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You will live at the government mandated Mens Warehouse
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Sep 30, 2022 03:10
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Injuryprone posted:You will live at the government mandated Mens Warehouse But you're gonna like the way you look. That old stoner guaranteed it.
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Sep 30, 2022 03:20
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shrike82 posted:it's pretty funny that the US is one of the few places where the vast majority of mortgages are based on fixed interest rates Realistically if this happens and over 50% of people default on their loan in the UK what could really happen? I just don’t see the half the home owning population suddenly being homeless and if your average person witnesses that it turns out if enough people band together they can tell the banks to gently caress off we could get some amazing content
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Sep 30, 2022 03:45
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Dr. VooDoo posted:I just don’t see the half the home owning population suddenly being homeless I like your optimism
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Sep 30, 2022 05:08
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those gainz
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Sep 30, 2022 19:13
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found a hosed up airbnb nearby https://www.airbnb.com/rooms/674477533097681713 
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Oct 3, 2022 18:36
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They're definitely recording your yubnubs on hidden cameras.
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Oct 3, 2022 18:45
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Floor is lava posted:found a hosed up airbnb nearby "well this could be kinda neat if it was on vancouver island or someth-oh"
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Oct 3, 2022 18:55
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Floor is lava posted:found a hosed up airbnb nearby where do you poo poo
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Oct 3, 2022 18:57
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indigi posted:where do you poo poo Same place as the pope
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Oct 3, 2022 19:04
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lol I thought it was kind of cool before I looked at the map
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Oct 3, 2022 19:07
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indigi posted:where do you poo poo well you're already in the woods, so anywhere you want I guess
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Oct 3, 2022 19:25
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Floor is lava posted:found a hosed up airbnb nearby nothing like a single layer of plywood between you and the outside world. who needs insulation? especially 75ft up a tree!
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Oct 3, 2022 20:01
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indigi posted:where do you poo poo Anywhere over the railing. I suspect the owner is a Dave Matthews fan.
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Oct 3, 2022 20:07
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Floor is lava posted:found a hosed up airbnb nearby Great Conversations The world slows down here. Time flows differently. In other places, you might find conversations about the weather and the Kardashians. Here you’re more likely to run into ideas and dreamers talking about art, intimacy, change, growth, and being downright silly. indigi posted:where do you poo poo can't believe "outdoor bathroom for perverts" wasn't guessed 
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Oct 3, 2022 20:26
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can't wait to pay a lot of money for the privilege of being outright silly in Indiana
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Oct 3, 2022 20:28
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quirked up in west baden springs
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Oct 3, 2022 20:31
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Doin' heroin like most of Indiana: in a tree.
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Oct 4, 2022 01:23
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hell yeah
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Oct 11, 2022 16:58
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actionjackson posted:hell yeah https://www.youtube.com/watch?v=UbzUTRAUac4
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Oct 11, 2022 20:30
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https://fortune.com/2022/10/10/home-flippers-are-in-trouble-again/ oh nooo
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Oct 11, 2022 22:03
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quote:“I’ll never forget it. The music had stopped, and I didn’t have a chair,” he told Fortune.
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Oct 11, 2022 22:07
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we need to bail out the flippers
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Oct 11, 2022 23:45
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 Get hosed, assholes.
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Oct 12, 2022 00:36
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Kreeblah posted:
It ends on a lovely note quote:It’s a much more problematic environment now than it was back then when credit was breaking down in 2005, 2006, 2007, and 2008, and the job loss recession happened. Because for the next few years, you had distressed property coming into the system in bulk. So that was like a paradise period for flippers,” Mohtashami said. “But here [in 2022 and 2023], it’s much different.
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Oct 12, 2022 00:44
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I know it’s fortune so it’s written for other ghouls but  at thinking any normal person today with how hosed housing is would feel anything for assholes who buy up homes as investments to drive up costs
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Oct 12, 2022 01:49
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maybe this has already been discussed here but it’s new to me https://www.propublica.org/article/yieldstar-rent-increase-realpage-rent industry-wide price fixing , but it’s an algorithm so who’s to say if it’s legal or not
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Oct 17, 2022 17:29
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Jenny Agutter posted:maybe this has already been discussed here but it’s new to me https://www.propublica.org/article/yieldstar-rent-increase-realpage-rent Racketeering as a service isn't illegal.
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Oct 17, 2022 17:39
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Jenny Agutter posted:maybe this has already been discussed here but it’s new to me https://www.propublica.org/article/yieldstar-rent-increase-realpage-rent I like the part where they talk about how property managers are the weak link because they’ll cut deals with people but when it’s the algorithm you can be utterly heartless
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Oct 17, 2022 17:44
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Dr. VooDoo posted:I know it’s fortune so it’s written for other ghouls but "flipping" =/ landlording
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Oct 17, 2022 17:50
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HashtagGirlboss posted:I like the part where they talk about how property managers are the weak link because they’ll cut deals with people but when it’s the algorithm you can be utterly heartless rental I just got out of banned managers from deviating from the algorithm.
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Oct 17, 2022 17:55
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just doing my job of telling you what computer says you must pay me in rent guards at the gates of a concentration camp levels of bullshit.
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Oct 17, 2022 19:03
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Just upgrade the computer so that it can be the landlord and cut out the middleman.
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Oct 17, 2022 21:31
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BIG-DICK-BUTT-gently caress posted:"flipping" =/ landlording its still incredibly lovely and parasitic. literally all they do is install lovely cheap flooring, cabinents and maybe do a couple repairs on obvious stuff on homes that should be selling low to first time or low income people in crappy neighborhoods. then they add 75k to the price. so 10k in product and (debatably) 5k in labor costs becomes massively more expensive. if they're buying truly hosed homes and bringing them to livable conditions for a reasonable return, maybe ok. but thats not the majority. they're interceding in a process that working class people would do on their own over time and majorly distorting prices because they had access to such cheap credit.
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Oct 17, 2022 23:34
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I'd be opposed to flipping just from their aesthetic choices alone. Every house around here that got remodeled in the last couple of years is gray and white.
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Oct 17, 2022 23:42
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Ammanas posted:its still incredibly lovely and parasitic. literally all they do is install lovely cheap flooring, cabinents and maybe do a couple repairs on obvious stuff on homes that should be selling low to first time or low income people in crappy neighborhoods. then they add 75k to the price. so 10k in product and (debatably) 5k in labor costs becomes massively more expensive. i didnt read the article so maybe they used the term to desrcibe your first example but im thinking in terms of the second one, buying an abandoned/unlivable home and rehabbing it to neighborhood standards. That's essentially increasing the housing supply. Even the first example i dont really get .. you're saying the houses should stay old and outdated so poor people can afford them? I dont really think that's what you mean, because the issue is that poor folks cant afford entry level homes with up-to-date finishes--not that entry level homes are built too expensive. I dont really see the big difference between "contractor renovates home over 6 months for $X and profits $Y at the point of sale" versus "Homeowner renovates home over five years for $X, contractor profits $Y" Dont get me wrong, it's not done out of altruism and they dont deserve any tears shed over them but i dont think they are a significant negative force on the market.
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Oct 18, 2022 00:07
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The stereotypical house flip (and I don't know what portion of them fit this description, but it's what's being criticized) is mostly focused on aesthetics and a few flashy upgrades that help it sell rather than important things like plumbing or electrical work. New paint, kitchen appliances, granite countertops, etc.
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Oct 18, 2022 00:29
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A Bakers Cousin posted:those gainz 4 bathrooms in 1400 sq ft what the hell this is some "1 more bathroom => X more thousand dollars" logic taken too far
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Oct 18, 2022 04:20
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Yeah that's some serious "every room is 10x8 ft" energy, and evidently no living room? I'd rather have the 1488 house, I have some good ideas for this halloween holiday
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Oct 18, 2022 07:44
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BIG-DICK-BUTT-gently caress posted:i didnt read the article so maybe they used the term to desrcibe your first example but im thinking in terms of the second one, buying an abandoned/unlivable home and rehabbing it to neighborhood standards. That's essentially increasing the housing supply. It's a problem to assume that housing needs to be endlessly "updated" in this way in the first place, and it's part of what's pushing housing prices beyond affordability for almost everyone. Yes, if you watch stupid reality TV you'll see plenty of flippers taking wrecked homes and making them livable, but that's not what the typical flipper does at all. These people are mostly unskilled, inexperienced HENRY types with a little money (or access to loans) buying in on a get rich quick scheme. Lots of flippers swoop in on perfectly fine starter-level homes and tear them up to follow recent trends or otherwise show better. The whole reason the term "flipper" has become so derogatory is because these aren't people making lasting, durable improvements to increase the value of a home. They are, for the most part, people who are putting a cheap Instagram veneer on a house so they can sell it at a huge markup. I've been watching homes in my neighborhood get this treatment for the better part of ten years now. This area wasn't particularly cheap to begin with, and almost all the houses flippers buy in this area are move-in ready. The playbook is almost always exactly the same: knock down a bunch of walls to create an open floorplan, tear up carpeting and replace it with LVP if there's not already hardwood in the home, install a bunch of midrange stainless steel appliances, and then spend way too much money on marketing. Every time. It's builder-grade renovations that drive homes out of reach for anyone who can't afford a $3-4k/mo mortgage.
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Oct 18, 2022 08:05
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