Politics
Out of context: Reply #1889
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- SigDesign0
You know, it's a very interesting predicament we've gotten ourselves into... American money is no longer based on gold (of course, since the 70s). It's speculative paper, so it's a bit volatile.
I think people who are calm and make some smart investments right now will benefit big time, because we're in a world market now, and while we know things will get worse, eventually they will also get better.
Don't you guys think that the housing market in NYC is out of whack? I mean, it's expensive in many cities, that's true, but I lived over in Jersey City for a little while working in Manhattan and it just didn't make sense to me. I don't feel that NYC is worth THAT much...certainly it's huge and so many people flock there that the demand is incredibly high, but I think people are taking way too much advantage of the situation, and that market will fall.
I'm having difficulty deciding where to move to next, because the disparity between housing prices is so huge between places like Portland, Seattle, NYC, San Francisco, and Pittsburgh (I live near that one, that's why I'm considering it).
I don't know if anyone realizes this, but you can buy a 3 bedroom nice, renovated house in Pittsburgh for $60-80,000, whereas Portland, a similar city where my wife and I want to move, is more than twice that. Really, the only major downfalls about Pittsburgh are that it's landlocked, and not many people are moving there. Not that anyone really wants to know any of this!
Right...politics thread... got my Obama sign! And, what's up with McCain talking about telegraphs and tillers? He was pretty creepy in the debate...
- Calling it speculative is a stretch...TheBlueOne
- Yeah, I exaggerate, but still, when people freak out and sell, everything falls...SigDesign
- But NYC is no more expensive than Tokyo or London for example..TheBlueOne
- ..and the NYC real estate market dropped in Sept. for the first time in what? A bazillion years?TheBlueOne
- You're right, actually London is amazingly expensive. Also, didn't know about the drop thanksSigDesign
- NYC is opportunity heaven... so the rent was really my only gripeSigDesign
- Yeah rent is a bitch - especially in Manhattan...TheBlueOne
- Manhattan isn't the best place to live imho, though... I liked lots of Brooklyn, but that's expensive now tooSigDesign