Million Dollar Homes Leading the Foreclosure Market in Major Cities

Most of the blue states are broke.Pension costs alone will cost 3 or more times annual income.

California has a surplus of 30 billion, Nice try Retard

[link to www.politifact.com (secure)]


Um no you're the retard. Don't be such a bot

[link to www.quora.com (secure)]

personally, i like big houses and i like some space between me and neighbors

to me the tiny home movement is one of slavery, thosee spaces are often smaller than what slaves lived in

to me a bigger house is easier to take care of than a smaller place, as there is openness and things are easily put into organized places and such.

cannot stand to be crammed with stuff in a small space

this tinyhome movement is bs pr made to seem cool just so zomnbie people go along with being slaves and getting less and less than the 'overlords' who get more and more

We live in a state which has a middle class.

All the money is up there.Righties have to eat too.

fwiw - for IN Ground pools in our area
(people with million dollar houses around here do NOT do their own pool maintenance and do NOT have above ground pools - both of which would cut your costs considerably)


Yearly Pool maintenance costs around here:

Pool service company, twice a month service at $200+- a crack (including chemicals), which includes the hot tub for 6 months a year. = $2500+-

Open pool in spring, including a couple of semi truckloads of water (cheaper than getting off the city main), with labor $1500

Closing pool in fall, including pumping out the water, with labor $800

Heating pool in bridge season $600/mo = $2000+- (why have a pool if you are limited to only 10 weeks or so a year seems to be the attitude of most who have inground pools around here - May 1 to late Oct is the typical goal for the year)

Heating pool in summer months $200/mo = $600

Set aside for mid level pool maintenance (in freeze thaw areas ground heaving issues and concrete deterioration from the freeze thaw cycles is REAL) $1500/yr.

voila ... an easy $9,000/yr right there, and that does not include all the extras

Keep that Hot Tub HOT in the winter? ... well add in another $200 to $300/mo for a smaller one - extra $1500 right there, larger ones can be more, BEFORE mechanical maintenance, heaven forbid if you have a loss of power or other problem that then allows the plumbing to freezes up!! NEW hot tub general REQUIRED then.

Those numbers do NOT include things such as pool covers and their regular replacement (remember they will have to deal with 20 below zero weather in the winter as well as 100 degree days with the sun directly on them PLUS a heavy snow load PLUS kids walking on it accidentally - lifespan is thus limited), water toys, lounge chairs, etc. etc. etc..

Everybody I know around here who has an IN GROUND pool /hot tub tells me the same thing, budget $10,000 for the year and cross your fingers NOTHING MAJOR crops up - (20 below zero weather does a number on pumps and piping too) if it does, well it is going to cost a LOT to fix in our freeze /thaw cycle climate. (liner pools seem to do the best in our freeze thaw cycle weather)

It is MUCH cheaper to maintain an in ground swimming pool in a place where the freeze thaw cycle does NOT exist and pools do NOT have to be heated for most of the swimming season.

Last Edited by Midwest Skeptic on 04/09/2019 11:36 PM

You're missing the point.
The more money you have, the more you spend. For many reasons.
All people aren't trying to "save" money.

QA

This. So much this. I’ve lived in very tiny homes (grew up in one) and they are always such a mess because the stuff just takes over. Swore I’d get me some space when I grew up, and I have. Large places with great organization are the most beautiful and freeing. Tiny homes are just another idea people are being indoctrinated into for all sorts of globalist reasons. And that whole minimalist movement that really rich people do? Why do people want to fake poverty? If you’ve ever been poor, and I have, minimalism is as stupid as tiny houses.

This thread is so fascinating. I just moved from CA to...yep, you guessed it, Tennessee. Looked seriously at Texas but the property taxes scared us away (not a great idea when you are close to retirement).

Don’t worry, Tennessee folk, I’m uber conservative. We sold our stupidly expensive (yes, large) older house and spent less than half of that for a beautiful, new, large home in a great location. Property taxes will be less than 1/3 of what we were paying in California for a similar-sized, home.

In Eastern Tennessee there are plenty of large homes (I’m talking 3,000-6,000 square ft) and they seem to sell well. We actually preferred the construction and mature landscaping of the older homes, but we picked new construction to keep down immediate upkeep and renovation and for a smaller lot (less upkeep). So OP that part (people want new and somewhat less upkeep) rings true for us.

This is likely to happen in Toronto, Ontario, where homes are outrageously overpriced!

Wait until mortgage rates go up.

The houses are way overvalued.

People have mortgages on tiny 900 square foot houses of over 1 million dollars. We are talking ugly houses.

The home prices skyrocketed from about 2012 and people were getting mortgages at very low rates from unscrupulous mortgage brokers who helped them qualify at an amount for what they normally would not have been qualified for.

The parasitic/host model of governing. How long will it be before they kill the host with too much blood sucking?

Black mold will lower the resale value.