[permabear]

Nah, you’ve got to read up on the history of Assange. Plenty of corroborated accounts as to how he’s been extremely anti-establishment since his college years. I think he’s one of those guys who would love to see the world burn. But as a means to an end – peeling away the ridiculous corporate-owned fabrication passing for “free press” in the US these days – he’s fantastic.

[permabear]

Nah, you’ve got to read up on the history of Assange. Plenty of corroborated accounts as to how he’s been extremely anti-establishment since his college years. I think he’s one of those guys who would love to see the world burn. But as a means to an end – peeling away the ridiculous corporate-owned fabrication passing for “free press” in the US these days – he’s fantastic.

[permabear]

Nah, you’ve got to read up on the history of Assange. Plenty of corroborated accounts as to how he’s been extremely anti-establishment since his college years. I think he’s one of those guys who would love to see the world burn. But as a means to an end – peeling away the ridiculous corporate-owned fabrication passing for “free press” in the US these days – he’s fantastic.

[permabear]

Local vs. state vs. national trends are hard to distinguish.

High-paid workers are doing ok. But there’s a chasm. Uneducated or “manual labor” or “admin” or “clerk” or “apprentice” or “assistant” or whatever you want to call them jobs are evaporating. Blame computers.

I don’t think this is a short-term trend. Like the auto industry, automation and computers and Google Docs and Docusign and Adobe and VMWare and Amazon Cloud and Redfin are going to permanently eliminate jobs. I ran into an ex-employee from an ex-company at Trader Joe’s the other day (an admin assistant) and she’s been out of work over 2 years. She was not that good – nice, a great person, but poor at her job. I doubt she will EVER get another job without significant restraining.

But:

All that said, it’s somewhat irrelevant to CAR’s point. The point was whether enough people would be left to buy real estate at current prices.

No.

Computers can’t buy real estate. And the remaining employed are not at 200% or 300% of previous salaries, which would enable them to buy the houses of those that are now making 0%.

I don’t claim to know the future, but the pool of available buyers seems to continue to shrink.

[permabear]

Local vs. state vs. national trends are hard to distinguish.

High-paid workers are doing ok. But there’s a chasm. Uneducated or “manual labor” or “admin” or “clerk” or “apprentice” or “assistant” or whatever you want to call them jobs are evaporating. Blame computers.

I don’t think this is a short-term trend. Like the auto industry, automation and computers and Google Docs and Docusign and Adobe and VMWare and Amazon Cloud and Redfin are going to permanently eliminate jobs. I ran into an ex-employee from an ex-company at Trader Joe’s the other day (an admin assistant) and she’s been out of work over 2 years. She was not that good – nice, a great person, but poor at her job. I doubt she will EVER get another job without significant restraining.

But:

All that said, it’s somewhat irrelevant to CAR’s point. The point was whether enough people would be left to buy real estate at current prices.

No.

Computers can’t buy real estate. And the remaining employed are not at 200% or 300% of previous salaries, which would enable them to buy the houses of those that are now making 0%.

I don’t claim to know the future, but the pool of available buyers seems to continue to shrink.

[permabear]

Local vs. state vs. national trends are hard to distinguish.

High-paid workers are doing ok. But there’s a chasm. Uneducated or “manual labor” or “admin” or “clerk” or “apprentice” or “assistant” or whatever you want to call them jobs are evaporating. Blame computers.

I don’t think this is a short-term trend. Like the auto industry, automation and computers and Google Docs and Docusign and Adobe and VMWare and Amazon Cloud and Redfin are going to permanently eliminate jobs. I ran into an ex-employee from an ex-company at Trader Joe’s the other day (an admin assistant) and she’s been out of work over 2 years. She was not that good – nice, a great person, but poor at her job. I doubt she will EVER get another job without significant restraining.

But:

All that said, it’s somewhat irrelevant to CAR’s point. The point was whether enough people would be left to buy real estate at current prices.

No.

Computers can’t buy real estate. And the remaining employed are not at 200% or 300% of previous salaries, which would enable them to buy the houses of those that are now making 0%.

I don’t claim to know the future, but the pool of available buyers seems to continue to shrink.

[permabear]

Local vs. state vs. national trends are hard to distinguish.

High-paid workers are doing ok. But there’s a chasm. Uneducated or “manual labor” or “admin” or “clerk” or “apprentice” or “assistant” or whatever you want to call them jobs are evaporating. Blame computers.

I don’t think this is a short-term trend. Like the auto industry, automation and computers and Google Docs and Docusign and Adobe and VMWare and Amazon Cloud and Redfin are going to permanently eliminate jobs. I ran into an ex-employee from an ex-company at Trader Joe’s the other day (an admin assistant) and she’s been out of work over 2 years. She was not that good – nice, a great person, but poor at her job. I doubt she will EVER get another job without significant restraining.

But:

All that said, it’s somewhat irrelevant to CAR’s point. The point was whether enough people would be left to buy real estate at current prices.

No.

Computers can’t buy real estate. And the remaining employed are not at 200% or 300% of previous salaries, which would enable them to buy the houses of those that are now making 0%.

I don’t claim to know the future, but the pool of available buyers seems to continue to shrink.

[permabear]

Local vs. state vs. national trends are hard to distinguish.

High-paid workers are doing ok. But there’s a chasm. Uneducated or “manual labor” or “admin” or “clerk” or “apprentice” or “assistant” or whatever you want to call them jobs are evaporating. Blame computers.

I don’t think this is a short-term trend. Like the auto industry, automation and computers and Google Docs and Docusign and Adobe and VMWare and Amazon Cloud and Redfin are going to permanently eliminate jobs. I ran into an ex-employee from an ex-company at Trader Joe’s the other day (an admin assistant) and she’s been out of work over 2 years. She was not that good – nice, a great person, but poor at her job. I doubt she will EVER get another job without significant restraining.

But:

All that said, it’s somewhat irrelevant to CAR’s point. The point was whether enough people would be left to buy real estate at current prices.

No.

Computers can’t buy real estate. And the remaining employed are not at 200% or 300% of previous salaries, which would enable them to buy the houses of those that are now making 0%.

I don’t claim to know the future, but the pool of available buyers seems to continue to shrink.

[permabear]

It’s crazy to me (having been in SD almost 20 years now) that Carlsbad has become so expensive. I still remember when it was in the deserted boonies, like Poway. Crazy.

Regarding the original post: $50? Who cares?

[permabear]

It’s crazy to me (having been in SD almost 20 years now) that Carlsbad has become so expensive. I still remember when it was in the deserted boonies, like Poway. Crazy.

Regarding the original post: $50? Who cares?

[permabear]

It’s crazy to me (having been in SD almost 20 years now) that Carlsbad has become so expensive. I still remember when it was in the deserted boonies, like Poway. Crazy.

Regarding the original post: $50? Who cares?

[permabear]

It’s crazy to me (having been in SD almost 20 years now) that Carlsbad has become so expensive. I still remember when it was in the deserted boonies, like Poway. Crazy.

Regarding the original post: $50? Who cares?

[permabear]

It’s crazy to me (having been in SD almost 20 years now) that Carlsbad has become so expensive. I still remember when it was in the deserted boonies, like Poway. Crazy.

Regarding the original post: $50? Who cares?

[permabear]

Completely agree with threadkiller.

Retrofit windows are tacky and I personally think they lower property value significantly. I would lower a purchase offer on a home with retrofit vinyls by at least $50k just because I would view tearing out and replacing all the windows as a necessity.

Go for a “new construction” window (meaning, you have to tear out the old ones, install, and restucco/etc). On the plus side, it gives you an opportunity to move around windows somewhat with minimal cost. You can easily make windows taller by extending them towards the ground (1940’s homes often had windows that were higher up the wall than current homes).

I did this at my last home, and was able to combine two 40″ windows into a single 96″ wide picture window, because the header running across the windows was contiguous. It was transformational.

[permabear]

Completely agree with threadkiller.

Retrofit windows are tacky and I personally think they lower property value significantly. I would lower a purchase offer on a home with retrofit vinyls by at least $50k just because I would view tearing out and replacing all the windows as a necessity.

Go for a “new construction” window (meaning, you have to tear out the old ones, install, and restucco/etc). On the plus side, it gives you an opportunity to move around windows somewhat with minimal cost. You can easily make windows taller by extending them towards the ground (1940’s homes often had windows that were higher up the wall than current homes).

I did this at my last home, and was able to combine two 40″ windows into a single 96″ wide picture window, because the header running across the windows was contiguous. It was transformational.

[Author]

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