simple. tax foreign ownership so high that it makes zero sense for foreign owners to have RE in US. Irvine will go down so fast that it won't even be funny.
I’m not going to stand here saying the fed is perfect. But at the same time, we need to recognize their job is difficult. Hindsight is always 20/20. I think they did a decent job taking inflation from 9% to now 3%.
I do think they are doing their best and with their current approach, I’m not as...
rates have been shooting up and I would argue we might need to increase rates if cpi keeps on coming in hot. Nowhere near decreasing rates. It’s either stay as is or it goes up at this point. So with new construction you have to wait 6+ months for the home to be built assuming no delays to...
you're right but that wasn't my point. point is there will always be more people than homes. even with the 2008 recession, inventory nationwide rose to 3m? It's now 1m I think? So using number of individuals in an area to show if there exists demand or not is not a good representation of market...
I think I've been the only one saying that we weren't near rate cuts any time soon in 2023. My gut tells me inflation is way too sticky to lower rates anytime soon. I'll be surprised if we even see any cut this year unless a black swan event occurs.