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November 11, 2012 at 2:42 PM in reply to: Big government and absurdly strong unions destroyed Greece and Spain. Expect no less for California. #754378November 11, 2012 at 2:24 PM in reply to: Big government and absurdly strong unions destroyed Greece and Spain. Expect no less for California. #754376
spdrun
ParticipantWhat y’all don’t realize is that other places have un-capped property taxes. So CA is just making up revenue that would come from R.E. taxes in other states.
Plus California sends more tax money per citizen to the pigs in DC than it gets back in subsidies for things like education. Unfair system that doesn’t account for living costs, but there you have it. (Which is why I’m a supporter of both Californian and Northeastern secession in the long run, and think that Lincoln was one of the worst presidents ever — should have let the South leave and good riddance.)
Welfare vs subsidizing states:
California got back $0,79 per dollar paid in as of 2009. Injun Territory got back $1,36.
ParticipantYou can buy some pretty good rat poison. Just drop enough out the window that it will be gone by morning. Scatter it well so domesticated animals won’t by chance get a dangerous dose. Rats would be wiped out pretty quickly.
The problem has been gone for about a year, so no worries right now.
November 11, 2012 at 1:51 PM in reply to: Big government and absurdly strong unions destroyed Greece and Spain. Expect no less for California. #754369ParticipantAlso, do you leave your properties behind or sell?
Sell if you’re above water, they can’t be rented at a profit, and there are properties in OK that can be. Leave behind if they can be rented at a profit of at least 20% of PITI or if you’d need to short-sell. You just need to find a nice guy or gal who’s somewhat hand as a tenant, so they can fix minor issues instead of needing a managing agent.
November 11, 2012 at 1:48 PM in reply to: Big government and absurdly strong unions destroyed Greece and Spain. Expect no less for California. #754368ParticipantLOL, OK is not the “dust bowl” of yesteryear anymore. In the early to mid-fifties, it started dredging its rivers and built several large beautiful man-made lakes … complete with dams and islands 🙂
Not ALL of the “bible belt” is in the middle of the plains or desert. The aerial view of Tulsa in the fall is gorgeous as it is heavily treed all throughout the city as well as around its beautiful surrounding lakes.
I know that. I was just commenting on the reversal of old migration patterns. If anything, inner/Southern California has become somewhat of an (economic, if not literal) dustbowl right now.
November 11, 2012 at 1:26 PM in reply to: Big government and absurdly strong unions destroyed Greece and Spain. Expect no less for California. #754363ParticipantSpeaking of the “bible-belt”, I know that TX didn’t have a bubble because they actually had stricter restrictions on mortgages and HELOCs than many of the “liberal” states. LTV is capped at 80%, only one HELOC is allowed, and HELOCs on primary residence were prohibited till the early 2000s. Those restrictions date from the 1800s and aren’t recent.
Re: Oklahoma – guess the great migration is reversing itself 🙂
Speaking to SF, I looked at Craigslist apt listings there recently out of curiosity. The place seems to have become more outrageously expen$ive than even Manhattan of late. $2k/mo for a sh!tty studio in a mediocre area? Nothx.
ParticipantHopefully it will backfire and cause things to crash down to mid-late-2011 levels temporarily.
November 10, 2012 at 12:35 PM in reply to: Foxconn Sees New Source of Cheap Labor: The U.S.A. #754318ParticipantExcept that a lot of intelligent engineering types prefer California to nowhere states like AZ and NV (Texas is a bit better depending where you are). Note that Silicon Valley is still in Silicon Valley, not in Poenis, Lost Wages, or Austin!
ParticipantFrom what I understand even If implemented everything we would still run a defect.
Time to cut .mil spending even more than by a paltry $55 billion, then. Get to it. Oh yeah, and legalize soft drugs, cutting DEA and fed law enforcement budget (including funding to locals) by 50% as well. We’re overpoliced and overimprisoned as it is.
ParticipantYou’ve got to be kidding — when they started the construction on the riverfront near me (replacing the foot-overpass over the highway), my building’s back alley was suddenly infested with prime examples of R. Norvegicus. Thankfully ended once construction was done — hearing squeeeek, squeek, squ outside my bedroom window at 3 am got old.
ParticipantThat’ll buy you 2000 SF Ranch home on 1/4 quarter in Austin with enough money left over to run a full rehab on the property.
But then you’d have to live in Texas, which is a nice place to visit. Also, property taxes in TX aren’t cheap.
November 9, 2012 at 11:29 AM in reply to: Foxconn Sees New Source of Cheap Labor: The U.S.A. #754250ParticipantApparently, some are coming to the ‘troit — developer is building a development “for Chinese immigrants to allow them to attend UMich at in-state rates.”
(not sure if this will fly well — bet they’ll raise the residency requirement, plus there are non-discrimination rules unless it’s set up as a co-op).
November 9, 2012 at 10:44 AM in reply to: Foxconn Sees New Source of Cheap Labor: The U.S.A. #754243ParticipantDeeee-TROIT? Problem will be attracting intelligent engineering talent to a festering rat-hole like that.
November 9, 2012 at 10:31 AM in reply to: Foxconn Sees New Source of Cheap Labor: The U.S.A. #754238ParticipantBut the people who maintain the robots can the unionized. We have a long way to go before automated lines are self-maintaining and self-managing.
Secondly, Taiwan is officially China … as in the Republic of. The rest of China has just illegally seceded. 🙂
ParticipantDoesn’t apply to me since my primary’s condo board didn’t permit it and it’s not for investors, but aren’t there still FNMA loans with 3% down, assuming other criteria are met? I’d assume most people have $6-10k lying around somewhere.
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