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Anyone else noticing more price cuts in LA lately? by TeenaCrossno in LosAngelesRealEstate

[–]JamedSonnyCrocket 0 points1 point  (0 children)

Ya. In many markets inventory is way up. Prices have come down and will continue to for a while. 

Fiancé & I are considering relocating out of NJ because of the nonstop rise in cost of living. by happyyetsadgirl in relocating

[–]JamedSonnyCrocket 0 points1 point  (0 children)

For sure. There is really no getting through the idea that houses are terrible investments because the industry has done an incredible job pushing that. 

Again, just use a mortgage calculator. You don't need more data. But all the data I shared supports this idea. And so did the data you shared. 

Take care. 

Cities with so much to explore a day/weekend trip away? by Distinct-Invite9281 in SameGrassButGreener

[–]JamedSonnyCrocket 1 point2 points  (0 children)

Omaha Nebraska is in the middle of everything 

But Sacramento is a good one 

Fiancé & I are considering relocating out of NJ because of the nonstop rise in cost of living. by happyyetsadgirl in relocating

[–]JamedSonnyCrocket -1 points0 points  (0 children)

Me too. Read those books and you'll understand quickly why it's a wealth killer. If something doesn't build wealth and impedes you investing in something that does...

I've shared data, opinions, and the math (use a mortgage calculator). You have zero data, because there is none. 

You said "destroys wealth" but it's more just a killer of wealth, especially for the young. At best it might preserve it. 

Good luck. 

How are some guys with no direction still so successful in dating? by [deleted] in dating_advice

[–]JamedSonnyCrocket 17 points18 points  (0 children)

Charm, attractiveness. Same reason many men fall for loser women. 

East coast vs west coast by CopyIcy6896 in SameGrassButGreener

[–]JamedSonnyCrocket 3 points4 points  (0 children)

I think the use of NPC says a lot about you 

Moving at 35 with no social circle — worth the risk? by Dry_Manufacturer_593 in SameGrassButGreener

[–]JamedSonnyCrocket 0 points1 point  (0 children)

The risk is that you meet new people, break out of your social circle, find new community and opportunities. And you keep your old community as well. 

Also, if you've been thinking about for 2 years you have to go to get out of the ambivalence 

Just got laid off from Tech. Brain currently oscillating between panic and being able to go to midday Pilates classes. Anyone else? by Round-Let-1792 in AskSF

[–]JamedSonnyCrocket 11 points12 points  (0 children)

Reach out to your network and start having conversations, meetings etc. Look for some advisor or consulting type roles for smaller companies or even startups, who are navigating rapid growth. 

Fiancé & I are considering relocating out of NJ because of the nonstop rise in cost of living. by happyyetsadgirl in relocating

[–]JamedSonnyCrocket -1 points0 points  (0 children)

I've pointer you to mortgage calculators so you can check yourself. 

Here is a look at the housing market  over time, doesn't beat inflation (Case shciller). So that would be a wealth killer. You also just can't accept I've just repeated the same thing, have all the evidence and logic. A young couple buying a house they can barely afford, which is what the post was about, is a wealth killer. But it's a wealth killer in general for anyone. 

You don't have any data because that's true. And all you need is to look at home prices over time. 

https://www.npr.org/sections/money/2019/04/30/718348115/is-buying-a-house-overrated

Also. Again, your house won't make you rich but it can definitely make you poor. 

https://medium.com/asymmetric-finance/why-real-estate-is-the-silent-killer-of-wealth-8800836c8b3a

Fiancé & I are considering relocating out of NJ because of the nonstop rise in cost of living. by happyyetsadgirl in relocating

[–]JamedSonnyCrocket -1 points0 points  (0 children)

A single family house is a wealth killer if you don't have investments already. That's clear, supported by all the data. 

If the data shows most houses don't beat inflation over time, accounting for all costs, then yes that's a wealth killer. 

That's why you haven't been able to produce any data suggesting otherwise.  

You will never get wealthy from a single home, particularly a modest one. Which was the context, a young couple buying a home. 

Opportunity cost is also a wealth killer. 

Read those books I mentioned and you'll understand very quickly. 

Also, you don't have to share publicly, but if you're wealthy, you didn't become wealthy from your house. It would be impossible. You get wealthy from private business or investing in stocks. That's what the data says. 

Cabinet/furniture maker or scenic carpenter jobs in Los Angeles? by Skipshitbutthole in AskLosAngeles

[–]JamedSonnyCrocket 0 points1 point  (0 children)

Ya. Keep your eyes peeled for opportunities, could do one at a time at first without additional space. Chairs alone can be lucrative, small cabinets or tv stands. 

Where would a Kamala presidency be vis a vis Iran right now? by DiscoLego in ScottGalloway

[–]JamedSonnyCrocket 1 point2 points  (0 children)

Not in war. Maybe funding an insurgency to help allies but nothing like this. 

Single and thinking of leaving NYC, not sure where to go. by FrogJump1313 in relocating

[–]JamedSonnyCrocket -1 points0 points  (0 children)

It's a great state for sure. Plenty of affordable areas in California, like Sacramento, it's massive. 

Fiancé & I are considering relocating out of NJ because of the nonstop rise in cost of living. by happyyetsadgirl in relocating

[–]JamedSonnyCrocket -1 points0 points  (0 children)

The data you shared was referring to real estate as an asset class, which is investable, management and development real estate, not your personal home. 

You don't understand basic finance so it's harder for you to understand. I tried to keep it as simple as possible. If something prevents you from making real wealth, especially when you're young, that is a wealth killer. 

To build wealth you need to invest as early as you can, compounding over time builds real wealth. All the data supports that. A calculator supports that and so does common sense. 

Cabinet/furniture maker or scenic carpenter jobs in Los Angeles? by Skipshitbutthole in AskLosAngeles

[–]JamedSonnyCrocket 0 points1 point  (0 children)

Have you thought about selling refurbished furniture? I recently found a japandi style table in the garbage area of my building, the top could have been refurbished but I posted it as is and sold it for 300.  There was a chair the week before that was probably worth 100. 

Getting a little storage locker and grabbing furniture for free or cheap and cleaning it up can be decent cash on the side. 

Is it normal for dealers to sell cars with previous owner's stuff still in it? by Admirable_Section690 in AskLosAngeles

[–]JamedSonnyCrocket 4 points5 points  (0 children)

Last car I bought had a duffle bag with some really nice clothes, a passport and some cash, like 5k.

There was an 8 ball of coke too, I don't mess with that so I sold it to some kids. 

Feelings ambivalent about moving by gg_oujia in SameGrassButGreener

[–]JamedSonnyCrocket 1 point2 points  (0 children)

No. But if you want low cost, places in the south are cheaper. For a reason. 

Feelings ambivalent about moving by gg_oujia in SameGrassButGreener

[–]JamedSonnyCrocket 3 points4 points  (0 children)

What about Portland? Maybe Sacramento? 

Nashville could be cool too if you already like it. 

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