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6 months too late for the party?


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2012 May 3, 7:07am   23,375 views  56 comments

by 1sfrenter   ➕follow (2)   💰tip   ignore  

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??

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52   Mick Russom   2012 May 4, 3:53pm  

bmwman91 says

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.

53   Mick Russom   2012 May 4, 3:56pm  

sera says

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.

54   Mick Russom   2012 May 4, 3:57pm  

rowemoore says

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.

55   RentingForHalfTheCost   2012 May 4, 11:47pm  

Mick Russom says

Tough with kids.

Easy, each kids gets his/her own pod.

56   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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