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***Official Real Estate Thread***

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bluemarlin04

Michael Peterson status
Aug 13, 2015
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PRCD

PRCD

Tom Curren status
Feb 25, 2020
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r32

Administrator
Staff member
Apr 1, 2005
18,107
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Cambria
I know it seems obvious but a good reminder.

When JP Morgan or Goldman Sachs..

pimping crypto = generating demand to sell into
shitting on crypto = drive down price so they can accumulate more
 
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bluemarlin04

Michael Peterson status
Aug 13, 2015
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r32 said:
I know it seems obvious but a good reminder.

When JP Morgan or Goldman Sachs..

pimping crypto = generating demand to sell into
shitting on crypto = drive down price so they can accumulate more
Click to expand...
They did that with MBS and bond ratings. Look how well that turned out for everyone
 
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r32

Administrator
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Apr 1, 2005
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bluemarlin04 said:
Huh?
were you not around for 2007/8?
Click to expand...
Ah yes. That event. I thought you were referring to something more recent. That feels like a lifetime ago, even though I remember it like it was yesterday. I will forever kick myself for not having the money at that time to scoop up multiple homes, when they lost more than half their value.
 
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bluemarlin04

Michael Peterson status
Aug 13, 2015
2,565
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r32 said:
Ah yes. That event. I thought you were referring to something more recent. That feels like a lifetime ago, even though I remember it like it was yesterday. I will forever kick myself for not having the money at that time to scoop up multiple homes, when they lost more than half their value.
Click to expand...
I remember being a young new officer stationed in San Diego and looking at cottages walking distance to ocean beach going for 450k.

I decided I wasn’t sure I’d want to deal with a rental and was only going to be there for 2 years so passed.
 
surfadelphia

surfadelphia

Nep status
Nov 15, 2010
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Trying to buy in interior south jersey, suburbs of philly. There's only a few walkable towns that are not strip mall, divided highway hell and there's pretty much zero inventory. It's fucking depressing
 
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donuts

donuts

Tom Curren status
Jan 23, 2005
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@ the fun house
surfadelphia said:
Trying to buy in interior south jersey, suburbs of philly. There's only a few walkable towns that are not strip mall, divided highway hell and there's pretty much zero inventory. It's fucking depressing
Click to expand...
which towns down there are walkable, uncreepy...?

strip mall/divided highway is a pretty good description of the small bits i’m somewhat familiar with...

:shrug:
 
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donuts

donuts

Tom Curren status
Jan 23, 2005
12,237
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@ the fun house
bluemarlin04 said:
NJ suburbs is crazy expensive and property taxes are insane there.

Know someone paying 24k a year in prop tax
Click to expand...
you get fvcked pretty much everywhere in the state, but in many towns you REALLY get fvcked...

.:dancing:



nassau, suffolk & westchester counties in ny all make you eat an extra-large bowl of sh!t too...
 
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bluemarlin04

Michael Peterson status
Aug 13, 2015
2,565
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donuts said:
you get fvcked pretty much everywhere in the state, but in many towns you REALLY get fvcked...

.:dancing:



nassau, suffolk & westchester counties in ny all make you eat an extra-large bowl of sh!t too...
Click to expand...
What was crazy to me was learning about the commuter tax. Had family in metuchon. Learned if you commute into NYC you gotta pay on that too.

And apparently there is an exit tax in New Jersey if you sell your house and move out of state.
 
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