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Started By
Message
Home Values Are Rising by $800 a Day in San Jose, CA
Posted on 4/10/18 at 2:57 pm
Posted on 4/10/18 at 2:57 pm
quote:
Typical U.S. homeowners are gaining more than $50 of equity in their homes during every eight-hour workday, according to an analysis from Zillow. Price gains in some parts of the country have been significantly higher. In booming tech cities San Jose, San Francisco and Seattle, appreciation of the typical home added the equivalent in wealth of a six-figure annual salary.
Zillow senior economist Aaron Terrazas said, "For homeowners that have already or are very close to paying off a mortgage, this supplemental ‘income’ – especially if allowed to accumulate over several years – can essentially serve as a kind of second job that pays directly to a homeowner’s bottom line, without nearly as much actual work involved in collecting it."
LINK
Posted on 4/10/18 at 2:58 pm to Street Hawk
Which also means people who are trying to get into the housing market are chasing a moving target...
Posted on 4/10/18 at 2:59 pm to Street Hawk
Doesn't seem sustainable. Notice they are all coastal towns.
Silly Cali. Land of the haves and have nots.
Silly Cali. Land of the haves and have nots.
Posted on 4/10/18 at 3:00 pm to Street Hawk
Making $100/hour on your house.
Nice work if you can get it!
Nice work if you can get it!
Posted on 4/10/18 at 3:00 pm to Street Hawk
The housing market in Nashville is BOOMING
Posted on 4/10/18 at 3:01 pm to Street Hawk
It'll fall back eventually...right? RIGHT?
Posted on 4/10/18 at 3:04 pm to Street Hawk
In Santa Cruz a dbl wide trailer is 200-300k..just insane
Looks at this beauty for 950k
Looks at this beauty for 950k
This post was edited on 4/10/18 at 3:10 pm
Posted on 4/10/18 at 3:07 pm to Street Hawk
I moved there after college, 2000, and it was already too expensive to afford. We moved to San Francisco because I preferred paying $2k for a 1 bedroom in the city over a 2 bedroom in SJ.
Posted on 4/10/18 at 3:15 pm to Street Hawk
Too bad you can’t chip off pieces of your house and take it to the grocery store.
Wait a minute....
Wait a minute....
Posted on 4/10/18 at 3:16 pm to Street Hawk
quote:
Home Values Are Rising by $800 a Day in San Jose, CA
People are getting tired of living in San Francisco....only an hour drive between the two
Posted on 4/10/18 at 3:20 pm to Street Hawk
so in touch with the common person
Posted on 4/10/18 at 3:28 pm to Street Hawk
And still dropping $800 a day in Laffy.
Posted on 4/10/18 at 3:55 pm to Street Hawk
quote:
Home Values Are Rising by $800 a Day in San Jose
Aw, you made a rhyme.
This post was edited on 4/10/18 at 3:56 pm
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