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Are you making enough to make payments on a house????
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<blockquote data-quote="Thebrownblob" data-source="post: 5564746" data-attributes="member: 60485"><p>The early 90s in CA had a housing crash…</p><p></p><p>[URL unfurl="true"]https://reventureconsulting.com/the-worst-housing-crash-ever/[/URL]</p><p></p><p>“It then took another four years for prices to recover to their previous highs. Meaning that those who bought a <a href="https://reventureconsulting.com/" target="_blank">home</a> in Los Angeles in 1990 had to wait 10 YEARS – until 2000 – to recover their acquisition value. Note that similar <a href="https://reventureconsulting.com/" target="_blank">home</a> price declines also occurred in Orange County and Riverside.”</p><p></p><p>I sold two condos in Southern California</p><p></p><p>One in the Alisa Viejo in 2005, for $349,000 was bought in 1995 102k less than 1000 ft.².</p><p></p><p>Another in Costa Mesa that was purchased new in 1978 for $58,000, sold in 2012 for 380k about 1400 ft.²</p><p></p><p>Looking at Zillow, both of these condos are close to double those prices now.</p><p></p><p>No idea how normal people afford Such small living spaces for ridiculous prices.</p></blockquote><p></p>
[QUOTE="Thebrownblob, post: 5564746, member: 60485"] The early 90s in CA had a housing crash… [URL unfurl="true"]https://reventureconsulting.com/the-worst-housing-crash-ever/[/URL] “It then took another four years for prices to recover to their previous highs. Meaning that those who bought a [URL='https://reventureconsulting.com/']home[/URL] in Los Angeles in 1990 had to wait 10 YEARS – until 2000 – to recover their acquisition value. Note that similar [URL='https://reventureconsulting.com/']home[/URL] price declines also occurred in Orange County and Riverside.” I sold two condos in Southern California One in the Alisa Viejo in 2005, for $349,000 was bought in 1995 102k less than 1000 ft.². Another in Costa Mesa that was purchased new in 1978 for $58,000, sold in 2012 for 380k about 1400 ft.² Looking at Zillow, both of these condos are close to double those prices now. No idea how normal people afford Such small living spaces for ridiculous prices. [/QUOTE]
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Are you making enough to make payments on a house????
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