930 Forums
=> GENERAL DISCUSSION => Topic started by: Charlie Nakatestes, Japanese Golfer on March 25, 2005, 12:12:00 pm
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I can walk to bars and buy $3 cans of shit beer. You, on the other hand, have to drive and thereby fuck up the world.
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you can get shot and mugged while walking to those bars to drink your shitty beer, while i can just read about it happening.
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living in a crappy plywood townehome complex surrounded by asphalt is a "meaningful" existence.
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Sounds like you have it rough. i will shed a tear for you.
Originally posted by bdesh:
living in a crappy plywood townehome complex surrounded by asphalt is a "meaningful" existence.
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it's half the dc location, and half the fact that i don't sit in an suv for 2 hours a day singing along to the latest velvet revolver song and wondering where i can get one of those awesome magnetic ribbons.
btw. i seem to have somehow acquired several dozen extra magnetic "support our troops" ribbons (made in taiwan). if you want one, you'd better have an interesting use for it.
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Originally posted by chimbly sweep:
i don't sit in an suv for 2 hours a day singing along to the latest velvet revolver song and wondering where i can get one of those awesome magnetic ribbons.
Chimbley, I'm a city dweller tried and true, but that's an awful harsh stereotype of folks living outside the District. I don't have one friend in VA or MD with (1) an SUV, (2) a friggin' ribbon, (3) a velvet revolver CD.
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Screw YOU! I got a three car garage PLUS there's a Best Buy and TGIF like a mile from my house. The 'burbs rock.
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From my 4 BR suburban single family home, I can sit nude on on my private deck and enjoy all of the beautiful trees and birds in my back yard. I can also walk to Giant or Whole Foods, where I buy food and cook it better than 90% of the restuarants in DC. Or I can ride my bike to the train station where the train brings me non-stop to my place of work in 35 minutes. I can also run or bike on the 3.7 mile trail or the off-road trails in a park less than a mile from my home. All of that for a lower cost than buying a condo in an "upcoming" part of the city.
Not every suburbanite lives Chimbley's lame little suburban fantasy. :D
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Originally posted by Bags:
I don't have one friend in VA or MD with (1) an SUV, (2) a friggin' ribbon, (3) a velvet revolver CD.
uh-oh.
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why my life in a 2 bedroom townhouse in baltimore is more meaningful than your life in 1 bedroom NWDC
i can walk to bars and buy $1 cans of natty-boh
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<img src="http://www.jivemagazine.com/images/smileys/boh.gif" alt=" - " />
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how the hell has this turned into a real thread about this topic again, jesus christ (died today or something)
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Originally posted by Charlie Nakatestes, Japanese Golfer:
Sounds like you have it rough. i will shed a tear for you.
Originally posted by bdesh:
living in a crappy plywood townehome complex surrounded by asphalt is a "meaningful" existence.
[/b]
i live in DC. from the thread you started, i thought this was YOUR existence. it seems like you just wanted to put down people that live in DC and explain to everyone how great your life in the suburbs is. i'm not quite sure why though...
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'cause he needs reassurance about how great his life in the suburbs is. Else he forgets.
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This has got to be one of the most lame debates ever. Can't we all just agree that some people like the city and some like the 'burbs? For those trying to be funny, its just not creative.
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Okay.
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Or you could just spend the night at your friend's house and not fuck up the whole world....while you on one hand pay alot more for your tiny apartment than I pay for my huge one.
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or you could realize that we've been rehashing this debate on this board for years, that certain people who shall not be named keep bringing it up again (note-- not me!) and that the people involved in the debate feel very passionately about the issue and none of us are going to change our minds.
basically, we're being tongue in cheek by now.
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the coolest thing is when the lives of suburban and urban people creatively mesh, like the time this girl called me up and invited herself over to my apartment at 2am, after a night of clubbing because she didn't want to drive all the way back to Woodbridge. I am staunchly against drunk driving so of course I let her come over. ;)
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Originally posted by Confssions of an Englsh Opium Eater:
the coolest thing is when the lives of suburban and urban people creatively mesh, like the time this girl called me up and invited herself over to my apartment at 2am, after a night of clubbing because she didn't want to drive all the way back to Woodbridge. I am staunchly against drunk driving so of course I let her come over. ;)
I hope you're likewise staunchly against taking advantage of drunk girls, but from the ;) I'm thinking you're not.
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Originally posted by jaron:
I hope you're likewise staunchly against taking advantage of drunk girls, but from the ;) I'm thinking you're not.
... and I in turn hope you're not a self-righteous simpleton who makes a habit of passsing judgement on others based on assumptions, but from your post, I'm thinking you are.
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Originally posted by bdesh:
it seems like you just wanted to put down people that live in DC and explain to everyone how great your life in the suburbs is. i'm not quite sure why though...
because he's rhett. and even though he can't really make a case for it ever, he does think he is better than everyone else.
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Originally posted by Confssions of an Englsh Opium Eater:
... and I in turn hope you're not a self-righteous simpleton who makes a habit of passsing judgement on others based on assumptions, but from your post, I'm thinking you are.
Self-righteous? Always.
Simpleton? Never.
I've got more layers of nuance then than a clitoris.
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I saw some pictures children with downs syndrome in a magazine the other day and felt bad for using the term "retard" as a pejorative for people who are just really ignorant...
I decided to replace that term with "jaron."
It seems to work...
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Originally posted by Celeste:
I decided to replace that term with "jaron."
Like oh my god, Celeste, that is so ironic. Just the other day I saw this dumb bitch piss and moan at people with a condescending smirk thinking she was really clever, and without even thinking about it, I said to my fiancee, "What a Celeste she is!"
We've totally made each other part of our vernacular. <3
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Originally posted by jaron:
<3
why do you have a balls emoticon after your post?
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Originally posted by jaron:
Just the other day I saw this dumb bitch piss and moan at people with a condescending smirk thinking she was really clever
you're giving her a lot of credit.and i dont think she's dumb either.
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Originally posted by Celeste:
Originally posted by jaron:
<3
why do you have a balls emoticon after your post? [/b]
It was supposed to be a heart, but I was constrained by the limitations of the ASCII characters.
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Originally posted by jaron:
I've got more layers of nuance then than a dick.
<img src="http://www.campquality.org.hk/discussion/images/emoticon-confused.gif" alt=" - " />
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Originally posted by Confssions of an Englsh Opium Eater:
I've got more layers of nuance then than a dick.
...more layers of nuance than a Pat O'Brien voicemail.
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I would never live in DC. DC is not NY, London, or any other large urban city where your feet or the train can take you everywhere. I'll stay in the burbs where its nice and quiet. Besides, DC is too expensive for what you get.
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Originally posted by BLACKSTORM:
DC is not NY, London, or any other large urban city where your feet or the train can take you everywhere.
its not? damn, all this time getting around without a car, guess I better go buy one after work
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Originally posted by BLACKSTORM:
I would never live in DC. DC is not NY, London, or any other large urban city where your feet or the train can take you everywhere. I'll stay in the burbs where its nice and quiet. Besides, DC is too expensive for what you get.
I agree that DC is not somewhere I would BUY, however, when I did live in the city, I could get along very well without a car...sure, it's not NYC...but you really don't need a car here any more than you would in New York...
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Actually, when I lived in DC, I found it very easy to get around by foot, or by train, to anywere I wanted to go. Unlike many cities, you really can get by without a car (provided you have no desire to drive anywhere out of the city).
In comparison to other cities, I found DC dwellers to be very staid, conservative, and boring in the way they dressed. I found people to be unfriendly. Diversity was lacking (in Northwest DC) compared to the suburbs, and many of the minority people who were there acted like the minority version of white trash. Restuarants are mediocre and overpriced compared to other cities.
I'm sure these are all things we an agree upon. But like I said, the important thing is you can get a can of $3 beer and not have to drive to get there.
Originally posted by BLACKSTORM:
I would never live in DC. DC is not NY, London, or any other large urban city where your feet or the train can take you everywhere. I'll stay in the burbs where its nice and quiet. Besides, DC is too expensive for what you get.
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Originally posted by Celeste:
Originally posted by BLACKSTORM:
I would never live in DC. DC is not NY, London, or any other large urban city where your feet or the train can take you everywhere. I'll stay in the burbs where its nice and quiet. Besides, DC is too expensive for what you get.
I agree that DC is not somewhere I would BUY, however, when I did live in the city, I could get along very well without a car...sure, it's not NYC...but you really don't need a car here any more than you would in New York... [/b]
You might be right.
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jesus christ peeps
can we please, please, please stop this fucking asinine thread???
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Originally posted by brennser:
jesus christ peeps
haven't seen any of those, but I hate peeps anyway
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I am beginning to think the person who started the thread did it as a "joke." Urban vs. suburban living is NOT A LAUGHING MATTER. Thank you.
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Originally posted by ratioci nation:
Originally posted by brennser:
jesus christ peeps
haven't seen any of those, but I hate peeps anyway [/b]
they are packaged in spanish and are sold at the little bodegas in AM, alongside the Russel Stover chocolate crosses
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Originally posted by Celeste:
I agree that DC is not somewhere I would BUY
Yeah, I hate the 20-50% annual appreciation as well....
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Originally posted by Bags:
annual appreciation as well....
Is that something like secretaries day?
(Oh Bags, I have missed you.)
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oh bags, i am sure the property value in Falls Church is tripling every year!!!! people are flocking to be closer to Frednecksburg.
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Originally posted by Bags:
Originally posted by Celeste:
I agree that DC is not somewhere I would BUY
Yeah, I hate the 20-50% annual appreciation as well.... [/b]
yeah, it's even beter than the stock market circa 1999. ;)
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Originally posted by Bags:
Originally posted by Celeste:
I agree that DC is not somewhere I would BUY
Yeah, I hate the 20-50% annual appreciation as well.... [/b]
That's hardly limited to the city. Homes in my outside-the-beltway suburbsn neighborhood have appreciated by more than 50% in the last 12 months.
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Originally posted by Bags:
Originally posted by Celeste:
I agree that DC is not somewhere I would BUY
Yeah, I hate the 20-50% annual appreciation as well.... [/b]
My house in Fairfax county has appreciated by at least 20% as well, so calm down. I just said *I* would not buy in DC. I plan to have a child and will feel more comfortable sending him or her to a public school in Fairfax County. I also feel my local tax dollars are better spent in Fairfax county than in the District. That's just my opinion. DC living has its nice points, too, but those are not the points that have the most weight for my decision.
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The way its going there is hardly going worthwhile buying anything as property taxes are almost the same as rent....
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Originally posted by ggw?:
Homes in my outside-the-beltway suburbsn neighborhood have appreciated by more than 50% in the last 12 months.
surely only because you moved there, we can't expect ALL suburban communities to do the same, especially ones with Rhett sitting nude on his deck!!!!! ugh!
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Originally posted by sonickteam:
people are flocking to be closer to Frednecksburg.
Actually, they are just trying to get further away from Baltimore.
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Originally posted by Celeste:
My house in Fairfax county has appreciated by at least 20% as well, so calm down.
a friend of mine bought her Fell Point row home in 2002 from her landlord for $48k. and sold it in December for $290k. cities are cool for that sorta shit.
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From The Economist (March 3)
America's housing bubble continues to inflate. Although the rate of increase slowed in the fourth quarter, prices were still up by 11.2% over the year. In California and Washington, DC, housing prices rose by more than 20%. Alan Greenspan, the Fed's chairman, recently admitted in congressional testimony that there may be property bubbles in ??certain areas? and a risk that prices could decline. There is certainly evidence that prices are being driven by speculative demand: a new study by the National Association of Realtors shows that one-quarter of all houses bought in 2004 were for investment, not owner-occupation.
Punishing prices, puny yields
The main reason why housing markets have cooled in Australia and Britain is that first-time buyers have been priced out and demand from buy-to-let investors has slumped. While house prices have soared, rents have risen modestly or even fallen in some cities. In America, Britain, Spain New Zealand and Australia, average net rental yields (allowing for management fees, maintenance and empty periods) have fallen to 3.5% or less, well below mortgage rates. Shane Oliver, the chief economist at AMP Capital Investors, estimates that net rental yields on houses in Sydney are only 1%. Landlords are nowhere near covering their true costs, but many still hope to make their profit from capital gains. That sounds ominously similar to the days of the dotcom bubble, when it was argued that the link between share prices and profits no longer mattered.
According to calculations by The Economist (with the help of Julian Callow of Barclays Capital), house prices are at record levels in relation to rents (ie, yields are at record lows) in America, Britain, Australia, New Zealand, France, Spain, the Netherlands, Ireland and Belgium. America's ratio of prices to rents is 32% above its average level during 1975-2000. By the same gauge, property is ??overvalued? by 60% or more in Britain, Australia and Spain, and by 46% in France (see chart).
The ratio of prices to rents is a sort of price/earnings ratio for the housing market. Just as the price of a share should equal the discounted present value of future dividends, so the price of a house should reflect the future benefits of ownership, either as rental income for an investor or the rent saved by an owner-occupier. To bring the ratio of prices to rents back to equilibrium, either rents must rise sharply or prices must fall. Yet central banks cannot allow rents to surge as this would feed into inflation. Rents directly or indirectly account for 29% of America's consumer-price index, so rising inflation would force the Fed to raise interest rates more swiftly, which could trigger a fall in house prices. Alternatively, if rents continue to rise at their current annual pace of 2.5%, house prices would need to remain flat for over ten years to bring America's ratio of house prices to rents back to its long-term norm. There is a clear risk prices might fall.
Lower real interest rates might justify a higher p/e ratio. For example, real interest rates in Ireland and Spain were reduced significantly when these countries joined Europe's single currency??though not by enough to explain the whole rise in house prices. In Britain, where tax relief on interest payments has been scrapped, real after-tax rates are close to their average over the past 30 years, and so do not justify a higher price/rent ratio. In America, too, real post-tax interest rates are not historically low, in part because mortgage-interest tax relief is worth less at lower rates of inflation. For instance, if interest rates are 10%, tax relief is 30% and inflation is 7%, the real after-tax interest rate is 0%. If interest rates are 6% and inflation is 3% (ie, the same gap as before), and tax rates stays the same, the real interest rate is 1.2%.
The unusual divergence between house prices and rents does not just affect investors; it also undermines the conventional wisdom that it is always better to buy a house, because ??rent is money down the drain?. Today in many countries it is much cheaper to rent than to buy.
Rent asunder
Take a two-bedroom flat in London, which you could buy for £450,000 ($865,000). To rent the same flat would currently cost £1,700 a month. In addition to a 6% mortgage rate, a buyer would face annual maintenance and insurance costs of, say, 1.25%. In the first year, the rent of £20,400 compares with total mortgage interest and maintenance payments of £33,000, a saving of £12,600. Interest payments would be less if a large deposit were paid, but in that case the income lost from not investing that money elsewhere has to be taken into account.
Assume that rents rise by 3% a year, in line with wages, while house prices from now on rise in line with inflation of 2%. At the end of seven years (the average time before the typical homeowner moves), you would be almost £35,000 better off renting, taking account of the capital appreciation and buying and selling costs. In other words, even without a fall in real house prices??which many believe to be likely??buying a house in Britain today seems a poor investment.
The figures look even more striking in the San Francisco Bay Area, where it is possible to rent an $800,000 house for $2,000 a month. Making the same assumptions about rents and house prices, but also deducting tax relief on a fixed-rate mortgage and adding property taxes, a buyer would pay $120,000 more over seven years than if he had rented. House prices in San Francisco would need to rise by at least 4% a year (2% in real terms) for it to prove cheaper to buy a house. Since 1950 American house prices in real terms have risen by an annual average of just over 1%. To expect them to rise faster from their current dizzy heights smacks of irrational exuberance, to say the least.
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Originally posted by Miss MaRpIe:
The way its going there is hardly going worthwhile buying anything as property taxes are almost the same as rent....
not exactly...theoretically you could say that they're like the same thing, but the costs aren't even close
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Originally posted by ggw?:
Originally posted by Bags:
Originally posted by Celeste:
I agree that DC is not somewhere I would BUY
Yeah, I hate the 20-50% annual appreciation as well.... [/b]
That's hardly limited to the city. Homes in my outside-the-beltway suburbsn neighborhood have appreciated by more than 50% in the last 12 months. [/b]
I NEVER said it was limited to the city...
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Originally posted by Celeste:
not exactly...theoretically you could say that they're like the same thing, but the costs aren't even close
i think either way you look at it, renting is pissing your money away. and you can deduct your interest paid on your mortgage, no?
i just dont see paying a landlord all that money just so he can kick your ass out one day.........
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Originally posted by ggw?:
From The Economist (March 3)
Thanks. Nice article. I could not afford to buy the place we rent...
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Originally posted by sonickteam:
Originally posted by Celeste:
not exactly...theoretically you could say that they're like the same thing, but the costs aren't even close
i think either way you look at it, renting is pissing your money away. and you can deduct your interest paid on your mortgage, no?
i just dont see paying a landlord all that money just so he can kick your ass out one day......... [/b]
well, technically, if your house is paid for but you can't pay your property taxes, the county can take your house...so you're never truly safer...though that may be a highly unlikely sceanrio for most homeowners...
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Originally posted by Bags:
Originally posted by Celeste:
I agree that DC is not somewhere I would BUY
Yeah, I hate the 20-50% annual appreciation as well.... [/b]
No kidding. It sucks that my house is now worth 150% more than it was in 2001.
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Originally posted by Celeste:
Originally posted by Bags:
Originally posted by Celeste:
I agree that DC is not somewhere I would BUY
Yeah, I hate the 20-50% annual appreciation as well.... [/b]
My house in Fairfax county has appreciated by at least 20% as well, so calm down. I just said *I* would not buy in DC. I plan to have a child and will feel more comfortable sending him or her to a public school in Fairfax County. I also feel my local tax dollars are better spent in Fairfax county than in the District. That's just my opinion. DC living has its nice points, too, but those are not the points that have the most weight for my decision. [/b]
My house in Falls Church has doubled in value from the time I bought it 3 years ago. Celeste I again agree with you.
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my, my, we're all in a self-congratulatory mood today aren't we!!
if all people can talk about is their equity gains then I think a bubble popping can't be too far away
I just found a bunch of perfectly preserved newspapers from 1941 in my attic...now THATS cool...
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heh... the Bible states that the Lord will SMITE those with ill-gotten gains, and cast them into a lake of brimstone.....
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I don't know about a bubble popping, but things have got to plateau soon. I mean, I love my house, but I can't see the value of it going up and up and up...it just doesn't make sense to me.
What determines these values other than what people are willing to pay or not? I know there are a lot of jobs here in the DC metro area and that there are a good amount of amenities, or whatever, but what justifies these places going for what they go for? It's crazy! And who can afford them?
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my rent has doubled in 3 years, beat that! woo hoo
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Originally posted by Celeste:
I don't know about a bubble popping, but things have got to plateau soon. I mean, I love my house, but I can't see the value of it going up and up and up...it just doesn't make sense to me.
in some places, but places like Baltimore, well, i think its a long way from reaching a plateau. houses are going for 80k and meanwhile, 2 blocks away they are building 400k condos. looks like a good investment in my book, even if it is kinda 'ghetto' right now.
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yes, Balto is still a great place to buy/invest but less so with every passing week
Originally posted by sonickteam:
Originally posted by Celeste:
I don't know about a bubble popping, but things have got to plateau soon. I mean, I love my house, but I can't see the value of it going up and up and up...it just doesn't make sense to me.
in some places, but places like Baltimore, well, i think its a long way from reaching a plateau. houses are going for 80k and meanwhile, 2 blocks away they are building 400k condos. looks like a good investment in my book, even if it is kinda 'ghetto' right now. [/b]
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Originally posted by brennser:
yes, Balto is still a great place to buy/invest but less so with every passing week
why would you say that? true neighborhoods are being swallowed up whole, but new ones are popping up all the time. Canton and Fells Point are done as far as investing, but more places are hotspots now (even Highlandtown!!!)
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Where are all the poor people going?
Originally posted by sonickteam:
Originally posted by brennser:
yes, Balto is still a great place to buy/invest but less so with every passing week
why would you say that? true neighborhoods are being swallowed up whole, but new ones are popping up all the time. Canton and Fells Point are done as far as investing, but more places are hotspots now (even Highlandtown!!!) [/b]
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I'm not disagreeing w/ you - alls I'm saying is that a house that was 80k last year is 120k this year - like most people I'd rather buy at 80 than 120
Originally posted by sonickteam:
Originally posted by brennser:
yes, Balto is still a great place to buy/invest but less so with every passing week
why would you say that? true neighborhoods are being swallowed up whole, but new ones are popping up all the time. Canton and Fells Point are done as far as investing, but more places are hotspots now (even Highlandtown!!!) [/b]
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Originally posted by Charlie Nakatestes, Japanese Golfer:
Where are all the poor people going?
i dont know and i dont care. but they are building a lot of low income housing around town too. half of the freakin poor neighborhoods are boarded up rowhomes anyway. i dont think that many people even LIVE in Baltimore anymore....
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Originally posted by brennser:
I'm not disagreeing w/ you - alls I'm saying is that a house that was 80k last year is 120k this year - like most people I'd rather buy at 80 than 120
very true...which is why i feel like I am in a race to get one!!!!
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$400K townhomes. Who the fuk is buying these? How many doctors and lawyers can there possibly be?
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$400K translates to maybe $2200/month mortgage and property taxes, given current mortgage rates, I think. If you're a two wage earner income family, you needn't be doctors or lawyers to afford that.
But I agree that $400K for a townhouse sucks ass.
Originally posted by green door:
$400K townhomes. Who the fuk is buying these? How many doctors and lawyers can there possibly be?
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Who the fuk is buying these?
people who can spell
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Originally posted by green door:
$400K townhomes. Who the fuk is buying these? How many doctors and lawyers can there possibly be?
i ask the same question! apparently a lot of people are moving from DC to Baltimore cause your $400k townhouse in Baltimore is $650k in DC.
and i think there can be an infinite amount of lawyers.....and can we ever have enough doctors?
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Originally posted by sonickteam:
and i think there can be an infinite amount of lawyers.....and can we ever have enough doctors?
what do you mean?
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Originally posted by brennser:
Who the fuk is buying these?
people who can spell [/b]
what an asshole
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much better!
Originally posted by green door:
Originally posted by brennser:
Who the fuk is buying these?
people who can spell [/b]
what an asshole [/b]
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<img src="http://homepage.ntlworld.com/spacedog/jeraffebig.jpg" alt=" - " />
Originally posted by Confssions of an Englsh Opium Eater:
heh... the Bible states that the Lord will SMITE those with ill-gotten gains, and cast them into a lake of brimstone.....
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and THAT pretty much says it all!
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Originally posted by Celeste:
Originally posted by sonickteam:
and i think there can be an infinite amount of lawyers.....and can we ever have enough doctors?
what do you mean? [/b]
surely we wont ever have an "over abundance" of lawyers. we find new ways to sue one another every day. and we can never have enough doctors. right? there wasnt any hidden meaning in what i said really. do you think we have too many doctors?
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Dark Horizons for the Real Estate Market (http://www.dcist.com/archives/2005/03/28/dark_horizons_for_the_real_estate_market.php#more)
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Originally posted by sonickteam2:
Originally posted by Celeste:
Originally posted by sonickteam:
and i think there can be an infinite amount of lawyers.....and can we ever have enough doctors?
what do you mean? [/b]
surely we wont ever have an "over abundance" of lawyers. we find new ways to sue one another every day. and we can never have enough doctors. right? there wasnt any hidden meaning in what i said really. do you think we have too many doctors? [/b]
I do think we can have too many of both, yes...
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do you think we have too many doctors?
we absolutely have too many doctors, and among the existing pool of doctors we have too many specialists and not enough PCPs
when there are too many doctorsa and not enough patients that leads to physician-induced demand, often for services which are of dubious clinical benefit = higher health care costs = higher premiums = less money to spend on high priced upper NW DC houses :D
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Originally posted by Celeste:
I do think we can have too many of both, yes...
I think we ALREADY have too many lawyers, but i dont think many lawyers (or decent ones) are having trouble finding work! meaning we dont have too many.
and as long as i sit in the ER for 7 or 8 hours waiting to be seen, we dont have enough doctors.
or at best, we dont have enough doctors in the right places. whatever......there can be more.
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Originally posted by brennser:
do you think we have too many doctors?
we absolutely have too many doctors, and among the existing pool of doctors we have too many specialists and not enough PCPs
[/b]
so when i sit in the ER all day long its cause there are too many doctors?
i guess you're going to say we have too many politicians next!!!
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You do realize that there are doctors outside of emergency rooms, don't you?
Originally posted by sonickteam2:
so when i sit in the ER all day long its cause there are too many doctors?
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Originally posted by ggw?:
You do realize that there are doctors outside of emergency rooms, don't you?
apparently they are ALL outside of the emergency rooms. i suppose you've never had an emergency have you?
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Originally posted by sonickteam2:
so when i sit in the ER all day long its cause there are too many doctors?
no, it's because that pretty young resident is sick of you coming in every week to have those boils on your inner thigh lanced and she's hiding from you
<img src="http://us.ent4.yimg.com/tv.yahoo.com/images/he/photo/tv_pix/nbc/er/parminder_nagra/promo_haston.jpg" alt=" - " />
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Originally posted by sonickteam2:
apparently they are ALL outside of the emergency rooms. i suppose you've never had an emergency have you?
My experience doesn't matter, it's just that you are a moron. You take one small sliver of the medical community and assume that what has held true for you personally in that small corner of the industry must be true for the entire industry.
What were you there for anyway? Were you having a heart attack or a hangnail? Was it a life-threatening illness? Were there more serious cases in front of you?
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It burned when he peed.
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Originally posted by ggw?:
My experience doesn't matter, it's just that you are a moron.
i stopped reading your post after that. I think i have posted long enough on this board to not be called a moron like this.
until you have the respect to listen to someone else's opinion, i have nothing further to add, nor will i waste my time justifying my point to someone who will only try to prove me wrong or stupid for the point of doing so.
thanks a lot.
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Originally posted by econo:
It burned when he peed.
i just watched that seinfeld episode last night where kramer and mickey work at a hospital acting out diseases and kramer keeps getting gonorreah (sp?) ... classic ...
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I didn't realize Seinfeld had a skit on that.
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Originally posted by econo:
I didn't realize Seinfeld had a skit on that.
it's the one where elaine finds out puddy is a christian-freak and jerry dates the girl with the "tractor story" ... oh, and george walks out of the room whenever cracks a joke that goes over well ...
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I think we have too many stand-up comics.
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Originally posted by HoyaSaxa03:
it's the one where elaine finds out puddy is a christian-freak and jerry dates the girl with the "tractor story" ... oh, and george walks out of the room whenever cracks a joke that goes over well ... [/QB]
It's funny when Elaine and the preacher do the devil horn signs on their head when Puddy is told that he's going to hell for having pre marital sex.
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Apparently you were in the ER trying to get your thin skin treated.
Originally posted by sonickteam2:
Originally posted by ggw?:
My experience doesn't matter, it's just that you are a moron.
i stopped reading your post after that. I think i have posted long enough on this board to not be called a moron like this.
until you have the respect to listen to someone else's opinion, i have nothing further to add, nor will i waste my time justifying my point to someone who will only try to prove me wrong or stupid for the point of doing so.
thanks a lot. [/b]
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Originally posted by ggw?:
Dark Horizons for the Real Estate Market (http://www.dcist.com/archives/2005/03/28/dark_horizons_for_the_real_estate_market.php#more)
My question on the bubble bursting in DC is that, for quite some time, DC was undervalued via real estate compared to comparable cities (though Chicago was as well, and I believe still is compared to DC's real estate growth). I certainly believe there will be a slowdown or stagnation for a while, but I'm not so sure there will be a burst here in DC with a very steady employment scene and prices that now are comparable to L.A., still far under N.Y.C., etc. [PS, no, I'm not saying DC is comparable to NYC as a city...]
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as i've said before, if there is a major terrorist attack (which is quite possible, if not probable) in this city, their could be panic with real estate prices ... i'm not sure why people aren't taking this into account when they talk about the issue ...
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Originally posted by HoyaSaxa03:
as i've said before, if there is a major terrorist attack (which is quite possible, if not probable) in this city, their could be panic with real estate prices ... i'm not sure why people aren't taking this into account when they talk about the issue ...
But there wasn't last time...are you thinking of something huge, focused on DC?
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Originally posted by Bags:
Originally posted by HoyaSaxa03:
<img src="http://www.freakingnews.com/entries/10000/10013VbDA_w.jpg" alt=" - " />
But there wasn't last time...are you thinking of something huge, focused on DC? [/b]
Maybe he's a member (http://tinyurl.com/luug) of the team planning the next one?
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Originally posted by Bags:
My question on the bubble bursting in DC is that, for quite some time, DC was undervalued via real estate compared to comparable cities (though Chicago was as well, and I believe still is compared to DC's real estate growth). I certainly believe there will be a slowdown or stagnation for a while, but I'm not so sure there will be a burst here in DC with a very steady employment scene and prices that now are comparable to L.A., still far under N.Y.C., etc. [PS, no, I'm not saying DC is comparable to NYC as a city...]
The problem with that argument is that it assumes that prices should fundamentally be equal across cities. That's not the case.
The dangers to the real estate market are more related to the fact that prices seem detached from the fundamentals. That is, unless rents rise sharply or if the outsized capital appreciation continues, it is unlikely that one would make one's money back on a home purchased today.
Moreover, people are leveraged out the wazoo. The Wall Street Journal had an article a few weeks back noting that many people, in the wake of the dot-com bubble bursting, have shifted their savings from the stock market to real estate. Not coincidentally, it's many of the same people who lost money in stocks who are now making speculative real estate investments. Furthermore, people have been taking loads of equity out of their homes (in 2004, U.S. households borrowed $820bn in the mortgage market but only bought $540bn in homes). About a third of new mortgages (including refis) are short-term or interest-only packages.
Hence, the concern is that as rates rise and the economy cools off, people will be squeezed -- they don't have any savings to protect them -- and they will be forced to sell their homes to pay off their debts; and they will be selling into a poor market, since higher rates will dampen demand, and they will have to lower the price to attract buyers, yadda yadda yadda...setting off a deflationary debt liquidation cycle (in a worst case scenario) or simply meaning that prices will plateau (best case scenario).
There is little reason to believe a scenario in which real estate will continue to appreciate, since there is little room left for leverage and since the pool of renters continues to get smaller.
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Originally posted by Bags:
But there wasn't last time...are you thinking of something huge, focused on DC?
i shudder to think of government web crawlers logging my IP address as we speak .... i'm just saying that if something big happens, it could depress the real estate market ... who knows if it will or not ...
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I'm not arguing, ggw, I'm asking. I am *far* from an economics theory literate person, and I do not enjoy following any of this.
My situation is that I make a relative good income, and am having real problems (I've had employment fluctuations and changes that kept me from buying 5, 4, 3 years ago -- as everyone says now, I should have done it anyway, but it wasn't necessarily insane that I didn't).
I ask every day, how can this go on. I'm not looking for a place to build my wealth from, to use for equity down the line, etc (I would never consider an interest only loan, but I know how many folks are doing that...). I need a place to live that will get me out of my current tax situation. And hopefully it will appreciate.
Blech, I keep swearing I won't keep talking (or asking) about this, but it's hard to avoid.
I do, though, still believe DC was undervalued for a good decade or so, and see some of this as a normal course correction.
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Originally posted by HoyaSaxa03:
Originally posted by Bags:
But there wasn't last time...are you thinking of something huge, focused on DC?
i shudder to think of government web crawlers logging my IP address as we speak .... i'm just saying that if something big happens, it could depress the real estate market ... who knows if it will or not ... [/b]
As Bagster said, it has already happenned and prices went way, way up.
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Originally posted by Bags:
I do, though, still believe DC was undervalued for a good decade or so, and see some of this as a normal course correction.
you also cant think of DC as a whole. neighborhoods in cities are all different. and even if/when a "bubble bursts" certain trendy neighborhoods will remain highly competetive with prices remaining out of control.
buying a place in Baltimore seems safe to me, considering that "bubble" will probably burst first in DC, plus when all those people cant afford thier houses in DC....where do you think they'll be coming.....
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Northern Virginia
Originally posted by sonickteam2:
Originally posted by Bags:
[qb]
plus when all those people cant afford thier houses in DC....where do you think they'll be coming..... [/b]
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Originally posted by Charlie Nakatestes, Japanese Golfer:
Northern Virginia
Originally posted by sonickteam2:
Originally posted by Bags:
[qb]
plus when all those people cant afford thier houses in DC....where do you think they'll be coming..... [/b]
[/b]
not everybody is content with the suburbs.
but sure, some will take it up the ass and move to suburbia.
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I do, though, still believe DC was undervalued for a good decade or so, and see some of this as a normal course correction.
I agree
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Somehow I think more city lovers end up "settling" for a cheaper place in the burbs than moving all the way up to Baltimore. I don't think that would somehow change.
Originally posted by sonickteam2:
Originally posted by Charlie Nakatestes, Japanese Golfer:
Northern Virginia
Originally posted by sonickteam2:
Originally posted by Bags:
[qb]
plus when all those people cant afford thier houses in DC....where do you think they'll be coming..... [/b]
[/b]
not everybody is content with the suburbs.
but sure, some will take it up the ass and move to suburbia. [/b]
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Originally posted by Charlie Nakatestes, Japanese Golfer:
Somehow I think more city lovers end up "settling" for a cheaper place in the burbs than moving all the way up to Baltimore. I don't think that would somehow change.
maybe more on perecentage, but MANY DC residents are moving to Baltimore as we speak.
my GF's mom and friend at work are both real estate agents and are constantly dealing with DC residents looking at Baltimore housing.
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if any "bubble" is to burst, my predicition is just that values will stop rising so rapidly and level off...I seriously doubt prices will do DOWN, and buyers would lose money on their real estate investments in this area...unless there was some catastrophic terrorist act or something...in which case, falling real estate prices would be a secondary concern
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If we weren't planning on having a child, we certainly would have given it some thought.
Originally posted by sonickteam2:
Originally posted by Charlie Nakatestes, Japanese Golfer:
Somehow I think more city lovers end up "settling" for a cheaper place in the burbs than moving all the way up to Baltimore. I don't think that would somehow change.
maybe more on perecentage, but MANY DC residents are moving to Baltimore as we speak.
my GF's mom and friend at work are both real estate agents and are constantly dealing with DC residents looking at Baltimore housing. [/b]
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Originally posted by Charlie Nakatestes, Japanese Golfer:
If we weren't planning on having a child, we certainly would have given it some thought.
hahah, you mean Thurgood Marshall Elementary School isnt where you want your child to go! ;)
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There is good reason to believe that to be true (i.e., debt levels are so high that the Fed won't let long-term rates go too high, for fear of inducing a debt crisis), however, home prices have fallen dramatically in this area before (after the 1989 peak), so real estate deflation is a definite possibility.
Originally posted by Celeste:
if any "bubble" is to burst, my predicition is just that values will stop rising so rapidly and level off...I seriously doubt prices will do DOWN, and buyers would lose money on their real estate investments in this area...unless there was some catastrophic terrorist act or something...in which case, falling real estate prices would be a secondary concern
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Originally posted by sonickteam2:
Originally posted by Charlie Nakatestes, Japanese Golfer:
If we weren't planning on having a child, we certainly would have given it some thought.
hahah, you mean Thurgood Marshall Elementary School isnt where you want your child to go! ;) [/b]
Depending on where in Springfield Mr. and Mrs. Nakatestes live, Charlie Jr. may end up attending Robert E. Lee High School.
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i think if you are a "real estate investor" it is certainly possible for you to be screwed. but if you are talking about buying one house, i dont think so. unless you are one of those who can't afford to pay a rate increase, even if the prices go down, you can either sell and get out without too much loss, or just stay there and wait it out. i dont see people jumping out thier Georgetown windows!!
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No, but Rhett Jr. or Celeste Jr. may play them in baseball or cross country...
Or maybe he/she will get the basketball genes from Celeste's uncle, who played basketball at Depaul for Ray Meyer.
Originally posted by ggw?:
Originally posted by sonickteam2:
Originally posted by Charlie Nakatestes, Japanese Golfer:
If we weren't planning on having a child, we certainly would have given it some thought.
hahah, you mean Thurgood Marshall Elementary School isnt where you want your child to go! ;) [/b]
Depending on where in Springfield Mr. and Mrs. Nakatestes live, Charlie Jr. may end up attending Robert E. Lee High School. [/b]
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Originally posted by ggw?:
Depending on where in Springfield Mr. and Mrs. Nakatestes live, Charlie Jr. may end up attending Robert E. Lee High School.
though that would please my dad greatly, I'm afraid that won't happen, based on our address