16,000 people in L.A. now live in cars, vans and RVs. ,Tar Oozes From Ground Into LA

Oneuli said:
Not at all. Let's say you work in NYC and own a median home in Brooklyn. As of 2018, at least, that was worth about $808,000:

https://www.6sqft.com/for-the-first-time-average-brooklyn-home-prices-break-the-1m-threshold/

And let's say you were willing to step back, in retirement, to a much less desirable location. For example, let's say you are willing to live somewhere like Pine Bluff, Arkansas. Here's a McMansion there for $73,324 (5 bed, 2.5 bath, 4,398 sq ft):

https://www.zillow.com/homedetails/1700-S-Olive-St-Pine-Bluff-AR-71601/76210386_zpid/

You could buy yourself that place for the money you made selling in Brooklyn, and have $734,676 left over. If you stuck that into an index fund make 10% per year, you could produce $73,468 per year for life. And with the crappy local pay scales in Pine Bluff, you could hire yourself a full-time housekeeper and handyman with that money, with plenty left over (even if you paid them each enough to fund a median household in the area, it would cost $64,996, leaving you enough left over for a couple nice vacations per year.)

It's a smart move, if you can stomach living in such a place. With the wealth you accumulated in a productive part of the country, you can go and live like a queen in a less productive part.
Click to expand...

I am aware of comparing home prices and financial affairs. Again, you are dreaming.
 
Oneuli said:
If you're happy with your Ford Fiesta and you think those who, instead, buy a BMW 5-series are just paying a premium for the same thing, then that's great for you. Enjoy your Fiesta. But the market represents the collective wisdom of people in general, when they're putting their money where their mouths are. Collectively, people have determined those BMWs are worth a lot more, and collectively they've also determined that living in those liberal, urban cities is effectively a luxury worth shelling big money out for, whereas living in rural areas is not.
Click to expand...
To each their own. I grew up in New Orleans and the mindset of many native New Orleanians is extremely provincial as I'm sure it is with other places.
They'd rather earn half of what they could make in Houston to live in N.O. where they grew up. Personally I'd rather have my eyes gouged out than live in that shithole for any amt. of money.
"Collective wisdom", lol. I can easily turn that around and call it collective stupidity. Let's take your analogy of the BMW and Ford Fiesta. I'm not a car person, therefore tend to buy used cars and drive them until they're irreparable. Paying for a BMW or any premium car would actually make me unhappy because I'd be reminded of money I didn't have for traveling or golf, e.g.
So in the end, it's what makes one happy. Has nothing to do with wisdom. If living in a shithole , literally, around homeless vagrants makes you happy, fine. I'm not going to judge you. I just don't want to be around you.
 
RB 60 said:
Again, you are dreaming.
Click to expand...

Yes, when I get my large checks, I am indeed dreaming about a retirement spent in luxury. Maybe some day your grandkids can clean my toilets when I'm slumming in your neighborhood in my golden years.
 
Oneuli said:
I've never lived in a gated community. They're not really a thing in my part of the country. They're more common in areas where conservative neglect has transformed poor communities into a hellscape, such that people with means spend their money trying to wall themselves off from the problems, rather than fixing them.
Click to expand...

It sure sounds like your type. We conservatives value freedom, you won't find many there. And we, out here in rural America, don't create the problems that need fixing like the cities do.
 
Oneuli said:
Yes, when I get my large checks, I am indeed dreaming about a retirement spent in luxury. Maybe some day your grandkids can clean my toilets when I'm slumming in your neighborhood in my golden years.
Click to expand...

LOL! I doubt it.
 
RB 60 said:
It sure sounds like your type. We conservatives value freedom, you won't find many there. And we, out here in rural America, don't create the problems that need fixing like the cities do.
Click to expand...

There is absolutely no reason to believe any of "her" claims about "herself."

I suspect "she" is a fat old white man with a K-pop fetish.
 
Oneuli said:
Yes, when I get my large checks, I am indeed dreaming about a retirement spent in luxury. Maybe some day your grandkids can cleanIng my toilets when I'm slumming in your neighborhood in my golden years.
Click to expand...
Horse mierda, pende*a.

Large welfare checks?
 
I don't think living in a van would be so bad. Technology has made bigger homes unnecessary. You don't need a house for the newspaper or phone. You don't need a house for your music or book collections.

What really sucks about living in low-cost conditions is that most people in such a state are trash. I don't need to live in a nice neighborhood, except to get away from trash and crime. A better solution would be just to hang the trash and save everyone a ton of money and misery.
 
Legion said:
There is absolutely no reason to believe any of "her" claims about "herself."

I suspect "she" is a fat old white man with a K-pop fetish.
Click to expand...

I know she's full of shit. My cousins lived in Phila. for 21 years. He was a cop, she was a concert pianist instructor/consultant. They bought the other half of my uncle's home when he passed and didn't have much left over.
 
You must log in or register to reply here.
Back
Top