Why there's a bubble in housing - pretty clear

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  • Big E
    Registered User
    • Mar 2002
    • 935
    #1

    Why there's a bubble in housing - pretty clear

    This is an article from one of my favorite writers on macro and micro-economics. He always finds really interesting viewpoints about subjects:

    http://www.investorsinsight.com/otb_...?EditionID=149

    Very interesting article with lots of great graphs.

    For me, it's the deviation of the price of rent vs mortgages. Here in San Diego, housing is rediculously overpriced compared to rents. It makes much, much more sense to rent here (as it does in many other cities)..
    Tags: None
    • Sly
      Let's do some business!
      • Sep 2004
      • 31378
      #2
      Yep, my rent is $1800. A mortgage would probably be around $2300-2800.

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        • Love Sex
          Confirmed User
          • Nov 2004
          • 1905
          #3
          people need places to live, premium land is going to run out

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            • Pete-KT
              Workin With The Devil
              • Oct 2004
              • 51532
              #4
              nice article

                Comment

                • Veterans Day
                  Confirmed User
                  • Jul 2003
                  • 8403
                  #5
                  why anyone would live in cali is beyond me. Come to the midwest and live like a king, and none of this ridiculous bubble nonsense
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                    • juve20
                      Confirmed User
                      • Feb 2005
                      • 2542
                      #6
                      there is no bubble in property. don't beleive the hipe! things might not always go up but they'll never go down!

                      tony
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                        • james_hunk
                          Confirmed User
                          • Jul 2005
                          • 408
                          #7
                          the article is making me think now..
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                            • GTS Mark
                              Vrume Mark
                              • Jan 2001
                              • 20912
                              #8
                              Originally posted by Sly
                              Yep, my rent is $1800. A mortgage would probably be around $2300-2800.

                              That is fucked, you pay $1800 a month for rent?? Man where do you live Tokyo?

                              But think if you only paid $500 more a month to a mortgage at least that $1800 would'nt be going into your landlord's pocket but into your own home's equity...

                              Something to make you go Hmmmmmm.... ;)

                              DH

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                                • nick1980
                                  Confirmed User
                                  • Jul 2005
                                  • 1435
                                  #9
                                  maybe I have one too

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                                    • Xenophage
                                      Registered User
                                      • Oct 2001
                                      • 12122
                                      #10
                                      Originally posted by DrinkingLight
                                      That is fucked, you pay $1800 a month for rent?? Man where do you live Tokyo?

                                      But think if you only paid $500 more a month to a mortgage at least that $1800 would'nt be going into your landlord's pocket but into your own home's equity...

                                      Something to make you go Hmmmmmm.... ;)

                                      DH
                                      umm 1800 is cheap DH o DL

                                        Comment

                                        • chadglni
                                          Confirmed User
                                          • Dec 2002
                                          • 6924
                                          #11
                                          Originally posted by LegendaryLars
                                          umm 1800 is cheap DH o DL
                                          For Tokyo.


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                                            • Morgan
                                              Too lazy to set a custom title
                                              • May 2002
                                              • 10520
                                              #12
                                              Originally posted by Veterans Day
                                              why anyone would live in cali is beyond me. Come to the midwest and live like a king, and none of this ridiculous bubble nonsense
                                              or just make more money and live like a king here in Newport Beach, CA.
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                                                • Matt 26z
                                                  So Fucking Banned
                                                  • Apr 2002
                                                  • 18481
                                                  #13
                                                  The reason for the increases is that it's easier to get a home loan today than it was 15 years ago. So this has created a whole new group of people entering the market, and supply could not meet demand. So prices went up.

                                                    Comment

                                                    • gopsycho
                                                      Confirmed User
                                                      • May 2005
                                                      • 147
                                                      #14
                                                      Originally posted by Veterans Day
                                                      why anyone would live in cali is beyond me. Come to the midwest and live like a king, and none of this ridiculous bubble nonsense
                                                      Why live in Cali? the weather, the weather, the weather...oh yeah, the girls and the beach are pretty damn nice too.

                                                      The surfing sucks in the midwest

                                                        Comment

                                                        • High Plains Drifter
                                                          Confirmed User
                                                          • Jun 2005
                                                          • 2341
                                                          #15
                                                          Another factor that I haven't seen mentioned is that the population of the middle states has been migrating to the coasts over the last 20-30 years. Like my grammy used to say, "god aint making no more land".

                                                            Comment

                                                            • Xenophage
                                                              Registered User
                                                              • Oct 2001
                                                              • 12122
                                                              #16
                                                              check it

                                                              http://biz.yahoo.com/brn/050716/14750.html

                                                                Comment

                                                                • Shap
                                                                  Confirmed User
                                                                  • May 2001
                                                                  • 8313
                                                                  #17
                                                                  Originally posted by DrinkingLight
                                                                  That is fucked, you pay $1800 a month for rent?? Man where do you live Tokyo?

                                                                  But think if you only paid $500 more a month to a mortgage at least that $1800 would'nt be going into your landlord's pocket but into your own home's equity...

                                                                  Something to make you go Hmmmmmm.... ;)

                                                                  DH
                                                                  LOL you know how much I'm paying. You saying i'm CCCCCRRRRRAZZZZZZY?

                                                                    Comment

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