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Comments by "" (@jmitterii2) on "Obama Secretly SCREWS First Time Home Buyers On Way Out The Door" video.
Exactly.
1
This is price manipulating. Was wondering sales were so high. Chinese equity firms and individuals are buying up property in Boise Idaho LOL! What they don't realize, we have the biggest death bubble. Bunch of Californians at retirement tend to buy a home in Idaho, since homes relative to California are super cheap. Sell a 1300-1800 sqt home in CA selling for about million or more. Then buy a home in Idaho, Boise from $300K for expensive areas to as low as $140K. When they're dead, homes will be up for sale. Lots of homes. Like a 3rd of homes in the Boise area will be up for sale starting 15 to 20 years from now. Possibly sooner. Retirees tend to be in their mid 60's, life expectancy is 79.
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