im a small business guy who sold my small retail business in L.A.

[busterbrown]

Last edited Thu Aug 3, 2017, 01:41 AM - Edit history (1)

right before the crash of 2007/8.. I made out o.k. I saw the writing on the wall..Housing in my area was becoming more instable by the day.

I’m telling you that the next bubble in real estate is about to begin again.. I still have an up scale retail business and I deal with millenials every day. They are beginning to bail.. Getting out of L.A.. The jobs available except for high end tech jobs are not even close to covering what our economy needs The kids who are not finding the high end jobs out here are beginning to bail.. On average most of them stayed about 5 yrs, but for so many of them they have had it!

[R B Garr]

1. The entry level places have so much competition

with the all cash flippers anyway. I heard a realtor saying that about 4 out of 10 buyers are all cash in that entry price range. So it's hard even for qualified conventional buyers to have an offer considered.

[Initech]

2. The rent is too damn high and the pay is too damn low.

It's a perfect storm waiting to happen. Thanks republicans.

[barbtries]

3. it's so sad to me

i moved to NC from LA going on 10 years ago, but it's still home. however when i think about going back home it's the price of housing that stops me every time. i have a nice townhome here that would be worth at least 4 times as much there and probably more, and if i was to move back home, i would be poor again, working my ass off just to pay the rent.

it looks as if it is my fate that i will live out my days homesick. or settle on a shack out in the desert. as it is my granddaughter has grown up without me.

i might even have an opportunity for a job out there, but making even more than i do here will still not buy me the nice lifestyle i currently enjoy. it is excruciating.

i also believe that the bubble is set to burst and the worst thing about it is the speculators and cash rich investors will be poised to pick up all the real estate on the cheap and blow it right back up. the people will lose.

[WinkyDink]

4. The people have always lost, throughout time and geography.

[barbtries]

5. must be time for the people to rise.

of, for, and by the people...