@@jayk3551 that is the point Owner pays the property tax not renter as rents are determined by demand and supply of housing inthe area... you cant pass on your taxes to renter just like you cant pass your income tax to employer... if gov raises incoem tax by 10 % we cant ask for 10% raise from employer.... rents work the same way... if house prices goes up taxes go up if house prices goes down taxes go down... but the ability of renter to pay the rent stays the same...
Those that ARE being built in my area in Canada and our compound in LA, are being built by those with DEE:P EQUITY that already own three/four houses, often CLEAR TITLE. Not counting the one winter home in Scottsdale. (some HOA's down there you have to purchase/sell in CASH. it's required. One neighbour just did that.
Answer over regulation on builders in California. There is so much insane red tape they have to go through just to build something. They need to allow them to build 24/7, that would solve supply within the next 12 months easily
Also because the kinds of homes people want (townhomes, etc.) are illegal to build. It is injustifiable why almost every plot it is impossible to build anything other than single family homes.
Answer allowing a basic necessity such as housing to be treated as a speculative commodity that's main purpose is to make people/entities money would easily bring the cost of housing down. A good first step, prevent any non-singular entity such as a company, hedge fund, or investment group from purchasing real estate.
@@mnn1265Nope, developers are constantly shut down in SF. There are properties that COULD be developed but activists don’t let them due to the building affecting sunlight etc
@@shad118 Have you bothered to do some research about SF? It's a very small city because of geography and also because of political restrictions. You'll not see any significant development because of these issues. Ever look at a map of SF?
The reason the prices are still rising is Global investors in California real estate and the people that are benefiting are the ones smartly deciding on escaping this hellhole.Ask yourself why anyone in their right mind would pay millions over the average National rate for a home with homeless camps,Filthy streets,absent law enforcement, High Taxes, Lack of ability to insure the property and mentally ill and drug addicts are drug cartel people running the streets.The market is artificial and the endless price squeeze by investors and Pro traders is here permanently.No such thing as a normal neighborhood where people buy a home to actually live in.
Where are the states and cities where one wont find same scene same ghetto like Bums in vehicles,drugies, needle users lazy Living under freways living in abandon properies Squaters Come out from under the rock This the new america post covid Millions out on the street !
lol “paid for by the national association of realtors” get a grip people prices are not rising at all. Sellers are listing lower. There’s tons of inventory and tons more coming online as spring starts. Buyers are few and far between. Prices are flat and going down.
@@dantheman6607 yes every day. Sellers are strategically listing their homes for less $ bc there are less buyers. Prices aren’t going up, homes are being listed for less to drive multiple offers, closing “above asking” but below YoY. Prices have dropped significantly and will continue to drop, except for the most desirable areas which as in every city, hold well
I’m so glad I bought my new home in 2020….i wasn’t going to sell because I didn’t want get into another home with a higher rate, but for what I can sell it for now, the gain is more than enough to offset the higher rates
@@hyphydan Chinese "suitcase" money left LA almost a decade ago, and prices went UP. there are lots of other inputs, old money, laundered money, stolen money, selling the farm in Iowa and heading to the coast money, only fans money.!!!
You think the home cost is bad? Wait till they reassess the property tax at market value and the bill is over 20k. It's crazy what people are paying for old ass homes that would be barely 200k anywhere else. California has become a money pit in every department you look. You can have that so called great weather everyone is talking about. Between the bad policies, politics, crime, living cost, homelessness it ain't worth it.
Everybody has been into the Ponzi scheme, especially local government. these huge increases result in huge windfall taxes and go to pay huge wages for UNSKILLED city workers. My workmates girlfriend in W. Van. makes 38 an hour PLUS benefits booking swim classes for the city pool!! There is ONE city employee for every FIFTEEN homes!!! These "McMansions" starting in the late eighties replaced old biker one bdrom. cottages and now you have the taxes on 8 bedrm. 10 bath. so the Ponzi continues. No one in the USA or Canada comments on the huge increase in the tax revenue, allowing govt. employees across the board to make more money than a Red Seal Tradesman, and any downturn they KEEP their job. !!! Yeh, sooner or later it may implode, but for now, party ON.
The answer was at the end of the segment. Tech stocks are running hot. NVDA, META, GOOG, NFLX, etc. They make local housing affordable for the average home buyer in the $1.5-2.5M range.
throughout N. America (including Canada and even Mexico) the number of inputs and variables keep coming up. Posters have been commenting on the "coming downturn" in housing prices since the INTERNET was made a common public venue. Ain't gonna happen.
If the market did ‘crash’ a lot of people would be unwilling to sell at a loss and just stay in their homes, meaning there would be much less homes available to buy…
it might just be that everyone on earth wants to live in the Bay Area because the Bay Area has the best weather on earth. no boiling your butt off and no shoveling snow. nice and sunny 340 days a year with a average income of 110,000 and good jobs everywhere you look if you are looking to buy a home remember these three words before you do. LOCATION LOCATION LOCATION.🙂🍺☀⛱.
It’s crazy to me how you can not live in CA but still feel the need to post about the home prices, crime etc. Almost as if you can tell which people are bitter and had to move away because they couldn’t afford it! I know friends from Texas and Ohio that come to Ca for work! If you work in tech you will make $$ if you work in the trades, (welder, lineman, firemen,etc). You will make $$. People will always come here looking for opportunity. Which there is plenty of!! As a lineman myself I can make 200k+ easy here! Of course I don’t like the politics or crime but with all this $$ and great weather, and can get from the ocean to surf and hit the mountains in under 5 hours to 🏂 it’s great! My buddy from Ohio just moved here for a welding job and he loves it! Says, “I thought this place was terrible because that’s all the news says”!!! Don’t bother replying I never read comments and completely ignore negative depressed people!!
Homeowners aren’t benefiting. They have to pay higher property tax and they can’t sell their home and go out on a bidding war on another place. State, County and real estate brokers are the ones benefiting.
California homeowners don't pay higher property taxes because their homes are not re-assessed yearly as are in other states, the most they can increase is 2% a year.
@@sfrealestatedealmaker6001 wanna make a bet on that. Living in san jose all my life and I know what the hell I am talking about. Look at all the bonds racked in your property tax.
I’m a general contractor and have lived in the Bay Area for 45 years and if I could I would pack it up and move tomorrow. It’s only going to get worse.
General contracting is a "KASH COW" now almost everywhere with all that upgrade money being spent like water out of a hose. You move to Shoshone Idaho and you'll starve.
SEVERAL STATES HAVE SUCH RESTRICTIONS. IF YOURS DOESN'T, WRITE YOUR STATE REPRESENTATIVE. BUT I SUGGEST AVOIDING ALL CAPS AS THEY WILL THINK YOU'RE SHOUTING AT THEM!
How come these news outlets never say who is buying these homes, how they are affording it, etc. Yes, we know prices are on the rise, but who and why can "someone" be able to afford them. Any fact-based info from anyone in the comment zone?
Silicon Valley doesn’t crash for good. Never does and you’ll miss out time after time when it becomes impossible to buy due to new people always looking to make it in the bay with higher new salaries. Have to bite the bullet at some point to survive in the Bay Area or move somewhere less competitive.
Wrong, Austin TX is the new mecca of technology, The bay area is dying slowly but surely, those aware of that are selling and moving out, the rest can bite the bullet until they lose all their teeth to keep overly priced houses. anyone who bought a house in 2020 and up will never see his house reaching the price he paid for in years. So good luck
So home owners are the benefits of this... if they pack up their entire lives and leave. Unless you were planning on leaving that doesn't sound like much of a benefit.
$15/hour to $20/hour 33% inflation or dollar devaluation. The price of a house should increase 33.333% for the starting time of $15 minimum wage to now. House price rises, blame the dollar devaluation. When dollar is free, then dollar is $O value.
Nashville just convinced Larry Ellison to move Oracle's HQ there from Austin, TX. Keep saving, and if you know the good areas maybe don't wait too long. Fixer uppers may be the way to go, and CZcams tutorials are your friend.
@@harlanjackson6112 Nah, I am waiting for TN to become a dump like Portland, Austin, etc., Once Californians get in, it will go down. I am on my own timeline... not going to be rushed to make decisions. TN will look third-world soon.
You realize you have no idea what you're talking about? The funny thing is that someone actually gave your comment a thumbs up and that's hilarious. Strictly a politically motivated comment obviously.
@@mnn1265 you realize the stock market has set record highs under Biden right ? I don’t attribute that to him just like I don’t attribute inflation to him. Political?? He’s calling it Joe Biden’s inflation 😂 that’s political
@@dantheman6607 Trump takes credit for his stock market highs, gas prices while he was president and also blames Biden for global inflation during the pandemic.. why shouldn't Biden take credit for the soaring economy, falling inflation and massive economic growth? Oh, that's right because you just might be a Trump cult sycophant? Yep, political.
It's not just the monthly payment. It's the property tax that never goes away.
Neither does rent, I love my forever tenants 🎉
True but it's relatively low tax rate compared to other states. It's that income taxes that gets me.
@@jayk3551 why cant we pass on our income taxes to our employer ?
@@jayk3551 who pays the tax if its empty ?
@@jayk3551 that is the point Owner pays the property tax not renter as rents are determined by demand and supply of housing inthe area... you cant pass on your taxes to renter just like you cant pass your income tax to employer... if gov raises incoem tax by 10 % we cant ask for 10% raise from employer.... rents work the same way... if house prices goes up taxes go up if house prices goes down taxes go down... but the ability of renter to pay the rent stays the same...
Hardly any new homes are built today compared to past decades
@Greymatter-to3th great post
Those that ARE being built in my area in Canada and our compound in LA, are being built by those with DEE:P EQUITY that already own three/four houses, often CLEAR TITLE. Not counting the one winter home in Scottsdale. (some HOA's down there you have to purchase/sell in CASH. it's required. One neighbour just did that.
@@user-zf3xb3qx8w another good post. ty
Because the value of the dollar is decreasing.
The value of ALL currencies is detonating.
3% inflation rate. Bay area is soaring due to supply/ demand & markets.
It's because of zoning laws that restrict supply
Also, people have rushed to buy assets ever since Covid.
@@hakujin1 Definitely not true as California has been losing people every year for the past decade.
Why are Bay Area home prices on the rise again?
Answer: Supply and Demand
Answer over regulation on builders in California. There is so much insane red tape they have to go through just to build something. They need to allow them to build 24/7, that would solve supply within the next 12 months easily
@@DZ302-Z28 well, there needs to be some laws to prevent greedy construction to build anywhere just for a quick profit and destroy a neighborhood
@@DZ302-Z28I am a developer here in the bay area. You are 1000% correct. 12 months before you can take a shovel to a house.
Also because the kinds of homes people want (townhomes, etc.) are illegal to build. It is injustifiable why almost every plot it is impossible to build anything other than single family homes.
Answer allowing a basic necessity such as housing to be treated as a speculative commodity that's main purpose is to make people/entities money would easily bring the cost of housing down. A good first step, prevent any non-singular entity such as a company, hedge fund, or investment group from purchasing real estate.
When has it ever decreased 🤷♂️
exactly what i am saying
One time in my lifetime
When we were buying in late 1998 in San Jose. We paid $5000 less than asking. Any other time? No way.
Million dollar plus homes, but the roads are still terrible, crime is rampant, and taxes are insane.
roads are good, crime rate is down, income tax is insanely but that shouldn't affect you much. 👀 🍿
@@hakujin1 Crime rate is down???
Crime is down because there are less police to report.
Crime is terrible and homeless are incredibly high as well@@hakujin1
Because we manufactured scarcity in housing to manipulate the market?
Supply and demand. There is limited space in SF to build and that won't change as population grows.
@@mnn1265I thought America was a big country
@@mnn1265Nope, developers are constantly shut down in SF. There are properties that COULD be developed but activists don’t let them due to the building affecting sunlight etc
1 Billion Chinese, and they all want to live in San Mateo County
🐉🐉🧧🧧
@@shad118 Have you bothered to do some research about SF? It's a very small city because of geography and also because of political restrictions. You'll not see any significant development because of these issues. Ever look at a map of SF?
Same as always. Low supply and high demand.
The reason the prices are still rising is Global investors in California real estate and the people that are benefiting are the ones smartly deciding on escaping this hellhole.Ask yourself why anyone in their right mind would pay millions over the average National rate for a home with homeless camps,Filthy streets,absent law enforcement, High Taxes, Lack of ability to insure the property and mentally ill and drug addicts are drug cartel people running the streets.The market is artificial and the endless price squeeze by investors and Pro traders is here permanently.No such thing as a normal neighborhood where people buy a home to actually live in.
Where are the states and cities where one wont find same scene same ghetto like
Bums in vehicles,drugies, needle users lazy
Living under freways living in abandon properies
Squaters
Come out from under the rock
This the new america post covid
Millions out on the street !
There WAS one in north El Monte. It's the last stand. Our compound since 1963. End of an era.
yes global investors and rich foreigners who buy for all cash. They then move here and get free medical and abuse our system.
If the price of carrots, potatoes, insurance, electricity, water & gas doubles, so will real estate.
Yup exactly
how come wage not double
@@adamnugent2137 Wages are not tied to inflation. Ask your politicians why not. I call it slavery.
Wage doesn't double, that's the reason why fewer and fewer can afford a house. the rent doesn't increase that much though.
lol “paid for by the national association of realtors” get a grip people prices are not rising at all. Sellers are listing lower. There’s tons of inventory and tons more coming online as spring starts. Buyers are few and far between. Prices are flat and going down.
Here comes instien
Lol have you looked ?? Prices are back on the rise since February, will keep going up too.
@@dantheman6607 yes every day. Sellers are strategically listing their homes for less $ bc there are less buyers. Prices aren’t going up, homes are being listed for less to drive multiple offers, closing “above asking” but below YoY. Prices have dropped significantly and will continue to drop, except for the most desirable areas which as in every city, hold well
I’m so glad I bought my new home in 2020….i wasn’t going to sell because I didn’t want get into another home with a higher rate, but for what I can sell it for now, the gain is more than enough to offset the higher rates
Rich techies driving up prices in the bay. Nothing new.
🐉🐉🧧🧧🐉🐉🧧🧧
1 Billion Chinese buying homes for their Mistresses and College age children
can you get the tech companies to move away?
@@hyphydan Chinese "suitcase" money left LA almost a decade ago, and prices went UP. there are lots of other inputs, old money, laundered money, stolen money, selling the farm in Iowa and heading to the coast money, only fans money.!!!
BLM @@user-zf3xb3qx8w
They aren't rich. They are high income.
You think the home cost is bad? Wait till they reassess the property tax at market value and the bill is over 20k. It's crazy what people are paying for old ass homes that would be barely 200k anywhere else. California has become a money pit in every department you look. You can have that so called great weather everyone is talking about. Between the bad policies, politics, crime, living cost, homelessness it ain't worth it.
Everybody has been into the Ponzi scheme, especially local government. these huge increases result in huge windfall taxes and go to pay huge wages for UNSKILLED city workers. My workmates girlfriend in W. Van. makes 38 an hour PLUS benefits booking swim classes for the city pool!! There is ONE city employee for every FIFTEEN homes!!! These "McMansions" starting in the late eighties replaced old biker one bdrom. cottages and now you have the taxes on 8 bedrm. 10 bath. so the Ponzi continues. No one in the USA or Canada comments on the huge increase in the tax revenue, allowing govt. employees across the board to make more money than a Red Seal Tradesman, and any downturn they KEEP their job. !!! Yeh, sooner or later it may implode, but for now, party ON.
Chinese Millionaires aren't concerned about that.
no reason for reassess unless you do complete remodel. Ca is awesome.
@@hakujin1 Yes, Only thanks to prop 13 which they, the legislators are trying to get rid of
whelp time to get the hell out.
Lol 😂 not if you bought in 2010 like me
Its like no one died during COVID 19
😂😂😂❤
The answer was at the end of the segment. Tech stocks are running hot. NVDA, META, GOOG, NFLX, etc. They make local housing affordable for the average home buyer in the $1.5-2.5M range.
when will housing market gonna crash? this can't last forever...
I sure hope so i can't stand my neighbor i hope prices go down 200%
throughout N. America (including Canada and even Mexico) the number of inputs and variables keep coming up. Posters have been commenting on the "coming downturn" in housing prices since the INTERNET was made a common public venue. Ain't gonna happen.
Why would a market crash that has massive demand and low supply? Answer, it won't.
Crash 😂 yeah ok
If the market did ‘crash’ a lot of people would be unwilling to sell at a loss and just stay in their homes, meaning there would be much less homes available to buy…
it might just be that everyone on earth wants to live in the Bay Area because the Bay Area has the best weather on earth. no boiling your butt off and no shoveling snow. nice and sunny 340 days a year with a average income of 110,000 and good jobs everywhere you look if you are looking to buy a home remember these three words before you do. LOCATION LOCATION LOCATION.🙂🍺☀⛱.
Is the Bay Area really that amazing? Must be nice to afford a small home for 2 million and think it’s a deal.
There’s so much opportunity out there that’s why
@@chrissypoo69what opportunity? Cali has the highest unemployment rates
@@Mrgotbandzzzz415 You're delusional. There are so many job openings they are begging for employees in CA cities.
Best weather in the world. I’ve traveled everywhere and nothing beats the Bay Area climate
what kind of jobs tho?@@mnn1265
i watched a video last week, they said sf house drop 5-8% from last year...here they're now
anyways happy april 1st
SF Vs Bay overall, two different things.
So just about 20% or less can actually afford those prices?😮
It only gets worse. Stock options can quickly become worthless. Gee when has that ever happened? It will be bloody and no bailouts this time.
she's so Happy
She's hot too😍
$860,300
The California median home price is forecast to rise 6.2 percent to $860,300 in 2024. Not just the Bay Area!
There's still lots of empty condos in the SF, l think those are next to be snapped up.
It is inflation plain and simple.
It’s crazy to me how you can not live in CA but still feel the need to post about the home prices, crime etc. Almost as if you can tell which people are bitter and had to move away because they couldn’t afford it!
I know friends from Texas and Ohio that come to Ca for work! If you work in tech you will make $$ if you work in the trades, (welder, lineman, firemen,etc). You will make $$. People will always come here looking for opportunity. Which there is plenty of!! As a lineman myself I can make 200k+ easy here! Of course I don’t like the politics or crime but with all this $$ and great weather, and can get from the ocean to surf and hit the mountains in under 5 hours to 🏂 it’s great! My buddy from Ohio just moved here for a welding job and he loves it! Says, “I thought this place was terrible because that’s all the news says”!!! Don’t bother replying I never read comments and completely ignore negative depressed people!!
Homeowners aren’t benefiting.
They have to pay higher property tax and they can’t sell their home and go out on a bidding war on another place. State, County and real estate brokers are the ones benefiting.
California homeowners don't pay higher property taxes because their homes are not re-assessed yearly as are in other states, the most they can increase is 2% a year.
@@Mike__BHe’s not even in California 😂 has no idea what’s he’s talking about
They sell their home and buy in a cheaper city or state.
@@sfrealestatedealmaker6001 wanna make a bet on that. Living in san jose all my life and I know what the hell I am talking about. Look at all the bonds racked in your property tax.
you know nothing. it is 2% max every year
I’m a general contractor and have lived in the Bay Area for 45 years and if I could I would pack it up and move tomorrow. It’s only going to get worse.
General contracting is a "KASH COW" now almost everywhere with all that upgrade money being spent like water out of a hose. You move to Shoshone Idaho and you'll starve.
Spoiled tech industry workers on visas making $150k-$300k annually + stock options is the reason. Maybe Us Americans should become programmers.
U must b joking
Too late, AI is coming fast
Yah AI will send them all home.
GEE lets c.....cuz people are willing to pay the higher price. What else are stock options for except to run the price of real estate up up up.
Taxes, zoning laws and government subsidized housing plans? Yeah, it's such a "mystery".
I just came back from the future 2030, median prices in Santa clara are $100 million dollars, so $1.8 million is a bargain. Still no thank you.
Bottom line must be because someone is buying them.
But who and how?
Well Cali did just raise minimum wage at some places. That means more money into the economy and prices go up.
STOP ALLOWING CHINA TO BUY ALL THE SINGLE FAMILY HOMES. WHY IS THIS STILL ALLOWED WHEN SO MANY AMERICANS ARE FACING HOMELESSNESS ?!?!?
SEVERAL STATES HAVE SUCH RESTRICTIONS. IF YOURS DOESN'T, WRITE YOUR STATE REPRESENTATIVE. BUT I SUGGEST AVOIDING ALL CAPS AS THEY WILL THINK YOU'RE SHOUTING AT THEM!
LOL - paying down with stock options. WOW - people are really desperate and getting creative.
How come these news outlets never say who is buying these homes, how they are affording it, etc. Yes, we know prices are on the rise, but who and why can "someone" be able to afford them. Any fact-based info from anyone in the comment zone?
Silicon Valley doesn’t crash for good. Never does and you’ll miss out time after time when it becomes impossible to buy due to new people always looking to make it in the bay with higher new salaries. Have to bite the bullet at some point to survive in the Bay Area or move somewhere less competitive.
Wrong, Austin TX is the new mecca of technology, The bay area is dying slowly but surely, those aware of that are selling and moving out, the rest can bite the bullet until they lose all their teeth to keep overly priced houses. anyone who bought a house in 2020 and up will never see his house reaching the price he paid for in years. So good luck
Everybody getting in position for rate cuts
Real estate values will go to the moon when they cut rates 🎉
Don't hold your breath.
At least a few hundred thousand or more people will be encouraged to leave the Bay Area after Nov. 5, prices will go down after.
So home owners are the benefits of this... if they pack up their entire lives and leave. Unless you were planning on leaving that doesn't sound like much of a benefit.
Sweet
MY GOD WE NEED MORE HOUSING
No, we need less people from 8 billion to only 800 million through one child policy
cool
all Bay Area homes will always be expensive more expensive than central valley home
Typical greed.
😆 keep telling yourselfs that 😆😆
😧
Dystopia
Sell now & get the hell out!
GREED. Simple.
$15/hour to $20/hour 33% inflation or dollar devaluation. The price of a house should increase 33.333% for the starting time of $15 minimum wage to now.
House price rises, blame the dollar devaluation. When dollar is free, then dollar is $O value.
🗑️
i'm glad i bought 5 rental properties in Bay Area 25 years ago ✌
You’re a rockstar my friend 🎉🍻
🧧🧧🐉🐉
China
Stop allowing foreign investment and people who are not legally born citizens. I am a millennial and can't afford even in Nashville of all places!
Nashville just convinced Larry Ellison to move Oracle's HQ there from Austin, TX. Keep saving, and if you know the good areas maybe don't wait too long. Fixer uppers may be the way to go, and CZcams tutorials are your friend.
@@harlanjackson6112 Nah, I am waiting for TN to become a dump like Portland, Austin, etc., Once Californians get in, it will go down. I am on my own timeline... not going to be rushed to make decisions. TN will look third-world soon.
Joe Biden's inflation?
Is it his fault the stock market is at an all time high 😂
You realize you have no idea what you're talking about? The funny thing is that someone actually gave your comment a thumbs up and that's hilarious. Strictly a politically motivated comment obviously.
@@mnn1265 you realize the stock market has set record highs under Biden right ? I don’t attribute that to him just like I don’t attribute inflation to him. Political?? He’s calling it Joe Biden’s inflation 😂 that’s political
@@dantheman6607 Trump takes credit for his stock market highs, gas prices while he was president and also blames Biden for global inflation during the pandemic.. why shouldn't Biden take credit for the soaring economy, falling inflation and massive economic growth? Oh, that's right because you just might be a Trump cult sycophant? Yep, political.
Yesssss! I own property in the bay area and I’m about to rent it for sky high !
It’s corporate greed, we own nothing.
The secret gov 👽 tryna move out all the humans