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1   SunnyvaleCA   ignore (0)   2019 Sep 6, 10:46am     ↓ dislike (1)   quote   flag        

(1) enforce all immigration laws
(2) end anchor babies
(3) end chain migration

FIFY
2   tovarichpeter   ignore (2)   2019 Sep 6, 10:56am     ↓ dislike (2)   quote   flag        

Yeah all those illegal immigrant bidding up the prices on California homes
3   OccasionalCortex   ignore (4)   2019 Sep 6, 12:48pm     ↓ dislike (1)   quote   flag        

SunnyvaleCA says
(1) enforce all immigration laws
(2) end anchor babies
(3) end chain migration


(4) Cancel all H1-Bs and give those visa holders three months to leave the country. If that means they just abandon houses, furniture, cars, etc (and the loans financing thereof), so be it.
4   Iranian_Oil_Burse   ignore (6)   2019 Sep 6, 12:57pm     ↓ dislike (1)   quote   flag        

tovarichpeter says
Yeah all those illegal immigrant bidding up the prices on California homes


Nice attempt to switch the subject. The article says about rents, not million-dollar homes: "Local rents, averaging nearly $2,000 a month, were too expensive for a retiree’s budget."

So yes, in the context of the article illegals are the problem because they create pressure on the rental market first and foremost.
5   OccasionalCortex   ignore (4)   2019 Sep 6, 1:21pm     ↓ dislike (1)   quote   flag        

Iranian_Oil_Burse says
Nice attempt to switch the subject. The article says about rents, not million-dollar homes: "Local rents, averaging nearly $2,000 a month, were too expensive for a retiree’s budget."


Inputed rent values are determined by house prices. There are factors involved on a neighborhood or even house by house basis that doesn't mean it is a 1:1 ratio, but close enough. So yes, he was correct in bringing up house prices...just that it still bit him in the ass on the point he was trying to make, as I just outlined. :)

Speaking of which...

tovarichpeter says
Yeah all those illegal immigrant bidding up the prices on California homes


And 'liar loans' are back and they are targeting illegals, just as before. And @SunnyValeCA didn't mention anything regarding illegals specifically. He mentions all immigrants -- both legal and illegal -- from what I read.
6   Tim Aurora   ignore (3)   2019 Sep 6, 1:27pm     ↓ dislike (3)   quote   flag        

Your solution to the foot pain is to cut the leg. One ( out of many) reason the prices are higher as there are good jobs in the valley. When you ask the H1-B's to leave , they may take some good jobs with them. leaving California poorer. I do not expect any better from a Trump follower.


OccasionalCortex says

(4) Cancel all H1-Bs and give those visa holders three months to leave the country. If that means they just abandon houses, furniture, cars, etc (and the loans financing thereof), so be it.
7   SunnyvaleCA   ignore (0)   2019 Sep 6, 1:31pm     ↓ dislike (1)   quote   flag        

OccasionalCortex says
(4) Cancel all H1-Bs and give those visa holders three months to leave the country. If that means they just abandon houses, furniture, cars, etc (and the loans financing thereof), so be it.

I'd be living in a ghost town. At least my internet pipe would flow better!
8   Iranian_Oil_Burse   ignore (6)   2019 Sep 6, 1:36pm     ↓ dislike (1)   quote   flag        

OccasionalCortex says
Inputed rent values are determined by house prices. There are factors involved on a neighborhood or even house by house basis that doesn't mean it is a 1:1 ratio, but close enough.


The guy featured in the article is not trying to rent a house for his elderly father, only an apartment. Yes, one can argue that SFH prices in the area do have some influence on the apartment rents, but the demand put on by low-end renters is much more immediate and pronounced, imo.
10   APOCALYPSEFUCKisShostikovitch   ignore (43)   2019 Sep 6, 1:50pm     ↓ dislike (1)   quote   flag        

A big Buick fitted with Gatling guns will protect you better than any big house when CANNIBAL! ANARCHY! goes down!
11   Iranian_Oil_Burse   ignore (6)   2019 Sep 6, 2:05pm     ↓ dislike (1)   quote   flag        

tovarichpeter says
Schiller says buying a big house is a waste of money


... unless one day you need an extra room for your elderly father moving in from Oregon...
12   Iranian_Oil_Burse   ignore (6)   2019 Sep 6, 2:07pm     ↓ dislike (1)   quote   flag        

tovarichpeter says
Schiller says buying a big house is a waste of money

"For example, we don't need elaborate kitchens, because we have all kinds of delivery services for food. "


Ordering delivery as a rule instead of cooking at home is the biggest waste of them all.
13   SunnyvaleCA   ignore (0)   2019 Sep 6, 2:14pm     ↓ dislike (1)   quote   flag        

tovarichpeter says
Schiller says buying a big house is a waste of money

Not that I want to be a landlord, but I could buy a big house for myself and rent out 2 extra bedrooms to offset my additional mortgage. Out here in 94087 it seems that buying a 3/2 house is about $1.9MM and buying and 5/3 house is about $2.2MM, so that $2k/month extra would be enough to justify the additional purchase price. After 30 years of the same out-of-pocket, I'd own a more expensive home.

Of course that exercise would be silly. If I wanted communal living I would just be a happy renter!
14   Iranian_Oil_Burse   ignore (6)   2019 Sep 6, 5:24pm     ↓ dislike (1)   quote   flag        

tovarichpeter says
Schiller says buying a big house is a waste of money

" The generation that now represents the largest cohort of homebuyers is shunning the ornate, ostentatious homes of the baby-boomer generation"


I wouldn't describe the majority of the housing stock of SFBA as "ornate, ostentatious homes". Unless an Eichler is your idea of a palace, of course.
15   Patrick   ignore (0)   2019 Sep 6, 6:20pm     ↓ dislike (1)   quote   flag        

Iranian_Oil_Burse says
So yes, in the context of the article illegals are the problem because they create pressure on the rental market first and foremost.


This is true. There are a massive number of illegals in California:

California has the largest number of illegal immigrants in the United States, with an estimated 2.4 million unauthorized immigrants making up about 6.3 percent of the state's total population, according to the Pew Research Center.


Illegals absolutely do drive up rents and drive down working class wages.

But employers love them because they don't complain much for fear of deportation.

And employers run the country, so immigration laws will not be enforced. The US Chamber of Commerce is the biggest lobbyist by far.

Our only hope is Trump, like him or not. He managed to get elected in spite of the cabal all demanding we vote for Hillary.
16   TrumpingTits   ignore (2)   2019 Sep 8, 8:41pm     ↓ dislike (0)   quote   flag        

Tim Aurora says
When you ask the H1-B's to leave , they may take some good jobs with them. leaving California poorer. I do not expect any better from a Trump follower.


1) Your last sentence belies the true reason you bashed OccassionalCortex.
2) Your first two just exposes the bullshit you came up with to 'justify' the latter.

H1-Bs can not take 'good jobs with them' as the job is here, not wherever they came from. If that wasn't the case, then the firms that employ their services would never need to bring them here in the first place. As for 'leaving California poorer', all this means is leaving landlords and mortgage companies 'poorer', while simultaneously enriching the rest of us as housing costs come down.

Logic 101: What the rest of use who don't suffer from TDS are capable of.
17   just_dregalicious   ignore (2)   2019 Sep 8, 8:58pm     ↓ dislike (0)   quote   flag        

Tim Aurora says
they may take some good jobs with them.


Probably put them in a nasty reusable grocery sack and swim to Guam.
18   just_dregalicious   ignore (2)   2019 Sep 8, 8:59pm     ↓ dislike (0)   quote   flag        

SunnyvaleCA says
(1) enforce all immigration laws
(2) end anchor babies
(3) end chain migration

FIFY


Also, outlaw the permit mafia and build a shit ton more.
19   Patrick   ignore (0)   2019 Sep 8, 10:27pm     ↓ dislike (0)   quote   flag        

just_dregalicious says
Also, outlaw the permit mafia and build a shit ton more.



This.
20   OccasionalCortex   ignore (4)   2019 Sep 9, 12:18pm     ↓ dislike (0)   quote   flag        

Iranian_Oil_Burse says
The guy featured in the article is not trying to rent a house for his elderly father, only an apartment


Rents for living spaces are rents for living spaces. Houses for rent compete with apartments for rent. Hell condos are de facto apartments for rent.
21   FortWayneIndiana   ignore (4)   2019 Sep 9, 12:19pm     ↓ dislike (0)   quote   flag        

Lefts view of solution:
- more government, more taxes, more illegals (more demand, less supply)

Common sense solution:
- less government, less illegals. (more supply, less demand)

I have to say... left got it wrong obviously.
22   Iranian_Oil_Burse   ignore (6)   2019 Sep 9, 12:32pm     ↓ dislike (0)   quote   flag        

OccasionalCortex says

Rents for living spaces are rents for living spaces. Houses for rent compete with apartments for rent.


Isn't it an over-simplification? I fail to see how a rent for a 5-bedroom mansion in Emerald Hills does "compete" with a studio in the quadruplex next to the Caltrain tracks in the same damn Redwood City.
23   Booger   ignore (5)   2019 Sep 9, 1:25pm     ↓ dislike (0)   quote   flag        

tovarichpeter says
Yeah all those illegal immigrant bidding up the prices on California homes


It's their landlord that's bidding up the houses. A certain duck comes to mind.
24   OccasionalCortex   ignore (4)   2019 Sep 9, 4:01pm     ↓ dislike (0)   quote   flag        

Iranian_Oil_Burse says
I fail to see how a rent for a 5-bedroom mansion in Emerald Hills does "compete" with a studio in the quadruplex next to the Caltrain tracks in the same damn Redwood City.


It doesn't. But an apartment complex (such as any are allowed to exist) in the Emerald Hills would demand higher rents than one in Redwood City because of those mansions . There is a mobile home park in Malibu that rents spaces that cost in the stratosphere as well. The land demand is what drives it.

Some variances at the individual level happens, of course. Not everyone wants to rent a mansion. But in general aggregate terms, what I described holds true.
25   Dholliday126   ignore (0)   2019 Sep 9, 5:18pm     ↓ dislike (0)   quote   flag        

Amend Prop. 13 so the tax basis is not inheritable, preventing the kids from renting out their parents house while virtually paying no property tax. Instead they would sell.
26   Blue   ignore (0)   2019 Sep 10, 8:10am     ↓ dislike (0)   quote   flag        

Dholliday126 says
Amend Prop. 13 so the tax basis is not inheritable, preventing the kids from renting out their parents house while virtually paying no property tax. Instead they would sell.


House get passed to any number of generations through trust but stuck at 1970s tax basis, that process put the house away from the market forever for enough people around. Now government is forced to go after sales tax, income tax, alternative tax etc. sources to offset the lose from property taxes. Get the corrupt Ponzi entitlement scheme CA Prop 13 out and restore the market economy. This will create less NIYBY mafia, Permit mafia, Zoning mafia, Environment mafia etc. to go against new construction driven by massive CA Prop 13 profits.
27   Iranian_Oil_Burse   ignore (6)   2019 Sep 10, 8:58am     ↓ dislike (0)   quote   flag        

Blue says
government is forced to go after sales tax, income tax, alternative tax etc. sources to offset the lose from property taxes.


Seems fair as it spreads the tax base more evenly.
28   ForcedTQ   ignore (0)   2019 Sep 10, 9:27am     ↓ dislike (0)   quote   flag        

Iranian_Oil_Burse says
Blue says
government is forced to go after sales tax, income tax, alternative tax etc. sources to offset the lose from property taxes.


Seems fair as it spreads the tax base more evenly.


The government isn't forced to do any of that. What they need to do is cutback their damn spending. No need to raise revenues beyond inflation when you manage spending wisely. To much power/control/responsibility has been given to government to do things that people should be doing for themselves. Take that back and get government back down to a manageable size.
29   willywonka   ignore (4)   2019 Sep 10, 9:48am     ↓ dislike (0)   quote   flag        

I've got 40 illegals jammed into an 8 x 10 574 cu ft storage shed. We rent them out for farm work, landscaping, organ harvesting,....
30   ForcedTQ   ignore (0)   2019 Sep 10, 9:51am     ↓ dislike (0)   quote   flag        

willywonka says
I've got 40 illegals jammed into an 8 x 10 574 cu ft storage shed. We rent them out for farm work, landscaping, organ harvesting,....


What a slum lord, you know you could have a 10x12 and give them 40 additional square feet without getting a permit on that crapshack.
31   Iranian_Oil_Burse   ignore (6)   2019 Sep 10, 12:09pm     ↓ dislike (0)   quote   flag        

ForcedTQ says
The government isn't forced to do any of that. What they need to do is cutback their damn spending. No need to raise revenues beyond inflation when you manage spending wisely. To much power/control/responsibility has been given to government to do things that people should be doing for themselves. Take that back and get government back down to a manageable size.


Hear, hear!
32   SunnyvaleCA   ignore (0)   2019 Sep 10, 3:18pm     ↓ dislike (0)   quote   flag        

Iranian_Oil_Burse says
OccasionalCortex says

Rents for living spaces are rents for living spaces. Houses for rent compete with apartments for rent.


Isn't it an over-simplification? I fail to see how a rent for a 5-bedroom mansion in Emerald Hills does "compete" with a studio in the quadruplex next to the Caltrain tracks in the same damn Redwood City.
When the fancy mansion rent comes down in price, somebody who couldn't afford it can now afford it and upgrades from a 2nd tier rental. The 2nd tier rental is now unoccupied, so the owner drops the price of it, making it now affordable for someone to upgrade from the 3rd tier, etc. Finally, people in lowest-cost housing upgrade to second-lowest-cost housing and the lowest is now empty. Price drop in lowest cost housing.

There is very high correlation between rises and falls of all the housing tiers together.

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