[scaredyclassic]

[quote=flyer][quote=scaredyclassic][quote=flyer]Agree that all things temporary, such as our lives on earth, may seem futile when you look at the big picture, and I have long ago embraced that fact.

Of course, as a society, doing our best to avoid environmental catastrophe and the extinction of humanity, should be of concern to all us now, and especially wrt future generations. I’m sure many of us are involved in those efforts, but, for the purposes of the discussions on this forum, I think it’s helpful to share information wrt real estate, since shelter is, and always has been, a big part of our temporary human experience.[/quote]

Agreed. On the dying slag heap of soon to be devastated, suffering humanity, I definitely would like to be toward the upper portion of the heap, in such a position that I can leverage my boot into the face of the less well off so I can grab a bit more of the last remaining resources and survive in slightly more comfort until the end of civilization, when that comes. I’m sure many of us on the board,, and hopefully our offspring, are similarly well positioned to profit off such face stomping in the future.[/quote]

Scaredy, I honestly don’t believe most people feel that way about others, and I know we don’t. Although we can’t help everyone, by choice, over the years, we’ve helped many people outside of our family with college, housing, medical–you name it–and, know, by the outcomes, we changed some lives for the better in the process. A lot of people talk helping those in need–and even use them as pawns to make a point–but that doesn’t mean much, unless you take some action to effect measurable change.[/quote]

When it comes down to it, we all feel that way. Hypothetical: either you sacrifice 99 perc of your assets or 10 random people in the USA die.

[scaredyclassic]

[quote=flyer]Agree that all things temporary, such as our lives on earth, may seem futile when you look at the big picture, and I have long ago embraced that fact.

Of course, as a society, doing our best to avoid environmental catastrophe and the extinction of humanity, should be of concern to all us now, and especially wrt future generations. I’m sure many of us are involved in those efforts, but, for the purposes of the discussions on this forum, I think it’s helpful to share information wrt real estate, since shelter is, and always has been, a big part of our temporary human experience.[/quote]

Agreed. On the dying slag heap of soon to be devastated, suffering humanity, I definitely would like to be toward the upper portion of the heap, in such a position that I can leverage my boot into the face of the less well off so I can grab a bit more of the last remaining resources and survive in slightly more comfort until the end of civilization, when that comes. I’m sure many of us on the board,, and hopefully our offspring, are similarly well positioned to profit off such face stomping in the future.

[scaredyclassic]

This may all be rearranging deck chairs on the titanic, as all civilation crumbles from environmental catastrophe. But there’ll be some nice rebounds on the way down, keep alert for dead planet bounces.

I don’t care if humans go extinct, I just want to make a buck as we die out

[scaredyclassic]

[quote=sdrealtor][quote=scaredyclassic][quote=sdrealtor][quote=deadzone][quote=sdrealtor][quote=deadzone]I’m not a gambler, I’m an “investor”. And my current investment strategy has been shorting housing stocks and it is doing quite well and the future looks even brighter.

meanwhile, I don’t want to take your money, as I stated many times, I will be more than satisfied just in knowing that your net worth was vaporized by 30-50% during this crash.[/quote]

The very definition of bitter envy. I wish everyone success and prosperity. This loser wants shared misery[/quote]

I wish for lower home prices for all. If it requires you to lose 50% of your wealth to get there that’s fine. You are wealthy enough you won’t even notice it.[/quote]

I know I’ve taken it to him but this is just what you got with him. A full 2/3 of the households in this country are homeowners. Of the remaining 1/3 I’d surmise no more than 1/3 of those would ever realistically get there. That’s maybe 10% of the population that could benefit from a 50% fall damaging 66%. That makes no sense and never did. This was never about putting anyone in a better position except him the rest be dammed.[/quote]

Wait. What about young people? Statically this makes sense…but what about the future[/quote]

The answer is it will take time to reprice assets and trying to rush it would do more damage than good. Let the passage of time do its thing. Until then your not done with the kids when they finish college. More support to be given[/quote]

Argh!

[scaredyclassic]

[quote=sdrealtor][quote=deadzone][quote=sdrealtor][quote=deadzone]I’m not a gambler, I’m an “investor”. And my current investment strategy has been shorting housing stocks and it is doing quite well and the future looks even brighter.

meanwhile, I don’t want to take your money, as I stated many times, I will be more than satisfied just in knowing that your net worth was vaporized by 30-50% during this crash.[/quote]

The very definition of bitter envy. I wish everyone success and prosperity. This loser wants shared misery[/quote]

I wish for lower home prices for all. If it requires you to lose 50% of your wealth to get there that’s fine. You are wealthy enough you won’t even notice it.[/quote]

I know I’ve taken it to him but this is just what you got with him. A full 2/3 of the households in this country are homeowners. Of the remaining 1/3 I’d surmise no more than 1/3 of those would ever realistically get there. That’s maybe 10% of the population that could benefit from a 50% fall damaging 66%. That makes no sense and never did. This was never about putting anyone in a better position except him the rest be dammed.[/quote]

Wait. What about young people? Statically this makes sense…but what about the future

[scaredyclassic]

[quote=bewildering][quote=sdrealtor]Not close to as bad, not the same planet, not the same universe. In 08/09 we were dealing with loans from folks that couldnt payback what they borrowed at 0% interest. The existing loans out there are nearly all very high quality. Any future loans made will be also. There is still massive demand for homes from high quality credit folks. What is out of whack at the moment is affordability. This is simply a pricing issue for loans, MBS and homes that will work itself out over the next few years without a crash[/quote]

Thanks.

Yeah, I am guessing that existing loans are fine as people have priced in with very low-interest rates. although I guess the banks that held on to those loans are now losing money?

What I am curious about is how a bank would fund a mortgage at 6% when inflation is at 9%. I guess that the banks are thinking that inflation will drop eventually and the 6% loan will make money?

I am originally from Europe where people do not get fixed loans for 30 years. Precisely because the banks would lose real money if the inflation gets above the interest rate. My sister is concerned at her monthly mortgage going up by ~$500 when she next renews the mortgage (every few years it gets adjusted with her partilar typ eof laon).[/quote]

The bank sells the loan. Some entity buys it for some weird reason. It is bewildering.

[scaredyclassic]

on the other hand, life probably sucked thousands of years ago too. But at least they left the planet inhabitable for us.

[scaredyclassic]

[quote=vproman]Just moved from the Bay Area. I noticed that conservatives up there have their knives out for Boudin. Didn’t think much of him, until I saw this report about the SFPD refusing to help bust the ringleader of a car burglary syndicate.
https://www.kron4.com/news/bay-area/boudin-forced-to-rent-u-haul-because-sfpd-too-busy-to-help-with-bust/

Seems like the PD response to budget cuts is to just refuse to do their jobs. Makes me think of the Uvalde police hanging back while the shooter went in and killed all those kids. People who refuse to do their jobs should be fired, IMO.[/quote]

I don’t think they have any legal duty to rush into harms way.

But anyway, 911 is a joke, according to PUBLIC ENEMY.

Cool song, 911 is a joke, really old, guess we are all just figuring that out.

[scaredyclassic]

get a bullshit job, ya freeloader….

Bullshit Jobs: A Theory is a 2018 book by anthropologist David Graeber that postulates the existence of meaningless jobs and analyzes their societal harm. He contends that over half of societal work is pointless, and becomes psychologically destructive when paired with a work ethic that associates work with self-worth.

[scaredyclassic]

Is homelessness a feature or a bug? Capitalism requires losers. Maybe more homeless people means our system is working?

https://www.bloomberg.com/news/articles/2020-05-13/what-causes-homelessness-start-with-capitalism

[scaredyclassic]

I see no technology that a problem can’t solve. Maybe Ted k. Was not entirely nuts. True, bombing people is bad, but the manifesto has aged pretty well, from it’s opening declaration onward…

“The Industrial Revolution and its consequences have been a disaster for the human race. They have greatly increased the life-expectancy of those of us who live in “advanced” countries, but they have destabilized society, have made life unfulfilling, have subjected human beings to indignities, have led to widespread psychological suffering (in the Third World to physical suffering as well) and have inflicted severe damage on the natural world. The continued development of technology will worsen the situation.”

[scaredyclassic]

[quote=Coronita]Dude … Have you seen the price of baby formula lately, assuming you can find some?????

I don’t envy anyone how had an infant right now.

..Abbott’s Lab is basically shut down….

Contamination and supply chain issue.[/quote]

E bikes, breasts and oatmeal are the way forward

[scaredyclassic]

[quote=gzz]I have a baby but we have a 20lb surplus of mother’s milk in the freezer.

We looked into selling or donating it, goes as much as $5 an oz. The admin and handling work is too much.

We wanted to donate the cord, but the cord bank couldn’t take it because our trip to Cabo disqualified us based on some rare disease in Mexico.[/quote]

I think bodybuilders at gyms buy the stuff. I always felt rich when I had a freezer full of breast milk. I’d be like, baby we are loaded!!! Ultimately every last drop was consumed. By tiny humans. I only tried a few drops.

A 20 lb surplus is so milkily beautiful

[scaredyclassic]

I saw a tiny Ziploc bag of arugula at farmers market for $7.00. by weight, I think weed is now officially cheaper than organic arugula.

[scaredyclassic]

Mocktail suggestion.

I used to drink a lot of micheladas, but when I quit the booze, I moved to flavored seltzer and tomato juice. Very cheap cocktail indeed. I drink them all the time. Hydrating and kind of like a micheladas a little.

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