I love your graphs, simple. simple conclusion.
Logan's epic fail. Don't confuse complicated as sophiscated and smart, its not.
You gotta get better grades than what is shown/reputation. simple as that.
A lot of parents (in the field) are teaching their kids how to program/code as early as age 7. Good luck competing with that. Your public school is on a no child left behind so everyone is slowed down)
There is no 401k loan with no job.
If you can't repay the loan, you get to report the income as well as pay penalty. That would make the loan as stupid as a loan shark.
It's not a surprise homeownership rate is down, which is quite bullish for the housing market.
Over the past five year, SFH has been institutionalized like a mofo. companies like Waypoint, Silver Bay, American properties, Starwood are 0 properties to 10K property portfolio trading on wall-street. How may more 2K home portfolios are out there, plenty? How many 30-50 portfolios LLC's out there, huge? This bode ill for first time homebuyers.
In the end, the only thing that can slow prices down is building and completing more new homes than that can be absorbed. That has not happened yet and which is why home prices will go up until completions go way up. The economy runs in cycle but in the end, social science tells you people compete for everything, including homes. If you can't afford it, someone else will. many factors are keeping homes off the market, the inventory number amid three years of rising prices reflect that.
Anything based on median metric is quite useless unless everyone has the same wage and wealth and no outside factors. The median household is nearly a retiree or a single person household.
The product was not useful. Making your own soda taste nasty and people gave up on it. Hence revenue dropped like a mofo.
But companies with increasing dividends are winners. So dividends can go up or down. If you get the latter , you will lose $$ just as easy.
"Of the dozen surveyed cities on four continents, Austin was reported to be home to the youngest pool of talented people, said Paul Tostevin, lead research analyst for Savills. "It's got the talent," he said."
Look at Patrick's list, it is 2000 companies deep. There are too many zero to hero companies to name. How many uber's and Airbnb's which had billion dollar funding rounds and worth 40B and 15B respectively out there in Austin?
The graphic is a visual disaster and meaningness. The box is just a visual trick for the uninformed.
Low ownership rate is a bullish indicator. There, as simple as that.
The US and western market is a tougher nut to crack. Xiaomi rise in China does not mean squat to white people.
Sorry, your graphics make no sense. It looks pretty but says absolutely nothing. When it says nothing, you know it is wrong. A bunch of confusing, circles, colors and death trap is just visual crap.
There's plenty of pent up housing demand. See Bellingham Bill's graphics, simple, easy conclusion. The 23 year old and their coming cohorts is your future demand and a housing market with a low homeownership ratio is your tailwind.
These graphs make a hell of a lot more sense to Logan's.
There are plenty of pent up demand for housing in the USA.
Yes, repealing prop 13 is the first step to fixing the land value problem. If everyone had to pay what the land was worth, we'd see a better use of it and more reasonable prices for all. As it is now, we have owners holding on to severely undervalued land and keeping it out of circulation simply because of this unfair tax law.
But don't mention it to anyone over 55. They'll start yelling ...
CA lawmakers are made up of old people who acquaint with more old people. Good luck with that one.
Besides, Prop 13 is magnified in very certain areas of the state where the flux between assessment and value are pretty extreme. For 80% of CA, there is little difference or differences that are minor. If you live in Sacramento to Riverside, prop 13 don't do squat.
It's hard to repeal a state law when the other larger half of the population don't give a crap.
why don't we make it 3% over 60 years and they'll take 80%, lol?
who the heck would choose 2% off the top in a 401k? that is simply idiotic. An index is 0.2% and most 401K are three years. For most people, they take $200 bucks over three years.
401K is the safest wealth generation tool for the majority. All the smart people max out the damn thing.
does not matter.
Divorce (paperwork wise) will work better.
A couple years ago going through rental application, I noticed 9 out of 10 families were looking to buy within two years. lol.
This was a transitional place to them and you knew they would come back and will pay for it dearly (much higher prices) in the transitional period.
The medical bills pays the salary.
Better hope that baby is not early and needs assistance, it may cost $1M USD.
Things like cloud, box, workdays remove the need for huge desk and cabinets.
With the cost of real estate, it makes sense to pack them a little closer.
plus the fact that seeing the eyes of your colleagues encourages a little more teamwork and benefit.
tech funding hit 48B in 2014, the highest on record. 2013 was 29B so tech funding increased by 65% yoy.
San Francisco took home 25% of the record pie. mostly from Uber and their 2.4B.
I think nationally housing has already crashed and is not about to surge any time soon.
Also, I'm just kind of bored with the topic. Much more interested in the SF tech companies I interact with or walk past every day
That's the problem with a housing bubble site, it is temporary.
The problem with SF tech companies is, it is too niche (SF tech) so 99% don't give a damn nor will there be anything useful. So you will have an empty forum.
The initial list is 350 companies deep. That is probably 15% of the total (tech companies only, around 2,000+). That is why SF housing price will go up for the next two years minimum.
Patrick, nice guy,
But his ten reasons are plain wrong and useless. I debated every point in the past.
It's called radio shack, no different than typewriter shack. You can't operate 4000 retail stores based on 1970 concepts. There's not enough Jvolstad out there.
They should have switched gears a decade ago and call it cell phone shack. The same type of thing you see at Best Buy mobile stores today.
LOL. So it's a 5% 15yr loan with a teaser rate of 2.25% for the first 7 years.
That's a great deal. Lol
Great program if it is available. Lendee benefit, banks make Jack squat.
Given the options, cash in refi makes the most sense to me. I'm totally against the idea of selling. Even losing $200/month, that's $24k in 10 years. If history is any indication, there's a high probability the condo will worth $500k by then.
Although this investment is a dog, he can turn it around with a cash in refi. It's the cost of learning. The alternative is to find another positive cashflow investment to off set this dog. Given where we are in the cycle, finding another property that makes sense is not an easy task. Out of state investing is sure a loser even though the numbers look so rosy on paper.
yep, the mistake was made buying at the seventh year of a bull run, at 6.75% fixed rate. Two awful choices.
To elaborate further.
bull markets last 6 years which approximately about doubles. We are entering year 4 and around 50%.
Granted, we won't have crappy lending standard like the last cycle. But in the SFBA, we have a kickass economy but interest rates like we are in a recession. On the verge of some of the highest wage inflation in recent times. I see two more years taking the run to 75%.
Some people might say cash in refi is throwing good money after bad. It depends on your personal financial situation and your risk tolerance. I'd do exactly what I suggested above, but that's me.
5.25% is pissing money away when banks are screaming 3.5%. Unless he has better plans with the cash, that returns an excess of 8% (5.25% + delta of 1.75% on 230K) , that's what I will do.
I never understand how people find ways to save a few bucks for coffee, clip coupons, ,line up 2 days to buy some beats headphones on thanksgiving and then piss away thousands every year paying stupid interest rates (vs. peers).
If the renter is not willing to pay the rent, sell the place (vacant).