That's why the classifieds section here is loaded.....You have to admit, the marketing and advertising industry has done an impressive job at convincing us to buy $h!* that we all know we don't really need.
That's why the classifieds section here is loaded.....You have to admit, the marketing and advertising industry has done an impressive job at convincing us to buy $h!* that we all know we don't really need.
East and West coast teachers, tenured professors, lawyers, government workers drawing huge pensions. People that have received generation wealth from passed parents. Cracker box homes worth a million dollars in California, sold and exchanged for mini mansions and ranches across the West where money still has real value.... With regard to St. George, we go to the Parade of Homes most years there and we ask them who the hell is buying these incredible houses. More often than not they are actually 2nd homes if you can believe that.
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East and West coast teachers, tenured professors, lawyers, government workers drawing huge pensions.
Second question. Who is buying all of the houses in California that these people are selling?
Anecdotally, in our area (San Jose) it seems to be a pretty broad mix: first time home owners who previously rented in the area, people fleeing urbanity (SF) which became really inhospitable during the COVID shutdown as well as the current political climate (homelessness, crime) for suburbia, and domestic and foreign investors. While the clip is way down from the mid-2010's, there is still a lot of Chinese money being deployed here. Historically high equity markets have allowed some tech workers with big equity comp components to join the party as well.Second question. Who is buying all of the houses in California that these people are selling?
100%How is it that no one sees all this consumer spending as the problem with the environment. Blame it all on shit like diesel or gasoline.
How does that work?Some are then drawing more in pension than they ever made working. Thats not even the tip of the iceberg, they then still have 401s and IRAs they made massive contributions too all those years. I know of a family member when he retires his annual income without doing anything stupid will easily be 4x his current annual salary.
East and West coast teachers, tenured professors, lawyers, government workers drawing huge pensions. People that have received generation wealth from passed parents. Cracker box homes worth a million dollars in California, sold and exchanged for mini mansions and ranches across the West where money still has real value.
How does that work?
Not for the feds. It's calculated as years worked as a percentage of your average high-3 consecutive, same as when I was working in a hospital. Is there a state government I should be going to work for? Or is there a private industry employer you're thinking of?Pensions are often based on hours worked during the last few years of employment. Add in a disability claim and you are sailing high.
How is it that no one sees all this consumer spending as the problem with the environment. Blame it all on shit like diesel or gasoline.