Subj : Re: Chinese Scientists Cr
To   : Rob Mccart
From : Kurt Weiske
Date : Sat Feb 22 2025 08:16:30

-=> Rob Mccart wrote to MIKE POWELL <=-

 RM> And some modular home parks (like big trailers without wheels?)
 RM> sell for from not much over $100,000 to $200,000 but you lease the
 RM> land and the value is in the location. If the place closes down you
 RM> virtually lose it all. You'd be lucky to get $15,000 for the home,
 RM> which would have to be moved. But, that said, a friend of mine who
 RM> has one of those bought it about 15 years ago for under $25,000 so
 RM> nothing is immune to the skyrocketing prices.

I've heard more and more stories about parks being sold out from under
the tenants, and tenants buying the park and turning them into a co-op.
Great idea, I hope it works out for them.

I keep seeing videos on YouTube about Slab City, an art/anarchy
community out at an abandoned military base in the Mojave desert. I
think I want to go out there with satellite internet and work remotely.
Except for the 120 degree summers. :(

 RM> There's no question housing is out of control at the moment but we have
 RM> an election coming up and they are all planning (?) to do something
 RM> about housing prices. Have to wait and see..

Housing has been the primary means of the middle class accumulating
wealth - and people still assume values are going to rise. If the prices
drop across the board, you're going to get a lot more underground
mortgages, more foreclosures, and more investment banks buying
single-family homes to drive the price up - which should be illegal.

 RM> Those of us who were already owners can sit back and reap the rewards
 RM> I suppose, as long as you're not planning on moving to a bigger place
 RM> or to a bigger city.

People in the San Francisco bay area know that if they move away, they
can never afford to move back. I moved in 2015 to the California coast -
I'm close enough that I can commute when needed, but wouldn't *want* to
move back - laid-back beach culture is priceless, but we're seeing more
and more people moving from Silicon Valley out here now that
telecommuting is more of a thing.

 
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