Look what you can get for $1.7M in LA!

[gotbeer]

San Francisco says hold my beer.  

House in dire need of repair sells for $2 million in San Francisco

Quote

On the social media page Zillow Gone Wild, some commenters marveled at the price while others questioned the value of a house with boarded-up windows, peeling paint and an unstable foundation.

 

[Blarg]

Rich people are retarded when it comes to money sometimes. 

[Taylor]

1 hour ago, Blarg said:

Rich people are retarded when it comes to money sometimes. 

Pssh, the rich people in California are buying $15M homes. $2M homes are basically middle class.

[Lou]

You want to know who is really retarded with money?

Poor people.

[Taylor]

I wonder how many posters here could easily afford a $1.7M home. 

[Blarg]

The purchase isn't the problem for us at this point it's the taxes. On a soon to be retirement income the tax burden eats through your savings pretty quick. 

[Blarg]

It is certainly creating class separation. That isn't a good thing. 

[Taylor]

21 minutes ago, Blarg said:

The purchase isn't the problem for us at this point it's the taxes. On a soon to be retirement income the tax burden eats through your savings pretty quick. 

But I thought the millennials just need to stop whining and work harder. 

[Taylor]

10 minutes ago, cals said:

It’s making the chance of me having a neighbor with a BLM sign in the yard a lot less.  That’s a good thing.

I'm now making it my goal to move into your neighborhood. See you soon!

[Blarg]

4 minutes ago, Taylor said:

But I thought the millennials just need to stop whining and work harder. 

I don't think you understand the nuance here of our conversation. It is based on living within your means rather than what you can afford today. 

[Lou]

On 7/23/2021 at 8:48 AM, Lou said:

I just offered $17,800.

Wish me luck.

I got it! 

[Blarg]

You paid too much. 

[Taylor]

6 minutes ago, Blarg said:

I don't think you understand the nuance here of our conversation. It is based on living within your means rather than what you can afford today. 

Gotcha. Just remember that living within your means also involves taking taxes into account. Death and taxes, you know.

[Lou]

I'm renting it out to Taylor.

[Blarg]

4 minutes ago, Taylor said:

Gotcha. Just remember that living within your means also involves taking taxes into account. Death and taxes, you know.

Maybe you missed something along the way in this discussion. 

[Blarg]

4 minutes ago, Lou said:

I'm renting it out to Taylor.

As is with no landlord support for non working utilities. Don't want to spoil him. 

[Taylor]

14 minutes ago, Lou said:

I'm renting it out to Taylor.

Renting what out?

[Lou]

7 minutes ago, Taylor said:

Renting what out?

A beautiful house in an up-and-coming neighborhood.

[Lou]

https://www.ocregister.com/2021/10/28/millennial-homeownership-rates-lag-the-national-average

[Taylor]

14 minutes ago, Pine Trees said:

makes sense. millennials are the worst saving gen and value home ownership the least.

down payment is typically the number one reason millennials claim they can't buy. can't save 3%? you needed 20% 40 years ago which is still significantly higher than today's 3%. 

yet about 45% of millennials own homes.

It's almost as if housing costs have increased far quicker than the rate of inflation.

[AngelsFaninGA]

If you want to pay $1m+ to live near a major city and deal with the taxes, traffic, pollution, etc, that's just a personal choice and I don't really see how that's a problem related to housing price inflation. There are still plenty of areas in the US with affordable house prices, and you could always explore options outside the US (since most jobs these days that pay well enough to support buying a house to begin with are gradually switching to remote anyway). 

I have a friend who bought a single floor condo in a walkup in Chicago for $770k. Another friend bought a house in the suburbs with 30% more square footage for $550k. Both work remote, and the guy in the suburbs does more activities in the city anyway, while the other just complains about noise and taxes while standing firm in his decision. Never understood this honestly. 

[Taylor]

40 minutes ago, Pine Trees said:

real estate appreciates faster than inflation. that means buy as soon as can. priced out? move or change careers. and take steps that help with buying: build great credit, save money and invest, have a stable work history, make yourself more valuable in the job market, and/or marry rich.

LOL, as if any of those things are easy for the vast majority of the population. Moving, changing careers, marrying rich aren't things that someone can just wake up and decide to do.

I say this as someone who was able to change careers recently, thanks to personal connections I have. And we'll likely be moving soon because of how expensive it's gotten in SoCal. But I recognize that not everyone has the same privileges I have.

[Taylor]

4 hours ago, Pine Trees said:

actually, that's exactly how you do it. you wake up and change your situation. significantly easier these days than for any previous generation. 

best of luck and congrats on your bright future.

How old are you? You sound like the kind of guy who thinks it's still possible to get a job by having a firm handshake.

[AngelsLakersFan]

42 minutes ago, Taylor said:

How old are you? You sound like the kind of guy who thinks it's still possible to get a job by having a firm handshake.

Imagine the amount of debt he went into earning that firm handshake degree.

[Blarg]

52 minutes ago, Taylor said:

How old are you? You sound like the kind of guy who thinks it's still possible to get a job by having a firm handshake.

He is R. Monkey, Rancho Santa Margarita's finest real estate agent,  returned to point out every one of Trout's doinks.