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*extremely lib-ishly* yeah it’s high compared to recent rates, but compared to historic rates, 7.25% is quite low!!!
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Nov 3, 2022 17:25
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The year is 2025, and the house I bought with American Express is the talk of the town
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Nov 3, 2022 17:34
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Ornery and Hornery posted:*extremely lib-ishly* yeah it’s high compared to recent rates, but compared to historic rates, 7.25% is quite low!!! It's the most affordable housing in history when you consider that financial products that turn you into a feudal serf operating an AirBnB didn't exist two years ago
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Nov 3, 2022 17:55
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Bar Ran Dun posted:“updated “ is a basically like checklist they run through for currently in trim and finishes to match what folks see on the tv. For all the talk of wooden colored stuff being “out”, the first thing people comment on when they enter our house is how nice our heart pine floors look. I’m glad the last owner wasn’t stupid enough to paint over it or slap a cheap white carpet on it.
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Nov 3, 2022 21:22
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i love stuff like this https://www.startribune.com/aia-home-of-the-month-white-oaks-savanna-eye-land-modern-farmhouse-grant-stillwater/600221917/ "we wanted to keep it affordable" zillow tells me that house sold for 1.65M if they are in the early 30s, at least one of them must be in finance or some other parasitic poo poo
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Nov 5, 2022 21:33
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This mountain bike content creator I follow posted a video about how its soooooo hard to be a landlord because your airbnb tenants put loose trash into the trash can and it reminded me that all landlords are scum. https://www.youtube.com/watch?v=5csRl6KHIGw
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Nov 7, 2022 03:10
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Salt Fish posted:This mountain bike content creator I follow posted a video about how its soooooo hard to be a landlord because your airbnb tenants put loose trash into the trash can and it reminded me that all landlords are scum. There's like drat near 100% overlap between "content creators" and small-time landlord scum. They all fall for the same scams that convince them to dump their money into rental properties. The only upside is that a lot of these people are still poor enough that they'll be the ones going under the bus even without a full-scale crash.
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Nov 7, 2022 05:54
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Paradoxish posted:There's like drat near 100% overlap between "content creators" and small-time landlord scum. They all fall for the same scams that convince them to dump their money into rental properties. The only upside is that a lot of these people are still poor enough that they'll be the ones going under the bus even without a full-scale crash. or being a landlord affords them the necessary free time to make and post videos of their hobbies all day
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Nov 7, 2022 06:25
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Ammanas posted:or being a landlord affords them the necessary free time to make and post videos of their hobbies all day yeah it's this
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Nov 7, 2022 06:26
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Paradoxish posted:There's like drat near 100% overlap between "content creators" and small-time landlord scum. They all fall for the same scams that convince them to dump their money into rental properties. The only upside is that a lot of these people are still poor enough that they'll be the ones going under the bus even without a full-scale crash.
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Nov 7, 2022 06:32
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Xaris posted:arguably not just small-time landlord scum but also born into wealthy upper-class landed gentry. although the venn diagram between the two is massively overlapping Yeah, they nearly all come from some kind of upper-class background or really lucked into some money beforehand. There are exceptions to every rule, but I can say with a very high degree of confidence that your average influencer isn't a landlord turned YouTube star and that the trajectory for most of them goes in the other direction. Investing in "passive" income sources has been all the rage for this particular set for a really long time now and it's basically the first thing a lot of them do when they achieve any amount of success at all.
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Nov 7, 2022 06:36
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Housing update: My $4,000 house has cost me much more than $4,000 and is still completely unlivable
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Nov 13, 2022 18:08
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Friendly Tenant is a red flag.
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Nov 13, 2022 18:09
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Paradoxish posted:There's like drat near 100% overlap between "content creators" and small-time landlord scum. They all fall for the same scams that convince them to dump their money into rental properties. The only upside is that a lot of these people are still poor enough that they'll be the ones going under the bus even without a full-scale crash. How is buying a rental property a scam? Seems like a pretty good deal if this guy is just sitting around making youtube videos all day lol. drat wish I could do that !!
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Nov 13, 2022 20:56
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iCe-CuBe. posted:How is buying a rental property a scam? Seems like a pretty good deal if this guy is just sitting around making youtube videos all day lol. drat wish I could do that !! you end up burdened with some tenants who will bleed you dry.
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Nov 13, 2022 21:04
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iCe-CuBe. posted:How is buying a rental property a scam? Seems like a pretty good deal if this guy is just sitting around making youtube videos all day lol. drat wish I could do that !! Sour grapes 
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Nov 14, 2022 12:44
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Scam, much like grift, always just means "job i don't like" online
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Nov 14, 2022 15:22
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owning property isn’t a job, op
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Nov 14, 2022 15:30
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Ornery and Hornery posted:owning property isn’t a job, op
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Nov 14, 2022 15:36
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Ornery and Hornery posted:owning property isn’t a job, op
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Nov 14, 2022 15:42
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projecthalaxy posted:Scam, much like grift, always just means "job i don't like" online funniest post on the forums
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Nov 14, 2022 15:44
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scams aren't real!
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Nov 15, 2022 00:44
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I thought house prices were supposed to start dropping due to interest rates, any minute now https://www.realtor.com/realestateandhomes-detail/1531-Westfield-St_Pittsburgh_PA_15216_M35753-59897 
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Nov 16, 2022 15:27
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They have dropped -- the house across the street from me went down $5k! (they did an open house the other day and no one showed up)
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Nov 16, 2022 15:37
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Pittsburgh Fentanyl Cloud posted:I thought house prices were supposed to start dropping due to interest rates, any minute now Housing is basically illiquid as far as I can tell. I keep seeing that no buyers are showing up. Maybe that means only institutional buyers are buying things, but you have to include time on market with price plots.
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Nov 16, 2022 15:52
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Stuff is still going contingent/pending at the usual rates in my zip code for this time of year. One just went contingent at $536k, hope that guy budgeted for the new interest rates.
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Nov 16, 2022 15:58
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In my zip things are sitting for a little longer than they used to but there are only a half dozen properties on the market at any given time so the sellers can just wait for this to happen.
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Nov 16, 2022 16:12
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I think I overplayed my hand on that comment. Housing in SF is down 3.4% since last year and sitting on the market nearly 2x longer this year as compared to last, but these last two years have been so wild. https://www.redfin.com/city/17151/CA/San-Francisco/housing-market The Fed says the country wide market is slowing down, but the seasonal change is happening at the same time. I suppose we’ll have to wait to see if it comes down again in the spring. https://fred.stlouisfed.org/series/MEDDAYONMARUS
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Nov 16, 2022 17:34
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Fitzy Fitz posted:They have dropped -- the house across the street from me went down $5k! yeah, at a glance a bunch of listings in my neighborhood are slowly dropping $1-$5k every few weeks, but that’s a rounding error compared to an extra $600k in interest over the life of a mortgage
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Nov 16, 2022 18:02
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Pittsburgh Fentanyl Cloud posted:This place here This house is pending at $209k now, damage and all.
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Nov 16, 2022 19:32
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Pittsburgh Fentanyl Cloud posted:Stuff is still going contingent/pending at the usual rates in my zip code for this time of year. One just went contingent at $536k, hope that guy budgeted for the new interest rates. They definitely aren't budgeting for the huge tax increase they're going to get when the school district appeals. I know several people that got like $400-$500 tacked onto their escrow due to appeals.
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Nov 16, 2022 19:36
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This is the slow season anyway for the market, at least traditionally. I wonder what things will look like in May/June next year.
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Nov 16, 2022 19:48
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Pittsburgh Fentanyl Cloud posted:This house is pending at $209k now, damage and all. Almost $15k off of the original ask, I wonder how much poo poo the flipper is eating. We discussed the power cords running into the wall, and I'm pretty sure it's a really amateur installation job for the dumb ring/blink camera system.
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Nov 17, 2022 15:58
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This flip just showed up https://www.realtor.com/realestateandhomes-detail/1531-Westfield-St_Pittsburgh_PA_15216_M35753-59897 Check the street view for a hoot
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Nov 17, 2022 16:09
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Pittsburgh Fentanyl Cloud posted:This flip just showed up Is... is that tiny twin bed intended to make that room look huge or something? It looks loving ridiculous.
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Nov 17, 2022 16:11
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Yep. That house is less than 100 yards from mine and is built off the same blueprints which had minor variances for bay windows, left or right door, etc. The rooms are all 10x12 or 12x14. e: The picture in question looks like they knocked a wall out and turned two of the bedrooms into one at some point Pittsburgh Fentanyl Cloud has issued a correction as of 16:34 on Nov 17, 2022 |
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Nov 17, 2022 16:13
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The brick can't hurt you if you paint over it
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Nov 17, 2022 16:25
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Pittsburgh Fentanyl Cloud posted:This flip just showed up the flip on my street is so much like this. all the wood and brick is black. everything else is white.
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Nov 17, 2022 16:31
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painting that stuff black makes it harder to see imperfections in the pictures.
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Nov 17, 2022 16:34
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Saw some article about a company 3d printing an entire neighborhood in Houston? I think it was. They're taking reservations for sales in 2023/2024, starting price: $400,000 wtf is the point of 3d printed homes when an 800 sq ft shitbox costs a fortune (real answer: the cost savings are passed onto the construction company, not the buyer)
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Nov 17, 2022 16:43
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