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WaryWarren posted:My union (local gov't) just announced our new three year contract. I am only getting 2% cost of living but they put more into the merit portion. I think at bargaining management was pushing hard to get the money into the merit side. 7%/5.5%/4% but the next 2 years can go up if inflation is still high. Why are they loving with you guys?
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Jan 18, 2023 20:35
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Pittsburgh Fentanyl Cloud posted:The smart money shows in 2009 were encouraging people who owed more on their homes than they were worth to leave their keys on the counter and walk away! The companies that bought those properties were the biggest winners from the great recession. fucks sake It's always going to be absolutely trivial to convince people to do this as long as those people view their homes as investment vehicles. "Get out and walk away" sounds like great advice to idiots who think the primary purpose of their home is to make number go up.
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Jan 18, 2023 20:37
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WaryWarren posted:My union (local gov't) just announced our new three year contract. Ahhh, there is that soft landing we were promised.
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Jan 18, 2023 20:38
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i am harry posted:literally every house in the country has appreciated since. theres plenty of areas that never made it back to their 07 peak. hell, i live in a solid area and the people who bought in '06/'07 just now hit that nominal value again, without even taking into account inflation. its just that the areas that didnt recover dont matter to politicians, the fed, anyone with any power at all. those houses can just rot and fall down for all they care it's super likely the people being encouraged to walk away in '09/'10 were better off doing it - a lot of them had variable APRs that spiked on them and their payments were rough. if they could have rebought by 2012/2013 they would have made out like bandits. even buying by '18 (so a decade after the crash) they'd still come out way ahead - 20% or whatever increase in value/equity since then, rather than just back to where they started with the initial valuation. mastershakeman has issued a correction as of 20:42 on Jan 18, 2023 |
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Jan 18, 2023 20:39
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i am harry posted:literally every house in the country has appreciated since. 
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Jan 18, 2023 20:45
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i am harry posted:literally every house in the country has appreciated since. I like going through Fred home sales price for various metros and experiencing terror. even places like Detroit - housing is worth more now than it was at the peak of 2008 before da crash
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Jan 18, 2023 20:48
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mastershakeman posted:theres plenty of areas that never made it back to their 07 peak. hell, i live in a solid area and the people who bought in '06/'07 just now hit that nominal value again, without even taking into account inflation. its just that the areas that didnt recover dont matter to politicians, the fed, anyone with any power at all. those houses can just rot and fall down for all they care what areas
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Jan 18, 2023 20:52
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the guy down the street from me: bought 3bd/2ba 1454 sqft for 455k on 1/8/2007 zillow now estimates it at 478k. he's paid about 7.5k every year in ptax. (so over 100k) the rust belt has different dynamics than the coasts. he absolutely would have been better off walking away, renting during the only era when rents stayed stable, and then buying again in 2017 for 350-400k (a 3/2 1362 sqft 6 houses away from him sold for 350k in 2018), and now having 75-100k in bonus equity. and this is in an area that didnt just straight up crash like my friend in champaign (illinois's flagship public school town) who lost 20% of the house's value after buying in the 2010s now compare that to the south or west side in chicago where this runup was gigantic in the mid 00s and its just not even close to recovered mastershakeman has issued a correction as of 20:59 on Jan 18, 2023 |
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Jan 18, 2023 20:56
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mastershakeman posted:the guy down the street from me: The house I pulled that price history from is in Pittsburgh, about two miles from my house.
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Jan 18, 2023 20:58
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pittsburgh is coastal . deal with it
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Jan 18, 2023 20:59
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finally
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Jan 18, 2023 20:59
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you also have to be careful looking at price histories on houses sold in that era - if it's a foreclosure it's going to show up as 'sold' (in illinois, i dont know about other states but i'd assume so) even when the bank is simply bidding at the entire amount of the debt owed to them , including attorneys fees (a few grand usually) , unpaid property taxes etc. i doubt it was sold back to the bank, but maybe it was an approved short sale for whatever reason that being said, going from 679 to 825 over the last 4 years is insane mastershakeman has issued a correction as of 21:10 on Jan 18, 2023 |
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Jan 18, 2023 21:07
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that history tells a pretty complete story, owner bought in the 1980s for cheap, put it up when the housing market went to poo poo for what he thought he deserved ($550k), and only managed to sell it around two years later at a $200K+ discount. Fast forward to now and it's appreciated it''s way back up to $825k from that $338K sale at a supposed loss.
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Jan 18, 2023 21:10
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Ornery and Hornery posted:yeah. I bought a condo and there are a lot of benefits and dealing with an HOA is actually not bad at all. I have yet to talk to someone in my area (Denver) who has a full condo executive board, so if they suck you can just sign up to fix it. It is also nice having a lot of communal spaces (pool, gym, sauna, pool table, etc) that I would never want to personally own and maintain. You also don’t need to be an misanthrope and can get to know your neighbors since people are going to stick around a lot longer than in a rented building and since you have more neighbors (than a detached home) you’re more likely to find some you like. You can also have a large impact on environmental issues without much work. Just by switching light bulb brands I’ve eliminated about 100 LED bulbs from going to the landfill and saved about 3MWh of electricity use every year. I’m also working on getting rid of the natural gas water heaters and will make sure the boilers/pool heater are moved to electric when they break. I don’t have the yearly numbers handy, but peak winter months this will save around 4 tonnes of natural gas use per month (around 12 tonnes of CO2 emissions per month).
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Jan 18, 2023 21:13
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Pittsburgh Fentanyl Cloud posted:that history tells a pretty complete story, owner bought in the 1980s for cheap, put it up when the housing market went to poo poo for what he thought he deserved ($550k), and only managed to sell it around two years later at a $200K+ discount. yeah, its weird he even bothered to sell unless there was a cashout refi at the height of the bubble and he wasn't able to service that debt. i saw that a fair amount when doing foreclosure work, since those often had the nasty APRs
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Jan 18, 2023 21:13
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How bad is Kansas. Down at the Texas or Florida levels of "never move there"?
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Jan 18, 2023 21:47
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Failson posted:How bad is Kansas. Down at the Texas or Florida levels of "never move there"? Wichita isn't a terrible town except for all the racists. Met more openly racist people there than any other city I've lived in as an adult. KC KS seems OK, but that's the more expensive part of KC I believe. The rest of Kansas is fields. The primary employers in Wichita are Koch Industries and the air industry.
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Jan 18, 2023 22:07
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freezepops posted:I bought a condo and there are a lot of benefits and dealing with an HOA is actually not bad at all. I have yet to talk to someone in my area (Denver) who has a full condo executive board, so if they suck you can just sign up to fix it. It is also nice having a lot of communal spaces (pool, gym, sauna, pool table, etc) that I would never want to personally own and maintain. You also don’t need to be an misanthrope and can get to know your neighbors since people are going to stick around a lot longer than in a rented building and since you have more neighbors (than a detached home) you’re more likely to find some you like. CONDO CREW :hifive:
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Jan 18, 2023 22:27
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I want a townhouse with a garden plot in the back, but they just don't exist here.
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Jan 18, 2023 22:37
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I really want a Mediterranean style villa with an interior courtyard and open hallways
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Jan 18, 2023 22:41
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Ornery and Hornery posted:what areas elmira new york beckons you
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Jan 18, 2023 22:50
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Ornery and Hornery posted:what areas https://www.zillow.com/homedetails/1435-N-Springfield-Ave-2-Chicago-IL-60651/87703532_zpid/ heres a good example of what i'm talking about, and this is adjacent to a pretty booming area. theres plenty of houses that are selling now for way more but with a huge amount sunk into them for gut rehabs, but this one looks like that didn't happen and its just... sat for almost 2 decades. sold in '06 for 222. sold , probably foreclosure, for 54 in '12. sold in '19 for 208. sold in '21 for 240. so in 15 years it went up 18k and with interest rates now, its probably back at 220 or lower. mastershakeman has issued a correction as of 23:06 on Jan 18, 2023 |
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Jan 18, 2023 23:04
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Humboldt Park is ungentrifiable!
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Jan 18, 2023 23:16
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Failson posted:How bad is Kansas. Down at the Texas or Florida levels of "never move there"? Where in Kansas? Lawrence and KC are the best parts of the state. Wichita is allegedly a city, but it's really a lovely suburb without the adjacent city. The next step down are the college/medical center towns of Pittsburg, Emporia, Hays, and Salina. Everything else is desperate rural poverty. Edit. Manhattan is a knockoff Lawrence. Nothus has issued a correction as of 23:44 on Jan 18, 2023 |
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Jan 18, 2023 23:41
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lol This three-bedroom home in Clifton, Nottingham, is mostly unremarkable — the two-story brick structure is priced at a reasonable $222,000 and photos of the interior show a humble family-oriented abode with wall-to-wall carpeting and plenty of natural light. Social media denizens, however, were quick to notice a standout oddity after the house listed on the platform Rightmove: Despite its average appearance, two things are very, very wrong. Namely, there’s part of a bloody “keep out” sign visible in a mirror over the living room fireplace — and a grim reaper appears to be lurking just outside the front window. The haunted house-level details, it turns out, are leftover Halloween decorations that unfortunately made it into the listing.
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Jan 18, 2023 23:42
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euphronius posted:yeah that’s what they built in the 60s and 70s well they do build them it’s just all as double wides manufactured or mobile that we’ve prevented from being built by local regulations. The house I live in now is a 1969 stick built on a foundation. but current manufactured double wides are what you can get that have the same design and layout. they’re affordable too. you just can’t build them anywhere because cities hate them and make the permitting expensive and prohibitively onerous. because poors and minorities.
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Jan 19, 2023 03:33
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freezepops posted:I bought a condo and there are a lot of benefits and dealing with an HOA is actually not bad at all. I have yet to talk to someone in my area (Denver) who has a full condo executive board, so if they suck you can just sign up to fix it. It is also nice having a lot of communal spaces (pool, gym, sauna, pool table, etc) that I would never want to personally own and maintain. You also don’t need to be an misanthrope and can get to know your neighbors since people are going to stick around a lot longer than in a rented building and since you have more neighbors (than a detached home) you’re more likely to find some you like. Ah yes, if the HOA sucks you can volunteer your free time for a second unpaid job in the hopes of fixing it. Sounds great  And lol paying for a communal pool/sauna sounds like a nightmare…TO ME. But if you like it, more power to ya
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Jan 19, 2023 11:05
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Ornery and Hornery posted:yeah. It’s fine, lots of people like it, but this line of reasoning is not something I’ve experienced .. I’ve never found that condos are cheaper than SFHs generally, it’s just a matter of do you want to live downtown, then you’re gonna need a condo. Here in Chicago/cook county there are plenty of SFH on 25’x125’ lots for ~$200k, give or take. I paid $230k for a 900sqft around a year ago.
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Jan 19, 2023 11:10
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BIG-DICK-BUTT-gently caress posted:Ah yes, if the HOA sucks you can volunteer your free time for a second unpaid job in the hopes of fixing it. Sounds great I do agree that having community stuff sucks, we don't have that at all. Just more stuff to break down. But I don't see what's wrong with volunteering by itself, seems a weird thing to criticize. Oh no, I'm volunteering my time to improve my community! I'm guessing you have never actually lived in an association. Which is fine of course, but I'm talking from direct experience, not just speculation. BIG-DICK-BUTT-gently caress posted:Here in Chicago/cook county there are plenty of SFH on 25’x125’ lots for ~$200k, give or take. I paid $230k for a 900sqft around a year ago. I'm guessing there's a lot more than here (percentage wise). The ones here are just homes built right after WW2 that are falling apart, and also in areas I have absolutely no interest in living in. There are bungalows in south Minneapolis, but they tend to be larger than I need. I paid $170k for 952 SF, but this was in 2011 lol. actionjackson has issued a correction as of 16:42 on Jan 19, 2023 |
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Jan 19, 2023 16:39
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BIG-DICK-BUTT-gently caress posted:It’s fine, lots of people like it, but this line of reasoning is not something I’ve experienced .. I’ve never found that condos are cheaper than SFHs generally, it’s just a matter of do you want to live downtown, then you’re gonna need a condo. that’s neat and I am happy for you. I mean that sincerely! that sounds cool that you have options. I’m in a poppin’ coastal city so it is what it is
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Jan 19, 2023 17:08
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I mean, Chicago is one of three or four real global cities the US has, if you can get a detached house for 200-something there that's pretty good.
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Jan 19, 2023 17:10
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it’s a sprawling freezing hot humid shithole Great Lakes shithole, op Pittsburgh Fentanyl Cloud posted:I mean, Chicago is one of three or four real global cities the US has, if you can get a detached house for 200-something there that's pretty good. ok but it’s not NYC DC LA SF SEA
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Jan 19, 2023 17:27
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Ornery and Hornery posted:it’s a sprawling freezing hot humid shithole Great Lakes shithole, op lol Chicago eclipses SF and Seattle in every single metric Seattle ain't even a top ten metropolitan area by GDP NYC, LA, Chicago, *maybe* SF are the only real international cities in the US.
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Jan 19, 2023 17:29
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Chicago is weirdly affordable and that's never made much sense to me since it's a nice city. We have some friends who fled there a few years ago precisely because they could rent for something approaching a reasonable price. Like it seems weirdly affordable even compared to nowheresville suburbs. I mean it's cold I guess but stop being a child and wear a coat Paradoxish has issued a correction as of 17:33 on Jan 19, 2023 |
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Jan 19, 2023 17:30
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Paradoxish posted:Chicago is weirdly affordable it’s flat and surrounded by nothing so it just can expand endlessly.
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Jan 19, 2023 17:36
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It's bordered by cities & suburbs & has had the same boundaries for 150 years. There's suburban sprawl but Chicago itself is hardly "sprawling."
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Jan 19, 2023 17:39
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Ornery and Hornery posted:it’s a sprawling freezing hot humid shithole Great Lakes shithole, op gtfo with this "flyover state" bullshit
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Jan 19, 2023 17:44
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Crusty Nutsack posted:gtfo with this "flyover state" bullshit Given that the two cities most likely to break through in the next couple decades (helpfully ignoring climate change of course) are down in GA and TX I don’t see this changing lol
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Jan 19, 2023 17:47
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do we have any FISHTABs in this thread?
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Jan 19, 2023 17:47
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Willa Rogers posted:It's bordered by cities & suburbs & has had the same boundaries for 150 years. yes I was speaking of “Chicago” as Chicago and all the surrounding suburbs that aren’t technically part of Chicago. it’s not geographically constrained or constrained particularly by transportation.
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Jan 19, 2023 17:47
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