LA-OC home prices 10 times greater than incomes, report finds
www.ocregister.com
An Orange County homebuyer with a 3.5% down payment would have to earn just over $420,000 a year to afford payments for a median priced home.

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An Orange County homebuyer with a 3.5% down payment would have to earn just over $420,000 a year to afford payments for a median priced home.

  • xmunk
    3·
    5 months ago

    The boomer die off is coming - when that generation starts to really drop like flies we’ll see millennials offloading property and a likely deflation of the market. The issue right now is that boomers are making so much money off their properties that many of them own multiple homes and a fair few have dozens of rental properties.

    The danger is that corporate landlords start scooping up the estate sales.