didn’t work for me
I don’t know what else to say. It works for me on my desktop with Chrome and Edge and I even tried it on my iPhone with Safari just now and it works fine.
But it’s okay though. You’re not missing out on much.
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incognito mode never works for me either
I did just find this site - curious if anyone has used
same like archive.is?
This shouldn’t be surprising. People are leaving the expensive coastal areas for cheaper inland areas (and out of state).
It’s too expensive here!
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Progressive Utopia.
My guess is, next statement will be $30/40/50 minimum wage, will solve everything according to Progressive Economists.
The politics going forward is going to be really bad, because politicians will turn it into a fight between have vs have-nots, and the have-nots have the numbers and who will be in the cross-hairs?
They’ve been turning it into that fight for a long-time. How much media coverage is there about the rich not paying their fair share vs. over 50% of households don’t pay any income tax? If you compare vs. the 80’s, the top 1% and top 10% are paying a much higher percent of the total tax burden. Meanwhile, the percent of households paying zero has more than doubled. Those same people love to talk about socialist utopia’s (Finland and Sweden). The median American family pays a 3% net income tax rate. Finland and Sweden pay 8x more. The socialist utopia is funded by income taxes on the middle class not taxing the 1%. None of that matters, since they can get people to emotionally react and vote based on false propaganda.
Oh, then they’ll bring up how those people pay payroll taxes. They do and 90% of people will receive more social security and Medicare benefits than they pay on payroll taxes. Paying them isn’t some hardship . It’s a net positive for 90% of people. They’ll also cry about how little corporations pay ignoring corporations are paying half of the payroll taxes.
It’s all emotional manipulation and most people are falling for it. Then the truth is so conflicting to people’s emotions that they can’t actually process the info.
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Anything factually incorrect about 44% household here?
We crossed 50% with the child tax credit during covid.
2020-21 was an outlier and ppl not gonna get stimulus every yr. So it’s better to take pre covid %. Even if 50% is taken assuming child tax credit is permanent, I was asking about the points mentioned and not the actual %.
I already addressed the payroll tax one which is the most common counter argument.
Tax rates aren’t the issue. Most people are in a 25% bracket yet pay 3%. It’s all the deductions and credits which Congress will never agree to give up. The special interest lobbyists controls them. It’s not at all how income taxes work in countries with stronger social programs.
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Othon and her husband bought the house in San Jose’s Berryessa neighborhood in 1998 for $350,000, but their children are grown now and they no longer need so much space.
Othon listed the house last week for $1.788 million, hoping offers would pour in. But so far, it’s been crickets. She worries she waited too long to take advantage of the hot housing market. And if the house doesn’t sell, she and her husband can’t afford to downsize by buying a smaller house or a condo.
“I’m really scared,” she said. “I feel like I might have missed it, and what do I do now?”
What’s the worry? Property tax is super low. Unless they refi’ed with max LTV recently, payments should be very manageable. .
I agree with the article, home prices will not crash, and will keep inching up. There are some cartoon journalists like Wolf Richter and his tiny group of followers who have been predicting 20-30% crash in Bay Area RE after interest rate jump and tech crash. Its been 4 months and no crash yet and they are still singing their songs writing some stupid articles after articles. He would even delete comments from his website who will argue against him.
Same for other dooms day predicters like Rich Dad Poor Dad or Reventure Consulting or George Gammon. All these jokers are singing the same song and they are being priven wrong again and again. Broken clocks.
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1788-350 = 1438, less 500k is 938, 50% tax on 938 left with 469, add 500+350 = $1319k in cash proceeds. May be less another 119k for loan on the house, left with $1200k or $1.2M cash in hand. What kind of house is Othon considering? Also, is running cost that high? If can’t sell at $1.788M, sell at $1.7M or $1.6M, anything wrong? Better still, come to Austin!
Many new construction that she can afford…
Does anyone REALLY believe that Bay Area RE will have any impact in sale prices if mortgage hits 7% which most experts agree will be the case. If thats not enough will Nasdaq dropping by Another 20% finally break the back?
I doubt it will happen even though it sounds illogical.
Last 6 months, mortgage rate have gone from 3% to 5% and NASDAQ dropped by 25% and bay Area RE has only grown all this time. Homes are still selling at higher prices than the previous equal home in equal location (do not argue with this data, I can show you 100s of examples). All this tech stock crash and mortgage rate bump has literally had no impact, so why will another leg have any impact?
Impact of 5% mortgage rate can only be seen in Jun data. Btw, not inlined with title.
I have been diligently tracking all recent sales. I have not seen any weakness in sale prices of homes compared to equal homes sold a month ago or two months ago. Even bubble areas like San Ramon, Mountain House, Pleasanton, South San Jose, Morgan Hill are standing firm. I have been tracking many areas. So if June data should any weakness I will dismiss it as fake data.
Just last week a Los Altos home sold for 2M over asking and closed in a week. Another one sold for 1.8M over asking. Good homes are still selling like hot cakes.
That’s correct. However, houses with some flaws are slower to sell, use to sell like hot cakes too.