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585 posts
Most desirable areas of Big Bear are hovering around ‘21 values. Obviously there are exceptions, but that works in both directions.
Fawnskin is less desirable because it’s far from the action and not much cheaper. I wouldn’t be surprised to see it sell for the ‘20 price.
Will these greedy morons actually let it go for that? Doubtful.
Geoffcraver@geoffcraver
@BigBearBummers I’ve never been to big bear, but am fascinated by this. Do you think 600k is the actual value?
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@DrBrangar @PuckFupett69 I don't think you understand what supply and demand is.
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@PuckFupett69 But that's not the scenario. It is people who already live there just being charged more for the exact same thing, because the landlord said they wanted more money.
Supply didnt change, demand didnt change, the landlord just saw what other places were going for
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Okay check this out: what if the apartment is for rent for $1,000 but I would be willing to pay $1,200 to live there because multiple people are applying for the $1,000 rent? Should the landlord be allowed to take $1,200?
Lisa@lisathebeauty1
Landlords should not be able to increase rent unless they are upgrading the property/apartment.
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@PuckFupett69 What if you and a bunch of landlords got together and made sure to withhold enough stock so everyone could charge 1500 instead
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We don’t have an inventory problem in real estate. We have an unrealistic seller expectation problem.
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@CDFault @MetamateDaz Even if they were it still wouldn't mean what they think it does.
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@MetamateDaz To these idiots, rich people are like Scrooge McDuck with big rooms filled with gold and cash that they swim around in daily
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There’s a psychological dimension to inflation that needs to be more widely acknowledged (I’m certain most folks understand it).
People don’t like it when the thing they remember costing $20 suddenly costs $25. It doesn’t matter if the raise they recently got makes the thing every bit as affordable as it was before; in fact, on some level the raise might make the feeling worse. “I expected to be able to buy three times more of the thing than usual with my extra paycheck money, but I can only get 1.75x more! Disappointed! 😫”
That extra $5 cost offends on a visceral level in the near-term, and there really isn’t anything one can do about it until people get used to it and calm down.
Hydro Spinning@SenatorLuma
a lot of people are pretending not to understand that what americans want is for price levels to go down. they don’t care about real wage increases or inflation rates, they want nominal price levels to decrease. there is nothing you can do about this.
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@HomeLoanBill @bengalsNCavsFan @idobadtakes @JonathanDunlea6 @GayBearRes No person should EVER have an opinion that isn't in the FNMA guideline PDF.
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@bengalsNCavsFan @idobadtakes @JonathanDunlea6 @GayBearRes There isn’t “right” or “wrong” in mortgage lending. There is “qualified” and “not qualified”. That’s how it works (and that’s a feature, not a flaw).
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It's all housing. I make 98th percentile income and buying a nice home in a nice neighborhood was financially stressful even for me. It shouldn't cost a million dollars to buy a house in the fourth best neighborhood in a second-tier city
Basil🧡@LinkofSunshine
The permanent vibecession is here to stay
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@EllliotttB He's going to do all the work and you're going to make all the money.
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Now that I’m a millionaire, I need to get even richer. No S&P 500 ETF for me, I’m no schmuck like the other new money! I do my own research
Aha! I’ve found it, passive generational income in real estate with this guy I discovered on social media
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Do we know which age cohort makes the best capital allocation decisions? I have a theory that explains all our problems
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@drewdamn87 @GayBearRes It's understandably hard for them to relate because none of them have ever built anything in their lives.
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@GayBearRes I think most anti landlord people forget that these people are builders and if you allow builders to build they will always build
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Guy who speaks with supreme confidence but hasn’t paid attention to multi-family housing for the past 5 years
Alain Beidou@avispartan1
Liberal economics tells us this isn't possible because the landlords will compete with each other to lower prices, in reality landlords aren't stupid enough to start self-ruinous price wars and instinctively understand that the tenants are the enemy!
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@SenatorLuma Wouldn't even be bad, Deflation in assets is bad, Deflation in consumable goods has next to no negative effects
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a lot of people are pretending not to understand that what americans want is for price levels to go down. they don’t care about real wage increases or inflation rates, they want nominal price levels to decrease. there is nothing you can do about this.
Basil🧡@LinkofSunshine
The permanent vibecession is here to stay
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yes deflation would be very bad for the economy. i am not saying we should embark on a deflationary campaign. this is a descriptive tweet about what people are upset about: they believe nominal prices for just about everything are too high.
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This is because the liberal assumptions about human nature are false- economic agents act to maximize their power and control over the economy, not hedonic utility. They also have a strong sense of ingroup vs outgroup, in this case by class.
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Liberal economics tells us this isn't possible because the landlords will compete with each other to lower prices, in reality landlords aren't stupid enough to start self-ruinous price wars and instinctively understand that the tenants are the enemy!
Gemma@windupgemma
My last rent increase was because the landlord noticed that the market rate for the area had gone up Not because his costs went up, but because other landlords were charging more in my area and my landlord felt left out and thought I should pay him more for the same thing
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@MarcGoldwein How can you predict what hasn't been negotiated yet? That makes no sense.
Show me specifically in your data where this is accounted for and you win.
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This kind of Medicare for all would cost About $30 trillion over a decade.
Financing that it would require a 32% payroll tax, a 25% income surtax, a 42% VAT, or a $12,000 per person “public premium”. crfb.org/papers/choices…
Dr. Abdul El-Sayed@AbdulElSayed
Medicare for All means no premium, no co-pay, no deductible. Doesn't matter if you get a job, lose a job, turn 26, turn 65, get married, get divorce — it is there for you.
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@MostlyMonkey @GayBearRes Assuming that includes transfers from parents
I think a lot of kids either get rent money or their down payment paid for
But, like, they’re still getting the money
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Is this downward mobility in the room with us now?
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@mattyglesias This is true, but also in the vast majority of cases you need to learn how to get laid and do it successfully before you can actually figure out what you really want.
You can’t decide what kind of chef you want to be while you’re starving.
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I've been consuming a bunch of "dating advice for men" YouTube content (for research purposes, I'm happily married) and the extent to which it just skips the step where you're deciding what you're trying to accomplish out there is striking.
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My 4-year-old asked me to go for a ride on his pedal bike, which he has never done and we haven't tried in about 4 or 5 months.
The last time we tried he was completely incapable of doing it by himself
but today he sat on the bike and before I could even help him go, he started pedaling perfectly and now he rides a big boy bike just like that.
If you need me, I'll be crying profusely in a corner
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This isn’t just punishing foreigners.
This is punishing Americans who want to marry hot foreign grad students.
Homeland Security@DHSgov
An alien who is in the U.S. temporarily and wants a Green Card must return to their home country to apply. This policy allows our immigration system to function as the law intended instead of incentivizing loopholes. The era of abusing our nation’s immigration system is over.
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@SquirrelParty @RichardHanania Well both parties are full of fucking idiots.
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@RichardHanania Build to rent seems like it is corporate housing investors which both parties want to eliminate. Who else is "building to rent"? Not mom and pop RE investors.
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Politico reports that Trump opposes the ban on build to rent in the Senate housing bill. He almost sent out a post saying so.
Who’s behind this then? Why is the White House pushing this anti-market measure that would wreck the housing supply?
I suspect this is Vance’s doing. He’s a true believer in populist slop.
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@RichardHanania What supply does it destroy? Single family home rentals? Who cares
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