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Post by Deleted on Feb 25, 2018 19:51:52 GMT -5
I was curious about this stupid Occupy Democrats bullshit that keeps showing up in my FB feed, so I went looking to see who it was that was behind that half witted site. And wouldn't you know it? Two immigrants who relied on government assistance for the first two years they were here, because they came here without a skill set or a plan. And now they are making money by pumping fake news opinion pieces and memes out to the drooling left. Unbelievable. www.miaminewtimes.com/news/omar-and-rafael-rivero-the-mexican-american-twins-behind-occupy-democrats-9699820
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Post by Deleted on Feb 28, 2018 14:56:11 GMT -5
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Post by PatSox on Feb 28, 2018 15:01:58 GMT -5
I was curious about this stupid Occupy Democrats bullshit that keeps showing up in my FB feed, so I went looking to see who it was that was behind that half witted site. And wouldn't you know it? Two immigrants who relied on government assistance for the first two years they were here, because they came here without a skill set or a plan. And now they are making money by pumping fake news opinion pieces and memes out to the drooling left. Unbelievable. www.miaminewtimes.com/news/omar-and-rafael-rivero-the-mexican-american-twins-behind-occupy-democrats-9699820What do you have a problem with capitalism?
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Post by daywork on Mar 1, 2018 8:52:32 GMT -5
Just read an article of a school in Ithica NY. Some highschool was going to do a play on the hunchback of Norte Dame. A black girl got the lead roll, then quit. The 2nd choice was a white girl. After the white girl was given the lead, protests began. They said the white girl "had blue eyes, blonde hair and is the epitome of whiteness" The school shut down the play.
Its a shame the school can't teach racism isn't right in any form.
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Post by Deleted on Mar 1, 2018 9:53:23 GMT -5
I was curious about this stupid Occupy Democrats bullshit that keeps showing up in my FB feed, so I went looking to see who it was that was behind that half witted site. And wouldn't you know it? Two immigrants who relied on government assistance for the first two years they were here, because they came here without a skill set or a plan. And now they are making money by pumping fake news opinion pieces and memes out to the drooling left. Unbelievable. www.miaminewtimes.com/news/omar-and-rafael-rivero-the-mexican-american-twins-behind-occupy-democrats-9699820What do you have a problem with capitalism? In this case, sure. Just because you love something doesn't mean you should proclaim it perfect. My issue is with those who benefit from capitalism while they try to destroy it. Kinda like Bernie and his $600k vacation home.
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Post by PatSox on Mar 1, 2018 9:56:22 GMT -5
What do you have a problem with capitalism? In this case, sure. Just because you love something doesn't mean you should proclaim it perfect. My issue is with those who benefit from capitalism while they try to destroy it. Kinda like Bernie and his $600k vacation home. What do you have against big expensive homes?
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Post by Deleted on Mar 1, 2018 13:49:30 GMT -5
In this case, sure. Just because you love something doesn't mean you should proclaim it perfect. My issue is with those who benefit from capitalism while they try to destroy it. Kinda like Bernie and his $600k vacation home. What do you have against big expensive homes? Nothing. I grew up in one. But it was not paid for by taxpayers. And it was not paid for by advertising revenue that was there only because you decided to brainwash some plebs. And it was a sign of my father's own insecurities from growing up in a ramshackle house. Conclusion: Fuck those Mexicans who run Occupy Democrats.
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Post by Deleted on Mar 1, 2018 15:39:41 GMT -5
Lol at 600k being considered expensive. Actually, I don't think that's a tear from laughter...the struggle out here is real.
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Post by Deleted on Mar 1, 2018 17:22:11 GMT -5
Lol at 600k being considered expensive. Actually, I don't think that's a tear from laughter...the struggle out here is real. No shit... That's a down payment here.
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Post by Deleted on Mar 1, 2018 17:57:17 GMT -5
Lol. We are looking at buying a 2,000 square foot house with an unfinished basement and attic - potential to be 6,000 square feet on 12 acres. Asking price is 279k. I would shit myself if I had to pay 600k. Well, I wouldnt shit, I would just be stuck renting for life.
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Post by Angelo on Mar 1, 2018 18:06:58 GMT -5
Lol. We are looking at buying a 2,000 square foot house with an unfinished basement and attic - potential to be 6,000 square feet on 12 acres. Asking price is 279k. I would shit myself if I had to pay 600k. Well, I wouldnt shit, I would just be stuck renting for life. Out here you are looking at about 300k for 1500-2k sqft in the cheap areas. The layout though is weird for our town, goes from 3-400k ranch style houses, to literally a block over mini-mansions with the cheapest being about 1.5 million and average probably about 3.2-3.5 million. Go about 10 minutes away and you need about 3 million for a down payment.
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Post by Deleted on Mar 1, 2018 18:27:42 GMT -5
279k gets you a 900 sq ft, 2 bedroom, 1 bath, fixer. In Watts, or Compton, if you are lucky.
It's so fucking insane.
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Post by Deleted on Mar 1, 2018 19:18:31 GMT -5
$600k gets you a 1,600 square foot house on a tiny subdivision lot in a decent area of town... not nice but definitely not Watts.
There are about 2,000 lots going up for sale here after the October fires, and 1 acre lots are averaging $550k
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Post by Deleted on Mar 1, 2018 19:27:02 GMT -5
My neighborhood it's about 650-720k for a 1600 sq ft home, usually on about a 6000 sq ft lot. And the more southeast I go, the higher that price gets until I hit orange county or the ocean.
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Post by Deleted on Mar 1, 2018 20:35:22 GMT -5
My neighborhood it's about 650-720k for a 1600 sq ft home, usually on about a 6000 sq ft lot. And the more southeast I go, the higher that price gets until I hit orange county or the ocean. Crazy stuff right now. It is essentially impossible for any family to not be dual income now, and home ownership seems to start in peoples 40’s here
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Post by Angelo on Mar 1, 2018 20:41:48 GMT -5
$600k gets you a 1,600 square foot house on a tiny subdivision lot in a decent area of town... not nice but definitely not Watts. There are about 2,000 lots going up for sale here after the October fires, and 1 acre lots are averaging $550k Jesus, about 4 years ago I was actually working and in the middle of deal to purchase roughly 7,000 acres here in Missouri (mostly middle of nowhere) and average price for the purchases was 7.50/acre. Then again it wasn't residential area, mostly unused farmland that Chinese over-invested in. Even after future development costs, it was under 260k/acre
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Post by Deleted on Mar 1, 2018 20:49:05 GMT -5
$600k gets you a 1,600 square foot house on a tiny subdivision lot in a decent area of town... not nice but definitely not Watts. There are about 2,000 lots going up for sale here after the October fires, and 1 acre lots are averaging $550k Jesus, about 4 years ago I was actually working and in the middle of deal to purchase roughly 7,000 acres here in Missouri (mostly middle of nowhere) and average price for the purchases was 7.50/acre. Then again it wasn't residential area, mostly unused farmland that Chinese over-invested in. Even after future development costs, it was under 260k/acre I have 2,000 acres 45 minuets north of my house that is worth $2,500 p/acre. It is still wine country, very much the same terrain, and is essentially no different than what is selling for 200x more than that in my home town... amazing what location does for value.
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Post by Angelo on Mar 1, 2018 23:23:16 GMT -5
Jesus, about 4 years ago I was actually working and in the middle of deal to purchase roughly 7,000 acres here in Missouri (mostly middle of nowhere) and average price for the purchases was 7.50/acre. Then again it wasn't residential area, mostly unused farmland that Chinese over-invested in. Even after future development costs, it was under 260k/acre I have 2,000 acres 45 minuets north of my house that is worth $2,500 p/acre. It is still wine country, very much the same terrain, and is essentially no different than what is selling for 200x more than that in my home town... amazing what location does for value. Well yeah, that is location that you can grow wine on and requires work. This was basically unused farmland making it almost worthless. For the areas they were considering purchases though included part of Washington, Oregon, Nebraska, Kansas Iowa. Highest average for the area for any of them was about 38/acre. People don't realize that the US is only considered like 6% developed. We are so packed into major cities, not making use of so much of our land.
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Post by Deleted on Mar 2, 2018 0:56:59 GMT -5
My neighborhood it's about 650-720k for a 1600 sq ft home, usually on about a 6000 sq ft lot. And the more southeast I go, the higher that price gets until I hit orange county or the ocean. Crazy stuff right now. It is essentially impossible for any family to not be dual income now, and home ownership seems to start in peoples 40’s here And that dual income...there better not be an Angeldole in the relationship. Too SOLID incomes lol. It's definitely became a thing where your first home is going to be in the hood. And if you are lucky, make the right moves, you can get into a nicer neighborhood later in life. I got into my neighborhood when i was 35...but I have a duplex in said neighborhood. I've always bought duplexes. I'd like a single home out here, but will be waiting for the market to drop before that happens.
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Post by Deleted on Mar 2, 2018 8:43:59 GMT -5
Location doesn't touch value much. It touches cost.
California's real estate market is overly tilted. Lowest rate of outright ownership in the country and part of it is due to prices that are inflated.
So you have millions of renters, which helps your middle class little to none. Rent on mortgage encumbered properties is never that significant when it comes to margins, etc. So the beneficiaries of that tilted scenario aren't even the very wealthy, it's just banks. Cali's got more mortgages than the next two states combined.
The biggest issue I see is that the median income is only about 10k more than the national rate of 53k while the median house price of 330k is a whopping 30% higher.
That many people being forced to rent might explain a lot of the socialism I see coming from Californians on social media.
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Post by PatSox on Mar 2, 2018 9:08:40 GMT -5
What do you have against big expensive homes? Nothing. I grew up in one. But it was not paid for by taxpayers. And it was not paid for by advertising revenue that was there only because you decided to brainwash some plebs. And it was a sign of my father's own insecurities from growing up in a ramshackle house. Conclusion: Fuck those Mexicans who run Occupy Democrats. What do you have a problem with insecurities? How about overcompensating?
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Post by ocmmafan on Mar 2, 2018 9:21:03 GMT -5
Location doesn't touch value much. It touches cost. California's real estate market is overly tilted. Lowest rate of outright ownership in the country and part of it is due to prices that are inflated. So you have millions of renters, which helps your middle class little to none. Rent on mortgage encumbered properties is never that significant when it comes to margins, etc. So the beneficiaries of that tilted scenario aren't even the very wealthy, it's just banks. Cali's got more mortgages than the next two states combined. The biggest issue I see is that the median income is only about 10k more than the national rate of 53k while the median house price of 330k is a whopping 30% higher. That many people being forced to rent might explain a lot of the socialism I see coming from Californians on social media. The median home price in Orange County is $680,000. It's a little lower in San Diego, definitely higher in norther california and about the same in Los Angeles. $385 or so a sq foot in OC. And we still have a shortage of inventory which adds to the price gouging. It's a crazy sellers market where if you have a turnkey house and list it at say $850K you will get multiple offers over asking, can counter all buyers to give their best and highest, and easily get over $900k. Appraisers can barely keep up. It's substantially worse for condos where you fall under the FHA limit ($680K) and nothing is going under asking. People spend more than 50% if their income on housing here and it will lead to another huge round of short sales/foreclosures. The inlands of California are significantly cheaper but it's basically two different states, and that must be where the median comes way down into the 300K ranges.
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Post by Deleted on Mar 2, 2018 10:01:47 GMT -5
50%!?!
Damn. That's crazy. My mortgage never took more than 10% of our annual income.
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Post by MMAJim on Mar 2, 2018 12:08:00 GMT -5
OK yahoos, take this to the $/sq ft thread. Water Cooler is for News Nuggets. The OD Water Cooler is one of my primary news sources.
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Post by PatSox on Mar 6, 2018 12:19:51 GMT -5
Why are news sites trying to tell me that some pro-choice, pro-gun control, pro-immigration fomer punk rock guitarist named friggin...Beto, has a chance at winning a senate seat in Texas?
I mean did I slip in to some other dimension or something? There's no fucking way
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Post by Deleted on Mar 6, 2018 12:49:30 GMT -5
Location doesn't touch value much. It touches cost. California's real estate market is overly tilted. Lowest rate of outright ownership in the country and part of it is due to prices that are inflated. So you have millions of renters, which helps your middle class little to none. Rent on mortgage encumbered properties is never that significant when it comes to margins, etc. So the beneficiaries of that tilted scenario aren't even the very wealthy, it's just banks. Cali's got more mortgages than the next two states combined. The biggest issue I see is that the median income is only about 10k more than the national rate of 53k while the median house price of 330k is a whopping 30% higher. That many people being forced to rent might explain a lot of the socialism I see coming from Californians on social media. The median home price in Orange County is $680,000. It's a little lower in San Diego, definitely higher in norther california and about the same in Los Angeles. $385 or so a sq foot in OC. And we still have a shortage of inventory which adds to the price gouging. It's a crazy sellers market where if you have a turnkey house and list it at say $850K you will get multiple offers over asking, can counter all buyers to give their best and highest, and easily get over $900k. Appraisers can barely keep up. It's substantially worse for condos where you fall under the FHA limit ($680K) and nothing is going under asking. People spend more than 50% if their income on housing here and it will lead to another huge round of short sales/foreclosures. The inlands of California are significantly cheaper but it's basically two different states, and that must be where the median comes way down into the 300K ranges. I believe the Median home price in San Francisco is currently $1.4mm. In my area it is $710,000 right now. I would estimate your 50% number to be true in my area based of gross income. I recently bought a house that was listed at $645k... I was one of 12 offers in the 7 day window to submit, I was the 4th highest number and I bought it at $690k. The only reason the 3 offers over mine didn't get it is because I was all cash. I found out the highest offer was $715k. And to make it worse, another one down the street just came up for sale at $700k and it went pending in 2 days. We are in a bubble here because the fires essentially wiped out 8% of our real estate inventory, but the increase and free-for-all seems very similar to 2006. The only reason I bought the house was because my best friends house burned down, and they were going to be living under a bridge if they didn't find something quickly, so I am okay taking a loss if need be.
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Post by daywork on Mar 6, 2018 13:23:19 GMT -5
The median home price in Orange County is $680,000. It's a little lower in San Diego, definitely higher in norther california and about the same in Los Angeles. $385 or so a sq foot in OC. And we still have a shortage of inventory which adds to the price gouging. It's a crazy sellers market where if you have a turnkey house and list it at say $850K you will get multiple offers over asking, can counter all buyers to give their best and highest, and easily get over $900k. Appraisers can barely keep up. It's substantially worse for condos where you fall under the FHA limit ($680K) and nothing is going under asking. People spend more than 50% if their income on housing here and it will lead to another huge round of short sales/foreclosures. The inlands of California are significantly cheaper but it's basically two different states, and that must be where the median comes way down into the 300K ranges. I believe the Median home price in San Francisco is currently $1.4mm. In my area it is $710,000 right now. I would estimate your 50% number to be true in my area based of gross income. I recently bought a house that was listed at $645k... I was one of 12 offers in the 7 day window to submit, I was the 4th highest number and I bought it at $690k. The only reason the 3 offers over mine didn't get it is because I was all cash. I found out the highest offer was $715k. And to make it worse, another one down the street just came up for sale at $700k and it went pending in 2 days. We are in a bubble here because the fires essentially wiped out 8% of our real estate inventory, but the increase and free-for-all seems very similar to 2006. The only reason I bought the house was because my best friends house burned down, and they were going to be living under a bridge if they didn't find something quickly, so I am okay taking a loss if need be. I just lost a house because of someone like you. I was trying to buy a house for my in-laws (I would rent it to them). The seller wanted to close by the end of this month. At the last second someone offered cash (easy and fast closing). They took that over my higher offer. Must be nice to have cash like that
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Post by Deleted on Mar 6, 2018 13:55:22 GMT -5
I believe the Median home price in San Francisco is currently $1.4mm. In my area it is $710,000 right now. I would estimate your 50% number to be true in my area based of gross income. I recently bought a house that was listed at $645k... I was one of 12 offers in the 7 day window to submit, I was the 4th highest number and I bought it at $690k. The only reason the 3 offers over mine didn't get it is because I was all cash. I found out the highest offer was $715k. And to make it worse, another one down the street just came up for sale at $700k and it went pending in 2 days. We are in a bubble here because the fires essentially wiped out 8% of our real estate inventory, but the increase and free-for-all seems very similar to 2006. The only reason I bought the house was because my best friends house burned down, and they were going to be living under a bridge if they didn't find something quickly, so I am okay taking a loss if need be. I just lost a house because of someone like you. I was trying to buy a house for my in-laws (I would rent it to them). The seller wanted to close by the end of this month. At the last second someone offered cash (easy and fast closing). They took that over my higher offer. Must be nice to have cash like that Must be nice to have that couch I understand the appeal of all cash offers, but when you can take the first offer at +$25k and have 2 back up offers above where you want to be, I felt like the owners were mislead by their agent.
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Post by daywork on Mar 6, 2018 15:14:09 GMT -5
LOL I don't have that couch anymore. My wife hated it, then her little dog started to piss on it. So I got rid of it.
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Post by Deleted on Mar 6, 2018 15:41:06 GMT -5
LOL I don't have that couch anymore. My wife hated it, then her little dog started to piss on it. So I got rid of it. If I spent $8k on a couch and my wife’s dog started pissing on it, I would be divorced and arrested for animal cruelty.... you are a better man than me. Out of curiosity, what would a nice 3/2 house in a good neighborhood rent for where you are at?
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