Los Angeles real estate prices…. (Post fire)

[@dustinhodges9987]

Really appreciate your informed perspective. Thank you

[@Cameron.Desborough]

@@dustinhodges9987 Thank you for your kind words. And your welcome 🤗

[@eliastahan2394]

Good points and thoughts.

[@Cameron.Desborough]

@@eliastahan2394 Thank you that’s very kind of you to say. 😊

[@santiagograciano8402]

Average home price to income ratio is around 10. I don't know how people can afford these million dollar homes in the ghetto?

[@Cameron.Desborough]

@@santiagograciano8402 Yeah you’re right. Real estate has become very unaffordable in Los Angeles. But that’s nothing a natural disaster or fire can’t handle. I genuinely believe these fires could create a huge recession for Los Angeles. The earth quake back in 1994 brought down home prices.

[@santiagograciano8402]

@@Cameron.Desborough I hope they do bring down prices back to earth. Irrational excuberance.

[@FlashRyu]

⁠@@Cameron.DesboroughI was in that Northridge earthquake, I was 1 year old. That’s good to know, I thought home prices might come down after these prices, I guess once they start building all the new homes there’ll be much more supply driving prices down a bit. 🥳

[@FlashRyu]

@@santiagograciano8402yeah like how does it even make sense how ghetto houses built in the 80s or whatever are $750k to $1 million? The government or powerful corporations are like manipulating the market and trying to correct it with this fire or something.