Obama Wiretapping Trump

[89Hen]

Housing has been grossly overvalued for about 50 years- actual values were about right in 1950 considering what you were paying for

If I hadn't bought in 1998 I couldn't afford to live in my house. I more than doubled my money (the banks money to be more accurate) from 98 to 2001 and got another 50% by 2005. At the height of the market I could have gotten triple what I paid, but it's backed off since then (contrary to what Cleetzangy says).

[Chizzang]

Trump is going to fix that...



I'm kinda not kidding
It'll crash as it should

BTW

This is my Comcast pet peeve

It literally makes me want to punch walls-

Housing has been grossly overvalued for about 50 years- actual values were about right in 1950 considering what you were paying for

Thats why I'm in the perfect situation right now- not having to buy... and when I retire I'm buying 48 foot long peripatetic house on water

screw em

BTW- price out the actual cost of materials and labor on your typical 2000 sq ft cookie cutter house

Its infuriating

Everything associated with the America dream has gone up exponentially in the past 40 years
Except middle class pay

Every chart you look at shows
Single Home housing / College Education / Automobile
all skyrocketing upward


If these things had simply doubled in price or even trippled we'd still be okay

Average New Car 1977: $3,800
Average annual College education including room and board: $2275
Average Home: $49,000

[89Hen]

If these things had simply doubled in price or even trippled we'd still be okay

Average New Car 1977: $3,800

Cars didn't offer a whole lot of amenities in 1977 and they sucked balls. Our kids don't know what "flooding an engine" is and they'll never sit at a red light hoping their car doesn't stall, or continue to idle after you turn off the car.... Crank windows, AM/FM radio with a couple of speakers, maybe had AC, might have been a manual transmission, seats were adjustable only forward and backward, etc... people want a lot more in a car now. Also if you simply adjusted for inflation, that number would be more than double or triple today.

[Chizzang]

If these things had simply doubled in price or even trippled we'd still be okay

Average New Car 1977: $3,800

Cars didn't offer a whole lot of amenities in 1977 and they sucked balls. Our kids don't know what "flooding an engine" is and they'll never sit at a red light hoping their car doesn't stall, or continue to idle after you turn off the car.... Crank windows, AM/FM radio with a couple of speakers, maybe had AC, might have been a manual transmission, seats were adjustable only forward and backward, etc... people want a lot more in a car now. Also if you simply adjusted for inflation, that number would be more than double or triple today.

This ^ response type is called "Obfuscated Data Response"
Burying the original simple point inside piles of random mostly irrelevant information

Indeed, 89hen
Technology has moved forward and prices reflect that
Homes are made better too
and college educations might be more complete as well

To the point:
Middle class salaries have basically tripled in 40 years (More accurately 3.18 X)
1977 $16,000 Salary
2017 $ 51,000 Salary

Rent / Home ownership / Education / Clothing / Automotive
Have all gone up 5 x and 7 x and in some cases 15 x

The true middle class is taking a beating...
Even dual income middle class households with twin $50 K salaries effectively 6 x more than 1977
aren't keeping up as a single family making $16K in 1977

[kalm]

If these things had simply doubled in price or even trippled we'd still be okay

Average New Car 1977: $3,800

Cars didn't offer a whole lot of amenities in 1977 and they sucked balls. Our kids don't know what "flooding an engine" is and they'll never sit at a red light hoping their car doesn't stall, or continue to idle after you turn off the car.... Crank windows, AM/FM radio with a couple of speakers, maybe had AC, might have been a manual transmission, seats were adjustable only forward and backward, etc... people want a lot more in a car now. Also if you simply adjusted for inflation, that number would be more than double or triple today.

At some point, I will return to driving a 1977 or likely earlier automobile and enjoy the holy living shit out of it. I will relish its simplicity and manual everything. Do kids even know what the rolling down the window gesture means? When it breaks down I will take joy in the problem solving and character building opportunities.

Remember when electrical outages were sort of exciting and fun and not a shit show calamity?

How did we ever survive!!!!

[Ibanez]

Every house I put an offer on i was warned of a bidding war and i've lost every house b/c i refuse to pay $10s of thousands over the offer. Fuck that. It's just a house.

Great strategy. You'll just wait until the list prices are $20's of thousands higher and then pay list.

It is, actually. It's just a house. There are more houses where that one came from and if someone wants to pay $300k for something b/c he outbid 5 other people, then so be it. It's just a house...it's not a life-saving kidney.

I ended up paying about $25k below asking. Not too shabby.

[CAA Flagship]

Cars didn't offer a whole lot of amenities in 1977 and they sucked balls. Our kids don't know what "flooding an engine" is and they'll never sit at a red light hoping their car doesn't stall, or continue to idle after you turn off the car.... Crank windows, AM/FM radio with a couple of speakers, maybe had AC, might have been a manual transmission, seats were adjustable only forward and backward, etc... people want a lot more in a car now. Also if you simply adjusted for inflation, that number would be more than double or triple today.

At some point, I will return to driving a 1977 or likely earlier automobile and enjoy the holy living shit out of it. I will relish its simplicity and manual everything. Do kids even know what the rolling down the window gesture means? When it breaks down I will take joy in the problem solving and character building opportunities.

Remember when electrical outages were sort of exciting and fun and not a shit show calamity?

How did we ever survive!!!!

I remember when a McDonalds hamburger was 23 cents. That was awesome.
And when McDonalds turned 25 years old during my freshman year in college, they sold them for 25 cents. That was Iowawesome.

[GannonFan]

Cars didn't offer a whole lot of amenities in 1977 and they sucked balls. Our kids don't know what "flooding an engine" is and they'll never sit at a red light hoping their car doesn't stall, or continue to idle after you turn off the car.... Crank windows, AM/FM radio with a couple of speakers, maybe had AC, might have been a manual transmission, seats were adjustable only forward and backward, etc... people want a lot more in a car now. Also if you simply adjusted for inflation, that number would be more than double or triple today.

At some point, I will return to driving a 1977 or likely earlier automobile and enjoy the holy living **** out of it. I will relish its simplicity and manual everything. Do kids even know what the rolling down the window gesture means? When it breaks down I will take joy in the problem solving and character building opportunities.

Remember when electrical outages were sort of exciting and fun and not a **** show calamity?

How did we ever survive!!!!

Rioting, arson, etc. Exciting and fun, indeed.

https://en.wikipedia.org/wiki/New_York_ ... ut_of_1977

[SeattleGriz]

50 consecutive months of national price increases is a boom by any standard

Lack of inventory will do that for prices. Once baby boomers start selling their homes in greater numbers, the prices will most likely fall again. But thanks Obama for limiting housing inventory and for Cleetzang for telling half the story.

Nationally, housing inventory hit its lowest level on record in the first three months of 2017. The number of homes on the market dropped for the eighth consecutive quarter, falling 5.1% over the past year. Across different housing segments, starter and trade-up home inventory fell 8.7% and 7.9% year-over-year nationally.

http://www.prnewswire.com/news-releases ... 27543.html

Lack of inventory is what helped the Seattle market.

[CID1990]

Cars didn't offer a whole lot of amenities in 1977 and they sucked balls. Our kids don't know what "flooding an engine" is and they'll never sit at a red light hoping their car doesn't stall, or continue to idle after you turn off the car.... Crank windows, AM/FM radio with a couple of speakers, maybe had AC, might have been a manual transmission, seats were adjustable only forward and backward, etc... people want a lot more in a car now. Also if you simply adjusted for inflation, that number would be more than double or triple today.

Homes are made better too

Yes, tyvek wrapped plywood over cheap pine frames, covered by vinyl

So much better than 1950s construction

My family's built in 1840 house will still be standing well after most houses built after 2000 have biodegraded into the ground, or blown up in meth lab explosions


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[Ibanez]

Cars didn't offer a whole lot of amenities in 1977 and they sucked balls. Our kids don't know what "flooding an engine" is and they'll never sit at a red light hoping their car doesn't stall, or continue to idle after you turn off the car.... Crank windows, AM/FM radio with a couple of speakers, maybe had AC, might have been a manual transmission, seats were adjustable only forward and backward, etc... people want a lot more in a car now. Also if you simply adjusted for inflation, that number would be more than double or triple today.

At some point, I will return to driving a 1977 or likely earlier automobile and enjoy the holy living shit out of it. I will relish its simplicity and manual everything. Do kids even know what the rolling down the window gesture means? When it breaks down I will take joy in the problem solving and character building opportunities.

Remember when electrical outages were sort of exciting and fun and not a shit show calamity?

How did we ever survive!!!!

I love it when the power goes out. Especially when there's a storm.

[Chizzang]

Homes are made better too

Yes, tyvek wrapped plywood over cheap pine frames, covered by vinyl

So much better than 1950s construction

My family's built in 1840 house will still be standing well after most houses built after 2000 have biodegraded into the ground, or blown up in meth lab explosions

Sounds like you live in the wrong neighborhood
Maybe you should try Merrimack New Hampshire
BDKJMU thinks is wonderful there
almost everybody is white

it's also Meth Free

[JohnStOnge]

[CID1990]

Yes, tyvek wrapped plywood over cheap pine frames, covered by vinyl

So much better than 1950s construction

My family's built in 1840 house will still be standing well after most houses built after 2000 have biodegraded into the ground, or blown up in meth lab explosions

Sounds like you live in the wrong neighborhood
Maybe you should try Merrimack New Hampshire
BDKJMU thinks is wonderful there
almost everybody is white

it's also Meth Free

I'm talking about America's bestest city (according to numerous worthless periodicals)... Charleston.

The crap they have been throwing up there since 1990 is ridiculous


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[Chizzang]

John,
I'll cherry pick from your article that uses that ^ graph

"Americans are paying about 70% more today for a median-priced new house on an inflation-adjusted basis compared to a 1973 house.."

[kalm]

John,
I'll cherry pick from your article that uses that ^ graph

"Americans are paying about 70% more today for a median-priced new house on an inflation-adjusted basis compared to a 1973 house.."

Prepare yourself for some discussion of quintiles...

[Skjellyfetti]

If these things had simply doubled in price or even trippled we'd still be okay

Average New Car 1977: $3,800

Cars didn't offer a whole lot of amenities in 1977 and they sucked balls. Our kids don't know what "flooding an engine" is and they'll never sit at a red light hoping their car doesn't stall, or continue to idle after you turn off the car.... Crank windows, AM/FM radio with a couple of speakers, maybe had AC, might have been a manual transmission, seats were adjustable only forward and backward, etc... people want a lot more in a car now. Also if you simply adjusted for inflation, that number would be more than double or triple today.

Buy Russian, tovarish.

Lada Niva. No bells. No whistles. Cheap. Indestructible.

[Ibanez]

My brother in law is a structural engineer and was telling me last weekend some crazy prices he's seen lately. Several homes selling for $200-$400/sq ft. Right now he's working on a house in the historic district- $1000/sq ft. Wtf? That's some serious FU money. Most houses around Charleston have been selling between $110-$125 anything over $125/sq ft, to me, is outrageous.


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[Chizzang]

My brother in law is a structural engineer and was telling me last weekend some crazy prices he's seen lately. Several homes selling for $200-$400/sq ft. Right now he's working on a house in the historic district- $1000/sq ft. Wtf? That's some serious FU money. Most houses around Charleston have been selling between $110-$125 anything over $125/sq ft, to me, is outrageous.


Sent from my iPhone using Tapatalk

My girlfriend and I will close on April 19th on a house in North Creek WA.
at the fabulous price of $290 a square foot



I'll post pictures next month
It's nothing special

[BDKJMU]

I don't know where to begin.
But I will say that the housing market boom gave me the biggest laugh.

Um...
June marked 50 consecutive months of annual national home price appreciation...

http://www.cnbc.com/2016/08/29/were-in- ... -time.html

You at 1st said 8 years. Now you're saying 50 months..

[SDHornet]

All this talk of housing costs reminds me of my awesome move to buy in 2013 right as the market was starting to take off in my area....and then refinancing to a 15 year last year before interest rates started going up again*.

Ibanez you are taking the right strategy. Hoard cash and wait for the crash. You won't regret it.


*Because a R won the WH.

[BDKJMU]

Yes, tyvek wrapped plywood over cheap pine frames, covered by vinyl

So much better than 1950s construction

My family's built in 1840 house will still be standing well after most houses built after 2000 have biodegraded into the ground, or blown up in meth lab explosions

Sounds like you live in the wrong neighborhood
Maybe you should try Merrimack New Hampshire
BDKJMU thinks is wonderful there
almost everybody is white

it's also Meth Free

Heck I didn't even recognize the name Merrimac, NH, until I looked up where it was located and realized I've driven near/through it 3 times on the way to New Hampshire Motor Speedway for the NASCAR races. Its located about 13 miles outside Manchester. Turns out one of 16 Buttweiser breweries in the US is in Merrimack..

[Baldy]

My brother in law is a structural engineer and was telling me last weekend some crazy prices he's seen lately. Several homes selling for $200-$400/sq ft. Right now he's working on a house in the historic district- $1000/sq ft. Wtf? That's some serious FU money. Most houses around Charleston have been selling between $110-$125 anything over $125/sq ft, to me, is outrageous.


Sent from my iPhone using Tapatalk

My girlfriend and I will close on April 19th on a house in North Creek WA.
at the fabulous price of $290 a square foot



I'll post pictures next month
It's nothing special

Sucker.

[GannonFan]

Um...
June marked 50 consecutive months of annual national home price appreciation...

http://www.cnbc.com/2016/08/29/were-in- ... -time.html

You at 1st said 8 years. Now you're saying 50 months..

He probably mean 6.93 years/months. The math is probably complex.

[Ibanez]

You at 1st said 8 years. Now you're saying 50 months..

He probably mean 6.93 years/months. The math is probably complex.

Like the sort that requires a Ti-83?