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  1. #10276
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    Aug 2006
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    I'd plan on renting. Four year turnaround is tough to get back your costs in any market.

    That being said, this isn't tulip bulbs, people gotta live somewhere and we aren't exactly losing overall population numbers. Depends on your local market of course. Places like Utica NY or the like are definitely declining while the Denver metro continues to grow, etc.

    I continue to believe though that all these WFH FOREVER! types, and their resulting effects on specific markets, are thinking extremely short term. Take Stripe for example. They are offering 20k to work from home but then immediately reducing your salary 20%. Talk about a deflationary event if there is a mass reduction in overall compensation for white collars like that. People will be back in the office within an hour of that phone call though so that will nip that trend in the butt right quick.
    Live Free or Die

  2. #10277
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    Oct 2003
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    slc
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    Quote Originally Posted by AdironRider View Post
    People will be back in the office within an hour of that phone call though so that will nip that trend in the butt right quick.
    Lots of French benefits at the office, too.

  3. #10278
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    Aug 2007
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    At the beach
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    14,106
    With a 4 year horizon I would not be motivated to pay the current prices. If you were going to own for 10+ years, then I would say it doesn't matter from my experience in CA
    Quote Originally Posted by leroy jenkins View Post
    I think you'd have an easier time understanding people if you remembered that 80% of them are fucking morons.
    That is why I like dogs, more than most people.

  4. #10279
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    Oct 2003
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    Quote Originally Posted by Timberridge View Post
    If you want to live in an area where there are jobs that pay above poverty wages you gotta pay up, buttercup.
    Fixed it for you, you fucking asshole.

    In my line of work, I can find the exact same job in two different geographic areas with a $70K+ per year difference in income. Now sure, housing is cheap where wages are low, but try buying a "cheap" house in the US in 2020 when you're grossing $35-40k a year. This is the fatal flaw with your point: for a lot of jobs, wages don't cover the cost of living ANYWHERE, but wages scale more closely with cost of living in expensive/desirable areas than less desirable ones.
    I remember a bottomless freedom...

  5. #10280
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    Aug 2007
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    GM, if a person makes $40k a year they better live where shit is dirt cheap to be able to buy a home. My daughter had her wages cut in half due to this Covid shit. Her employer went under and she had to start from the bottom again.
    Unless you are making $80k+ forget about buying most anywhere these days.
    Quote Originally Posted by leroy jenkins View Post
    I think you'd have an easier time understanding people if you remembered that 80% of them are fucking morons.
    That is why I like dogs, more than most people.

  6. #10281
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    Mar 2006
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    Beaverton, OR
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    435
    Quote Originally Posted by glademaster View Post
    Fixed it for you, you fucking asshole.

    In my line of work, I can find the exact same job in two different geographic areas with a $70K+ per year difference in income. Now sure, housing is cheap where wages are low, but try buying a "cheap" house in the US in 2020 when you're grossing $35-40k a year. This is the fatal flaw with your point: for a lot of jobs, wages don't cover the cost of living ANYWHERE, but wages scale more closely with cost of living in expensive/desirable areas than less desirable ones.
    Owning a home isn't all its cracked up to be. Trust me...keep renting....in the meantime keep shouting at the wind.

  7. #10282
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    Feb 2010
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    Portland by way of Bozeman
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    3,223
    Quote Originally Posted by MontuckyFried View Post
    That's insane. Especially considering the usual wages around there. Looks like the place continues it's growing percentage of trustfunders and other rich mofos. Many of whom try and act like they're dirtbags. Lol. Young bearded/mustachio'd dudes drinking PBR be like "Pay no attention to my decked out Sprinter 4x4 out back. You didn't see that. The struggle is real, ya know."
    Quote Originally Posted by sirbumpsalot View Post
    Owning a home isn't all its cracked up to be. Trust me...keep renting....in the meantime keep shouting at the wind.
    No kidding. Bring money.... FML

  8. #10283
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    Oct 2003
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    Big in Japan
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    43,560
    Quote Originally Posted by Stu Gotz View Post
    House in town went on market in 2011 for $8.4 million. Sold this month for $3.6. That's gonna work the pocket book.
    Irrational exuberance

    Let's do some livin'
    After, we die

  9. #10284
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    Oct 2003
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    Big in Japan
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    Quote Originally Posted by Timberridge View Post


    Pro tip: Upstate NY you can still find very affordable housing. You want to live in an area where everyone else wants to live you gotta pay up, buttercup.
    Old farmhouses with the same property taxes as Westchester.

    Let's do some livin'
    After, we die

  10. #10285
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    Sep 2006
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    4,306
    Home ownership is no longer the American dream that it once was.
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  11. #10286
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    Dec 2016
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    In a van... down by the river
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    5,792
    Quote Originally Posted by sirbumpsalot View Post
    Owning a home isn't all its cracked up to be. Trust me...keep renting....in the meantime keep shouting at the wind.
    This. In fact, it sucks. It's a giant goddam boat anchor.

  12. #10287
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    Quote Originally Posted by sirbumpsalot View Post
    Owning a home isn't all its cracked up to be. Trust me...keep renting....in the meantime keep shouting at the wind.
    I think I mentioned it in another thread, but I use the TGR Forums as the "Third Floor Bathroom" for my thoughts. This seems like as good a place as any to rant.
    I remember a bottomless freedom...

  13. #10288
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    Nov 2011
    Location
    Missoula
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    52
    Quote Originally Posted by Toadman View Post
    Damn, that's incredible. But it does seem like interest rates have no room to go up with the tens of trillions in debt the USA has no hope of ever paying back, let alone slowing the increasing national debt.
    As long as the most ambitious and hardest working citizens of the rest of the world keep moving to America then we'll be able to kick the can longer than Japan. Population growth is free GDP points.

  14. #10289
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    Oct 2009
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    seatown
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    3,430
    Quote Originally Posted by Norseman View Post
    wut

    good for you guys. may I visit when the vax is ready?
    you bet, looking forward to it

    Quote Originally Posted by CascadeLuke View Post
    Congrats, sounds like a score and gma is probably delighted. Hope to see you two around still.
    gma is loving it. she’s my last of that generation so i am as well. work/family/bbi should pull me over, the mountains will call

  15. #10290
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    Nov 2005
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    Making the Bowl Great Again
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    12,472
    Quote Originally Posted by RoooR View Post
    As long as the most ambitious and hardest working citizens of the rest of the world keep moving to America then we'll be able to kick the can longer than Japan. Population growth is free GDP points.
    We should've given a green card to everyone in Hong Kong but we are too racist to look out for our own self-interest.

  16. #10291
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    Sep 2006
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    4,306
    Quote Originally Posted by RootSkier View Post
    We should've given a green card to everyone in Hong Kong but we are too racist to look out for our own self-interest.
    This is America, home of capitalism. We should have charged every HKG resident $1 million for a green card. But I hear JaKush has connections to get his rich foreign buddies green cards on the DL.
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  17. #10292
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    Apr 2007
    Location
    Bethel, Maine
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    776
    Quote Originally Posted by Toadman View Post
    This is America, home of capitalism. We should have charged every HKG resident $1 million for a green card. But I hear JaKush has connections to get his rich foreign buddies green cards on the DL.
    It's only $500k to buy a green card through the EB-5 program, and you might actually get a return on the money if it doesn't end up in a pyramid scheme first...

    Sent from my SM-G892A using TGR Forums mobile app

  18. #10293
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    northern BC
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    They tried that in Canada and it didnt really work all that well
    Lee Lau - xxx-er is the laziest Asian canuck I know

  19. #10294
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    Sep 2006
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    4,306
    Quote Originally Posted by anotherVTskibum View Post
    It's only $500k to buy a green card through the EB-5 program, and you might actually get a return on the money if it doesn't end up in a pyramid scheme first...

    Sent from my SM-G892A using TGR Forums mobile app
    Well, for an extra $500k, you get moved to the front of the line, because, Capitalism!!!
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  20. #10295
    Join Date
    Dec 2012
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    11,490
    Quote Originally Posted by glademaster View Post
    Fixed it for you, you fucking asshole.

    In my line of work, I can find the exact same job in two different geographic areas with a $70K+ per year difference in income. Now sure, housing is cheap where wages are low, but try buying a "cheap" house in the US in 2020 when you're grossing $35-40k a year. This is the fatal flaw with your point: for a lot of jobs, wages don't cover the cost of living ANYWHERE, but wages scale more closely with cost of living in expensive/desirable areas than less desirable ones.
    Don't yell at me. I'm just stating the facts.
    "timberridge is terminally vapid" -- a fortune cookie in Yueyang

  21. #10296
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    Aug 2007
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    At the beach
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    14,106
    Quote Originally Posted by XXX-er View Post
    They tried that in Canada and it didnt really work all that well
    Pretty much every country has experimented with that policy to discover the pitfalls of allowing unprincipled people with money in to take advantage of the system. Sadly, many people suck ass and likely are use to breaking the rules to get their wealth. You don't want those fuckers, anywhere.
    Quote Originally Posted by leroy jenkins View Post
    I think you'd have an easier time understanding people if you remembered that 80% of them are fucking morons.
    That is why I like dogs, more than most people.

  22. #10297
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    Nov 2003
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    Joisey
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    1,787
    Quote Originally Posted by XXX-er View Post
    They tried that in Canada and it didnt really work all that well
    Cayman Islands allows residency/citizenship for a “fee”, I mean investment.
    Because rich has nothing to do with money.

  23. #10298
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    Jan 2017
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    on the banks of Fish Creek
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    3,024
    How’s the skiing there?

  24. #10299
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    Mar 2008
    Location
    northern BC
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    Quote Originally Posted by liv2ski View Post
    Pretty much every country has experimented with that policy to discover the pitfalls of allowing unprincipled people with money in to take advantage of the system. Sadly, many people suck ass and likely are use to breaking the rules to get their wealth. You don't want those fuckers, anywhere.
    the opposite of an RE crash, the RE prices in Vancover have been pretty much off the charts for many years
    Lee Lau - xxx-er is the laziest Asian canuck I know

  25. #10300
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    Aug 2007
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    I read this morning that the overall appreciation rate in Canada was 18% for the last 12 months So some areas are obviously exploding higher.
    Quote Originally Posted by leroy jenkins View Post
    I think you'd have an easier time understanding people if you remembered that 80% of them are fucking morons.
    That is why I like dogs, more than most people.

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