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06-17-2021, 09:05 AM | #736 | |
Has a particular set of skills
Join Date: Dec 2003
Location: On the water
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Quote:
No one is getting mortgage loans that the banks know you cant afford as it was in 2008. I refinanced recently with the same company that has the current loan to take advantage of the lower rates. If I'm an idiot and not pay my mortgage. I'd lose $100'sK. They get that profit. It's a win/win for them. They still ran me through the ringer of paperwork. |
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Posts: 79,271
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06-17-2021, 09:55 AM | #737 | |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
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Quote:
The bigger issue we're starting to see in Colorado at least is that the people who work in certain areas aren't able to live there. That's becoming particularly problematic in mountain communities where there are tons of second home owners. You end up with a town where there are tons of empty houses but the workers are having to drive in from an hour away. And all those empty houses aren't spending money, so many businesses find it difficult to pay wages high enough to attract people from an hour away. Tough to say how it'll all play out, but it doesn't seem sustainable. |
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Posts: 51,982
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2 0 |
06-17-2021, 10:34 AM | #738 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Quote:
The 181,000 people number is only half the equation. The revenues have been declining because good wage earners have been moving an low wage earners keep moving in along with so many illegals. Your government is bloated as **** |
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Posts: 50,848
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06-17-2021, 10:46 AM | #739 |
Cheat Death
Join Date: Nov 2007
Location: Land of Drincoln
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While certainly different than '08 there seems something inherently risky about buying at peak boom. People are settling for homes or areas they might not have normally considered and going over asking prices just to get an offer accepted. Not sure how that shakes out, and maybe it doesn't negatively, but it seems the success stories coming out of '08 were based on getting in low.
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Posts: 34,124
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06-17-2021, 10:49 AM | #740 |
'Tis my eye!
Join Date: Aug 2000
Location: Chiefsplanet
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All I know is that I can't move because the market moves too ****ing fast.
Found a house the other day and it was sold in 10 hours. |
Posts: 100,022
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06-17-2021, 10:52 AM | #741 |
Banned
Join Date: Jan 2013
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And rents are skyrocketing out here as a result.
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Posts: 53,803
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06-17-2021, 11:10 AM | #742 |
The Maintenance Guy
Join Date: Sep 2005
Location: Renovated Bugeater Estate
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Posts: 70,443
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06-17-2021, 11:12 AM | #743 |
Banned
Join Date: Jan 2013
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Posts: 53,803
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06-17-2021, 11:14 AM | #744 |
The Maintenance Guy
Join Date: Sep 2005
Location: Renovated Bugeater Estate
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Posts: 70,443
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06-17-2021, 11:14 AM | #745 |
'Tis my eye!
Join Date: Aug 2000
Location: Chiefsplanet
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Posts: 100,022
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06-17-2021, 11:28 AM |
DaneMcCloud |
This message has been deleted by DaneMcCloud.
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06-17-2021, 11:31 AM | #746 | |
Supporter
Join Date: Sep 2000
Location: Hollywood, CA
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Quote:
Could you just give it a ****ing break and keep your politically motivated, horseshit posts in the DC? |
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Posts: 88,960
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2 0 |
06-17-2021, 11:37 AM | #747 | |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
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Quote:
https://www.ppic.org/blog/whos-leavi...hos-moving-in/ That's not to say that it's a good thing to force lower-income people out, of course. |
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Posts: 51,982
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06-17-2021, 11:40 AM | #748 |
Banned
Join Date: Jan 2013
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Posts: 53,803
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06-17-2021, 12:08 PM | #749 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Posts: 56,955
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06-17-2021, 12:28 PM | #750 | |
Would an idiot do that?
Join Date: Nov 2000
Location: Arizona
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Quote:
Of course $100k goes a lot further once you move out of CA, but it's also not McDonald's salary for CA, either. They probably should have broken down that range a bit to get a better idea in terms of income out, IMO. |
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Posts: 55,705
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