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Housing Bubble 2.0 Hits Messy Reistance


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2014 Jan 22, 4:44pm   3,003 views  5 comments

by JodyChunder   ➕follow (2)   💰tip   ignore  

http://www.testosteronepit.com/home/2014/1/22/housing-bubble-20-hits-messy-resistance-in-california.html

December at $813,000). San Francisco tops the list of the most unaffordable cities. Next are San Diego and Los Angeles – the California trifecta – then New York City, where a mere $71,245 in income suffices to buy the median home. Households earning the median income of $51,000, well, forget it. Housing bubbles do that. San Francisco has gone through this before. Its boom-and-bust cycles are legendary.

#housing

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1   bubblesitter   2014 Jan 23, 12:49am  

Oh yeah, Google, Apple, FB..........there is a reason for it.

2   FortWayne   2014 Jan 23, 1:17am  

SF is an odd place. Some very wealthy assholes out there on wall street manipulating energy and housing prices screwing everyone out of their middle class living... no complaints from the public. Gas prices spiked for no reason... no complaints again. Moved factories overseas and left them with no jobs... no complaints there yet again.

But a few google employees catching a bus, now there is a group of wrong doers who can be blamed for all the troubles.

3   JodyChunder   2014 Jan 23, 6:30pm  

FortWayne says

SF is an odd place. Some very wealthy assholes out there on wall street manipulating energy and housing prices screwing everyone out of their middle class living... no complaints from the public. Gas prices spiked for no reason... no complaints again. Moved factories overseas and left them with no jobs... no complaints there yet again.

But a few google employees catching a bus, now there is a group of wrong doers who can be blamed for all the troubles.

Well put.

If you've ever watched how pecking orders are established among children on a playground, you quickly take note of the allegiances (sometimes tenuous) formed by the two or three alpha shits. This leaves a fractured, atomized body of "others" who abide by the rules of the former. It helps if these "others" have at least one other soul lower down on the scrotum pole to piss on, to distract from their own apathy.

With adults, it's the exact same dynamic, only a little more odious and on a much bigger scale.

4   FortWayne   2014 Jan 24, 5:42am  

JodyChunder says

With adults, it's the exact same dynamic, only a little more odious and on a much bigger scale.

Yeah kinda like that. It was an interesting life lesson when I finally understood it. Kids or adults, they always pick on the weaker one, no one ever picks on the real bully, because that would take courage.

5   mfs.admin   2014 Jan 24, 5:46am  

I cannot wait to see N.Y. home prices and rents crash and burn as the Kool-Aid drinkers who believe in these prices get their behinds handed to them on a silver platter......

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