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Thread: Existing Home Sales

  1. #51
    Moderator HayJenn's Avatar
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    Quote Originally Posted by Miller47 View Post
    Can you explain it to me?

    Please?

    In your own words, of course.

    Since I said the "magic word" I do hope you will comply with my request.
    What - a 5 second google search is too hard to do?

  2. #52
    Shitposting Rank 4 Missle Command Champion johnflesh's Avatar
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    Quote Originally Posted by Miller47 View Post
    Probably a good idea.

    "Haters gonna hate" means some people are always going to wish bad on America because Trump.

    They hate Trump so much that they want everything to go bad during his term.

    While I am not a fan of Trump, I always want everything to go good for America, and it doesn't matter who the president is.
    I pointed out a specific thing that increased my monthly payments for nothing more than bro-business and you think I hate the man?

    Idiots gonna idiot.

  3. #53
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    Quote Originally Posted by johnflesh View Post
    He is more and more a one track mind where you kind of have to read into what he is saying to translate it.

    For instance my point about a raised PMI based on possible cronyism was considered hate.
    Not so.

    See post #50.

  4. #54
    Moderator HCProf's Avatar
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    Quote Originally Posted by HayJenn View Post
    From your link

    Rising home prices are good news for home sellers, but add to the challenges that home buyers face," said Frank Nothaft, chief economist at CoreLogic, in the report. Nothaft said the limited supply is the worst at the lower end, and will hit the growing number of first-time buyers hardest.

    It's really a catch 22 at least here in CA

    Inventory is low - but the prices in many areas are so high that it prices out most people.

    I've told my husband when do you run out of people who can afford to buy 1 million plus homes?

    I myself am hoping to see more affordable housing...in the hardest hit areas.

    I've read several articles where people who work in SF have to do 6 hours of commuting each day to city because they simply cannot afford to actually live there.
    I read an article where people in Silicon Valley, earning 75K a year are sleeping in their cars. That is just crazy to think about.
    Thanks from johnflesh

  5. #55
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    Quote Originally Posted by bajisima View Post
    I have read several articles that claim there will be big trouble in another 10-15 years when all these expensive homes go up for sale as boomers downsize. They claim student debt will still be high and preventing a new generation from buying in. Plus at least with my kids, they have no interest in a big home. So I dont know what will happen.
    I've heard some tales of people buying expensive homes, newer construction, and they're having a lot of problems. Literally a $3 million house with plumbing problems, another one that seems to be settling, which I assure you is most unsettling and has most unfortunate effects. In a nutshell, these piece-of-shit mcmansions that exploded across the nation over the last 20 years are not holding up. Same with a lot of similarly constructed town houses and apartments. What do you do with a block of condos built literally 10 years ago in a relatively high-rent area...where these 3-BR condos are selling for $140K because the entire complex is infamously plagued by electrical and plumbing problems, cracking walls and ceilings, leaking roofs?

    There are so many variables in the housing market. It is never dull, that's for sure.

  6. #56
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    Quote Originally Posted by bajisima View Post
    I have read several articles that claim there will be big trouble in another 10-15 years when all these expensive homes go up for sale as boomers downsize. They claim student debt will still be high and preventing a new generation from buying in. Plus at least with my kids, they have no interest in a big home. So I dont know what will happen.
    Predictions that far out are notoriously inaccurate.

    Same as the stock market and the economy, the housing market will probably go through more than one up/down cycle in that amount of time...

    What goes up must come down and vice versa.

  7. #57
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    Quote Originally Posted by HCProf View Post
    I read an article where people in Silicon Valley, earning 75K a year are sleeping in their cars. That is just crazy to think about.
    I know. For as supposedly "liberal" SF is - they gave major tax breaks to home builders and in the process many neighborhoods were gentrified. Bad move IMO.

    But even around USC, where the area is considered "sketchy" - home prices are going up and it is also being gentrified. Am seeing it all across CA as people who can't afford to live in the actual big cities move father and father out to be able to afford something.
    Last edited by HayJenn; 2nd January 2018 at 11:53 AM.
    Thanks from HCProf

  8. #58
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    Quote Originally Posted by HCProf View Post
    I read an article where people in Silicon Valley, earning 75K a year are sleeping in their cars. That is just crazy to think about.
    Time to re-think the dream, I'd say. Fuck that.

  9. #59
    Shitposting Rank 4 Missle Command Champion johnflesh's Avatar
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    Quote Originally Posted by HCProf View Post
    I read an article where people in Silicon Valley, earning 75K a year are sleeping in their cars. That is just crazy to think about.
    Yes a lot of those end up in Austin where they can still work and afford an apartment.
    Thanks from HCProf

  10. #60
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    Quote Originally Posted by HayJenn View Post
    What - a 5 second google search is too hard to do?
    Is that a "no"?

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