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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)

#1425
  • どーだろ
  • 2020/11/05 (Thu) 15:58
  • Report

Does this apply even if you buy a house out of state?

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)

#1426
  • #1413
  • 2020/11/05 (Thu) 17:21
  • Report

Thank you #1416 and #1424.

Even if you are not out of state, you can buy a nice house with a big yard in Riverside county or San Bernardino county for about $300,000.
It is not so far from LA, and I can go shopping at the Japanese market in West Covina once a week. I would really appreciate it if the new property tax proposition applied.

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)

#1427
  • 仙人
  • 2020/11/05 (Thu) 21:49
  • Report

Out of state is not possible. Now it was only county-less, but
with this election, it should be better anywhere in the state.

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)

#1429
  • #1413
  • 2020/11/06 (Fri) 13:05
  • Report

Yes, that would really help ！
If you live in the suburbs for only two years, your monthly payment $ will only be about 1000, so you can save money.
That will give you more time to find a house for the next two years and keep your property taxes $ under 4000 in the future.
Thank you very much for your very good information.

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)

#1435
  • #1413
  • 2020/11/06 (Fri) 17:35
  • Report

#1430

If the price goes up $100,000 in two years, your monthly payment will only change by $ about 400 at the same interest rate.
If you buy a cheap house in the suburbs at the end of the year or beginning of next year, you will save over $50,000 or $60,000 in two years, and you can transfer just over $ 3000 a year in property taxes to your next house.
At that point, you will have no difference in monthly payments if the price goes up.
I hear that interest rates are low until probably 2023, so I will do my best to buy this house early in 2023.
Still, I wish I had bought a house earlier. I never thought it would be so expensive. 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)

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