I visited the States last year & could easily live in Austin & maybe even San Antonio for how low the cost of living is. LA is really nice in parts (National Forests, some beaches) but others (Downtown, Hollywood & even some beaches) I wasn't a big fan of.
I know you can afford it but why the would you buy a house for your daughter?
Market is great in SA right now. Bought my home in 2015 for 220k and similar houses in my neighborhood are going for 260k-270k now
I think it's a common malaise today (doing too much for kids - myself included). I find that this generation lives in the moment with hardly any planning. It's "don't worry, mom, it'll work out." From waiting till last minute to get apartment, to turning on utilities, etc. They seem to have no sense of urgency - that it'll just happen and then you get the frantic phone call like - "I can't get the freeze off this credit agency and I have to mail in all this stuff which will take forever." It's like you knew this was coming up, why didn't you do this weeks ago? I think back in the day, my parents never did a thing for me and that's what this generation needs to experience. But it's hard - you get the "don't you care that I'll be homeless?" and then I get in touch with a LIVE person and get the credit freeze lifted.
You guys just take any opportunity to get your shots in about lazy en led millennials, don't you? Why is that?
I don't see any issue with buying a house and renting it back to your kid, and I don't think that reflects poorly on them or you. Given that housing costs are far outpacing entry level salaries, I'd say it's a smart move if you can do it.
rmt never passes up an opportunity to declare her superiority.
Like I know the "This generation doesn't understand hard work like my generation did" rant has been a time-honored tradition for middle-age-to-old people for centuries, but it has taken on new level of ridiculousness in the cable news / clickbait era.
Get off my lawn.
I did it. Twice. Still waiting for the smart move part.You guys just take any opportunity to get your shots in about lazy en led millennials, don't you? Why is that?
I don't see any issue with buying a house and renting it back to your kid, and I don't think that reflects poorly on them or you. Given that housing costs are far outpacing entry level salaries, I'd say it's a smart move if you can do it.
My grandad walked to school in the snow...
But did he walk to school in August when the pavement was the temperature of the sun?
So tiring, but brings about a lot of kidding and some good memories.
I did it. Twice. Still waiting for the smart move part.Sorry man. Bad tenants or bad timing?
Hollywood is a dump. I don't get why tourists ever go there when LA and the surrounding area is brimming with amazing places to visit. It has been ten years since I lived in LA, but downtown was dead at least then. If I had to stay a couple hours late at work, downtown would be a ghost town by the time I got out. Hermosa Beach and south are nice and the beaches north of Santa Monica are great too. If you went to Venice or Santa Monica those are kind of crappy beaches IMO. Unless you're looking for a blowjob, seems like plenty of hookers out in Venice.
Started out for the kids. Was great for a few years. Foolishly held on to them after they moved out...been one headache after another. Market is good here...need to just unload them.
Where does he say that he rented it back to her? He bought it for her (and if I didn't think Alzheimer's is in my future, I'd probably do that too) - I'm simply saying that it's hard not to help them out when you can but sometimes helping them is not good. And yes, she didn't persevere - that customer service number is on the internet - I found it and if she had looked hard enough, she would have found it too instead of giving up and calling mom to bail her out.You guys just take any opportunity to get your shots in about lazy en led millennials, don't you? Why is that?
I don't see any issue with buying a house and renting it back to your kid, and I don't think that reflects poorly on them or you. Given that housing costs are far outpacing entry level salaries, I'd say it's a smart move if you can do it.
I wasn't suggesting he did say that, I was just giving an example of one perfectly reason you might buy a home for your kid. I'd like to think most parents who do so are expecting some kind of payment plan to make sure the kids are at least sharing the load.
Not necessarily - sometimes the thought is that it's going to go to them anyways - why not help now when they can enjoy/need it most instead of later when they're old(er) but I think it does affect how much they strive if they think/know it's coming to them. Lots of issues to think about - there's also helping/leaving more to one who you think needs it more - my thought is that it should be equal - cir stances change and even if one doesn't need it, he/she might think you don't love him/her as much as another. If one doesn't need it, he/she can always give their portion to another.
Pretty much exactly the places I was thinking. I stayed at Santa Monica & went for a walk down to Venice & it felt like Surfers Paradise here only seedier. But then drove further up & the beaches were much nicer. Plus being so close to Los Padres & Angeles Forests makes it a pretty nice City. I think too many people visit Hollywood/Venice/Santa Monica & just think LA is a hole which isn't true at all.Hollywood is a dump. I don't get why tourists ever go there when LA and the surrounding area is brimming with amazing places to visit. It has been ten years since I lived in LA, but downtown was dead at least then. If I had to stay a couple hours late at work, downtown would be a ghost town by the time I got out. Hermosa Beach and south are nice and the beaches north of Santa Monica are great too. If you went to Venice or Santa Monica those are kind of crappy beaches IMO. Unless you're looking for a blowjob, seems like plenty of hookers out in Venice.
west hollywood is much nicer than hollywood
alot of western countries now are in a property bubble due to foreign investment, lax immigration laws for cashed up ppl, lax property tax laws for property investment purposes
they havnt learn anything from gfc, banks and any fckr in the real estate industry is just going to stir the pot, see how high it can go, and see the consequences of the crash
My son lives in Culver City. Its pretty nice around there.
So how much higher do you guys think the SA real estate market will go? The economy is smokin and people are moving here like crazy. I just looked at a 2500sf garden home near the Rim today. Thinking of selling the big place and buying there. Its a fairly new subdivision so will have to put up with construction in the neighborhood but I think they will appreciate fast.
New construction prices will go through the roof if they really kick the illegals out.
You think that's gonna happen - not a chance, imo.
one fundamental aspect of globalization was the (neo)liberalization of international Capital flows. $Ts sloshing around the planet looking for better returns. Can inflate an economy or sector, then just as quickly deflate it.
And of course $Ts flowing into tax havens.
Remember predatory vulture Mnuchin? "Oh yeah, right, I forgot about the little $100M I have stashed in Caymans. I'll update my financial declaration form"
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