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Old 10-06-2017, 07:17 AM
 
4,310 posts, read 2,448,126 times
Reputation: 2424

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Quote:
Originally Posted by Larry Siegel View Post
$1.5M might be the entry price point for a family needing a SFH with good schools and an easy commute to the City or Silicon Valley, but for a young single guy it is way high.

1100 square foot condo in the most expensive part of the city, $899,000, https://www.zillow.com/homes/for_sal...72_rect/14_zm/

700 square foot, Telegraph Ave area of Berkeley, $400K, https://www.zillow.com/homes/for_sal...03_rect/11_zm/
That second one is a senior coop
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Old 10-06-2017, 08:04 AM
Status: "delete" (set 21 days ago)
 
3,189 posts, read 1,274,360 times
Reputation: 2351
Lol.

I don't think people are getting the message. Automation is going to completely transform this economy. How can one produce if they are unemployable? How can one be able to sustain their lifestyle if they don't own any property?

Do you think the banking institutions don't know about technological singularity? Do you think the banking institutions don't know that in the next 30 years, the economic landscape will look completely different?

Do you not realize that all these kids coming out of school with debt will not be able to utilize their skills in such a way to produce income for a long period of time due to automation; thus, will not have anyway to repay the debt?

Do you not realize that 30 years is a hell of a long time, particularly since people bought real estate that was inflated due to both interest inflation, and demand pull inflation from sources that American's had not previously had to be concerned with?

Do you understand that equities are fragile and as countries are forced to reel in some of the debt, particularly when oil prices explode within the next 5 years, that the artificial demand will halt, and the algorithmic trading systems will rapidly push down equity prices?

And people still have this superior attitude towards the poor? Do you not understand that you will be grouped in that same category?

Perhaps, people will change their attitude about the poor. Well, too late.
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Old 10-06-2017, 10:52 PM
Status: "Living the good retired life." (set 27 days ago)
 
Location: Wasilla, AK
5,865 posts, read 3,144,350 times
Reputation: 11847
Quote:
Originally Posted by AlaskaErik View Post
There can be any number of reasons. But your reality is pay one point five mil or move. Those are your two choices right now if you want to own a home. The rest is irrelevant and no amount of bitching is going to change that.
Quote:
Originally Posted by Perma Bear View Post
"Bitching" brought us the civil rights movement. Good things can come from "bitching".
Start bitching then. But you can't really compare an entire race being wronged to a supply vs demand situation.
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Old 10-06-2017, 11:03 PM
 
4,310 posts, read 2,448,126 times
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Quote:
Originally Posted by AlaskaErik View Post
Start bitching then. But you can't really compare an entire race being wronged to a supply vs demand situation.
Both are solvable issues and both involve people being oppressed.
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Old 10-07-2017, 10:10 PM
Status: "Living the good retired life." (set 27 days ago)
 
Location: Wasilla, AK
5,865 posts, read 3,144,350 times
Reputation: 11847
Quote:
Originally Posted by Perma Bear View Post
Both are solvable issues and both involve people being oppressed.
No one is oppressing you. Either pay up or move out. Your choice.
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Old 10-07-2017, 11:08 PM
 
4,310 posts, read 2,448,126 times
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Quote:
Originally Posted by AlaskaErik View Post
No one is oppressing you. Either pay up or move out. Your choice.
Pay up with? 167k isn't what it used to be.
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Old 10-07-2017, 11:11 PM
 
439 posts, read 168,041 times
Reputation: 344
Quote:
Originally Posted by borninsac View Post
I am for doing good to the poor, but I differ in opinion of the means. I think the best way of doing good to the poor, is not making them easy in poverty, but leading or driving them out of it. In my youth I travelled much, and I observed in different countries, that the more public provisions were made for the poor, the less they provided for themselves, and of course became poorer. And, on the contrary, the less was done for them, the more they did for themselves, and became richer.

Benjamin Franklin
So let them starve.
Nice.
I've always wanted to cause the death of someone....
Now if you said provide them fish -AND- Teach them to fish, that would be different
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Old 10-08-2017, 10:57 PM
Status: "Living the good retired life." (set 27 days ago)
 
Location: Wasilla, AK
5,865 posts, read 3,144,350 times
Reputation: 11847
Quote:
Originally Posted by AlaskaErik View Post
No one is oppressing you. Either pay up or move out. Your choice.
Quote:
Originally Posted by Perma Bear View Post
Pay up with? 167k isn't what it used to be.
Looks like you'll be moving or renting or living with room mates.
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Old 10-09-2017, 01:13 AM
 
4,310 posts, read 2,448,126 times
Reputation: 2424
Quote:
Originally Posted by AlaskaErik View Post
Looks like you'll be moving or renting or living with room mates.
A house in the Bay Area can be more expensive than the entire state of Alaska was.
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Old 10-09-2017, 03:56 AM
 
437 posts, read 198,614 times
Reputation: 449
Quote:
Originally Posted by Perma Bear View Post
Pay up with? 167k isn't what it used to be.
Get roommates and save up. If you can't afford an area, move. Find a solution instead of whining about it 24/7.
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