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CRUSTY MINGE posted:Midwestern lootbox: questionable city mascot edition. I like how I can't tell if the building is skewed or they took the photos while driving by
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May 25, 2022 16:18
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lol @ these graphs https://www.nakedcapitalism.com/202...below-400k.html
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May 25, 2022 17:58
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bawfuls posted:1% of $2,000,000 is still $20,000/year. My landlord pays $2,000 per year in taxes on this place because of Prop13. 1% is not that low a property tax rate, it's the extremely suppressed assessment value that's doing the heavy lifting here and all over this state. maybe cali could make their state better with the extra tax revenue
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May 25, 2022 18:05
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actionjackson posted:lol @ these graphs
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May 25, 2022 18:12
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As someone trying to buy a house, it's good to hear prices might come down. On the other hand, there's absolutely zero inventory whatsoever
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May 25, 2022 18:22
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Karl Barks posted:As someone trying to buy a house, it's good to hear prices might come down. On the other hand, there's absolutely zero inventory whatsoever ?? look at the second graph Both, the month-to-month leap and the year-over-year leap were the largest leaps ever recorded, both in numbers of unsold houses and in percentages.
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May 25, 2022 18:23
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we're not gonna see the knockon effects of that for months, one weird month does not a market change make also new housing starts are often not in metro areas, they're in exurbs. the boston housing market is not going to be hit by new housing inventory going up. my guess is return to working from offices has killed the market in places that are over an hour from a job
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May 25, 2022 18:26
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Forseti posted:I'm wasting time on twitch watching someone play Family Feud on SNES (from 1991). lol my parents had a house built in 1986, 4 bd 3 bath, 3000 sq ft on 1.25 acres for like about $150k ish so yeah basically
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May 25, 2022 18:30
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Yeah, I'm in Somerville outside Boston, which is one of the most densely built cities in the US. There is some new construction, but not a lot. This was the first week I've seen a not-compeletely-poo poo condo not sell in the usual Thursday -> Monday turnaround
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May 25, 2022 18:31
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Karl Barks posted:Yeah, I'm in Somerville outside Boston, which is one of the most densely built cities in the US. There is some new construction, but not a lot. boston was a stab in the dark but its basically the densest, oldest place that actually has houses so its kind of the Worst Case Scenario to feel the pain lighten from this lol
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May 25, 2022 18:33
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i say swears online posted:maybe cali could make their state better with the extra tax revenue
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May 25, 2022 18:40
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thinking about buying a house so i can rent it out for some passive income
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May 25, 2022 18:42
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AnimeIsTrash posted:thinking about buying a house so i can rent it out for some passive income i recommend Pittsburgh
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May 25, 2022 18:46
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Well, I just bought groverhaus for $2.3 million dollars, hope this pays off
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May 25, 2022 18:48
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lol if the groverhaus expansion room ended up paying off with an unsuspecting cash buyer
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May 25, 2022 18:51
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Jeffrey should buy the grover house for archival purposes
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May 25, 2022 18:58
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Karl Barks posted:Well, I just bought groverhaus for $2.3 million dollars, hope this pays off why would you buy a house in northern virginia OP?
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May 25, 2022 19:00
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AnimeIsTrash posted:why would you buy a house in northern virginia OP? To sell to a confused but wealthy DC commuter?
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May 25, 2022 19:01
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i say swears online posted:holy poo poo it's actually crashing dont play with my heart
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May 25, 2022 19:05
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maybe this is just a weird coincidence, but the principal and interest are almost exactly equal with the default rate on bankrate, with a 350K loan, 30 years apparently they will always be the same with 5.29% and 30 years, no matter what the loan amount. the point where they are equal is somewhere between 5.30 and 5.301% 
actionjackson has issued a correction as of 19:10 on May 25, 2022 |
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May 25, 2022 19:07
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actionjackson posted:maybe this is just a weird coincidence, but the principal and interest are almost exactly equal with the default rate on bankrate, with a 350K loan, 30 years its 12.5% down you can make any principal and house payment look the same if you put the right weird amount down bitmap posted:dont play with my heart its not crashing but its definitely stalling. would expect major metros to continue (not the far out burbs tho) to increase for a lil while at least.
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May 25, 2022 19:08
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I would rather live in the $6500 cornjerker house than get a mortgage right now.
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May 25, 2022 19:08
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CRUSTY MINGE posted:I would rather live in the $6500 cornjerker house than get a mortgage right now. you already live there you fuckin cornjerker
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May 25, 2022 19:09
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anime was right posted:its 12.5% down you can make any principal and house payment look the same if you put the right weird amount down yeah it looks like for any loan amount, between 5.3-5.301 is where the interest payments will equal the principal payments for 30 years
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May 25, 2022 19:11
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anime was right posted:its not crashing but its definitely stalling. would expect major metros to continue (not the far out burbs tho) to increase for a lil while at least. yeah austin's still hosed but the suburbs of kansas city or w/e are going to feel some pain and/or relief depending on which side you're on
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May 25, 2022 19:11
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indigi posted:you already live there you fuckin cornjerker Unfortunately I'm in an apartment. Fortunately with two full states between myself and Illinois.
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May 25, 2022 19:15
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actionjackson posted:lol @ these graphs i say swears online posted:yeah austin's still hosed but the suburbs of kansas city or w/e are going to feel some pain and/or relief depending on which side you're on i think we'll see flattening of costs but not actual downward prices in most places that people Want To Live (i.e. northeast). quote:By region, sales plunged the most in the South: also to note is that inventory does not nessecarily mean a change in prices. it means inventory may be sitting at a higher price than people want to buy it for and people are stubborn expecting 2021-bonanza prices with 50% over asking for it, eventually that may trickle down to lower housing prices (in some areas) but it's sort of like the job market: NO ONE WANTS TO WORK ANYMORE!!! (footnote: for the wages we are offering) Xaris has issued a correction as of 19:25 on May 25, 2022 |
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May 25, 2022 19:19
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i say swears online posted:yeah austin's still hosed but the suburbs of kansas city or w/e are going to feel some pain and/or relief depending on which side you're on all of the people who got to work from home in bozeman montana suddenly have to abandon their houses to move back to the bay area and austin lol. having a sub 30 minute commute, especially with high gas prices, is gonna be what grabs people again.
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May 25, 2022 19:21
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anime was right posted:all of the people who got to work from home in bozeman montana suddenly have to abandon their houses to move back to the bay area and austin lol. having a sub 30 minute commute, especially with high gas prices, is gonna be what grabs people again. Manor TX still has a way to go as the tesla factory spins up. i can't wait until that building is a hollow husk
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May 25, 2022 19:23
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anime was right posted:all of the people who got to work from home in bozeman montana suddenly have to abandon their houses to move back to the bay area and austin lol. having a sub 30 minute commute, especially with high gas prices, is gonna be what grabs people again. is there any evidence of all the computer touchies who fled to bozeman or bend or boise or sand point or upstate ny having to come back
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May 25, 2022 19:23
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Xaris posted:is there any evidence of all the computer touchies who fled to bozeman or bend or boise or sand point or upstate ny having to come back I'm curious about this claim too. From personal experience a lot of people have moved out of Seattle, still haven't moved back. Some of the bay area tech companies were doing pay cuts if you were working remote. I bet that is going to bring a good amount of people back.
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May 25, 2022 19:26
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the COL downgrade for moving away from the bay area is still worth it for most folks i'm sure. i haven't heard about anyone being forced to move back to tech hubs. nobody even left austin in the first place companies are probably in a dilemma where the first major corp to mandate in-office work will get hit with massive resignations. WFH seems to built-in and beneficial to a company's bottom line tbh, why pay commercial rent?
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May 25, 2022 19:29
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i say swears online posted:maybe cali could make their state better with the extra tax revenue cali had a 100,000,000,000 surplus this year (one hundred billion)
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May 25, 2022 19:35
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universal healthcare? highspeed rail? how could we afford that with a yearly surplus of only... uh
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May 25, 2022 19:36
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i say swears online posted:the COL downgrade for moving away from the bay area is still worth it for most folks i'm sure. i haven't heard about anyone being forced to move back to tech hubs. nobody even left austin in the first place i know a few people who've left austin in part because they can live cheaper elsewhere and also are afraid of the gop (working as intended). a lot of commercial rent is probably in long-leases and probably won't find anyone to backfill the lease at this point. also a lot of managers that want to justify their work so there's probably some push to utilize the space they have even if in the long run it may save some costs. commercial rent isn't cheap but it's also a small portion of most tech's expenses. i guess apple and google are big ones doing office-return right now for many of those reasons, loving lmao at tim apple. timb apple posted:"Without the inclusivity that flexibility brings, many of us feel we have to choose between either a combination of our families, our well-being, and being empowered to do our best work, or being a part of Apple. This is a decision none of us take lightly, and a decision many would prefer not to have to make." its also going to be exciting because a lot of big tech is now in hiring freezes and may start laying off which puts power into the corporations when they aren't competiting to out-hire each other anymore.
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May 25, 2022 19:39
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Xaris posted:i guess apple and google are big ones doing office-return right now for many of those reasons, loving lmao at tim apple. is this still happening? https://twitter.com/business/status/1526606361143959552?s=21&t=6Jom6SQgFgwpTi4fZPyFjQ
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May 25, 2022 19:41
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mawarannahr posted:is this still happening? another interesting thing to watch for is for like past couple of decades its always been "all computer touchers will be outsourced!!" (to depress wages), and that didn't work because infrastructure really wasn't in place and experience didn't quite the diaspora it did before so it never panned out vs hiring people that come into the office. but now it is in place and many countries have more extensive programs with good touchers all around the planet: so if you're going to hire remote work now, why not outsource it for vastly more exploitable wages? especially with the hiring freezes and impending layoffs to cut expenses. Xaris has issued a correction as of 19:45 on May 25, 2022 |
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May 25, 2022 19:42
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AnimeIsTrash posted:I'm curious about this claim too. From personal experience a lot of people have moved out of Seattle, still haven't moved back. People moved out of Seattle? To where, Bellevue?
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May 25, 2022 19:43
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CongoJack posted:People moved out of Seattle? To where, Bellevue? Tacoma for one
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May 25, 2022 19:43
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Xaris posted:yeah if you actually dig into the details, housing in northeast is still exploding (climate resiliency probably a big one) the place where pieces of a hurricane passing over it killed more people than the actual hurricane?
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May 25, 2022 19:45
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