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The Management posted:plus it's amazing how many people I talk to that are "waiting for the bubble to burst" to buy Not in SF, but a guy I know just sold his condo, with a ~$900/mo mortgage, to move into a rental at $1800 a month while he waits for the market to calm down "in 2-3 years." Most people (myself included) are bad with money.
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Jun 24, 2016 19:32
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lol
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Jun 24, 2016 19:34
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Optimus_Rhyme posted:so never, great yes it is a distinct possibility that interest rates remain low and property prices remain nuts the rest of your and my natural lives it's a chilling thought
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Jun 24, 2016 19:34
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mishaq posted:lol if you want to stay in the bay area long term pretty much, either you bought in 2009-2010 or you're renting until your startup fails or your hit it big with a huge buyout. our plan: get the gently caress out in 2017
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Jun 24, 2016 19:39
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Notorious b.s.d. posted:yes it is a distinct possibility that interest rates remain low and property prices remain nuts the rest of your and my natural lives i'm holding out for a nice healthy 6-8% inflation rate loving up all the student loans it will be cause by, oh i don't know, let's say moe
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Jun 24, 2016 19:44
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everyone come to seattle it's like sf in 1997 and you can be the one to sit on the appreciation. fun fact if amazon grows at its current trend it will employ 18% of all seattle residents by the end of the decade
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Jun 24, 2016 19:49
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mishaq posted:lol if you want to stay in America long term
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Jun 24, 2016 19:49
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Fuzzy Mammal posted:everyone come to seattle it's like sf in 1997 and you can be the one to sit on the appreciation. it's also the BDSM capitol of the world apparently! 
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Jun 24, 2016 19:50
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that crab didn't even see it coming
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Jun 24, 2016 19:59
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Fuzzy Mammal posted:fun fact if amazon grows at its current trend it will employ 18% of all seattle residents by the end of the decade i guess this might be why they leased half a million square feet in nyc
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Jun 24, 2016 20:10
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Parallel Paraplegic posted:it's also the BDSM capitol of the world apparently! microsoft and bdsm, together at last
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Jun 24, 2016 20:10
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Fuzzy Mammal posted:fun fact if amazon grows at its current trend it will employ 18% of all seattle residents by the end of the decade this can't be good for seattle, it sounds detroit as gently caress
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Jun 24, 2016 20:42
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seattle is also the biggest sausage fest in the country so uh, good luck with that i guess
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Jun 24, 2016 20:50
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hackbunny posted:this can't be good for seattle, it sounds detroit as gently caress it's terrible tech bros and lovely startups pandering to them everywhere
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Jun 24, 2016 20:53
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PleasureKevin posted:gimmicky dating site offers people beta access if they buy a t-shirt i dont think gimmick dating sites need any more betas accessing them
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Jun 24, 2016 20:57
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Fuzzy Mammal posted:everyone come to seattle it's like sf in 1997 and you can be the one to sit on the appreciation. whats the cost of living/real estate like? we'd actually like to go there since we like rain, and there are jobs in my field there (tho not as much as earthquake country sadly) i'll probably just end up inheriting my parents house near healdsburg and dying of commute because theres no other way i'd even afford a dinky condo somewhere even if i saved up the next 20 years.
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Jun 24, 2016 21:02
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Xaris posted:whats the cost of living/real estate like? we'd actually like to go there since we like rain, and there are jobs in my field there (tho not as much as earthquake country sadly) Pittsburgh is rainier than seattle
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Jun 24, 2016 21:18
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hackbunny posted:this can't be good for seattle, it sounds detroit as gently caress seattle used to be nearly as dependent but on boeing instead
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Jun 24, 2016 21:19
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bassguitarhero posted:i dont think gimmick dating sites need any more betas accessing them 
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Jun 24, 2016 21:21
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The Management posted:yeah, I don't really believe in a significant decline in real estate prices in the Bay Area. plus it's amazing how many people I talk to that are "waiting for the bubble to burst" to buy, not realizing they are all competing with each other to keep the price high and are still all behind cash-only Chinese investors in their purchasing power i don't know about SF, but in the crazy Vancouver housing market, there are increasing foreclosures and talk about a tax on empty houses and foreign buyers. probably a totally different problem than in SF. people are buying houses here just as investments, leaving them empty and flipping them months or years later. meanwhile there's a huge homeless problem.
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Jun 24, 2016 21:24
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hackbunny posted:this can't be good for seattle, it sounds detroit as gently caress we've still got boeing for actual industry, sorta. Plus MS and a bunch of tech offshoots. People are more concerned about a cultural monopoly. HAIL eSATA-n posted:it's terrible this is definitely beginning to happen. again we're like a decade behind sf so it's not that bad yet. the weather is fantastic. It barely ever snows and the rain is overblown. price wise i only have vancouver (lol) and ontario to personally compare it to but i can tell it's cheap by sf standards. 750K will get you a nice house in a nice neighbourhood.
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Jun 24, 2016 21:29
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PleasureKevin posted:i don't know about SF, but in the crazy Vancouver housing market, there are increasing foreclosures and talk about a tax on empty houses and foreign buyers. lol vancouver is just bonkers right now. houses on the street where i grew up are selling for 3-6 million.
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Jun 24, 2016 21:30
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there is spillover into vancouver island. afaik the market here is #2 crazy, some people buy property here and commute to vancouver
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Jun 24, 2016 21:32
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in 2015 people gained more in housing appreciation than all earned income from all held jobs combined.
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Jun 24, 2016 21:35
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mishaq posted:lol if you want to stay in the bay area long term Optimus_Rhyme posted:our plan: get the gently caress out in 2017 yep. for me it's not a matter of if i move out, but when. if you didn't buy a house prior to bubble 2.0 you're hosed a 1400 sq ft townhouse (one floor, 2br, garage, 25x25 back yard) around the corner from me just sold a few months ago for 1.4M Sagebrush fucked around with this message at 21:49 on Jun 24, 2016 |
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Jun 24, 2016 21:47
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Fuzzy Mammal posted:we've still got boeing for actual industry, sorta. Plus MS and a bunch of tech offshoots. People are more concerned about a cultural monopoly. automotive was actual industry, it crashed and a whole city died. 18% of the eggs in a single basket sounds like a nightmare
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Jun 24, 2016 22:35
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Optimus_Rhyme posted:pretty much, either you bought in 2009-2010 hell yeah market bottom baby
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Jun 24, 2016 23:54
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Notorious b.s.d. posted:microsoft and bdsm, together at last isn't that what got the original Xbox guy axed?
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Jun 24, 2016 23:56
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mishaq posted:lol if you want to stay in the bay area long term the Bay Area is a shithole and I would love to move out but jobs and I already own a house so,
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Jun 25, 2016 00:27
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The Management posted:the Bay Area is a shithole and I would love to move out but jobs and I already own a house so, everywhere is poo poo
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Jun 25, 2016 00:36
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mishaq posted:everywhere is poo poo most especially where property is cheap tho
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Jun 25, 2016 00:36
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mishaq posted:everywhere is poo poo
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Jun 25, 2016 00:48
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PleasureKevin posted:talk about a tax on empty houses and foreign buyers.  Well, a tax on empty houses would be enough. No need to get all anti-furrins about it. NYC real estate is expensive as poo poo. I'd have absolutely no problem with this if all the prime stock was actually occupied.
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Jun 25, 2016 00:51
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it would be funny if one could create a non-transferable tax on ownership of single family units as rental properties too
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Jun 25, 2016 00:56
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Fuzzy Mammal posted:in 2015 people gained more in housing appreciation than all earned income from all held jobs combined. This sounds extremely true and possible
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Jun 25, 2016 00:58
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lancemantis posted:it would be funny if one could create a non-transferable tax on ownership of single family units as rental properties too it would be funny if we suddenly had a law like mexico does where only citizens can own property
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Jun 25, 2016 01:00
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H.P. Hovercraft posted:it would be funny if we suddenly had a law like mexico does where only citizens can own property i think its permanent residents too because there are a lot of american retirees in mexico
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Jun 25, 2016 01:22
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bassguitarhero posted:i dont think gimmick dating sites need any more betas accessing them baahaha also holy gently caress the shirts have anthro bacon on them wtf who would even buy or wear that 2009 poo poo
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Jun 25, 2016 01:29
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H.P. Hovercraft posted:it would be funny if we suddenly had a law like mexico does where only citizens can own property we should definitely strive to emulate the successful fiscal policies of Mexico
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Jun 25, 2016 01:29
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The Management posted:we should definitely strive to emulate the successful fiscal policies of Mexico yes i am glad that we are in agreement that this would be a rich source of humor
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Jun 25, 2016 01:32
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