Comments by "J Garcia" (@jorge1170xyz) on "New Home Fire Sale In California | Inland Empire" video.

  1. There is absolutely no monthly income possible from these homes, unless you have half the cost as a down payment.
    3
  2. This is Fontana, so they are aiming these communities at up-and-coming Latinos...but the primary reason Latinos are currently doing so well...is due to the ABUNDANT CONSTRUCTION! Just think about how that virtuous spiral can easily turn into a vicious spiral very easily if/when credit contracts. Awesome video.
    3
  3. I remember the IE booms and busts in the 90s and the 2000s. There is every reason to believe that nothing has changed. Greed is constant in humans.
    3
  4.  @mans5640  Explain to me what happens to a "home builder" who stops building homes? Do they start selling cookies to make the lost income? The owner might retire to the bahamas, but what happens to the workers? Do they go to another builder, who is also not building? When building is 10% of the nation's ecomomy, there is no easy way out when credit tightens. Builders can either overbuild, which drives down prices, or lay off everybody, which causes a recession, and drives down prices anyway.
    3
  5. If History is any guide, the overbuilding in AZ and NV eventually lead to homes that are so comparatively cheap, that California folks pick up and leave, driving demand and prices down in California too. At some point, it has to happen as humans are no smarter, nor less greedy, than we were before, and most likely the opposite is true.
    2
  6. Thank you.
    1
  7. *Travis :-)
    1