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June 24, 2021 at 6:55 AM in reply to: Reminder: People never shut up about crypto gains, never mention the losses #822269The-ShovelerParticipant
LOL the whole idea that a number generated by a computer algorithm and based on no other use or value other than its uniqueness (in which there could be literally millions more computer algorithm based coins with different names started every day) could be worth thousands of dollars is just completely insane to me.
The-ShovelerParticipant“All of this was normal in the Tenderloin area before, but now it has spread all over the city.”
Same in LA used to be confined to skid row in downtown, now its all over the city (and not just the downtown parts).
The-ShovelerParticipantDon’t know about SF, but LA the homeless situation is totally out of control.
They celebrate hiring several more homeless managers (for lack of better word) to hire more people to hand out more money and provide trash service to homeless encampments, meanwhile more homeless move in.
The-ShovelerParticipantWhile touring china I saw quite a few good Chinese comedies and romantic comedies (with English subtitles).
They were really good and very funny.
The-ShovelerParticipantSo far I have never regretted buying a house.
But I have regretted selling a house.
Note: I would not buy a house I did not intend to hold at least 10 years.
The-ShovelerParticipantYea it seems amazing how hot CA’s economy is right now.
IMO SoCal housing still has a ways to run yet (maybe a few more years).The-ShovelerParticipantWe seem to be losing people (quitting) at a record rate.
The-ShovelerParticipantIMO going to need to start geo-engineering.
Young people here are probably on board, but what about India, China and especially Africa.
It is pointless unless they are on board as well which is a much much harder sell IMO.
Agriculture/Food and container ships are the biggest emitters, try selling that to someone living hand to mouth everyday.
The-ShovelerParticipantIf I remember the last time this came up in CA.
Agriculture is 80 percent of water use in California, I think it is likely the same in AZ and UT.
iMO it is not really so much about housing/industrial growth etc… but more about how we are going to grow food and what we eat in the future, housing growth is really a non-issue but it makes great headlines LOL.
I really don’t want to get into the whole climate change debate. but it is largely the same, it is popular to blame it on cars/suburbia etc.. but in reality cargo ships and Agriculture emit far more. If you to want to realty help, stop buying so much crap from Costco LOL.
It is almost pointless IMO, for every ton of greenhouse gas the USA removes, China, Africa and India probably add about three.
The-ShovelerParticipant“It’s recall insurance. Nothing more”
LOL it amazes me the games politicians play and get away with.
When I think about the above it reminds me of Garcetti pretending to try to fix the homeless problem.
The-ShovelerParticipantIMO The whole combo of housing stimulus will have a large impact especially in sub-1M markets where buyers are only looking to put 3% or less down.
Not everywhere in CA is CV .
The-ShovelerParticipant[quote=Coronita]I take that back about houses being unaffordable and people starting out with lower income can’t afford to stay here.
Our glorious state is going to take care of this very soon, so everyone can buy a house….ha ha
https://www.businessinsider.com/california-dream-for-all-program-senate-democrats-new-home-costs-2021-6
“If you’re a Californian, the state wants to cover almost half the cost of your new home”Do it!
$1.9 -> 2.5 million in 92130 and $500-600k+ MM 1/1 condos here we come, lol!Once upon a time our fiat currency wasn’t so fiat. Print Baby, print!!! ha ha
[img_assist|nid=27391|title=|desc=|link=node|align=left|width=260|height=176][/quote]
I was seeing also the fed wanting to offer 25K grants for first time buyers (not passed yet!).
Must be why pension funds are buying up whole housing tracts as well.Oh Wow, this is going to make 2004-6 peak look small IMO
The-ShovelerParticipant[quote=sdrealtor][quote=Coronita]This is fvcked up…
https://www.redfin.com/CA/San-Diego/12549-El-Camino-Real-92130/unit-A/home/4516199
$1million in 92130 only affords you a 3/3 townhome. Not even a SFH… Wow.
3 months ago.. $130k less.
https://www.redfin.com/CA/San-Diego/12509-El-Camino-Real-92130/unit-D/home/4515866
Wages definitely not going to keep up with this bullshit.[/quote]
People need garages for their Bentleys[/quote]
Not sure about buyers remorse, but it is easy these days to have sellers remorse LOL.
The-ShovelerParticipant“Crypto baby!”
I heard somewhere there are 60.000 different block-chain crypto currencies out in the wild, (probably dozens being launched every day).
IMO so much for the scarcity argument.
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