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Topic: In other news ...

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FearlessF

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Re: In other news ...
« Reply #31920 on: May 20, 2024, 11:15:42 AM »
Quote from: utee94 on May 20, 2024, 11:12:36 AM
My friend Bald Greg (ran the tailgate party with me) did this, bought his 1st house at age 23.  I didn't, I was busy spending money on boats and girls and travel, so I rented that entire time, and I didn't buy my first house until I was 29.  That delta has resulted in Greg being about $500,000 ahead of me in assets.  I'm doing fine, but I don't think I had $500,000 worth of fun in the meantime...
yup, bought my house at 27
I might have had $400K worth of fun
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847badgerfan

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Re: In other news ...
« Reply #31921 on: May 20, 2024, 11:35:21 AM »
Quote from: bayareabadger on May 20, 2024, 11:09:02 AM
Just imagine if that house cost 76%more in real dollars like it does now. Man that would be some work.
I was making $9.50/hour in 1988 - ~$20K/year + OT (lots of OT). That's about $64K/year now.

320 percent increase.

I paid $95,000 for the place. It's $235,000 today, and it's actually for sale right now (for real)!

250 percent increase.

1376 Seven Pines Rd APT C1, Schaumburg, IL 60193 | MLS #12059396 | Zillow
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bayareabadger

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Re: In other news ...
« Reply #31922 on: May 20, 2024, 11:39:12 AM »
Quote from: 847badgerfan on May 20, 2024, 11:35:21 AM
I was making $9.50/hour in 1988 - ~$20K/year + OT (lots of OT). That's about $64K/year now.

320 percent increase.

I paid $95,000 for the place. It's $235,000 today, and it's actually for sale right now (for real)!

250 percent increase.

1376 Seven Pines Rd APT C1, Schaumburg, IL 60193 | MLS #12059396 | Zillow
I’m impressed at the lack of appreciation of that house. Wish it was a trend. 
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847badgerfan

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Re: In other news ...
« Reply #31923 on: May 20, 2024, 11:49:37 AM »
Quote from: bayareabadger on May 20, 2024, 11:39:12 AM
I’m impressed at the lack of appreciation of that house. Wish it was a trend.
You can go back to 2015 on Zillow. The place was worth $120K in 2015. 2008 was a killer in Illinois. Only recently (past 2 years) have prices really spiked.



The place I bought in 2007 is worth just a bit more than what I paid for it, despite making $120K in improvements (the pics are still on Zillow). I really liked the place and town. Just in the wrong failed county and wrong failed state.

275 W Fairview Cir, Palatine, IL 60067 | Zillow

Big OUCH for us on that place.





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bayareabadger

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Re: In other news ...
« Reply #31924 on: May 20, 2024, 11:52:35 AM »
Quote from: 847badgerfan on May 20, 2024, 11:49:37 AM
You can go back to 2015 on Zillow. The place was worth $120K in 2015. 2008 was a killer in Illinois. Only recently (past 2 years) have prices really spiked.



The place I bought in 2007 is worth just a bit more than what I paid for it, despite making $120K in improvements (the pics are still on Zillow). I really liked the place and town. Just in the wrong failed county and wrong failed state.

275 W Fairview Cir, Palatine, IL 60067 | Zillow

Big OUCH for us on that place.






This is honest leaving me hope for some of my friends from college who live in Chicago.

Now, if this particular affliction could just hit where I live for a minute, that would be great.
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FearlessF

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Re: In other news ...
« Reply #31925 on: May 20, 2024, 11:58:05 AM »
get a couple Chicago politicians

they're probably lookin for work
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847badgerfan

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Re: In other news ...
« Reply #31926 on: May 20, 2024, 12:01:07 PM »
Quote from: bayareabadger on May 20, 2024, 11:52:35 AM
This is honest leaving me hope for some of my friends from college who live in Chicago.

Now, if this particular affliction could just hit where I live for a minute, that would be great.
You could always move to Chicago. I strongly advise to not do that.
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utee94

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Re: In other news ...
« Reply #31927 on: May 20, 2024, 12:01:24 PM »
Quote from: 847badgerfan on May 20, 2024, 11:49:37 AM
You can go back to 2015 on Zillow. The place was worth $120K in 2015. 2008 was a killer in Illinois. Only recently (past 2 years) have prices really spiked.

[img width=500 height=247.983]https://i.imgur.com/qTCYFJU.png[/img]

The place I bought in 2007 is worth just a bit more than what I paid for it, despite making $120K in improvements (the pics are still on Zillow). I really liked the place and town. Just in the wrong failed county and wrong failed state.

275 W Fairview Cir, Palatine, IL 60067 | Zillow

Big OUCH for us on that place.

[img width=500 height=440.985]https://i.imgur.com/WxBnm51.png[/img]





Oh man 2007 was killer everywhere.  You could not have bought at a worse time.  That sucks.
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847badgerfan

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Re: In other news ...
« Reply #31928 on: May 20, 2024, 12:03:39 PM »
Quote from: utee94 on May 20, 2024, 12:01:24 PM
Oh man 2007 was killer everywhere.  You could not have bought at a worse time.  That sucks.
Worse than that is we had not sold our other house yet. That took another 8 months.
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847badgerfan

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Re: In other news ...
« Reply #31929 on: May 20, 2024, 12:07:41 PM »
The typical U.S. household needed to pay $227 more a month in March to purchase the same goods and services it did one year ago because of still-high inflation. Americans are paying on average $784 more each month compared with the same time two years ago and $1,069 more compared with three years ago.

This is the real problem.

Inflation is up 20% since Biden took office (msn.com)
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bayareabadger

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Re: In other news ...
« Reply #31930 on: May 20, 2024, 12:20:47 PM »
Quote from: 847badgerfan on May 20, 2024, 12:01:07 PM
You could always move to Chicago. I strongly advise to not do that.
No one has offered to pay me a good deal of money to be that cold, and I’m not doing it unless the payoff is great or a woman drags me there.
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betarhoalphadelta

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Re: In other news ...
« Reply #31931 on: May 20, 2024, 12:31:34 PM »
Quote from: utee94 on May 20, 2024, 12:01:24 PM
Oh man 2007 was killer everywhere.  You could not have bought at a worse time.  That sucks.
Yeah, 2005-07 was when I lived in Atlanta. Bought a house there (was supposed to be a permanent move / place to raise kids) and sold it for a tidy three-figure profit. 

Coming back to CA in 2007 I said HELL NO regarding buying. I waited until Dec 2010 when everything had hit bottom. I know they say you can't actually "time" the bottom, and I went into it feeling stable enough that I could weather a continued slide lower in prices, but that I didn't think more than 5-10% downside was there. As it happens I think I just about nailed the bottom. 

Now if only I'd found a way to keep that place in the divorce...
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847badgerfan

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Re: In other news ...
« Reply #31932 on: May 20, 2024, 12:50:12 PM »
We got in just before the big BOOM here, thankfully, right before the world shut down.
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MrNubbz

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Re: In other news ...
« Reply #31933 on: May 20, 2024, 02:13:00 PM »
Quote from: 847badgerfan on May 20, 2024, 11:35:21 AM
I paid $95,000 for the place. It's $235,000 today, and it's actually for sale right now (for real)!

250 percent increase.

1376 Seven Pines Rd APT C1, Schaumburg, IL 60193 | MLS #12059396 | Zillow
Nice digs
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