Wait until all these tech companies that aren't profitable have to deal with expensive borrowing costs.Because they are accustomed to it and this forum tilts left.
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Wait until all these tech companies that aren't profitable have to deal with expensive borrowing costs.Because they are accustomed to it and this forum tilts left.
Or when laid off crypto bros have to stop hodling Bitcoin to pay rent.Wait until all these tech companies that aren't profitable have to deal with expensive borrowing costs.
Well, as Keynes said, "The market can stay irrational longer than you can stay solvent."Wait until all these tech companies that aren't profitable have to deal with expensive borrowing costs.
I literally just showed you the overall data for Carlsbad and Encinitas that shows a ~100% increase in 3 years. What more do you need to believe it?yes, this is 1yr not 3yrs but goes to show the variance across zip codes. Cherry picking a few winners as the example is not really 100% in 3yrs.
no, you didn’t.I literally just showed you the overall data for Carlsbad and Encinitas that shows a ~100% increase in 3 years. What more do you need to believe it?
I wouldn't call that cherry picking.
on this one, I think more realistically the employees spent their stock options via margin loans to get the cash to buy their houses.Wait until all these tech companies that aren't profitable have to deal with expensive borrowing costs.
If your stock price drops then the brokerage sells the stock to cover their loan. Which means you can lose a lot of money very quickly if you received the stock as part of an option at a higher market price than the margin call.how these margin loans work, I honestly have no idea. But I do have a friends freaking out over the stock prices dropping and making payments on the interest to their margin loans.
My mistake. Redfin only shows Encinitas going up 87% from July 2019 until April 2022.none of these are “100% in 3yrs”. Yes, this is a REALLY high number in comparison to historical norms but it’s not 100%.
percent increase from April 2019 to April 2022 is 66% for all properties (1.2 to 2) and SFH’s saw 49% (1.5 to 2.24).My mistake. Redfin only shows Encinitas going up 87% from July 2019 until April 2022.
Because Hawaii is not a local real estate market anymoreI think your side should assume some burden of proof as well. Have home prices increased 50-100% in many areas due to "fundamentals" such as wage growth, good economy, and in-migration or due to other factors? If other factors such as inflation and institutional investment are the drivers why do you keep yelling, "Supply and demand" and rule-out a drastic price drop if other assets become more attractive to institutional investors?
Just got back from the Big Island. A lot of those tourists looked (and acted) like they could've been featured on People of Wal MartEverybody complains about the mean disgruntled Hawaiians but if this were the Basque Country or Northern Ireland buses and cafes would be going kaboom every so often, just to keep motherfuckers on their toes
You just get attitude on your vacation
Umm, Tulips in the 1700's? Oh wait, how'd that work out?Name one market where there was a 100% increase in 3 years.
OMG. I lived in that hood, in that model. To say it's 3 bedroom is pushing it. Our house had the biggest lot in the development. We bought in 95 for $190,000, sold in 2004 for $675,000. At that time, was the highest price ever in that hood. We felt bad, but money's money.https://www.redfin.com/CA/Encinitas/105-Rodney-Ave-92024/home/4129469
- 50% increase in 3 months. My guess is the pending that shows no price means the RE cartel is trying to drive up interest in the property since the market is stalled.
Yes, because a picked flower that will rot and die in less than a week, and provide no other value other than looking pretty for a few days, is a great comparison to a place that provides shelter and is fundamental for living a normal life. LOLZUmm, Tulips in the 1700's? Oh wait, how'd that work out?
SourceMine’s now at $1.05M. I remember when a million dollars seemed like an impossible amount of money, now it just sounds like a decent amount.
I need to remember that line next time a tourist gets their car broken into at Fisherman's Wharf, Coit Tower, GG parking spots, Twin Peaks, etc.Because Hawaii is not a local real estate market anymore
It’s global
I wish it wasn’t, because it’s fucked up and it screws people here over, but it’s only not sustainable to the extent that global capitalism is not sustainable
Everybody complains about the mean disgruntled Hawaiians but if this were the Basque Country or Northern Ireland buses and cafes would be going kaboom every so often, just to keep motherfuckers on their toes
You just get attitude on your vacation
Been like this for a while. Remember the '80s when the Japanese were buying up Hawaii like crazy?Because Hawaii is not a local real estate market anymore
It’s global
Global capitalism has a long way to go until it evolves into complete oligarchy. And even if it does, the demand for vacation homes in places like Hawaii will remain.I wish it wasn’t, because it’s fucked up and it screws people here over, but it’s only not sustainable to the extent that global capitalism is not sustainable