IT'S ACTUALLY FUCKING HAPPENING!!!

Can we ban "Happening" threads?

Nobody gives a fuck about Sunnyvale. It's a shithole full of Filipinos.

BUY HIGH SELL LOW
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For a poorfag like me stuck with parents that are renting out in the center of godforsaken California this is a good thing right?

I guess I'll have to bite the bullet and put my stuff in storage, get a conversion van or camper and go live mobile in California till i figure it out.. no way am I gonna miss this peak again.. I hate this fucking location

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Absolutely. Only jews and speculator boomers will throw themselves out windows now.

The panic in this guys voice
youtu.be/E1xqSZy9_4I

Time to start reclaiming multimillion dollar foreclosures stolen from the american people by foreign maritime banking cartels

I hope so because I want to fucking leave this state. My dad is actually hoping to buy back this house from the owner. Our family owned it initially but we almost lost it and then a (very) rich acquaintance from our church bought and rented it out to us. Or something to that effect.

People with money are not going to allow for this to happen. They will buy up the properties and fucking sit on them to keep prices up. I don’t know if housing in my town will EVER be reasonable ever again. Seems anytime a house hits the market, it sells for listing price to some boomer or some doctor or something that proceeds to rent it out. Small houses in my town built in the 70’s and sold back then for 30,000 or so now regularly sell for $120k and up.

So this means house prices will go down ?

>bought house 6 months ago
>its relatively expensive for what it is
Yeah im losing money on this thing

>a-at least im n-not paying rent anymore

>Market keeps going the way she is, we'll be able to buy back the paerk, boys!

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the house in which I grew up , in a rich suburb of Boston my parents bought for $25,000 on 1/4 acre in the mid 1950's . My sister and I sold it in '97 for 10x that and four years later it sold again for double that... now its worth nearly double again that~ $800k

Yes, and considering there are hundreds of billions of dollars invested in the housing market and the derivatives, that means business investments will tank, everyone's retirement accounts will tank, companies will start mass layoffs to compensate for the lost money, and we get a new recession.

Bunch of shit rats rand

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Are you saying people should have to pay taxes on the money they pay in taxes and can't spend?

it might take two months but but were gunna drop below 4750, and probably bottom out around 3500 ( where it should be)
waiting for the brick to drop again is getting tough, but im not buying at this point.

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Fuck off, Lahey

F

State governments shouldn't pass higher state taxes and sell the voters on "don't worry you can just write them off!"

That dude is an announcer, he's sounding off like an excited auctioneer. I don't detect panic. I think you're hearing what you want to hear.

So states shouldn't have taxes to fund their own projects and the federal government should control everything.

Got it.

why did you sell it? didn't your teacher tell you that real estate never goes down?

Things are getting seriously fucking bad. Gone are the days of “starter homes.” There just aren’t any more affordable homes for lower wage earners. People are getting trapped in rent cycles. And rent goes up and up and up, as HUD typically gives high-crime Welfare trash a minimum of $600 for rent. Now with millions of third-world breeders raising our population at what appears to be an exponential rate, there isn’t going to be any fucking ROOM. All they’re going to do is increase demand for section-8 type living conditions, which only pushes housing prices farther out of reach.

>sunnyvale
>not literally anywhere else

Yeah screw you. Real estate in california is a bullish market. Even if another 2008 happens, the value is still premium because california is the playground for the rich, norcal is tied to the tech market, and Socal has an additional benefit of high chinese, arab, and indian demand

When it crashes, Im going to buy it all. What now boomers? Time to pay your rent :)

Depends on your area. I into construction here, and on a higher level. It will crash in urban areas because over population and crime. We're building here with a 10% overage, and with summer coming, skilled trades are in demand. housing is going up around me. I'm being begged not to leave my current carpentry job for an electrician job.
That wouldn't happen if things were going crazy. look at jobs within 100 miles of Denver Hiring bonus, etc..
You just took a tiny screenshot of a specific area, fuckboi.

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based

kick ass, I'm starting a new STEM job and will be looking to buy property in the next few years

>3 years

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He's saying that a Texan or a Floridian shouldn't be forced to subsidize the state taxes of a shit hole like California or Jew York.

Of course you knew that already, you disingenuous faggot.

allowing residents to write their state taxes off of their federal taxes is tantamount to theft.
the big city liberal states talk a lot about federal programs but in the end pay very little for them instead relying on red states with low state taxes to subsidise them.

It was such a based move by Trump to BTFO the Bay Area and LA. And as a 5th generation resident of SF and the Bay, who doesn’t own anything, I am fucking stoked about it. Everybody is fucking leaving, which means maybe I can stay.

This.

You’re a fucking fag. It’s a tax deduction/bonus that only benefits blue state/big city owners. Plus, they didn’t even get rid of it, just put a cap on it.

It is about to drop even more if California State Bill SB50 is passed.
SB50 would allow the State to override local zoning laws in many Californian cities to allow for denser housing along "quality" public transit stops.

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Liberals love touting the benefits to the economy from illegal aliens
>muh cheap food
But they never seem to realize the cost and demand effect on everyone’s biggest and most economically crippling expense, RENT, when you add literally millions of people to the market.

>stuck with parents

fucking yikes

They always claim that "immigrants aren't to blame for expensive rent costs."

I am certain that if the ~1 million illegals in the LA and OC disappeared than there would be more street parking and cheaper rents; of course, white liberals would claim that its the transplants for expensive housing.

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No. Here's how should work in theory.
You make $100 dollars. The federal government taxes 20% (doesn't matter the amount, this is just to illustrate the point), and then your state either taxes you on something to make money for local government, be it property tax, income tax, whatever.
What was happening, was that in liberal coastal areas, the state government was taxing you let's say 15%, but somehow made it so that you were able to write it off, so the federal government's 20% - state government's 15% meant you were only paying the max of 20%, but 15% reserved in total to your state, thus depriving the rest of the country of your taxes.

This simply means that you pay your federal taxes "first", and then the local government gets its cut. The reason for the outrage is that now people are finding that they actually have to pay for the state services they want instead of receiving them to the detriment of their fellow countrymen in other states.

Why should anyone care about poor white trash in some bumbfuck frozen Canadian trailer park losing all their money? Why should anyone care for that matter?

That's not at all what he said. tl:dr; state funding can not come at the expense of paying federal taxes. It's like telling your landlord "sorry I can't pay my rent this month, but I already payed enough in bills so let me just write off those expenses to what I owe you."

Now that the burden of actually paying taxes has been presented to the tax payers, they may be less eager to vote in those who promise to raise taxes (that somehow never personally affected them).

>The Zestimate for this house is $494,524, which has increased by $11,326 in the last 30 days.
>TFW your house is making more per month than you are

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>we

Oh wow, its one neighborhood. Up 6% over the last year projected at 4% growth for the next year.

Jackass.

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