Im bowing out

[BigHornRam]

probably need to add a paragraph about income stagnation

Had a fun conversation with a boomer MD about how residents now have it so easy now with their 58k salaries because back is his day 1977 he only got paid 18k.

Dr. Boomer knew how to push your buttons, i see.

 

[Deleted member 28227]

Dr. Boomer knew how to push your buttons, i see.

The button pushing came with the sexist shit

 

[Mudranger1]

At least, this is my small, and slightly bitter theory about the world right meow.
View attachment 212041

Much easier to understand than previous post

 

[SAJ-99]

If @SAJ-99 decides to short it, to the .

I will let you know when I do so at least one of us can make money. Opened limit up again today and quickly switched to limit down. Speculators...
I was too focused on equities and bonds due to Russia news and missed it.

 

[Cheesehead]

Oh shit, my M2 money supply chart didn't post...fixed
@wllm1313 -- oh, don't get me started on income stagnation...I'm probably not making friends today already!

 

[Perlodid]

Me reading this thread as someone in their 20s who doesn't own a home


Maybe I'll make it further than 20 pages in Meditations this time

 

[BigHornRam]

Oh shit, my M2 money supply chart didn't post...fixed
@wllm1313 -- oh, don't get me started on income stagnation...I'm probably not making friends today already!

Change that walnut farm idea to a pot farm, and you will make a bunch of new friends!

 

[AlaskaHunter]

I could sell my 1970's built, minimally updated house sitting on 0.10 acres in the Denver area and make enough off the sale to buy a 4000 square foot house on 20+ acres in the southeast. Bought this house 5 years ago and it has appreciated +90% since then. It's just stupid.

Houses are much less expensive in rural areas in the southeast US and some of the rural midwest.

 

[westbranch]

We looked at this house last week. It's the size of a condo, 2 bedroom, one of which you can barely fit a twin bed in and I had major concerns about the foundation and concrete. It's under contract for $590000, 105k over asking

https://www.redfin.com/CO/Littleton/7667-Grizzly-Ct-80125/home/35270178?utm_source=myredfin&utm_medium=email&utm_campaign=instant_listings_update&riftinfo=ZXY9ZW1haWwmbD01MzM4NjM4OSZwPWxpc3RpbmdfdXBkYXRlc19pbnN0YW50XzE1JmE9Y2xpY2smcz1mYXZvcml0ZXMmdD12aWV3X2RldGFpbHMmZW1haWxfaWQ9NTMzODYzODlfMTY0NDYwNzQ1OV8yJnVwZGF0ZV90eXBlPTQmbGlzdGluZ19pZD0xNDQ2MDU3NzgmcHJvcGVydHlfaWQ9MzUyNzAxNzgmcG9zaXRpb25fbnVtYmVyPTA=

Sad when that almost looks reasonable.

623 W Empire Ave, Coeur D Alene, ID 83814 - Home for Rent | realtor.com®

View 32 photos for 623 W Empire Ave, Coeur D Alene, ID 83814, a 1 beds, 1 baths, 700 Sq. Ft. rental home with a rental price of $1695 per month. Browse property photos, details, and floor plans on realtor.com®.

www.realtor.com

518 N 7th St, Coeur d'Alene, ID 83814 | realtor.com®

View detailed information about property 518 N 7th St, Coeur d'Alene, ID 83814 including listing details, property photos, school and neighborhood data, and much more.

www.realtor.com

1111 E Garden Ave, Coeur d'Alene, ID 83814 | realtor.com®

View 27 photos for 1111 E Garden Ave, Coeur d'Alene, ID 83814, a 2 bed, 1 bath, 1,168 Sq. Ft. single family home built in 1943 that was last sold on 12/20/2021.

www.realtor.com

Will be interesting to see what this duplex will sell for. There were 3 duplexes on this block listed at $250k the winter of 2017-2018. I know one savvy investor that bought one of those duplexes and sold it a year ago.

3140 N 13th St, Coeur d'Alene, ID 83815 | realtor.com®

View detailed information about property 3140 N 13th St, Coeur d'Alene, ID 83815 including listing details, property photos, school and neighborhood data, and much more.

www.realtor.com

 

[hank4elk]

Interesting to watch, from a boomer I got mine seat. It was pure luck & hard work. Slip through a few cracks and bingo.
I bought at the wrong time everyone said. Wrong place. Shoulda stuck around 2 more years for the full 20+.
Got out of construction before that turned to a SS 35+ years ago.

No one wanted to live here 13 years ago. Not many do now. But from what I am seeing it's a zoo here.
The neighbor has split his place up he put together, to maximize $. Guy is filthy rich.
Was a bidding war with another new neighbor getting screwed recently. The new new neighbor is a cop.
I have to lock my gate ,when I'm home now. I guess they don't give address number reading classes with the realtor lic.

The good part is my place is worth a whole lot more than 10 yrs ago. There are 10 time's the elk numbers.
The bad part there is nothing like it ,for more.
I'm good.

 

[npaden]

It really is amazing that you can generally find very reasonable rural properties in the midwest and eastern part of the country for cheaper than the west now. In small towns all over there are really good deals to be had.

Check out this 3,500 sq ft house for $139K - https://www.zillow.com/homedetails/92-W-Cayuga-St-Oswego-NY-13126/53759961_zpid/

 

[pointingdogsrule]

Sad when that almost looks reasonable.

623 W Empire Ave, Coeur D Alene, ID 83814 - Home for Rent | realtor.com®

View 32 photos for 623 W Empire Ave, Coeur D Alene, ID 83814, a 1 beds, 1 baths, 700 Sq. Ft. rental home with a rental price of $1695 per month. Browse property photos, details, and floor plans on realtor.com®.

www.realtor.com

518 N 7th St, Coeur d'Alene, ID 83814 | realtor.com®

View detailed information about property 518 N 7th St, Coeur d'Alene, ID 83814 including listing details, property photos, school and neighborhood data, and much more.

www.realtor.com

1111 E Garden Ave, Coeur d'Alene, ID 83814 | realtor.com®

View 27 photos for 1111 E Garden Ave, Coeur d'Alene, ID 83814, a 2 bed, 1 bath, 1,168 Sq. Ft. single family home built in 1943 that was last sold on 12/20/2021.

www.realtor.com

Will be interesting to see what this duplex will sell for. There were 3 duplexes on this block listed at $250k the winter of 2017-2018. I know one savvy investor that bought one of those duplexes and sold it a year ago.

3140 N 13th St, Coeur d'Alene, ID 83815 | realtor.com®

View detailed information about property 3140 N 13th St, Coeur d'Alene, ID 83815 including listing details, property photos, school and neighborhood data, and much more.

www.realtor.com

Glad that I live in rural Iowa.

 

[VikingsGuy]

Houses are much less expensive in rural areas in the southeast US and some of the rural midwest.

It really is amazing that you can generally find very reasonable rural properties in the midwest and eastern part of the country for cheaper than the west now. In small towns all over there are really good deals to be had.

Check out this 3,500 sq ft house for $139K - https://www.zillow.com/homedetails/92-W-Cayuga-St-Oswego-NY-13126/53759961_zpid/

Problem is that it will show no growth over the years of ownership.

When we finally had to move my parents out of their last home - in ND where they had lived for the last 30 years they made almost nothing beyond CPI and lost money if you included interest and maintenance. I was a nice single-family home near a good school in a nice neighborhood - but there was just no price movement in their town over those years. In contrast, my initial crappier starter home in a crappy neighborhood near a mediocre school in the twin cities netted me over double its purchase price in 4 years. That gain was a big help in starting a family.

When considering the govt. subsidized, leveraged investment value opportunity of homeownership, cheap housing in small towns is overrated (especially paired with income options in most small towns).

 

[mtmuley]

I've been in residential construction my entire career. This isn't going to end well.

Depends on the clientele. mtmuley

 

[westbranch]

Glad that I live in rural Iowa.

We moved in 2017 and were fortunate to purchase some real estate. We came from small town/rural MN and prices seemed high but affordable when we first moved. But now its just crazy.


Northwest Iowa was on the short list of possible places to move since my in-laws live there... Glad we live in Idaho

 

[BigHornRam]

Depends on the clientele. mtmuley

I wasn't talking about myself or the clientele. I was referring to the house of cards holding up the world and US economy. Going to be a rough strech coming soon. Debt is not going to be your friend.

 

[VikingsGuy]

I wasn't talking about myself or the clientele. I was referring to the house of cards holding up the world and US economy. Going to be a rough strech coming soon. Debt is not going to be your friend.

If you maintain employment and wages rise (as they typically due during inflationary times) fixed-rate debt against tangible assets that hold/grow value is actually a good thing. Even during economic downturns, the large majority of folks keep their jobs, and if they navigate it right end up better off in the long run. Of course, for the minority that loses employment in the downturn it can be bad. But we can't always live our lives assuming the worst case at every turn.

 

[BigHornRam]

If you maintain employment and wages rise (as they typically due during inflationary times) fixed-rate debt against tangible assets that hold/grow value is actually a good thing. Even during economic downturns, the large majority of folks keep their jobs, and if they navigate it right end up better off in the long run. Of course, for the minority that loses employment in the downturn it can be bad. But we can't always live our lives assuming the worst case at every turn.

Be prepared or be blissfully ignorant. Choice is yours.

Consumer debt totals $15.6 trillion in 2021, a record-breaking increase

Total debt at the end of the year came to $15.6 trillion, an increase of $333 billion in the fourth quarter and just over $1 trillion for the year.

www.cnbc.com

 

[VikingsGuy]

Be prepared or be blissfully ignorant. Choice is yours.

Consumer debt totals $15.6 trillion in 2021, a record-breaking increase

Total debt at the end of the year came to $15.6 trillion, an increase of $333 billion in the fourth quarter and just over $1 trillion for the year.

www.cnbc.com

Debt fear is one of the most overplayed emotions when it comes to finances. I am not saying carrying 21% maxed out credit cards generated by too many $12 coffees is ok, but debt in pursuit of housing and solid not overly-speculative investments is not something to be feared if done well. In fact, if you show me a truly debt-free person or company I will show you a person/company that doesn't understand money and has left a lot of it on the table. Debt is a goldilocks question - it has to be just right. Too much is bad, too little is bad.

 

[BigHornRam]

0 debt and money in the bank.... and don't live in the twin cites. Bad situation for sure.