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housing prices peak 2


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2022 Apr 29, 9:29pm   526,716 views  4,942 comments

by AD   ➕follow (1)   💰tip   ignore  

.

https://finance.yahoo.com/news/pimco-kiesel-called-housing-top-160339396.html?source=patrick.net

Bond manager Mark Kiesel sold his California home in 2006, when he presciently predicted the housing bubble would pop. He bought again in 2012, after U.S. prices fell more than 30% and found a floor.

Now, after a record surge in prices, Kiesel says the time to sell is once again at hand.

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3575   AD   2023 Oct 2, 8:33pm  

GNL says

I don't care if you don't care either.


I don't care if you don't care if I don't care, boy

...
3576   WookieMan   2023 Oct 2, 9:48pm  

GNL says

Wookie knows everything and everyone else here knows nothing. You haven't told me one damn thing I didn't already know about the GFC. And even more projection.

GNL says

No worries, I was just seeing if I could learn something from you.

You literally don't know what Ad is even talking about currently in this thread. Yet you have knowledge about the housing crisis and how it went down? Take the pictures and stay in your lane. You're no different than an inspector trying to justify your role in real estate. Except now a basic phone can take photos as good as you can. Enjoy your industry while it last. Brokers are dip shits, but they can do your job with the phone in their pocket.

Make your money off brokers as long as you can, but don't think anyone respects a thing you have to say about real estate. You don't work in real estate. You work in photography. I have a doctorate in real estate compared to your high school drop out knowledge. I don't care if I'm younger, over half my life was involved in real estate as young at 14. Let me know the last subdivision you helped develop? Let me know the process and what needs to get done. I was doing that at 16. You're throwing darts and they're completely missing the board. You get insecure and defensive and fall to the level of name calling. Just because a narcissist out games you doesn't make me wrong. You simply don't know real estate and I'm a cocky ass hole. I don't give a fuck because I know what the hell I'm talking about after you ask question after question about basic real estate stuff. I'll own narcissist, you can own idiot.
3577   richwicks   2023 Oct 2, 10:03pm  

Onvacation says

Aren't our decrepit leaders from the silent generation?


No, MOST of them are boomers.

The Silent Generation is... mostly silent.
3578   AD   2023 Oct 2, 10:46pm  



3579   GNL   2023 Oct 3, 3:27am  

Wookie's a property developer now. Haha, you Crack me up. Your bloated sense of self grows every time we banter. Understanding what happened and how it happened ain't that hard to understand. You have 0 insider knowledge. And "knowing" what the fed is going to do with rates at any time would be a great gift enabling riches. Ad doesn't know where rates will go and that's what I asked him. I think @ceffer was the ONLY person here that called higher rates correctly while people, maybe you(?), we're shitting on him. You only know one thing about me. If agents didn't need my business (geeze, do you really not know that some agents still can barely register on a website) then why does my phone ring? My photographers make $300-$400 a day. You're more clueless than I thought.
3580   WookieMan   2023 Oct 3, 8:18am  

GNL says

My photographers make $300-$400 a day. You're more clueless than I thought.

No I'm not. So you're McDonalds? I don't wake up for less than $1k a day for my family. The other thing is what do you make? You're maybe pulling 20-30% margins. Congrats on $150/day paying other real photographers. You're maybe making $60k per year off those numbers and that's giving you the benefit of the doubt that they work 365 days a year.

AND if you're paying them $400 day, that also says a lot about your business acumen. You're paying them $60-80/hr???? Maybe more? For taking photos? My oldest can take as good or better photos with his iPhone than your photographers can. You're out of your element dude. Stick to the photography and stay away from RE. You have no idea what you're talking about.

And yes, I've developed multiple website that have grossed well over $50M in revenue. Any other stupid comments. A retard can build a site with modern tech. If I'm a retard what does that make you?
3581   GNL   2023 Oct 3, 8:45am  

You're not remotely a business person. I don't think you get out of bed at all. You're a self proclaimed drunk even. Go steal some $$ out of your wife's purse.
3582   GNL   2023 Oct 3, 8:48am  

WookieMan says


AND if you're paying them $400 day, that also says a lot about your business acumen. You're paying them $60-80/hr????

Now you've really shown your ass. You have no clue what kinds of $$ a business can generate...in any business. I know a millionaire who owns a cleaning business. Damn wookie wookie, even that's better than you.
3583   GNL   2023 Oct 3, 8:55am  

WookieMan says


I've developed multiple website that have grossed well over $50M in revenue.

Wow, wookie wookie is a "website" developer now. There are websites that do a hell of a lot more than just post static pages. LMAO. There's nothing he can't do and nothing he hasn't done and nobody he doesn't know. But lordy lordy, he's still trying to purchase a 2,200 square foot house half the size of a lowly photographer. He's so rich, powerful and smart that he lives in a cornfield in Illinois. A shotgun shack is it?

I live and work in one of the top 2 richest counties in the US. I look at even the richest 20 counties in the US and wow, none of them are in Illinois. My daughters went to one of the top 50 high schools in America.

Poor wookie wookie, always trying to prove himself...anonymously. On the internet. Bwhahaha
3584   WookieMan   2023 Oct 3, 9:17am  

GNL says

WookieMan says

AND if you're paying them $400 day, that also says a lot about your business acumen. You're paying them $60-80/hr????

Now you've really shown your ass. You have no clue what kinds of $$ a business can generate...in any business. I know a millionaire who owns a cleaning business. Damn wookie wookie, even that's better than you.

You've again proven my point. YOU pay photographers $400/day. There are no margins if that's what you're paying. I don't care what zip code you live in. The numbers add up to $60k/yr and you're getting all defensive about it. I'm sorry you didn't get married to a wife that kicks ass and makes money. That's not my fault. If you suck at that, I can only imagine the photography part of it.

And yes, my 2,200 sf will be better then your nasty house you overpaid for. Custom built. In ground pool. 1 acre. $2M home in your yuppie county versus what I'll pay. I ain't losing. That's for sure. Keep it up. I've clearly hit a nerve.
3585   GNL   2023 Oct 3, 12:29pm  

If all you say is true, it's not, you aren't fooling anyone, you wouldn't waste your very valuable time mucking around with a person beneath your status.

Not gonna lie, this is 100% my last attempt to help you.

Please call

1-800-hel-pme!

There's no shame in asking for help.
3586   WookieMan   2023 Oct 3, 6:23pm  

GNL says

If all you say is true, it's not, you aren't fooling anyone, you wouldn't waste your very valuable time mucking around with a person beneath your status.

I have plenty of time. It's called passive income. Your active income makes you a McDonalds manager. Congrats. You probably don't even have a wife, yet proceed to shit on people that are more successful than you are. I'm sorry you can't handle a woman that makes $300k. I can. She wants me. You sound like an ass dude. I've never disrespected you or you family. Jealousy is not a good look dude. Get me a big mac when you get a chance. You're one of the worst pat netters I've dealt with maybe ever. Grow a pair and man up. You take pictures for a living. An idiot can do that.
3587   Blue   2023 Oct 3, 10:36pm  

who am I to say but I guess that is enough to prove your point/opinion, no need to go personal level that does not add any value.
3588   WookieMan   2023 Oct 4, 3:33am  

Blue says

who am I to say but I guess that is enough to prove your point/opinion, no need to go personal level that does not add any value.

I hope you're not talking about me. Look at the comment history. I ain't the bad guy. GNL has insulted me, my wife and family. I fight back. Is what is it is.
3589   Blue   2023 Oct 4, 8:19am  

WookieMan says


I hope you're not talking about me. Look at the comment history.

Actually on both sides, though I don't read fully, just take it easy!
3590   WookieMan   2023 Oct 4, 11:01am  

Blue says

WookieMan says



I hope you're not talking about me. Look at the comment history.

Actually on both sides, though I don't read fully, just take it easy!

Generally I do. I'm proud of my wife and I've mentioned her on this site. I'll be blunt, you're (not you Blue) a dirt bag cunt shaming another man's wife. A fucking pussy. Sorry someone is so weak from their own insecurities. At no point on this forum did I ever attack GNL (wine horror and other names, lol) until I was attacked. I have the higher ground in this. He looks weak and jealous. Because he is.
3591   Patrick   2023 Oct 5, 6:42am  

"you're (not you Blue) a dirt bag cunt"

That's a personal insult, no?
3593   AD   2023 Oct 5, 10:17am  

,

https://www.sfgate.com/tech/article/downtown-pods-building-permits-unsafe-18406671.php

$700 a month "bed pods" in San Fran are ruled not safe

.
3594   AD   2023 Oct 5, 10:19am  

Patrick says






How do they maintain an adequate slave workforce ? There has to be replacement of them to maintain the quality of life for the top 10% ?

Import 3rd world immigrants ? Replace with robots and more automation and productivity gains ?
3595   Misc   2023 Oct 5, 11:00am  

ad says

,

https://www.sfgate.com/tech/article/downtown-pods-building-permits-unsafe-18406671.php

$700 a month "bed pods" in San Fran are ruled not safe

.


Yes, life on the streets is soooooooooo much better and safer.
3596   WookieMan   2023 Oct 5, 11:21am  

Patrick says

"you're (not you Blue) a dirt bag cunt"

That's a personal insult, no?

No, mentioning that Blue is NOT a dirt bag cunt. He didn't insult my wife or my family like another user did. I also didn't mark any comments as personal. But I also will get personal when a user brings up stuff about my family. I have no issue with Blue at all. Was just explaining how and why a user has taken a dump on this thread for no reason and is wrong and doesn't know a lick about real estate. Again NOT Blue.

Sick of people that don't know shit about what they're talking about insulting other users. I will fight back.
3597   Eric Holder   2023 Oct 5, 2:21pm  

Misc says

ad says


,

https://www.sfgate.com/tech/article/downtown-pods-building-permits-unsafe-18406671.php

$700 a month "bed pods" in San Fran are ruled not safe

.


Yes, life on the streets is soooooooooo much better and safer.


These "pods" are marketed to AI startup employees, not bums, lol.
3598   HeadSet   2023 Oct 5, 2:24pm  

Eric Holder says

These "pods" are marketed to AI startup employees, not bums, lol.

So, they only sleep one person?
3599   Misc   2023 Oct 5, 2:44pm  

HeadSet says

Eric Holder says


These "pods" are marketed to AI startup employees, not bums, lol.

So, they only sleep one person?


No, the H1B's would be sleeping in shifts trying to save a buck.
3600   AmericanKulak   2023 Oct 5, 3:17pm  

ad says

$700 a month "bed pods" in San Fran are ruled not safe

But tents in a parking lot with portapotties are. Fucking Leftoids.
3601   AmericanKulak   2023 Oct 5, 3:21pm  




"This is sustainable, never mind 7% mortgage rates! You chicken Littles!"
3602   Misc   2023 Oct 5, 4:15pm  

AmericanKulak says




"This is sustainable, never mind 7% mortgage rates! You chicken Littles!"


You left off the end of the chart where the prices go back up after January 2023. Many people have this belief that this time is different, and that prices of real assets will decline during this period of inflation.

Since most real estate transactions have historically been done with financing, I can see why people would think that based on only a slightly higher-take-home pay, that the massive increase in interest rates would curtail the buying power and hence the price of SFHs. This begs the question, "What did the price of SFHs do the last time interest rates were at this level?" - The answer is...they went up.
3603   AmericanKulak   2023 Oct 5, 5:21pm  

Misc says


You left off the end of the chart where the prices go back up after January 2023. Many people have this belief that this time is different, and that prices of real assets will decline during this period of inflation.

I snapped the chart exactly as it showed by default on the St. Louis page.

The last few decades were freaks. Demographics are all negative for the housing market. Boomers aren't gonna live forever, and many are depending on getting the cash out their house. Those who aren't, will need to sell due to health or death or fixed income from having to carry their old house and their retirement property. Sure, for a while people can hold out. But not for years and years.

New House prices are now cheaper than Used Houses, and builders are offering superior financing to most banks.
3604   AmericanKulak   2023 Oct 5, 5:27pm  

However much Boomers don't want to lower their price, because they can't climb up the stairs to the bedrooms...

https://www.youtube.com/watch?v=o6xGqi5itxs

Wah, Wah-ah-ah-ah-ahhhhh...

You wonder how I'm feeling, tinitus is ringing in my ears.
I slipped down the stairway, I'm laying in my pee.
Now Depends I can believe in
When I've fallen on the floor.
Gotta hit the Lifealert Button. Which child do I phone ?
My lights are out and shining. But all I really want to know...

I need to sell my house, can't climb up to the Loo
Gotta take $100k less, so I can do my ADUs.

Now my kids live 3 states away,
They can't do the shopping for me...
3605   Ceffer   2023 Oct 5, 5:49pm  

AmericanKulak says

I need to sell my house, can't climb up to the Loo
Gotta take $100k less, so I can do my ADUs.

Now my kids live 3 states away,
They can't do the shopping for me...

They should sleep in their coffins so their 'sudden vax death' doesn't lead to cumbersome disposal inefficiencies.
3606   WookieMan   2023 Oct 5, 5:52pm  

OH_love_thy_Putin says

awaiting moderation

I understand. I'm not going to moderate comments I'm involved in. I have no issue with you whatsoever. I know you had quoted me and I think Patrick made a mistake or someone else flagging it. No biggie. I'll stand by anything I've said when you come after my family, again, not you another user, I don't care about the rules. Another user attacked me under bull shit premises. He needs to stay in his lane.
3607   AmericanKulak   2023 Oct 5, 6:00pm  

OH_love_thy_Putin says


awaiting moderation

WookieMan says


OH_love_thy_Putin says


awaiting moderation

I understand. I'm not going to moderate comments I'm involved in. I have no issue with you whatsoever. I know you had quoted me and I think Patrick made a mistake or someone else flagging it. No biggie. I'll stand by anything I've said when you come after my family, again, not you another user, I don't care about the rules. Another user attacked me under bull shit premises. He needs to stay in his lane.



I hope this isn't a reax to my shit. If it is people need to get some humor. I'm actually on the subject matter.

Here's my next one, I call it "Nitro Haze"

(Guitar moving between octaves)

Nitro Pills all in my chest,
My Heart Health, not the best
Can't get a boner,
And that's the case,

Scuse me while I markdown my place

Motivated seller, got hives and chills
Took 10% off cos Lisinopril
Medicare Premium is going high
Another 5% discount, I'm gonna cry

Help me, help me
I gotta prepay for Shady Oak
Help me, help me,
Before I have another Stroke

Oh I can't go on like this...

https://www.youtube.com/watch?v=cJunCsrhJjg
3608   WookieMan   2023 Oct 5, 6:04pm  

AmericanKulak says

I hope this isn't a reax to my shit. If it is people need to get some humor. I'm actually on the subject matter.

Not you. Called him out by name already, but am not doing it again. You and I have had disagreements in the past, but you've alway been civil with me and we can have a conversation/discussion. This wasn't that. I have no clue what's been flagged at this point and don't care. Keep my fucking family out of it. I don't give a shit what I share here. You have another thing coming if you do that. Again this is not directed at you AK.
3609   AmericanKulak   2023 Oct 5, 6:18pm  



A steal at $450k! You won't find a basement lounge like this in a new build! My ex-wives and I got down in this room, imagine the chicks you'll get in here.

Oh those were the days, boy.

https://www.youtube.com/watch?v=Gs069dndIYk
3610   RWSGFY   2023 Oct 5, 9:34pm  

Misc says

HeadSet says


Eric Holder says



These "pods" are marketed to AI startup employees, not bums, lol.

So, they only sleep one person?



No, the H1B's would be sleeping in shifts trying to save a buck.


Bingo!
3611   AD   2023 Oct 5, 10:53pm  

Misc says


No, the H1B's would be sleeping in shifts trying to save a buck.


yeah, eating Ramen noodles, not bitching about being exploited and working hard and long hours, and saving a lot of money to send back home to India, etc.

.
3612   EBGuy   2023 Oct 6, 12:46pm  

ad says

$700 a month "bed pods" in San Fran are ruled not safe


Interestingly, the building inspectors didn't take issue with the pods themselves.

Within five days, the firm must replace the lock with a type that doesn’t require a key to leave, in case of emergency, and must obtain permits within 30 days for the shower installation, the notice says. Brownstone also has 30 days to file a “change of use” permit to legalize the conversion to a residential space and the installation of the sleeping pods or, the notice says, the firm could revert the property to its “last known legal condition.”
3613   AD   2023 Oct 6, 1:49pm  

EBGuy says

Interestingly, the building inspectors didn't take issue with the pods themselves.


True, as I would think in a progressive urban area that safety and hygiene would be a top priority.

What is the guideline on occupancy ? Is it based on number of bathrooms such as no more than 3 occupants per bathroom ?
3614   B.A.C.A.H.   2023 Oct 6, 3:23pm  

ad says

yeah, eating Ramen noodles, not bitching about being exploited and working hard and long hours, and saving a lot of money to send back home to India, etc.

Bro,

I was immersed in departments chocked full of H1's. For a while, I even reported to an engineering manager who was H-1. Funny story about that guy below.

It's true that there's warrens of the folks you mention packed like rats into apartments in places like Sunnyvale. That said, the typical path to the H-1 is to complete graduate school in the US. First, a BS degree "back home", then transfer to the US for the graduate degree. Grad school is where they make connections to be hired for a US job that will sponsor the H-1.

It takes money to get a solid BS degree in places like India. Lots of money, like the 1% of that country of over a billion people. And it takes money to send them to the US for their graduate school, - foreign student tuition, living expense, etc. I know about the warrens of exploited ones like you mentioned, I've even seen them for myself. But don't forget many, maybe most, of them come from billionaire 1% type families "back home".

(*). If the guy left the US he'd have to reapply for the visa. So, during one of his long vacations, he went to Mexico. Caught flights from there to Mumbai where he found his wife (probably she was already chosen in prearrangement between the two Hindu families). Came back home through Mexico, paid a coyote to get him back into the US. He only told us about all this after he was safely returned.

When he finally got his green card his wife joined him here.

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