Feel the booming economy
Comments
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Now you're Flirtin' with DisasterMikeDamone said:
Yes..I realize a lot of people live in shitty houses in shitty places and spend time in the above ground pool from Walmart while listening to Molly Hatchet and working on there 1978 ford ranger and are happy. I’m sure that person could retire on less than 1.1 million.SFGbob said:
For you maybe it would suck. For others, they'd be fine with it. C'est la vieMikeDamone said:
So live in south western Georgia and don’t travel. Sounds awesome.SFGbob said:
Depends on where you live. 1.1 Million along with your Social Security and a paid off mortgage. You're not taking month long trips to Europe, but you're not eating cat food either.MikeDamone said:
1,1 million? Maybe if I died 2 years after retirement.RaceBannon said:You don't want to retire anyway
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It'll be like leaving lost Vegas. But with crappy chicken wingsMikeDamone said:
That’s doablePitchfork51 said:
What about a month long trip to the barMikeDamone said:
So live in south western Georgia and don’t travel. Sounds awesome.SFGbob said:
Depends on where you live. 1.1 Million along with your Social Security and a paid off mortgage. You're not taking month long trips to Europe, but you're not eating cat food either.MikeDamone said:
1,1 million? Maybe if I died 2 years after retirement.RaceBannon said:You don't want to retire anyway
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No love for ButtPlug at DOT?SFGbob said:This recession will be much easier to deal with knowning that we have a women Treasury Sec, a gay immigrant Press Secretary and a Trannie at the HHS.
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How did you find my retirement goal sheet?MikeDamone said:
Yes..I realize a lot of people live in shitty houses in shitty places and spend time in the above ground pool from Walmart while listening to Molly Hatchet and working on their 1978 ford ranger in the front yard might be happy. I’m sure that person could retire on less than 1.1 million.SFGbob said:
For you maybe it would suck. For others, they'd be fine with it. C'est la vieMikeDamone said:
So live in south western Georgia and don’t travel. Sounds awesome.SFGbob said:
Depends on where you live. 1.1 Million along with your Social Security and a paid off mortgage. You're not taking month long trips to Europe, but you're not eating cat food either.MikeDamone said:
1,1 million? Maybe if I died 2 years after retirement.RaceBannon said:You don't want to retire anyway
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I could retire overseas comfortably on 1.1 million np.MikeDamone said:
Yes..I realize a lot of people live in shitty houses in shitty places and spend time in the above ground pool from Walmart while listening to Molly Hatchet and working on their 1978 ford ranger in the front yard might be happy. I’m sure that person could retire on less than 1.1 million.SFGbob said:
For you maybe it would suck. For others, they'd be fine with it. C'est la vieMikeDamone said:
So live in south western Georgia and don’t travel. Sounds awesome.SFGbob said:
Depends on where you live. 1.1 Million along with your Social Security and a paid off mortgage. You're not taking month long trips to Europe, but you're not eating cat food either.MikeDamone said:
1,1 million? Maybe if I died 2 years after retirement.RaceBannon said:You don't want to retire anyway
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This. And more Americans than ever are choosing that route.UW_Doog_Bot said:
I could retire overseas comfortably on 1.1 million np.MikeDamone said:
Yes..I realize a lot of people live in shitty houses in shitty places and spend time in the above ground pool from Walmart while listening to Molly Hatchet and working on their 1978 ford ranger in the front yard might be happy. I’m sure that person could retire on less than 1.1 million.SFGbob said:
For you maybe it would suck. For others, they'd be fine with it. C'est la vieMikeDamone said:
So live in south western Georgia and don’t travel. Sounds awesome.SFGbob said:
Depends on where you live. 1.1 Million along with your Social Security and a paid off mortgage. You're not taking month long trips to Europe, but you're not eating cat food either.MikeDamone said:
1,1 million? Maybe if I died 2 years after retirement.RaceBannon said:You don't want to retire anyway
*Don't make me go find the article. -
Costa Rica here I come bitches!
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I actually plan on chilling in Panama City for a few months next yearSwaye said:Costa Rica here I come bitches!
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A recent list of the Top-5 places to retire if you're pour? or just want to live very well.
Panama
Costa Rica
Mexico
Portugal
Colombia
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There's a reason why I'm fine watching Caribbean life with the wife. Long-game for the retirement move.
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The only reason housing prices haven’t cratered is because there’s very little inventory. People are not wanting to sell their homes, With more and more jobs being done remotely, people don’t have to move for new jobs as much.RaceBannon said:High mortgage rates are good
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And don’t feel like trading in their 3% mortgage for a 5-6% one.greenblood said:
The only reason housing prices haven’t cratered is because there’s very little inventory. People are not wanting to sell their homes, With more and more jobs being done remotely, people don’t have to move for new jobs as much.RaceBannon said:High mortgage rates are good
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Yep. Hoping to HELOC in to our next one in a couple years, too. Anybody who sells out of their 3% rate is a fool.Bob_C said:
And don’t feel like trading in their 3% mortgage for a 5-6% one.greenblood said:
The only reason housing prices haven’t cratered is because there’s very little inventory. People are not wanting to sell their homes, With more and more jobs being done remotely, people don’t have to move for new jobs as much.RaceBannon said:High mortgage rates are good
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Inventory has doubled from historic lows, but is still extremely low versus a balanced market. No more 20% annual appreciation and bidding wars, but don't expect to see huge drops, either. Will be interesting to see how appraisals shake out as many comps the past year were bidding war prices and not actual values.greenblood said:
The only reason housing prices haven’t cratered is because there’s very little inventory. People are not wanting to sell their homes, With more and more jobs being done remotely, people don’t have to move for new jobs as much.RaceBannon said:High mortgage rates are good
Also, new home starts are already dropping so that harms supply further. -
All valid points - my personal belief is the slowing of real estate will be much more regionalized than in the past. The exodus of workers to more friendly climes will maintain demand in those areas enough to offset more historic interest rates (the crack of 3% mortgages the last decade will need to be sent to rehab).BleachedAnusDawg said:
Inventory has doubled from historic lows, but is still extremely low versus a balanced market. No more 20% annual appreciation and bidding wars, but don't expect to see huge drops, either. Will be interesting to see how appraisals shake out as many comps the past year were bidding war prices and not actual values.greenblood said:
The only reason housing prices haven’t cratered is because there’s very little inventory. People are not wanting to sell their homes, With more and more jobs being done remotely, people don’t have to move for new jobs as much.RaceBannon said:High mortgage rates are good
Also, new home starts are already dropping so that harms supply further.
Overpriced shitholes like PDX, SEA SF and LA will feel the pain much more than Texas, Utah, Idaho and other more moderately priced markets.
They'll also bounce back faster if and when the adults get back in charge but we've seen this boom bust cycle in the past.
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Yes it has cycled wildly here in Idaho before. We'll see how some of these transplants do with winter. It's funny to watch but hard to get anywhere.PurpleThrobber said:
All valid points - my personal belief is the slowing of real estate will be much more regionalized than in the past. The exodus of workers to more friendly climes will maintain demand in those areas enough to offset more historic interest rates (the crack of 3% mortgages the last decade will need to be sent to rehab).BleachedAnusDawg said:
Inventory has doubled from historic lows, but is still extremely low versus a balanced market. No more 20% annual appreciation and bidding wars, but don't expect to see huge drops, either. Will be interesting to see how appraisals shake out as many comps the past year were bidding war prices and not actual values.greenblood said:
The only reason housing prices haven’t cratered is because there’s very little inventory. People are not wanting to sell their homes, With more and more jobs being done remotely, people don’t have to move for new jobs as much.RaceBannon said:High mortgage rates are good
Also, new home starts are already dropping so that harms supply further.
Overpriced shitholes like PDX, SEA SF and LA will feel the pain much more than Texas, Utah, Idaho and other more moderately priced markets.
They'll also bounce back faster if and when the adults get back in charge but we've seen this boom bust cycle in the past. -
Fuck Steve Kerr and anything north of Appleway on 95.Sledog said:
Yes it has cycled wildly here in Idaho before. We'll see how some of these transplants do with winter. It's funny to watch but hard to get anywhere.PurpleThrobber said:
All valid points - my personal belief is the slowing of real estate will be much more regionalized than in the past. The exodus of workers to more friendly climes will maintain demand in those areas enough to offset more historic interest rates (the crack of 3% mortgages the last decade will need to be sent to rehab).BleachedAnusDawg said:
Inventory has doubled from historic lows, but is still extremely low versus a balanced market. No more 20% annual appreciation and bidding wars, but don't expect to see huge drops, either. Will be interesting to see how appraisals shake out as many comps the past year were bidding war prices and not actual values.greenblood said:
The only reason housing prices haven’t cratered is because there’s very little inventory. People are not wanting to sell their homes, With more and more jobs being done remotely, people don’t have to move for new jobs as much.RaceBannon said:High mortgage rates are good
Also, new home starts are already dropping so that harms supply further.
Overpriced shitholes like PDX, SEA SF and LA will feel the pain much more than Texas, Utah, Idaho and other more moderately priced markets.
They'll also bounce back faster if and when the adults get back in charge but we've seen this boom bust cycle in the past.
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Have you been to my house? Switch out the Ranger with a Bronco and you have described my real life Shangri-la.MikeDamone said:
Yes..I realize a lot of people live in shitty houses in shitty places and spend time in the above ground pool from Walmart while listening to Molly Hatchet and working on their 1978 ford ranger in the front yard might be happy. I’m sure that person could retire on less than 1.1 million.SFGbob said:
For you maybe it would suck. For others, they'd be fine with it. C'est la vieMikeDamone said:
So live in south western Georgia and don’t travel. Sounds awesome.SFGbob said:
Depends on where you live. 1.1 Million along with your Social Security and a paid off mortgage. You're not taking month long trips to Europe, but you're not eating cat food either.MikeDamone said:
1,1 million? Maybe if I died 2 years after retirement.RaceBannon said:You don't want to retire anyway
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I had a real estate friend mention that the Elon effect of forcing his employers back to work could also come in to play here. The rest of tech are watching.PurpleThrobber said:
All valid points - my personal belief is the slowing of real estate will be much more regionalized than in the past. The exodus of workers to more friendly climes will maintain demand in those areas enough to offset more historic interest rates (the crack of 3% mortgages the last decade will need to be sent to rehab).BleachedAnusDawg said:
Inventory has doubled from historic lows, but is still extremely low versus a balanced market. No more 20% annual appreciation and bidding wars, but don't expect to see huge drops, either. Will be interesting to see how appraisals shake out as many comps the past year were bidding war prices and not actual values.greenblood said:
The only reason housing prices haven’t cratered is because there’s very little inventory. People are not wanting to sell their homes, With more and more jobs being done remotely, people don’t have to move for new jobs as much.RaceBannon said:High mortgage rates are good
Also, new home starts are already dropping so that harms supply further.
Overpriced shitholes like PDX, SEA SF and LA will feel the pain much more than Texas, Utah, Idaho and other more moderately priced markets.
They'll also bounce back faster if and when the adults get back in charge but we've seen this boom bust cycle in the past.