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Borat
ParticipantI actually start with a base price of $250,000 in 2000 for above home, that leads to slightly under $400,000 in 2008 at 6% annual growth rate.
How many people do you know that have gotten 6% raises every year since 2000? Incomes have been flat or declining for the vast majority of folks (like those who buy San Marcos homes). I would wager that actual wage growth is more like 3% per year since then once you exclude all of those involved in the great housing scam of the early 2000s. So those $250K houses in 2000 should be worth somewhere around $316K today. Of course it overshot way way big on the way up so it is likely to undershoot on the way down IMO.
ParticipantI actually start with a base price of $250,000 in 2000 for above home, that leads to slightly under $400,000 in 2008 at 6% annual growth rate.
How many people do you know that have gotten 6% raises every year since 2000? Incomes have been flat or declining for the vast majority of folks (like those who buy San Marcos homes). I would wager that actual wage growth is more like 3% per year since then once you exclude all of those involved in the great housing scam of the early 2000s. So those $250K houses in 2000 should be worth somewhere around $316K today. Of course it overshot way way big on the way up so it is likely to undershoot on the way down IMO.
ParticipantI actually start with a base price of $250,000 in 2000 for above home, that leads to slightly under $400,000 in 2008 at 6% annual growth rate.
How many people do you know that have gotten 6% raises every year since 2000? Incomes have been flat or declining for the vast majority of folks (like those who buy San Marcos homes). I would wager that actual wage growth is more like 3% per year since then once you exclude all of those involved in the great housing scam of the early 2000s. So those $250K houses in 2000 should be worth somewhere around $316K today. Of course it overshot way way big on the way up so it is likely to undershoot on the way down IMO.
ParticipantI actually start with a base price of $250,000 in 2000 for above home, that leads to slightly under $400,000 in 2008 at 6% annual growth rate.
How many people do you know that have gotten 6% raises every year since 2000? Incomes have been flat or declining for the vast majority of folks (like those who buy San Marcos homes). I would wager that actual wage growth is more like 3% per year since then once you exclude all of those involved in the great housing scam of the early 2000s. So those $250K houses in 2000 should be worth somewhere around $316K today. Of course it overshot way way big on the way up so it is likely to undershoot on the way down IMO.
ParticipantHow much would the house rent out for?
Rents around there are all over the map depending on how long the owners have had the place. My guess for this is somewhere between $1800/mo and $2500/mo.
I had initially said $2500-4000 but now I see that it is only 1130sf! Not much bigger than a lot of apartments so it ain’t worth a lot…
ParticipantHow much would the house rent out for?
Rents around there are all over the map depending on how long the owners have had the place. My guess for this is somewhere between $1800/mo and $2500/mo.
I had initially said $2500-4000 but now I see that it is only 1130sf! Not much bigger than a lot of apartments so it ain’t worth a lot…
ParticipantHow much would the house rent out for?
Rents around there are all over the map depending on how long the owners have had the place. My guess for this is somewhere between $1800/mo and $2500/mo.
I had initially said $2500-4000 but now I see that it is only 1130sf! Not much bigger than a lot of apartments so it ain’t worth a lot…
ParticipantHow much would the house rent out for?
Rents around there are all over the map depending on how long the owners have had the place. My guess for this is somewhere between $1800/mo and $2500/mo.
I had initially said $2500-4000 but now I see that it is only 1130sf! Not much bigger than a lot of apartments so it ain’t worth a lot…
ParticipantHow much would the house rent out for?
Rents around there are all over the map depending on how long the owners have had the place. My guess for this is somewhere between $1800/mo and $2500/mo.
I had initially said $2500-4000 but now I see that it is only 1130sf! Not much bigger than a lot of apartments so it ain’t worth a lot…
ParticipantFinally, remember the power shortages a few years ago in California? With no new power plants in this state in several decades, what do you think is going to happen if a few million people start plugging their cars into the power grid?
Good point, they’d have no choice but to raise electricity prices and suddenly those old gasoline cars might start looking attractive again. And of course all of that electricity comes from burning oil and coal anyway. It’s good that people are thinking about the problems, but it doesn’t look like there are any easy answers. Most people are eventually going to have to drive less, fly less, consume less, and live in smaller places. Not necessarily bad things.
BTW, the power shortages in California had nothing to do with actual plant capacity and everything to do with criminal market manipulation by The Smartest Guys In The Room. Notice how the outages disappeared as suddenly as they appeared after Enron went belly-up — no new generating plants required.
ParticipantFinally, remember the power shortages a few years ago in California? With no new power plants in this state in several decades, what do you think is going to happen if a few million people start plugging their cars into the power grid?
Good point, they’d have no choice but to raise electricity prices and suddenly those old gasoline cars might start looking attractive again. And of course all of that electricity comes from burning oil and coal anyway. It’s good that people are thinking about the problems, but it doesn’t look like there are any easy answers. Most people are eventually going to have to drive less, fly less, consume less, and live in smaller places. Not necessarily bad things.
BTW, the power shortages in California had nothing to do with actual plant capacity and everything to do with criminal market manipulation by The Smartest Guys In The Room. Notice how the outages disappeared as suddenly as they appeared after Enron went belly-up — no new generating plants required.
ParticipantFinally, remember the power shortages a few years ago in California? With no new power plants in this state in several decades, what do you think is going to happen if a few million people start plugging their cars into the power grid?
Good point, they’d have no choice but to raise electricity prices and suddenly those old gasoline cars might start looking attractive again. And of course all of that electricity comes from burning oil and coal anyway. It’s good that people are thinking about the problems, but it doesn’t look like there are any easy answers. Most people are eventually going to have to drive less, fly less, consume less, and live in smaller places. Not necessarily bad things.
BTW, the power shortages in California had nothing to do with actual plant capacity and everything to do with criminal market manipulation by The Smartest Guys In The Room. Notice how the outages disappeared as suddenly as they appeared after Enron went belly-up — no new generating plants required.
ParticipantFinally, remember the power shortages a few years ago in California? With no new power plants in this state in several decades, what do you think is going to happen if a few million people start plugging their cars into the power grid?
Good point, they’d have no choice but to raise electricity prices and suddenly those old gasoline cars might start looking attractive again. And of course all of that electricity comes from burning oil and coal anyway. It’s good that people are thinking about the problems, but it doesn’t look like there are any easy answers. Most people are eventually going to have to drive less, fly less, consume less, and live in smaller places. Not necessarily bad things.
BTW, the power shortages in California had nothing to do with actual plant capacity and everything to do with criminal market manipulation by The Smartest Guys In The Room. Notice how the outages disappeared as suddenly as they appeared after Enron went belly-up — no new generating plants required.
ParticipantFinally, remember the power shortages a few years ago in California? With no new power plants in this state in several decades, what do you think is going to happen if a few million people start plugging their cars into the power grid?
Good point, they’d have no choice but to raise electricity prices and suddenly those old gasoline cars might start looking attractive again. And of course all of that electricity comes from burning oil and coal anyway. It’s good that people are thinking about the problems, but it doesn’t look like there are any easy answers. Most people are eventually going to have to drive less, fly less, consume less, and live in smaller places. Not necessarily bad things.
BTW, the power shortages in California had nothing to do with actual plant capacity and everything to do with criminal market manipulation by The Smartest Guys In The Room. Notice how the outages disappeared as suddenly as they appeared after Enron went belly-up — no new generating plants required.
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