Define :plac:

[Tar]

I don't generally give a fuck what happens to housing or the market, the break that I'm hoping for is that 100% remote employment opportunities become common enough for us to have them.

If all of our cash disappears and we have to pay $3k/mo to rent a decent place in a decent city that's "fine" - as long as we have fucking jobs that allow us to live where we want vs being chained to an office for no god damn reason.

Short term my hope/plan is: Wife keeps her current job. She's been working 100% remote for 8 weeks now and the government mandate currently runs through what will be the 10th week of 100% remote work. With some luck, she can convince the boss to make the remote status permanent and we can move South this Fall, likely a rental in Charlotte. The boss allowing this is the lucky break that I'm pinning my hopes and dreams on, it's that possible future which is keeping me from being totally miserable right now. 10+ weeks of no impact to job performance has to be a long enough trial to prove that it will work. 3/4 of her team isn't even in this country anyway, it was fucking insane that we had to live here even before the virus.

I remember that you guys were house shopping. Heck if that's off the table then it takes a lot pressure off you in some ways financially.

Charlotte is a nice city with good weather. I could get on board with that WFH lifestyle. Who knows what corporate dinosaurs will decide now that their lives are literally on the line. Still doubtful it will go remote in 90% of work establishments, but I agree that they should.

[Tar]

I don't generally give a fuck what happens to housing or the market, the break that I'm hoping for is that 100% remote employment opportunities become common enough for us to have them.

If all of our cash disappears and we have to pay $3k/mo to rent a decent place in a decent city that's "fine" - as long as we have fucking jobs that allow us to live where we want vs being chained to an office for no god damn reason.

Short term my hope/plan is: Wife keeps her current job. She's been working 100% remote for 8 weeks now and the government mandate currently runs through what will be the 10th week of 100% remote work. With some luck, she can convince the boss to make the remote status permanent and we can move South this Fall, likely a rental in Charlotte. The boss allowing this is the lucky break that I'm pinning my hopes and dreams on, it's that possible future which is keeping me from being totally miserable right now. 10+ weeks of no impact to job performance has to be a long enough trial to prove that it will work. 3/4 of her team isn't even in this country anyway, it was fucking insane that we had to live here even before the virus.

Hope this happens.

We’re hoping to move this year as well... womanz new gig (since I’m a bitch too and my woman makes more than me), is on the peninsula and we can’t Afford $1600 a sq foot. And commuting is 2 hrs each way.... from reasonable places ... which hopefully we can finally get.

But now the fear is everyone is doing the same shit, tons of people are trying to leave sf...

Likewise.

[Tar]

Reread this thread, i feel like a different human from who I was in October. Anyone else there with me? Is it possible this is actually bettering us all? Do we need adversity and challenges to be our true to ourselves?

Me in October... would love a green Chally with a 392 Hemi

Me now... I think my wife and I should split driving the Gorf until the wheels fall off of it since it's paid off and one insurance policy would save us $.

RIP

I don’t know ... this affects everyone differently.

I still want a

Reducing expenses is a survival tactic. If you and the missus are secure in your employment and can handle three cars, one to two properties, crotchfruit and unstable future interest rates and COL then you're jelling, but that's pretty rare for most people at our age. If things stay the same on an economic front then I agree, a new Rav and gently used Evora should be in the three car garage bay. Wish I could say the same.

[troyguitar]

I don't generally give a fuck what happens to housing or the market, the break that I'm hoping for is that 100% remote employment opportunities become common enough for us to have them.

If all of our cash disappears and we have to pay $3k/mo to rent a decent place in a decent city that's "fine" - as long as we have fucking jobs that allow us to live where we want vs being chained to an office for no god damn reason.

Short term my hope/plan is: Wife keeps her current job. She's been working 100% remote for 8 weeks now and the government mandate currently runs through what will be the 10th week of 100% remote work. With some luck, she can convince the boss to make the remote status permanent and we can move South this Fall, likely a rental in Charlotte. The boss allowing this is the lucky break that I'm pinning my hopes and dreams on, it's that possible future which is keeping me from being totally miserable right now. 10+ weeks of no impact to job performance has to be a long enough trial to prove that it will work. 3/4 of her team isn't even in this country anyway, it was fucking insane that we had to live here even before the virus.

I remember that you guys were house shopping. Heck if that's off the table then it takes a lot pressure off you in some ways financially.

Charlotte is a nice city with good weather. I could get on board with that WFH lifestyle. Who knows what corporate dinosaurs will decide now that their lives are literally on the line. Still doubtful it will go remote in 90% of work establishments, but I agree that they should.

We'll buy (or hopefully build) eventually but not until we've landed in a "permanent" location and lived there long enough to establish local preferences. All of the getting rid of shit that we've been doing for the past 18 months is starting to really make an impact. In a nice place/area I think we could not only tolerate but enjoy 1000 square feet now. I don't even care about having a garage at least in the 5-year plan. The car is new and isn't getting modded, no need to work on it.

It all comes down to jobs. For now, one dude here in Corning is in control of our fate.

[goIftdibrad]

Our spending is down to almost nothing at this point. I'm really optimistic that the pandemic will be our ticket to freedom, just waiting to see if that turns out to be true. If it does, then our spending will likely double very quickly (on housing and entertainment, not cars) and all will be well in our world.

I'm guessing that it's about 50/50 but we're due for a break.

So things I'm hearing from other commoners:

-1. house prices will drop 30%
-2. interest rates will spike
-3. this thing will slow us down HARD for three years

1. Kinda hope, but not b4 i sell pot filler palace...
2. I think the (US) government will spend us into hyperinflation before we see a prime interest rate over 5% in the next 5 years
3. at least.

[Desertbreh]

I remember that you guys were house shopping. Heck if that's off the table then it takes a lot pressure off you in some ways financially.

Charlotte is a nice city with good weather. I could get on board with that WFH lifestyle. Who knows what corporate dinosaurs will decide now that their lives are literally on the line. Still doubtful it will go remote in 90% of work establishments, but I agree that they should.

We'll buy (or hopefully build) eventually but not until we've landed in a "permanent" location and lived there long enough to establish local preferences. All of the getting rid of shit that we've been doing for the past 18 months is starting to really make an impact. In a nice place/area I think we could not only tolerate but enjoy 1000 square feet now. I don't even care about having a garage at least in the 5-year plan. The car is new and isn't getting modded, no need to work on it.

It all comes down to jobs. For now, one dude here in Corning is in control of our fate.

Have you sent him a fruit basket?

[razr390]

Obviously this pandemic is affecting a bunch of things, but I don’t think it’s changing anyone alone. I think it’s helping those that have the awareness of putting their own situation in perspective.

I used to want wheels on my car because 17” Denvers but now I’m like dude why? These wheels are comfy AF and I don’t need the car to be more than anything it already is (a fun, safe, versatile daily).

Cars are pretty much out of my system for me. Next car after this will NOT be new and it will either be a car I can pay in full for or a car that is affordable for my lifestyle (think ‘s for basically my car but $12k less than I paid.)

It goes a long way. We are managing to get by on mainly my income so once shit is paid of it’s just coasting on autopilot. Wifey has a 2014 Jetta that may need some maintenance coming up but no lights, and dealer saw nothing wrong with it. She barely drives it too. That’ll be paid off within the next 12-15 months.

We are even thinking of canceling cable because we don’t use it. Even though we have an arguably good deal for $110/month for all HD channels and good internet, we’d save $40/month by doing internet alone.

[Wocka Wocka]

Obviously this pandemic is affecting a bunch of things, but I don’t think it’s changing anyone alone. I think it’s helping those that have the awareness of putting their own situation in perspective.

I used to want wheels on my car because 17” Denvers but now I’m like dude why? These wheels are comfy AF and I don’t need the car to be more than anything it already is (a fun, safe, versatile daily).

Cars are pretty much out of my system for me. Next car after this will NOT be new and it will either be a car I can pay in full for or a car that is affordable for my lifestyle (think ‘s for basically my car but $12k less than I paid.)

It goes a long way. We are managing to get by on mainly my income so once shit is paid of it’s just coasting on autopilot. Wifey has a 2014 Jetta that may need some maintenance coming up but no lights, and dealer saw nothing wrong with it. She barely drives it too. That’ll be paid off within the next 12-15 months.

We are even thinking of canceling cable because we don’t use it. Even though we have an arguably good deal for $110/month for all HD channels and good internet, we’d save $40/month by doing internet alone.

In regards to the cable, I probably wouldn't cancel for a $40.00 savings. We save like $75.00 by having cable/internet-only tv access via Comcast. Unfortunately, that is our only option in Bumblefuck.

[Wocka Wocka]

Obviously this pandemic is affecting a bunch of things, but I don’t think it’s changing anyone alone. I think it’s helping those that have the awareness of putting their own situation in perspective.

I used to want wheels on my car because 17” Denvers but now I’m like dude why? These wheels are comfy AF and I don’t need the car to be more than anything it already is (a fun, safe, versatile daily).

Cars are pretty much out of my system for me. Next car after this will NOT be new and it will either be a car I can pay in full for or a car that is affordable for my lifestyle (think ‘s for basically my car but $12k less than I paid.)

It goes a long way. We are managing to get by on mainly my income so once shit is paid of it’s just coasting on autopilot. Wifey has a 2014 Jetta that may need some maintenance coming up but no lights, and dealer saw nothing wrong with it. She barely drives it too. That’ll be paid off within the next 12-15 months.

We are even thinking of canceling cable because we don’t use it. Even though we have an arguably good deal for $110/month for all HD channels and good internet, we’d save $40/month by doing internet alone.

FAK. I always hit the quote button. I am a boomer.

[ChrisoftheNorth]

So things I'm hearing from other commoners:

-1. house prices will drop 30%
-2. interest rates will spike
-3. this thing will slow us down HARD for three years

1. Kinda hope, but not b4 i sell pot filler palace...
2. I think the (US) government will spend us into hyperinflation before we see a prime interest rate over 5% in the next 5 years
3. at least.

[CorvetteWaxer]

In regards to the cable, I probably wouldn't cancel for a $40.00 savings. We save like $75.00 by having cable/internet-only tv access via Comcast. Unfortunately, that is our only option in Bumblefuck.

Yeah, we saved like $85 with Comcast by dropping the everything TV package. We never used it other than a couple of channels.

We got YouTube TV for $49 and have all the channels we need and can still watch or local news and channels when we travel.

You can watch on a phone or tablet, and the Android TV app works awesome on the Shield for big screen viewing. We have taken our Shield to Vegas, Hawaii, Arizona, Tennessee, Central coast of California and cabins in Tahoe. As long as there is internet we can watch our TV stations when the location may have limited TV. Also being able to dump content on a USB drive.... But that's another topic...

[max225]

So things I'm hearing from other commoners:

-1. house prices will drop 30%
-2. interest rates will spike
-3. this thing will slow us down HARD for three years

1. Kinda hope, but not b4 i sell pot filler palace...
2. I think the (US) government will spend us into hyperinflation before we see a prime interest rate over 5% in the next 5 years
3. at least.

1. in parts of the country for sure, especially those that deal with oil/travel/airlines.
2. Possibly... but unlikely for another year or two
3. I would say for every 1 week we're closed 1 month economic slow down at least.

[Tar]

1. in parts of the country for sure, especially those that deal with oil/travel/airlines.
2. Possibly... but unlikely for another year or two
3. I would say for every 1 week we're closed 1 month economic slow down at least.

Max I like this theory, it seems arguably true to how I see things in the GTA (Toronto area).

Re. #2: I think rates will battle with inflation, but inflation isn't on the radar right now. We need to be back in full swing and spending money so demand pushes supply and prices reflect. So I'm guessing that we have low rates until the economy is sure footed. We have been down and out for seven weeks and will probably slowly come out of our shells in June maybe? So a year of recovery would be

Hey check this article out:

https://www.zerohedge.com/health/elvis- ... d-pandemic

[max225]

1. in parts of the country for sure, especially those that deal with oil/travel/airlines.
2. Possibly... but unlikely for another year or two
3. I would say for every 1 week we're closed 1 month economic slow down at least.

Max I like this theory, it seems arguably true to how I see things in the GTA (Toronto area).

Re. #2: I think rates will battle with inflation, but inflation isn't on the radar right now. We need to be back in full swing and spending money so demand pushes supply and prices reflect. So I'm guessing that we have low rates until the economy is sure footed. We have been down and out for seven weeks and will probably slowly come out of our shells in June maybe? So a year of recovery would be

Hey check this article out:

https://www.zerohedge.com/health/elvis- ... d-pandemic

Inflation HAS GOT TO happen... i mean we funneled 2.2TRILLION and counting into the economy... BUT.. everyone is staying frugal, as even indicated by this thread. But I think it is temporary. You have to actually increase the money supply in circulation by spending it before you see it trickle through all products. Yea this virus is nothing new... humanity faces this on a constant basis.

The question will be, will we climb out of it in our generation or next.

[Tar]

Max I like this theory, it seems arguably true to how I see things in the GTA (Toronto area).

Re. #2: I think rates will battle with inflation, but inflation isn't on the radar right now. We need to be back in full swing and spending money so demand pushes supply and prices reflect. So I'm guessing that we have low rates until the economy is sure footed. We have been down and out for seven weeks and will probably slowly come out of our shells in June maybe? So a year of recovery would be

Hey check this article out:

https://www.zerohedge.com/health/elvis- ... d-pandemic

Inflation HAD GOT TO happen... i mean we funneled 2.2TRILLION and counting into the economy... BUT.. everyone is staying frugal, as even indicated by this thread. But I think it is temporary. You have to actually increase the money supply in circulation by spending it before you see it trickle through all products. Yea this virus is nothing new... humanity faces this on a constant basis.

The question will be, will we climb out of it in our generation or next.

Nice to hear your view on the inflation piece, sounds like we both see it the same way.

By climb out do you mean go back to normal operation or do you mean paying off the debt? One to two generations is a LONG time!

[max225]

Inflation HAD GOT TO happen... i mean we funneled 2.2TRILLION and counting into the economy... BUT.. everyone is staying frugal, as even indicated by this thread. But I think it is temporary. You have to actually increase the money supply in circulation by spending it before you see it trickle through all products. Yea this virus is nothing new... humanity faces this on a constant basis.

The question will be, will we climb out of it in our generation or next.

Nice to hear your view on the inflation piece, sounds like we both see it the same way.

By climb out do you mean go back to normal operation or do you mean paying off the debt? One to two generations is a LONG time!

Well I just mean sort of return to "the way things were" but given HOW MUCH TIME has already passed for us here in cali and in my own personal case, I highly doubt we will ever return to "normal" at this point. It will be some sort of a "hybrid" and a long lasting hang over from this.

I am now going on month 3... which is frankly insane, it is highly unlikely I will step foot into the office this month, and for the rest of the year, it'll likely be at most a 3/2 schedule (in office/home) which is both good and bad. Seems like that will be a normal for the girl as well, this affects everyone differently but the adaptation is rapid. I can't think of a single area of my life that wasn't affected by the virus crap. It is very very frustrating.

The uncertainty is really unsettling me from an economics perspective, nothing here to guide us through ...
i.e is it better to spend all money now, before inflation hits?
Should be buying a home now? or will it go down? or will it go way up because my area seems unaffected by the virus for now...

Questions that have no answers, and I am tired of waiting, because this isn't a 2 week blip...

[Tar]

Nice to hear your view on the inflation piece, sounds like we both see it the same way.

By climb out do you mean go back to normal operation or do you mean paying off the debt? One to two generations is a LONG time!

Well I just mean sort of return to "the way things were" but given HOW MUCH TIME has already passed for us here in cali and in my own personal case, I highly doubt we will ever return to "normal" at this point. It will be some sort of a "hybrid" and a long lasting hang over from this.

I am now going on month 3... which is frankly insane, it is highly unlikely I will step foot into the office this month, and for the rest of the year, it'll likely be at most a 3/2 schedule (in office/home) which is both good and bad. Seems like that will be a normal for the girl as well, this affects everyone differently but the adaptation is rapid. I can't think of a single area of my life that wasn't affected by the virus crap. It is very very frustrating.

The uncertainty is really unsettling me from an economics perspective, nothing here to guide us through ...
i.e is it better to spend all money now, before inflation hits?
Should be buying a home now? or will it go down? or will it go way up because my area seems unaffected by the virus for now...

Questions that have no answers, and I am tired of waiting, because this isn't a 2 week blip...

I feel the same way and don't think we're wrong to feel this way. Hybrid work/home schedule for a while for sure, good and bad for sure. I mean, our cars will last longer, commute costs lower, pollution lower.

I was just barely a home owner in 2007/8, and went through a larger level of a anxiety back then. This is my second economic crisis, so I'm less scared now, but I don't think that I can guess/predict what's coming next.

My feeling is that it will be somewhere between what we are thinking will happen and how things normally are.

My guess is that housing will take a dip, feeling 30%, guessing half of that.

Guessing that rates stay in the basement for 3 years and then climb by a quarter/half point six times so up to 3% higher but not until house prices start climbing which means that will be back to buying the latest i-trudy every six to twelve months.

Three years of shitty times, five to ten years before house prices are hard to keep up with and we need to outbid the next guy, unless prices hit way too low and are climbing fast, at that point I'd get into the market knowing my rates will be today's rates plus 3 or 4%

I could live with that end result. Hoping it's not worse, but what 2008 taught me is that when the sky looks like it's falling we need to be sure it's not just rain.

[ChrisoftheNorth]

House across the street from us listed and sold last week in a day 2% above asking price (which was aggressive). So far,

I feel like I should be more freaked out than I am, but We have so much equity in the house that we could lose 30% of it's "value" (as appraised for ReFi RIGHT before the virus) and still be above water on the mortgage.

[max225]

The thing is we don't know how it will impact the future this huge unknown ...
Will office space become so cheap that it will get converted to residential property and flood the market?
Will people not need cars as often because no where to go?
Will tesla completely change the market?

Who knows... the amount of unknowns is completely unsettling however, because they can wipe out a life's worth of savings due to a mistake in a matter of months...

[Wocka Wocka]

I'm mostly not that concerned because we're not going to see hyperinflation. 50% a month, .

In 2007, I was making 40% less than I do now and paying $3.70 a gallon for gas. I'll be able to weather this just fine.

I am happy enough in my house. I certainly am not miserable like others, so if values plummet and I have to wait an extra 3 or 4 years to make a move after the kid graduates, no big deal.

[Wocka Wocka]

The thing is we don't know how it will impact the future this huge unknown ...
Will office space become so cheap that it will get converted to residential property and flood the market?
Will people not need cars as often because no where to go?
Will tesla completely change the market?

Who knows... the amount of unknowns is completely unsettling however, because they can wipe out a life's worth of savings due to a mistake in a matter of months...

I kind of think the opposite might happen with office space? I don't think the olds running a lot of companies are going to want to continue to let people WFH for forever, so they'll buy up more office space to keep them socially distant. I am probably though. I have zero actually business knowledge.

[max225]

The thing is we don't know how it will impact the future this huge unknown ...
Will office space become so cheap that it will get converted to residential property and flood the market?
Will people not need cars as often because no where to go?
Will tesla completely change the market?

Who knows... the amount of unknowns is completely unsettling however, because they can wipe out a life's worth of savings due to a mistake in a matter of months...

I kind of think the opposite might happen with office space? I don't think the olds running a lot of companies are going to want to continue to let people WFH for forever, so they'll buy up more office space to keep them socially distant. I am probably though. I have zero actually business knowledge.

Depends on where you live man, here the median age is 29 at Facebook for example. That's a far cry from "olds"

[ChrisoftheNorth]

I'm mostly not that concerned because we're not going to see hyperinflation. 50% a month, .

In 2007, I was making 40% less than I do now and paying $3.70 a gallon for gas. I'll be able to weather this just fine.

I am happy enough in my house. I certainly am not miserable like others, so if values plummet and I have to wait an extra 3 or 4 years to make a move after the kid graduates, no big deal.

[Wocka Wocka]

I kind of think the opposite might happen with office space? I don't think the olds running a lot of companies are going to want to continue to let people WFH for forever, so they'll buy up more office space to keep them socially distant. I am probably though. I have zero actually business knowledge.

Depends on where you live man, here the median age is 29 at Facebook for example. That's a far cry from "olds"

Fair enough.

[Tar]

Depends on where you live man, here the median age is 29 at Facebook for example. That's a far cry from "olds"

Fair enough.

That just means that there will be more WFH.

I doubt very very much that Facebook will change much at all. Just more or less staff, and more WFH