Hey Folsom, what's up with this?

[Fred]

1 hour ago, CCBlackhatter said:

A comparable home in CA or NJ would cost me at least $300,000-$400,000 if not more considering the size of my lot. Here, I pay a whopping $437 for my mortgage while bringing home over $1200 per week (after taxes, insurance, 401K, charitable donations, etc).

At an acre lot size and 1600sq ft I'm betting it would be like $750,000.

[CCBlackhatter]

Just now, Fred said:

At an acre lot size and 1600sq ft I'm betting it would be like $750,000.

That's very likely depending on the location. I'm lowballing assuming it's somewhere in the ghetto.

[Fred]

7 hours ago, LiberalDonaldTrump said:

It’s not like their paycheck to paycheck  .. it’s just there way off from having a million In savings like they should 

between property tax and property tax and a mortgage on a Jersey shore house , shit adds up quick ...  2 car leases living expenses. Shits so expensive up here

So it is more about the choices they've made.  A Jersey shore house can't be cheap.  Maybe they are looking at real estate as their nest egg.  Risky but a lot of people go that way.

[Fred]

The sad thing is that while the article that caught my attention was about San Francisco, story links point to as big of problem in LA and San Diego.  Sure I was messing with Folsom and other California posters but the reality is that there are tens of thousands of people living on the streets in CA.  They are creating huge health problems with outbreaks of hepatitis A in San Diego as an example.  One story I read about San Diego said one quarter of one school's students are homeless.  Maxine Waters doesn't live in the district she represents in LA because it is the pits.  The pictures are sad and it is sadder still to read what it is doing to the people.

[Bestcoast]

2 hours ago, Fred said:

What kind of house are you talking about that rents for $4500 per month?

Nothing special. 3 bedroom 1 bath 2 car garage, small backyard. 

[Bestcoast]

2 hours ago, Fred said:

The sad thing is that while the article that caught my attention was about San Francisco, story links point to as big of problem in LA and San Diego.  Sure I was messing with Folsom and other California posters but the reality is that there are tens of thousands of people living on the streets in CA.  They are creating huge health problems with outbreaks of hepatitis A in San Diego as an example.  One story I read about San Diego said one quarter of one school's students are homeless.  Maxine Waters doesn't live in the district she represents in LA because it is the pits.  The pictures are sad and it is sadder still to read what it is doing to the people.

The “Golden State”

[HooverOutlaw]

That lifestyle is coming home to roost. 

Sounds like we got hog pens cleaner in the south than the streets of San Francisco. From a moral standpoint the pigs are better. Plus some idiots think selling dope will save the state.

[AztecPadre]

13 hours ago, CCBlackhatter said:

No they just live in a state that extorts it's residents.

The ratio between income and cost of living is ridiculously disproportionate in the NE states and most places out West.

When flying to Vegas, I had a guy sitting next to me who made $19.50 an hour washing dishes in the Red Rock Casino but was broke as a joke due to the cost of living in Vegas. The dishwasher at Blue Sky Grill in Moultrie makes $9.00 an hour and at worst he lives an equal lifestyle as the Vegas guy.

Here in GA, state employees (at least DHR employees) use to receive a yearly raise to account for the increase in living  (in addition to their standard raises for years of service) depending on their zip code. Typically those employees receiving raises were in and around ATL. I'm not sure if they are doing this any longer though, as they cut out standard raises a while ago as well as changing their retirement policy.

I've turned down a couple promotions in the past two years because I would have to move to larger cities and the increase in pay did not offset the increase in living expenses. On both occasions, my standard of living and expendable income would have decreased dramatically. Factor in the headaches of traffic jams, a bunch of people I barely like, and longer distances from family and friends... And it was not just a no, but a HELL NO!!

I actually drive about 100 miles a day round trip for work because it is much cheaper than moving.

A couple years ago I purchased a 1600+ sq ft 3 bedroom home on a 1 acre lot for just over $60,000. I've put just over $10,000 in it doing some minor cosmetic updates (paint, flooring, tile, light fixtures, etc) and it is now valued at just under $130,000.

A comparable home in CA or NJ would cost me at least $300,000-$400,000 if not more considering the size of my lot. Here, I pay a whopping $437 for my mortgage while bringing home over $1200 per week (after taxes, insurance, 401K, charitable donations, etc).

Money goes a lot further in South GA than it does in the extortion states.

I may not be rich, but at 27 and single I've got all I need. I don't have to penny pinch and can still put 25% of my earnings monthly in my savings account.

In 10 years I might just cash out the 401k, sell the house, and pay cash for a little hut on an island somewhere while the extortion state "middle classers" work until death just trying to pay for the necessities. While they do that, I'll be sipping adult libations with the senoritas somewhere further south. If I'm feeling ballsy enough, I might smuggle some dope to LDT while he is still working 100 hour weeks in that shit hole place up north.

 

If you wanna hook up @LiberalDonaldTrump I know a guy who knows a guy. Lol

[LiberalDonaldTrump]

11 minutes ago, AztecPadre said:

If you wanna hook up @LiberalDonaldTrump I know a guy who knows a guy. Lol

@CCBlackhatter I made 700 in 5 hours .. I think I’ll manage 

[AztecPadre]

2 minutes ago, LiberalDonaldTrump said:

@CCBlackhatter I made 700 in 5 hours .. I think I’ll manage 

Dang. Nicely done. Love them cnotes!! I think he was not talking about helping you with money but with drogas.  Lol

[LiberalDonaldTrump]

Just now, AztecPadre said:

Dang. Nicely done. Love them cnotes!! I think he was not talking about helping you with money but with drogas.  Lol

Oh well that case I’ll take 6 8Balls and a 12 pack of Corona Por Favor 

[AztecPadre]

5 minutes ago, LiberalDonaldTrump said:

Oh well that case I’ll take 6 8Balls and a 12 pack of Corona Por Favor 

Now we're talking!!

[CCBlackhatter]

5 hours ago, LiberalDonaldTrump said:

Oh well that case I’ll take 6 8Balls and a 12 pack of Corona Por Favor 

Go ahead and get it whole. That's the way we do business down here in the sticks.

[Pops]

On 7/8/2018 at 7:53 PM, Fred said:

What kind of house are you talking about that rents for $4500 per month?

below average in a nice neighborhood

On 7/8/2018 at 7:56 PM, Fred said:

At an acre lot size and 1600sq ft I'm betting it would be like $750,000.

one acre lots in nice areas would be > $1 million w/ no house

[CCBlackhatter]

2 hours ago, Pops said:

below average in a nice neighborhood

one acre lots in nice areas would be > $1 million w/ no house

That's just ludicrous.

[LiberalDonaldTrump]

On 7/8/2018 at 10:53 PM, Fred said:

What kind of house are you talking about that rents for $4500 per month?

You mean 45,000$  A month.. and that’s not even that bad

[Pops]

5 hours ago, LiberalDonaldTrump said:

You mean 45,000$  A month.. and that’s not even that bad

Something just seems silly with that # for that house even in the big city

is it across from central park or something?  Comes with the Swedish bikini team as cleaning staff?

[LiberalDonaldTrump]

3 hours ago, Pops said:

Something just seems silly with that # for that house even in the big city

is it across from central park or something?  Comes with the Swedish bikini team as cleaning staff?

I think it’s on the boardwalk of ATlantic City.. I never heard of it until now.. obviously it’s gonna be expensive but shit. That’s why it’s still on the market who’s gonna pay all that to rent

[concrete17]

On 7/8/2018 at 6:19 PM, CCBlackhatter said:

 

 

A couple years ago I purchased a 1600+ sq ft 3 bedroom home on a 1 acre lot for just over $60,000. I've put just over $10,000 in it doing some minor cosmetic updates (paint, flooring, tile, light fixtures, etc) and it is now valued at just under $130,000.

A comparable home in CA or NJ would cost me at least $300,000-$400,000 if not more considering the size of my lot. Here, I pay a whopping $437 for my mortgage while bringing home over $1200 per week (after taxes, insurance, 401K, charitable donations, etc).

 

 

 

Don't fool yourself.....that's exactly how it started here in NorCal. You bought your home  "a couple years ago" invested a little money  for improvements a wha-la !! it has already more than doubled in value.

In a few years you and your neighbor buddies will be sitting on the porch or around the BBQ grill patting yourself on the back how lucky or wise you were to buy your home early as it is approaching 4-6x's the initial investment. Then one day as neighbors with big cash downs and huge incomes high incomes to match (AND entitled attitudes to go with the high income) have moved into your newly discovered, great neighborhood snatching up homes all around you. Gone will be the days of impromptu backyard potlucks, sharing tools for yardwork and parking where you please without some new, faceless neighbor sticking a note on your windshield asking you to please move your car before tomorrow morning.

 I bought my home back in the 80's after college for $82k, which seemed like a financial butt boring back then. Through the 90's and into the double oughts I watched the values skyrocket ......social security bankrupt by my retirement years???,   who cares I got my nest egg right here in my home. 

Then one day we recieved a notice our street would require residential parking permits and that it was being turned into part of a bike priority  transit way. When the "old guard" neighbors tried to petiition for a hearing to reconsider the changes we were rebuffed by many of our newer neighbors who had spent so much to purchase the Increase valued homes and more than once were told maybe we should consider moving elsewhere more to our liking.

But I always said I will leave my home, where I raised my kid, numerous multi family Holiday parties, birthdays, anniveraries, put many hours making it better home...... feet first. I bought into this neighborhood because we love the weather, the access to public and freeway transportation, the parks and the balance of commercial zones.

Just be careful for what wish. We sometimes feel trapped by the million dollar real estate valuations all around us but there is no where else we would prefer to call home .

Edited July 10, 2018 by concrete17

[AztecPadre]

16 minutes ago, concrete17 said:

Don't fool yourself.....that's exactly how it started here in NorCal. You bought your home  "a couple years ago" invested a little money  for improvements a wha-la !! it has already more than doubled in value.

In a few years you and your neighbor buddies will be sitting on the porch or around the BBQ grill patting yourself on the back how lucky or wise you were to buy your home early as it is approaching 4-6x's the initial investment. Then one day as neighbors with big cash downs and huge incomes high incomes to match (AND entitled attitudes to go with the high income) have moved into your newly discovered, great neighborhood snatching up homes all around you. Gone will be the days of impromptu backyard potlucks, sharing tools for yardwork and parking where you please without some new, faceless neighbor sticking a note on your windshield asking you to please move your car before tomorrow morning.

 I bought my home back in the 80's after college for $82k, which seemed like a financial butt boring back then. Through the 90's and into the double oughts I watched the values skyrocket ......social security bankrupt by my retirement years???,   who cares I got my nest egg right here in my home. 

Then one day we recieved a notice our street would require residential parking permits and that it was being turned into part of a bike priority  transit way. When the "old guard" neighbors tried to petiition for a hearing to reconsider the changes we were rebuffed by many of our newer neighbors who had spent so much to purchase the Increase valued homes and more than once were told maybe we should consider moving elsewhere more to our liking.

But I always said I will leave my home, where I raised my kid, numerous multi family Holiday parties, birthdays, anniveraries, put many hours making it better home...... feet first. I bought into this neighborhood because we love the weather, the access to public and freeway transportation, the parks and the balance of commercial zones.

Just be careful for what wish. We sometimes feel trapped by the million dollar real estate valuations all around us but there is no where else we would prefer to call home .

Nice post brother.  There is also a dark side to the rapidly increasing values of your homes.  Especially if you bought in the central valley.  People would buy a home for 120k then watch its value rise to 500k within only a few years.  They then start taking out loans against the equity in their homes.  Start buying boats, motorcycles, 3rd and 4th cars, just spending money as fast as they could.  Some retired early thinking they were living in their retirement fund.  But, all of a sudden the market corrects it self.  Followed by scandal at I think it was Country Mortgage and all of a sudden their once 600k valued home falls down to 200k and they are left with 100's of thousands in outstanding equity loans.  The central valley was a ghost town when you drove through all them cookie cutter communities.  My father called in in 1998, he was a real estate developer, he said watch how greedy people will end up when they count their chickens before they are hatched.  It was a horrible thing to see.  So many sad stories that came out during and after that time. 

[AztecPadre]

Not to mention at the same time all of this is going on, they failed to read the small writing in their loan docs about the adjusted interest rate.  Lots of people also got taken by shady mortgage companies and brokers.  Greed is no bueno.

[Gospeeder]

1 hour ago, AztecPadre said:

Nice post brother.  There is also a dark side to the rapidly increasing values of your homes.  Especially if you bought in the central valley.  People would buy a home for 120k then watch its value rise to 500k within only a few years.  They then start taking out loans against the equity in their homes.  Start buying boats, motorcycles, 3rd and 4th cars, just spending money as fast as they could.  Some retired early thinking they were living in their retirement fund.  But, all of a sudden the market corrects it self.  Followed by scandal at I think it was Country Mortgage and all of a sudden their once 600k valued home falls down to 200k and they are left with 100's of thousands in outstanding equity loans.  The central valley was a ghost town when you drove through all them cookie cutter communities.  My father called in in 1998, he was a real estate developer, he said watch how greedy people will end up when they count their chickens before they are hatched.  It was a horrible thing to see.  So many sad stories that came out during and after that time. 

We deal with quite a few banking exec's in one of our businesses and what you just elaborated upon is often a topic of our lunch discussions. There is quietly a growing concern about how that may hit us with a result much like eleven years ago. 

[Gospeeder]

On 7/7/2018 at 9:59 PM, ThunderRam said:

I love living in CA, but have always disliked the SF area. Just not my cup of tea. I always want to leave as soon as I get there. I tell friends visiting from out of State that aside from seeing some of the historic landmarks, it's a vastly overrated city. It's filthy, windy and cold. This article just reinforces how I've always felt about it.

However, I enjoy trips to the North Bay, especially Napa, Petaluma, Santa Rosa, Sonoma, etc.

Thirty or more years ago SF was a spectacular city but over the years it has regressed to one of the biggest Sh..holes in the country. It becomes evident as one drives down Geary or O'Farrell streets among a bunch of others with the street signs warning of "No drug dealing zones" or stuff like it. There was a time you could have a great evening out in the Tenderloin... Theater, Jazz, Great Restaurants etc but that has long since vanished and very depressing to drive through the area. The Mission District, while currently more active isn't much better. Cross the bridge into Saulsalito and you feel you have risen to heaven from hell.

[CCBlackhatter]

18 minutes ago, Gospeeder said:

We deal with quite a few banking exec's in one of our businesses and what you just elaborated upon is often a topic of our lunch discussions. There is quietly a growing concern about how that may hit us with a result much like eleven years ago. 

Variable interest rates should be done away with in my opinion. I don't know the ends and outs of banking or lending, but it's obvious there is no upside to these types of loans (at least for the borrower). To me, it's a scam that preys on the desperate and uninformed, who are usually not in great financial standing to begin with.

Also, the constant buying, selling, and exchanging of loans is something I disagree with.

Both should be outlawed. Maybe I'm wrong due to lack of knowledge on the subject...

I can say that I will go without before getting suckered into a variable interest rate. I've seen too many people lose it all because they went that route.

[Gospeeder]

2 minutes ago, CCBlackhatter said:

Variable interest rates should be done away with in my opinion. I don't know the ends and outs of banking or lending, but it's obvious there is no upside to these types of loans (at least for the borrower). To me, it's a scam that preys on the desperate and uninformed, who are usually not in great financial standing to begin with.

Also, the constant buying, selling, and exchanging of loans is something I disagree with.

Both should be outlawed. Maybe I'm wrong due to lack of knowledge on the subject...

I can say that I will go without before getting suckered into a variable interest rate. I've seen too many people lose it all because they went that route.

Dead On. A good rule of thumb.... If its good for the banks, it is not good for you.