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jokes on me, i spend Palladium has issued a correction as of 12:47 on Oct 20, 2022 |
# ? Oct 20, 2022 12:44 |
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# ? May 24, 2024 23:37 |
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actionjackson posted:fortunately she has amazon RSUs to help with the down payment They make so much money, it's impossible to compete with them if you don't have one of those sick FAANG jobs.
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# ? Oct 22, 2022 03:53 |
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AnimeIsTrash posted:They make so much money, it's impossible to compete with them if you don't have one of those sick FAANG jobs. she's not actually a programmer or anything, she does something in disability services I think, but I'm sure it's better paying than anything else she could get in her field
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# ? Oct 22, 2022 05:01 |
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# ? Oct 25, 2022 20:59 |
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that’s a huge bathroom
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# ? Oct 25, 2022 21:17 |
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euphronius posted:that’s a huge bathroom monitor
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# ? Oct 25, 2022 21:19 |
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lol at the vent right near the toilet. helpful for spreading poo poo smell immediately around the entire room
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# ? Oct 25, 2022 23:02 |
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Reminds me of this place my cousin lived in in the bay area, which was one of those old townhomes divided into 4 apartments. So he had a kitchen/bathroom. In that his corner of the house turned apartment had no kitchen, so they put some appliances in the bathroom.
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# ? Oct 26, 2022 00:55 |
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joepinetree posted:Reminds me of this place my cousin lived in in the bay area, which was one of those old townhomes divided into 4 apartments. So he had a kitchen/bathroom. In that his corner of the house turned apartment had no kitchen, so they put some appliances in the bathroom. $3500/mo
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# ? Oct 26, 2022 02:33 |
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is this the new landlords.txt thread too? https://www.quora.com/Why-are-landl...swers/309780880 quote:I am a landlord, and I absolutely refuse to participate in the emergency rental assistance program. It is likely that in some cases it would make more financial sense to waive all the late fees and costs, and to accept the partial payment offered by the government, if the tenant has no assets I can take in a lawsuit, but the purpose of the program is to prevent eviction, and I want to evict everyone who even tried to take advantage of the moratorium.
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# ? Oct 26, 2022 05:28 |
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That sure is a lot of words to say “I’m a leech on society, suck suck suck”
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# ? Oct 26, 2022 05:33 |
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Dr. VooDoo posted:That sure is a lot of words to say “I’m a leech on society, suck suck suck” Leeches and assholes get real mad when you respond to them with "didn't read past the first sentence, gently caress you"
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# ? Oct 26, 2022 05:36 |
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El Mero Mero posted:is this the new landlords.txt thread too? obviously the whole thing is ripe with fruit ready for harvest but lol at: quote:Stimulus checks and unemployment went out and should have been used to fund moves to more affordable homes where their new minimum wage jobs could have covered the rent. Businesses were hiring, and people could have moved into shared housing or extended stay motels. It would not have been easy and it would not have been fun, but you shouldn’t get to steal housing from someone else just because you want to avoid unpleasantness.
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# ? Oct 26, 2022 05:52 |
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El Mero Mero posted:is this the new landlords.txt thread too? Yes, I am affluent today, because I saved, worked hard, and made smart investments. I am not going to apologize for having turned the money my husband earned serving in Afghanistan, and what I earned as a teacher, into several successful businesses. I had to move in with my in-laws when my husband was first deployed, when financial setbacks meant I couldn’t afford rent. I dealt with the consequences, I took every penny that passed through my hands and used it to pay my creditors, and I rebuilt.
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# ? Oct 26, 2022 15:25 |
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iCe-CuBe. posted:Yes, I am affluent today, because I saved, worked hard, and made smart investments. I am not going to apologize for having turned the money my husband earned serving in Afghanistan, and what I earned as a teacher, into several successful businesses. I had to move in with my in-laws when my husband was first deployed, when financial setbacks meant I couldn’t afford rent. I dealt with the consequences, I took every penny that passed through my hands and used it to pay my creditors, and I rebuilt. and so now others must live with their in-laws because I own the houses they would otherwise live in
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# ? Oct 26, 2022 15:29 |
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Home prices are on the way down in the 20 largest markets. https://press.spglobal.com/2022-10-25-S-P-CORELOGIC-CASE-SHILLER-INDEX-CONTINUED-TO-DECELERATE-IN-AUGUST quote:MONTH-OVER-MONTH Please keep raising interest rates and slowing/stoping QE, Jpow.
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# ? Oct 26, 2022 15:50 |
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MickeyFinn posted:Home prices are on the way down in the 20 largest markets. IIRC that's a change in the rate of increase, not an actual decrease in prices. they're still up 12% YoY on a national level.
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# ? Oct 26, 2022 15:53 |
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yeah we aren’t getting real price drops without significantly more supply. High rates make builders slow down since it’s more expensive to finance their work, making the supply issue worse.
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# ? Oct 26, 2022 15:57 |
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Pittsburgh Fentanyl Cloud posted:IIRC that's a change in the rate of increase, not an actual decrease in prices. they're still up 12% YoY on a national level. The YoY numbers still include the spring buying frenzy, that is why I said "on the way down." That frenzy will leave the YoY dataset and the YoY number will go negative unless the prophecies of the pivot come true, then who knows. If you bought a house in, say, June 2022 in one of these markets, on average you have actually lost money. bawfuls posted:yeah we aren’t getting real price drops without significantly more supply. High rates make builders slow down since it’s more expensive to finance their work, making the supply issue worse. This only depends on your definition of "real price drops." I'm not saying -2 or 3% is good enough. I'll take -40%, please. But prices are down from the peak already.
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# ? Oct 26, 2022 15:58 |
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Prices will absolutely come off the peak for a while, but anything short of a large double-digit drop is essentially meaningless. There also need to be large and substantial drops outside of the hottest markets, because a lot of less attractive markets have been slowly and steadily climbing this entire time. It's not so much a question of it's "enough" or not, it's that a few percentage points down isn't really anything happening at all. That's basically just an indication that prices will shoot back up the moment rates become affordable again.
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# ? Oct 26, 2022 16:05 |
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Honestly, I think its a heads I win tails you lose situation for institutional investors, and the average home buyer is going to be screwed no matter what. If prices really do drop because of high interest rates, institutional investors with cash on hand and no need to finance will go on a buying spree. Individual buyers will never be able to win in terms of getting good deals.
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# ? Oct 26, 2022 16:05 |
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joepinetree posted:Honestly, I think its a heads I win tails you lose situation for institutional investors, Not really. At the end of the day there's only so much desirable real estate and once it's yours to rent out it's yours forever.
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# ? Oct 26, 2022 16:08 |
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A big part of the issue is that higher rates clobber affordability worse than high prices, so doubling rates and stalling price gains is actually a massive loss for the typical buyer. There's this idea that you can theoretically refi later, but you still have to be able to afford your current mortgage indefinitely since there's no guarantee that rates will drop soon.
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# ? Oct 26, 2022 16:09 |
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yeah theres a reason people sit on property until they loving die
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# ? Oct 26, 2022 16:09 |
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Pittsburgh Fentanyl Cloud posted:Not really. At the end of the day there's only so much desirable real estate and once it's yours to rent out it's yours forever. I am not sure of the point you are trying to make here. My point is that institutional investors will win in the competition for desirable real estate both in the "prices are going up because financing is cheap" and "prices are going down because financing is expensive." They buy to rent in one condition, and buy to hold and sell in the other.
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# ? Oct 26, 2022 16:18 |
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Paradoxish posted:Prices will absolutely come off the peak for a while, but anything short of a large double-digit drop is essentially meaningless. There also need to be large and substantial drops outside of the hottest markets, because a lot of less attractive markets have been slowly and steadily climbing this entire time. good thing the fed is intent on killing wage increases lol free market! no, not like that!
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# ? Oct 26, 2022 17:01 |
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You can get an affordable house in large parts of the country currently, but those opportunities are drying up quickly. I watched supply in the <100k bracket drop across huge swaths of the Midwest because investors are buying them up to rent.
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# ? Oct 26, 2022 18:01 |
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Absent regulation, institutional investors holding property will become the norm. All the things that work against the average home buyer (high transaction costs, lack of liquidity/finance to snap up undervalued properties, personal attachments/need a place to live preventing you from selling overpriced property, high degree of uncertainty to manage selling your current house and buy a new one) makes it an ideal market for institutional investors. And to the extent that individuals will still buy and sell property, I imagine that more and more of those "sell your house to us at a deep discount, but get cash now with no need to show or deal with buyers" business will emerge.
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# ? Oct 26, 2022 18:08 |
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joepinetree posted:Absent regulation, institutional investors holding property will become the norm. All the things that work against the average home buyer (high transaction costs, lack of liquidity/finance to snap up undervalued properties, personal attachments/need a place to live preventing you from selling overpriced property, high degree of uncertainty to manage selling your current house and buy a new one) makes it an ideal market for institutional investors. And to the extent that individuals will still buy and sell property, I imagine that more and more of those "sell your house to us at a deep discount, but get cash now with no need to show or deal with buyers" business will emerge. https://www.truehold.com/
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# ? Oct 26, 2022 18:51 |
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Thanks I feel like I'm covered in caterpillars
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# ? Oct 26, 2022 19:00 |
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They won't tell you how their business model works, you have to contact them through a form for an "information kit." Sounds like a very above-board organization.
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# ? Oct 26, 2022 19:03 |
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I did learn this year that reverse mortgages are a thing. But that looks different / worse
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# ? Oct 26, 2022 19:04 |
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my grandma is on her 3rd reverse mortgage.
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# ? Oct 26, 2022 19:16 |
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joepinetree posted:Absent regulation, institutional investors holding property will become the norm. All the things that work against the average home buyer (high transaction costs, lack of liquidity/finance to snap up undervalued properties, personal attachments/need a place to live preventing you from selling overpriced property, high degree of uncertainty to manage selling your current house and buy a new one) makes it an ideal market for institutional investors. And to the extent that individuals will still buy and sell property, I imagine that more and more of those "sell your house to us at a deep discount, but get cash now with no need to show or deal with buyers" business will emerge. dang beginning to think this whole capitalism thing ain’t good??
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# ? Oct 26, 2022 19:19 |
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quote:I finally called corporate and was told they don't do homes over 500k! I never read that nor was I told this at anytime during this proces quote:The process began with a valuation of our house. Granted our house is older, however they lopped 60k off the price based on the inspection. One of the issues cited was our four year old deck that was built by a licensed contractor and approved by a county inspector. We planned on doing the leaseback program so I asked if the rent could be made lower since the house value was lower. They said no because the work would go back into the house. So then we counter-offered. We needed **** more for the deal to work for us so that we could pay off our debts. They seemed agreeable to that, but the next thing we know they wanted is to sign an agreement to pay a years rent in advance. We were going to have to come to closing PAYING them 7k to buy our house.
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# ? Oct 26, 2022 19:21 |
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External Organs posted:I did learn this year that reverse mortgages are a thing. But that looks different / worse Yeah. wikipedia posted:Reverse mortgages allow older people to immediately access the home equity they have built up in their homes, and defer payment of the loan until they die, sell, or move out of the home. Because there are not required mortgage payments on a reverse mortgage, the interest is added to the loan balance each month. The rising loan balance can eventually grow to exceed the value of the home, particularly in times of declining home values or if the borrower continues to live in the home for many years. Whereas this is “sell your home to us and pay to rent it back.” So, a quick cash infusion to let you spend the last 2 years you have before you’re moved to an old folks home. Technically different than a loan designed to accrue enough interest to gobble up your whole estate when you die, probably preferable because the regulations are different.
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# ? Oct 26, 2022 20:06 |
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NOW THAT'S WHAT I CALL EVIL
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# ? Oct 26, 2022 21:47 |
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iCe-CuBe. posted:You can get an affordable house in large parts of the country currently, but those opportunities are drying up quickly. I watched supply in the <100k bracket drop across huge swaths of the Midwest because investors are buying them up to rent. large parts of the country that no one wants to live in because they are decaying
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# ? Oct 26, 2022 21:57 |
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My business plan is to buy old people's houses from them and still hold them financially responsible for property maintenance And I'll raise their rent 8% every year for five years, then I'll raise it to $WHATEVER_THE_FUCK_I_WANT Positive solutions to include: -cashing out grandchild's trust fund to avoid homelessness -dying
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# ? Oct 26, 2022 22:12 |
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# ? May 24, 2024 23:37 |
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joepinetree posted:Absent regulation, institutional investors holding property will become the norm. All the things that work against the average home buyer (high transaction costs, lack of liquidity/finance to snap up undervalued properties, personal attachments/need a place to live preventing you from selling overpriced property, high degree of uncertainty to manage selling your current house and buy a new one) makes it an ideal market for institutional investors. And to the extent that individuals will still buy and sell property, I imagine that more and more of those "sell your house to us at a deep discount, but get cash now with no need to show or deal with buyers" business will emerge. Can I buy an affordable home in Pittsburgh? Does anyone have any information about this?
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# ? Oct 26, 2022 22:13 |