Leftist Couch 2: Electric Bugaloo

C

Casual Leftist

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Well I can't say I wasn't warned, but now we're back with Casual Couch Talk troll free edition.

Yesterday we talked a little about the debate last night and potential problems of automation. What's next on the Couch Convo for my leftist friends?
 
Casual Leftist said:
Well I can't say I wasn't warned, but now we're back with Casual Couch Talk troll free edition.

Yesterday we talked a little about the debate last night and potential problems of automation. What's next on the Couch Convo for my leftist friends?
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I keep wondering if we're getting a housing bubble starting up again. Things almost doubled in the last 4 years in my area going up 80%. We're also trying to move but properties come and go so quickly. Lots of foreclosures out there as well.
 
The economy is cyclic to a certain degree. What we are seeing is a continuation of the economic "revival" that started with Obama. My concern is that when (not if) the economy starts to decline, it may be an avalanche instead of a downward slope.
 
Crocodile said:
I keep wondering if we're getting a housing bubble starting up again. Things almost doubled in the last 4 years in my area going up 80%. We're also trying to move but properties come and go so quickly. Lots of foreclosures out there as well.
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I think the value of the house I'm at hasn't changed much. But there has been a lot of construction in the previous undeveloped areas of the city - so growth is growth.

If there's foreclosures then why not move into one of those? Wouldn't that be more affordable?
 
Tacomaman said:
The economy is cyclic to a certain degree. What we are seeing is a continuation of the economic "revival" that started with Obama. My concern is that when (not if) the economy starts to decline, it may be an avalanche instead of a downward slope.
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That revival was partially built on increased job rates. But what they don't say is most of those jobs were part time in the service sector. That system would be unsustainable so long as wages remain low and rent just keeps going up.
 
Casual Leftist said:
I think the value of the house I'm at hasn't changed much. But there has been a lot of construction in the previous undeveloped areas of the city - so growth is growth.

If there's foreclosures then why not move into one of those? Wouldn't that be more affordable?
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Most of them are occupied and that means you'd have to go to court to evict them after the auction.
 
Crocodile said:
Most of them are occupied and that means you'd have to go to court to evict them after the auction.
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I see I see. They don't want to become homeless themselves. When I read that there are more open housing units than homless people in the US it really just shows how true it is that the resources exist to house people, but we have no idea how it should be distributed.
 
Casual Leftist said:
I see I see. They don't want to become homeless themselves. When I read that there are more open housing units than homless people in the US it really just shows how true it is that the resources exist to house people, but we have no idea how it should be distributed.
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This is one house I've been looking at for when we move out of state. https://www.trulia.com/p/oh/englewood/1010-halfacre-ave-englewood-oh-45322--1109098746?rd=1 The prices here are a lot less than where we currently live. It's occupied though which means it probably won't be worth it unless you got it dirt cheap.
 
Crocodile said:
This is one house I've been looking at for when we move out of state. https://www.trulia.com/p/oh/englewood/1010-halfacre-ave-englewood-oh-45322--1109098746?rd=1 The prices here are a lot less than where we currently live. It's occupied though which means it probably won't be worth it unless you got it dirt cheap.
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Ha ha oh my goodness those prices. I'm in CA, where I'm at single family home is worth 3 times that. There's a reason Californians are leaving, because it's manifest destiny to the EAST! Live in CA, get that California money then cash out and go east somewhere. Oh how brilliant.
 
I've been wondering about another housing bubble as well. We've lived here for ~3.5 years and in that time, according to Zillow and realtor.com, the value of our house has gone up 20%+. I find that hard to believe esp. given this area, and the fact that 1) there are few homes here, and 2) even fewer recent sales for comparables.
 
ThatOwlWoman said:
I've been wondering about another housing bubble as well. We've lived here for ~3.5 years and in that time, according to Zillow and realtor.com, the value of our house has gone up 20%+. I find that hard to believe esp. given this area, and the fact that 1) there are few homes here, and 2) even fewer recent sales for comparables.
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Do you live with driving distance to a big city?
 
Casual Leftist said:
Do you live with driving distance to a big city?
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No. The closest fair-size city is the Green Bay/Appleton/Oshkosh complex in Wisconsin down Hwy. 41. About 4.5 hours. The closest small town is Marquette, MI. Its pop. is ~21K. Even so, we have our own TV and radio stations, a symphony, a planetarium, public library, museums, the usual big box stores, and Northern Michigan Univ. Our cost-of-living here, esp. housing prices, are very reasonable.
 
ThatOwlWoman said:
No. The closest fair-size city is the Green Bay/Appleton/Oshkosh complex in Wisconsin down Hwy. 41. About 4.5 hours. The closest small town is Marquette, MI. Its pop. is ~21K. Even so, we have our own TV and radio stations, a symphony, a planetarium, public library, museums, the usual big box stores, and Northern Michigan Univ. Our cost-of-living here, esp. housing prices, are very reasonable.
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How much would a 1 family house cost?
 
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