patrick.net

Booger says

Eman says

CA real estate prices keep surprising me.

Nobody wants to live there anymore, yet prices keep going up.

Ok, let’s separate the concepts at play here.
1)there’s still an incredible amount of industry that goes on in California.
2)workers are at a premium and wages are rising very fast. Target employees now start at $22/hour! $15 minimum wage is a reality. Union jobs abound in every trade.
3)the politics here suck and annoy the piss out of conservatives, including myself.

But they still got a lot of us with that golden fishhook. Wife and I made well over $300k last year and our mortgage is comfortable. The past couple years have been a nightmare with lack of schools, masks, and vax mandates, but if that doesn’t start up again, it should go back to being merely annoying.

4)Liberals still seem to like California just fine with the funky politics.

ALL of the most important decisions you will make throughout your life will HAVE to be made with insufficient information. Whether it’s whether to study engineering or journalism, go to Stanford or State, get engaged to Rita or Mary, buy a home now or wait a few years… it will all be made without enough information to make a fully informed decision.
That’s where wisdom comes in. The power to make a good, perhaps even the best decision in the face of not knowing enough facts to inform that decision comes down to your personal level of wisdom. This is advanced through life experience and through making mistakes and living through their consequences. Even in the darkest tangle of terrible options, a wise man can see a path through.

Shaman says

ALL of the most important decisions you will make throughout your life will HAVE to be made with insufficient information.

Maybe, somewhat related. I ran across something years ago, I think from an American Indian source, stated as, "As you go through your path in life, you will likely come to a great chasm. Go ahead and jump. It is not as far as you think."

Let us keep our heads in the game, but let us not paralyze ourselves with over thinking.

RedStar says

Its not race, its leftist mentality.

This.
I'll take 10 black pakistani jew conservatives over 1,000 white commie fucks.

In fact, the white libs are usually the snobbiest, most racist, loudest mouth cunts in any demographic. Can't stand white liberals.

Rapid Growth in Personal Income Tax Revenue. Personal income tax revenue surged in 2020-21 despite the ongoing decline in employment. Personal income tax revenue totaled $127.7 billion in 2020-21, 29 percent above 2019-20. This trend of strong growth has continued so far in 2021-22. For example, withholding collections so far in 2021-22 have been 22 percent above the same months in 2020-21 and 32 percent above the same months in 2019-20. Similarly, September 2021 estimated income tax payments were up more than 50 percent over September 2020.

Asset Prices an Important Driver. After dropping significantly at the onset of the pandemic, stock prices rebounded dramatically. Stocks now are more than double their pandemic period low. Similarly, home prices have grown more than 25 percent since the start of the pandemic. These asset price gains likely have led to considerable increases in capital gains income. Along with this surge in assets prices has come a significant uptick in initial public offerings of California companies. This activity similarly has boosted the incomes of Californians who own or work for these companies, which results in both higher withholding collections and tax payments for capital gains.

Forecast Anticipates Slower Growth. The torrid pace of these recent trends is unlikely to be sustained for an extended period of time. As such, our forecast expects asset markets and initial public offering activity to moderate in the budget year, resulting in slower growth in withholding and tax payments for capital gains. In the out years, our forecast has an even stronger reversion of personal income tax revenues toward the historical, pre-pandemic trend. This is reflected in the fact that we forecast revenues to remain relatively flat from 2022-23 to 2023-24.
2022-23 Fiscal Outlook Revenue Estimates

Shaman says

Ok, let’s separate the concepts at play here.
1)there’s still an incredible amount of industry that goes on in California.
2)workers are at a premium and wages are rising very fast. Target employees now start at $22/hour! $15 minimum wage is a reality. Union jobs abound in every trade.
3)the politics here suck and annoy the piss out of conservatives, including myself.

But they still got a lot of us with that golden fishhook. Wife and I made well over $300k last year and our mortgage is comfortable. The past couple years have been a nightmare with lack of schools, masks, and vax mandates, but if that doesn’t start up again, it should go back to being merely annoying.

4)Liberals still seem to like California just fine with the funky politics.

Yeah but I bought a full-auto select fire MP5 Navy last year for $42,000.

I have to say, after living most of my life thinking there was some trick to becoming wealthy, I now know that it's simply about making good decisions in life. Most of these decisions you will make the RIGHT choice if you have an IQ over 100 and above (so you don't need to be a genius), and have solid foundational and moral values.... WHICH you should have if your father stuck around and wasn't a cunt.

If you aren't a multi-millionaire by age 50 in this country, you either made some obviously BAD decisions, or were too lazy to take advantage of opportunities in your life.

Goran_K says

If you aren't a multi-millionaire by age 50 in this country, you either made some obviously BAD decisions, or were too lazy to take advantage of opportunities in your life.

this is the belief you should be very careful with, we already have politicians on both sides whose attitude toward working class can be summed up as "the rich earned their wealth, and poor earned their poverty". It's not good man. Just a friendly advice.

FortWayneAsNancyPelosiHaircut says

Goran_K says

If you aren't a multi-millionaire by age 50 in this country, you either made some obviously BAD decisions, or were too lazy to take advantage of opportunities in your life.

this is the belief you should be very careful with, we already have politicians on both sides whose attitude toward working class can be summed up as "the rich earned their wealth, and poor earned their poverty". It's not good man. Just a friendly advice.

Maybe, but according to the last FED Consumer Finances survey, people from 55-65 have an average net worth of about $1.2 million (2016 to 2019).

Now I won't make the claim the "rich earned their wealth" and the "poor earned their poverty" as a blanket statement. But I do believe lots of poor people, who stay poor (and I say this as someone who was formerly very poor), tend to make bad decisions.

The Brookings Institute, a left leaning org, studied over 50 years of data and found that if you do 3 things, you will overwhelmingly end up middle to upper class.

1) Graduate high school
2) Get a job
3) Get married before children

That's literally it. Now, if you break one of those rules and do the opposite (not graduate high school, have 3 children out of wedlock, etc), you will end up poor because of your poor decisions. Now think of which demographics tend to have a high percentage of single mother households. Now think of where those people tend to land on the income or net worth totem pole. It all makes sense.

Taxes aren't much better here in the NY metro area. My taxes are more than the mortgage at this point. Most of it is the schools. If you want a "good" school be ready to pay. Most teachers in our district who have been there any lenght of time (10 years plus) make six figures. Plus a pension. Not bad work if you can get it.

Hahahaha, why would anyone invest there?

LOL

any doubt that i want to sell my house just vanished after reading this, thanks.

Umm, so contract law no longer applies in SF? Good to know.

I would imagine this new law will further increase the cost of rentals in SF. Adding more requirements, and especially legal complexity, will intimidate competing landlords, resulting in less competition and higher prices. Not to mention that it straight up adds to the cost of business.

Maybe Veritas, which according to the article is the biggest landlord in SF, wanted this legislation? Seems a large company can deal with this type of stuff better than small scale landlords, giving them an advantage. Any additional costs are probably easily passed onto the renter, so an increase in the cost of business can be desirable if it increases their costs less than it increases the cost of competitors. Well, unless maybe rent control or something interferes.

WineHorror1 says

Hahahaha, why would anyone invest there?

I don’t know why anyone who has any wealth to protect or to grow would ever live in California. The entire point of the state legislature is finding out ways to strip you of every single dime not hidden in a rubber condom shoved up your anus.

Goran_K says

RedStar says

Its not race, its leftist mentality.

This.
I'll take 10 black pakistani jew conservatives over 1,000 white commie fucks.

In fact, the white libs are usually the snobbiest, most racist, loudest mouth cunts in any demographic. Can't stand white liberals.

some of those are moving into Caldwell, buying huge mansions there. i don’t think theyll last there, the place is red as hell. people have FJB stickers even.

DooDahMan says

April 18, 1943

Hubba Hubba tuneless

DooDahMan says

This chapter of the Doolittle Raid has largely gone unreported—until now.

Not so. I remember studying the Doolittle raid back in the late 70's, to include the Japanese revenge on any Chinese they suspected of hiding or aiding the airmen. The Japanese also executed any Doolittle raid crewmen they captured.

Ignoring the complete bullshit of the global warming scam, real motive reducing US to third world country and gaining control of all forms of energy production, destroying the planet being a side benefit(?), but probably just an arrogant oversight.

This is a great example of the negatives new technology brings with it, along with the positives. Have these new forms of energy really improved our lives? Starting to see the point of the Amish more every day.

A lot of lard-asses need to go back to the pre-1800's energy production methods.

Goran_K says

The entire point of the state legislature is finding out ways to strip you of every single dime not hidden in a rubber condom shoved up your anus.

Knowing San Francisco, that is likely the first place they will look.

DooDahMan says

Renewable energy sources are at the center of the ongoing energy transition.

What does renewable mean? Some say most 'Renewable' Energy Sources Aren't Really Renewable...That being said, is renewable just another of those made up words to make you feel good? Are all the materials needed for wind and solar energy generation renewable? Does the manufacture of these products cause pollution?

DooDahMan says

Similarly, a complete shift to low-carbon sources requires massive investments in natural resources, infrastructure, and grid storage, along with changes in our energy consumption habits.

Changes in your consumption habits can start today at no cost...All the climate change promoters have a great opportunity to change their habits and save the world without spending a penny. So what are they waiting for?

"US leaders really have this FU attitude and they don't care. We see this FU attitude in our domestic and foreign policy" - Congresswoman Tulsi Gabbard/Lieutenant Colonel US Army

https://rumble.com/vws98l-tulsi-gabbard-our-leaders-really-have-this-fu-attitude-and-they-just-dont-c.html?source=patrick.net

Usually 3 yrs after Market turns south. Inventories rise n then prices come down. Takes 3 yrs to clean up inventories. Then housing starts going up again

My rent did go up for the first time in two years, $85. Not even close to squeezing us, and we live in Southern California where things are supposedly so unaffordable.

DooDahMan says

Many eviction moratoriums have long expired.

And how long is that epic number of evictions going to take to work it's way through the court system?

Finally signed the contract for two lots... God help me. The next year or so of my life is going to be fucking insane. Building a house and having to be hands on with a $2M renovation for the board I'm on with all women is going to be nuts. I've basically became a general contractor.

They wasted time at MIT for this?

I think it's quite obvious that the cream would HAVE to be stuck to one side of the wafer more strongly than another, it it doesn't always cleanly come off on one single wafer. Sometimes it's more firmly attached to one side on one portion, and more firmly attack to one side on another portion, and it splits (unevenly) but it does.

This is practically an intuitive problem.

Researcher obviously lost skin getting unstuck from a hooker's thighs.

Poland, Lithuania, and Estonia already have a border with Russia. So the "logic" provided above is invalid.

Ukraine has a far bigger border with Russia though.

komputodo says

All the climate change promoters have a great opportunity to change their habits and save the world without spending a penny. So what are they waiting for?

Correct. If all those AGW types would just unplug their dryer and use a clothesline, they would collectively save tons of carbon.