How Will Kids Afford A House?

by | Oct 4, 2019 | Jim's Take on the Market, The Future, Thinking of Buying?, Tips, Advice & Links | 5 comments

This new post about millennials and their housing/lifestyle expenses outlined by a Compass realtor in Houston made me think of the budget above which is more applicable to those of us in Socal.

https://notorious-rob.com/2019/10/the-truth-about-millennials-and-housing-with-nicole-lopez/

The takeaway? You should buy a house for each of your kids, just in case they can’t!

The Truth About Millennials and Housing with Nicole Lopez

5 Comments

  2. Jim the Realtor
    Jim the Realtor on October 4, 2019 at 4:58 pm

    Hey thanks – I saw it on twitter where someone else must have copied it first.

  3. Another Investor
    Another Investor on October 4, 2019 at 5:06 pm

    He uses the same template to make points about COL for various income levels – a $200k, a $300k and the $350k scenarios. He is primarily focused on San Francisco.

  4. Jim the Realtor
    Jim the Realtor on October 4, 2019 at 5:22 pm

    I saw a old home listing of a house that sold for $45,000 in 1964.

    This year’s sales price? $2,700,000.

    Where will prices be in another 50 years?

    If retiring boomers determine the outcome, then shouldn’t San Diego end up having the most expensive housing in the world?

  5. Another Investor
    Another Investor on October 4, 2019 at 5:29 pm

    My folks knew a UC Berkeley professor that was recruited to UC San Diego when it opened. Sold his bay view house in the Berkeley hills and bought an ocean view house in La Jolla for a lot less. Who wanted to live out in the boonies near a navy town back then?

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