Millennial Home Buyer

by | May 8, 2017 | Bubbleinfo TV, Jim's Take on the Market, Market Conditions | 9 comments

A very realistic millennial experience? Stay until the end!

Hat tip elbarcosr:

9 Comments

  1. Eddie89
    Eddie89 on May 8, 2017 at 7:18 pm

    HA! Hilarious!

    Although, that “fixer upper” would easily sell for $500k in SoCal, multiple offers and all cash!

  2. Susie
    Susie on May 8, 2017 at 9:54 pm

    When I lived in Santa Barbara County (six years ago), there was a radio station that said, “Santa Barbara, where a fixer upper is $1 million!” Locals knew it was true. Tourists (then) thought it was a joke.

  4. Name
    Name on May 9, 2017 at 6:19 am

    If the boomers were sensible and dumped the oversized house and downsized when kids were in college, there would be no place for the boomerang to land. But then the boomers parents would also be buying up all the starter-sized housing. Double whammy.

  5. Jim the Realtor
    Jim the Realtor on May 9, 2017 at 6:59 am

    Good point – and probably another reason the lower-end is so hot.

  6. daytrip
    daytrip on May 9, 2017 at 2:42 pm

    Downsizing is a scary proposition if you’re remaining in So. Cal.

    Because Prop 13.

    What do you do if a broker screws up the deal because he/she’s an idiot? Sue him/her for the next ten years of lost prop 13 tax benefits? Good luck with that.
    Trading properties is a process where sometimes it’s a long way to home plate, and it ain’t over till you touch the plate. Some people just don’t have that bug up their a** to do things right, and on time, and never will. Including too many brokers.

    https://www.youtube.com/watch?v=Z1rAzmMXOKo

  7. Kimmy
    Kimmy on May 9, 2017 at 3:17 pm

    Maybe if the kid didn’t always have the latest Iphone 7,8,9 and stop hitting Starbucks everyday – he’d be able to afford. Plus not everyone deserves top of the line like kids think they all deserve today. Total Entitlement Society!!

  8. Daniel
    Daniel on May 9, 2017 at 4:57 pm

    I did a 13 and 60 on our purchase. It really is not that hard, but you do have to stay on top of the paperwork and the people in the tax assessor’s office. As side note, read both 60 and 90 and find the unequal treatment.

  9. Kimmy
    Kimmy on May 10, 2017 at 11:22 am

    When I bought my first place 30 years ago, I had ROOMMATES!!!

    Lots of roommates. That was the ONLY way to afford.

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