/biz/ - Business & Finance

>>49358312
Maybe in the 70s or 60s. It was still affordable in the early 90s, stopped being right around the early 2000s.

>>49358415
this
before silicon valley became a thing, land was cheap over there. now it will be silicon prairie

>>49358312
My childhood home was a 2700sqft 4bed/2.5bath on a half acre lot in Rancho Bernardo. Was only $200k in 1997. About $1.5m today.

My home is a mile or two from the beach in SoCal and I paid 550k single family home no hoa under 3%intrest 20% down in 2020 just gotta know where to look.

>>49358312
If gen z can't afford homes we should just start doing mass shootings, they can't stop lone wolves across the country. haha totally joking guys def not serious

>>49358312
Before 2000 yes. Before 1980, you could buy a home on the beach in Malibu for less than 100k.

>>49359241
>haha totally joking guys def not serious

>>49359359
On government buildings and well deserved people not innocents i mean. like an irs or federal reserve building. did you know the federal reserve is a private bank?

Kinda, in the late 90s

Yes and it will be again in 2-3 years

Yes, although not as cheap as areas like the Midwest and South. My parents lived in San Diego in the 80s and houses were like $100k then. Adjusting for inflation that would be $260k today. Cheap houses are like $800k there now and actual nice ones are even more.

>>49360662
what state?

>>49359564
haha nice meme

>>49359564
Enjoy prison dumbass

>>49360764
I would kill myself before that happens

The house I grew up in was purchased for $32k in 1962 (inflation adjusted 300k range, probably worth between 1.7mil-2mil now), but considering the emerging trend where houses started being treated as assets, not really that out of line, was still on the high end for 1962 just like it is now. Bitching about the cost and politics aside, California is a great place to live. I can wear a t shirt and shorts 340 days a year. Having also lived in places where you cannot do anything like that, I place a lot of value in good weather, sun, and access to diverse environments with small travel distances. Yeah it sucks getting eviscerated with taxes but I've done the math on what I can afford in most other states and it's not worth the move.

>>49359564

>>49358312
iunno man, I read a very famous taught-in-school book about how Californie was a fool's paradise already bought up 10 generations ago, all the good land passed from hand to hand, and plastered with a façade of luxury to keep a steady stream of cheap emigrant labor flowing in. I don't have much personal experience Out West but... It was a hundred years ago someone wrote America's greatest novels on the subject, and he knew an awful lot about what he was writing. Everyone had to find a foothold somewhere.

>>49360723
San Diego is in California which was OP's topic fren

>>49359564
Go back to /pol/, you glow in the dark.

>>49358312
To a vancouverite that listing is affordable

>>49359241
Cringe

>>49362775
Americans dont know how good they have it compared to the rest of the world lmao

>>49362775
>>49359061

is everyone in LA a programmer or something
im seeing alot of 3 bed houses which arent modern that are like 1.2 OR 2.1million dollars.

wouldnt you need a salary of like 250k as a couple to afford these

>>49362775
whats the average salary of people who buy this?

>>49362790
Don't you have some dilation to do?

Im a retard in real estate market but why don't people sort by lowest price first and look for the areas that they want? so many good ass houses for les than 500k.

>https://www.redfin.com/CA/Los-Angeles/267-San-Pedro-St-90012/unit-102/home/8182382
>https://www.redfin.com/CA/Los-Angeles/7708-Crenshaw-Blvd-90043/unit-3-4/home/105543969
>https://www.redfin.com/CA/Woodland-Hills/22100-Burbank-Blvd-91367/unit-350F/home/4003748
>https://www.redfin.com/CA/Encino/5460-White-Oak-Ave-91316/unit-G206/home/4771879

>>49358312
>L.A
you don't want to live there, you might like it just to visit and fuck around but you don't ant to live there

>>49358454
kek. give it up KCfag. you don't want the midwest to go the way of Texas.

>>49360794
Based Califag. If you're even slightly /out/ Califagnia is the place to be.

>>49363008
that's not a house anon...

>>49363131
Its a condo, unless I'm blind and its actually something else.

I'm just trying to understand as long as a person has their own place, why does it matter if its not a multi-level building all to their own?

I just want to own a house in case the greatest depression ever happens.

>>49363008
>1 bed 650 sqft 350k

It's cheap right now. You just havent adjusted your mind to accept inflation yet.

>>49364780
whats funny is that i own property in florida, it literally went from 180k to 475k in 5 years. Meanwhile all my friends who said buying property is ghetto have paid out hundreds of thousands of dollars

>>49359241

>>49358454
>now it will be silicon prairie
if only it was a glass prairie

>>49358312
I saw the mortgage deed one time for the house I grew up in (near Sacramento). 1800sf, on four acres, with a barn, a well, stable/paddocks, horse arena, and studio flat above the barn. $175,000 in 1987. Today it's probably >$1.5M, I don't even wanna check.

>>49362775
those are in canadian dollars

thats like worth $17.50

>>49363245
>wants to own a house before reset
>wants to take on huge debt on overinflated property you pay taxes on

doesnt sound like a good idea dude. owning a home use to be a no brainer but now......why?

>>49359564

>>49363008
> Crenshaw
Street from gangster rap song. Have fun.

>>49359564
based
kill feds, judges, bankers, and kikes in general

>>49359241
>>49359564
Or you can build a community like the Amish and help each other build houses for each other. But that requires more work than writing some meme manifesto with 80 pages talking about boby armor.

My childhood home in riverside was 150k
same house is about 4.75x that now

>>49358312
Actually not that bad for under $2 million if you MUST live in LA.

>>49358312
-the transistor happend
-actual pro nerds turned up to do poot poot
-turns out doing poot poot makes lots of money and you can wander round in flip flops and jorts because pro nerds don't need supervising and will just self start tasks in work and at home so don't need to pressure them to actually do something useful
-normies are all like
>WHOA SHIT! POOT POOT IS COOL NOW AND M3 AND SHIT.
-que vast influx of normis who are all now supposedly electronics, science and poot poot grey beards
-que absolutely insane rise in housing as people m3 the quarter of a milly "user base landscape analyst" make work roles
>HEY.... BUSTER.... MY CONTRIBUTION IS EQUALLY WORTHWHILE AND INFACT EVEN MORE WORTHWHILE THAN THESE DUMB GIMPS MESSING AROUND WITH THEIR "CODEZ".... but obviously "codez" and you're all worthwhile members of my team too...
-que now

>>49362875
>is everyone in LA a programmer or something
Yes. A couple would easily bring in 250 to 300k.

>>49358312
yes boomers bought houses for not much more than the median national home price. today it's much worse. pic related https://lao.ca.gov/reports/2015/finance/housing-costs/housing-costs.pdf

>>49358312
Picking a house in the middle of West Hollywood, one of the trendiest areas in the entire country, feels a little disingenuous.
>>49363065
Depends on your income. If you're in the bottom half of of the income ladder, then I'd agree that it's a shitty place to live relative to many cheaper areas. If you're in the top 5% there are plenty of starter homes in most parts of the city, and once you've reached the latter stages of your career you'll have access to places like the west side, Irvine, Newport Beach, or other areas where homes regularly surpass $5m.

>>49367693
it was over by 1980
can't wait for the coastlines to recede so that there's nothing left of those fuckers

>>49358312
The state began with a literal gold rush.

Pretty much the only reason why California is so expensive is because of the weather and beaches. There's absolutely nothing different compared to other states outside of that. California is just a bunch of tourist traps you could visit in a week. The funny part is people go to this place to try and make it but don't realize its full of nepotism. Actually moving here would only make sense if it has something to do with your job but even then I wouldn't do it because your cost of living would be absolute shit.

>>49367693
>>49367821
If millennials/zoomers/anyone who plans to retire after 2035 plans to survive, boomers will need to have most of the wealth they 'earned' through QE taken back and distributed to younger people. The last 40 years have been boomers basically giving 30 trillion to themselves and 30 trillion to the third world at the expense of their kids and grandkids. As long as they're in power they will continue to assfuck you with the "it's mine, got mine" mantra. Only by taking the selfishpill can people under 50 have a fighting chance to maybe not die in a literal ditch in 30 years.

>>49362884
500,000,000,000 social credit

>>49359564
well memed fellow /biz/ poster, top zozzle!

>>49359241
>Glowie post inciting violence
>green id

Every time

>>49359241
They will just say you're a racist and we need to take more guns and install more metal detectors in elementary schools and get counselors to abuse you.

>>49364841
Nothing in Sac is worth 1,000,000 or above. Hell I'm seeing places in Auburn going for that.

Bay area anon here

Prices here will only drop with some mass building projects. I live in a suburb but I think this area becoming fully urban is inevitable. Problem is that people prefer suburban homes to urban ones, so they keep moving out and driving up home prices in the inland regions, rather than pushing for urbanization here.