nidena
Senior Member
Joined: Dec 28, 2010 20:32:26 GMT -5
Posts: 3,581
|
Post by nidena on Mar 22, 2022 20:50:14 GMT -5
We got rid of pennies years ago. It costs more to make a penny than its worth. I'm curious - how did getting rid of pennies work? Were they all recalled? Did you return them for different coins/bills? Are they no longer accepted, or just not required to be given as change? So many questions on logistics! We still get a few random Canadian pennies mixed in with other ones. Usually, Canadian coins are frowned upon because they might be rejected (exchange rate differences, IDK), but pennies were generally ok. When I lived in Okinawa, on a military base, we didn't use pennies. They just rounded up or down to the nearest nickel. Not sure how they got rid of them to begin with.
|
|
busymom
Distinguished Associate
Why is the rum always gone? Oh...that's why.
Joined: Dec 25, 2010 21:09:36 GMT -5
Posts: 28,362
Mini-Profile Background: {"image":"https://cdn.nickpic.host/images/IPauJ5.jpg","color":""}
Mini-Profile Name Color: 0D317F
Mini-Profile Text Color: 0D317F
|
Post by busymom on Mar 22, 2022 21:00:18 GMT -5
The price jump on housing here is absolutely crazy! Less than 2 years ago, my neighbor's house sold for $320,000 which at the time I thought was high. Now, in the last week, another house in our neighborhood just sold for $460,000. I can't even imagine a young family being able to afford a house here anymore.
|
|
djAdvocate
Member Emeritus
only posting when the mood strikes me.
Joined: Jun 21, 2011 12:33:54 GMT -5
Posts: 75,081
Mini-Profile Background: {"image":"","color":"000307"}
Member is Online
|
Post by djAdvocate on Mar 22, 2022 23:05:55 GMT -5
The price jump on housing here is absolutely crazy! Less than 2 years ago, my neighbor's house sold for $320,000 which at the time I thought was high. Now, in the last week, another house in our neighborhood just sold for $460,000. I can't even imagine a young family being able to afford a house here anymore. in Oakland in the last year, 70 houses went for 100k over asking price.
think about that for a minute.
|
|
nidena
Senior Member
Joined: Dec 28, 2010 20:32:26 GMT -5
Posts: 3,581
|
Post by nidena on Mar 22, 2022 23:28:08 GMT -5
The price jump on housing here is absolutely crazy! Less than 2 years ago, my neighbor's house sold for $320,000 which at the time I thought was high. Now, in the last week, another house in our neighborhood just sold for $460,000. I can't even imagine a young family being able to afford a house here anymore. in Oakland in the last year, 70 houses went for 100k over asking price.
think about that for a minute. While that is a large number, considering it's the Bay Area, that would be like paying the $11,000 over asking that I paid on the $99,000 list price for my home in summer 2020. It's 10% over asking.
|
|
tallguy
Senior Associate
Joined: Apr 2, 2011 19:21:59 GMT -5
Posts: 14,147
|
Post by tallguy on Mar 23, 2022 6:34:09 GMT -5
The price jump on housing here is absolutely crazy! Less than 2 years ago, my neighbor's house sold for $320,000 which at the time I thought was high. Now, in the last week, another house in our neighborhood just sold for $460,000. I can't even imagine a young family being able to afford a house here anymore. in Oakland in the last year, 70 houses went for 100k over asking price.
think about that for a minute. Don't have to. Someone I know sold their house last year. It was pending in two days, had not even had an open house, and went for more than $400,000 over asking. There was a story a month or two ago about a house on Seattle's Eastside that went for a million dollars over asking.
|
|
weltschmerz
Community Leader
Joined: Jul 25, 2011 13:37:39 GMT -5
Posts: 38,962
|
Post by weltschmerz on Mar 23, 2022 16:46:31 GMT -5
|
|
Deleted
Joined: Apr 25, 2024 18:13:55 GMT -5
Posts: 0
|
Post by Deleted on Mar 23, 2022 17:56:17 GMT -5
The price jump on housing here is absolutely crazy! Less than 2 years ago, my neighbor's house sold for $320,000 which at the time I thought was high. Now, in the last week, another house in our neighborhood just sold for $460,000. I can't even imagine a young family being able to afford a house here anymore. Mister and I were just talking the other day about how unaffordable housing is becoming where we live. My whole life, it’s been a LCOLA and it wasn’t that difficult to buy a reasonably priced house. Now, despite the fact that my income is more than the median household income in the county, I couldn’t buy the house we bought less than 3 years ago by myself. It’s kind of amazing to me and sad that it is now out of my reach in such a short time. There’s been a LOT of talk about how investors from other areas are buying up the houses and making them rental properties. One particular company gets mentioned a lot, and not in a favorable way for renters. The average person can’t compete with what these companies are offering, in cash. I can see why companies would be interested in buying houses here, they use to cost much less than the same house would cost in other parts of the country. But it’s creating a mess for people who call this area home. My other house is in the price range of what I keep reading is in very short supply here. I get calls and texts almost every day asking if I’m interested in selling it. I care enough about my city that I hope that if I do sell it, I would be able to sell to an individual rather than a business, even if I get less for it. I bought my house when I was 29yo, owning instead of renting was and still is important to me. The more houses these companies buy, the less opportunity other people like me have to buy a house. I don’t like it.
|
|
teen persuasion
Senior Member
Joined: Dec 20, 2010 21:58:49 GMT -5
Posts: 4,042
|
Post by teen persuasion on Mar 24, 2022 8:27:05 GMT -5
Guess we are ahead of the curve, here. That $3.79 was two weeks ago. $4.19 was last week. Monday we hit $4.49, and diesel was $5.39. Two weeks later, we are STILL at $4.49, despite local news telling me prices are falling. Finally my local gas is beginning to drop; yesterday it was $4.35. I think the tv news shamed them into it - just that morning a metro tv station was running a story on where to get cheaper gas, naming names/locations and quoting prices like $4.29 and even $4.09! Lo and behold - local gas station dropped after two and a half weeks.
|
|
Lizard Queen
Senior Associate
103/2024
Joined: Jan 17, 2011 22:19:13 GMT -5
Posts: 14,659
|
Inflation
Mar 24, 2022 9:22:41 GMT -5
via mobile
Post by Lizard Queen on Mar 24, 2022 9:22:41 GMT -5
$4.049 in my home city. $3.899 on Tuesday in my work city. My governor mentioned suspending the sales tax (but not road tax) on gas for something like 30 days. At 6%, I don't see that it's happened yet.
|
|
djAdvocate
Member Emeritus
only posting when the mood strikes me.
Joined: Jun 21, 2011 12:33:54 GMT -5
Posts: 75,081
Mini-Profile Background: {"image":"","color":"000307"}
Member is Online
|
Post by djAdvocate on Mar 24, 2022 12:58:27 GMT -5
Two weeks later, we are STILL at $4.49, despite local news telling me prices are falling. Finally my local gas is beginning to drop; yesterday it was $4.35. I think the tv news shamed them into it - just that morning a metro tv station was running a story on where to get cheaper gas, naming names/locations and quoting prices like $4.29 and even $4.09! Lo and behold - local gas station dropped after two and a half weeks. "up like a rocket, down like a feather". gas prices ALWAYS go up faster than they go down.
|
|
|
Post by The Walk of the Penguin Mich on Mar 24, 2022 13:23:18 GMT -5
The price jump on housing here is absolutely crazy! Less than 2 years ago, my neighbor's house sold for $320,000 which at the time I thought was high. Now, in the last week, another house in our neighborhood just sold for $460,000. I can't even imagine a young family being able to afford a house here anymore. Mister and I were just talking the other day about how unaffordable housing is becoming where we live. My whole life, it’s been a LCOLA and it wasn’t that difficult to buy a reasonably priced house. Now, despite the fact that my income is more than the median household income in the county, I couldn’t buy the house we bought less than 3 years ago by myself. It’s kind of amazing to me and sad that it is now out of my reach in such a short time. There’s been a LOT of talk about how investors from other areas are buying up the houses and making them rental properties. One particular company gets mentioned a lot, and not in a favorable way for renters. The average person can’t compete with what these companies are offering, in cash. I can see why companies would be interested in buying houses here, they use to cost much less than the same house would cost in other parts of the country. But it’s creating a mess for people who call this area home. My other house is in the price range of what I keep reading is in very short supply here. I get calls and texts almost every day asking if I’m interested in selling it. I care enough about my city that I hope that if I do sell it, I would be able to sell to an individual rather than a business, even if I get less for it. I bought my house when I was 29yo, owning instead of renting was and still is important to me. The more houses these companies buy, the less opportunity other people like me have to buy a house. I don’t like it. I posted in another thread about the house 4 down from us sold for $1.3 million just recently. It was purchased Dec 2016 for $740k, so they made almost 100% profit on it. Zillow has this house (a few hundred sq ft less, no lake view) going for 4-5x what TD bought it for in 1996. That does not include the acreage next door we own to keep the green belt. Recently, someone posted a picture of a house downtown that was going for $600k. The house was a shack, windows boarded up and a total mess. However the land was prime real estate, nearly an acre sized lot and backed onto a green belt. That sized lot is almost unheard of downtown, but no one understood it was the land, the size of the land and the location which made it so valuable. We own the second largest piece of undeveloped land in this development. Our neighbor owns the largest, she inherited it from her father and there are only 3 houses on that side of the street, so the land would easily support another 4 (same as our side). We have been harassed about selling our acreage, I can’t imagine the hassle she has gotten.
|
|
weltschmerz
Community Leader
Joined: Jul 25, 2011 13:37:39 GMT -5
Posts: 38,962
|
Post by weltschmerz on Mar 24, 2022 14:08:30 GMT -5
Recently, someone posted a picture of a house downtown that was going for $600k. The house was a shack, windows boarded up and a total mess. However the land was prime real estate, nearly an acre sized lot and backed onto a green belt. That sized lot is almost unheard of downtown, but no one understood it was the land, the size of the land and the location which made it so valuable. THIS costs 2.4 million in Vancouver. A tear down. Location, location, location!
|
|
nidena
Senior Member
Joined: Dec 28, 2010 20:32:26 GMT -5
Posts: 3,581
|
Post by nidena on Mar 24, 2022 16:15:05 GMT -5
Recently, someone posted a picture of a house downtown that was going for $600k. The house was a shack, windows boarded up and a total mess. However the land was prime real estate, nearly an acre sized lot and backed onto a green belt. That sized lot is almost unheard of downtown, but no one understood it was the land, the size of the land and the location which made it so valuable. THIS costs 2.4 million in Vancouver. A tear down. Location, location, location!
|
|
djAdvocate
Member Emeritus
only posting when the mood strikes me.
Joined: Jun 21, 2011 12:33:54 GMT -5
Posts: 75,081
Mini-Profile Background: {"image":"","color":"000307"}
Member is Online
|
Post by djAdvocate on Mar 24, 2022 19:30:02 GMT -5
for a while i was thinking of relocating to Vancouver. then i started looking at housing prices.
|
|
weltschmerz
Community Leader
Joined: Jul 25, 2011 13:37:39 GMT -5
Posts: 38,962
|
Post by weltschmerz on Mar 24, 2022 22:02:30 GMT -5
for a while i was thinking of relocating to Vancouver. then i started looking at housing prices. It's insane.
|
|
nidena
Senior Member
Joined: Dec 28, 2010 20:32:26 GMT -5
Posts: 3,581
|
Post by nidena on Mar 25, 2022 22:29:02 GMT -5
|
|
Deleted
Joined: Apr 25, 2024 18:13:56 GMT -5
Posts: 0
|
Post by Deleted on Mar 26, 2022 9:41:56 GMT -5
There’s been a LOT of talk about how investors from other areas are buying up the houses and making them rental properties. One particular company gets mentioned a lot, and not in a favorable way for renters. The average person can’t compete with what these companies are offering, in cash. I can see why companies would be interested in buying houses here, they use to cost much less than the same house would cost in other parts of the country. But it’s creating a mess for people who call this area home. There are now companies set up so that anyone can make an all-cash offer. It's a glorified bridge loan, but they loan you the cash and then you take your time getting a mortgage after the closing. Not sure I'd go for that since it has a cost and you still bear the risk that you might not be able to get a mortgage or the interest rate could go up.
|
|
dondub
Senior Associate
The meek shall indeed inherit the earth but only after the Visigoths are done with it.
Joined: Jan 16, 2014 19:31:06 GMT -5
Posts: 12,110
Location: Seattle
Favorite Drink: Laphroig
|
Inflation
Mar 26, 2022 10:44:21 GMT -5
via mobile
Post by dondub on Mar 26, 2022 10:44:21 GMT -5
Homes in our general area of Seattle are going $200-400k over list. Friends a block over just listed at $985 and had 9 offers in 3 days and sold for $1.317m. Just crazy. And across the street from them and down 3 houses was a new construction. Listed at $2.2m and created a frenzy. Closed at $2.8! 4000 sq’ with massive water, mountains, sunset view.
|
|
djAdvocate
Member Emeritus
only posting when the mood strikes me.
Joined: Jun 21, 2011 12:33:54 GMT -5
Posts: 75,081
Mini-Profile Background: {"image":"","color":"000307"}
Member is Online
|
Post by djAdvocate on Mar 26, 2022 14:04:47 GMT -5
i doubt that very much. there will be a LOT of pressure on oil before it reaches that level. there is already significant pressure at $115.
|
|
djAdvocate
Member Emeritus
only posting when the mood strikes me.
Joined: Jun 21, 2011 12:33:54 GMT -5
Posts: 75,081
Mini-Profile Background: {"image":"","color":"000307"}
Member is Online
|
Post by djAdvocate on Mar 26, 2022 14:05:31 GMT -5
There’s been a LOT of talk about how investors from other areas are buying up the houses and making them rental properties. One particular company gets mentioned a lot, and not in a favorable way for renters. The average person can’t compete with what these companies are offering, in cash. I can see why companies would be interested in buying houses here, they use to cost much less than the same house would cost in other parts of the country. But it’s creating a mess for people who call this area home. There are now companies set up so that anyone can make an all-cash offer. It's a glorified bridge loan, but they loan you the cash and then you take your time getting a mortgage after the closing. Not sure I'd go for that since it has a cost and you still bear the risk that you might not be able to get a mortgage or the interest rate could go up. these companies are going to be caught on the leash when the bubble bursts.
|
|
pulmonarymd
Junior Associate
Joined: Feb 12, 2020 17:40:54 GMT -5
Posts: 7,368
|
Post by pulmonarymd on Mar 26, 2022 14:05:46 GMT -5
That will be one way to make us break our oil habit
|
|
Deleted
Joined: Apr 25, 2024 18:13:56 GMT -5
Posts: 0
|
Post by Deleted on Mar 26, 2022 16:00:08 GMT -5
There are now companies set up so that anyone can make an all-cash offer. It's a glorified bridge loan <snip> these companies are going to be caught on the leash when the bubble bursts. I'm not sure- I suppose if people don't get mortgage fast enough and the property value sinks, or the interest rate rises so quickly they no longer qualify- but I see most of the risk ending up on the buyer.
|
|
djAdvocate
Member Emeritus
only posting when the mood strikes me.
Joined: Jun 21, 2011 12:33:54 GMT -5
Posts: 75,081
Mini-Profile Background: {"image":"","color":"000307"}
Member is Online
|
Post by djAdvocate on Mar 26, 2022 16:03:46 GMT -5
these companies are going to be caught on the leash when the bubble bursts. I'm not sure- I suppose if people don't get mortgage fast enough and the property value sinks, or the interest rate rises so quickly they no longer qualify- but I see most of the risk ending up on the buyer. not sure i agree. buying a home is different than trading as investment, though. i bought a home from my sister in 2009. bad time to buy a house. it fell 50% in value. i didn't care, so long as the mortgage company didn't come knocking, because i planned on NEVER selling it.
|
|
Deleted
Joined: Apr 25, 2024 18:13:56 GMT -5
Posts: 0
|
Post by Deleted on Apr 1, 2022 18:11:03 GMT -5
I made a trip to Office Depot this morning for name tags for our HOA meeting and for mailing labels- $30 total. For modest quantities of sticky paper. Apparently, from one podcast I listened to, there's so much demand for all the stupid cardboard boxes everybody and his brother is getting from Amazon that all the pulp is being used to make corrugated cardboard. They're always oversized, too- they have a few standard sizes to they can be packed efficiently into a truck so many small items are put into boxes far larger than needed.
|
|
Tiny
Senior Associate
Joined: Dec 29, 2010 21:22:34 GMT -5
Posts: 13,365
|
Post by Tiny on Apr 2, 2022 10:02:19 GMT -5
It might be a double whammy - Is any part of the labels or tags made with petroleum? I know plastics are - but what about the adhesives or the coatings on labels and tags? The jump in price of oil - effects EVERYTHING made from it - not just the price of gas for our cars although that is what gets splashed across the news. FWIW: I always expect to spend a small fortune at Office Depot. I needed to buy some labels for a home project and some other stuff to make WFH better at the beginning of the Pandemic - since I didn't want to "scavenger hunt" all the stores looking for the labels (target, meijers, farm and fleet, the Dollar stores, Five Below, walmart) - and I still had the "Porch Pirates will steal my delivery! I can't order online frame of mind (even though I was at home) I bought from Office Depot and almost passed out from the prices I paid for the supplies I needed. And it's not just Amazon boxes - it's Chewy boxes - I was amazed at the amount of cardboard that comes with my Chewy purchases - I do like the super sturdy cardboard flats - I need to find some way to repurpose them - they are too nice and clean to just chuck in the recycle bin (especially when I'm pretty sure my 'paper' recycling doesn't really happen as all the recycleables get dumped together when the truck picks it up. )
|
|
TheOtherMe
Distinguished Associate
Joined: Dec 24, 2010 14:40:52 GMT -5
Posts: 27,161
Mini-Profile Name Color: e619e6
|
Post by TheOtherMe on Apr 2, 2022 17:09:46 GMT -5
The Chewy boxes are so sturdy. I have only had one time where the cat litter broke through the cardboard. FedEx caught it and sent notified Chewy. At least I didn't have to clean up the mess. I also really hate to break down the Chewy boxes.
More of my Amazon packages are arriving in lightweight plastic bags now. I have been surprised by the actual items that are arriving in the bags.
|
|