tOfficial Night Shift Thread v59 - Now with less Reluctant Leaders

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Hu War Yu said:
I know we could sell our house here and buy a McMansion elsewhere, but I just wouldn't wanna live in a place like Texas. Also, while I'm still working, I know I won't get paid as much anywhere else for the same job I do here, so I'd basically be in the same position.
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That was a selling point for me. When my job transferred me here, I got to keep my CA salary. With the lack of a state income tax, I sorta got a raise.
 
moxie said:
or @Mofo 's avy?
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moxie said:
I get all butthurt when I look at the tax/sales history for property around here. Always like, "DANG! Why can't I buy this million dollar house at it's $350k price tag from 2008??"
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Yep!!!
There's this one building I've loved for years ... great location, unique architecture, just kind of a dream place for me, even though it's technically a condo.
One of the units sold a few years back. I didn't even know it was on the market. I could have gotten it, chosen between living there and living here, and rented out the other place. I learned it had sold a few years back when I noticed a few months ago it was on the market. The current listing price is ... well, let's just say I have no thought of buying it, now.
 
ukfanfrombirth(cali cat) said:
Yep!!!
There's this one building I've loved for years ... great location, unique architecture, just kind of a dream place for me, even though it's technically a condo.
One of the units sold a few years back. I didn't even know it was on the market. I could have gotten it, chosen between living there and living here, and rented out the other place. I learned it had sold a few years back when I noticed a few months ago it was on the market. The current listing price is ... well, let's just say I have no thought of buying it, now.
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It's so ridiculous. Not just the cost, but how quickly the inventory moves around here, still.
 
moxie said:
It's so ridiculous. Not just the cost, but how quickly the inventory moves around here, still.
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At some point, it becomes unsustainable. I bought a house in Pasadena in 2004. At the time, I made less than half of what I make now. I would have difficulty buying that house today. House prices have far exceeded income growth.
 
moxie said:
It's so ridiculous. Not just the cost, but how quickly the inventory moves around here, still.
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Right, and with multiple offers, some of which are all cash.
It used to be an all cash offer would pretty much guarantee your offer would be the one accepted.
Now it's all cash, no inspections, and a crazy short escrow.
Maybe some of that will calm down a little, at least.
 
ukfanfrombirth(cali cat) said:
Right, and with multiple offers, some of which are all cash.
It used to be an all cash offer would pretty much guarantee your offer would be the one accepted.
Now it's all cash, no inspections, and a crazy short escrow.
Maybe some of that will calm down a little, at least.
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not to mention 4-5+% over asking price
 
ukfanfrombirth(cali cat) said:
Right, and with multiple offers, some of which are all cash.
It used to be an all cash offer would pretty much guarantee your offer would be the one accepted.
Now it's all cash, no inspections, and a crazy short escrow.
Maybe some of that will calm down a little, at least.
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Yeah, my sister & BIL just bought a place in East Sac and they were going to put an offer in, contingent on the sale of their current house, but her in-laws just fronted them the cash+ so they wouldn't lose it
 
Mofo said:
Fix that signature line and I’ll change it for you.
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Too much work. I'll just continue to skip the vast majority of your posts.;)
 
williewilliejuan said:
That was a selling point for me. When my job transferred me here, I got to keep my CA salary. With the lack of a state income tax, I sorta got a raise.
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this was a big selling point for us staying in CA when I retired. Not only would moving back to Pittsburgh mean leaving the warm, sunny weather, but the difference in my and the wife's salaries was going to mean we wouldn't be in much different of a situation than we're in now. So, we opted for the warm, sunny weather...and the wineries. must never forget the wineries.
 
wings-pens2166 said:
not to mention 4-5+% over asking price!
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It's way beyond 4-5% over asking price on a lot of places, these days.

moxie said:
Yeah, my sister & BIL just bought a place in East Sac and they were going to put an offer in, contingent on the sale of their current house, but her in-laws just fronted them the cash+ so they wouldn't lose it
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I know nothing about the housing market in the Sacramento area, but I never think of it as being even remotely "hot." It looks as though that thinking is completely wrong. Damn.
 
ukfanfrombirth(cali cat) said:
It's way beyond 4-5% over asking price on a lot of places, these days.



I know nothing about the housing market in the Sacramento area, but I never think of it as being even remotely "hot." It looks as though that thinking is completely wrong. Damn.
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yeah, that's why I put the + there. I wasn't really sure anymore. You NorCal people are just too weird keep up with :biggrin:
 
ukfanfrombirth(cali cat) said:
It's way beyond 4-5% over asking price on a lot of places, these days.



I know nothing about the housing market in the Sacramento area, but I never think of it as being even remotely "hot." It looks as though that thinking is completely wrong. Damn.
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Their purchase price was a mil and i'm like... for Sacramento?? Ew.
 
Dang. Gotta leave the house in an hour and haven't even showered yet. :pout:
 
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