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Hahaha! Where are things so much better than that? After all, SF is only tied for worst in per-driver average annual hours spent in congested traffic with all of Los Angeles, Washington D.C., New York City, Atlanta, and Miami. Things are tough all over, dude. It's not just some grand conspiracy against Perma Bear.
I’m just saying it’s easier to commute in other places so it’s possibke to buy a house in Say baltimore but work in dc
I would live like it was 1964 if it meant I didn’t have to live in poverty and could own a home. That’s worth more than all the smart phones in the world. I even have a circa 1964 push button phone.
I kept my 1990s-style flip phone until last year. I finally got a smart phone and ditched the land line, as if I were 20-something.
That's how you feel, but a lot of people regard the computer, especially a customizable hand-held one, as a reflection of their own mind, as if looking in a mirror, only deeper. Most people find that most interesting, and not a few view that as a form of freedom.
Many people even value cars, freedom of transport, over houses: I've always noticed people living in dilapidated houses with brand new shiny cars crowding the front yard.
Personally I live in a condo in a liquid market that I could probably sell in a matter of weeks and move on if the situation arises, not an albatross.
This irrational home ownership craze, especially the single-family home, and mismanagement of financing it, is what caused the crash last time around.
Maybe all this mobility that many of us enjoy nowadays has contributed to postponing the next one.
But I understand the OP's point: while many people have adequately kept pace, many people have been left behind, certainly uncomfortable and stressful for them and a lurking uneasiness for others, wishing for some magical policy formula that could alleviate it all.
Adjusted for inflation giant mansions were cheaper to build than crappy condos today.
You are probably correct. But the average worker couldn't have afforded to build that giant mansion, no matter the adjustment. And since condos didn't exist then, it's a moot point.
In 1960 houses were I am were 10-15k. My money would be a little over 20k adjusted for inflation. That would leave me enough to buy the house and a brand new 60 cadillac coupe deville corvette. Do the math.
Not in a high cost area. Which the bay area is now.
You are probably correct. But the average worker couldn't have afforded to build that giant mansion, no matter the adjustment. And since condos didn't exist then, it's a moot point.
We can build tiny computers but I guess all those geniuses in Silicon Valley are too stupid to build housing cheaper than a bunch of “primitives” from the 50s.
And you know what? I’d still live like a hermit with a **** poor quality of life.
You make your choices and rely on irrational logic to justify them, so your life is a result of you, not the value of the US dollar.
Quote:
Originally Posted by Perma Bear
Without a home I’d literally have nothing of note to my name.
You're the one has been constantly bragging about your net worth which is quite high for someone your age, so you need to find a dictionary and look up the word "literally" then come back and try again.
You make your choices and rely on irrational logic to justify them, so your life is a result of you, not the value of the US dollar.
You're the one has been constantly bragging about your net worth which is quite high for someone your age, so you need to find a dictionary and look up the word "literally" then come back and try again.
Does money matter when a pregnant teen mom working at a diner in the Midwest is closer to buying a home than me?
I’m just saying it’s easier to commute in other places so it’s possibke to buy a house in Say baltimore but work in dc
The financials you have posted would leave you short of being able to buy a nice house or condo in Baltimore. You would not be able to commute from Baltimore to DC in 40 minutes either. What you imagine does not exist out east anymore than it does out west.
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