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  1. #22251
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    May 2006
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    Colorado
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    17 years ago? Oh man, a long distance phone call was like .75/min. I'd hate to think of what that costs today! Don't get me started on vulcanization fees in the modern era! Have you priced Kinkos mimeographs lately?


  2. #22252
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    Sep 2006
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    6,761
    Quote Originally Posted by Core Shot View Post
    How the fuck do you sell fractional shares in a hoa?
    It's not fractional ownership in an HOA, it's fractional ownership of a house that is in the HOA neighborhood. Last week a Redfin listing popped up in my inbox for a fractional ownership of 45 days. Cost was around $450k. Selling 8 shares. This house is not worth $3.6 million. It's a big house, but no way is it worth more than maybe $2 million. I will see if I can find the listing and post it.
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  3. #22253
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    Aug 2016
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    关你屁事
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    7,729
    Quote Originally Posted by CarlMega View Post
    17 years ago? Oh man, a long distance phone call was like .75/min. I'd hate to think of what that costs today! Don't get me started on vulcanization fees in the modern era! Have you priced Kinkos mimeographs lately?

    2005? long distance was free with cells. I think you mean 27 or 37 years

    $15k m3 weren’t a thing

  4. #22254
    Join Date
    Mar 2005
    Location
    Dystopia
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    17,270
    Quote Originally Posted by Mani_UT View Post
    This is the dumbest chart I have ever seen. The "real" inflation would have been 10% on avg since 2005? Compounded that would be a x5 in 17 years (2005-2022).
    Just about NOTHING went x5 in that period, let alone a basket of goods.
    Yes. It’s legit unless you substitute

    Quote Originally Posted by J. Barron DeJong View Post
    Your memory must just be poor. I graduated college just about 17 years ago, and was making about $50k/yr. Living large: driving a brand new BMW M3 that only cost me $15k, renting a fantastic apartment for only $400/month. Taking my future wife out to a fancy dinner only cost $20! Amazing times!
    Yep.


    Quote Originally Posted by Toadman View Post
    It's not fractional ownership in an HOA, it's fractional ownership of a house that is in the HOA neighborhood. Last week a Redfin listing popped up in my inbox for a fractional ownership of 45 days. Cost was around $450k. Selling 8 shares. This house is not worth $3.6 million. It's a big house, but no way is it worth more than maybe $2 million. I will see if I can find the listing and post it.
    My point was that with a HOA, how the fuck can you do fractional ownership. Unless it’s in the bylaws. HOA is supposed to keep shit legit.

  5. #22255
    Join Date
    Aug 2009
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    Splat's Garage
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    3,934
    Quote Originally Posted by Core Shot View Post

    My point was that with a HOA, how the fuck can you do fractional ownership. Unless it’s in the bylaws. HOA is supposed to keep shit legit.
    I'd say HOA would have to prevent LLC's from owning the property which I'm sure most will not do since it is so common.

  6. #22256
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    Sep 2006
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    6,761
    Quote Originally Posted by Core Shot View Post
    My point was that with a HOA, how the fuck can you do fractional ownership. Unless it’s in the bylaws. HOA is supposed to keep shit legit.
    Okay, gotcha. HOA is slow to the party. Amongst other things.

    Here's the listing. My bad, house is bigger than I remembered. Probably could get about $2.6-$2.8 million for it pre mortgage rate hike. Might be tough now.

    https://www.pacaso.com/listings/3345...2-f91f317c2ba3

    Well, Pacaso actually paid over market - No wonder the owners sold to the highest corporate bidder. Weren't we just having this discussion...

    https://www.redfin.com/OR/Bend/3345-.../home/77535326
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  7. #22257
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    Mar 2005
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    Dystopia
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    Holy fuck. Pacasso got called an asshole.

    I didn’t know that was possible. I mean yeah. There’s timeshares or fractional ownership in large buildings. But a random single family nice house going fractional?
    That’s insane.

  8. #22258
    Join Date
    Oct 2004
    Location
    Seattle
    Posts
    2,591
    Quote Originally Posted by Toadman View Post
    Okay, gotcha. HOA is slow to the party. Amongst other things.

    Here's the listing. My bad, house is bigger than I remembered. Probably could get about $2.6-$2.8 million for it pre mortgage rate hike. Might be tough now.

    https://www.pacaso.com/listings/3345...2-f91f317c2ba3

    Well, Pacaso actually paid over market - No wonder the owners sold to the highest corporate bidder. Weren't we just having this discussion...

    https://www.redfin.com/OR/Bend/3345-.../home/77535326
    Interesting that the fractional price is the same as the price they paid. Assume there's owner's/management fees they are taking or there doesn't seem to be much benefit to them. For a lot of people, this type of arrangement makes sense. I know that I likely wouldn't use a vacation home much more than 7 weeks a year until I retire. This helps keep the cost more reasonable and you can still get access in nice locations. Not much different than families/friends have been doing forever. Just adding a Corp in the middle to keep things from getting personal.

  9. #22259
    Join Date
    Feb 2007
    Location
    Hood River
    Posts
    574
    Quote Originally Posted by Core Shot View Post
    Yes. It’s legit unless you substitute
    .
    Huh no.
    Pick up what you want. Truck? Not x5. House? Not time 5. Eggs? Meat? definitely not x5. I have a spread sheet with every purchase I have made (from a single coffee on) since 2008 (missing 3 years to 2005 granted) and no. Nothing went x5 let alone an average of everything.

    A VW passat was 25/30k in 2005. Do you think it's 125/150k now? LOL.

  10. #22260
    Join Date
    Dec 2010
    Location
    Mountains, Trees, and a Big Blue Lake
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    629
    Quote Originally Posted by Mani_UT View Post
    This is the dumbest chart I have ever seen. The "real" inflation would have been 10% on avg since 2005? Compounded that would be a x5 in 17 years (2005-2022).
    Just about NOTHING went x5 in that period, let alone a basket of goods.
    You suck at math. 10% inflation doubles every 7 years. So about 2.5xs not 10.

  11. #22261
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    Feb 2007
    Location
    Hood River
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    574
    Quote Originally Posted by NakedShorts View Post
    You suck at math. 10% inflation doubles every 7 years. So about 2.5xs not 10.
    1x1.1^17

    Not too bright huh?

  12. #22262
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    May 2006
    Location
    Colorado
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    Quote Originally Posted by dunfree View Post
    2005? long distance was free with cells. I think you mean 27 or 37 years

    $15k m3 weren’t a thing
    The thing I like about you is you really get me. JBDJ probably wasn't taking his girl out on the town for $20 either. I've never seen a 400/mo rent in my life.

  13. #22263
    Join Date
    Jan 2010
    Location
    your vacation
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    3,679
    Quote Originally Posted by The AD View Post
    Yeah, you see quite a few in Whistler, too. Not sure why there would be anything shady about it and it makes more sense to me than having lots of vacation homes that sit empty for the majority of the year. Seems like some people want it both ways: no STRs and no homes sitting vacant and that's impossible to achieve.
    ban this ban that next thing you know the place shuts down

    Quote Originally Posted by J. Barron DeJong View Post
    I believe the dream is to have all housing for locals only, while not losing out on any of the benefits that visitors bring to a vacation town. (I say this only slightly facetiously, as a ski town local.)
    a ski town of just core locals who get endless first tracks day after day with no lift lines and cheap passess and universal income where is this town?

    Quote Originally Posted by Name Redacted View Post
    Mayor in one of our local towns states outright that he wishes he could figure out a way to go after second homeowners like they have the STRs.
    sounds about right people in summit can't get out of there own way
    the statements causes and shit are endless

    this article takes the cake I'd be embarrased to be featured in it
    but that is summit county everyone is entitled to their dream and it all has to come true without any hardships or effort
    I guess all those summers living in a tent were for nothing I shud have just demanded it

    https://www.summitdaily.com/news/lac...of-the-county/

    feels like a fucking friday

  14. #22264
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    Oct 2007
    Posts
    11,198
    Yeah, that article was pretty fucked.

  15. #22265
    Join Date
    Oct 2003
    Posts
    1,248
    https://www.marketwatch.com/story/in...?mod=home-page..... Article today from Market Watch
    what's so funny about peace, love, and understanding?

  16. #22266
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    May 2006
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    Colorado
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    Quote Originally Posted by NakedShorts View Post
    You suck at math. 10% inflation doubles every 7 years. So about 2.5xs not 10.
    Uh huh. Somewhere there's a 3rd grade D math student in common core ready to dunk on you.


  17. #22267
    Join Date
    Nov 2005
    Posts
    7,574
    That was a solid self own there. Sigworthy.

    Even more awesome because 2^2.5 > 1.1^17

  18. #22268
    Join Date
    Jun 2020
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    2,013
    Quote Originally Posted by CarlMega View Post
    The thing I like about you is you really get me. JBDJ probably wasn't taking his girl out on the town for $20 either. I've never seen a 400/mo rent in my life.
    Shit… you’re right. With my $50k salary I actually bought a used Mazda, had to pay about $1200/month for a pretty mediocre apartment outside of Baltimore, and a pretty average restaurant meal for two cost about $40-$50 if you got a beer with it.

  19. #22269
    Join Date
    Nov 2007
    Location
    águila
    Posts
    1,090
    Lack of childcare is nothing new. My office had a remodel a few years ago, so we were purging old files. I found a clipped newspaper article (was it the "Vail Daily" in 1993? I would have been in an Iowan 4th grade classroom) about Vail buying Arrowhead and adding it onto Beaver Creek. On the backside of that clipping was an article about the outrageous cost and unavailability of daycare in the area.

    FYI - we're in a tiny mountain town with great bike trails, high cost of living, overpriced real estate, understaffed everything. Paying $50/day apiece for 1 and 3 year olds. The older one is about to join a preschool for the same cost.

    Childcare is a weird thing that is both too expensive for parents and too underpaid to providers.

  20. #22270
    Join Date
    Dec 2010
    Location
    Mountains, Trees, and a Big Blue Lake
    Posts
    629
    If you had a $1000 after 7 years you would then need $2000 with 10% inflation. $4000 after the next 7 years. Prices would have doubled about 2.5 Times in 17 years. Coincidentally, it is also 5x the original cost.

    I did the math.

  21. #22271
    Join Date
    Jun 2020
    Location
    in a freezer in Italy
    Posts
    5,459
    re: childcare cost: I think the kids are siphoning off the money somehow.

  22. #22272
    Join Date
    Oct 2008
    Location
    valley of the heart's delight
    Posts
    1,830
    Quote Originally Posted by NakedShorts View Post
    You suck at math. 10% inflation doubles every 7 years. So about 2.5xs not 10.
    Your third statement does not follow from the second. The second is true.
    17 years allows for more than two doublings, so 5x is a good guess.

  23. #22273
    Join Date
    May 2006
    Location
    Colorado
    Posts
    1,372
    Quote Originally Posted by NakedShorts View Post
    I did the math.
    Sure, you did. DYOMR from Dr. Google.

    Edit: Anyone else dying inside because his first post isn't internally consistent. Then his follow-up 'I can save this'... "doubling 2.5x" also isn't consistent. It's killing me.
    Last edited by CarlMega; 06-29-2022 at 10:16 PM.

  24. #22274
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    May 2006
    Location
    Colorado
    Posts
    1,372
    Quote Originally Posted by J. Barron DeJong View Post
    Shit… you’re right. .
    I already know you get me. Finger mustache gave it away.

  25. #22275
    Join Date
    Dec 2007
    Location
    Denver
    Posts
    2,531
    Quote Originally Posted by fastfred View Post
    just had a good discussion about south park (fairplay colorado) area today the writing is on the wall over there
    way too over valued and one too many homeowner builds plus people who think they can build cheap over there lots of unfinished properties and lots of over valued homes on the market just sitting and other people who realized they bought a house at the end of shitty dirt road
    We are doing a homeowner build in Valley of the Sun outside of Fairplay near the end of a fairly shitty dirt road that is not too high up the mountain that is an arterial for plowing. Working on site prep this year. Got the well drilled in January. There has been a major run up in land and home prices the past two years there, but now houses and lots seem to be sitting and having fairly large price cuts in quite a few cases. My Dad owns a construction company in NE with my brothers and I worked with him for 10 years. It is going to be quite the process. I’d like to hear more of your take on the Fairplay area and what you’ve observed.

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