About Indiana Jones

Indiana Jones

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Registered Aug 06, 2011

Indiana Jones's most recent comments:

  • On Mon, 29 Jun 2015, 10:51am PDT in Gen-Xers don't want to be homeowners, Indiana Jones said:

    I'm not saying anything bad about these areas -- they are beautiful places. I am just noting these people are buying property far from family and friends back in the BA and unless telecommuting, there is not a lot of local job opportunity.

  • On Mon, 29 Jun 2015, 10:47am PDT in Gen-Xers don't want to be homeowners, Indiana Jones said:

    mmmarvel says

    And what do you classify as 'middle of nowhere'? Is that someplace that isn't in the heart of the city?

    I mean away from population and job centers. Two recent examples of BA friends purchasing property -- Mariposa & Placerville, CA. Mariposa is about 45 minutes from Merced and on the way to Yosemite. Placerville is almost midway between Sacramento and Lake Tahoe. These are not "suburbs" or even "exo-burbs", but old gold-mining towns. This is what they could afford.

    Also, these are people who are trying to stay in California and haven't thrown in the towel like all the Portland OR and Austin TX migrators, of which there are many.

    mmmarvel says

    Renting is DUMB.

    I totally agree.

  • On Mon, 29 Jun 2015, 9:01am PDT in Gen-Xers don't want to be homeowners, Indiana Jones said:

    My experience with many of my gen x friends are they are either stuck in their house with no plans to move up or struggling to keep the house they got. Or they moved to the middle of nowhere to afford a place to buy.

    It doesn't make sense for them to sell since they don't know if they will even be able to snag another house, let alone a house that isn't much more expensive than the one they have. Some of them have had job changes or pay freezes/cuts a few years ago, which created hardship in paying their mortgage, and they are still struggling.

    Some are doing well -- the ones I can think of the wives don't even have to work -- they are just one income and living in high end BA area - husbands of course are involved in tech, yet they are still basically stuck in their current homes. No plans to "move up". It seems like the "move up" market is dying.

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