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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 ).

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#352
  • Omfg
  • 2020/04/27 (Mon) 22:26
  • Report

I have an acquaintance who owns several restaurants and had a monthly income of $800,000 but has no income due to the shutdown. They are closing completely because they can't make a profit just by taking food out to go and they are losing money. The rent is also very expensive, so he has no future. I heard that they own stocks and real estate, but the tenants are in arrears on their rent. I guess low income people will make up the majority in the % because there are not many rich people, but the damage to the rich people is not half as bad.

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#353
  • オポ
  • 2020/04/28 (Tue) 00:34
  • Report

If you were an owner and had a monthly income of $800,000, you would have saved money.
Or, all restaurant sales ?.

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#355
  • 蓄え
  • 2020/04/28 (Tue) 06:39
  • Report

If you are closing the restaurant completely because it is unprofitable to just take out and make a loss,
that would be correct.
If you have $800,000 a month in income, you have enough reserves to close the store for a month or two
and you'll be fine.

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#356
  • 良うわからんが
  • 2020/04/28 (Tue) 06:43
  • Report

I knew a restaurant that was medium sized and thrived there, but the owner and his wife worked from morning till night without a break until they were in their 70's, and it seemed like a lot of work.
If it's profitable, why not retire early ??

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#357
  • 親子兄弟の絆
  • 2020/04/28 (Tue) 07:14
  • Report

There seem to be many restaurants run by parents and siblings.

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