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Apparently everyone else, including the infestors, decided the same thing.
No, despite stagflation one income and huge inflation in gas , food, rent and tuition, people are still trying the real estate ponzi scheme because helicopter ben is shoveling free money at the problem interest rates are basically zero in real terms.
Despite this the middle class is crushed, pay is stagnant and ever departing from the cost of living increases, and the scam and ponzi artists pretend that they will retire rich in real estate instead of like, you know, actually being an honest and productive worker, entrepreneur or business owner - not that that's rewarded anymore.
The world is for those who take massive risks, and the 1-2% of those who take said risks they get to be elevated and walk on the middle class. And those 98% who fail, well, we the hard working middle class with kids get to carry them around on social programs until they go off and bet the farm again.
What a joke. The bay area, for all its prosperity, is a stinking, moldy outdated trafficy pile of crap. And now the NY-style gordon geckos are coming and running the place, long gone are the guys with sandals running cool new businesses in a relaxed way and in come the rats from afar here to try and milk the last vestiges of the systems for whatever.
Joke. Innovation is basically dead.
many aspects of it feel like a sinking ship for middle class folks, while at the same time there is this boom in web services companies and a lot of people thinking that the sky is the limit here.
The only limit in the sky is the pie. Its bull. The failure rate is astonishing, and if you see, in just about every case, the success is ordained, as in, Instagram guy and Zuck had met before... And google bough ad words from Oingo/Applied Semantics, they bought Andriod and youtube.
Innovation is dead. Rainmakers rule, and the rest is robotic global 500 type companies kicking the employee in the nuts.
If you arent executive management or high end sales, you are getting screwed to the wall in the bay area.
Many of them are in decent to excellent
No public school in the entire state of CA is excellent. Public schools are worthless today. Totally. its the biggest scam I've ever seen. I have an API-950 school,for the kids, garbage. And of course private is 20-30k/yr.
Bay Area sucks. Its time to pack it in. 2 more years or so.
APOCALYPSEFUCK is Tony Manero says
Given the advancement in the art, sure, very likely.
Get off the grid and the only weapons you'll need are fishing poles and a knife
Tough with kids.
Dan8267
2012 May 7, 1:11am
Only Ikea could design a $86,500 house that looks like a $17,500 house.
Worst part, I assembled the damn thing and I've got 100 left over pieces.
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Or (I hope) 6-12 months too early. Last falls sales comps got us ready to buy, but the low inventory, multiple bids, and all-cash buyers came on with such a fury that we are stepping back and wondering WTF.
Put an offer on a house on Monday, 20K over asking. 25 offers by Tuesday. Went to all-cash, no-contingency buyer. Last fall we probably could have gotten it for list or under. Now, no way.
How many more years of high rent will I be paying??