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FlyerInHi.
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February 13, 2017 at 11:15 AM #805538February 13, 2017 at 12:27 PM #805539
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Participant[quote=The-Shoveler]Sanders understood this, the Dem’s establishment centered mind set just could not (would not) run an honest election so we got Trump.
Had the Dem’s run an honest election and nominated Sanders, Sanders would have won.
Of course a lot of the establishment (drug and insurance companies and Banks etc..) would be just as unhappy with Sanders.[/quote]
By this do you mean to imply that you think drug and insurance companies and banks are unhappy with trump?
February 13, 2017 at 1:04 PM #805540FlyerInHi
GuestShoveler, I would add that based on my experience, even in Vegas that is a very suburban, spread out city, I’m getting higher rent near the city. But in order to do that I had to remodel my properties to be in prestine conditions. Not a bad deal since the acquisitions costs were low.
In San Diego, place like North Park are getting very high rents. And resales are very high too. The opportunity ship has already sailed.
As the retail stores die off, we need enough density to support entertainment and restaurants.
February 22, 2017 at 12:57 AM #805708GuestI watched Class Divide on HBO. Great documentary on real estate in Manhattan.
Too many things to think about. As a small time gentrifier myself the movie made me rethink my role in the changing landscape of real estate.
http://www.hbo.com/documentaries/class-divide
The filmmaker, himself a gentrifier, might be displaced by hypergentrification. Unless you have $ millions for an apartment plus the annual taxes and maintenance, the neighborhood is not for you.
http://www.nypress.com/local-news/20160926/chelsea-under-a-wide-lens
For parents out there, have you heard of Avenues, The World School? It’s going to be the school for the world elite opening in top cities, better than any international school
http://www.avenues.org/
https://en.m.wikipedia.org/wiki/Avenues:_The_World_SchoolFebruary 22, 2017 at 6:25 AM #805709spdrun
ParticipantFiH – the NYC bubble might have been pricked. Sales of high-end condos are falling, rents are falling in most wealthier areas.
March 25, 2017 at 4:02 PM #806137GuestThe big metros drive the economy. That’s where wealth is created
https://www.washingtonpost.com/news/worldviews/wp/2017/03/20/trump-and-the-populists-see-themselves-at-war-with-big-cities/?tid=hybrid_content_3_na&utm_term=.869e6c5788d0
Steve Bannon is so right. I have more in common with people in Berlin than people in Kansas.“There are people in New York that feel closer to people in London and in Berlin than they do to people in Kansas and in Colorado,” Steven K. Bannon, now the White House’s chief strategist, complained at a meeting with European conservatives three years ago. “And they have more of this elite mentality that they’re going to dictate to everybody how the world’s going to be run.”
March 25, 2017 at 8:47 PM #806138
svelteParticipant[quote=FlyerInHi]Steven K. Bannon, now the White House’s chief strategist, complained at a meeting with European conservatives three years ago. “And they have more of this elite mentality that they’re going to dictate to everybody how the world’s going to be run.”[/quote]
Oh give me a break. Rural folks think they are going to dictate also. They want to dictate who we can marry (anti-gay marriage). They want to spread Christianity and enforce it through law. They want to dictate what we put in our body (anti-MJ). And they want to dictate what medical procedures we have access to (anti-abortion).
No different that urban folk, just different issues. So don’t feed me the BS that it’s only the urban folk with a grand view on how the world should be….absolute rubbish.
March 26, 2017 at 12:14 PM #806141Guest[quote=svelte]
Oh give me a break. Rural folks think they are going to dictate also. They want to dictate who we can marry (anti-gay marriage). They want to spread Christianity and enforce it through law. They want to dictate what we put in our body (anti-MJ). And they want to dictate what medical procedures we have access to (anti-abortion).
No different that urban folk, just different issues. So don’t feed me the BS that it’s only the urban folk with a grand view on how the world should be….absolute rubbish.[/quote]
That is so true.
Rural folks want to impose retrograde values on all of us. They are very invested in those values and hang on very tight.
Problem with cosmopolitans is that we are complacent about hard-won rights. We take them for granted and move on, as we should because life goes on. But that complacency leads to period of setbacks. Thankfully, in the end progressive values always win. However, if it’s something that affects you, then it sucks to be caught in those dark periods.
The nation state is not serving urbanites well. In the 21st century, the big educated cites of the world have shared values and much stronger economic and financial links, but we are kept apart. That’s damaging freedom of movement and trade and inhibiting creativity and wealth generation.
April 11, 2017 at 10:36 AM #806265GuestLondon after Brexit represents the ultimate rural urban devide. 21st century cosmopolitan values against porochial isolation.
Wonderful NYT article.
https://www.nytimes.com/interactive/2017/04/11/world/europe/100000005029190.mobile.htmlJuly 17, 2017 at 9:21 AM #807203GuestAnother example of companies moving to urban areas. The internet is helping cities prosper.
The migration to urban centers threatens the prosperity outlying suburbs have long enjoyed, bringing a dose of pain felt by rural communities and exacerbating stark gaps in earnings and wealth that Donald Trump capitalized on in winning the presidency.
August 19, 2017 at 10:01 AM #807696GuestSurburban business parks are urbanizing.
The slow death of retail means that dinning and entertainment, and services will drive the next stage of brick and mortar business.Interestingly, Walmart is selling more food. Food is now 1/2 of revenue.
August 20, 2017 at 11:23 PM #807703ucodegen
Participant[quote=FlyerInHi]
That might be bad. Someone maybe stuck in a $150k house outside of Peoria.[/quote]That statement does not make any sense! $150K in a house one probably paid $50k for and owe nothing – vs $750k for a house that one serially refi’d to try to keep their head above water in the payments – and are effectively underwater.
With the first, the owner also probably have some money set aside. The second will be running on vapors – with nothing set aside. Now who really is ‘stuck’? The person who could decide to take a bit of a cut on selling a $150k house to get it moved on the market – or a person who is upside down and needs to get the bank to agree to a short sale in order to get it off their hands.
Earnings, costs, taxes etc are all relative. What isn’t is how far above water you are, or whether you are above water at all.
August 21, 2017 at 1:14 PM #807706millennial
ParticipantHonestly I feel bad for the guy in Peoria. My parents are still trying to sell their $100,000 home (which they bought in 1983 for $50,000)just outside Detroit for about 5 months now. Yes they own it free and clear, but I think at this point they will need to take a 25% haircut to get it sold. Meanwhile, absorption in my neighborhood in SD is within days, or weeks. Also not sure how much a $50,000 house in SD would get you in 1983, but I guarantee the appreciation would make it a much better investment.
Also, when looking at statistics of those owing money vs. those owning a home free and clear the data is slightly skewed because many of those in the city are much younger; therefore making the data much more irrelevant.
August 22, 2017 at 3:11 PM #807724Participant[quote=millennial]Meanwhile, absorption in my neighborhood in SD is within days, or weeks. Also not sure how much a $50,000 house in SD would get you in 1983, but I guarantee the appreciation would make it a much better investment.[/quote] Maybe, if you could afford the monthly. $50k would not have bought you much in SD in 1983. 1983, Mira Mesa 3 bed 2 bath was about $130k. I was renting a house with a bunch of roomates – house sold in 1985 for $179k. The time to have bought was around 1980 or before. Prices for this home went down to $350k in 2009. They are now back up to approx $560k according to zillow. I suspect these houses will be very sensitive to interest rates.
August 29, 2017 at 10:01 PM #807755Essbee
ParticipantI remember checking out some of the Del Mar Highlands model homes back in early 1986. This was Carmel Valley way back before that name came about… it was considered to be Del Mar or even North City West on the maps. I was in 5th grade and we had just moved to San Diego from the Midwest. I recall that an attached townhouse or duplex was $109,000. That seemed way out of reach for us at the time. But I guess it would have been a great investment. 🙁 I’ve thought about that many times since then.
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