2,684,209
The people behind the Los Angeles Times (the source for the Yahoo article) are irrational.
The article ends with, "But at the time of sale, let’s tap the seller with a small equity tax, and funnel that money into workforce housing and better schools in every neighborhood."
Why did an article on California house prices end with a call for increased Taxation?
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Anna "Banana" Kruchten
Phoenix, AZ
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Thomas J. Nelson, REAL...
La Jolla, CA
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Kathleen Daniels, Prob...
San Jose, CA
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Carla Freund
Raleigh, NC
-
Debe Maxwell, CRS
Charlotte, NC
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Candice A. Donofrio
Fort Mohave, AZ
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Joan Cox
Denver, CO
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Nina Hollander, Broker
Charlotte, NC
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Gary Frimann, CRS, GRI...
Gilroy, CA
-
John Pusa
Glendale, CA
-
John Juarez
Fremont, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
1,311,772
The article is an opinion piece and not real news. There is already a bill in the the California legislature that seeks to penalize those who sell their house in less than seven years with an exorbitant income tax. Bigger the first few years and tapering off later. Now, the writer of the article is proposing a tax for those who hold or have held their houses for a long time and benefited from the increase in value when they sell. Both of these proposals fly in the face of Federal Tax Rules that give a break to those who sell their principal residence after having lived in it for two of the proceeding five years.
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Thomas J. Nelson, REAL...
La Jolla, CA
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Wanda Kubat-Nerdin - W...
St. George, UT
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Kathleen Daniels, Prob...
San Jose, CA
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Carla Freund
Raleigh, NC
-
Debe Maxwell, CRS
Charlotte, NC
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Joan Cox
Denver, CO
-
Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Fred Griffin Florida R...
Tallahassee, FL
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John Pusa
Glendale, CA
3,126,213
People are going to pay today what the market/seller's demand and potentially pay a greater price later, after the market shifts again and property values decline. We will see.
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Thomas J. Nelson, REAL...
La Jolla, CA
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Kathleen Daniels, Prob...
San Jose, CA
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Debe Maxwell, CRS
Charlotte, NC
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Candice A. Donofrio
Fort Mohave, AZ
-
Nina Hollander, Broker
Charlotte, NC
-
Brenda Mayette
Glenville, NY
-
Gary Frimann, CRS, GRI...
Gilroy, CA
-
John Pusa
Glendale, CA
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Fred Griffin Florida R...
Tallahassee, FL
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John Juarez
Fremont, CA
3,345,257
People have money and are more than willing to throw whatever is needed to get a home in a hot seller market.
Does that make them irrational? I bet they don't think so.
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Thomas J. Nelson, REAL...
La Jolla, CA
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Carla Freund
Raleigh, NC
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Debe Maxwell, CRS
Charlotte, NC
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Nina Hollander, Broker
Charlotte, NC
-
John Juarez
Fremont, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Fred Griffin Florida R...
Tallahassee, FL
-
Gary Frimann, CRS, GRI...
Gilroy, CA
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John Pusa
Glendale, CA
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Kathleen Daniels, Prob...
San Jose, CA
2,781,313
People without a doubt. The housing market answers to Real Estate cycles, the market, acts of man, acts of God.
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Carla Freund
Raleigh, NC
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Debe Maxwell, CRS
Charlotte, NC
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Nina Hollander, Broker
Charlotte, NC
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Brenda Mayette
Glenville, NY
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John Juarez
Fremont, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Fred Griffin Florida R...
Tallahassee, FL
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Candice A. Donofrio
Fort Mohave, AZ
5,049,488
Well, however you describe it it's the people that make the housing market what it is.
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Thomas J. Nelson, REAL...
La Jolla, CA
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Carla Freund
Raleigh, NC
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Debe Maxwell, CRS
Charlotte, NC
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Nina Hollander, Broker
Charlotte, NC
-
Gary Frimann, CRS, GRI...
Gilroy, CA
-
Fred Griffin Florida R...
Tallahassee, FL
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John Juarez
Fremont, CA
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Wanda Kubat-Nerdin - W...
St. George, UT
2,436,470
Double the list price which was apparently based at market pricing? So the market indicated $1.2M was a rational price. 60 offers, multiple offers over $2M. Even with deep pockets, why would you want to pay double what a house was worth? To write off the loss when you sell it?
That area needs a deluge of inventory to stop the insanity.
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Kathleen Daniels, Prob...
San Jose, CA
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Carla Freund
Raleigh, NC
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Debe Maxwell, CRS
Charlotte, NC
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Candice A. Donofrio
Fort Mohave, AZ
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Nina Hollander, Broker
Charlotte, NC
-
Fred Griffin Florida R...
Tallahassee, FL
-
John Juarez
Fremont, CA
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Wanda Kubat-Nerdin - W...
St. George, UT
1,052,321
I'm like okay so what part of California is this? South Pasadena, very nice but these people are overpaying and I hope they don't think things will continue to appreciate forever because they won't.
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Carla Freund
Raleigh, NC
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Debe Maxwell, CRS
Charlotte, NC
-
Nina Hollander, Broker
Charlotte, NC
-
John Juarez
Fremont, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Fred Griffin Florida R...
Tallahassee, FL
-
Gary Frimann, CRS, GRI...
Gilroy, CA
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John Pusa
Glendale, CA
5,230,164
PEOPLE (Buyers) are solidly proving the age-old definition of market value; market value is what someone is willing to pay.
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Joan Cox
Denver, CO
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John Pusa
Glendale, CA
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Wanda Kubat-Nerdin - W...
St. George, UT
-
Kathleen Daniels, Prob...
San Jose, CA
-
Fred Griffin Florida R...
Tallahassee, FL
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Roy Kelley
Gaithersburg, MD
1,544,068
The housing market is people, so one in the same.
The stock market and the real estate market self-inflict wounds constantly because they knee-jerk react emotionally; when if they operated pragmatically or "rationally" they'd suffer far fewer troubles.
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Thomas J. Nelson, REAL...
La Jolla, CA
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Wanda Kubat-Nerdin - W...
St. George, UT
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Kathleen Daniels, Prob...
San Jose, CA
-
Roy Kelley
Gaithersburg, MD
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Debe Maxwell, CRS
Charlotte, NC
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Nina Hollander, Broker
Charlotte, NC
4,161,147
Hello Gary Frimann, CRS, GRI, SRES probably combination of market and people.
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Kathleen Daniels, Prob...
San Jose, CA
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Debe Maxwell, CRS
Charlotte, NC
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Fred Griffin Florida R...
Tallahassee, FL
-
John Juarez
Fremont, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Gary Frimann, CRS, GRI...
Gilroy, CA
5,104,931
It's all about supply and demand... a basic economic concept... is it an irrational concept? I suppose that depends on how you think about it.
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John Pusa
Glendale, CA
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Wanda Kubat-Nerdin - W...
St. George, UT
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Kathleen Daniels, Prob...
San Jose, CA
-
Fred Griffin Florida R...
Tallahassee, FL
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Roy Kelley
Gaithersburg, MD
7,836,698
No. Simply, supply and demand.
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Joan Cox
Denver, CO
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Wanda Kubat-Nerdin - W...
St. George, UT
-
Kathleen Daniels, Prob...
San Jose, CA
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Debe Maxwell, CRS
Charlotte, NC
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Nina Hollander, Broker
Charlotte, NC
5,217,433
One man's junk is another man's treasure. So irrational for one is not for another.
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Wanda Kubat-Nerdin - W...
St. George, UT
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Kathleen Daniels, Prob...
San Jose, CA
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Roy Kelley
Gaithersburg, MD
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Debe Maxwell, CRS
Charlotte, NC
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Nina Hollander, Broker
Charlotte, NC
6,393,609
Both are rational.
People need a home, and the current supply and demand requires all to act accordingly if they want to buy a home.
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Wanda Kubat-Nerdin - W...
St. George, UT
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Roy Kelley
Gaithersburg, MD
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Debe Maxwell, CRS
Charlotte, NC
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Nina Hollander, Broker
Charlotte, NC
1,422,313
Supply and Demand wins out in our economy. Also, people HAVE to have a place to live. They do not NEED a big screen TV or the latest automobile. Also the number of people moving to our country creates even more demand for housing and real estate.
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Wanda Kubat-Nerdin - W...
St. George, UT
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Kathleen Daniels, Prob...
San Jose, CA
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Roy Kelley
Gaithersburg, MD
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Debe Maxwell, CRS
Charlotte, NC
195,422
Are you saying that if someone spends their money in a different way than you do than they are irrational?
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Brian L. Sirota, Esq.
Orange, CA
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Debe Maxwell, CRS
Charlotte, NC
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Karen Climer
Orlando, FL
1,197,555
It’s not a negotiation anymore, it is a competition.
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Wanda Kubat-Nerdin - W...
St. George, UT
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Roy Kelley
Gaithersburg, MD
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Debe Maxwell, CRS
Charlotte, NC
901,902
Someone found a treasure map and believes there's a treasure buried on that lot. So, very rational.
Seriously, it is supply and demand. We have a home shortage and someone really wanted to be in that community.
Once building catches up with the demand things will cool off for a while in many areas.
As far as taxes, I'm kinda tired of everyone thinking the government should tax someone for benefiting when they make smart decisions.
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Wanda Kubat-Nerdin - W...
St. George, UT
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Kathleen Daniels, Prob...
San Jose, CA
5,868,699
I think the market is, and causes people to become irrational too!
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Roy Kelley
Gaithersburg, MD
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Debe Maxwell, CRS
Charlotte, NC
764,033
Gary Frimann, CRS, GRI, SRES I believe that people are like sheep. They buy because everyone is buying and the sell when people decide to sell. It's like having a universal mind. Thinking people study history and know that the end will always eventually come but when it happens seems to always be a surprise to most people.
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Debe Maxwell, CRS
Charlotte, NC
900,278
911,458
1,076,551
Yes ; )
The saying "A fool and his money are soon parted" comes to mind.