I'll just rent and vent I guess :-) Newcomer observations

Zillow is already forecasting a slight drop within the next year. Look at their zestimate charts for BA neighborhoods.

Speaking of charts, how come people don’t talk about the “mega-bear quartets” anymore??? I miss those days…

It means, that after you have been paying mortgage, property taxes, and the likes, you will end up with an asset worth less than putting your money to work on the stocks or flipping for a living. Or, to favor some posters here, put that money into any other deferred or IUL program. Ask the banks about it, they used them, or Jim Harbaugh

Say you own a home worth $2M at that time (in 30 years), how much is the income generated by that $? For those lovers of 401Ks, as jil notified me of $20K <> being left in a Roth Ira x 30 years will be making $1M or so, I forgot the quantity in 30 years, how much $1 M or $1.5 million would get you in returns in a Roth Ira/401K in 30 years? (if they allowed such amount)

Anyway, it had to be me who broke the ice on this topic…again…:innocent:

I was hoping to learn something new… but anyways…

OK what you meant was:

  1. $ will not be worthless(but said something totally opposite)
  2. Real Asset as a Asset class will grow slower than stocks(over long term) as it has historically.

Infomercial… ignored.

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Back the original thread…As far as warm water…California has ten times more warm fresh water beaches than cold ocean beaches…And the 7th best summer weather in the country

There is a case to be made for the grossly hot weather inland, as the average high temperature in places like Fresno hits 96 by August, but even that’s not ridiculous and anyway, California has 3,427 MILES of ocean shoreline, and another 32K of lakeshore. A couple of years ago, a former Google engineer made an interactive chart to showcase the places with the “most pleasant days” every year (taken from National Oceanic and Atmospheric Administration data) and Southern California dominates, with both LA and SD having more than 180 “pleasant” days a year. In fact, the top five most pleasant places are all in California (the recent heatwave notwithstanding). THERE IS A REASON THE MAMAS & THE PAPAS WROTE THAT DAMN SONG.

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If you can’t answer it, don’t trash it. Keep going! Or ask Jil, he can help you, he knows what I am talking about.

I bought a house using bank financing in the last 1.5 years. Paid 10% above asking(had many competitors) & succeeded in spite of bank financing in SFO Bay Area.

Corelogic says the following @ mortgages May 2017:
Investors/Absentee buyers(Possibly non bank financed): 16.5%
Jumbo Mortgage : 38%
FHA: 8%
Rest(I’m guessing) financed in some way : 37.5%

Point is: majority of buyers do seem to get financing.

Uhm, you could have done the more prudent thing and bought a very nice, large tv!!! Come on, that would have also given you years of enjoyment no???

Didn’t want to see the blemishes in 4k so stuck to 65 :wink:

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but seeing the birthmarks and moles makes things so much more realistic :sweat_smile:

Bigger than life size. Movies and TV shows need to make for 65+" display to ensure there are no bigger than life size and show more surroundings.

(A scene we would like to see…)

Costco Return Counter: How can I help you today, Sir?
Me: As you can see, I want to return this tv.
Costco Return Counter: Reason?
Me: Well, the tv was TOO GOOD that when I was watching midget porn, the realism of the blemishes and birthmarks just got to me that I couldn’t keep my food down.
Costco Return Counter: Ok, sign here. By the way, fifth return today, for the same reason…:slight_smile:

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:smile: :smile:

We bought during the 2011 downturn and were the only offer on the house, underbid by 25k with closing costs back to us and had an FHA loan with only 3.5% down, so yeah it would be like normal or even better I would think if that happened again.

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Only your house will drop by 20% due to an unfortunate turn of event. The rest of the houses around you shoot up in value by 20%.

:smile: :smile:

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I read a story in January about a customer returning a live christmas tree at costco because it died. They take anything back.

Costco’s policy is stupid. Keep making fun of them for it…

you keep going to costco, though, no?

Me? No! I stopped going to big-bulk stores about 20 years ago when I stopped buying office supplies in bulk for a place I worked.

My husband challenged me top stop because he felt that as a family of 2 in a small apartment, it wasn’t a good idea to be buying 12 packs of stuff. I said I’d try it. Then I realized that there are stores that make their money by keeping prices so low that they’re always full (very full–16 registers with 2-3 people in line at all times). So I started shopping there instead.

Only time I walk into Costco now is if my parents are in town. And I regret it every time. Always come out with something I didn’t need and should’ve researched better before buying.

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