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67
WookieMan
2025 Jan 24, 4:54am
WookieMan
2025 Jan 24, 4:54am
AmericanKulak says
The only building is rentals by corps. The new single family housing in my area is 0.8% over 20 years of existing housing stock. All of that in the last 2-3 years. We're becoming a nation of renters owned by the corporations. We'll give you a piss filled pool, shit common amenities, hear your upstairs neighbor have sex type experience for $3k/mo for a 2/2.
This is why I live in the country. Why I'm building. I don't share a wall now, but I'll never live in a condo or apartment. Maybe in the Caribbean to keep it cheaper, but that's it as I wouldn't live there full time.
Housing "Economists" all work for NAR, Builders, Developers, etc. and will never see impending doom, even though we're already at early 90s levels of transactions despite 30% more population. The only announce permanent plateaus and a recovery in the next year.
The only building is rentals by corps. The new single family housing in my area is 0.8% over 20 years of existing housing stock. All of that in the last 2-3 years. We're becoming a nation of renters owned by the corporations. We'll give you a piss filled pool, shit common amenities, hear your upstairs neighbor have sex type experience for $3k/mo for a 2/2.
This is why I live in the country. Why I'm building. I don't share a wall now, but I'll never live in a condo or apartment. Maybe in the Caribbean to keep it cheaper, but that's it as I wouldn't live there full time.
69
WookieMan
2025 Jan 24, 10:26am
WookieMan
2025 Jan 24, 10:26am
DOGEWontAmountToShit says
Not disputing the graph at all. But feeling and being able to buy are two different things. Corporations bought up much of the homes after '08 and no one built. I witnessed this personally. What the hell did people think would happen? Prices went up and people couldn't or want to buy a home. A few won the lottery and got a cheap resale home.
If no one is moving and prices went up, only the high earners are going to buy if/when they have to. Then no building. Housing is going to be high for a long time, especially with most locked into 2-4% interest rates.
Not disputing the graph at all. But feeling and being able to buy are two different things. Corporations bought up much of the homes after '08 and no one built. I witnessed this personally. What the hell did people think would happen? Prices went up and people couldn't or want to buy a home. A few won the lottery and got a cheap resale home.
If no one is moving and prices went up, only the high earners are going to buy if/when they have to. Then no building. Housing is going to be high for a long time, especially with most locked into 2-4% interest rates.
71
B.A.C.A.H.
2025 Jan 25, 11:16am
B.A.C.A.H.
2025 Jan 25, 11:16am
WookieMan says
You claim to have Extreme Knowledge about a place you've never lived, and never worked in the trenches, nor experienced first hand the facts on the ground.
The Bay Area, which has a GDP and population bigger than most states, is chocked full of H1 homeowners. I've known many of them.
H1B's likely didn't own.
You claim to have Extreme Knowledge about a place you've never lived, and never worked in the trenches, nor experienced first hand the facts on the ground.
The Bay Area, which has a GDP and population bigger than most states, is chocked full of H1 homeowners. I've known many of them.
72
RWSGFY
2025 Jan 25, 11:36am
RWSGFY
2025 Jan 25, 11:36am
B.A.C.A.H. says
Second that.
WookieMan says
H1B's likely didn't own.
You claim to have Extreme Knowledge about a place you've never lived, and never worked in the trenches, nor experienced first hand the facts on the ground.
The Bay Area, which has a GDP and population bigger than most states, is chocked full of H1 homeowners. I've known many of them.
Second that.
73
MolotovCocktail
2025 Jan 25, 12:08pm
MolotovCocktail
2025 Jan 25, 12:08pm
B.A.C.A.H. says
He does that all the time.
You claim to have Extreme Knowledge about a place you've never lived, and never worked in the trenches, nor experienced first hand the facts on the ground.
He does that all the time.
74
AD
2025 Jan 25, 1:43pm
AD
2025 Jan 25, 1:43pm
DOGEWontAmountToShit says
The 10 Yr Treasury is around 4.62% and it usually trends about 1.25% above CPI and/or PCE. It should be no more than 3.75% now.
And the 30 year mortgage now is around 7% and should be no more than 1.25% above the 10 Year Treasury rate.
Bond market and mortgage bond market are acting "rogue" ?
.
WookieMan says
feeling and being able to buy are two different things.
The 10 Yr Treasury is around 4.62% and it usually trends about 1.25% above CPI and/or PCE. It should be no more than 3.75% now.
And the 30 year mortgage now is around 7% and should be no more than 1.25% above the 10 Year Treasury rate.
Bond market and mortgage bond market are acting "rogue" ?
.
75
AD
2025 Jan 25, 1:47pm
AD
2025 Jan 25, 1:47pm
.
Where we live in the best place on Earth (Florida panhandle and within 2 miles of the white sand beach (albeit we got 7 inches of snow) and emerald water,
a 3 bedroom / 2.5 bath / 2 car garage townhome sold at peak (early 2022 when the 30 yr mortgage rate was 3%) for $330,000.
Now the sales price is $260,000 with the 30 year mortgage rate around 7%. Local household income has gone up about 25% since early 2022 to present day.
.
Where we live in the best place on Earth (Florida panhandle and within 2 miles of the white sand beach (albeit we got 7 inches of snow) and emerald water,
a 3 bedroom / 2.5 bath / 2 car garage townhome sold at peak (early 2022 when the 30 yr mortgage rate was 3%) for $330,000.
Now the sales price is $260,000 with the 30 year mortgage rate around 7%. Local household income has gone up about 25% since early 2022 to present day.
.
76
WookieMan
2025 Jan 25, 2:56pm
WookieMan
2025 Jan 25, 2:56pm
B.A.C.A.H. says
California is not the rest of the country. It's the polar opposite. Even from New York. You guys don't get it. Live in your bubble and think that's how the rest of us live. Enjoy the suffering you created.
You claim to have Extreme Knowledge about a place you've never lived, and never worked in the trenches, nor experienced first hand the facts on the ground.
California is not the rest of the country. It's the polar opposite. Even from New York. You guys don't get it. Live in your bubble and think that's how the rest of us live. Enjoy the suffering you created.
77
ForcedTQ
2025 Jan 25, 3:14pm
AD says
It seems like people are demanding stock equity over bonds and that’s pressing the bond rate up to get them sold. Stock market returns have been very high last few years, bonds have got to keep up to be bought.
DOGEWontAmountToShit says
WookieMan says
feeling and being able to buy are two different things.
The 10 Yr Treasury is around 4.62% and it usually trends about 1.25% above CPI and/or PCE. It should be no more than 3.75% now.
And the 30 year mortgage now is around 7% and should be no more than 1.25% above the 10 Year Treasury rate.
Bond market and mortgage bond market are acting "rogue" ?
.
It seems like people are demanding stock equity over bonds and that’s pressing the bond rate up to get them sold. Stock market returns have been very high last few years, bonds have got to keep up to be bought.
78
HeadSet
2025 Jan 25, 6:12pm
HeadSet
2025 Jan 25, 6:12pm
ForcedTQ says
Yep, plus Credit Unions currently offer 1-year CDs for 4% to 4.5%.
It seems like people are demanding stock equity over bonds and that’s pressing the bond rate up to get them sold.
Yep, plus Credit Unions currently offer 1-year CDs for 4% to 4.5%.
79
AD
2025 Jan 25, 6:26pm
AD
2025 Jan 25, 6:26pm
HeadSet says
yep 10 Year Treasury issuer competing also with Schwab which offers 4.4% for 3 month CD
.
ForcedTQ says
It seems like people are demanding stock equity over bonds and that’s pressing the bond rate up to get them sold.
Yep, plus Credit Unions currently offer 1-year CDs for 4% to 4.5%.
yep 10 Year Treasury issuer competing also with Schwab which offers 4.4% for 3 month CD
.
80
Tenpoundbass
2025 Jan 25, 6:31pm
Tenpoundbass
2025 Jan 25, 6:31pm
Trump seems to be hinting at Federal Permitting reform. That will open lands for the 10 new cities I have been talking about needs to happen.
81
MolotovCocktail
2025 Jan 25, 6:50pm
MolotovCocktail
2025 Jan 25, 6:50pm
Tenpoundbass says
Permitting reform involves Congress. And that will require beating the filibuster.
Trump seems to be hinting at Federal Permitting reform. That will open lands for the 10 new cities I have been talking about needs to happen.
Permitting reform involves Congress. And that will require beating the filibuster.
82
AmericanKulakMaximumTrumper
2025 Jan 26, 4:41am
AmericanKulakMaximumTrumper
2025 Jan 26, 4:41am
If this is what fear of La Migra does to Kern County stores, imagine the impact on housing costs and infrastructure generally.
I suspect the numbers are vast, vastly higher than the estimates.
I suspect the numbers are vast, vastly higher than the estimates.
83
AmericanKulakMaximumTrumper
2025 Jan 26, 4:43am
AmericanKulakMaximumTrumper
2025 Jan 26, 4:43am
HeadSet says
Headset, this is pretty rare.
clambo says
I have never met a rich woman who actually had her own money.
I had a neighbor lady who was a surgeon and quite well off. She lived with the father of her kids but refused to marry him.
Another neighbor was a beautiful rich Italian widow who was a great cook (best lasagna ever). She also had a long term live in boyfriend she did not marry, despite both being evangelical Christians.
Headset, this is pretty rare.
84
HeadSet
2025 Jan 26, 8:02am
HeadSet
2025 Jan 26, 8:02am
AmericanKulak says
I agree, and the rich Italian widow inherited that money from her deceased husband.
My point was more that women with money takes steps to not lose it to a man.
Headset, this is pretty rare.
I agree, and the rich Italian widow inherited that money from her deceased husband.
My point was more that women with money takes steps to not lose it to a man.
85
FuckTheMainstreamMedia
2025 Jan 26, 12:28pm
FuckTheMainstreamMedia
2025 Jan 26, 12:28pm
If Trump keeps up with the deportations I absolutely guarantee the housing market drops in So Cal, Las Vegas, Phoenix, Tucson, Albuquerque, Denver, and several Texas cities.
86
HeadSet
2025 Jan 26, 12:50pm
HeadSet
2025 Jan 26, 12:50pm
FuckTheMainstreamMedia says
And Northern VA.
If Trump keeps up with the deportations I absolutely guarantee the housing market drops in So Cal, Las Vegas, Phoenix, Tucson, Albuquerque, Denver, and several Texas cities.
And Northern VA.
87
AD
2025 Jan 26, 4:58pm
AD
2025 Jan 26, 4:58pm
HeadSet says
yeah like the barrios known as Manassas Park
.
FuckTheMainstreamMedia says
If Trump keeps up with the deportations I absolutely guarantee the housing market drops in So Cal, Las Vegas, Phoenix, Tucson, Albuquerque, Denver, and several Texas cities.
And Northern VA.
yeah like the barrios known as Manassas Park
.
88
MolotovCocktail
2025 Jan 31, 2:54pm
MolotovCocktail
2025 Jan 31, 2:54pm
B.A.C.A.H. says
#2 on Best Comments, btw.
WookieMan says
H1B's likely didn't own.
You claim to have Extreme Knowledge about a place you've never lived, and never worked in the trenches, nor experienced first hand the facts on the ground.
The Bay Area, which has a GDP and population bigger than most states, is chocked full of H1 homeowners. I've known many of them.
#2 on Best Comments, btw.
90
AD
2025 May 9, 9:47pm
AD
2025 May 9, 9:47pm
MolotovCocktail says
There were about 600,000 H1B visa workers in 2023. I believe there is a cap of 65,000 H1B approvals per year, so the 600,000 represent people who already got approved and had their visas renewed.
About 25% of H1B visas are in California, and 80% of those are in the San Fran Bay Area. So figure 120,000 H1B visa workers are in the San Fran Bay Area.
There were 2,793,526 homes in 2020 in San Fran Bay Area so even if 120,000 H1B visa workers owned a home, that would only be less than 5% of the housing inventory.
I'm not sure why the original poster B A C A H uses the language of chocked full when it is less than 5%.
.......................
The Bay Area, which has a GDP and population bigger than most states, is chocked full of H1 homeowners. I've known many of them.
There were about 600,000 H1B visa workers in 2023. I believe there is a cap of 65,000 H1B approvals per year, so the 600,000 represent people who already got approved and had their visas renewed.
About 25% of H1B visas are in California, and 80% of those are in the San Fran Bay Area. So figure 120,000 H1B visa workers are in the San Fran Bay Area.
There were 2,793,526 homes in 2020 in San Fran Bay Area so even if 120,000 H1B visa workers owned a home, that would only be less than 5% of the housing inventory.
I'm not sure why the original poster B A C A H uses the language of chocked full when it is less than 5%.
.......................
92
WookieMan
2025 May 10, 4:32pm
WookieMan
2025 May 10, 4:32pm
MolotovCocktail says
Wasn't that good. How have your house prices been doing? Me thinks you can't afford to buy so you're bitter or don't own at all like most here.
#2 on Best Comments, btw
Wasn't that good. How have your house prices been doing? Me thinks you can't afford to buy so you're bitter or don't own at all like most here.
94
WookieMan
2025 May 11, 3:18pm
WookieMan
2025 May 11, 3:18pm
MolotovCocktail says
Data for that? EVERYONE. Chose your words wisely before spouting off.
Everyone else
Data for that? EVERYONE. Chose your words wisely before spouting off.
95
MolotovCocktail
2025 May 11, 5:42pm
MolotovCocktail
2025 May 11, 5:42pm
WookieMan says
Haha. Sez the guy who has misused 'everyone' repeadedly.
Data for that? EVERYONE. Chose your words wisely before spouting off.
Haha. Sez the guy who has misused 'everyone' repeadedly.
96
WookieMan
2025 May 11, 8:44pm
WookieMan
2025 May 11, 8:44pm
MolotovCocktail says
MolotovCocktail says
Who? 15k+ users? Everyone? Are you retarded? Almost 1.3M comments. You need to give me your drug dealers number.
Haha. Sez the guy who has misused 'everyone' repeadedly.
MolotovCocktail says
Everyone else disagrees.
Who? 15k+ users? Everyone? Are you retarded? Almost 1.3M comments. You need to give me your drug dealers number.
97
MolotovCocktail
2025 May 11, 8:49pm
MolotovCocktail
2025 May 11, 8:49pm
WookieMan says
Cut the crap. Again, you have nothing to stand on given how you've misused 'everybody' far worse than I ever could.
Wherease my case, the claim that it was #2 in Best Comments is defacto 'everyone'.
https://patrick.net/comment?comment_id=2139802
Who? 15k+ users? Everyone? Are you retarded? Almost 1.3M comments. You need to give me your drug dealers number.
Cut the crap. Again, you have nothing to stand on given how you've misused 'everybody' far worse than I ever could.
Wherease my case, the claim that it was #2 in Best Comments is defacto 'everyone'.
https://patrick.net/comment?comment_id=2139802
98
WookieMan
2025 May 12, 3:51am
WookieMan
2025 May 12, 3:51am
MolotovCocktail says
Nope. Not much else to say. You change your name every week so no one knows who you are and you run. You've changed accounts. Just admit you're a do nothing troll. 11k comments in under 2 years... bull shit. You've had multiple accounts and are a liar.
Been here 13 years and you have almost as many comments as I do. You resort to a porn thread basically. What is your value here? I sure as shit don't see one. Put me on ignore if you don't like it. Took me 13 years to your 2 to be 4 ignore shy of you? I think that speaks louder than trolling and porn photos. And yes photos of nude women is porn. No one wants you here and the actual stats I just gave you prove that.
Go post porn somewhere else. That is something a 17 year old with no life experience does and is living a fake life in mom's basement. Go get a woman. It's not hard if you have any value or don't look like shit.... So again, your drug dealers number would be nice to have. Sometimes a good brain melt is good for you. Enjoy your daily trolling and spamming of the site.
Wherease my case, the claim that it was #2 in Best Comments is defacto 'everyone'.
Nope. Not much else to say. You change your name every week so no one knows who you are and you run. You've changed accounts. Just admit you're a do nothing troll. 11k comments in under 2 years... bull shit. You've had multiple accounts and are a liar.
Been here 13 years and you have almost as many comments as I do. You resort to a porn thread basically. What is your value here? I sure as shit don't see one. Put me on ignore if you don't like it. Took me 13 years to your 2 to be 4 ignore shy of you? I think that speaks louder than trolling and porn photos. And yes photos of nude women is porn. No one wants you here and the actual stats I just gave you prove that.
Go post porn somewhere else. That is something a 17 year old with no life experience does and is living a fake life in mom's basement. Go get a woman. It's not hard if you have any value or don't look like shit.... So again, your drug dealers number would be nice to have. Sometimes a good brain melt is good for you. Enjoy your daily trolling and spamming of the site.
99
WookieMan
2025 May 12, 4:03am
WookieMan
2025 May 12, 4:03am
Add on: You know nothing about real estate. You've never owned, bought or sold a home. It's time to stop being a liar. It's unfortunate you cannot afford a home I guess, but you'd likely screw that up and your life up more than it already is. Let me know if you sold a home this week. I did for probably the 1,500th time.
Keep talking real estate like you know it. Liars are easy to spot. AD talks about specific markets. I've spent two years of my life helping my dad with RE from Pensacola to Tallahassee. AD brings facts and data. You just whine.
Keep talking real estate like you know it. Liars are easy to spot. AD talks about specific markets. I've spent two years of my life helping my dad with RE from Pensacola to Tallahassee. AD brings facts and data. You just whine.
100
MolotovCocktail
2025 May 12, 8:45am
MolotovCocktail
2025 May 12, 8:45am
WookieMan says
Yep. Not so much to say.
WookieMan says
No I don't. And so what if I did? Ad hominem.
WookieMan says
???
WookieMan says
Really? Anyone else agree with that? @Patrick?
WookieMan says
Wrong again.
All these wacko attacks don't change the fact that this comment got 8 likes and was #2 in Best Comments:
https://patrick.net/comment?comment_id=2139802
Nope. Not much else to say.
Yep. Not so much to say.
WookieMan says
You change your name every week so no one knows who you are and you run. You've changed accounts
No I don't. And so what if I did? Ad hominem.
WookieMan says
You've had multiple accounts and are a liar.
???
WookieMan says
No one wants you here and the actual stats I just gave you prove that.
Really? Anyone else agree with that? @Patrick?
WookieMan says
You know nothing about real estate. You've never owned, bought or sold a home. It's time to stop being a liar.
Wrong again.
All these wacko attacks don't change the fact that this comment got 8 likes and was #2 in Best Comments:
https://patrick.net/comment?comment_id=2139802
102
MolotovCocktail
2025 May 12, 9:04am
MolotovCocktail
2025 May 12, 9:04am
Fortwaye says
Tell that to Wookie. He's the one obsessing over all that shit that exists entirely in his head.
ladies please, can you stop bickering over trivial crap?
Tell that to Wookie. He's the one obsessing over all that shit that exists entirely in his head.
103
WookieMan
2025 May 12, 1:40pm
WookieMan
2025 May 12, 1:40pm
MolotovCocktail says
Arguing about arguing. Tell tale sign of a troll. You change your name damn near weekly. You're the only user here ever with a GIF. Just admit you're a bull shitter. Patrick likely could look this up.
MolotovCocktail says
You haven't owned a house. I can spot a fraud a mile away. I did it for a living so our clients didn't get screwed. You're a class A bull shit artist on the internet.
And FW he can just admit he's a liar. No shame in that. He puts comment on here that are patently false.
No I don't. And so what if I did? Ad hominem.
Arguing about arguing. Tell tale sign of a troll. You change your name damn near weekly. You're the only user here ever with a GIF. Just admit you're a bull shitter. Patrick likely could look this up.
MolotovCocktail says
You know nothing about real estate. You've never owned, bought or sold a home. It's time to stop being a liar.
Wrong again.
You haven't owned a house. I can spot a fraud a mile away. I did it for a living so our clients didn't get screwed. You're a class A bull shit artist on the internet.
And FW he can just admit he's a liar. No shame in that. He puts comment on here that are patently false.
104
Eric Holder
2025 May 12, 1:44pm
Eric Holder
2025 May 12, 1:44pm
Glock-n-Load says
Cheaper to build apartment buildings. But where the fuck do the tenants go if the staircase is blocked by fire is an interesting question.
Why is this a good thing?
Cheaper to build apartment buildings. But where the fuck do the tenants go if the staircase is blocked by fire is an interesting question.
105
MolotovCocktail
2025 May 12, 5:53pm
MolotovCocktail
2025 May 12, 5:53pm
WookieMan says
No I don't. And even if I did, that's not a sign of a troll. And even if I am a troll, that doesn't mean I am lying.
WookieMan says
Untrue. Who is lying now?
WookieMan says
This is not false:
MolotovCocktail says
...and THAT factual statement is what set Wookie off, folks. Remember? He doesn't want you to.
Tell tale sign of a troll. You change your name damn near weekly.
No I don't. And even if I did, that's not a sign of a troll. And even if I am a troll, that doesn't mean I am lying.
WookieMan says
You haven't owned a house.
Untrue. Who is lying now?
WookieMan says
And FW he can just admit he's a liar. No shame in that. He puts comment on here that are patently false.
This is not false:
MolotovCocktail says
All these wacko attacks don't change the fact that this comment got 8 likes and was #2 in Best Comments:
https://patrick.net/comment?comment_id=2139802
...and THAT factual statement is what set Wookie off, folks. Remember? He doesn't want you to.
106
WookieMan
2025 May 12, 6:46pm
WookieMan
2025 May 12, 6:46pm
MolotovCocktail says
Congrats on the participation award. Almost as many ignores as 1/10th my time here. You're a troll. Don't work. Don't own a home. Comment as much as I have in 13 years basically. I'm glad you accomplished getting likes. Totally matters to someone with a small dick on an anonymous forum.
You post trash and make no sense. My 6th grader is less childish than you. You do understand mosts likes of your comments are hate likes. It's like Lebron James. You sound immature and stupid like he does. Most likes are people that don't like you.
I'm not here for likes and childish picture books, memes and porn. That's something a child does. Write anything of substance that isn't a lie.
MolotovCocktail says
All these wacko attacks don't change the fact that this comment got 8 likes and was #2 in Best Comments:
https://patrick.net/comment?comment_id=2139802
...and THAT factual statement is what set Wookie off, folks. Remember? He doesn't want you to.
Congrats on the participation award. Almost as many ignores as 1/10th my time here. You're a troll. Don't work. Don't own a home. Comment as much as I have in 13 years basically. I'm glad you accomplished getting likes. Totally matters to someone with a small dick on an anonymous forum.
You post trash and make no sense. My 6th grader is less childish than you. You do understand mosts likes of your comments are hate likes. It's like Lebron James. You sound immature and stupid like he does. Most likes are people that don't like you.
I'm not here for likes and childish picture books, memes and porn. That's something a child does. Write anything of substance that isn't a lie.
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So the only way to decrease real prices is to decrease demand, and the only way to do that is to kick out all illegal immigrants and anchor babies. Will Trump do this? Almost certainly not. Even with control over all three branches of the government, the Republicans are not going to get rid of all the illegals who are driving up housing prices and social welfare costs. I wish that I was wrong about this, but I'm not.
The United States population reached 200 million on November 20, 1967. If there was no net migration, then the U.S. population have stabilized to about 220 million. Instead, the population is 335 million. This is why housing is so expensive. This is why rent is so damn high. This is why the younger generations cannot afford to have children. This is why the only way to keep the population from falling is to import massive numbers of unskilled, uneducated, and often criminal immigrants. Both parties are responsible for this: democrats for importing voters and republicans for importing farm laborers. Both parties want cheap labor.
When you import massive numbers of low-iq, low-skill workers, your per capital GDP declines relative to where it would have been otherwise. Yes, technological advancements mask this because technology increases GDP faster than low-skill immigration decreases it, but most of those gains don't get seen by the middle class.
Since both parties, and their corporate overlords, are benefiting from the current system, immigration will continue and housing prices will also continue to rise. I suppose I shouldn't care since I own and have a 2.25% mortgage that is being eaten away by inflation, but anyone young enough that they having bought already is fucked.