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I'm in Santa Barbara, CA. Good friend of mine just bought a shithole 3-2 1300sqft for $2.2m. $3M doesn't go very far considering 30 years ago it was retirement

I'm in Santa Barbara, CA. Good friend of mine just bought a shithole 3-2 1300sqft for $2.2m. $3M doesn't go very far considering 30 years ago it was retirement status almost anywhere.

all2 1y ago
I could retire on 3 million right now.
moritonal 1y ago
I have to ask, if they have access to get a loan of $2.2m then the friend could likely save for 5-7 years and just retire someplace cheap. Like, spending that much seems wild given the implied access to straight cash.
- bravesoul2 1y ago
  Yeah but let's keep the ponzi going people!
- zeroonetwothree 1y ago
  But you can always sell the house later if you want to retire somewhere cheaper. It’s not like you losing the money forever. You do have to pay interest taxes and maintenance, whether that exceeds the rent for an equivalent property is another question.
Thorrez 1y ago
Here's a $2M 4-3 2279sqft very-nice-looking home in Santa Barbara: https://www.zillow.com/homedetails/5436-Agana-Dr-Santa-Barbara-CA-93111/15909690_zpid/ https://www.zillow.com/homedetails/5436-Agana-Dr-Santa-Barba...
- AceJohnny2 1y ago
  offtopic, but I love comparing realtor glamour shots HDR'd out the wazoo with StreetView https://maps.app.goo.gl/2aEXsdH9hU3o4SZw5 https://maps.app.goo.gl/2aEXsdH9hU3o4SZw5 (winter, March 2012)
  - ikari_pl 1y ago
    Still not bad
  - wiz21c 1y ago
    so much space lost to cars...
  - gertlex 1y ago
    Aside to the offtopic: I'm surprised the google street view footage is 13 years old.
    - throw0101d 1y ago
      It launched in 2007, so approaching twenty years: * https://en.wikipedia.org/wiki/Google_Street_View https://en.wikipedia.org/wiki/Google_Street_View
      - gertlex 1y ago
        I meant and left out a key word; "most recent". Whoops! I'm used to seeing yearly or every-other-year streetview updates for locations I look at regularly. That said, might be mixing up my broader impression with the interval of satellite photo updates in the google earth history. (but my bay area neighborhood does indeed have streetview history updating every year or so; obviously this is probably on the high end given proximity to tech companies...)
  - fsckboy 1y ago
    that's not a glamour shot, that's just a sunny day. the dirty little secret of the southern california coast is it is cloudy more than half the time. west la, downright depressing. they call it "the marine layer", i call it cloudy as fuck.
    - Snowfield9571 1y ago
      Ya that’s completely false lol. Lots of reasons to criticize LA, being cloudy isn’t one of them https://wrcc.dri.edu/cgi-bin/clilcd.pl?ca23174 https://wrcc.dri.edu/cgi-bin/clilcd.pl?ca23174
- caminante 1y ago
  You're making his point. 4br in only 2k sqft? For 2M? Please...
  - Thorrez 1y ago
    I'm not saying the prices are reasonable. I'm saying $2.2M for a "shithole 1300sqft" doesn't make sense when you can pay $2M for a nice 2279sqft.
    - caminante 1y ago
      Sorry, but this reads like you contradicting yourself. ~"Not saying X, but... X."
      - Thorrez 1y ago
        My first sentence is saying "I'm not saying the prices are reasonable." How does my second sentence say the prices are reasonable? My second sentence is saying chasebank's friend did something that doesn't make sense. It's not saying the housing market in Santa Barbara is reasonable.
        caminante 1y ago
        >for a nice 2279sqft. Are you intentionally ignoring you said "nice" for what most would consider to be a source of ridicule (4BR SFH in 2k sqft). BTW, you haven't made an argument about real estate differences. The smaller home might be a better deal. And you're using a turn of phrase that is the opposite of your apparent intent.
        Thorrez 1y ago
        >most would consider to be a source of ridicule (4BR SFH in 2k sqft) I don't think most people would consider it a source of ridicule. (BTW, you omitted 279sqft.) In all the places I see discussing it online, I see tons of people saying 2279 sqft is a normal or even large size for 4BR, and only 1 person saying it's small[1-6]. The average bedroom size in the US is 132 sqft. The average master bedroom size is 224 sqft[7]. Even if we go with 224, with 4 of those, that's 896 sqft used by bedrooms, and 2279-896 = 1383sqft for non-bedroom stuff. I don't see why that's so bad. >BTW, you haven't made an argument about real estate differences. The smaller home might be a better deal. chasebank described it has a "shithole". So I assumed the real estate was bad. If chasebank was describing a house on a super valuable piece of land, chasebank should have mentioned that. It would be an important piece of information that would completely undermine chasebank's point. It would be misleading for chasebank to leave out that information, so I assumed chasebank didn't do that. Anyway, the real estate of the one I linked to seemed fine to me. [1] https://www.familyhomeplans.com/4-bed-3-bath-house-plans-home https://www.familyhomeplans.com/4-bed-3-bath-house-plans-hom... [2] https://www.coohom.com/article/how-many-square-feet-in-a-4-bedroom-house https://www.coohom.com/article/how-many-square-feet-in-a-4-b... [3] https://www.reddit.com/r/HousingUK/comments/vq293z/after_general_opinion_is_1400_sqft_130_m2_decent/ https://www.reddit.com/r/HousingUK/comments/vq293z/after_gen... [4] https://www.quora.com/How-many-square-feet-is-a-4-bedroom-house https://www.quora.com/How-many-square-feet-is-a-4-bedroom-ho... [5] https://houseplanfloorplan.quora.com/How-big-is-a-typical-4-bedroom-house https://houseplanfloorplan.quora.com/How-big-is-a-typical-4-... [6] https://www.coohom.com/article/how-many-square-feet-in-a-4-bedroom-house https://www.coohom.com/article/how-many-square-feet-in-a-4-b... [7] https://www.crddesignbuild.com/blog/average-bedroom-size/ https://www.crddesignbuild.com/blog/average-bedroom-size/
bravesoul2 1y ago
Yeah they been printing alot of $
cpursley 1y ago
I don’t get it, at this point you move to Baja or Portugal (for similar climate) and live like a king without ever having to work again (unless you want to). Or a cheaper east coast state if you wanna stay in the US on the coast and have access to to all the same fast food and Walmarts.
- rightbyte 1y ago
  Ye I really don't understand why people don't take their money and run more often. And like, run a convince store somewhere off.
  - TrapLord_Rhodo 1y ago
    I'm one of those people who took "the money and [ran]" I'm a digital nomad and have been traveling full time for 7 years now. It's great, it's a good balance of work/life balance but one thing you slowly start to notice is when you leave your country, no matter if you learn the language or how much integrate yourself into that country, you will always be an outsider to the majority in that country. As an american you will always be a Yankee, Farang or Gringo and will carry the weight of the US collective.
    - braebo 1y ago
      As a neurodiverse offspring of a biracial marriage, I’m starting to feel more and more like an outsider in my home state. Though I’d likely feel it much more if I left now, to your point.
    - StopDisinfo910 1y ago
      That stops when you actually fix yourself somewhere and become part of the community. Being a nomad is basically asking to start from scratch everywhere you go.
- waste_monk 1y ago
  How does medical care factor in to your plans? Do those places have equivalent access to care if you stay in or around the main cities? Even something like living in the countryside domestically would worry me (that is, longer times between calling for help and it arriving, then time to be transported to a medical centre or hospital, and then probably getting transported to the city anyway for access to advanced medical care).
david38 1y ago
His stupid idea to buy in a place that has gotten more expensive than almost anywhere in the country. I can cry that my dream flat in London is more expensive than I expected 30 years ago but that just shows how stupid I’ve been the last 30 years

I'm in Santa Barbara, CA. Good friend of mine just bought a shithole 3-2 1300sqft for $2.2m. $3M doesn't go very far considering 30 years ago it was retirement status almost anywhere.

all2 1y ago

I could retire on 3 million right now.

moritonal 1y ago

I have to ask, if they have access to get a loan of $2.2m then the friend could likely save for 5-7 years and just retire someplace cheap. Like, spending that much seems wild given the implied access to straight cash.

bravesoul2 1y ago
Yeah but let's keep the ponzi going people!
zeroonetwothree 1y ago
But you can always sell the house later if you want to retire somewhere cheaper. It’s not like you losing the money forever. You do have to pay interest taxes and maintenance, whether that exceeds the rent for an equivalent property is another question.

Thorrez 1y ago

Here's a $2M 4-3 2279sqft very-nice-looking home in Santa Barbara: https://www.zillow.com/homedetails/5436-Agana-Dr-Santa-Barbara-CA-93111/15909690_zpid/ https://www.zillow.com/homedetails/5436-Agana-Dr-Santa-Barba...

AceJohnny2 1y ago
offtopic, but I love comparing realtor glamour shots HDR'd out the wazoo with StreetView https://maps.app.goo.gl/2aEXsdH9hU3o4SZw5 https://maps.app.goo.gl/2aEXsdH9hU3o4SZw5 (winter, March 2012)
- ikari_pl 1y ago
  Still not bad
- wiz21c 1y ago
  so much space lost to cars...
- gertlex 1y ago
  Aside to the offtopic: I'm surprised the google street view footage is 13 years old.
  - throw0101d 1y ago
    It launched in 2007, so approaching twenty years: * https://en.wikipedia.org/wiki/Google_Street_View https://en.wikipedia.org/wiki/Google_Street_View
    - gertlex 1y ago
      I meant and left out a key word; "most recent". Whoops! I'm used to seeing yearly or every-other-year streetview updates for locations I look at regularly. That said, might be mixing up my broader impression with the interval of satellite photo updates in the google earth history. (but my bay area neighborhood does indeed have streetview history updating every year or so; obviously this is probably on the high end given proximity to tech companies...)
- fsckboy 1y ago
  that's not a glamour shot, that's just a sunny day. the dirty little secret of the southern california coast is it is cloudy more than half the time. west la, downright depressing. they call it "the marine layer", i call it cloudy as fuck.
  - Snowfield9571 1y ago
    Ya that’s completely false lol. Lots of reasons to criticize LA, being cloudy isn’t one of them https://wrcc.dri.edu/cgi-bin/clilcd.pl?ca23174 https://wrcc.dri.edu/cgi-bin/clilcd.pl?ca23174
caminante 1y ago
You're making his point. 4br in only 2k sqft? For 2M? Please...
- Thorrez 1y ago
  I'm not saying the prices are reasonable. I'm saying $2.2M for a "shithole 1300sqft" doesn't make sense when you can pay $2M for a nice 2279sqft.
  - caminante 1y ago
    Sorry, but this reads like you contradicting yourself. ~"Not saying X, but... X."
    - Thorrez 1y ago
      My first sentence is saying "I'm not saying the prices are reasonable." How does my second sentence say the prices are reasonable? My second sentence is saying chasebank's friend did something that doesn't make sense. It's not saying the housing market in Santa Barbara is reasonable.
      - caminante 1y ago
        >for a nice 2279sqft. Are you intentionally ignoring you said "nice" for what most would consider to be a source of ridicule (4BR SFH in 2k sqft). BTW, you haven't made an argument about real estate differences. The smaller home might be a better deal. And you're using a turn of phrase that is the opposite of your apparent intent.
        Thorrez 1y ago
        >most would consider to be a source of ridicule (4BR SFH in 2k sqft) I don't think most people would consider it a source of ridicule. (BTW, you omitted 279sqft.) In all the places I see discussing it online, I see tons of people saying 2279 sqft is a normal or even large size for 4BR, and only 1 person saying it's small[1-6]. The average bedroom size in the US is 132 sqft. The average master bedroom size is 224 sqft[7]. Even if we go with 224, with 4 of those, that's 896 sqft used by bedrooms, and 2279-896 = 1383sqft for non-bedroom stuff. I don't see why that's so bad. >BTW, you haven't made an argument about real estate differences. The smaller home might be a better deal. chasebank described it has a "shithole". So I assumed the real estate was bad. If chasebank was describing a house on a super valuable piece of land, chasebank should have mentioned that. It would be an important piece of information that would completely undermine chasebank's point. It would be misleading for chasebank to leave out that information, so I assumed chasebank didn't do that. Anyway, the real estate of the one I linked to seemed fine to me. [1] https://www.familyhomeplans.com/4-bed-3-bath-house-plans-home https://www.familyhomeplans.com/4-bed-3-bath-house-plans-hom... [2] https://www.coohom.com/article/how-many-square-feet-in-a-4-bedroom-house https://www.coohom.com/article/how-many-square-feet-in-a-4-b... [3] https://www.reddit.com/r/HousingUK/comments/vq293z/after_general_opinion_is_1400_sqft_130_m2_decent/ https://www.reddit.com/r/HousingUK/comments/vq293z/after_gen... [4] https://www.quora.com/How-many-square-feet-is-a-4-bedroom-house https://www.quora.com/How-many-square-feet-is-a-4-bedroom-ho... [5] https://houseplanfloorplan.quora.com/How-big-is-a-typical-4-bedroom-house https://houseplanfloorplan.quora.com/How-big-is-a-typical-4-... [6] https://www.coohom.com/article/how-many-square-feet-in-a-4-bedroom-house https://www.coohom.com/article/how-many-square-feet-in-a-4-b... [7] https://www.crddesignbuild.com/blog/average-bedroom-size/ https://www.crddesignbuild.com/blog/average-bedroom-size/

bravesoul2 1y ago

Yeah they been printing alot of $

cpursley 1y ago

I don’t get it, at this point you move to Baja or Portugal (for similar climate) and live like a king without ever having to work again (unless you want to). Or a cheaper east coast state if you wanna stay in the US on the coast and have access to to all the same fast food and Walmarts.

rightbyte 1y ago
Ye I really don't understand why people don't take their money and run more often. And like, run a convince store somewhere off.
- TrapLord_Rhodo 1y ago
  I'm one of those people who took "the money and [ran]" I'm a digital nomad and have been traveling full time for 7 years now. It's great, it's a good balance of work/life balance but one thing you slowly start to notice is when you leave your country, no matter if you learn the language or how much integrate yourself into that country, you will always be an outsider to the majority in that country. As an american you will always be a Yankee, Farang or Gringo and will carry the weight of the US collective.
  - braebo 1y ago
    As a neurodiverse offspring of a biracial marriage, I’m starting to feel more and more like an outsider in my home state. Though I’d likely feel it much more if I left now, to your point.
  - StopDisinfo910 1y ago
    That stops when you actually fix yourself somewhere and become part of the community. Being a nomad is basically asking to start from scratch everywhere you go.
waste_monk 1y ago
How does medical care factor in to your plans? Do those places have equivalent access to care if you stay in or around the main cities? Even something like living in the countryside domestically would worry me (that is, longer times between calling for help and it arriving, then time to be transported to a medical centre or hospital, and then probably getting transported to the city anyway for access to advanced medical care).

david38 1y ago

His stupid idea to buy in a place that has gotten more expensive than almost anywhere in the country. I can cry that my dream flat in London is more expensive than I expected 30 years ago but that just shows how stupid I’ve been the last 30 years