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Buying a 3M home. FMA bros.
Poast new message in this thread
Date: June 11th, 2021 2:40 PM Author: Umber Church Building Circlehead (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611364) |
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Date: September 21st, 2024 12:39 PM Author: Young and fresh Bboooooooooom (Fraud@fraud.com) Buy what you want! It's all fraud (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#48116878) |
Date: June 11th, 2021 2:45 PM Author: Burgundy dysfunction 900 sq foot 2 bed 1 bath in the Bay Area that is a tear down or needs a gut Reno? (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611382) |
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Date: June 11th, 2021 2:48 PM Author: Umber Church Building Circlehead basically. hjome itself would cost like 500k in other parts of country. decent lot. would love to gut reno it in 5-10 years (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611395) |
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Date: June 11th, 2021 2:51 PM Author: Self-absorbed gunner That's what I was going to ask. A $3m home could either be some awesome house on the beach or some huge mansion or just be a function of living in a really shitty place where it is actually just a normal house. The latter is 120. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611409) |
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Date: June 11th, 2021 3:08 PM Author: Electric Indian Lodge Fortuitous Meteor 1.5mm yes. but for 3mm it should be a very nice house. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611521) |
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Date: June 11th, 2021 3:09 PM Author: Umber Church Building Circlehead https://www.redfin.com/CA/Burlingame/1208-Cabrillo-Ave-94010/home/2040535 (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611531) |
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Date: June 11th, 2021 3:12 PM Author: Self-absorbed gunner Omg, my $1m house is almost 2x as big and with less than half the taxes.
Question - is this really a great investment? Can this really sell for say, $5m in a 10 years? |
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Date: June 11th, 2021 3:28 PM Author: Dashing disgusting institution It'll sell for $7 million in 5 years. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611656) |
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Date: June 11th, 2021 8:00 PM Author: Self-absorbed gunner Who the fuck is going to pay that? Or is that a statement on hyperinflation? (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42613180) |
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Date: June 12th, 2021 12:40 AM Author: Bright toilet seat library ALL CASH CHINESE BUYERS (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42614332) |
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Date: June 12th, 2021 4:42 PM Author: Self-absorbed gunner lmao (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42617035) |
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Date: June 11th, 2021 3:29 PM Author: Umber Church Building Circlehead i think it really depends on brrrr and where we go with that (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611668) |
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Date: June 11th, 2021 8:03 PM Author: Self-absorbed gunner But is it just "it'll keep up with inflation" or do you actually see the area appreciating beyond what it is now? (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42613196) |
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Date: June 11th, 2021 3:12 PM Author: Electric Indian Lodge Fortuitous Meteor just dont buy it lol. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611557) |
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Date: June 11th, 2021 8:07 PM Author: trip lemon selfie center FMA is right. lol (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42613211) |
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Date: June 12th, 2021 1:23 AM Author: arousing sanctuary messiness LOLLLLLLLLLLLLLLL
you should probably kill yourself |
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Date: June 14th, 2021 2:44 PM Author: citrine mind-boggling becky jfc (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42625987) |
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Date: June 15th, 2021 6:25 PM Author: Charismatic school cafeteria I assume this is FANTASTIC flame. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42633256) |
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Date: June 12th, 2021 12:38 AM Author: Bright toilet seat library https://search.longhornrealty.net/idx/details/listing/c007/8618830/Dripping-Springs-TX-78620
$3M gets you hilltop views, beautiful waterfront, and 30+ acres a 30 min drive from austin
enough space to produce all your own food plus you have a water source for when shit hits the fan |
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Date: June 12th, 2021 7:55 AM Author: Aqua milk "enough space to produce all your own food plus you have a water source for when shit hits the fan"
lol yeah i'm sure when "shit hits the fan" the roving bands of armed niggers will just live and let live |
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Date: June 12th, 2021 1:19 PM Author: Garnet big-titted incel heaven anyone who owns a property like that is going to be very well-prepared for roving bands of armed niggers, hth
it's the tender libs in $3M shitbox "bungalows" in the bay area who are going to get the full diversity experience |
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Date: June 12th, 2021 1:26 PM Author: Aqua milk good luck defending the perimeter of a 30+-acre property from multiple armed packs of marauding niggers without a private army, ljl (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42616055) |
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Date: June 15th, 2021 6:26 PM Author: Charismatic school cafeteria I'm sure you'll do way better in your shoebox apartment or tiny house in CA/NY. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42633260) |
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Date: June 13th, 2021 3:22 PM Author: Self-absorbed gunner 180. Taxes are also 1/10th what they are for the CA home. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42621609) |
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Date: June 11th, 2021 2:46 PM Author: tripping area Why so down? Buying a home should be celebrated! (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611385) |
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Date: June 11th, 2021 2:48 PM Author: Umber Church Building Circlehead 12k/mo PITI after 750k down
prop taxes alone are 3k/mo |
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Date: July 5th, 2021 9:29 PM Author: odious up-to-no-good faggotry
California RIP |
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Date: June 11th, 2021 2:46 PM Author: Free-loading cuckoldry principal's office (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611387) |
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Date: June 11th, 2021 2:49 PM Author: 180 obsidian mother box office Didn't know they made houses. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611398) |
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Date: June 11th, 2021 2:50 PM Author: Self-absorbed gunner (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611403) |
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Date: June 11th, 2021 3:32 PM Author: fuchsia casino (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611683) |
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Date: June 11th, 2021 3:44 PM Author: pungent university marketing idea (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611735) |
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Date: June 11th, 2021 8:08 PM Author: trip lemon selfie center that's how you tape the cardboard boxes together to build a mansion (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42613213) |
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Date: June 12th, 2021 7:58 AM Author: Sooty garrison travel guidebook (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42615043) |
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Date: June 12th, 2021 8:39 AM Author: cordovan idiot windowlicker (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42615138) |
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Date: June 12th, 2021 12:47 PM Author: Heady locus goyim (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42615799) |
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Date: June 12th, 2021 12:47 PM Author: multi-colored whorehouse (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42615804) |
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Date: June 12th, 2021 1:20 PM Author: Gold den (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42616003) |
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Date: June 13th, 2021 11:21 AM Author: Lake galvanic spot (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42620645) |
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Date: June 11th, 2021 2:51 PM Author: Excitant generalized bond chapel Congratulations. Write a ceremonial check for $14,000 every month to yourself. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611411) |
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Date: June 11th, 2021 3:03 PM Author: Umber Church Building Circlehead maybe that will be the house wallpaper (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611476) |
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Date: June 11th, 2021 2:54 PM Author: Dead genital piercing crackhouse Your wife must be stoked. Do all her friends live in cheaper houses? (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611421) |
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Date: June 11th, 2021 3:03 PM Author: Umber Church Building Circlehead yes, she's from a middle class background. we have couple friends that are much richer though (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611479) |
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Date: June 11th, 2021 3:06 PM Author: razzle vermilion codepig LMAO I smell an upgrade coming about 4 years from now. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611511) |
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Date: June 11th, 2021 3:09 PM Author: Umber Church Building Circlehead why?? (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611535) |
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Date: June 11th, 2021 3:34 PM Author: fuchsia casino Because one night she’ll get wasted and tell You what she really thinks: “Becky has a fucking $10m house and her husband is a FUCKING LOSER. And if he’s a loser, what does that make us? Why the fuck did I even marry you? My mom was right. A loser is always a loser.” |
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Date: June 11th, 2021 8:09 PM Author: Aqua milk (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42613218) |
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Date: June 11th, 2021 8:41 PM Author: Self-absorbed gunner (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42613353) |
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Date: June 11th, 2021 8:41 PM Author: learning disabled nursing home ratface jfc (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42613355) |
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Date: June 15th, 2021 6:32 PM Author: Charismatic school cafeteria This guy husbands. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42633296) |
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Date: September 21st, 2024 12:32 PM Author: Soren "Bob" Odenkierkegaard (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#48116850) |
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Date: June 11th, 2021 2:56 PM Author: Provocative cruel-hearted mexican why not just leave california (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611436) |
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Date: June 11th, 2021 2:57 PM Author: Excitant generalized bond chapel So he can go make 10% of his current salary in Arkansas? (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611442) |
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Date: June 11th, 2021 3:03 PM Author: Self-absorbed gunner This is such a false dichotomy. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611481) |
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Date: June 11th, 2021 3:04 PM Author: Excitant generalized bond chapel There's more money concentrated in the bay area than anywhere else in the world and they're giving it away
Also California weather and nature is amazing |
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Date: June 11th, 2021 3:07 PM Author: Self-absorbed gunner After you take away taxes and massive COL, I'm not really sure you come out ahead.
Weather and nature - Wildfires and earthquakes seem awesome, sure. A lot of places have great nature. |
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Date: June 11th, 2021 3:11 PM Author: Excitant generalized bond chapel You live in a flat humid area. You don't care about weather and scenery/nature. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611545) |
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Date: June 11th, 2021 3:14 PM Author: Self-absorbed gunner I also live right on the ocean with a beach that goes for miles. We have plenty of beautiful parks here. People here are outdoors far more than most "urban" types. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611571) |
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Date: June 11th, 2021 3:11 PM Author: White Hissy Fit Forum Lol earthquakes yeah so difficult to live with. They never happen and don’t matter when they do. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611547) |
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Date: June 11th, 2021 3:15 PM Author: Self-absorbed gunner That's kind of fair and we have hurricanes which are similar in nature. The fires seem far worse since they make the air toxic. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611574) |
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Date: June 12th, 2021 2:12 AM Author: Soul-stirring house hunting ground It all blows into Nevada (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42614671) |
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Date: June 11th, 2021 3:03 PM Author: Umber Church Building Circlehead family, weather, jobs, i like ca :( (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611480) |
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Date: June 11th, 2021 3:03 PM Author: Self-absorbed gunner Then enjoy, shitlib.
I'm buying about a just over $1m house that is large and nice a few minutes walk from the ocean. But BLM riots, high taxes and homeless people are good too. |
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Date: June 11th, 2021 3:04 PM Author: Umber Church Building Circlehead voted trump 2x (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611489) |
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Date: June 11th, 2021 3:05 PM Author: Self-absorbed gunner I don't understand how a Trumpmo can like CA. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611505) |
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Date: June 11th, 2021 3:06 PM Author: Dead genital piercing crackhouse Out your city/state (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611514) |
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Date: June 11th, 2021 3:08 PM Author: Self-absorbed gunner I'm a quotemo for a reason, but red state that was part of the Confederacy and is on the ocean. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611519) |
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Date: June 12th, 2021 8:31 AM Author: Jade School How South Carolina bro? (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42615117) |
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Date: June 12th, 2021 1:01 PM Author: Self-absorbed gunner Gorgeous. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42615882) |
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Date: June 11th, 2021 3:07 PM Author: Umber Church Building Circlehead ca wasnt always rancid shitlib bro. we voted for ARNOLD (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611515) |
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Date: June 11th, 2021 3:08 PM Author: Self-absorbed gunner Sure, and that CA is gone. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611524) |
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Date: June 11th, 2021 3:35 PM Author: fuchsia casino RINO Arnold? (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611696) |
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Date: June 11th, 2021 8:03 PM Author: Self-absorbed gunner But even that would be impossible today. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42613198) |
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Date: June 11th, 2021 3:10 PM Author: tripping area Being near family is 180 (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611537) |
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Date: June 11th, 2021 3:10 PM Author: Umber Church Building Circlehead cr. parents have had sojme health scares so either i suck gc teat by uprooting to another city to leave them, or suck gc teat by overpaying to stay here (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611542) |
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Date: June 11th, 2021 3:22 PM Author: Provocative cruel-hearted mexican except for the people, california is probably the best place on our planet and i'm not sure anyone else is even close (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611617) |
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Date: June 11th, 2021 3:23 PM Author: Umber Church Building Circlehead if you change people to shitlibs, 100% (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611625) |
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Date: June 11th, 2021 3:25 PM Author: Self-absorbed gunner I understand that perspective, but people are unbelievably important in defining your QOL. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611634) |
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Date: June 11th, 2021 3:27 PM Author: Provocative cruel-hearted mexican oh, definitely. i'd never move to san francisco and that makes me sad. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611644) |
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Date: June 11th, 2021 3:28 PM Author: Self-absorbed gunner I spent a lot of time in that area a few years back and you enjoy the nature and then are done with it, IMO. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611651) |
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Date: June 11th, 2021 3:44 PM Author: Provocative cruel-hearted mexican yeah, but the nature you can access from SF in a couple hours is fucking mind blowing compared to just about anywhere that's not SF.
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Date: June 11th, 2021 6:20 PM Author: Self-absorbed gunner That's a massive overstatement. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42612651) |
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Date: June 11th, 2021 9:16 PM Author: Provocative cruel-hearted mexican farms and great vegetables everywhere. wine country and redwoods to the north. world class beaches and big sur to the south. add an extra hour and you're in yosemite or tahoe.
what else compares? LA maybe? seattle?
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Date: June 11th, 2021 10:44 PM Author: Self-absorbed gunner You seem to have lived primarily on the W. Coast. There are farms quickly outside of most major cities. Chicago, NYC, even DC. Those are not "world-class beaches" because the water is freezing year around. It isn't even on the level of North Carolina beaches. Big Sur is beautiful, but so are the Appalachians that run the E. Coast. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42613848) |
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Date: June 12th, 2021 2:27 AM Author: Tan indirect expression community account lol (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42614707) |
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Date: June 12th, 2021 2:36 AM Author: Provocative cruel-hearted mexican i'm a proud eastcoastmo (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42614731) |
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Date: June 11th, 2021 8:31 PM Author: idiotic territorial digit ratio I think this statement is ignorant. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42613322) |
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Date: June 11th, 2021 9:19 PM Author: Provocative cruel-hearted mexican in what way? (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42613485) |
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Date: June 11th, 2021 3:36 PM Author: fuchsia casino They’re in a financially unsustainable position, and making it worse by the day. Anyone with any money who stays is going to find themselves paying 5% property taxes and a 3% wealth tax. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611702) |
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Date: June 12th, 2021 1:02 PM Author: Self-absorbed gunner (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42615894) |
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Date: June 11th, 2021 2:57 PM Author: Indigo hall sandwich What's your HHI? How much of it is from you vs. your wife? How stable has it been past few years? (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611443) |
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Date: June 11th, 2021 3:04 PM Author: Umber Church Building Circlehead i make 700, wife 150. should get a promo that bumps me to 900 in a couple years (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611487) |
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Date: June 11th, 2021 3:06 PM Author: Indigo hall sandwich This seems ... a little risky. Not "blow your brains out w/ a shotgun you're fucked for life" risky but something. You probably overspent by about 500k; I would have tried to stay to 2.5. But if you're fine clenching the desk for a few years until you get the 900k bump then you're golden. Also never trust your wife to maintain a salary treat it as play money made by a bird brain that could stop at any time. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611513) |
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Date: June 11th, 2021 3:08 PM Author: Umber Church Building Circlehead yeah, it's risky for sure. but ths is waht houses in desirable bay area locations go for (2.5 gets you a 3 br 2 ba). at least i have basically as good job security as possible.
also with rates so low this is the equivalent of buying a 2.6/7 place a few years ago |
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Date: June 11th, 2021 5:04 PM Author: cracking temple Prole take to call it "equivalent" based on the size of the mortgage payment. That only matters if you're living paycheck to paycheck or actually plan to fully pay off the mortgage to completion, which almost nobody ever does. Way, way, way better to have lower debt at a higher rate than higher debt at a lower rate. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42612177) |
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Date: June 11th, 2021 5:11 PM Author: Provocative cruel-hearted mexican except for like gatormo and rsf we're all living paycheck to paycheck (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42612210) |
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Date: June 11th, 2021 6:30 PM Author: Purple Office explain how its way better to have lower debt at higher rate? is this assuming you'd refinance a few times? (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42612719) |
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Date: June 12th, 2021 12:44 AM Author: Bright toilet seat library i think the math works out that way if you plan to own it for a couple years then sell, where you won't have meaningfully paid principal anyway, so at least you didn't have as much $$ locked up in an illiquid asset (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42614353) |
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Date: June 12th, 2021 8:01 AM Author: Aqua milk this doesn't make sense. you don't have $$ locked up in an illiquid asset if you have debt and sell before paying that debt off (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42615049) |
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Date: June 12th, 2021 12:41 AM Author: Bright toilet seat library Why is it risky? The 3x salary thing is only applicable to proles because so much of their salary goes towards other essentials like food, car payment, etc. That doesn't scale as your salary goes up.
Even someone making 300K/yr doesn't need to observe the 3x salary rule. |
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Date: June 15th, 2021 4:00 PM Author: fuchsia casino Proles don’t pay taxes. He pays 50% (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42632443) |
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Date: June 11th, 2021 3:10 PM Author: Self-absorbed gunner Good Lord, $3m house with $3k/month taxes on $700k personal income and $850k hhi? That's ... bold and bolder than I would ever be. If you lost your job how long could you last before you lost the house? (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611539) |
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Date: June 11th, 2021 3:11 PM Author: Umber Church Building Circlehead all in is 12k a month (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611548) |
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Date: June 11th, 2021 3:12 PM Author: Indigo hall sandwich Does that figure include maintenance, bills, capital expenses (the a/c breaks, the sprinkling system needs to be maintained, the low voltage transformer for the landscaping lighting goes out, the attic ventilation needs to be corrected)? (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611556) |
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Date: June 11th, 2021 3:13 PM Author: Umber Church Building Circlehead just eat a chipotle burrito a day while lying on your sleeping bag bro. ez (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611565) |
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Date: June 11th, 2021 3:15 PM Author: Indigo hall sandwich Yeah so 12k isn't your all in. It never is with a house. You need to take your taxes + mortgage + insurance per month and add AT LEAST 15% on top of that. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611573) |
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Date: June 11th, 2021 3:16 PM Author: Umber Church Building Circlehead fuck, canceling contract (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611580) |
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Date: June 11th, 2021 3:18 PM Author: Indigo hall sandwich Just plan my friend. Plan for your ass to be raped with bills & expenses, trust me. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611591) |
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Date: June 11th, 2021 3:19 PM Author: Umber Church Building Circlehead ty. how much cushion do you think i need (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611594) |
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Date: June 11th, 2021 3:22 PM Author: Indigo hall sandwich I just said. Take your monthly mortgage + (if not escrowed) property taxes + amortized monthly insurance cost and then add 15%. I've found that, all in, that gets me to about the total amount I have to spend on specifically house shit each month; some months it will be lower but you'll catch up when you have to repaint the cabana or have the lawn triple irrigated because of moles or whatever. This is assuming nothing catastrophic happens e.g., a non-insured flood of your sub-basement basketball court. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611618) |
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Date: June 11th, 2021 3:26 PM Author: Umber Church Building Circlehead yeah but how much of that is really relevnat if you lose your job (your original q), you arent gonna fix any non life critical shit if that happens (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611638) |
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Date: June 11th, 2021 3:28 PM Author: Indigo hall sandwich Cut it in half in an extreme starvation scenario. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611652) |
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Date: June 11th, 2021 3:29 PM Author: 180 obsidian mother box office *hands keys to bank repo guy* "The cabana's all painted by the way, good as new" |
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Date: June 11th, 2021 3:29 PM Author: Umber Church Building Circlehead (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611671) |
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Date: June 11th, 2021 3:30 PM Author: Indigo hall sandwich (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611673) |
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Date: June 11th, 2021 3:32 PM Author: shivering senate fanboi (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611682) |
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Date: June 11th, 2021 4:10 PM Author: Provocative cruel-hearted mexican (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611874) |
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Date: June 11th, 2021 8:07 PM Author: Self-absorbed gunner (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42613210) |
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Date: June 15th, 2021 6:26 PM Author: Charismatic school cafeteria (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42633262) |
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Date: June 12th, 2021 8:34 AM Author: Jade School You need 100K liquid minimum (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42615129) |
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Date: June 11th, 2021 3:39 PM Author: fuchsia casino Are you solidly worth high six figures, of if you got hit with a sexual harassment suit and got shitcanned, would you be begging the state to hire you for $160k? (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611712) |
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Date: June 12th, 2021 12:43 AM Author: Bright toilet seat library >Does that figure include [series of expenses that are a drop in the bucket compared to servicing the mortgage]
dude this isn't a 1K/mo mortgage where he might have to pay 5x that in a month to fix his AC
it's a 12K mortgage where he might have to pay half that in a month to fix his AC |
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Date: June 11th, 2021 9:41 PM Author: narrow-minded step-uncle's house police squad that's perfectly reasonable (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42613614) |
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Date: June 11th, 2021 3:10 PM Author: Comical Persian Coffee Pot post it? (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611541) |
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Date: June 11th, 2021 3:13 PM Author: Umber Church Building Circlehead (doobs
here's an exmapleo f what i did NOT buy
https://www.redfin.com/CA/Burlingame/1208-Cabrillo-Ave-94010/home/2040535 |
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Date: June 12th, 2021 2:19 AM Author: Glassy nofapping hairy legs Oof! (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42614690) |
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Date: June 15th, 2021 4:07 PM Author: fuchsia casino That place makes no sense. This one is over a million less, in a better school district and at least the exterior is nicer
https://www.redfin.com/CA/Redwood-City/632-Palomar-Dr-94062/home/1370601 |
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Date: June 15th, 2021 4:14 PM Author: learning disabled nursing home ratface lmao at redwood city being a 'better school district' - who are you trying to troll (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42632520) |
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Date: June 15th, 2021 4:34 PM Author: fuchsia casino They’re both shit. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42632621) |
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Date: June 15th, 2021 5:43 PM Author: learning disabled nursing home ratface burlingame is one of the top in the bay mang
Burlingame High School has been recognized nationally for its academic excellence. For 2013, it was ranked 280th in Newsweek's Top 2,000 Public High Schools,[5] 471st nationally by U.S. News & World Report,[6] and 490th by The Washington Post's ranking of "America's Most Challenging High Schools."[7] |
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Date: June 15th, 2021 5:46 PM Author: fuchsia casino It’s 36th in SF, but nice try
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Date: June 15th, 2021 5:52 PM Author: learning disabled nursing home ratface and the other one is? (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42633056) |
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Date: June 15th, 2021 6:10 PM Author: fuchsia casino Redwood City has one higher, and another two lower. But none of this really matter when you’re talking about shit vs shit, like quibbling over UCSC is better than Davis or not. So I admit Redwood City isn’t better, but it’s not worse, let alone $1m worse (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42633178) |
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Date: June 15th, 2021 6:12 PM Author: learning disabled nursing home ratface no one who lives in bay area thinks RWC is remotely close to burlingame. why do you think house prices are lower? is it that everyone who buys houses in burlingame vs redwood city are wrong, or an xo poa is wrong? (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42633190) |
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Date: June 16th, 2021 10:24 AM Author: fuchsia casino My guess is it’s a cool place for FAANG strivers to go. So, it’s probably nicer for that reason. But then it’s an even dumber reason for him to have bought there. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42635999) |
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Date: June 16th, 2021 12:08 AM Author: crimson hospital Seems like this should discourage super striver parents. Putting your kid in one of the toughest schools in the nation virtually assures they won’t get straight A’s and will thus be fucked for college admissions which is entirely based on race (non asian/Indian) and SAT. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42634843) |
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Date: June 11th, 2021 3:14 PM Author: Indigo hall sandwich https://www.realtor.com/realestateandhomes-detail/121-Toyon-Ln_Sausalito_CA_94965_M18889-11503
But it's really 4 bedrooms because we're using an attic space as a 4th bedroom. |
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Date: June 11th, 2021 3:17 PM Author: Self-absorbed gunner If it is like that then that's not terrible at all. That's a gorgeous house. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611583) |
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Date: June 11th, 2021 3:18 PM Author: Indigo hall sandwich Yeah thanks. We're really happy. It isn't a ton of sq. feet but it's beautifully well done inside with great materials and a perfect layout. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611587) |
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Date: June 11th, 2021 3:22 PM Author: Self-absorbed gunner The views are stunning (some of the best I've ever seen), the location is stunning, right around a ton of nature. The house itself is beautiful. Sure, $3m is a lot but at least I understand why that's worth millions. The example house was just depressing by comparison. |
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Date: June 11th, 2021 3:27 PM Author: shivering senate fanboi (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611645) |
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Date: June 11th, 2021 3:29 PM Author: Indigo hall sandwich Thanks again. I'll share some pictures with the bort once we've moved in. It's gonna be 180 (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611657) |
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Date: June 11th, 2021 3:30 PM Author: Umber Church Building Circlehead 180 if that's actually your house, thought oyu were flaming. def poa pics (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611674) |
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Date: June 11th, 2021 3:44 PM Author: Provocative cruel-hearted mexican nice man (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611737) |
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Date: June 12th, 2021 9:37 AM Author: cordovan idiot windowlicker It’s a beautiful house, congrats brother! (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42615228) |
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Date: June 12th, 2021 2:20 AM Author: Glassy nofapping hairy legs It's shit. You can look at it but you can't live there. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42614692) |
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Date: June 14th, 2021 4:46 PM Author: Self-absorbed gunner Why? (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42626738) |
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Date: June 11th, 2021 5:07 PM Author: cracking temple Awesome house. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42612193) |
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Date: June 12th, 2021 12:45 AM Author: Bright toilet seat library that's a pretty sick place (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42614359) |
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Date: June 12th, 2021 12:57 AM Author: Dead genital piercing crackhouse That house is amazing. Congratulations. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42614413) |
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Date: June 12th, 2021 8:36 AM Author: Aqua milk i don't get it. why is the shithole house in Burlingame more expensive than this house in Sausalito? (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42615132) |
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Date: June 12th, 2021 12:22 PM Author: learning disabled nursing home ratface shit schools, far away from opera, trump trump (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42615732) |
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Date: June 12th, 2021 12:25 PM Author: Aqua milk there's an opera in the suburbs 17 miles from san francisco? (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42615744) |
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Date: June 12th, 2021 8:38 AM Author: Jade School Lmao my house is 20% bigger brand new for 350K. Flyover is 180. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42615135) |
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Date: June 14th, 2021 4:42 PM Author: carnelian disrespectful hell There's a lot more to that house than your 3000 ft2 mcmansion (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42626722) |
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Date: June 13th, 2021 11:23 AM Author: Racy embarrassed to the bone doctorate faggot firefighter Nice (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42620647) |
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Date: June 14th, 2021 4:41 PM Author: carnelian disrespectful hell OK that's a $3M house. 180 bro (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42626710) |
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Date: June 14th, 2021 4:57 PM Author: fuchsia casino That house is perfect (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42626817) |
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Date: June 15th, 2021 6:27 PM Author: Charismatic school cafeteria Props. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42633267) |
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Date: June 11th, 2021 3:19 PM Author: Excitant generalized bond chapel OP I will go on record saying that you made a good choice.
California real estate is desirable for a reason. And nothing that made it desirable is going away any time soon. People scrambling to buy shit holes in flat gross places like Houston is one thing. Buying property in a place that's been desirable for thousands of years (even indians fought over it) and will be desirable in the future is another.
You don't get California weather and nature without a huge premium. But you only live once.
In 20 years I'd bet anything your area will still be desirable where that is seriously debatable for any of the current hot flyover cities. |
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Date: June 11th, 2021 3:21 PM Author: Umber Church Building Circlehead ty, i hope so. i have spent the last 20+ years complaining about CA housing prices and they never go down. earthquake will fuck us all though (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611606) |
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Date: June 12th, 2021 12:56 AM Author: fuchsia casino I think the only real danger is political (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42614407) |
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Date: June 11th, 2021 3:32 PM Author: sexy stage didn't know 3M made homes (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611685) |
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Date: June 12th, 2021 12:47 AM Author: Bright toilet seat library (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42614371) |
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Date: June 11th, 2021 3:41 PM Author: fuchsia casino OP: what’s your net worth? If it’s only $500k, I’m curious why you’d do this on 850k HHI. In Cali, that leaves you with like $450k take home. And I assume your taxes will be in the neighborhood of $50k/year (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611725) |
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Date: June 11th, 2021 3:47 PM Author: Umber Church Building Circlehead this is xoxo everyone's NW is higher than 500k (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42611751) |
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Date: June 11th, 2021 3:51 PM Author: Provocative cruel-hearted mexican SF prices i sort of understand.
but someone explain to me why boston suburban home prices are so fucking high ($2MM+). it's worse than new york -- where are these fucking boston people getting their money? |
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Date: June 11th, 2021 5:18 PM Author: Electric Indian Lodge Fortuitous Meteor the fed (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42612245) |
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Date: June 14th, 2021 12:03 PM Author: Provocative cruel-hearted mexican it's all fucking make believe (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42625100) |
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Date: June 11th, 2021 5:06 PM Author: learning disabled nursing home ratface (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42612190) |
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Date: June 11th, 2021 6:25 PM Author: Harsh Meetinghouse (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42612680) |
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Date: June 11th, 2021 8:05 PM Author: swashbuckling regret menage you could buy the exact same home in the nicest gated part of vegas for 25% of the price and your take home income would increase 8% from all the tax savings (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42613202) |
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Date: June 11th, 2021 8:05 PM Author: Hideous costumed therapy LJL, you could have bought 1.5 million pepperoni sticks (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42613205) |
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Date: June 14th, 2021 4:44 PM Author: carnelian disrespectful hell (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42626730) |
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Date: June 11th, 2021 8:42 PM Author: Metal legal warrant Dow Chemical homes are better imho (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42613357) |
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Date: June 11th, 2021 11:23 PM Author: Wonderful theatre karate This thread is an example of how people on xoxo are idiots. People are seriously fretting that a guy who makes EIGHT HUNDRED THOUSAND DOLLARS can afford to pay $12 k a month on a house?
It's literally probably like 25% of his take home pay. "Oh no he's going to be house poor! How is he going to handle if the A/C breaks down with only an extra THIRTY THOUSAND DOLLARS a month left over!"
People are seriously making this argument? Yeah I get it - he may lose his job - then he'll have to sell his house, eat the closing costs, and re-adjust his life. But that applies to fucking everyone. |
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Date: June 12th, 2021 12:00 AM Author: fuchsia casino It’s usually more of a job security issue. IMO, there’s no reason to put your family at risk of bankruptcy because you get dishonorably shitcanned. It’s just a stupid risk to take, even if it’s small. Now, if he had an 850k HHI working for the government, he’s absolutely safe. But that’s why I was asking about specifics.
And no, it doesn’t apply to everyone. I bought my house cash, and I have 3x left over in net worth. I can lose my job and I’m in a pretty easy position |
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Date: June 12th, 2021 12:48 AM Author: Bright toilet seat library >there’s no reason to put your family at risk of bankruptcy because you get dishonorably shitcanned
Why would he go bankrupt? Get fired, can't find a job for a couple months, just sell the house and move.
Also wringing your hands about exposing your family to bankruptcy is a prole tell. Just declare it and move on. The only down side is you can't get a home loan for a few years. |
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Date: June 12th, 2021 12:55 AM Author: fuchsia casino I find it more of a prole tell to need a mortgage to buy some GC vanity prize, but you’re obviously the old money aristocrat here (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42614403) |
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Date: June 12th, 2021 2:19 AM Author: Soul-stirring house hunting ground Bro the cheapest livable house you can buy in SF is like $1.5M and you'd give the exact same shitty prole autist risk averse advice if that's what he were buying (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42614689) |
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Date: June 12th, 2021 9:20 AM Author: fuchsia casino Or you rent while you save up, hit a $5m net worth in 5-9 years, and everything is easy to afford. But again, you’re the filthy rich Vanderbilt descendent, so I defer to you on how to handle upper middle class woes (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42615206) |
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Date: June 13th, 2021 8:54 AM Author: Wonderful theatre karate "Or you rent while you save up, hit a $5m net worth in 5-9 years, and everything is easy to afford. But again, you’re the filthy rich Vanderbilt descendent, so I defer to you on how to handle upper middle class woes"
Your net worth would almost assuredly be hire if you put that money into real estate levered with a residential mortgage? I feel like everyone on xoxo is financially illiterate. |
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Date: June 13th, 2021 11:19 AM Author: Self-absorbed gunner Real estate isn't an automatic win. That $3m house can easily become $1.5m. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42620636) |
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Date: June 13th, 2021 2:56 PM Author: Provocative cruel-hearted mexican probably not. but it definitely might become a $2.7MM home. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42621486) |
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Date: June 13th, 2021 3:19 PM Author: Self-absorbed gunner Once upon a time, people had expensive property in Detroit and Newark. Then business left those areas and property values crashed. That could easily happen to the SV area. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42621596) |
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Date: June 13th, 2021 3:24 PM Author: Provocative cruel-hearted mexican i know man, that's why i said probably not. it probably won't completely go to shit, but it might. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42621615) |
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Date: June 13th, 2021 4:08 PM Author: Self-absorbed gunner Look at the demographics, politics and financial situation. How else could it go? (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42621751) |
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Date: June 14th, 2021 11:23 AM Author: fuchsia casino Again, my entire point is that when you make 850k HHI, the “probably not” is a risk that is stupid to take. He could live in a perfectly fine $1.3m 3/3 for a while, and he’s have 1/100th the risk of needing to liquidate and move is family somewhere else. And for what upside? So your house is a little nicer? Who gives a shit? (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42624930) |
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Date: June 14th, 2021 3:51 PM Author: Self-absorbed gunner The weirdest thing is that it isn't even that nice of a house. At least the other $3m house posted ITT is pretty stunning so at least I get it. OP's comparable property is extremely mundane. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42626392) |
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Date: June 13th, 2021 4:33 PM Author: fuchsia casino 5x levered real estate net of costs has a lower ROI than even value stock investing without leverage. True it’s TCR to take a mortgage when you already have a net worth well in excess of your home’s value, but LJL if you think plowing it into a home that you get no rental income on is a good use of the leverage (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42621824) |
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Date: June 13th, 2021 11:09 AM Author: Self-absorbed gunner (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42620617) |
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Date: June 13th, 2021 5:02 PM Author: irradiated alcoholic orchestra pit cumskin The prole tell is thinking people need a mortgage versus it being a smart financial decision when rates are so low and invest the money instead. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42621923) |
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Date: June 14th, 2021 11:18 AM Author: fuchsia casino cr. You take a loan when you have the ability to generate returns with that money to justify the loan. A home that you live in doesn’t do that.unless you get really lucky. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42624906) |
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Date: June 15th, 2021 6:32 PM Author: Charismatic school cafeteria I actually strongly agree with this. And if OP has like $5m in assets then this $3m house is perfectly reasonable and he's still right to take a rate-locked mortgage that is likely to be less than inflation. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42633295) |
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Date: June 12th, 2021 12:56 AM Author: Wonderful theatre karate Exactly you wouldn't fucking go into bankruptcy unless (i) you lost your job, (ii) housing prices massively crashed, (iii) your savings was exhausted, and (iv) you weren't able to find a new job before you spend your exit package.
And even at that point, you could just give the house back to the bank most likely and they wouldn't pursue you for the difference if it was underwater.
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Date: June 12th, 2021 12:56 PM Author: aggressive address (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42615838) |
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Date: June 13th, 2021 2:14 AM Author: fuchsia casino As it turns out, all those things were very correlated in 2008. Your second paragraph is false. If you have money left over, they will know, and they will take it. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42619577) |
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Date: June 13th, 2021 3:31 PM Author: Rusted adventurous station ape Some states are recourse states. Some aren't. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42621648) |
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Date: June 13th, 2021 5:31 PM Author: Well-lubricated Histrionic Bbw Deficiency judgement not a risk in CA. Available only under very narrow circumstances not related to purchase money mortgage on single family residence. See CCCP 580 b and d. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42622009) |
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Date: June 12th, 2021 5:07 PM Author: Self-absorbed gunner "Why would he go bankrupt? Get fired, can't find a job for a couple months, just sell the house and move."
You assume that selling the house is nbd. If a 2009 type crash happens he could be totally fucked because of a combo of lost job because of crash, can't find new one because of crash, and now can't pay mortgage/taxes. |
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Date: June 12th, 2021 5:08 PM Author: Self-absorbed gunner "Also wringing your hands about exposing your family to bankruptcy is a prole tell"
What a stupid point. Obviously if you're "not a prole" that means you have a ton of family money and daddy can write a 7 figure check if necessary, so nbd. No, they're not just ok with losing their house, they just don't have to worry about it because there's always money elsewhere in the family. |
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Date: June 13th, 2021 1:35 AM Author: fuchsia casino He could call me a “risk averse faggot”, but for some reason (*cough* he’s Asian *cough*), he’s really intent on making it a prore terr. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42619459) |
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Date: June 13th, 2021 3:20 PM Author: Self-absorbed gunner (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42621598) |
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Date: June 13th, 2021 5:00 PM Author: irradiated alcoholic orchestra pit cumskin People making $700k/year are established in their careers and can easily get another job if shitcanned. If not $700k, no less than $500k.
People with that sort of HHI also typically have millions in liquid assets so if they have to carry a mortgage for 6 months to a year while they job hunt, it’s NBD. |
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Date: June 13th, 2021 5:07 PM Author: Excitant generalized bond chapel cr (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42621935) |
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Date: June 13th, 2021 5:32 PM Author: Self-absorbed gunner And if he has millions in liquid assets then I agree that it isn't a huge deal.
I don't necessarily agree that 700k/year jobs are easily replaceable. I've seen many people get pushed out of those and IME very few of them get comparable jobs. |
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Date: June 14th, 2021 11:16 AM Author: fuchsia casino This is especially true with a onewrongmove shitcanning. Some paralegal lies to HR about OP sexuality harassing her. HR/management ignores it. She takes the story public and sues, and OP becomes the fall guy. No one is hiring him for $150k (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42624892) |
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Date: June 14th, 2021 1:58 PM Author: Self-absorbed gunner But even if he got $150k, he won't be able to carry that mortgage. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42625707) |
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Date: June 14th, 2021 2:08 PM Author: fuchsia casino That’s my point (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42625772) |
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Date: June 14th, 2021 2:41 PM Author: Self-absorbed gunner The reality is that in any corp, there are very few jobs paying $700k+. In a legal department, that's Deputy General Counsel type pay for a major company. Competition for these jobs is extremely intense. Among DGCs I've seen that get canned - it is exceptionally rare that they get something on the same level. It is also a seniority level where risk increases dramatically (you're expensive enough that your value is scrutinized constantly).
Yes, I realize that Nutella will barge in here and note that she has some unicorn job where everyone makes millions because she's attached to some PE fund and it is like totally nbd but that entire story applies to very few people. IIRC, op is some lawyer at some tech co. (FAGMAN) |
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Date: June 14th, 2021 4:32 PM Author: fuchsia casino Even Nutella and her co can get got. She’s handled her personal finances in such a way that it worked out quite well, and I don’t think she has to worry, but I’m sure if I knew the specifics about her job, I could identify several highly plausible circumstances where she has to live off her life savings, and would maybe qualify for a $200k/yr job afterwards (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42626658) |
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Date: June 14th, 2021 9:12 PM Author: irradiated alcoholic orchestra pit cumskin When you can you get to a certain point in your career and work in an industry with hundreds if not thousands of companies that pay high comp, you have a lot of choices. I get recruited all the time by other firms. OP works in tech, that industry is never going away and will always pay high comp. there will always be choices. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42628040) |
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Date: June 14th, 2021 9:36 PM Author: Self-absorbed gunner This is such a silly philosophy. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42628241) |
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Date: June 15th, 2021 12:54 AM Author: fuchsia casino (John Edwards circa 2008) (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42629328) |
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Date: June 14th, 2021 2:21 PM Author: aggressive address LJL. what a bunch of risk averse pussies. yes, he could lose his job from a false sexual harassment allegation, have to take a $600K paycut, the real estate market will simultaneously collapse and he won't be able to get back on his feet for years and be forced into bankruptcy.
planning your life around improbable scenarios like this is completely irrational. do you have to snort a line of xanax in the morning to manage your anxiety?
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Date: June 14th, 2021 2:30 PM Author: learning disabled nursing home ratface (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42625916) |
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Date: June 14th, 2021 2:34 PM Author: Self-absorbed gunner The real issue is that the risk doesn't result in some amazing reward. He just gets to live in what is a normal house anywhere else, just for 6x more. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42625946) |
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Date: June 14th, 2021 2:39 PM Author: fuchsia casino I know you’re like a tough guy, being pumo and all, but the point is that risk is a great thing to take when the reward is great. If he’s selling a put on his life for some GC-induced fantasy of living the high life, then it’s not proper risk taking. Now, if he YOLO’s his life savings into SOL, he may be risking his life, but the upside is being worth 100s of millions
And you act like these things are rare beyond comprehension. I had a friend have this exact thing happen to him, and I don’t have that many friends, and he ended it with a bullet in head. Lawyers may think they’re invincible to it all, but that just because the four decade bull market run in shitlibery hasn’t really made y’all see what happens when the industry contracts. It can, and probably will. You think it’s going to be the same free-for-all in Texas, where all these companies will move? |
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Date: June 14th, 2021 4:01 PM Author: irradiated alcoholic orchestra pit cumskin Lol right, you know so many people making that type of money at all, let alone so many who got shitcanned from such jobs.
I know a lot of overleveraged people and buying a $3m house on close to a $1m HHI in one of the most desirable markets in the country where prices will never decrease more than ~20-25% in a market crash scenario when rates are at historical lows is as conservative as it comes. Never mind that he can currently get $6-7k/month rent on such a house, never mind in 10-15 years when rents will be $15k/mo and he will have a fixed 30 year thats the same or lower on a refi. Reliable appreciation in the long term in desirable RE markets is how you build wealth and also leave something to your kids on a low tax basis. |
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Date: June 14th, 2021 4:05 PM Author: Self-absorbed gunner Knowing a lot of these people isn't rare, and if you work at a large place you'll see a lot of them come and go.
Also one of the highest tax locations with bad finances where companies are looking to flee. The politics are extremely left-wing so OP is going to see tax increases from fed, state and local governments all converge on his ass because he's the poster child for who they define as rich. Except that his "mansion" is a POS. It is just a dangerous place to be for so little benefit. |
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Date: June 14th, 2021 4:11 PM Author: irradiated alcoholic orchestra pit cumskin Knowing a lot of those people is rare and I almost never see people at a certain level going down in flames (unless they make some really bad decisions/mistakes). They don’t just get shitcanned due to reorg or something out of their control because they’re not considered replaceable.
Youre thinking like a poor person looking to save money and be a risk averse pussy when in reality things are highly unlikely to go sideways. When I think about shit going wrong in my life, it’s something like getting maimed or dying in a car accident (and I buy insurance for that), not the inability to make a certain base amount for the rest of my life that supports a certain lifestyle. People don go from making $700k to $100k. People aren’t insecure about their careers by this point.
At a certain NW and income level, you look for ways to build more wealth not just obsessively save money. Putting money into desirable real estate is no different than putting money into the stock market, except for your primary home you get the $500k tax free gains and the all important advantage of a 30 year fixed at still insane rates. The alternative is that he can just rent the same hovel for $8k/mo which will keep going up over time. Makes so much financial sense! |
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Date: June 14th, 2021 4:13 PM Author: Self-absorbed gunner Or rent for $4.5k/month, save up and eventually find opportunities elsewhere. By the way, taxes + interest (even after deductions) will be higher than rent for a "good enough" place.
I don't understand the mentality involved in buying a $3m mediocre house in a sinking state. |
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Date: June 14th, 2021 4:18 PM Author: fuchsia casino Nutella’s forecast for CA real estate is a pretty big thing she’s glossing over. She’s sorta hand waving the whole destruction of their legal system. The fleeing of their companies. Their impending water crisis. Their unresolvable pension crisis. Et cetera. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42626558) |
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Date: June 14th, 2021 4:22 PM Author: Self-absorbed gunner (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42626582) |
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Date: June 14th, 2021 4:30 PM Author: irradiated alcoholic orchestra pit cumskin CA sucks and I have plenty of issues with living here. Having extremely desirable housing in certain areas in the one constant in the long term. You can look at what happened in 08-09 and see what happened with prices. There is 0% chance that OP’s house is going to be worth less than what he paid in the long term. Prop 13 guarantees low supply. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42626640) |
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Date: June 14th, 2021 4:34 PM Author: fuchsia casino He’s not in Malibu or Santa Monica. If the companies that have made South Bay what it is leave, his house is a worthless slum (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42626672) |
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Date: June 14th, 2021 4:39 PM Author: irradiated alcoholic orchestra pit cumskin I’m no Bay Area expert but housing there is a lot more expensive than LA. my guess is that he got a 2000 square foot house on a 6-7000 lot in the equivalent of a Santa Monica neighborhood. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42626701) |
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Date: June 14th, 2021 5:25 PM Author: fuchsia casino Noooo. More like Northridge, but the Bay isn’t really comparable to SoCal because there’s very little draw beyond jobs. It’s not a playground for Saudi royals or celebrities. I mentioned Malibu because it will always be on the beach. Prince al-saqueed bin talib will always want a home there. The Bay doesn’t really have places like that. Maybe Mill Valley or Belvedere? But still no.
One thing it does have in common is like your area where there’s a massive difference between the hills and the flats. He’s down in the flats of an area that’s sort of purgatory between FAANG jobs and SF. The school is like the 20 best public in the Bay Area. So not terrible, but not good. |
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Date: June 14th, 2021 4:41 PM Author: Self-absorbed gunner (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42626714) |
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Date: June 14th, 2021 4:26 PM Author: irradiated alcoholic orchestra pit cumskin Yes just find a $4500/mo 2br apt for your family of 4 in Redwood City instead!
You also ignore the fact that if you want to be in a good school district and avoid $50k/year private schools, you’re not going to be in a neighborhood with cheap rents or sales. Everything is priced in.
So yeah, just ignore reality. |
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Date: June 14th, 2021 4:41 PM Author: Self-absorbed gunner Yeah, I don't buy the concept that OP can't possibly live in less than a $3m house, regardless of stupid excuses.
https://www.zillow.com/homedetails/16500-Sanborn-Rd-Saratoga-CA-95070/19745262_zpid/
Yeah, that house needs $100k invested in it. Thats nothing when you consider the prices involved. Schools are nearly perfect (and a big reason people live in that area).
Here's a few rental options: https://www.zillow.com/homedetails/13069-Jaccaranda-Ct-Saratoga-CA-95070/19655994_zpid/
https://www.zillow.com/homedetails/20790-4th-St-Saratoga-CA-95070/2070773314_zpid/
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Date: June 14th, 2021 4:20 PM Author: fuchsia casino Which side are you on? A $3m house is consumption. If he were doing a $3m levered real estate deal, that would be different, but after costs, the house you live in (even levered), is not a good investment relative to stocks. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42626573) |
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Date: June 14th, 2021 4:36 PM Author: irradiated alcoholic orchestra pit cumskin Except you need a place to live and rent realistically costs about 2/3 of his mortgage payment with no hedge against inflation and a mortgage gives you that and plenty of money leftover to invest in stock market. I’m on my 3rd property over the past 10 years and I can say it’s done better than the stock market. Maintenance on a 2000 square foot house isn’t much at all (separate from renovation costs).
If your thinking is “just buy a cheaper house” you’re basically saying that he should then spend $50k/year on private school for each kid in a shitty neighborhood. People buying in CA aren’t buying for the house itself, they’re just buying for the neighborhood. |
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Date: June 14th, 2021 4:44 PM Author: fuchsia casino You’ve lived in three homes for the past 10 years?
If you save $1.5m on a home, invest at 8%, that pays for private school.
I knew five people at HYPS from the bay from Prep/Branson/Harker, and one from public (Lowell). My impression is that even good school districts out there are like shit ones on the east coast. |
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Date: June 14th, 2021 9:22 PM Author: irradiated alcoholic orchestra pit cumskin I’ve only sold one, a 2br condo. That one was my one financial regret in life since it’d be worth $850k now and I got it for $335k in 2011. Rent would be $4k/mo. one is jointly with my mom who needed my help and then there’s my primary home (has appreciated 80% since 2015). I’m looking to buy another property as a primary home (so we can have 2500 square feet) but never selling another property. Even things correct, it will be 20% correction back to 2019 prices.
You cannot find a livable home in reasonable commuting distance in LA county for $1.5m. With wfh ending and places being hybrid, you can’t live too far out. You need at least $2m, which is like my current home, which is a 1600 shithole that we renovated but is still old and small. more like $2.5m, you’ll get 2000 square feet. I imagine it’s even more inflated in the Bay Area. I don’t believe there will be such a mass exodus of entire industries from Bay Area which is what’s required for a total collapse. The value of LA is more tied to better weather and proximity to the beach and other rich lifestyle areas. |
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Date: June 15th, 2021 12:48 AM Author: fuchsia casino Maybe you glossed over this part, but I was talking about primary residences—not income generating properties. OP isn’t collecting rent.
Aside from that, Zillow’s measure of real estate values shows Calabasas is up about 20% since 2015. If you’ve made 80%, it has nothing to do with “investing in real estate,” and everything to do with the fact that you either bought it for 30% under market value or you know a broker who can sell it for 40% over market value. Also, you paid taxes this whole time. You had maintenance. And you had to service a >3% mortgage, which, by the way, is 19% in interest. Any gains on property value were simply used to pay down the mortgage.
The S&P on the other hand is up 141% since 2015. So, no, you did not beat the S&P unless you’re the Sam fucking Zell of Calabasas. (My guess is you’re including the appreciation of the value of your house due to your renovation, but not including the cost of it, and you in fact have only gained a few percent if anything on your primary residence)
I agree though that LA is better than SF for RE stability. LA will at least always be a vacation destination of sorts.
P.S, I know sometimes I get mean and terse with you, but I enjoy our little spats. I get mad and go overboard sometimes (as do you), but in the end, life is better getting into spats with you than it is not. That said, I cannot guarantee I never call you a ‘cunt’ again, but know that there’s more love than hate from me to you. |
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Date: June 15th, 2021 7:30 AM Author: Aqua milk dumb slantfaced cunt got BTFO (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42629945) |
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Date: June 15th, 2021 4:09 PM Author: fuchsia casino Not really. I’m just having a discussion. She can be mistaken by some things and there ain’t nothing wrong with it. XO is here to intellectually ERICH us, bro. And maybe she’s about to drop some knowledge that helps us understand how she did what she did. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42632490) |
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Date: June 15th, 2021 5:47 PM Author: Self-absorbed gunner Honestly, I love these threads. I recently bought my first 7 fig property and felt like I was insane, even though I make close to the OP's income. The idea of paying 3x as much in a much higher tax/COL area made me feel sick but made me feel much better about my own choices. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42633028) |
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Date: June 12th, 2021 12:55 PM Author: aggressive address cr (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42615836) |
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Date: June 13th, 2021 12:37 AM Author: Self-absorbed gunner That isn't how high salaries work. Half of more of that is probably bonus, rsus, psus, etc. This is going to be a huge chunk of his normal monthly post-tax take-home. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42619257) |
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Date: June 13th, 2021 5:03 PM Author: Excitant generalized bond chapel (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42621929) |
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Date: June 15th, 2021 6:31 PM Author: Charismatic school cafeteria "People are seriously fretting that a guy who makes EIGHT HUNDRED THOUSAND DOLLARS can afford to pay $12 k a month on a house?"
OP doesn't make $800k. OP makes like $450k. Taxes, 401k, healthcare insurance (and bills) aren't optional. And when people make $800k that's usually "based on a normal year." Shitty year where bonuses get slashed? Suddenly OP is very nervous. |
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Date: June 16th, 2021 11:10 AM Author: twisted mental disorder half-breed credited. also nutella is vastly overstating how easily replaceable an 800K salary is. plenty of people end up losing those kind of jobs and having to take a huge pay cut. tight labor markets dont last forever either. (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#42636145) |
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Date: June 17th, 2022 3:39 PM Author: Umber Church Building Circlehead (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#44700333) |
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Date: September 21st, 2024 12:26 PM Author: Darsint This worked out ok fwiw (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#48116831) |
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Date: September 21st, 2024 12:34 PM Author: Soren "Bob" Odenkierkegaard (http://www.autoadmit.com/thread.php?thread_id=4854797&forum_id=2#48116858) |