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Sagebrush posted:That's good, but I expect it will just stop rising as fast for a while. Stuff here is never getting cheaper. i mean there's always more people and there's rarely more real estate so in the long term yeah it will rise but the reason that the Bay Area is so much higher than even other places in CA is because highly paid tech people are all here and need places to live (obviously), and if that pressure suddenly vents you're gonna see a large dip that lasts for a long time. Which is good generally but sucks for me.
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May 21, 2020 21:43
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rotor posted:i mean there's always more people and there's rarely more real estate so in the long term yeah it will rise but the reason that the Bay Area is so much higher than even other places in CA is because highly paid tech people are all here and need places to live (obviously), and if that pressure suddenly vents you're gonna see a large dip that lasts for a long time. https://www.youtube.com/watch?v=Y7ySXOUCK4s
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May 21, 2020 21:55
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rotor posted:Which is good generally but sucks for me. only if you're a landlord or if you treat your house as an investment vehicle instead of a place to live.
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May 21, 2020 21:58
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Sagebrush posted:if you treat your house as an investment vehicle instead of a place to live. refusing to acknowledge the fact that your home is both where you live AND the largest single investment you will likely ever make strikes me as foolish
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May 21, 2020 22:03
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Sagebrush posted:only if you're a landlord or if you treat your house as an investment vehicle instead of a place to live. a huge, sudden drop in prices would probably result in a similar situation to 2008, where people were just mailing the keys to the bank and walking away because they suddenly owed way more than their house was worth even if you just bought your home to live, it's hard to get over the whole "i can buy two houses for what i still owe on this one"
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May 21, 2020 22:17
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Sagebrush posted:That's good, but I expect it will just stop rising as fast for a while. Stuff here is never getting cheaper. 1) "Ghost house" inventory owned by foreign investors actually going onto the market (rental or owned) due to financial pressure overseas or a new vacancy tax 2) WFH (or one of many "the next Silicon Valley" in some other location) actually being a significant thing 3) Majority renter population finally winning politically across various localities and authorizing new housing 4) State law SB50 or similar cajoling more construction 5) Downturn in tech industry Would you really want to gamble 1000% of your income that none of these will happen over the next decade or two while you're betting on your house to go up up up?
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May 21, 2020 22:26
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Agile Vector posted:that sounds like itd be real good too i'd be careful, when you're steeping basil it can get really strong really quick infusing something stronger like vodka with it takes around 3 days. wine might only want a couple weeks, if that
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May 21, 2020 22:27
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ShadowHawk posted:Take your pick, any one of the following could lower prices: i like that you approached my post as an optimistic "it's still good, my house investment probably won't depreciate!" statement instead of the "everyone who can't afford a house now will still never be able to afford a house in the future" that it actually is. i would love if the housing market collapsed and lost 50% of its value. rotor posted:refusing to acknowledge the fact that your home is both where you live AND the largest single investment you will likely ever make strikes me as foolish if you don't plan to move, it doesn't matter. treat it like the stock market and ignore the periodic ups and downs. if you can't sell in some specific years because the market is crappy, who cares, the house is still serving its primary purpose.
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May 21, 2020 23:10
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Sagebrush posted:
I didn't plan on lots of things happening that, well, turns out they happened. quote:if you can't sell in some specific years because the market is crappy, who cares, the house is still serving its primary purpose. like you're right, it is a place to live. But its also an investment vehicle, and there is definitely a point at which i will cash the gently caress out and deal with the hassle of finding a new place instead of passing it on to my kids.
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May 21, 2020 23:33
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Sagebrush posted:i like that you approached my post as an optimistic "it's still good, my house investment probably won't depreciate!" statement instead of the "everyone who can't afford a house now will still never be able to afford a house in the future" that it actually is. Also maybe prices will drop because interest rates will go up again. Unless we think they've topped at 0% forever (which, to be fair, was basically Japan for 3 decades). And maybe there'll be some sort of pandemic that kills enough people to free up significant housing inventory. Or maybe immigration and birth rates will decline.
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May 21, 2020 23:47
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Don't worry house prices will remain stable while everything else inflates wildly out of control. This has basically already happened with like student loan debt or medical bills but it is going to start leeching into new cars and food and household items and electronics too. So SF houses are still going to be a million dollars but also a lovely new Nissan Versa is going to be like $60k and a loaf of bread will be $25
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May 21, 2020 23:57
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if the real estate market drops similarly to 2008, home prices may drop 30% or more, and reach their lowest point sometime next year. however, this crisis is fairly different so it may be longer, and they may not drop regionally near you. so far, in places that are seen as safe from rona, homes are holding their value for now and actually may increase a bit this year. overall, nationally prices are projected to drop a few percent this year, and sales are down about 20%. as people default, prices will go down more, but vulture capital will also be picking those up so they may not drop as much as you'd expect. if this drags on for years as it may, prices may drop considerably; maybe half, possibly more locally, and it could be 2022 or later before prices start to go back up. things are really wrecked with retail and commercial mortgages right now; the mall of america hasn't paid its mortgage in months
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May 22, 2020 00:05
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H.P. Hovercraft posted:i'd be careful, when you're steeping basil it can get really strong really quick I’ll ask how long he’s aiming for next call. I definitely don’t want it to go long and ruin a batch because he’s so happy to see people enjoy it I think he’s only doing one of the carboys but some of them are pretty big
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May 22, 2020 00:13
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Stereotype posted:Don't worry house prices will remain stable while everything else inflates wildly out of control. This has basically already happened with like student loan debt or medical bills but it is going to start leeching into new cars and food and household items and electronics too. So SF houses are still going to be a million dollars but also a lovely new Nissan Versa is going to be like $60k and a loaf of bread will be $25 i will simply just earn more money
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May 22, 2020 00:27
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i know a few bay aryans who had already thrown their poo poo into storage or the back of a truck and moved back to the midwest, rather than renew a lease just to live near an office that's closed indefinitely i imagine all those coworkers who had the mindset of "this place only has the job" are now treating their "get out someday" plans a bit more practically as well wait a minute this isnt the tech buble thread
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May 22, 2020 02:23
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it's funny / sad that tech completely gutted and transformed the landscape and infrastructure of san francisco to suit their needs, and now with rona there's going to be a huge vacuum of tech workers disappearing. how disruptive!
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May 22, 2020 02:33
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Broken Machine posted:now with rona there's going to be a huge vacuum of tech workers disappearing. i really fuckin hope so.
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May 22, 2020 02:39
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Progressive JPEG posted:bay aryans 
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May 22, 2020 02:55
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bay area is pronounced like diarrhea fyi
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May 22, 2020 03:23
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Broken Machine posted:it's funny / sad that tech completely gutted and transformed the landscape and infrastructure of san francisco to suit their needs, and now with rona there's going to be a huge vacuum of tech workers disappearing. how disruptive! I think the local/state governments gave as much bullshit as they got in that relationship
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May 22, 2020 06:55
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gotta say, the quality of my sleep was never too good but it has recently gone to poo poo. i keep having weird dreams and waking up tired.
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May 22, 2020 18:25
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Fatal Error posted:gotta say, the quality of my sleep was never too good but it has recently gone to poo poo. i keep having weird dreams and waking up tired. same. except my sleep was usually fine but during this wfh Sit On rear end poo poo i fall asleep on the couch from 4-5pm and jolt awake at 1am for half an hour every day.
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May 22, 2020 18:26
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Fatal Error posted:gotta say, the quality of my sleep was never too good but it has recently gone to poo poo. i keep having weird dreams and waking up tired. this is everybody these days. it sucks.
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May 22, 2020 18:28
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i either sleep 6 or 12 hours, no in between
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May 22, 2020 18:31
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Jonny 290 posted:this is everybody these days. it sucks. please work out
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May 22, 2020 18:32
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Jonny 290 posted:this is everybody these days. it sucks.
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May 22, 2020 18:33
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rotor posted:please work out this is necessary but not sufficient
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May 22, 2020 18:35
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turned a 32" TV into a second monitor. serious business now.
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May 22, 2020 18:39
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chair situation sorted, just gotta dust it off because its been unused for three months
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May 22, 2020 18:43
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c wfh s: pickled some strawberries yesterday after seeing jonny rave about his batch. A+, very tasty, would pickle again
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May 22, 2020 19:59
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Fatal Error posted:i keep having weird dreams and waking up tired. i have had absolute gently caress-you chaos dreams the past three nights
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May 22, 2020 20:16
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graph posted:i have had absolute gently caress-you chaos dreams the past three nights i had a dream someone was chasing me and trying to get me to join a class-action lawsuit against Dokken
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May 22, 2020 20:19
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rotor posted:i had a dream someone was chasing me and trying to get me to join a class-action lawsuit against Dokken i mean ... as if I would never https://www.youtube.com/watch?v=kgAyiQgBL88
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May 22, 2020 20:21
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two of them were apocalyptic hells, the other was me and chris jericho (????) had to go on some search and rescue mission
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May 22, 2020 20:23
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graph posted:i have had absolute gently caress-you chaos dreams the past three nights your subconscious yearns for the madnEss of the yosboard.
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May 22, 2020 20:23
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graph posted:i have had absolute gently caress-you chaos dreams the past three nights i'm now realizing that i haven't felt my bed vibrate in a while. wonder when that's gonna happen again
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May 22, 2020 21:05
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PIZZA.BAT posted:i'm now realizing that i haven't felt my bed vibrate in a while. wonder when that's gonna happen again gotta put another quarter in, you dummy
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May 22, 2020 21:29
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graph posted:i have had absolute gently caress-you chaos dreams the past three nights i woke up screaming yesterday morning from some nightmare where my clothes were trying to eat me. i haven’t remembered a dream in 20 years.
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May 22, 2020 21:41
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lol everyone in the world is going to have ptsd after this
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May 22, 2020 21:43
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Stereotype posted:lol everyone in the world is going to have ptsd after this i mean, your posts are bad, but that’s a bit much
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May 22, 2020 21:44
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