making their gains from the pain/death of others doing this. One way
I see it happening is to take their gains/way to get more gains
away from them. Another way was done in 1789/1917-18.
came back only 6-9 months later. If you can stay somewhat cashed up, if you get cash from the government they obviously want you to spend it,
but try and stay somewhat liquid as well. You'll be in a position to try and buy into whatever is available as the economy comes back to life.
That is the hard part. If you can keep your job during something
like this & save...you should be in good shape when it comes out the
other end.
like this & save...you should be in good shape when it comes out the other end.Yup, look I'm in a lucky and good position. My rent is pretty low all things considered, my Disability Pension covers it and allows me to be perfectly comfortable. Some might find it a bit spartan but thats not
the point. I still have some of my insurance payout and SuperAnnuation
to fall through the floor. We're also anticipating something like a 20% drop in real estate too. That'll hurt us badly on the other side. Its about the only thing that really drives the domestic Australian economy. When housing coughs, as they say our economy gets a cold.
Used to work for a company as a contractor where we mowed yards for foreclosed homes. The banks figured out it was cheaper to pay us to keep the lawn mowed every couple of weeks than pay fines to the cities for
over grown properties.
One thing which struck me as strange at the time was the banks were doing nothing to sell the properties. They hung onto them to attempt to sell them when the price shot up. Problem is in many of these places here...they were never going to get anything close to what they wanted. The businesses which were there previously left & were never coming
back.
One thing which struck me as strange at the time was the banks were
doing nothing to sell the properties. They hung onto them to attempt
to sell them when the price shot up. Problem is in many of these
places here...they were never going to get anything close to what
they wanted. The businesses which were there previously left & were
never coming back.
I used to work for a Bank in America doing mortgage work. After they
foreclosed on the loan they just let the "owner" keep living there. They
would try to sell but never accepted the low bids and bought it back.
I talked to one customer who continued to live in the house 5 years plus
after it was foreclosed on. He was actually doing home improvement
projects on the place. I asked him why and he said he was living there
free, bank paying the taxes and he didn't expect them to evict him any time
soon. He was probably right.
I used to work for a Bank in America doing mortgage work. After they foreclosed on the loan they just let the "owner" keep living there. They would try to sell but never accepted the low bids and bought it back.
I talked to one customer who continued to live in the house 5 years plus after it was foreclosed on. He was actually doing home improvement projects on the place. I asked him why and he said he was living there free, bank paying the taxes and he didn't expect them to evict him any time soon. He was probably right.
Its cheaper for them to leave the asset on the books and wait for some value to return to it. May not be 100% but they'll have a target percentage they need to get out of real estate assets as a whole, some might be cheaper some will be more expensive.
Phoobar wrote to HSM <=-
Had to call the lawyer more than once when WF attempted to take
possession without proper authorization. They thought just
showing us ID & threatening us was enough to get us out of there.
WF sux & would love to see them go out of business. Matter of
fact...the 401K at work is thru them & I refuse to throw my money
away on them to steal it soon when stuff goes belly up.
Oh yeah...but with some of these rural places...don't see any type
of value coming back...even to the point it was 20-30 years ago.
Oh yeah...but with some of these rural places...don't see any typeAhhh shrug, maybe they're hoping to subdivide it? :) No real idea...
of value coming back...even to the point it was 20-30 years ago.
Yeah, great move. Refuse to contribute to your 401K - that'll
show them!
Dude, there's nothing in your post that isn't insulting. If all you have to contribute is stuff like this, perhaps you should move along and go hang around somewhere else.
Spectre wrote to Phoobar <=-
to fall through the floor. We're also anticipating something like a
20% drop in real estate too. That'll hurt us badly on the other side.
Aside: Facebook's median income is over $240,000/year - 3 times the average at PayPal and $40,000 more than an employee at Alphabet. And
those numbers are massively inflated over the rest of Silicon Valley
tech and non- technical jobs.
Dude, there's nothing in your post that isn't insulting. If
all you have to contribute is stuff like this, perhaps you
should move along and go hang around somewhere else.
The stupid dumbass political bullshit that people are polluting
fsxNet with is turning this place into Fidonet. You should know by
now that it is impossible to argue with people on the right. They
use the stupidest of arguments. It is best just to completely
ignore them so they can yell into an empty chamber and move on.
ryan wrote to Gamgee <=-
Yeah, great move. Refuse to contribute to your 401K - that'll
show them!
Dude, there's nothing in your post that isn't insulting. If all
you have to contribute is stuff like this, perhaps you should
move along and go hang around somewhere else.
Wasn't it you that was just the other day telling me to "have a
thicker skin"?
ryan wrote to Gamgee <=-
Wasn't it you that was just the other day telling me to "have a
thicker skin"?
Yep, but you were reacting to things people said that you didn't
agree with, not personal insults.
Yep, and those things were said to *ME*. What you're talking
about now are things that weren't even said to you. Mind your own business and go to the next message, how about that?
I'm sure it's because you've been "screwed over" so many times.
Nothing that was your fault, of course.
Yep, and those things were said to *ME*. What you're talking
about now are things that weren't even said to you. Mind your own business and go to the next message, how about that?
Aside: Facebook's median income is over $240,000/year - 3 times the average at PayPal and $40,000 more than an employee at Alphabet. And those numbers are massively inflated over the rest of Silicon Valley tech and non- technical jobs.
Can confirm that Facebook pays well. My girlfriend works there, I do
not. :P
Even still, it's not enough to afford a home around here.
And we're dual income no kids...
I worked as a contractor at Cisco in San Jose with no health insurance.
It was good pay, but I had to pay $1400/mo to Kaiser for my own
insurance. I got the high rate because I've had some health issues. The cheapest place my wife and could find was $2800 for a 2/2 apartment in Campbell.
That's going to be another wakeup call. In 2008 it was all about
sub-prime lending and CDOs going sideways. Now around here, it's going
to be about people who bought at inflated prices walking away from adjustable rate mortgages and homes bought at the top of the bubble now being 20% underwater.
I wonder if lenders are going to start calling in principal, when the market value of a house is significantly less than the mortgage balance?
Aside: Facebook's median income is over $240,000/year - 3 times the average at PayPal and $40,000 more than an employee at Alphabet. And
those numbers are massively inflated over the rest of Silicon Valley
tech and non- technical jobs.
We are in a 1BR and it's $4500/month. That includes nothing, not even a parking spot. BUT...I can walk to work and don't need to own a car, which probably saves upwards of a grand a month (when you factor insurance, taxes, car payment, gas, maintenance). Even still, $4500 a month sucks.
I worked as a contractor at Cisco in San Jose with no health insurance.
It was good pay, but I had to pay $1400/mo to Kaiser for my own
insurance. I got the high rate because I've had some health issues. The cheapest place my wife and could find was $2800 for a 2/2 apartment in Campbell.
On 03-25-20 12:53, ryan wrote to Gryphon <=-
We are in a 1BR and it's $4500/month. That includes nothing, not even a parking spot. BUT...I can walk to work and don't need to own a car,
which probably saves upwards of a grand a month (when you factor insurance, taxes, car payment, gas, maintenance). Even still, $4500 a month sucks.
I worked as a contractor at Cisco in San Jose with no health insuranc It was good pay, but I had to pay $1400/mo to Kaiser for my own insurance. I got the high rate because I've had some health issues. T cheapest place my wife and could find was $2800 for a 2/2 apartment i Campbell.
Yikes. Hope all's ok with the health stuff.
We are in a 1BR and it's $4500/month. That includes nothing, not even a parking spot. BUT...I can walk to work and don't need to own a car, which probably saves upwards of a grand a month (when you factor insurance, taxes, car payment, gas, maintenance). Even still, $4500 a month sucks.
I worked as a contractor at Cisco in San Jose with no health insuranc It was good pay, but I had to pay $1400/mo to Kaiser for my own insurance. I got the high rate because I've had some health issues. T cheapest place my wife and could find was $2800 for a 2/2 apartment i Campbell.
I live in Montreal,Quebec,Canada, $2800 for a Appart ?? (what is 2/2)
Lot of money !!
I pay $1039 for 4-1/2 Appartment With Electricity/Heat include the Garage
Which city is that in exactly?
Walking to work would be great. I was up for a Linux admin role at a
place called AdultFriendFinder in Campbell. If I had gotten the job, I could have walked to work each day. It was a mile away from my apartment.
I'm no longer in CA tho. About 4 months ago, I got a job in Texas, in a town that is a few miles north of Austin. I bought a house in some
farming country and my mortgage is only $950/mo. I have to commute 15 miles to my linux admin job in an energy company tho. But its a FTE job with full benefits, and PTO. I only took a $10K cut in pay, but with the paid INSURANCE, that's less than I was paying as a cisco contractor.
Enough with the personal attacks, welcome to the twitlist.
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