--174.65.xxx.xx

my cousin bought 900 sq ft hse in santa barbara for 1.2m. her hse would fit in my garage. insane. --71.84.xxx.x

FOMO fear of missing out,now is the time to sell --74.77.xx.xx

Property taxes should be .0125 % of the sales price or $11,250.00 per year and increase 2% each year. --99.23.xxx.x

Jim - taxes still a lot lower than in NJ for this description property. --73.215.xxx.xx

About 96- 97 you couldn't give away places tehre --24.101.xxx.xxx

Hi Ray-N-Pa. I'm about 15 minutes south of city center in San Diego. Chula Vista is the second largest city in San Diego County. Huge bedroom community with pretty much no industry. Nice place to live, 1 mile from the southern end of San Diego Bay.Get a nice sea breeze all the time. 5 minutes to either I-805 or I-5 freeways. I lucked into my property at the right time after the Landlord died (young) and his wife sold me the property that I had lived in for 20 years. I 'inherited' her aunt and uncle who lived there for 30 years. Good deal all around except I had no idea how to 'Landlord'. Bought a book, learned fast. --174.65.xxx.xx

You should remember that Baidin has basically doubled the money supply for covid and Ukraine spending. Therefore the prices should double at minimum. Inflation is at Jimmy Carter levels and people would rather buy real things while their cash is still worth something. In Turkey and Venezuela, the currency is basically toilet paper so overpaying for houses makes sense in this scenario. --72.199.xxx.xxx

This is North Hollywood, Los Angeles. --47.156.xx.xx

Inflation is back – and with a vengeance. For the first time since the late 1970s and early 1980s, the rising cost of goods and services has become a serious risk to both the economy and the markets . . . Google Campbell Real Estate Timing Letter for more info... --174.65.x.xxx

Like someone said earlier, FOMO, but the other factors at play are the increase in lumber prices makes new builds higher, and that raises the prices of pre-existing houses too. Also the rates are starting to go up, but should go up significantly if we hit recession territory. The feds need a big correction in rates. They've been too low for too long. The days of the 10% 6-month CD are coming back. --108.69.xxx.xxx

--184.4.xx.xx

So to me, two houses for $900K doesn't sound all that outrageous for west coast real estate. --76.178.xxx.xxx

In Houston, those 2 houses would be torn down to build one ginormous house that would list for millions. Forget renting. --23.30.xx.xxx

We are about 16 billion houses short just here on the Outer Banks... --50.82.xxx.xxx

--70.92.xxx.xxx

Homeless situation terrible here. Tent cities popping up, whole communities of unsavory people camping on city streets, along freeways, in backyards, along hiking trails. We have 'Outreach' teams who go around and offer housing, health care, job training, but the people are not receptive. They prefer to live 'free' and get free everything. Alcohol and drug are major problems. Used needles, empty baggies all over the gutters, and of course the obligatory human waste. A parade of what we call transients up and down my street (and everywhere) going trowards the shopping areas in the morning, and 'home' at night. If the city officials finally remove the encampments, (with counseling and a week's notice of what's going to happen) the homeless just move their belongings across the street and wait until the cleanup is done and then return to the same place. Does no good. Great weather here, lots of free stuff for the homeless and no arrests because of the Covid stuff. They camp out in front of businesses. Amazingly some were camping out in front of the Superior Courthouse downtown! First one, then 2 then a whole village. They also prowl the neighborhoods and parking lots breaking into cars and houses or stealing from yards for anything they can sell. (lots of stolen bikes). Ring cameras catch a lot of the activity. No good answers to get them off the streets. I've chatted with many of the ones around my area and they are usually very nice, but not receptive to working or going anywhere except the makeshift shelters they erect with tarps and tents. Many of the tents were provided by community outreach places like churches or businesses. It's a mess. No end in sight. --174.65.xxx.xx

Homeless should be sent back to their original location and locked up there until they wise up. I fear that other countries are buying up America for even these ridiculous prices and maybe it's even our government who wants to control housing. No one is watching who is buying, maybe drug lords or other criminals. --108.24.xx.xx

Property taxes here are high as in Orangeville there is no industrial base where mostly residential. Compared to most other jurisdictions it costs $1,000 to $1,500 more per year where if moved in the surrounding out of city property taxes would be much lower. Here there is portion to fund social assistance where out of town there are fewer on social assistance. The homeless problem was created by hostility towards rental housing providers where high taxes, rent control where operating costs exceed annual increases in allowed rent increases. Now most of rental housing in the province of Ontario is no longer owned by smaller individuals where the very large corporations there is a renoeviction then rents double. The only feasible way to run a rental property is to have separate utilities. --68.69.xxx.xxx