Merv's Politically Incorrect Audio Blog

Discussion in 'SBAF Blogs' started by purr1n, Dec 26, 2018.

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  1. Psalmanazar

    Psalmanazar Most improved member; A+

    Slaytanic Cliff Clavin
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    Both of them should be thrown in the hole until they’re dead for insider trading.
     
  2. wormcycle

    wormcycle Friend

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    The author of this report its chairman, Tony Sewell. who is black, there is only one white person among 12 authors of the report, has been a subject of hate campaign led by The Guardian. A Cambridge professor likened Mr. Sewell to Nazi Joseph Goebbels, a Labor member of Parliament said that he belonged in the Ku Klux Klan. KKK must be a very inclusive organization these days.
    As Russian dissidents were saying: true is anti-Soviet.
     
  3. wormcycle

    wormcycle Friend

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    Fundraising, it is that simple.
     
  4. YMO

    YMO it's not drinking alone if you're on Zoom

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    Also being part of the SF Elite and part of the CA Clan as @purr1n stated in the past helps.
     
  5. Thad E Ginathom

    Thad E Ginathom Friend

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    The Guardian stands out as an essentially decent newspaper. The British government doesn't even know the word decency. I'd rather have a newspaper with some standards, than a government without. And they are not even good at what they are supposed to do: the party of British capitalism is destroying Britain. Sorry, has destroyed.
     
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  6. Deep Funk

    Deep Funk Deep thoughts - Friend

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    The Guardian is a newspaper that you have to take with a grain of salt. Daily reports and/or articles fine. The opinion pieces and human rights articles be careful.

    I used to like that newspaper, not anymore. Also sometimes certain people in high places who enjoy their tea in their ivory towers are not to be taken seriously. They can keep Brexit and stay away.
     
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  7. wormcycle

    wormcycle Friend

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    That's how lies turn into "science", "science" into "reality" and "reality" into political choices:
     
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  8. Deep Funk

    Deep Funk Deep thoughts - Friend

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    I hope that by the end of the Summer everybody has had their vaccine(s).

    I am lucky to get by but this is not living.
     
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  9. YMO

    YMO it's not drinking alone if you're on Zoom

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    @purr1n you think this housing market will stop being hot one day?

    Supply and Demand for housing is utter nuts ATM, which could make me priced out of FL of all things....
     
  10. robot zombie

    robot zombie Friend

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    It's insane. New 300sqft under air's, bone stock template homes are up for 400kin a high crime area. Somebody got shot in a traphouse a couple blocks over just a couple of months ago. Here I am in a 3-bed/800, in a much nicer part, that would've went for ~220 just a few years ago. The lowest rent here is probably $1200. You could be making mortgage payments on a whole ass house for you what you'll end up paying to rent a shithole. I don't think my parent's mortgage payments are much higher. For that, you're getting a place to sleep and put things, while my parents live in a fairly large, beautiful home. I rented a 2-bedroom apartment for $500 in 2010 and that was considered normal here for a decent cheap place.
     
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  11. YMO

    YMO it's not drinking alone if you're on Zoom

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    Tell me about. The apartments in my area cost for a 1/1 about $600-$700 a few years ago, now they are hitting $1100. I'm paying $935 ATM before all the other costs. Bigger issue is FL is a lower wage state, so the locals can't really compete with the guys moving from the Northeast. If it wasn't for me having my GF as a roommate, I would need to either rent a room or move back with my father's house and live rent free while I save my income.

    Something will have to give where things will crash...I think a crash will be more like the later than sooner. With the low rates, gov saying no evictions, and more jobs going remote there are tons of factors that are causing things to go up to the moon.
     
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  12. HHS

    HHS Acquaintance

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    It is pretty crazy. My girlfriend (now wife) and I bought a semi-detached 3 bed/2 bath last summer in DC (NE) right as things were heating up and by the time we were closing it already appraised for a decent chunk more than we were paying. Now houses around us are going for even more in worse shape and offers over asking are pouring in as soon as they're on the market. We definitely bought at the perfect time, if we were looking now we'd be priced out of anything similar
     
  13. Phantaminum

    Phantaminum Friend

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    Not in Dallas for sure. The issue is low supply and high demand even into the foreseeable future. And, the homes they are building here are for people moving from out of state from high priced areas like Cali. So high 300k to 500k homes. Anything in the low 300k will net you a nice 45 minute ride out for new construction or you can get a 300k new build in high crime areas. We’re trying to find a house before our lease is up.
     
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  14. purr1n

    purr1n Building Magnis part time because it's peaceful.

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    No. My gut tells me "buy now" or you will never be able to do so. It's different from 2003-2005 before the shit hit the fan when my gut was telling me "this is nuts, it will implode".

    Major differences in the market:
    • It used to be that maybe 10% down payment was OK in California. Nope. 20% for sure. Part of it is because you will be competing with many other bids; however the main reason is that banks are being tight asses about who they are willing to lend to.
    • Every other Asian dude I know isn't trying to be wannabe Tom Vu or Rich Dad / Poor Dad this time like in 2005. Or illegally getting three mortgage loans simultaneously. That stuff ain't happening. The people who are buying are legit buyers.
    • There are 40 million more people in the USA since 2002. I certainly have not seen enough new houses or apartments built since that time. Saying that there has been underbuilding since the mortgage crisis is an understatement.
    • Rich older people are not selling their homes and moving to buy in cheaper states to retire. They are keeping their homes, renting them out, while they move to and buy in cheaper states. Millennials are screwed.
    More and more people and construction not catching up. Also culturally, Americans dislike building up - as in multi-story condos per Canada, Australia, Asia. On this tangent, urban planning / Sim City / NIMBY / public transportation difficulties will only ensure building is constrained.
     
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    Last edited: May 1, 2021
  15. YMO

    YMO it's not drinking alone if you're on Zoom

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    In FL 20% down payment isn't enough. It's paying 100% with cash that will outbid more than your asking price is what is flying stuff out of the housing market. Condos and housings are building and flying off the market pretty fast. However, not enough people to build the houses and materials costs are up the roof. By the time a house is ready to be for sale, you are maybe looking at $350k+. Currently my income and savings can only allow me to do $250k-$300k...but even that is no longer acceptable unless I wanna go deep in rural FL or rural Southern US in general (which might be good if you are required, but bad if you need to be near a city for work).

    At this point I'm thinking about not worry about buying, suck it up on renting increases, and just use the spare monies for savings/retirements/investments.
     
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  16. Taverius

    Taverius Smells like sausages

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    @YMO I've always heard housing is cheaper there but I don't want to presume, 375k for how large a place?
     
  17. haywood

    haywood Friend

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    The problem is housing is becoming more of a income generating vehicle for the investment class rather than something that what’s left of the middle class can aspire to. This is by design.

    The original WEF video was deleted (and this was the first normal looking copy I saw) but it’s part of the omnipresent globalist “build back better” mantra.

     
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  18. purr1n

    purr1n Building Magnis part time because it's peaceful.

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    ^ That's a joke right? It's April 1st isn't it?
     
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  19. shredical

    shredical Friend

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    real estate is nuts man.. I've seen appraisal for houses go up 100k or ~20% in the last year. (for a 3bd 2 bath)
    Portland market being the cheapest big city on the west coast is fast on its way to becoming like Seattle.

    For instance, the house next to mine sold in december .. bought all cash by a San Fran resident. Has been sitting empty since. Its a 3 bed 2 bath with a full ADU on a 1/4 acre plot.

    Sold for 560.

    House opposite is pending right now, asking 530k. Not nearly as nice, same sq footage. no 600sq ft ADU and on Half the size plot. my hunch is it will close for more than 530k.


    WHile i agree with your viewpoint here about it being marketed as a investment vehicle, but that video made me :rolleyes:
     
    Last edited: May 1, 2021
  20. YMO

    YMO it's not drinking alone if you're on Zoom

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    US is a big nation...so $375k can get you a shack someplace in the west coast or a giant home in the lower populated parts of the US.
     
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