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Topic

Real estate prices, starting to rise again ？.

Housing
#1
  • 賃貸貧乏
  • mail
  • 2020/02/21 10:50

I've been saving for a down payment for a few years to buy a house in Torrance or thereabouts.

Last year, real estate prices seemed to have leveled off a bit, so I was wondering if they would go down this year, but I've been looking at SOLD prices for the past few months and they seem to be higher than before.
And when they go on sale, they are PENDING a week later.
Maybe it will still go up?

Even if I hoard downpayments, the price goes up and I can't buy it after all~.
More and more I can only buy in remote areas ~ （ Tears ）.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#1413
  • 質問
  • 2020/11/05 (Thu) 11:21
  • Report

Hermit, I have a question.
I am in my 50's and am very unwilling to spend more than $ 3000 rents per month, but buying a house in LA is very difficult.
I am hesitant to buy because even if I could manage to pay the low interest rate mortgage, I am not sure if I can afford the excessively high property taxes.
So can I buy a $100K or $200K house out of state or in the suburbs, live in it for two years, sell it, and then transfer the low property taxes to the next house I buy in LA since I will be 55 years old ？
If I could do that, I suspect many 50+ would buy a cheap house for once. ？ I wonder if that could be done.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#1415
  • まあ
  • 2020/11/05 (Thu) 11:39
  • Report

Young people can work, and incomes will go up with inflation in the future.
Even part-time now, an hour $ is 15 ？ I think the salaries are so high that it was unthinkable in the past.
I heard stories of elderly people who bought houses for $70,000 or $80,000 in the past, and they said the value of their money was completely different.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#1416
  • w torrance
  • 2020/11/05 (Thu) 12:30
  • Report

1413
Good question. I'm not sure either, but I think it's only
people who have homes now, but it's possible.
It's worth looking into.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#1417
  • 仙人
  • 2020/11/05 (Thu) 13:01
  • Report

Mr. 1413.

I will figure out the details, but I think there are some restrictions such as living in the area for more than 2 years or
less than $1,000,000.
I think you should check with an expert.

But a house is not just property tax.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#1418
  • #1413
  • 2020/11/05 (Thu) 13:12
  • Report

Thank you very much. I am afraid for my future if I don't manage to keep my property taxes down from $ 4000 to $ 5000 per year.
I don't want to be stuck paying $10,000 in property taxes every year in the future.
That said, I know I should buy now because I'm throwing away $40,000 a year in rents, $400,000 in 10 years, and in 20 years I could have bought a house long ago.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

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