los angeles is about to be completely f*ed

chavez · RIP MHL 04/25/1958 - 01/11/2006

What the hell is that^ Laughing

ohsix · Posted: May 23, 2013 2:58 pm Post subject:

Must be Al Davis' grandson.

jt09 · Ladies Man Joined: 16 Jan 2003 Posts: 22083 City: Austin

very cool migration map: http://www.forbes.com/special-report/2011/migration.html

click a county and see where people are moving to/from.

goofyboy · Posted: May 29, 2013 6:44 am Post subject:

Houston kicking all sorts of arse. Oil / gas / chemical industry is growing right now. LNG is fueling the Houston economy.

http://finance.yahoo.com/news/houston-unstoppable-why-texas-juggernaut-125536748.html

jt09 · Ladies Man Joined: 16 Jan 2003 Posts: 22083 City: Austin

even the brits know what's up: http://www.bbc.co.uk/news/magazine-22649624

scott a · Ladies Man Joined: 13 Jan 2003 Posts: 9810

Yawn

Wake me up when LA is about to be completely f*ed.

jryoung · Ladies Man Joined: 19 Mar 2004 Posts: 7664 City: Man Jose

goofyboy · Posted: May 31, 2013 3:15 am Post subject:

JT - they left out one of the top reasons for guys to move here - the smokin hot women. Very Happy

jryoung, are the tree huggin hippies leaving?? Laughing

jt09 · Ladies Man Joined: 16 Jan 2003 Posts: 22083 City: Austin

at some point, money will win out. there were 462 permits to drill for oil/gas in cali approved over the last month. over 3500 in the last 6 months

Nor*Cal · Ladies Man Joined: 12 Jan 2003 Posts: 9479 City: Sac

jt09 · Ladies Man Joined: 16 Jan 2003 Posts: 22083 City: Austin

Nor*Cal, legislation that helps or hurts drilling/fracking?

eeven73 · Posted: May 31, 2013 7:30 am Post subject:

I am fairly certain ANTI-fracking legislation.

Nor*Cal · Ladies Man Joined: 12 Jan 2003 Posts: 9479 City: Sac

Legislation that would have banned, delayed, or made the practice economically unfeasible.

jt09 · Ladies Man Joined: 16 Jan 2003 Posts: 22083 City: Austin

gotcha

Nor*Cal · Ladies Man Joined: 12 Jan 2003 Posts: 9479 City: Sac

Wells regardless of practice are highly regulated here. The liberal Democrats and their environ NGO friends fear the practice but the science and history of practice in state show there is "no there-there."

The emerging moderate dem caucus hung tight and killed those bills along with an oil severance tax. Monterey Shale is becoming a possibility.

Nor*Cal · Ladies Man Joined: 12 Jan 2003 Posts: 9479 City: Sac

I'll put this up before a Texan does: http://blogs.the-american-interest.com/wrm/2013/05/30/googles-new-phone-made-in-the-usa/

jt09 · Ladies Man Joined: 16 Jan 2003 Posts: 22083 City: Austin

oh yeah, forgot about that one.

scott a · Ladies Man Joined: 13 Jan 2003 Posts: 9810

The 'built in the USA' Mac computers will be assembled in Texas... Unsure if the California facility will continue to assemble them at this point.

eeven73 · Posted: Jun 04, 2013 7:08 am Post subject:

http://dealbook.nytimes.com/2013/06/03/behind-the-rise-in-house-prices-wall-street-buyers/

What I was refering to earlier in this thread.

buckthis · Posted: Jun 04, 2013 9:40 am Post subject: la

Well since this is a thread about Texas now(not sure when that started)

TEXAS Is About To Be COMPLETELY F*ed!

Yes, for the next Three Months it is going to be HOT as Hell!

Faust · Wakeboarder.Commie Joined: 20 May 2005 Posts: 1496

goofyboy · Posted: Jun 04, 2013 10:06 am Post subject:

because now the people that have been wanting to move / buy can't afford it.

chavez · RIP MHL 04/25/1958 - 01/11/2006

goofyboy, yep. Or worse, can afford it cannot get their foot in the door to even make an offer due to all cash buyers and other shenanigans.

Seeing it in my hood big time. Sh/t is selling, and FAST, and for above asking. Saw the next model up from ours (2250sqft/4bd/2.5ba/3car) go from list @ 399 to list @ 440 to sale pending within a 5 day span. 2 others went from list to pend in less than a week. All traditional sales.

If my house will sell for a 6 figure net profit I am f'in moving. I will rent, whatever, don't care. Bank the dough and use it to buy after the next crash and get a bigger pad or buy a parcel and build the "dream house".

Faust · Wakeboarder.Commie Joined: 20 May 2005 Posts: 1496

I almost feel like that must be happening exclusively California and Florida. Prices have barely budged upwards here in Wisconsin although I am seeing the VERY beginnings of a turnaround.

chavez · RIP MHL 04/25/1958 - 01/11/2006

Faust, it's happening in AZ and NV too.

goofyboy · Posted: Jun 04, 2013 11:50 am Post subject:

It's happening in Houston, though not that large of swings. I sold my house for full asking in 24 hrs in March. Closed in April. We are currently building and just locked in our rate. New home prices are also going up around here. A good friend just sold hers for full asking in the same time frame. There are neighborhoods in Houston getting $15k over asking or more for tear downs.

What will be interesting is that the interest rates are also going up, along with the price. Two weeks back, it was 3.75. I just locked for 4.25.

ohsix · Posted: Jun 04, 2013 2:33 pm Post subject:

Midland, TX is the same as Chavez' neighborhood. Both of my younger siblings just bought houses. They both paid over asking price and cash. They were competing against multiple offers and both had lost previous houses with over asking price, cash offers.

goofyboy · Posted: Jun 05, 2013 3:30 am Post subject:

I see things continuing to go well for the next 5 - 10 years, as LNG is really driving a ton of work / business in Texas. All of the large engineering firms in Houston have some sort of LNG design work going on. There are mulitple multi billion dollar facilities being designed and built all over the world. For now, things are looking good.

Nor*Cal · Ladies Man Joined: 12 Jan 2003 Posts: 9479 City: Sac

Apple To Create 7,400 Jobs For New ‘Campus 2’ Headquarters In Cupertino By 2016

http://www.ibtimes.com/apple-create-7400-jobs-new-campus-2-headquarters-cupertino-2016-promotes-economic-benefits-city

jt09 · Ladies Man Joined: 16 Jan 2003 Posts: 22083 City: Austin

how the hell is apple creating 10-15k jobs right now?

eeven73 · Posted: Jun 05, 2013 8:33 am Post subject:

I would also be cautious about LNG/Fracking fever. A move in the underlying commodity could create havoc in the darlings of that market.

West Texas, Houston, the Dakotas, Canada to name a few.

Sorry, that I seem to be the wet dishrag Sad

jt09 · Ladies Man Joined: 16 Jan 2003 Posts: 22083 City: Austin

eeven73 · Posted: Jun 05, 2013 9:09 am Post subject:

I would say more Oil commodity pricing. I am not in the oil business only can speak from 3rd hand info. However, it is my understanding Fracking doesn't work financially below $40ish per barrel. I am sure that metric changes daily. I make the point as a little critic of the "5-10 year timeline of boom economics" sounds alot like real estate in 2003-2007. The commodity can change quickly and make all the billions in capital spent semi-useless.

I do however take your point.