as the people they are interviewing. the "buyers" that can afford 9k a month aren't average working people at all but LLC's and people backed by banks/corporations.
Exactly. There are houses in the neighborhood that go up for sale and sell within a few weeks of listing. Same houses have been bought and sold a couple of times in the last couple of years. Each investor makes a couple hundred grand if not more with each sale. Houses are just sitting emptying because the rent they want for them is outrageous in between the sales.
I owned a townhouse in my 20’s and you could hear the neighbors through the walls. We sold it within two years and opted for a detached single family home.
Get corporations and hedge funds out of home buying! Would we let corporations hoard food to artificially raise prices at the grocery store? Then why do we let them do it with other necessities like housing?
The rich control the rules. The poor... ummm... don't. 💪😎✌️ Plain and simple. The rich chill while the poor serve. It is what it is, baby. Slaves and owners, peasants and royalty. It's always been that way.
Expensive houses in high crime areas are not worth it. I sold my house in Hayward for a better quality of life. Feel bad for the people who made a bad choice buying my house. At least the weather's nice when you need ti live on the street or you need bars around your house.
I just talked to several people that purchased new homes. The homes are over $1.3 million. I am wondering how people in their 20’s are purchasing million dollar homes and remodeling them as well.
Even for 100k salary, the monthly paycheck is 6k after taxes. People who can pay 9k monthly have to earn 300k per year atleast after making a 300k down payment. Even that would be house poor.
@@sitechca70 the problem is you can't have a city of just engineers. Whos gonna pick up your garbage bins? Whos gonna remodel your home? Whos gonna work on your roads. I left San Jose during the pandemic, because it wasn't worth it anymore. San Jose is unfortunately losing population now, less tax revenue, less people to visit small businesses etc.
@@bubba6989 Totally agree with you. I left that place more than 20 years ago. Back when an old tiny little house in Mountain View was $450K, I was thinking "one day I'd save enough for it", but then prices kept jumping faster than I was able to save. So glad I left.
Foolish buyers with some new wealth buying into the FOMO is the reason for this mania. Only when the next buyers start thinking critically, prices will come down to rent-appropriate levels.
Hello NBC, instead of repeated stories about the increase in housing prices and the same interviews from some realtor or expert that says there is high demand and low supply, can we have a story just focused on WHO is buying these houses and HOW they can afford them? That would be an informative piece.
I felt the same way in 1983 when we bought our San Jose house. The interest rate was 12% and the payment was around $1200/mo. Oh well, it all worked out!
I think people who bought houses in the last couple years will really come to regret it. People have been spending so much money on the narrative that renting is throwing away money. However, housing is throwing away money if it's not rising in value. Speculation often doesn't pan out, and this particular speculation is often leveraged 30:1..
Even through the 2008 recession, Bay Area prices only softened and then quickly skyrocketed again. What is obvious here is the huge pent up demand from the continous inflow of new Big Tech immigrant workers. Most buyers are dual income Big Tech employed husband & wife. Layoffs you say? Big Tech layoffs are a drop compared to the incoming H1B workers. The pattern here is lay off expensive senior employees and replace with much lower cost H1B workers who are bound to you for 10+ years while they wait for their Green Card visa queue to become current. So prices will keep rising. Even if the social media boom goes bust, there will be the next Big Tech boom.
@@Mkvkuv I showed no math and neither did you. Now I will. Big Tech senior engineer $200K and easily poached. H1B senior engineer $150K and locked in for 10+ years. Husband gets H1B, spouse gets H4. Both have advanced degrees. Both work. They know Bay Area property prices only goes up. So they buy as soon as they have the downpayment.
An older gentleman across the street from me bought his house and the house next door for 25k each when they were first built. The same houses are now worth roughly 1.5 million. The house I live in hasnt had any remodeling or updating since 1968 when it was built, it is worth roughly 1.1 million. Burnt down shells of homes sell in san jose for 900k. I wouldnt buy here.. And people complain, but then they push for more visas and more immigration. What happens to prices when there is a limited supply and a severe increase on demand? Politicians tell you its progressive, but they are also the older homeowners reaping the benefits to let the city fill up with more and more people. More people means higher value on their already purchased homes, it means more taxes, more sales (more sales tax), etc. If you want cheaper pricing, there is only 1 viable option, and that is to reduce demand. Some may think that you could simply increase supply, but without capping or controlling the demand, you just create induced demand, more demand. But, people in CA dont want to talk about that.. They just want to complain about the results of what they have been supporting.
If you have the money wait. The market is about to collapse in on itself and there will be tons of people defaulting on their mortgages once they're laid off. It's going to keep getting worse. Don't let realtors pressure you, they're only looking out for themselves so they'll say anything to get you to buy a home right now.
The government should've let the population shrink naturally. Smaller population will make life competition less intense and lower property prices as happened in Japan, which will eventually make the citizens happier
Saying the words "I'm saving up for a house" in San Jose is enough to make you be LAUGHED at. Buyers are flooding in from Mainland China and India as they reap in those Bay Area technology jobs paying $500k+ yearly salaries.
The interest rate must go way higher to cool down the inflation. The risk is that it may lead to recession; however, recession is way tolerable than inflation
The buyers are the FED! This housing market is a result of low interest rate environment and when the interest rate comes up... you know the rest... (CBRE)
I've lived in the SJ/SF almost all of my existence. Trust me, you have NO CHANCE to own anything there unless you already own it. Well, not unless your Bezoz or Zuck or Elon or Gates, etc. 💪😎✌️ Rich gotta rich and exploit. Poor gotta poor and serve. It is what it is, baby! 😂🤣😂 Acceptance is key.
Who can afford monthly mortgages of $5000 to $7000 dollars for your typical $1.5 Million homes? $10k per month mortgage, come on people. You have to make a minmum of $15k per month to be able to afford these kinds of prices. A Cashier at Target don't make that kind of money huh? So they have had to buy homes in Tracy and Lodi commuting two hours a day in heavy traffic to go to work and back. Obviously, the California dream is only for the realtors and banks!
Some places in San Jose is just ugly especially the south east side around Tully Rd and Story Rd where you'll see most of the homeless and hoodlums hang out, Milpitas is a lot better though and much more expensive.
😳🤯Townhouse is $1.2 million?? GTFOH! The truth is, even if I had this type of high income there is no way on this earth I will pay that much for a townhouse.??? HECK TO THE NO SIR. My (little) brand-new construction townhome here in GA I bought in 2022 for $152k😩👍🏼I am very grateful
@@A2Kaid I used to live in Florida and I moved from Florida because I am priced out of the real estate market. No matter how much I earn I cannot even afford to rent or buy in Florida (and I earn $72,000 a year). Florida is a mess!! Makes no sense!!! So I had to go where the numbers made sense. In 2022 I bought a brand new construction townhome 3bed / 2bath, 1712 square feet for $152k here in Georgia. Yeah, I’m going to talk about it! LOL. … MY HOUSE IS $152k HERE IN GA… MY HOUSE IS $152k HERE IN GA… MY HOUSE IS $152k HERE IN GA… furthermore, please don’t tell me not to talk about the Bay area when a public news station post it here in RUclips for us all over the world to see and yeah for us to talk about it. Lol.
@@baymaster20 🙄LMBO! Oh please! I DARE you to make me stay in my lane! MY HOUSE IS $152k HERE IN GA… I REPRAT: MY HOUSE IS $152k HERE IN GA… MY HOUSE IS $152k HERE IN GA… MY HOUSE IS $152k HERE IN GA… Pssfff…MAKE ME!!! Cry me a River
No, it is not a good idea to buy. With renting, if the prices return to normal you lose nothing. If you buy and prices return to sane levels, you're screwed - trapped.
The policy of letting the housing prices run so high and out of control is wrong! The tech industry should really disperse and move to different parts of the country with more land. California and the Bay area are simply not the place to be.
That's like saying all black people cause crime. Don't tar everyone with the same brush. I'm 70 and for decades I brought you and your mom cheap electricity and reasonable gas prices. How am I to blame for your troubles?
the sad truth is that the cost is all because of landlords. corporate and mom n pop. and that the state is just objectively the best state in the country
The net net is, if CA stops voting wrong, when the presidency changes the interest rates will drop. Then equity will skyrocket. So buyers need to buckle down, quit throwing their money away on rent, and plan to refinance just like this video says.
Assuming you have a high-paying job that doesn't allow remote work, live with your parents and SAVE, SAVE, SAVE! Of course, your parents may not like this idea.
OH YOU SHUT UP, KENNY THE TRUMPSTER FREAK!!!!! BECAUSE SAN JOSE IS NOT A THIRD WORLD COUNTRY, MIAMI IS A THIRD WORLD COUNTRY AND THAT IS SO NOT FUNNY!!!!!
@@propblast82nd printing wealth that doesn’t exist? Who’s printing it then, FEDS? how exactly is it Bidens fault, Biden have control of non existent printing and Biden controlling the interest rates?? the feds control interest rates? DUMMY🤡
Spot on, Biden sucks! Higher interest rates are making housing even more unaffordable. Hopefully Cali will vote the right way (Republican) so federal and state tax revenue will stop going to illegals, drug addicts, and useless wars and back to benefiting tax paying Americans.
A townhouse for $1M? RIDICULOUS. I left Cali in 2000 because it was outrageously expensive, this is beyond craziness!!!
and it's probably old and small too.
Half a million is too much too.
It looked more like a condo. So it's even worse. Also he said 1.2 M not 1M!
I don’t like Townhomes anyways. So, no way I’d pay that!
Townhouse in some better areas in the SF Bay are more like $1.5M+
I almost got a divorce when I decided to buy my current SF home for 570K back in 2008, my wife think it's way too expensive and not feeling comfortable on putting all of our saving into it. now we're half way done with our mortgage and paying only $2K a month that was the best decision I had ever made.
An "opportunity to control your own destiny when it comes to housing security..."????!!! What a joke! You will die and still not pay off a home at those prices! How is that security?? Real estate agents like this one....😡 All they care about is getting their commission KNOWING that you will be screwed for life!
Of course! 😂🤣😂 The rich aren't going to shoot themselves in the feet. They stack everything in their favor. That's just how it is. If you ain't rich, yer dah BEEEIIIOTCH. 💪😎✌️
Exactly right. You got it.
Yep these RE agents are scumbags. They are incentivized to sell for their commission. Think critically for yourself and do the math.
A friend of mine’s daughter sold their 1950’s 1000 sqft in San Jose for over a million. They transferred to Colorado and bought a 3400 sqft home for $700,000
Now that I can work from home full time, I want to sell and move away as well. I have to wait for my kids to finish college first.
why spend so much money to live in a subarctic climate that barely gets a summer and is miserable and cold for half the year. No thank you!! Move to Houston instead!!! Much better climate!!!
The property tax alone on the $1.2 million condo is over $15,000 a year. That's $1250 a month on top of the mortgage payment. Then there are heating/cooling cost for electricity and natural gas, maintenance costs, HomeBoner's extortion fee, water, TV and internet cable, fire and liability insurance. No wonder there are so many homeless.
I just left socal for Georgia where houses are in all fairness, all things being equal, half the cost, and there are no homeless here. Even in Atlanta it is NOTHING like San Jose or Southern California.
and the junk company PGE charges 2X of any other energy company elsewhere
@@Watchoutforsnakez my gf and I live in sac. i see beautiful homes in nice nieghborhoods (like the one we are fortunate enough to currently be renting at a reasonable price) for sale back east for 3-5 years of my salary alone. and im not talking in the middle of nowhere, these are major cities with history and culture to them.
@@bayareacarnatic
That is exactly why its called Pacific Graft and Extortion. 33 cents a kwh for the month's first 292kw used, then rises to 39 cents a kwh. San Diego Graft and Extortion charges even more.
There are homeless because the Bay Area provides for them.
Rent will go up because they know nobody can buy right now
Rents are going up because there are ton of apartments and they’re e only building more
People can still move out of state as a smart option
Rents are going down. Assuming that buyers who are priced out will go to rentals is insufficient. They'll often either boomerang back to their parents' place, find roommates, or live in their cars.
Those who can't afford to buy are already renting here. No new demand.
it's funny they call them "buyers" like they are the same as the people they are interviewing. the "buyers" that can afford 9k a month aren't average working people at all but LLC's and people backed by banks/corporations.
@JohnnytNaturalSan Jose is part of Silicon Valley, the tech companies with salaries around 2-300k cause this competition
There's everything relatively close by if you live in coastal cali
Exactly. There are houses in the neighborhood that go up for sale and sell within a few weeks of listing. Same houses have been bought and sold a couple of times in the last couple of years. Each investor makes a couple hundred grand if not more with each sale. Houses are just sitting emptying because the rent they want for them is outrageous in between the sales.
Life is poor in Bay Area
These folks bought into the FOMO factory. I grew up in San Jose and worked in Si Valley for 9 years as an engineer. That was enough for me.
1.2 million to live attached to someone else
I owned a townhouse in my 20’s and you could hear the neighbors through the walls. We sold it within two years and opted for a detached single family home.
Get corporations and hedge funds out of home buying! Would we let corporations hoard food to artificially raise prices at the grocery store? Then why do we let them do it with other necessities like housing?
The rich control the rules. The poor... ummm... don't. 💪😎✌️ Plain and simple. The rich chill while the poor serve. It is what it is, baby. Slaves and owners, peasants and royalty. It's always been that way.
Expensive houses in high crime areas are not worth it. I sold my house in Hayward for a better quality of life. Feel bad for the people who made a bad choice buying my house. At least the weather's nice when you need ti live on the street or you need bars around your house.
Left San Jose in 2020…it was a celebration 🍾 🎊 🎉
I just talked to several people that purchased new homes. The homes are over $1.3 million. I am wondering how people in their 20’s are purchasing million dollar homes and remodeling them as well.
What did you find out from talking to them?
WHAT?!?... $9,372 is your AVERAGE monthly mortgage? WoW
Usually higher.
Wow, people are rich.
@@mocheen4837 filthy.............rich.
Average incomes in the bay area are $100,000, this is not a big deal... At all...
Even for 100k salary, the monthly paycheck is 6k after taxes. People who can pay 9k monthly have to earn 300k per year atleast after making a 300k down payment. Even that would be house poor.
You can thank your local politicians. They make it extremely difficult and expensive to build.
I wonder why the people are so foolish and keep electing the same type of politicians. That type of people deserve that type of government!
How are people paying 10k a month
Example: husband and wife at Apple. Each makes $200K+. Talking about ordinary experienced engineers, not executives.
They also drive $100,000 cars.
@@sitechca70 the problem is you can't have a city of just engineers. Whos gonna pick up your garbage bins? Whos gonna remodel your home? Whos gonna work on your roads. I left San Jose during the pandemic, because it wasn't worth it anymore. San Jose is unfortunately losing population now, less tax revenue, less people to visit small businesses etc.
@@bubba6989 Totally agree with you. I left that place more than 20 years ago. Back when an old tiny little house in Mountain View was $450K, I was thinking "one day I'd save enough for it", but then prices kept jumping faster than I was able to save. So glad I left.
@bubba6989 well, too late for that... The whole Bay Area has been priced out... By engineers.
Foolish buyers with some new wealth buying into the FOMO is the reason for this mania. Only when the next buyers start thinking critically, prices will come down to rent-appropriate levels.
which state/county has the greatest concentration of h1-b?? any correlation?
H1b are making $100k Starting salaries minimum, they are without a doubt the ones snatching up these extremely high priced homes, with no complaints!
The best thing you can do for your future financial outlook: Leave the Bay Area, or CA in general. Go where you are treated better.
Do not move to a Red state and keep voting Blue.
Hello NBC, instead of repeated stories about the increase in housing prices and the same interviews from some realtor or expert that says there is high demand and low supply, can we have a story just focused on WHO is buying these houses and HOW they can afford them? That would be an informative piece.
The most logical solution is to relocate out of state. There's a lot more to our country than just San Jose and California.
I felt the same way in 1983 when we bought our San Jose house. The interest rate was 12% and the payment was around $1200/mo. Oh well, it all worked out!
Plus there is bills utilities home yard maintenance costs.
Why would anyone even want to buy or rent there. So trashy.
Why would you buy if the mortgage will be expensive.... geez 9,000 no way i would never
No thanks, I would leave the state and never look back! Also this is a nation wide issue. Wage slaves, it’s the America way!
LOL, Another honest realtor. People are willing to pay more to own.” 😂 ….. Paying 6k a month more just so you can “control your own destiny.” 😂 HIRED
I think people who bought houses in the last couple years will really come to regret it. People have been spending so much money on the narrative that renting is throwing away money. However, housing is throwing away money if it's not rising in value. Speculation often doesn't pan out, and this particular speculation is often leveraged 30:1..
You’re saying it’s not a good time to buy when buyers are lined up down the block?! That’s not what my real estate agent said.
Even through the 2008 recession, Bay Area prices only softened and then quickly skyrocketed again. What is obvious here is the huge pent up demand from the continous inflow of new Big Tech immigrant workers. Most buyers are dual income Big Tech employed husband & wife. Layoffs you say? Big Tech layoffs are a drop compared to the incoming H1B workers. The pattern here is lay off expensive senior employees and replace with much lower cost H1B workers who are bound to you for 10+ years while they wait for their Green Card visa queue to become current. So prices will keep rising. Even if the social media boom goes bust, there will be the next Big Tech boom.
@@sitechca70if they're lower cost, how do they afford these mortgages? Your math ain't adding up
OP of you bought your house a couple of years ago, you're looking good compared to now
@@Mkvkuv I showed no math and neither did you. Now I will. Big Tech senior engineer $200K and easily poached. H1B senior engineer $150K and locked in for 10+ years. Husband gets H1B, spouse gets H4. Both have advanced degrees. Both work. They know Bay Area property prices only goes up. So they buy as soon as they have the downpayment.
An older gentleman across the street from me bought his house and the house next door for 25k each when they were first built. The same houses are now worth roughly 1.5 million. The house I live in hasnt had any remodeling or updating since 1968 when it was built, it is worth roughly 1.1 million. Burnt down shells of homes sell in san jose for 900k. I wouldnt buy here.. And people complain, but then they push for more visas and more immigration. What happens to prices when there is a limited supply and a severe increase on demand? Politicians tell you its progressive, but they are also the older homeowners reaping the benefits to let the city fill up with more and more people. More people means higher value on their already purchased homes, it means more taxes, more sales (more sales tax), etc. If you want cheaper pricing, there is only 1 viable option, and that is to reduce demand. Some may think that you could simply increase supply, but without capping or controlling the demand, you just create induced demand, more demand. But, people in CA dont want to talk about that.. They just want to complain about the results of what they have been supporting.
Increase in supply decreases prices, controlling demand is irrelevant
San Jose is such a boring city, why bother!
If you don’t need to be in the Bay Area, move away far away!!,
Well why,would you buy at,top of the market at the most expensive real estate
If you have the money wait. The market is about to collapse in on itself and there will be tons of people defaulting on their mortgages once they're laid off. It's going to keep getting worse. Don't let realtors pressure you, they're only looking out for themselves so they'll say anything to get you to buy a home right now.
probably right,,,time to save for a bigger down pymnt.
good shit we took advantage back in 2008
The government should've let the population shrink naturally. Smaller population will make life competition less intense and lower property prices as happened in Japan, which will eventually make the citizens happier
Populations will do what they do. Government doesn't control population growth (except in authoritarian China).
That ship has long sailed. They completely F'ed us.
You signed up for it, I was about to do the same thing too. Want want want and NOW will cause you to make irrational decisions.
That work from home mic, sucks
My daugther pays $900 per a room. Ridiculous!! Thats why we left San Jose 23 years ago, back then we couldn't afford it.
i nice try, but i'm not buying anything any sooner🤣🤣
If you have the money, the price of houses is not an issue. Duh.
Saying the words "I'm saving up for a house" in San Jose is enough to make you be LAUGHED at. Buyers are flooding in from Mainland China and India as they reap in those Bay Area technology jobs paying $500k+ yearly salaries.
The interest rate must go way higher to cool down the inflation. The risk is that it may lead to recession; however, recession is way tolerable than inflation
What a messed up time we live in🤦♀️
Maybe you shouldn't be buying $400 designer sunglasses 😏
Real estate agent are creeps in bay area.
The buyers are the FED! This housing market is a result of low interest rate environment and when the interest rate comes up... you know the rest... (CBRE)
One of the best views was looking at San Jose in my rear view mirror.
I've lived in the SJ/SF almost all of my existence. Trust me, you have NO CHANCE to own anything there unless you already own it. Well, not unless your Bezoz or Zuck or Elon or Gates, etc. 💪😎✌️
Rich gotta rich and exploit. Poor gotta poor and serve. It is what it is, baby! 😂🤣😂 Acceptance is key.
Or just move.... like many have smartly decided. You can't be a slave to just pay rent, you need to save for retirement and have a quality of life.
The crazy mindless buying will have consequences. They're headed for a crash.
Who can afford monthly mortgages of $5000 to $7000 dollars for your typical $1.5 Million homes? $10k per month mortgage, come on people. You have to make a minmum of $15k per month to be able to afford these kinds of prices. A Cashier at Target don't make that kind of money huh? So they have had to buy homes in Tracy and Lodi commuting two hours a day in heavy traffic to go to work and back. Obviously, the California dream is only for the realtors and banks!
renting is 2X cheaper than buying. Happy renting
Bro y’all should just print more money.. take everyone down with you lol
Shoulda joined a trade 😂😂😂 I did and I bought my house 2 years ago
Some places in San Jose is just ugly especially the south east side around Tully Rd and Story Rd where you'll see most of the homeless and hoodlums hang out, Milpitas is a lot better though and much more expensive.
You mean smellpitas? Lol I’m with you though that east San Jose is ugly. But I would categorize Milpitas as bad too
😳🤯Townhouse is $1.2 million?? GTFOH! The truth is, even if I had this type of high income there is no way on this earth I will pay that much for a townhouse.??? HECK TO THE NO SIR. My (little) brand-new construction townhome here in GA I bought in 2022 for $152k😩👍🏼I am very grateful
Lol you live in GA pls don’t talk about Bay Area level people.
People snatch up 1.2m homes in the Bay Area all the time. Not everyone is low income.
@@A2Kaid I used to live in Florida and I moved from Florida because I am priced out of the real estate market. No matter how much I earn I cannot even afford to rent or buy in Florida (and I earn $72,000 a year). Florida is a mess!! Makes no sense!!! So I had to go where the numbers made sense. In 2022 I bought a brand new construction townhome 3bed / 2bath, 1712 square feet for $152k here in Georgia. Yeah, I’m going to talk about it! LOL. … MY HOUSE IS $152k HERE IN GA… MY HOUSE IS $152k HERE IN GA… MY HOUSE IS $152k HERE IN GA… furthermore, please don’t tell me not to talk about the Bay area when a public news station post it here in RUclips for us all over the world to see and yeah for us to talk about it. Lol.
Stay in your lane
@@baymaster20 🙄LMBO! Oh please! I DARE you to make me stay in my lane! MY HOUSE IS $152k HERE IN GA… I REPRAT: MY HOUSE IS $152k HERE IN GA… MY HOUSE IS $152k HERE IN GA… MY HOUSE IS $152k HERE IN GA… Pssfff…MAKE ME!!! Cry me a River
@@FairBeautyEssentials ahahah I’m just messing with you I read other dude comment 😂 like bro not that serious lmao
airb&b .
Rent evaders are all over the place in bay area.
I am sure lot of these are bought by investors who want to keep prices inflated.
No, it is not a good idea to buy. With renting, if the prices return to normal you lose nothing. If you buy and prices return to sane levels, you're screwed - trapped.
The policy of letting the housing prices run so high and out of control is wrong! The tech industry should really disperse and move to different parts of the country with more land. California and the Bay area are simply not the place to be.
But if you buy the house, it’d off set your tax, and you can always house hack.
No one wants to live in San Jose, Google even doesn’t want to be there.
It's called MOVING.
Yup just sad
Turns into zombie ghost town when only renters.
And owners won't live there either. You should have to live there if you want to own it.
Boomers and Gen X left the country worse off for their children
That's like saying all black people cause crime. Don't tar everyone with the same brush. I'm 70 and for decades I brought you and your mom cheap electricity and reasonable gas prices. How am I to blame for your troubles?
10 years later imagine when culture shock when the renters tries to take over family estate. Check section 8 imagine that false statement Jeannie Mai.
Neither until the criminal justice system start enforcement of the law. Otherwise, you will be prey for predators criminal.
Stop whining
Most voted for current Demonrats Administration
Investors are outbidding individuals.
This is the result when you only allow single family houses…
Learn to code
Keep voting democrat it will probably get better
😅😅 Dems are undercover Repubs😂😂
😂😂😂😂 That’s what those Cali Dims keep saying. Too funny.
MILLION DOLLAR HOUSE with view of homelessness tents and dirty streets... Why waste money when you can get that for free
This News is not helping neither
Free housing for all!
But in the end if you rent, you don't own anything.
In the end, you don't own anything anyway ... and don't owe anyone ... win win
MOVE to a part of the country where you can afford to buy a single family home.
The buyers are corporations
The buyers are the Fed.
the sad truth is that the cost is all because of landlords. corporate and mom n pop. and that the state is just objectively the best state in the country
Of course not! If you bought at a high price, you have to rent out at a high price to pay your mortgage and taxes!
Its because of the NIMBYs, poor urban planning, zoning laws.
Rather rent. More freedom tbh
glad I left
Greedy people will ruin the country.
Insane 😵💫
Well thank goodness im rich
Over-appraised and overpriced...
Bubble pop please
The net net is, if CA stops voting wrong, when the presidency changes the interest rates will drop. Then equity will skyrocket. So buyers need to buckle down, quit throwing their money away on rent, and plan to refinance just like this video says.
2 wings same bird... voting wrong is relative. ask the ppl in Mississippi...... #narratives
😂😂😂
WTF would you move to California?
Assuming you have a high-paying job that doesn't allow remote work, live with your parents and SAVE, SAVE, SAVE! Of course, your parents may not like this idea.
I encourage my children to stay with me after college to save for a house.
Just crash already.....
Thurr!!!
lol
Crapfornia
California, the great rat race.
Wow $9000 to live in a third world country 😂😂😂
Exactly and with the influx of illegals coming in, it's going to get so much worst! Brace yourself Bay Area
OH YOU SHUT UP, KENNY THE TRUMPSTER FREAK!!!!! BECAUSE SAN JOSE IS NOT A THIRD WORLD COUNTRY, MIAMI IS A THIRD WORLD COUNTRY AND THAT IS SO NOT FUNNY!!!!!
😂
Just move out of state like TX
Thank. Biden for inflation and high interest rates 🤡🇺🇸
Huh? You do know that inflation is due to corporate greed and price gouging?
@@FairBeautyEssentials actually it comes from printing wealth that doesn’t exist dummy 🤡
@@propblast82nd printing wealth that doesn’t exist? Who’s printing it then, FEDS? how exactly is it Bidens fault, Biden have control of non existent printing and Biden controlling the interest rates?? the feds control interest rates? DUMMY🤡
Spot on, Biden sucks! Higher interest rates are making housing even more unaffordable. Hopefully Cali will vote the right way (Republican) so federal and state tax revenue will stop going to illegals, drug addicts, and useless wars and back to benefiting tax paying Americans.
Biden destroyed the economy