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Rent Dropping

CABilly said:
FWIW, I live in a newly-developed part of town (sprung up within the last 20 years) and it has a few roundabouts on the main streets. I routinely route through them because they're WAY more efficient than 4-way stops or lights, even though they're slightly out of the way. And they're fun on the moto when they're empty (think sweet S-turns in the middle of a normal city street).

We need more of them, IMO.
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I do the same on my commute home - it even has rounded curbs so I may try and ramp them... :laughing
 
Yakoo752 said:
our market model is based on growth, without growth it fails

Since Americans have chosen for whatever reason not to have children and moreso not to have more then 2 children, our market model starts to fail were starting to show the failure

immigration is the key to ensure our population continues to grow. A solid immigration plan can controlled. On average we allow @ 1M immigrants in a year. There are tons of jobs that immigrants are willing to do that most American's refuse.

It's not a pyramid scheme. Do we have the space for more people? yes. Can we create sustainable population growth? why not. The US is 3x the size of the EU and has 1/2 the population.

Idiocracy is what happens when everyone stops everything.

I'm not seeing too much downside here.
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I think you left out the 1M a year illegals :laughing

Also yeah we have space. In Wyoming. California? FUCK YOU:mad
Also just because we have the space doesn't mean we have the infrastructure to support. Which we don't. We are sending millions of gallons of water to Nevada from the bay area for example. We can't support more people until we make a improvements to all of our existing water/road/ etc etc needs.
 
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72SBC said:
I think you left out the 1M a year illegals :laughing

Also yeah we have space. In Wyoming. California? FUCK YOU:mad
Also just because we have the space doesn't mean we have the infrastructure to support. Which we don't. We are sending millions of gallons of water to Nevada from the bay area for example. We can't support more people until we make a improvements to all of our existing water/road/ etc etc needs.
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I had a buddy who would see all the empty space looking down from the window of a plane and suggest the country could support 4X the current population.
He wouldn't bother to consider the additional infrastructure they would need to wear and tear on, energy needs, water, trash they'd generate...
Dude was an electrical engineer so he wasn't a moron, just a lot of sunshine out his ass.
 
Holeshot said:
I'm pretty sure that 99% of rental investors/ owners do not understand the economics behind rental property.
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this is so true, all your other posts on on target like Robin Hood splitting an arrow in the bull's eye.

A lot of what is driving rents up is greed rather than real life economics. Property management is really people management, a landlord makes much more money with long term renters at a moderate rent than short term renters at a high rent.
 
The 35 and under crowd cannot save $$ for a down, live an instant gratification lifestyle which exacerbates their inability to save, and there are housing shortages in major cities where there are jobs = high rents.

How many friends of yours are buying or leasing expensive cars, going on pricey trips, pricey dinners YET have school loan debt and other debt? I know a handful. They feel unable and essentially discouraged to from buying so they just buy now.

My own girlfriend said buying a house was never on her horizon, she thought it wouldnt happen for years. Now that I'm thinking about selling to buying something bigger with her, she's starting to sell stuff, cut spending, pay down student loans etc.

I can't theorize what would drive down rent in the bay area. Maybe if interest rates go up, borrowing is more expensive, less people will buy with the thought to rent.
 
72SBC said:
I think you left out the 1M a year illegals :laughing

Also yeah we have space. In Wyoming. California? FUCK YOU:mad
Also just because we have the space doesn't mean we have the infrastructure to support. Which we don't. We are sending millions of gallons of water to Nevada from the bay area for example. We can't support more people until we make a improvements to all of our existing water/road/ etc etc needs.
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I didn't know illegals have only been entering for the last 11 years, or so...

We have space, we have the resources, just because it's not developed today doesn't mean it can't be. Call it a jobs program if you want. The reason it isn't developed is due to lack of reason to develop...
 
Dubbington said:
The 35 and under crowd cannot save $$ for a down, live an instant gratification lifestyle which exacerbates their inability to save, and there are housing shortages in major cities where there are jobs = high rents.

How many friends of yours are buying or leasing expensive cars, going on pricey trips, pricey dinners YET have school loan debt and other debt? I know a handful. They feel unable and essentially discouraged to from buying so they just buy now.
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On average, those that make $125-$150k annum, have less then $1,000 in liquid assets. Should tell you something about peoples spending.
 
Yakoo752 said:
On average, those that make $125-$150k annum, have less then $1,000 in liquid assets. Should tell you something about peoples spending.
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:wow

kinda amazed, but then i realize that i know quite a few people that make this type of money that are always borrowing money to make ends meet. After buying "enter new toy here" or "enter drug here" :rolleyes
 
Yakoo752 said:
On average, those that make $125-$150k annum, have less then $1,000 in liquid assets. Should tell you something about peoples spending.
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JesasaurusRex said:
:wow

kinda amazed, but then i realize that i know quite a few people that make this type of money that are always borrowing money to make ends meet. After buying "enter new toy here" or "enter drug here" :rolleyes
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Exactly. It's their fault but the 'system' is really setup that way and many dont recognize that. Everything is a payment here and payment there.

Is my thought process fucked up to think that anyone who makes under $130K with debt/loans shouldn't be going to dinner at the French Laundry for $400+ a person?

My older did years ago....and now she's on year 5 of leaving at home.
 
Dubbington said:
Exactly. It's their fault but the 'system' is really setup that way and many dont recognize that. Everything is a payment here and payment there.

Is my thought process fucked up to think that anyone who makes under $130K with debt/loans shouldn't be going to dinner at the French Laundry for $400+ a person?

My older did years ago....and now she's on year 5 of leaving at home.
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I'm all about priorities

eat at FL regularly, sure but you need to scale back at other things to compensate for the spend.
 
Yakoo752 said:
On average, those that make $125-$150k annum, have less then $1,000 in liquid assets. Should tell you something about peoples spending.
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If you're paying 33%+ effective tax rate (no deductions), $1k+/mo in student loans, and a modest $1,500/mo in rent, that $125k doesn't go all that far in a place like SF.
 
Dubbington said:
Exactly. It's their fault but the 'system' is really setup that way and many dont recognize that. Everything is a payment here and payment there.

Is my thought process fucked up to think that anyone who makes under $130K with debt/loans shouldn't be going to dinner at the French Laundry for $400+ a person?

My older did years ago....and now she's on year 5 of leaving at home.
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I don't understand the judgment-it's their choice and their money, no?

Said judgement also works both ways.

I can't imagine buying a house and not being able to paint it how I wanted, change exterior light fixtures, or modify exterior doors. But, there you are.

If it makes you happy, that's fine, but it ain't for me.
 
SFSV650 said:
If you're paying 33%+ effective tax rate (no deductions), $1k+/mo in student loans, and a modest $1,500/mo in rent, that $125k doesn't go all that far in a place like SF.
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people sure do struggle with math - let me help you out here...
Base pay: $125,000
Fed: ($25,000)
State: ($8,000)
SS: ($7,000)
Medicare ($2,000)

It's tough living on $82,000 cash annually.
School loans ($20000)
Rent ($24000) - cause you fancy
Car ($6000) - yep, still fancy
Insurance ($1200)

What to do with the additional $31000 annual?!?!? What do I do with the truly disposable $2500 a month?
 
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Yakoo752 said:
people sure do struggle with math - let me help you out here...
Base pay: $125,000
Fed: ($25,000)
State: ($8,000)
SS: ($7,000)
Medicare ($2,000)

It's tough living on $82,000 cash annually.
School loans ($20000)
Rent ($24000) - cause you fancy
Car ($6000) - yep, still fancy
Insurance ($1200)

What to do with the additional $31000 annual?!?!? What do I do with the truly disposable $2500 a month?
Click to expand...

Seriously. If youre struggling and you make 125k, youre a dipshit.
 
Yakoo752 said:
people sure do struggle with math - let me help you out here...
Base pay: $125,000
Fed: ($25,000)
State: ($8,000)
SS: ($7,000)
Medicare ($2,000)

It's tough living on $82,000 cash annually.
School loans ($20000)
Rent ($24000) - cause you fancy
Car ($6000) - yep, still fancy
Insurance ($1200)

What to do with the additional $31000 annual?!?!? What do I do with the truly disposable $2500 a month?
Click to expand...

Food 7500
Clothing 2500
Motorcycle + Insurance 5000
Vacation 5000
Gas 2500
Cable, internet, power, phone 3000
Entertainment 1000-3000
 
Yakoo752 said:
people sure do struggle with math - let me help you out here...
Base pay: $125,000
Fed: ($25,000)
State: ($8,000)
SS: ($7,000)
Medicare ($2,000)

It's tough living on $82,000 cash annually.
School loans ($20000)
Rent ($24000) - cause you fancy
Car ($6000) - yep, still fancy
Insurance ($1200)

What to do with the additional $31000 annual?!?!? What do I do with the truly disposable $2500 a month?
Click to expand...

:dunno

How much is paid out for health insurance? Retirement beyond SS? Vehicle insurance, utilities, gas, food? Might not be too much left for saving, investing, or just play money.
 
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