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i hope all your lovely houses become your tombs
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Jul 24, 2017 18:28
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anime was right posted:the places with the most newer homes will get hosed (loan amount vastly higher the actual home's price + ppl lose their jobs) Yeah see this is the mistake people who live here don't often make, conflating Las Vegas with Bakersfield with Denver with Austin just because they're "in the west" and in flyover country
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Jul 24, 2017 18:35
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i contradicted myself in there and meant to say seattle and austin might be crippled* but yeah its just wherever the new loans are, which seem to be the cities people are moving out of california to. jobs matter too. if the places are bought with cash for investment purposes it will suck but not as bad, probably. i think those "build a brand new city" places overnight will take it hte worst tho since their economies will vanish overnight.
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Jul 24, 2017 18:39
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it's possible that it will just plateau and bounce around where it is now. especially if these prices are driven by a lack of housing stock. which seems to be the case, at least in urban areas. until they actually start building reasonably prices units, and not luxury condos, prices could stay up.
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Jul 24, 2017 18:54
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zeal posted:i hope all your lovely houses become your tombs nationalize the McMansion, end homelessness, destroy the value of lovely homes so the market is forced to build something that will last longer than like 5 years
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Jul 24, 2017 18:55
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Karl Barks posted:it's possible that it will just plateau and bounce around where it is now. especially if these prices are driven by a lack of housing stock. which seems to be the case, at least in urban areas. until they actually start building reasonably prices units, and not luxury condos, prices could stay up. this is what already happened in the bay area during the last housing crash flattened for like two years then picked right back up again
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Jul 24, 2017 18:57
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H.P. Hovercraft posted:this is what already happened in the bay area during the last housing crash yeah, same thing here in Boston. people keep moving into the established cities, when there really needs to be a mass migration back into midwestern cities and southern cities.
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Jul 24, 2017 19:00
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anime was right posted:the places with the most newer homes will get hosed (loan amount vastly higher the actual home's price + ppl lose their jobs) i went through some old bank statements and couldn't help but notice austin CoL has increased around 90% in the last seven years. so: GOOD.
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Jul 24, 2017 19:50
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Karl Barks posted:yeah, same thing here in Boston. people keep moving into the established cities, when there really needs to be a mass migration back into midwestern cities and southern cities. It's so confusing, why aren't people moving to those meccas of opportunity?!
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Jul 24, 2017 20:17
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every city with a Google office will crater and burn, inshallah
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Jul 24, 2017 20:40
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Charles Mansion posted:It's so confusing, why aren't people moving to those meccas of opportunity?! It is pretty drat confusing. You could pay someone a good Idaho salary, they could buy a beautiful mountain home, and you could fly them into SF every week and still save a shitload of money vs. trying to attract a competitive Bay Area local. Surely there are some coders that don't want to live in San Jose or the peninsula.
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Jul 24, 2017 20:53
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call to action posted:It is pretty drat confusing. You could pay someone a good Idaho salary, they could buy a beautiful mountain home, and you could fly them into SF every week and still save a shitload of money vs. trying to attract a competitive Bay Area local. Surely there are some coders that don't want to live in San Jose or the peninsula. considering boise has a small tech boom going it is happening. problem is that it that not everyone wants to live in a state that has one kinda nice maybe city and the rest of it is filled with white supremacists.
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Jul 24, 2017 21:02
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Agean90 posted:considering boise has a small tech boom going it is happening. problem is that it that not everyone wants to live in a state that has one kinda nice maybe city and the rest of it is filled with white supremacists. Actually it's amazingly beautiful, Coeur d'Alene is loving awesome, and if you think Idaho has a bigger problem than California re: white supremacy welllllllllllll I'd like to introduce you to the part of California more than 20 miles away from the coast I like how you can always see a retarded liberal at a million yards when they're making GBS threads on Idaho, meanwhile 80% of California by landmass is basically the KKK
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Jul 24, 2017 21:03
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Like literally I learned about what "1488" meant when I was driving through Sultan, WA and I saw a bunch of bikers with it on their bikes along with "HH", but really when you think about it the Pacific Northwest is enlightened and quite pure
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Jul 24, 2017 21:07
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call to action posted:It is pretty drat confusing. You could pay someone a good Idaho salary, they could buy a beautiful mountain home, and you could fly them into SF every week and still save a shitload of money vs. trying to attract a competitive Bay Area local. Surely there are some coders that don't want to live in San Jose or the peninsula. a lot of the coders involved in the tech boom are young people who don't have the unique skills necessary to justify going through the extra trouble of hiring them remotely in my experience, a fresh university grad with a few months worth of internship isn't getting a coding job unless they live within driving distance of a major city. there's just no reason to bother interviewing an inexperienced young coder in Kansas when inexperienced young coders from all over the country are moving as close to urban California as they can afford on their parents' money
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Jul 24, 2017 21:30
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hey guys a high school friend shared this post on facebook from renowned economic expert timothy clemmons here's some handy advice for you to survive the upcoming apocolypse: quote:I Had to Share This, since if I don't I am responsible, now that I have shared this information, I am off the hook. Do with it what you will and PLEASE do your own homework. sounds like the impending economic disaster is due to obummercare destroying all are jobs and are economy and also because trump can't work his magic deals just some tips and now ive done my job and its not my fault if you dont sink all ur money into gold and bitcoins to survive the disaster
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Jul 24, 2017 21:47
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Bitcoin is the opposite of inelastic lmao.
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Jul 24, 2017 21:49
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idiot posted:Here is a Meme showing a huge contraction int he economy......
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Jul 24, 2017 21:50
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Former Everything posted:hey guys a high school friend shared this post on facebook from renowned economic expert timothy clemmons this guy sounds like he needs a stomach-full of molten gold and silver
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Jul 24, 2017 22:09
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Former Everything posted:hey guys a high school friend shared this post on facebook from renowned economic expert timothy clemmons this is just a bot post made by scanning transcripts of talk radio for several days and not a real person, right?
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Jul 24, 2017 22:22
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Bitcoin is going to crash when tech does, its one of the stupidest things out there
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Jul 25, 2017 01:36
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Agean90 posted:considering boise has a small tech boom going it is happening. problem is that it that not everyone wants to live in a state that has one kinda nice maybe city and the rest of it is filled with white supremacists. Have you ever been outside the Bay Area. Orange county has the largest concentration of white nationalist groups in the country. Plenty of white flight insanely racist pieces of poo poo in the rural areas.
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Jul 25, 2017 01:55
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Speaking of which, within the Bay Area the mafia isn't known for being terribly tolerant
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Jul 25, 2017 01:56
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Agean90 posted:not everyone wants to live in a state that has one kinda nice maybe city and the rest of it is filled with white supremacists. this disqualifies most of the US hell if you make your qualifier "between one and five" nice cities then it's all of the US
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Jul 25, 2017 02:09
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Oregon, noted progressive wonderland, wad founded by people trying to keep the blacks out and most of the landmass is trying to retain their heritage.
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Jul 25, 2017 03:02
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idaho fuckin sucks
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Jul 25, 2017 03:19
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Byolante posted:Oregon, noted progressive wonderland, wad founded by people trying to keep the blacks out and most of the landmass is trying to retain their heritage. People are also very quick to forget that Oregon was getting in on the straight up Indian genocide that California did too, and also keeping dust bowl refugees out or putting them in ghettos
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Jul 25, 2017 03:43
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Mr. Sharps posted:idaho fuckin sucks Yes, mountain Idaho sucks much like mountain Colorado does, not enough to keep the loving goddamned Texans out
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Jul 25, 2017 13:47
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rudatron posted:Bitcoin is going to crash when tech does, its one of the stupidest things out there I think Bitcoins going to be suprisingly resillient and decoupled from tech. Money laundering and buying drugs are real stable sources of demand and being of use to someone is more then can be said for most tech
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Jul 25, 2017 14:27
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Idaho does suck though.
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Jul 25, 2017 14:31
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i wouldn't want to be the person who got the cartel using bitcoin if it tanks
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Jul 25, 2017 14:32
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Jose posted:i wouldn't want to be the person who got the cartel using bitcoin if it tanks Cartels are big enough that bitcoin would be of limited use to them. You dont need it for money laudering when youre rich enough that regular banks will do it for you. Its about the middle-class and upper middle-class who have something to launder but not enough to have access to the traditional techniques SickZip fucked around with this message at 15:48 on Jul 25, 2017 |
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Jul 25, 2017 14:53
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FactsAreUseless posted:Idaho does suck though. b-b-b-but orange county 
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Jul 25, 2017 15:06
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the orange county enclave of billionaires would be much better pickins than some rural idaho village filled with 70 year olds
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Jul 25, 2017 15:12
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The funny thing about Bitcoin is that it's utility relies on the continued existence of a bunch of institutions, like the Banking System, The Postal Service, The Electrical grid, etc. When the banks all go down, so do the exchanges and any liquidity, so what do you do then? In the situations where you would need Bitcoin it becomes useless because it's useless as a currency. "Oh hey, please come fix my sink. I'll pay you in Bitcoin! All you have to do is install this Bitcoin Wallet..." is already a non starter, try making it work when internet and electricity is intermittent.
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Jul 25, 2017 15:23
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Digiwizzard posted:The funny thing about Bitcoin is that it's utility relies on the continued existence of a bunch of institutions, like the Banking System, The Postal Service, The Electrical grid, etc. When the banks all go down, so do the exchanges and any liquidity, so what do you do then? In the situations where you would need Bitcoin it becomes useless because it's useless as a currency. "Oh hey, please come fix my sink. I'll pay you in Bitcoin! All you have to do is install this Bitcoin Wallet..." is already a non starter, try making it work when internet and electricity is intermittent. People who are worried about the end of civilization buy gold and guns. People who buy bitcoin are worried about capital controls, currency devaluation, and having to talk to a minority to buy drugs
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Jul 25, 2017 16:09
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Digiwizzard posted:The funny thing about Bitcoin is that it's utility relies on the continued existence of a bunch of institutions, like the Banking System, The Postal Service, The Electrical grid, etc.
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Jul 25, 2017 17:25
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Kromlech posted:The postal service? Are people mailing bit corns now? God I'm old. people use their bitcoins to buy Chinese PCP, which is shipped via the postal service rather than a private shipper because it's way more difficult, legally, for the USPS to go through your mail
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Jul 25, 2017 17:33
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Oooh i see. Talk about a username/post combo BTW
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Jul 25, 2017 17:39
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spoiler alert the crash is going to be from wall st. realizing that trump & republicans cannot govern and as such cannot provide the tax cuts they're expecting. and by crash i mean 'readjustment'
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Jul 26, 2017 01:57
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