|
Anonymous Zebra posted:Try this hot take on for size. Most Californians (that I've met thus far) aren't actually liberals. I actually wimped out and added the "homeowners" part.  I agree with you.
|
#
?
Mar 15, 2018 00:17
|
|
|
|
| # ? May 16, 2024 07:12 |
|
|
Anecdotal, but I find that most Californians skew towards being libertarians, but just wear being a liberal progressive like it's a fashion accessory. The older ones, like the old school Berkeley hippies, still tend to be pretty radically left, though, assuming they haven't been pushed out of their homes. Then again, the Democratic party as a whole hasn't really leaned left in a while, so.
|
|
#
?
Mar 15, 2018 00:19
|
|
|
California has a full Democratic legislator and still can't pass single payer or even universal healthcare.
|
|
#
?
Mar 15, 2018 00:21
|
|
|
Hey it passed one of the houses. Looking forward to primary season as a shitload of nurses roast Assembly Speaker Rendon for holding up the bill. I guess there's a committee report just out that lays out some incremental changes, but none of them are "get capitalism out of health care," so gently caress em.
|
|
#
?
Mar 15, 2018 00:51
|
|
|
punk rebel ecks posted:California has a full Democratic legislator and still can't pass single payer or even universal healthcare. "can't," lol. They've managed to pass it when there's a Republican governor who can veto it, as they did twice under Arnold.
|
|
#
?
Mar 15, 2018 00:54
|
|
|
CPColin posted:Hey it passed one of the houses. Looking forward to primary season as a shitload of nurses roast Assembly Speaker Rendon for holding up the bill. Hahahaha: quote:Some of the key proposals:
|
|
#
?
Mar 15, 2018 00:58
|
|
|
Anonymous Zebra posted:I mean, everyone I meet talks big about gay rights Prop 8 wasn't *that* long ago. Ask how they voted, if you think they'd be honest. The "Yes on 8" rally and signs in my Bay Area neighborhood were pretty loving eye opening. Edit: people were out there with their kids. I'm pissed off just thinking about it again. DeadlyMuffin fucked around with this message at 02:22 on Mar 15, 2018 |
|
#
?
Mar 15, 2018 02:07
|
|
|
They had a lot of people coming from out of state campaigning to get prop 8 passed. Everybody I knew in the Bay Area was vehemently against it.
|
|
#
?
Mar 15, 2018 02:49
|
|
|
Remember when there was some nebulous "Yes on 8 because TAXES" bullshit to distract everyone from the gross prejudice on display?
|
|
#
?
Mar 15, 2018 02:52
|
|
|
jeeves posted:Housing won't get fixed ever because it is the ultimate NIMBY issue. People 'own' property by carrying a mortgage secured with the property itself. If the property's value suddenly plummets (as would happen if there was a sudden glut of affordable housing) it would leave those people underwater on their mortgages. That doesn't really excuse anything, just pointing out the home owners are just as trapped by the current system as the non-home owners. Capitalism is bad.
|
|
#
?
Mar 15, 2018 02:53
|
|
|
Panfilo posted:They had a lot of people coming from out of state campaigning to get prop 8 passed. The out of state people didn't vote, and it passed. There were plenty of Bay Area people who voted for it. I didn't imagine the signs and rally, and those people weren't bussed in from Utah. They were my neighbors.
|
|
#
?
Mar 15, 2018 02:57
|
|
|
Family Values posted:People 'own' property by carrying a mortgage secured with the property itself. If the property's value suddenly plummets (as would happen if there was a sudden glut of affordable housing) it would leave those people underwater on their mortgages. That doesn't really excuse anything, just pointing out the home owners are just as trapped by the current system as the non-home owners. If you suddenly don't like your house because the value dropped, it means you overpaid for it. e:I thought we learned not to treat primary homes as leveraged investments 10 years ago. CopperHound fucked around with this message at 06:03 on Mar 15, 2018 |
|
#
?
Mar 15, 2018 05:38
|
|
|
Hm yes, homelessness is one possible outcome, good point.
|
|
#
?
Mar 15, 2018 06:02
|
|
|
Banks don't suddenly do a margin call when equity goes negative.
|
|
#
?
Mar 15, 2018 06:08
|
|
|
Property should be assessed for tax purposes inversely proportional to density. Condos have been at near price parity for a long rear end time around here.
|
|
#
?
Mar 15, 2018 06:46
|
|
|
Panfilo posted:They had a lot of people coming from out of state campaigning to get prop 8 passed. Lol. There's like one gay bar left in the Castro because all the rich tech people pushed the gross gays out. You're kidding yourself if you think the bay area does anything more than lip service to giving a gently caress about gay rights. It's days as a counterculture center are long dead.
|
|
#
?
Mar 15, 2018 07:10
|
|
|
DeadlyMuffin posted:The out of state people didn't vote, and it passed. There were plenty of Bay Area people who voted for it. I didn't imagine the signs and rally, and those people weren't bussed in from Utah. They were my neighbors. The out of state groups were heavily invested in getting it passed. People can be externally influenced to vote on things unfortunately.
|
|
#
?
Mar 15, 2018 07:57
|
|
|
cis autodrag posted:Lol. There's like one gay bar left in the Castro because all the rich tech people pushed the gross gays out. You're kidding yourself if you think the bay area does anything more than lip service to giving a gently caress about gay rights. It's days as a counterculture center are long dead. Forget about counterculture, it's on the verge of dystopian hellscape. Gleaming boutiques on one street, tent encampments on another... at least until the latter gets broken up by the cops. And anyone above the gentrification line whose actually pissed at the situation is too busy working themselves to death in order to stay afloat. Startup culture is the worst loving thing.
|
|
#
?
Mar 15, 2018 09:02
|
|
|
Skippy McPants posted:Forget about counterculture, it's on the verge of dystopian hellscape. Gleaming boutiques on one street, tent encampments on another... at least until the latter gets broken up by the cops. And anyone above the gentrification line whose actually pissed at the situation is too busy working themselves to death in order to stay afloat. But hey we at least can use filters on apps to escape from (or "augment" if you're in the know) our glorious technocratic society.
|
|
#
?
Mar 15, 2018 12:18
|
|
|
Panfilo posted:The out of state groups were heavily invested in getting it passed. People can be externally influenced to vote on things unfortunately. I'm not saying that out of state groups had no effect, but I think it's bullshit to use them to absolve California of responsibility. At the end of the day, California voters voted to remove legal same sex marriage and the ultimate responsibility is theirs.
|
|
#
?
Mar 15, 2018 16:02
|
|
|
Skippy McPants posted:Forget about counterculture, it's on the verge of dystopian hellscape. Gleaming boutiques on one street, tent encampments on another... at least until the latter gets broken up by the cops. And anyone above the gentrification line whose actually pissed at the situation is too busy working themselves to death in order to stay afloat. GrandpaPants posted:But hey we at least can use filters on apps to escape from (or "augment" if you're in the know) our glorious technocratic society. I find it interesting how the West coast becomes more and more like Shadowrun everyday.
|
|
#
?
Mar 15, 2018 16:38
|
|
|
punk rebel ecks posted:I find it interesting how the West coast becomes more and more like Shadowrun everyday.
|
|
#
?
Mar 15, 2018 16:47
|
|
|
CopperHound posted:They can still live in the house if the value drops or... Since California is a non recourse state, they could just walk away. Absolutely, there's no consequences for forfeiting the primary asset for building wealth in America...jesus.
|
|
#
?
Mar 15, 2018 18:20
|
|
|
The fact that people think of homes in certain cities in California as investments is another indicator of how hosed up the market is. A primary home that you live in would typically only see re-sale values increase by maybe 1% over inflation a year, that has been the norm in the US for the last 100 years. The whole "buying a house is an investment" jargon is a relatively new invention and only works in the most hosed up of housing markets.
|
|
#
?
Mar 15, 2018 19:39
|
|
|
Every other realistic way to build wealth has been cut off to people. If you're going to take the last one away then you better come up with a hell of a redistribution model to replace it. Also I'm not talking about building wealth as in speculation/house flipping, but building it through equity.
|
|
#
?
Mar 15, 2018 21:07
|
|
|
AngryBooch posted:The fact that people think of homes in certain cities in California as investments is another indicator of how hosed up the market is. A primary home that you live in would typically only see re-sale values increase by maybe 1% over inflation a year, that has been the norm in the US for the last 100 years. The whole "buying a house is an investment" jargon is a relatively new invention and only works in the most hosed up of housing markets. Yeah. The fact that economics tout rising home prices as indicative of a strong economy is so loving stupid. It's only good for the rich and the banks.
|
|
#
?
Mar 15, 2018 21:19
|
|
|
Tuxedo Gin posted:Yeah. The fact that economics tout rising home prices as indicative of a strong economy is so loving stupid. It's only good for the rich and the banks. and boomers
|
|
#
?
Mar 15, 2018 21:27
|
|
|
Megaman's Jockstrap posted:and boomers Only some of them. There are plenty of boomers that are victims of the system but are idiots and still support the system because any day now their ship will come in. Temporarily embarrassed millionaires.
|
|
#
?
Mar 15, 2018 22:15
|
|
|
AngryBooch posted:The fact that people think of homes in certain cities in California as investments is another indicator of how hosed up the market is. A primary home that you live in would typically only see re-sale values increase by maybe 1% over inflation a year, that has been the norm in the US for the last 100 years. The whole "buying a house is an investment" jargon is a relatively new invention and only works in the most hosed up of housing markets. Most people lost the idea of buying as an investment back at the last crash. I mean, some people are still talking that trash, but right now if you can afford the down payment, a house in LA is cheaper than renting in LA. And if you can afford two houses, you can make money renting to people.
|
|
#
?
Mar 15, 2018 22:22
|
|
|
Jaxyon posted:Most people lost the idea of buying as an investment back at the last crash. I mean, some people are still talking that trash, but right now if you can afford the down payment, a house in LA is cheaper than renting in LA. And if you can afford two houses, you can make money renting to people. I am really struggling to see how this is the case. Which area are we talking here? Certainly not where I’m at in the South Bay. I’m paying far far less in rent vs what the mortgage payment on this same place would be. Up in the rear end end of the valley? Eh maybe true I guess. Have fun saving up the $90K for your 20% down though.
|
|
#
?
Mar 15, 2018 22:31
|
|
|
Jaxyon posted:if you can afford the down payment, a house in LA is cheaper than renting in LA. And if you can afford two houses, you can make money renting to people. It’s almost like the nature of capitalism makes life easier for those with large amounts of capital at the expense of those who don’t.
|
|
#
?
Mar 15, 2018 22:53
|
|
|
^^^ yupMarcusSA posted:I am really struggling to see how this is the case. Which area are we talking here? Certainly not where I’m at in the South Bay. I’m paying far far less in rent vs what the mortgage payment on this same place would be. Anywhere left of the 405 for a 2br apartment is going to be 2800-4000. You can buy a house on the other side of the 405 for around a 3k mortgage with more rooms and space. Renting a house is substantially more than that. Granted it's not the same exact place, but close enough that the commute isn't much different. But you need to have the down payment. Most people don't because yeah it's an enormous pile of cash.
|
|
#
?
Mar 15, 2018 23:11
|
|
|
Jaxyon posted:^^^ yup So I just checked and did a sample of Inglewood and while you aren’t exactly wrong its not as simple as you make it out to be either. The average rent in Inglewood for a house is 2400-2800 for a 3/1 or 2/1 depending on the area. To buy the same place they are running in the $500’s which would put your mortgage payment about the same (maybe a little higher because of property taxes) but to buy you also need to come up with $100,000 god drat dollars for the down payment. If you can’t do that and you go FHA then your mortgage payment will be significantly higher vs rent. Also the people that even could afford a 500k mortgage payment how loving long would it even take to save up that 100k? A drat long time that’s for sure. For me I’d rather rent in a nice area for less then it would cost me to buy in the same area and not have to deal with buying a 80 year old house that needs a poo poo load of work. LA is hosed for buying.
|
|
#
?
Mar 15, 2018 23:25
|
|
|
cis autodrag posted:Lol. There's like one gay bar left in the Castro because all the rich tech people pushed the gross gays out. You're kidding yourself if you think the bay area does anything more than lip service to giving a gently caress about gay rights. It's days as a counterculture center are long dead. This isn’t actually true, unless by “gay bar” you mean “lesbian bar”. (Or if you’re referring to the trend of straight people going to gay bars?)
|
|
#
?
Mar 16, 2018 00:27
|
|
|
MarcusSA posted:but to buy you also need to come up with $100,000 god drat dollars for the down payment. If you can’t do that and you go FHA then your mortgage payment will be significantly higher vs rent. Not sure what point your making: Jaxyon posted:but right now if you can afford the down payment, a house in LA is cheaper than renting in LA.
|
|
#
?
Mar 16, 2018 00:46
|
|
|
Property values will never go down. Why save and wait and miss out on all those gravy capital gains when I could be riding the sweet ride of zero down interest only mortgages?
|
|
#
?
Mar 16, 2018 00:49
|
|
|
The silver lining I can see with all this is that nearly everybody, including out of touch boomers (many of whom don’t want to leave the Bay Area ever) are starting to agree that something needs to be done about housing. No point in having a two million dollar ranch home if the place you want to upgrade to is now four million. You still have a few morons who want to do things like kill techies and seize their apartments or put a wall around California, but they’re becoming outnumbered.
|
|
#
?
Mar 16, 2018 01:17
|
|
|
I'm going to run some numbers here based on what was stated for the Inglewood area comparing a $500k house with $400k mortgage @ 4.25% to $2400-2800 rent: Total cost of mortgage: $708393 Average interest payment/month: $856 Property tax/month: $417 (is there mello-roos also? LA county assessor doesn't have itemized bills on the site) Fire insurance: ~$100 Maintenance: ~$400 Water/sewer/trash: ~$100 (do rents typically include water there?) This puts us close to $2k/month average in expenses alone or $3k if you include the principal payment. So sure, it technically is cheaper in the long run but it is a far horizon. Get a house because you want one, not because it is a sound financial decision. Tying up all your wealth in one asset is far from a sound financial decision.
|
|
#
?
Mar 16, 2018 01:43
|
|
|
Yeah most rentals you won’t pay water and trash. Also lol trying to save up that $100,000 while renting in a decent neighborhood.
|
|
#
?
Mar 16, 2018 04:47
|
|
|
|
| # ? May 16, 2024 07:12 |
|
|
https://twitter.com/OurRevolution/status/974057637250813952 https://twitter.com/JaneKim/status/974420322429517824  So Sierra Club CA is basically just a lobby group for homeowners now?
|
|
#
?
Mar 16, 2018 05:14
|
|
