Page 305 of 1072 FirstFirst ... 300 301 302 303 304 305 306 307 308 309 310 ... LastLast
Results 7,601 to 7,625 of 26794
  1. #7601
    Join Date
    Oct 2003
    Location
    In Your Wife
    Posts
    8,291
    Can we tell Zuckerberg to take a dive cruise where Bromontana is assigned to the night watch shift instead?

  2. #7602
    Join Date
    Dec 2016
    Posts
    2,560

    Real Estate Crash thread

    I’ve got a flashback for ya Brit. 2014 Microsoft merger/redundancy layoff. 18,000 people.
    ONLY 1351 Seattle area employees affected and still caused a ripple in our housing market. 1351. How many more tech jobs have come to this area since then? 100-200,000? How many bookfacers here? How many 1-1.5MM homes do they occupy?

  3. #7603
    Join Date
    Dec 2016
    Posts
    2,560
    Dammit, I think you’re right. As a dentist I shouldn’t have a blindspot for when it comes to never ending residual fortune.

  4. #7604
    Join Date
    Oct 2003
    Location
    Looking down
    Posts
    50,491
    Quote Originally Posted by dunfree View Post
    He's described pretty much every major metro area in the US.

    and they all have shitty traffic in some way or another.
    Not really. We have mass transit in the east.

  5. #7605
    Join Date
    Sep 2004
    Location
    Where the center is on the right
    Posts
    872
    Quote Originally Posted by glademaster View Post
    You never actually get where you're going out here, you get asymptotically closer to your destination as traffic gets worse and worse.
    Ha! Great sentence.

    Visiting now. Not used to the press of humanity but as far as cities go it’s pretty nice. Tech bro vibe is strong though.
    "If you're gonna be dumb, you gotta be tough."

  6. #7606
    Join Date
    Mar 2006
    Posts
    19,804
    Steph Curry paid $31 million for his new pad in Atherton.

  7. #7607
    Join Date
    Aug 2004
    Location
    New Haven Line heading north
    Posts
    2,944
    In 75 years when the SW and the Gulf Coast become unlivable, NE real estate will regain its value. Just a question of getting the kids to keep ye ol’ homestead.
    Charlie, here comes the deuce. And when you speak of me, speak well.

  8. #7608
    Join Date
    Oct 2003
    Location
    Looking down
    Posts
    50,491
    Well, at least it rains here, there's no tornadoes or earthquakes, and we have mass transit. And, its green.

  9. #7609
    Join Date
    Mar 2006
    Posts
    19,804
    Quote Originally Posted by Benny Profane View Post
    And, its green.
    .

    For 5 months. Grey and brown the rest

  10. #7610
    Join Date
    Oct 2003
    Location
    Looking down
    Posts
    50,491
    Yeah, October really sucks.

  11. #7611
    Join Date
    Aug 2007
    Location
    At the beach
    Posts
    19,061
    I welcome the Global Warmingz, as that is my ticket back to Canada. Fucking glaciers hurry up and melt and put my hood under water so the wife will finally move.
    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.

  12. #7612
    Join Date
    Nov 2003
    Location
    none
    Posts
    8,320
    You’re Canadian, so it’s a good choice. But low elevation and potentially Smokey summers are keeping me at 8000ft in the RFV.

    They’re will always be dips and hopefully that’s when your buying.
    Buying is when you have the most leverage and your decisions will have the most effect on your final ROI.

    Buy something unique, that can’t be easily duplicated. I’d probably be looking at lake front, near Whistler or the Powder Hwy.

  13. #7613
    Join Date
    Sep 2006
    Posts
    6,385
    Well here we go. Looks like we get to bail out some of the lucky bastards that got to have beach property for at least a portion of their time.
    https://www.bloomberg.com/news/featu...e-florida-keys

  14. #7614
    Join Date
    Feb 2009
    Location
    On Vacation for the Duration
    Posts
    14,373
    I've reached my limit and they're onto incognito. Cliff notes?
    A few people feel the rain. Most people just get wet.

  15. #7615
    Join Date
    Aug 2007
    Location
    At the beach
    Posts
    19,061
    Quote Originally Posted by wooley12 View Post
    I've reached my limit and they're onto incognito. Cliff notes?
    People on the coast are fucked unless they are up on a hill or bluff.
    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.

  16. #7616
    Join Date
    Nov 2006
    Location
    colorady
    Posts
    1,318
    Quote Originally Posted by liv2ski View Post
    People on the coast are fucked unless they are up on a hill or bluff.
    Even if they were, everything else around them will be underwater. Good time to buy an airboat?

  17. #7617
    Join Date
    Sep 2006
    Posts
    6,385
    I’ll admit I didn’t make it to the end of the article, but from the first half, sounds like they are getting million dollar gov cash buyouts. No?

  18. #7618
    Join Date
    Nov 2005
    Location
    Down In A Hole, Up in the Sky
    Posts
    35,321
    And soon they will be shopping here...
    Forum Cross Pollinator, gratuitously strident

  19. #7619
    Join Date
    Oct 2003
    Location
    Looking down
    Posts
    50,491

  20. #7620
    Join Date
    Aug 2007
    Location
    At the beach
    Posts
    19,061
    Quote Originally Posted by Benny Profane View Post
    by Allan Sloan Oct. 10, 5 a.m. EDT

    Daniel Savage, special to ProPublica

    ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up for ProPublica’s Big Story newsletter to receive stories like this one in your inbox as soon as they are published.

    This story was co-published with Fortune.

    Lamle’s model isn’t applicable to most people because it works only for taxpayers with a household income of at least $200,000 a year who paid at least $1 million for their homes. But the principle underlying Lamle’s model applies to everyone who owns a home or is interested in owning one. To wit: You calculate the tax-law-caused loss of value by figuring out how much a house’s price needs to fall for buyers’ or owners’ after-tax costs to be the same now as they were before the tax law changed.

    “People buying large-ticket items typically focus on after-tax costs of ownership,” Lamle told me. “The amount that many buyers can afford is affected by limits on their financial resources. Therefore, as their tax costs increase substantially because of the loss of tax deductions, they have less money available to pay for homes and to take on mortgage debt.”

    At the suggestion of one of my editors, I asked Lamle to use a modified version of his economic model to estimate the tax law’s impact on the value of a theoretical house in the New York City suburb of West Orange, New Jersey, purchased for $800,000 in 2017 by a theoretical family with a $250,000 annual income. Those home value and income numbers are very high by national standards — but middle class by the standards of large parts of suburban Essex County.

    Real estate tax on that theoretical house would run about $28,900 a year, according to statistics from the New Jersey state treasurer’s office. That tax used to be fully deductible for federal tax purposes. Now, it’s not deductible at all if you assume that the house’s owners are taking the standard deduction on their federal returns. Or that even if they’re itemizing deductions, they’re paying at least $10,000 of state income taxes, which means they don’t get any benefit from deducting property taxes.

    According to Lamle’s calculations, this inability to deduct real estate tax has reduced the home’s value by $138,720, assuming a 5% mortgage rate. At a 4% rate, the value loss is $173,400. (For the math and assumptions underlying these numbers, see his methodology below.) So if the family put up $200,000 — 25% of the purchase price — to buy the house, more than half of that investment has been wiped out.

    Obviously, it’s impossible to prove that Zandi and Lamle are right about the impact they say the tax law is having (and will continue to have) on home prices, because there’s no way to gauge the accuracy of their numbers. But the logic is compelling.


    Real Estate Taxes of almost $29k a year for a $800k property Fuck me! I will never say anything bad about what I pay in CA ever.
    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.

  21. #7621
    Join Date
    Oct 2003
    Location
    Looking down
    Posts
    50,491
    Yeah, it's really bad in NJ and Westchester. The market was still down to stagnant since the crash, and this tax bill has really hurt. And, like it or not, but this is the middle class getting hit.

  22. #7622
    Join Date
    Oct 2003
    Location
    Looking down
    Posts
    50,491
    Quote Originally Posted by Stu Gotz View Post
    In 75 years when the SW and the Gulf Coast become unlivable, NE real estate will regain its value. Just a question of getting the kids to keep ye ol’ homestead.
    Oh, and, just to update, they don't have to turn off the electricity so that hundreds don't die in uncontrollable flash fires.

  23. #7623
    Join Date
    Jan 2005
    Location
    cb, co
    Posts
    5,029
    Quote Originally Posted by liv2ski View Post

    Real Estate Taxes of almost $29k a year for a $800k property Fuck me! I will never say anything bad about what I pay in CA ever.
    When TX buyers ask me about taxes on the properties they're looking at here in CO, they often say "Is that per month?". Then I say, "no, that's per year" and then they laugh and don't worry about the taxes.

  24. #7624
    Join Date
    Sep 2005
    Location
    Not in the PRB
    Posts
    32,689
    Quote Originally Posted by Benny Profane View Post
    Oh, and, just to update, they don't have to turn off the electricity so that hundreds don't die in uncontrollable flash fires.
    Yet. 75 years from now, I'm not willing to bet.
    "fuck off you asshat gaper shit for brains fucktard wanker." - Jesus Christ
    "She was tossing her bean salad with the vigor of a Drunken Pop princess so I walked out of the corner and said.... "need a hand?"" - Odin
    "everybody's got their hooks into you, fuck em....forge on motherfuckers, drag all those bitches across the goal line with you." - (not so) ill-advised strategy

  25. #7625
    Join Date
    Oct 2003
    Location
    Looking down
    Posts
    50,491
    Dude, we don't live in a place surrounded by dry tinder. And, it was that way a hundred years ago out there. Everybody moves to a dry place, settles in, and then get all freaked out when the world burns. But, the surfing is good, right?

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •