random . . . randomness

^dude that's some fucked up shit
market is already tight and they are paying 20% over asking so they can turn them into rentals

This is wealth redistribution, and it ain’t rich people’s wealth that’s getting redistributed. It’s normal American middle class, salt of the earth wealth heading into the hands of the worlds most powerful entities and individuals. The traditional financial vehicle gone forever.

I know! Just not sure I buy it but if private equity is pumping billions into real estate to invest excess cash or excess liquidity  that might partly explain why prices are so high…

After all if a person buys a new house presumably they have to sell their old house so that quite doesn’t explain increase in demand..even if you tell me well it’s younger people coming in- first time homebuyers- that can’t entirely explain it…and don’t people dying leave houses to be sold?

But if you have equity firms looking to diversify and convert cheap cash , whose value they are worried might get inflated away , into bricks - well- that could help explain what is going on with real estate better than “it’s new buyers!”  Or “people upgrading!”

Starsky wrote:
Who fact checks the fact checker?

Implying that I am the board's "fact checker" is probably the nicest thing any of you have every said about me.

an0m-hatch wrote:
^dude that's some fucked up shit
market is already tight and they are paying 20% over asking so they can turn them into rentals

This is wealth redistribution, and it ain’t rich people’s wealth that’s getting redistributed. It’s normal American middle class, salt of the earth wealth heading into the hands of the worlds most powerful entities and individuals. The traditional financial vehicle gone forever.

the housing market in the seattle area is just stupid, apparently third-worse behind austin and san diego.  we have some good friends here looking to buy their first house, they're both young professionals earning good salaries, and after being at it for 6+ months they're clinically depressed.  if you're not offering at least $100k over asking, all cash, with no conditions, you ain't getting squat.

sweetcell wrote: if you're not offering at least $100k over asking, all cash, with no conditions, you ain't getting squat.

I'm sure walkie can confirm that
I remember the SF market was like that, was insane
people were putting in offers sight unseen all cash, no conditions and way over asking, how can a reasonable person compete with that

Unless it's a new build, never buy a house without an inspection

an0m-hatch wrote:
how can a reasonable person compete with that

you can't, hence my friend's serious depression.  he definitely feels like this part of the american dream - owning a home - is no longer available to him.  and he's an IT security professional for a big corporation, dude is pulling in respectable coin.  well, respectable to all except home sellers and real estate agents, apparently…

an0m-hatch wrote:
Unless it's a new build, never buy a house without an inspection

normally excellent advice, unfortunately can't be adhered to under current market conditions.

The market . . . here . . . is cooling, since the end of May.  We, all, are seeing it.  Buyers who bought in 2020 / early 2021, are going to fucking hate themselves in late 2021 / 2022.  So many coming soon properties / so many listings sitting for 2 weeks, when before their neighbor's homes stayed on the market for 2 to 4 days.

The expectation that covid is over and we are going back to the way it was, has settled in.  God I am not looking forward to the buyers coming on in full force with a list of "fuck off demands" and "you are not getting anywhere near list price any longer."  I am seeing that on my last listing, already.

yikes
https://www.axios.com/pandemic-unemployment-fraud-benefits-stolen-a937ad9d-0973-4aad-814f-4ca47b72f67f.html
As much as 50% of all unemployment monies might have been stolen

You know the GQP is going to hold this on the dems

Wait'll they hear about wage theft.

Oh wait, they're okay with that….

now that's just silly
but $400 bill was stolen from the gov't unemployment monies…that's pretty easy to understand
wage theft is a murky concept and has more to do with the greed of private employers than gov't programs the dems support

That’s right by where I live… Toby’s is a nice shop so am happy for them

I saw people standing outside a couple of days ago and parking was harder to come by

SunValley-hatch wrote:
yikes
https://www.axios.com/pandemic-unemployment-fraud-benefits-stolen-a937ad9d-0973-4aad-814f-4ca47b72f67f.html
As much as 50% of all unemployment monies might have been stolen

You know the GQP is going to hold this on the dems

except that most of the pandemic was under a GQP admin, and the majority of new claims were made under them, therefore it was their lack of leadership that caused this problem…

sweetcell wrote:

SunValley-hatch wrote:
yikes
https://www.axios.com/pandemic-unemployment-fraud-benefits-stolen-a937ad9d-0973-4aad-814f-4ca47b72f67f.html
As much as 50% of all unemployment monies might have been stolen

You know the GQP is going to hold this on the dems

except that most of the pandemic was under a GQP admin, and the majority of new claims were made under them, therefore it was their lack of leadership that caused this problem…

I like how you spun that…can you coach the dems and the media to respond like that

this seems like an awesome deal…wish I was young and had no responsibilities as I would totally do this


Amtrack-
Get your USA Rail Pass for only $299—valid for up to 10 segments over 30 days of travel. That’s less than $30 a segment. Act fast, this offer is only valid through June 22.

I bet Howard goes for that!

Starsky wrote:
I bet Howard goes for that!

I thought of him first…but I'm sure he gets their emails too

SunValley-hatch wrote:
this seems like an awesome deal…wish I was young and had no responsibilities as I would totally do this


Amtrack-
Get your USA Rail Pass for only $299—valid for up to 10 segments over 30 days of travel. That’s less than $30 a segment. Act fast, this offer is only valid through June 22.

I did the Eurrail Pass for a month the summer after i graduated from college. I later looked at the passes again, and it seemed like unlike when i did it, you now have the additional cost of reserving seats, which was totally unnecessary when i had the pass. Anyway, fun times. Wish I had the time to do something like that again. Maybe when i retire.

flaming lips would like to be the first band to play in space
https://www.loudersound.com/news/the-flaming-lips-want-elon-musk-to-make-them-the-first-band-to-play-in-space

mononymous-hatch wrote:
flaming lips would like to be the first band to play in space
https://www.loudersound.com/news/the-flaming-lips-want-elon-musk-to-make-them-the-first-band-to-play-in-space

Would they be the opener for Grimes?