The Desert Sun
www.desertsun.com
More real estate doom and gloom
- Thread starter Toshi
- Start date
www.desertsun.com
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Own a piece of history!
Paul Manafort’s Brooklyn townhouse heads to foreclosure
The former Trump campaign manager previously agreed to forfeit the Carroll Gardens home to the feds before his last-minute pardon in 2020.
therealdeal.com
Downstairs neighbour from your penthouse?Own a piece of history!
Paul Manafort’s Brooklyn townhouse heads to foreclosure
The former Trump campaign manager previously agreed to forfeit the Carroll Gardens home to the feds before his last-minute pardon in 2020.therealdeal.com
Hah. No, but was a few buildings down the street from me in my old neighborhood. Kept waiting for a mysterious blaze and/or drone smartbombing
Get it while it's hot!
1BR/1BA. Newly Built. Fully Furnished Guest House & Office -...
Required to move in: First and last month's rent, security deposit, signed rental contract. No smoking. Access to shared washer/dryer in main house. Close to parkland, transport, and shopping...
sfbay.craigslist.org
What has this world come to?
www.marketwatch.com
We love to ski but are struggling even with a $1 million house budget — what’s an affordable ski town where we can retire?
Oh, it should have good lakes and water sports nearby and not be too touristy.
www.marketwatch.com
My wife and I are both federal employees and will retire in a few years with total (combined) pensions of around $10,000 a month. Our nest egg for retirement (TSP plus savings) will be another $2 million or so. Social Security will kick in on top of that.What has this world come to?
We love to ski but are struggling even with a $1 million house budget — what’s an affordable ski town where we can retire?
Oh, it should have good lakes and water sports nearby and not be too touristy.
1. that's no normal 'federal job'
2. please consider jumping into one of the lakes you seek with some of these concrete shoes we provide for free
Whitefish and Crested Butte are too remote
I really do want to punch these people in the neck.
Lake Tahoe is congested and full of casinos and second homes.
That's right. Fuck off. Nevermind the casinos total like 4 these days and every 'mountaintown™" you're talking about is also second homes. Please continue to fuck off regardless.
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I used to live near the National Ground Intelligence Center which paid significantly more than the average STEM jobs paid, tech bro money with gubment benefits. It shouldn't surprise you that about the only way to qualify for a job there was to work for a military contractor.My wife and I are both federal employees and will retire in a few years with total (combined) pensions of around $10,000 a month. Our nest egg for retirement (TSP plus savings) will be another $2 million or so. Social Security will kick in on top of that.
1. that's no normal 'federal job'
2. please consider jumping into one of the lakes you seek with some of these concrete shoes we provide for free
Whitefish and Crested Butte are too remote
I really do want to punch these people in the neck.
Lake Tahoe is congested and full of casinos and second homes.
That's right. Fuck off. Nevermind the casinos total like 4 these days and every 'mountaintown™" you're talking about is also second homes. Please continue to fuck off regardless.
Federal Employee Retirement System pension is 1% of average of high three salary years multiplied by number of years worked if retiring before the age of 62. At 62 it becomes 1.1%.
A $60k per person pension would be around a $136k salary for someone retiring after 40 years at the age of 62. Kind of in the GS13 range in moderate cost of living areas. GS13/GS14 is not atypical for STEM career fields, so that pension could be the result of shorter careers as well.
Not an average federal employee but probably around average to slightly above average for federal STEM employee depending on their location.
A $60k per person pension would be around a $136k salary for someone retiring after 40 years at the age of 62. Kind of in the GS13 range in moderate cost of living areas. GS13/GS14 is not atypical for STEM career fields, so that pension could be the result of shorter careers as well.
Not an average federal employee but probably around average to slightly above average for federal STEM employee depending on their location.
Someone that is 62 may not last long on the slopes.
I'm thinking more like med doctor, or agency lawyer, or Senior Executive Schedule (SES). There were recently, and may still be, a very small number of GS15 positions.
Possibly. If they were retiring at 57, which is generally the minimum, that would be more like $171k for high three which is close to the cap for GS15. A lot of places are doing broadband pay scales so you can make in that neighborhood without actually being a GS15. The other things that you mention are also possible and maybe more likely. I'd say doctor/lawyer more likely given how relatively few SES positions are out there. I'm less familiar with those pay scales but have seen VA positions for >$300k which is way more than you can make as a GS or even SES.
And, of course everyone's situation is different but $2M in TSP and general savings between two people retiring in those types of positions isn't really that much.
Vacant Homes Everywhere - The New York Times (nytimes.com)
"At a time when household units are forming faster than homes are being built and many Americans can’t find a home at all, it may come as a surprise that nearly one in 10 American homes — more than 16 million in all — were “vacant” when the 2020 census was recorded. In some states, the vacancy rate exceeded 20 percent. What can we make of these figures? A recent post by LendingTree attempts to parse the data by comparing vacancy rates in all 50 states, the basis of this week’s chart."
"At a time when household units are forming faster than homes are being built and many Americans can’t find a home at all, it may come as a surprise that nearly one in 10 American homes — more than 16 million in all — were “vacant” when the 2020 census was recorded. In some states, the vacancy rate exceeded 20 percent. What can we make of these figures? A recent post by LendingTree attempts to parse the data by comparing vacancy rates in all 50 states, the basis of this week’s chart."
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People really don't get this. The answer is always "wE gOtTa bUiLd mOrE hOuSes!!"
I've been saying it for years: We need to use houses for houses, not hotels or just other rich shit amenities. Building more won't change the problem.
"Only" 9% in california but that's 1.2 million houses......
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It's interesting they claim that over the last 20 years (only 3 census cycles) the overall vacancy rate hasn't changed much. I'd love to see where it was before the 80s/90s real estate as trading commodity cultural shift.
I also have a hard time believing that it's still similar before the existence of airbnb and the like
I also have a hard time believing that it's still similar before the existence of airbnb and the like
I just had a lunch-time argument about this with my wife... not a good time to get into an argument. but this notion that housing is scarce and that is what's driving prices up is far too simplistic, imo.
I wonder if people lie on the census about air bnb type holdings so they don't get dinged for taxation...?
I know this for a fact. They'll claim as kid's houses, dual primary residence etc. I've seen people brag about it online. Counties don't even know how many they have in a place like here, where it's absolutely a significant portion of homes.
The census data was kind of skewed in 2020 anyway because of trump and his citizenship BS. There's gotta be better source data or stuff that can fill in holes.
I mean there is a scarcity, but it's financial, not just numbers in a fair market.
Of course, because houses are built by companies that realize the bottom line for profit is the most important, so they are big craftsman mega-houses for people to invest and move into, giant 3000sq foot monstrosities, etc. Or, it's giant apartment complexes for the "working class", aka "gulag", so you can never really get a leg up and a "starter home", because there's not enough profit for everyone who's hands are in the cookie jars, developers, property owners, construction companies, contractors, etc. in a 1500sq foot home. So you basically have the choice of an apartment, or a trailer park...
There is an empty house on my street. Some dude bought it in 2003, lived there for a year then moved to Tacoma. He let some old hippy store shit there until said hippy died last year. But for the most part the house has just sat unused and is falling into disrepair. Of course it is now worth 3 times what it was bought for but I have no idea why it just sits empty.
I am kind of surprised it hasn't attracted squatters yet.
Westy's house, or the empty place?
I will have you know I do not have bodies everywhere.
I keep them neat and tidy in the prescribed body storage area.
i've lived in my house about 9 years. over that time, prices have increased most significantly in the past year.
I evicted him last weekend. When he wandered off to presumably get more fentanyl I installed 5 elevated planter boxes leaving no room for a tent. Part of me felt bad but the neighbors had reached out to 3 different aid organizations. Each one was familar with the individual and have tried to help him in the past and all offers were refused and they had no interest in trying again.
My wife and I moved into our house 5 1/2 years ago, there's a house two along from us that has been empty that entire time. Which confuses me given the rent that could have been earned alongside the property value increases.
There was a piece on 60 minutes last night about the Corps who are just buying homes in certain areas and then renting them out pushing up rents in the area massively.
I recalled the planter installation. Just wondering if he moved to your stoop or on top of the carport or the like.
He moved down the street for a day then disappeared.
Don't let the bodies hit the floor,....
He probably wrote a review on Nextdoor the the neighborhood was turning to shit, and becoming inhospitable.
"some asshole built a planter on my bed"
LOL
www.kunr.org
How the pandemic housing market spurred buyer's remorse across America
Low interest rates, high rents and working from home combined to push many young Americans to buy their first home over the last two years. But it's not without challenges.
www.kunr.org
"Like, if only we were still renting, then the landlord could deal with this."LOL
How the pandemic housing market spurred buyer's remorse across America
Low interest rates, high rents and working from home combined to push many young Americans to buy their first home over the last two years. But it's not without challenges.
Hello and welcome to home ownership folks!
"Buy a house," they said.
