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  1. #8201
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    Mar 2008
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    the ham
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    13,370
    Getting a lousy education, then spending a lifetime pitted against your fellow workers in the gladiatorial theater of the free market economy does not make for optimism or open mindedness, both hallmarks of liberalism. It makes for a kind of bleak coarseness and inner degradation that allows working people to accept the American empire's wars without a blink.

    I've read it. I actually own a copy, maybe I should re-read it. I'm sure it's just as true a decade later. Maybe more so.

    I should add that most of the people I'm seeing moving to small town pnw are generally coming from 'liberal' big cities (Seattle, Portland, Bay Area) and from both ends of the income scale.

  2. #8202
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    Oct 2003
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    Quote Originally Posted by ncskier View Post
    Try reading this book. Deer Hunting with Jesus

    https://www.amazon.com/Deer-Hunting-.../dp/0307339378
    Hmmm....downloaded to Kindle.

  3. #8203
    Join Date
    Feb 2015
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    MA
    Posts
    4,496

    Real Estate Crash thread

    Quote Originally Posted by Benny Profane View Post
    So, more concentrated pockets of poverty scattered about America. That's great. Read some stories about places where WalMart closed. Because, they will, of course. That family didnt get rich being concerned about what they're doing to countless communities in America, and they'll leave in a flash when all they have is their own employees as customers, because they're so underpaid, you and I support them with food stamps.
    The garbage dump may have turned into a recycling center
    But it looks exactly the same
    The same broken bed frames, soggy cardboard, gulls
    Same trash I saw here when I was a kid
    In fact, this used to be our playground
    In American Canyon
    Where Walmart employees and customers are one and the same
    They've even built apartments here to add a residential coffin to the bargain
    Guess I'll stay forever and work for the company store
    Where are you? Where are you? Where are you?
    Where are you? Where are you? Where are you?
    Where are you? Where are you? Where are you?
    Where are you to share these spoils, this sacred American trash?
    Black as my soul is, don't leave me here alone
    Here to fall into the bottomless canyon of nightmares
    Falling, falling, falling
    Falling, falling, falling, falling, falling
    Falling, falling, falling, ooh yeah
    Falling, falling, falling, falling
    Falling, falling, falling, falling
    In American Canyon
    Where trucks and homes are bigger
    And the cops are mostly white
    And they have a recycling center
    And a Walmart


  4. #8204
    Join Date
    Sep 2010
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    2,248
    I'm now acutely interested in how this plays out. I'm moving to Las Vegas this summer. Originally our plan was to be looking now so as to buy a house we could move into either in Boulder City or in Henderson on the edge of Sloan Canyon. Vegas seems like it will be particularly hard hit by this economic turmoil, so I'll be holding off on buying, but I'm curious as to the time frame of the dip. We'll probably rent for at least 6 months and see where things go.

    My job isn't travel/casino related (I'll be creating a Data Science program at Nevada State), so a dip in real estate prices may benefit me. We were looking in the $375k +/- 50k range, but what falls into that range will likely change a bit to the positive. Or I might be able to buy the same type of house that was on the market for mid-high 3s previously for less and look for bargain cabins at altitude near Brian Head or Flagstaff.

    The same school tried to hire me last year, but I ended up declining. That might end up being very fortunate as I ended up with a 10% better offer and likely more of a buyer's market, but we shall see.

  5. #8205
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    Oct 2003
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    Lucky you. Vegas is a ghost town right now.

  6. #8206
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    Sep 2010
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    2,248
    Quote Originally Posted by Benny Profane View Post
    Lucky you. Vegas is a ghost town right now.
    To be honest, I have no real attraction to the Strip aspect of Vegas. I am exciting for the nearby biking/hiking though. So I hope it turns around for others sake, but a ghost town won't bother me.

  7. #8207
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    Oct 2009
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    seatown
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    Quote Originally Posted by 4matic View Post
    Boo hoo. Job sucking, regulation skirting, tax dodging, fee gouging, long term rental destroying, "businesses."
    this isn’t the stock market thread

  8. #8208
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    Mar 2006
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    19,814
    Quote Originally Posted by shroom View Post
    this isn’t the stock market thread
    Airbnb said on Thursday that it would file for an initial public offering in 2020, marking what will be another in a string of huge Wall Street debuts for tech companies. Airbnb, which rents homes to vacationers,

  9. #8209
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    hah, gross. the timing sounds wonderful.

  10. #8210
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    Jan 2011
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    Alta
    Posts
    2,933
    Quote Originally Posted by 4matic View Post
    Airbnb said on Thursday that it would file for an initial public offering in 2020, marking what will be another in a string of huge Wall Street debuts for tech companies. Airbnb, which rents homes to vacationers,
    I’d be so happy if they shit the bed. Fuck Airbnb. And if Airbnb & VRBO owners get bailed out I’ll be beyond pissed. Those fuckers have already screwed so many communities they deserve to go down

  11. #8211
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    Aug 2007
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    At the beach
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    19,069
    Quote Originally Posted by altacoup View Post
    I’d be so happy if they shit the bed. Fuck Airbnb. And if Airbnb & VRBO owners get bailed out I’ll be beyond pissed. Those fuckers have already screwed so many communities they deserve to go down
    Nobody is bailing out home owners silly. Government handouts are for the well connected and corporations donating to Dumps. Fuckin Blackrock made a bazillion dollars buying up all the foreclosures last time around and they and companies like them are slathering at the bit to do it again.
    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. #8212
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    Oct 2003
    Location
    Ogden
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    9,109
    Quote Originally Posted by glademaster View Post
    If you can't afford to let your second home sit vacant 100% of the time you aren't using it yourself, you can't afford a second home. Seems perfectly reasonable to me.
    Yeah, we can afford to let the 2nd home sit 100% of the time we aren't using it, even if it's uncomfortable. So long as we both keep jobs. And for the record, this isn't supposed to be a 2nd home forever, just for a few years until we can leave Utah and sell the primary home. But now it just seems like there are too many unknown variables to plan for.

  13. #8213
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    Apr 2005
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    A LSD Steakhouse somewhere in the Wasatch
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    13,234
    Quote Originally Posted by iceman View Post
    We put our house up for sale Feb. 21 and the Dow was at like 29 and a week later it was 25 and 2 weeks later it's under 20 and disease is roaming the countryside and terrorizing the populace. Think it'll sell?
    not unless you bury st joe in the yard and burn the st jude candle
    those have both worked for me
    well yeah
    I never tried them during a global pandemic
    but whatcha got to lose
    "When the child was a child it waited patiently for the first snow and it still does"- Van "The Man" Morrison
    "I find I have already had my reward, in the doing of the thing" - Buzz Holmstrom
    "THIS IS WHAT WE DO"-AML -ski on in eternal peace
    "I have posted in here but haven't read it carefully with my trusty PoliAsshat antenna on."-DipshitDanno

  14. #8214
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    Sep 2001
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    The Cone of Uncertainty
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    49,306
    Nah even the saints wouldn't help this, who in their right mind would go tour through somebody else's house right now? We're resigned to having nothing happen for a long time but we're gonna just leave it listed so it shows up on the internet.

  15. #8215
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    Mar 2008
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    northern BC
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    30,885
    Fuck ya RE is gona tank, you don't shut down the world and nothing happens

    The GF has been running nice little airBnB in her house and thats done

    duno how her studio is going to survive
    Lee Lau - xxx-er is the laziest Asian canuck I know

  16. #8216
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    Jan 2020
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    56
    Quote Originally Posted by liv2ski View Post
    Fuckin Blackrock made a bazillion dollars buying up all the foreclosures last time around
    I feel like this is an undercovered story given the impact on price and market clearance, downstream effect on affordability, etc. Financializing residential RE is turning into quite a disaster.

  17. #8217
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    Mar 2008
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    northern BC
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    30,885
    Quote Originally Posted by Benny Profane View Post
    Lucky you. Vegas is a ghost town right now.
    every where is a ghost town right now
    Lee Lau - xxx-er is the laziest Asian canuck I know

  18. #8218
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    Oct 2009
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    seatown
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    4,117

    Real Estate Crash thread

    Quote Originally Posted by the artist formerly known as brostoyevski View Post
    I feel like this is an undercovered story given the impact on price and market clearance, downstream effect on affordability, etc. Financializing residential RE is turning into quite a disaster.
    it’s going to hold back a few generations.

  19. #8219
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    Oct 2003
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    In Your Wife
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    Quote Originally Posted by iceman View Post
    Nah even the saints wouldn't help this, who in their right mind would go tour through somebody else's house right now? We're resigned to having nothing happen for a long time but we're gonna just leave it listed so it shows up on the internet.
    My landlord had the gall to ask that me to let an appraiser do a walk through of the place next week. I told him that nobody except me is setting foot in my place until this corona thing settles down unless they have a warrant. Fuckin' asshole.

  20. #8220
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    Oct 2003
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    Quote Originally Posted by glademaster View Post
    My landlord had the gall to ask that me to let an appraiser do a walk through of the place next week. I told him that nobody except me is setting foot in my place until this corona thing settles down unless they have a warrant. Fuckin' asshole.
    Stupid time to do an appraisal. It's going to probably be worth less in six months.

  21. #8221
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    Oct 2003
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    Quote Originally Posted by Benny Profane View Post
    Stupid time to do an appraisal. It's going to probably be worth less in six months.
    I'm also surprised that there is someone willing to perform a service like that right now. All of the private inspection companies I'm in contact with around here have stopped doing any work in occupied homes, and my jurisdiction put the same measures in place earlier this week.

    I had someone lose their mind when I told them I wouldn't be coming to look at their new furnace. After this individual sent multiple emails and voicemails to my boss and the department director about the "Covid19 conspiracy," my laziness for not being willing to perform the inspection when they're "trapped at home by the governor" and emails in all caps demanding to know "WHAT IS REALLY GOING ON?!" I'm confident I made the right choice not being alone in a house with that person.

    If you ever wanted to replace your own wax ring all willy-nilly, now's the time. You heard it here first.

  22. #8222
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    Oct 2007
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    12,609
    Quote Originally Posted by Benny Profane View Post
    Stupid time to do an appraisal. It's going to probably be worth less in six months.
    Refinancing

  23. #8223
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    That's decided upon by market value. Doubtful a bank is going to sign off on February's values. Whole new world coming up. Maybe the same, maybe not.

  24. #8224
    Join Date
    Aug 2007
    Location
    United States of Aburdistan
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    7,281
    We are getting an appraisal done for a refinance. I’m only slightly worried if a guy walks through our house, I presume he will wear gloves and won’t take long. It’s pretty obvious the house is not a shithole and worth financing. Wife and I will talk it over before he comes, I’m sure.

    There are about 80 cases in our county, out of 1.1 million total people, risk is low. But if no appraiser Is taking jobs, fine, it’s worth trying to refinance save a shitload of money. Hopefully its not all for nothing.

  25. #8225
    Join Date
    Apr 2010
    Posts
    805
    Quote Originally Posted by glademaster View Post
    My landlord had the gall to ask that me to let an appraiser do a walk through of the place next week. I told him that nobody except me is setting foot in my place until this corona thing settles down unless they have a warrant. Fuckin' asshole.
    I have deal where a buyer is walking all 200 units of an Apt property in a big gun state this week. Think he gets some pushback

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