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How I Learned to Love Southern California and Forget the Housing Bubble

Last Build Date: Mon, 05 Mar 2018 22:09:32 +0000


Median home price in San Francisco hits $1.42 million:  A standard condo in San Francisco is now selling for $1.15 million.

Mon, 05 Mar 2018 22:09:32 +0000

San Francisco housing has entered into a new reality.  Tech money and foreign cash continues to flood the market and pushing prices to astronomical levels.  The typical San Francisco crap shack now will cost you $1.42 million, a new record high with condos going for $1.15 million.  The city is entering into escape velocity of […](image)

The future of California will be with rentals:  California’s homeownership rate will remain stagnant for the next decade.

Sun, 18 Feb 2018 05:46:47 +0000

While indicators of the economy seem to be doing well, the homeownership rate in California is telling a different story.  The unemployment rate looks healthy, the stock market is still very high even with the recent correction, and people seem to be spending beyond their means once again with credit card debt solidly above $1 […](image)

The evaporation of housing inventory:  What a continued drought in housing inventory will mean for the real estate market.

Sun, 28 Jan 2018 05:44:03 +0000

The housing market continues to operate in a very lean environment.  Home builders are building but are focusing their efforts on multi-family units to cater to a growing renting population.  Builders are also shy about placing big bets given the recent memory of the previous housing bubble.  Places where they can build freely like Arizona, […](image)

Roommate Nation:  30 percent of working adults are now living with a roommate.

Mon, 08 Jan 2018 20:29:48 +0000

With the rent being too damn high, many Americans are now opting to live with a roommate (or two or three in the case of San Francisco and Los Angeles).  We now have a record number of adult Americans living with roommates.  This coincides with a stagnant growth in the homeownership rate especially in crap […](image)

Canada went full USA with their housing bubble:  Their bubble is just starting to burst with home values dropping for the first time since Q1 2009.

Wed, 03 Jan 2018 07:41:09 +0000

The Canadian housing market is entering into a “housing correction” courtesy of the mega debt our neighbors to the north have taken on.  The bubble grew and grew and like most real estate bubbles, they can go on for years beyond what most would expect.  Canada’s housing market is deep in a bubble.  You have […](image)