Entry level California home costs up 88% since 2020.

[CloverKnollFarms]

Only when you can cash out and relocate to a less expensive area…

Seems you can only do that so many times before you end up in Mississippi

 

[ultrarunner]

Seems you can only do that so many times before you end up in Mississippi

Friends sold their 650k home 1000 square feet California home and bought a home on a couple of acres at the same time in Alabama…

He has lots of family there… she not so happy… with the lower home price came lower wages…

 

[CloverKnollFarms]

15 year fixed rates are just a tick under 6%

Actually a really reasonable rate... But doubling property values and insurance costs coupled with that is a recipe for disaster.

I'm locked in at 0%. My kids don't expect to own homes.

 

[CloverKnollFarms]

Friends sold their 650k home 1000 square feet California home and bought a home on a couple of acres at the same time in Alabama…

He has lots of family there… she not so happy… with the lower home price came lower wages…

The math doesn't change a lot, unless you are living on wealth, and not a wage. Wages and cost of living often parallel.

 

[ultrarunner]

When I bought my first got a great rate of 13.5%

As rates drop so did the interest plus appreciation really took off.

My friends said they would never own but somehow they did and now their kids say the same…

 

[Jstpssng]

Do you take advantage of a value increase, if all property values increase? Seems to me, you are going to just about break even.

I don't know. I just see people doing it.

 

[CloverKnollFarms]

When I bought my first got a great rate of 13.5%

As rates drop so did the interest plus appreciation really took off.

My friends said they would never own but somehow they did and now their kids say the same…

My son is going into a very high paying field... My daughter is a starving artist. I can see my son owning, my daughter is never going to be capable unless she marries money.

I'm planning a $3m funeral for myself, so they won't have my legacy to live on

 

[ruffdog]

Across 233 US cities, so-called “starter homes” have officially joined the millionaire’s club, turning the American Dream into a luxury listing.

The price of entry-level homeownership has surged to unprecedented heights in many parts of the United States — almost three times as just five years ago, according to new data from Zillow.

In more than 230 US cities, starter homes now cost $1M or more — nearly triple the price 5 years ago

 

[D&D]

I'm one of those "Couldn't care less people." And the whole concept of people thinking that a team is "Their Team," mystifies me. The only professional football team in the USA that is publicly owned is the Green Bay Packers.
Here in Eugene Oregon, even the local minor Baseball team, The Emeralds, are actually owned by the Elmore Sports Group, more specifically by Doug Elmore, that just so happens to own and manage other Minor teams and the concession businesses that are associated with those teams.
The Ems are about to lose the ability to play at the U of O, so there was discussion to enter a public/private partnership to build a new stadium. This was to be a bond measure. Fortunately, someone on the city council, ran the numbers, and projected that the new stadium would have an annual operations loss of $200,000 dollars, so the whole project was tabled.
So it seems now, that the Ems are going to move someplace else. Which is fine by me, since the city didn't own the team in the first place.

The Washington DC government tried to sweeten the commanders move by giving away one of the DC Air National Guard units.
Any for money sports team should not be getting any tax dollars.

No Deal: White House Says DC's F-16 Transfer to Maryland Is Off the Table

A deal last year to transfer an F-16 Fighting Falcon squadron from the District of Columbia Air National Guard to Maryland, which emerged amid talks last year to redevelop the city's RFK Stadium is off the table, the White House said.

www.military.com

 

[D&D]

Ask Oakland CA where the Raiders and Golden State Warriors have sellout crowds… they wanted a new stadium and when not forthcoming left.

Athletics also left and now play at a minor league community field.

It’s ironic in the case of the Raiders because the residents of Oakland are stuck with bond payments for the expansion Al Davis demanded to bring back the team…

Now we have empty stadium and sports arena…

Uhuh, and did taxes (bonds, services, etc) go down or up while they were playing there.