General Californians how do feel about this

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spam909

Active Member
Jan 22, 2017
25
35
They deserve everything that's coming to them for voting in these lunatics time and time again.
 

Lennybishop

We all float down here
Nov 17, 2023
268
498
Coming to the whole country. If kamala la ding dong and the democrats. Have their way.
 
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Uncle Tom Doug

Official TMMAC Racist
Jun 24, 2022
855
1,280
Right because we all voted for this. Don't be a fucking retard.
You might note have voted for it but you continue to stay. It's not like this lunacy is a recent development. It started back in the 80's, thanks to Ronald Reagan's stupid faggot ass.

I have no idea why republicans fawn all over that dipshit and his cunt wife. Both were terrible for America.
 

Mr. Wright

Active Member
Apr 22, 2015
61
105
it won't happen because there's no money to fund the program. i work in the mortgage business and we just laughed when it was announced. the chances of getting approved and getting the funds are lower than probably .00001%. on top of that, real estate transactions are normally done in less than 30 days. most of these programs take 60-75 days minimum just to get approved.

so when the sellers agent gets the offer and proof of funds (or in this case, lack thereof) they always go to the next offer.

this is just window dressing by newsom to try and get every progressive vote possible. luckily i live in the last conservative enclave in socal and life is pretty fucking good.
 

Aaronrodgers=reallygood

Well-Known Member
Jan 9, 2016
303
326
You might note have voted for it but you continue to stay. It's not like this lunacy is a recent development. It started back in the 80's, thanks to Ronald Reagan's stupid faggot ass.

I have no idea why republicans fawn all over that dipshit and his cunt wife. Both were terrible for America.
Well I'm sure as hell not moving somewhere undesirable. I'll put up with the stupidity as long as I can then figure something out.
 

spam909

Active Member
Jan 22, 2017
25
35
seriously.

some of us are working hard to keep our special part of socal unique. we don't tuck tail and run like a bitch
What a stupid claim. People are supposed to blindly stay in So Cal and pay 500K+ for a 1500 sq ft home in the ghetto or out in the desert so they don't have to be a bitch? LOL. Whatever you have to tell yourself man.
 

HARLEM

Double-hard bastard
Feb 25, 2015
374
774
it won't happen because there's no money to fund the program. i work in the mortgage business and we just laughed when it was announced. the chances of getting approved and getting the funds are lower than probably .00001%. on top of that, real estate transactions are normally done in less than 30 days. most of these programs take 60-75 days minimum just to get approved.

so when the sellers agent gets the offer and proof of funds (or in this case, lack thereof) they always go to the next offer.

this is just window dressing by newsom to try and get every progressive vote possible. luckily i live in the last conservative enclave in socal and life is pretty fucking good.
THIS. It’s a facade…. But it will be effective for the silly people who care about theoretical ideas that are unsustainable.
 

MountainMedic

Rock Kicker
Sep 28, 2017
2,516
5,194
it won't happen because there's no money to fund the program. i work in the mortgage business and we just laughed when it was announced. the chances of getting approved and getting the funds are lower than probably .00001%. on top of that, real estate transactions are normally done in less than 30 days. most of these programs take 60-75 days minimum just to get approved.

so when the sellers agent gets the offer and proof of funds (or in this case, lack thereof) they always go to the next offer.

this is just window dressing by newsom to try and get every progressive vote possible. luckily i live in the last conservative enclave in socal and life is pretty fucking good.
What do you guys think it will do to the overall market?
 

Mr. Wright

Active Member
Apr 22, 2015
61
105
What do you guys think it will do to the overall market?
nothing.

none of these programs created by the state have driven up the value of homes.

there are plenty of homes available in the inland empire, inland parts of LA county as well as cheap condos/townhomes for sale.

the problem is everyone wants the 4 bed 2 bath 1500 sqft home in coast HB for 500k, but that's never going to happen, ever again.

now, back in 2015 those 1500sqft homes were 500-600k for a starter by the beach. then covid happened, rates dropped and prices skyrocketed and inventory plummeted.

since everyone could get their hands on cheap money in late 2019, 2020, 2021 and early 2022 there's essentially no starter homes left in coastal orange/la/sd county. they all got upgraded by their owners or bought and flipped.

now that 500k buys 3/2 1000sgft condo in costa mesa. not bad, but not great.

there are no more starter homes in coastal CA, you buy a starter condo.

but getting back to my original point, there are plenty of homes in gardena, corona, la habra, etc.

but everyone wants to be by the beach, so those homes sit.
 

Mr. Wright

Active Member
Apr 22, 2015
61
105
here's an example. i know the RE agent on this deal. people are passing on this deal that are fucking renting right now that are approved to buy it, but won't because "it's not a house", meanwhile, they live in buena park (10 miles away and 10-15 degrees hotter in the summer)
1724866466830.png
 

Mr. Wright

Active Member
Apr 22, 2015
61
105
they also passed on this house in la mirada, about 10 minutes away from where they currently rent. it needs some sweat equity, but it's a solid deal and they're approved for this too.

1724866616994.png
 

Mr. Wright

Active Member
Apr 22, 2015
61
105
no one has a right to live in a house on the beach, just like i don't have the right to walk into a Ferrari dealership and demand a new daytona off the showroom floor.

but the left in CA has done a spectacular job of telling people of no value that the reason they live don't live coastally is those evil conservatives, not the fact they are pieces of financial shit.
 

HARLEM

Double-hard bastard
Feb 25, 2015
374
774
Everyone wants the location and the commute to work. People will pay more to cut that hour or two off their commute if they can. My old home is worth half a million more. The california bubble should be bursting soon… if they keep operating like they did before. It’s going to be 2008 all over again. That’s when I would buy something in SoCal.
 

Mr. Wright

Active Member
Apr 22, 2015
61
105
What a stupid claim. People are supposed to blindly stay in So Cal and pay 500K+ for a 1500 sq ft home in the ghetto or out in the desert so they don't have to be a bitch? LOL. Whatever you have to tell yourself man.
lol what are you even talking about? where did i say any of that?

if someone isn't happy where they live, move. the fuck do i care? if you want something more, figure out a way to get more.

if you want to move to texas because you think you have a better opportunity to own what you want there...GO.

but the idea that everything in socal is garbage everywhere is fucking lie, and I'll never stop calling out those that continue to say it.
 

Mr. Wright

Active Member
Apr 22, 2015
61
105
Everyone wants the location and the commute to work. People will pay more to cut that hour or two off their commute if they can. My old home is worth half a million more. The california bubble should be bursting soon… if they keep operating like they did before. It’s going to be 2008 all over again. That’s when I would buy something in SoCal.
nope. not ever going to happen again.

back in 2008/2009 you had people in loans they couldn't afford upside down with their equity.

we are in literally the exact opposite situation today, tons of equity and EVERYONE can afford their home.

in fact, most people can't afford to move because they don't qualify for a new loan at the higher rates.

so people that bought starter homes are turning them into forever homes because they can't afford rates at the new payments.

if/when rates drop down into the 4s again we're going to see another big round of selling/buying because people will be able to afford to buy something different/new if they want.

the numbers I've seen from FNMA/FHLMC/FHA/VA all say that if rates drop down below 5% with little to no cost it will be like 2020/2021 all over again.
 

Mr. Wright

Active Member
Apr 22, 2015
61
105
part of the problem is a LOT of people do NOT want to put sweat equity into their homes.

they shop and shop and shop looking for the house that is EXACTLY what they think they want.

except they never find it and continue to get priced out of the market.

instead of buying something that hits 50-60% of the goals, they shop endlessly looking for something that fits 95%.

i don't know if it's social media, home flipping shows on cable, etc, but people are fucking stupid when it comes to housing.

My wife and I are looking to buy a house next summer. We've got a short list of what we want in the house, and we're going to buy the first one we find in one of the 3 cities we're looking in. We have a plan that we're going to execute, and that's it.