My mortgage is $1k and only going to get cheaper.

Work from home let people get further away from Boston than they would have originally. The fed found that WFH contributed 60% of the pandemic housing price increases. It essentially unlocked a huge amount of boston money all at once, and boston hasn't built anywhere near enough for the last 40 years (and won't anytime soon with its ridiculous zoning and ADU rules).

https://www.businessinsider.com/remote-work-raised-housing-prices-real-estate-market-federal-reserve-2022-9

They are allowed to stop and look for cars in order to enter the intersection safely. Learn to drive.

Sounds like a contingency purchase, which I’m not sure is the same consideration as a cash offer. Closing on cash is done within 30 days. If you need to muck around with the sale of your home, to buy another “in cash”, you’re not closing in 30 days due to the buyer of your home, in all likelihood.

Funny you should say that. Most of the buyers paying these crazy prices are gen-x or millennial. Where are they getting the money? From their dead boomer parents. That’s why the income level is way below the property values.

My plumber picks up the phone and has availability if anybody is interested.

nah, if you keep a good distance, cars get mad and start driving around you which makes it more dangerous.. the cops can even stop and question you for doing it.

failure to yield isn't a big deal.. did you really have a failure to yield? you should really be weary of cops most of them are abusive and are actually corrupt and many of them are literally dangerous criminals.. now you should keep a big enough distance between you and the next car so you don't rear end someone if they stop unexpectedly. it is okay, relax, your insurance won't go up much. if you had an accident on your record, then it would though. but the accident may be on your dad's record.

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i rear ended a businessman who was friends with cops.. he did a little chit chat with the cop, and the cop came and told me i had 7 days do file the accident report.. well turns out it is only 5 days, so because i missed the deadline by a day, the judge made the accident go 50/50 for the fault, even though the guy in front of me was at fault because he stopped all of a sudden and caused the accident

A segment on NPR claimed that the average ratio of income to home value is about 5x around the country these last 5 years (Not median, average.)

So keep that in mind to help understand who's buying these houses. I think secret is that most of those homes have out here have two incomes around the 129 range you're quoting. Then the numbers make sense with the 5x figure (10x / 2) and the finances. But that's definitely not most people.

Some real anecdotal data, some of my old science grad school friends are now in that salary range, and when two of those people pair up, they're suddenly in that 5x range. But they're, of course, not the majority of people who want to buy homes. And Boston is still pretty fucking crazy expensive in that sense.

Opinion: It sounds like possible wage theft and tax evasion.

As others pointed out, the 1099 is not something a regular part-time or full-time employee would use. Assuming their employer has been taking taxes out of their check, that could be both wage theft and tax evasion.

I recall someone, years ago, having their pay deducted for taxes, but the reality was the employer was pocketing it. This way they could technically pay their employee less. And, of course, that meant later, he could pass the taxes off to the employee by claiming they were an independent contractor.

You should have your friend look at his pay stub.

Count the salary after taxes too please. I make 80k, but after taxes it might only be 50k or so..

You shouldn’t have been so close. There is no scenario where you are not at fault here. Stop driving so close and stop driving so aggressively. You are a danger to others on the road - evidence being you literally hit another car. Cars can break at any time for any reason, it’s up to you to not be so close behind that you don’t have enough time to react. If you have slow reaction time, leave more space. You’re the asshole, kid!

People are bringing a million dollars from their previous house sale or from their parents to the purchase of the next house. I am telling you people, buy a small house in Attleboro, spend an hour on the commute, but you a house and all the benefits with it like the tax right offs.

Well, paying cash is a little bit complicated. First, a lot of people pay cash because they are using the sale of another house. Person A buys a house for 500k, then the market took off, he sells it for 800k to buy another house for 800k. That is a cash purchase. Second, banks are doing cash equivalent loans. This means the buyer is pre approved for the loan, no risk of the loan falling through. This is debt, but cash to the buyer. And then finally yeah, you have people who have cash on hand to buy housing.

No way a "gas station stocker" is an "independent contractor"

They should file forms SS-8 and 8919 to dump this back on the misclassifying employer

https://www.irs.gov/forms-pubs/about-form-8919

As an actual independent contractor (who exercises actual control over the time, manner, equipment, techniques, etc of my highly specialized client services), this stuff grinds my gears - not only because such grotesque abuses cheat powerless unspecialized workers, but also because they trigger reactions which make it harder for those of us who are truly independent and enjoying the benefits thereof to stay in business.

Not familiar with that town but in Framingham any house that's doable disappear within few days. The only houses that stay on the market are total craps not worth the money.

Being rich much be nice

Oh, the cape is in a terrible bind. The entire economy is geared toward tourism, but the residents refuse to allow anything to get built where all those restaurant/hotel/retail workers can actually afford to live. This article from the Globe recently about Barnstable residents trying to stop an old closing golf course from being turned into apartments makes it clear how bad the NIMBYism is there.

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> People diss Boomers, but really it's only bad if your boomer parents didn't take advantage of all the short-term grift their generation practiced.

boy if my parents knew what reddit was and could read this they'd be pissed!

Sounds like the station owner might be taking advantage of your friend's ignorance, and it was probably illegal.

https://www.mass.gov/service-details/independent-contractors edited for better link

My house is from 1780, with an addition from 1910, and MassSave put in insulation and weatherstripping.

What did your friend fill out when he got hired? 1099 means he’s an indecent contractor. I hope he saved some of his money to pay for the taxes he owes.