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Willa Rogers posted:$345/sq ft, lol. yeah but if you look at the price history, it's just blackrock flipping bullshit the actual value by the city is 260K, which is what i expect it will actually sell for euphronius posted:how much is your retainer ?? why would you pay a retainer ? for legal questions? not sure I understand. this is not a large sum or anything, I think a few thousand. When we need legal advice, we ask our lawyer, she bills in 15 minute increments (lol). for last year, we budgeted 2k and spent 1k of that also we have entered into litigation previously. people thought they could rent out units, and our lawyer clarified they could not. it went to court and they got pwned actionjackson has issued a correction as of 20:54 on Jan 17, 2023 |
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Jan 17, 2023 20:49
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do houses generally cost less per sq ft as you get to huge houses like 10,000 sq ft? I guess there is less demand for them
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Jan 17, 2023 20:49
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actionjackson posted:never live in a condo if it's not recently built (generally that means they are not able to "catch up" with any more recently passed state legislation), and you aren't in a state that has really good association laws like I do Who spends $42,000 in maintenance for a home over a decade? You're kidding yourself here.
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Jan 17, 2023 20:54
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RandomBlue posted:Who spends $42,000 in maintenance for a home over a decade? You're kidding yourself here. this is not just maintenance, it's expenses relating to what I'll just call outside elements - roofs, siding, landscaping, etc. whether required or voluntary. I have a friend who just paid 80K just to install a patio so eh The best comparison I can make is to estimate the cost of replacing your roof, replacing asphalt, doing all your landscaping, doing any work you want on the exterior, for starters. This would also include things that aren't always necessary, but people do because they enjoy the improvements, want to increase home value, or both. actionjackson has issued a correction as of 21:01 on Jan 17, 2023 |
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Jan 17, 2023 20:57
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42k over ten years doesn’t sound outrageous for a house maintenance spending on where it is in its life cycle
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Jan 17, 2023 20:57
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RandomBlue posted:Who spends $42,000 in maintenance for a home over a decade? You're kidding yourself here. It's not too far off. I bet HOA fees generally cost more on average because you can't benefit from lucking out on the life cycle of things like your roof or HVAC system, but $4200/year in maintenance and repairs is going to be in the ballpark for any decently-sized house.
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Jan 17, 2023 21:01
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and again small houses are in VERY limited supply, and often they have plenty of other issues. i would also be open to a duplex, quadplex, etc. but there aren't many of those either. townhomes are too big, and are multilevel, which I don't want (when my previous greyhound got really old I was SO GLAD I did not have stairs). We even have a few things where I get a lower price then if I purchased it alone, because of bulk rates. I know the internet service that we added to our fees because it's a bulk service costs each resident about $32/month. The cost if you bought it as an individual was over $100. If you are someone that REALLY likes working on your home, and doing a lot of poo poo on your own, yes it will normally be less to live in a detached home (though again, those houses are larger, which means costs overall go up). But I have no interest in that. At the very least, I could imagine if I had a house, I would immediately nuke the yard and replace it with a low or no maintenance option (not cheap I'm sure). how much do things like roof replacement, asphalt replacement, any sort of foundation repair (if needed), etc. tend to cost? Paradoxish posted:It's not too far off. I bet HOA fees generally cost more on average because you can't benefit from lucking out on the life cycle of things like your roof or HVAC system, but $4200/year in maintenance and repairs is going to be in the ballpark for any decently-sized house. that's true since you have to pay into reserves, however it is true that with a detached home, one that has had HVAC or a roof recently replaced will sell for a bit more than one that hasn't. actionjackson has issued a correction as of 21:09 on Jan 17, 2023 |
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Jan 17, 2023 21:04
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Ornery and Hornery posted:condos seem to have a much less insane price change trend the shortage is detached SFH on a reasonable lots.
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Jan 17, 2023 21:14
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euphronius posted:do houses generally cost less per sq ft as you get to huge houses like 10,000 sq ft? yeah price per sf goes down as they get bigger. basically the line where that starts happening is above what the median buyer can afford.
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Jan 17, 2023 21:21
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Bar Ran Dun posted:the shortage is detached SFH on a reasonable lots. rowhouses go for more in the city here than detached SFH for some reason
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Jan 17, 2023 21:23
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detchaed homes for sale in minneapolis - 338 by square footage 4k+ 17 3500-4000 6 3000-3500 11 2500-3000 11 2000-2500 46 1500-2000 90 1000-1500 120 <1k 42 wow 42 (they are mostly post-ww2 houses that are falling apart)
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Jan 17, 2023 21:32
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basically 1500 is good for a family of four with a guest room for nana. it’s what everybody wants. but lol nobody makes it.
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Jan 17, 2023 21:35
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Same as the car industry, there's more money to be made selling one $100K luxo-barge to one guy than four $25K commuter cars to four guys so that's what they do. I wonder what the term for this is.
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Jan 17, 2023 21:36
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the exterior of this home is dope as hell, but I'm unclear how someone with <80% AMI (which for here would be <56K) is supposed to afford a 365K home https://www.zillow.com/homedetails/914-19th-Ave-NE-Minneapolis-MN-55418/101660688_zpid/
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Jan 17, 2023 21:52
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actionjackson posted:the exterior of this home is dope as hell, but I'm unclear how someone with <80% AMI (which for here would be <56K) is supposed to afford a 365K home no garage (in minneapolis lol) and no closets (wtf)..... weird....... maybe that's why it hasn't sold since being listed in september (with no price drops lol —— defiant!!)
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Jan 17, 2023 21:58
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Wraith of J.O.I. posted:no garage (in minneapolis lol) and no closets (wtf)..... weird....... maybe that's why it hasn't sold since being listed in september (with no price drops lol —— defiant!!) yes no garage was funny. I think the price might actually be fixed, given it's part of this government program.
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Jan 17, 2023 22:30
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actionjackson posted:detchaed homes for sale in minneapolis - 338 this is unfair, don't forget we also have an endless barrage of 1-1.5k square foot apartments in those ugly loving god awful death trap 5-over-1 called poo poo like "mirages" or "glenvista on pine" or whatever, with the low, low HOA fee of 1800-2400 dollars for the privilege of having the smelliest sub-motel quality gym facilities and trash service.
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Jan 17, 2023 23:01
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Corb Fucker posted:this is unfair, don't forget we also have an endless barrage of 1-1.5k square foot apartments in those ugly loving god awful death trap 5-over-1 called poo poo like "mirages" or "glenvista on pine" or whatever, with the low, low HOA fee of 1800-2400 dollars for the privilege of having the smelliest sub-motel quality gym facilities and trash service. by HOA fee did you mean rent? i actually love how those buildings look because i'm a modernist slut, but is there actually a safety issue with them?
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Jan 18, 2023 00:54
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Bar Ran Dun posted:basically 1500 is good for a family of four with a guest room for nana. it’s what everybody wants. but lol nobody makes it. yep. ours is 1500 and for a family of 3 with spare room for guests it works real well. but yeah, you have to move into an older house that has good upkeep to get in a place like that. new builds would be like a mansion to us. I’m so used to pre ww2 room sizes now
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Jan 18, 2023 01:00
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"I really want to live in a walkable neighborhood" /ends up in a 5 over one with a wells Fargo branch and pediatric dentist on the first floor and neither has designated parking
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Jan 18, 2023 01:00
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Spergin Morlock posted:"I really want to live in a walkable neighborhood" This sounds nice
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Jan 18, 2023 01:09
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Fitzy Fitz posted:This sounds nice I would prefer the two businesses be a sandwich shop and a coffee spot, but they always seem to be dentists and banks
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Jan 18, 2023 01:11
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euphronius posted:your realtor doesn’t work for you if you are a buyer I don't know if this is universal but every residential realtor I've encountered seems to have the same delusions about being self made entrepreneurs or something. As if they weren't selling a product that would have a buyer whether or not they existed at all. Just absolutely zero self awareness.
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Jan 18, 2023 01:26
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quote:PLEASE READ BEFORE REQUESTING TO SHOW. SELLERS WILL ONLY LIKE FOR PEOPLE TO VIEW THE PROPERTY THROUGH THE VIRTUAL MATTERPORT VIDEO. ONCE UNDER CONTRACT, THEN AN IN PERSON SHOWING CAN HAPPEN. THE SELLERS WOULD LIKE A POST OCCUPANCY FOR UP TO 16 MONTHS WHICH HE WILL GLADLY PAY A MONTHLY RATE FOR. Turn-Key immaculate 5 bedroom 3 1/2 bathroom, pool home. Renovated in and out. Fresh new coat of exterior paint, brand new impact windows, new open kitchen w/ granite countertops, new wood grain tile floors, and new SS appliances. It has a beautiful spiral staircase that shows like a piece of art that ascends to the 25 foot ceilings above. Huge master BR w/ a walk-in closet w/ 4 BR upstairs. Bathrooms have been upgraded. Stunning huge backyard for relaxing and entertaining. LOW HOA https://www.zillow.com/homedetails/1227-Creekside-Dr-Wellington-FL-33414/71096233_zpid/
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Jan 18, 2023 01:57
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actionjackson posted:this is not just maintenance, it's expenses relating to what I'll just call outside elements - roofs, siding, landscaping, etc. whether required or voluntary. I have a friend who just paid 80K just to install a patio so eh Installing a patio and home improvement is not maintenance, and those things aren't typically covered by the fees you're paying anyway. Paradoxish posted:It's not too far off. I bet HOA fees generally cost more on average because you can't benefit from lucking out on the life cycle of things like your roof or HVAC system, but $4200/year in maintenance and repairs is going to be in the ballpark for any decently-sized house. Roofing and HVAC prices vary according to the size of your home. Asphalt shingle replacement is $8-15k for average size houses around here and we replaced our AC system completely, except ducts, for ~$5k a few years ago. Neither of these things are things that happen every 10 years. Though around here roof replacement is usually due to accumulated hail damage, which is covered by home insurance, but for the sake of argument we'll say that's OOP. These prices are for an ~1800sq/ft home, pretty average sized.
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Jan 18, 2023 02:44
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Well yes I wasn't exactly serious about the patio being comparable. If you want to argue that you can spend less with a detached home - well sure, maybe. depends on the house, but also of course on your willingness to do a lot of things some people don't like doing. I think if I had my own home, knowing what I would want to do myself and pay for, that there would not be a substantial difference in cost. I also would point out that several things my fees cover are things you have to pay for anyway - insurance, water, sewer, gas. Also because houses tend to be so much larger on average, I could easily have higher expenses in that case. Perhaps if they built small houses on small lots I'd be more interested.
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Jan 18, 2023 03:19
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Willa Rogers posted:interior = wreck confirmed, from the one inside pic on the listing. This is far from a wreck this looks like something immediately livable.
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Jan 18, 2023 03:37
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War and Pieces posted:This is far from a wreck this looks like something immediately livable. I see ceiling (water?) damage & a wrecked floor. But the real tell is that this was the only interior photo.
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Jan 18, 2023 03:46
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Beautiful ceiling fixture, tho; I wonder if it's original.
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Jan 18, 2023 03:47
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condo seems good if you avoid any massive imminent expenses for like a new roof or whatever
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Jan 18, 2023 09:07
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Ornery and Hornery posted:condo seems good if you avoid any massive imminent expenses for like a new roof or whatever having to deal w the type of Hall monitor who would volunteer for a condo association often sucks also having to share ownership w the rest of the dipshits in your building can suck too. not always but you cant really tell if its a good or bad situation until 3-6 months in.
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Jan 18, 2023 11:54
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actionjackson posted:i actually love how those buildings look because i'm a modernist slut, but is there actually a safety issue with them? As long as the sprinkler system works, they're legally safe. Once neglect sets in all those cheap materials and engineered wood are going to make them fire traps. They also age really poorly. I've lived in several and after about 5 years they start to fill with mold.
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Jan 18, 2023 15:08
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Ornery and Hornery posted:condo seems good if you avoid any massive imminent expenses for like a new roof or whatever we actually are replacing all our roofs right now, but we have a wind/hail damage insurance claim, so it's actually a windfall for the association. All I will owe is my $500 deductible on my loss assessment. not bad for a roof but actually things like a roof are budgeted decades ahead. it's not like one day everyone has to pay a huge amount to replace the roof. that is why you have something called a reserve study. BIG-DICK-BUTT-gently caress posted:having to deal w the type of Hall monitor who would volunteer for a condo association often sucks oh like me? haha. i think there are some upsides though, mainly because i'm one of only five people that has any power. It's also nice to know how everything actually works. what happens if you live in a detached home and you have lovely neighbors? you've never heard the phrase "neighbor from hell" before? you can't do poo poo. but if you are in an HOA board, often you can. Just imagine you are in your detached home of freedom, and your neighbor decides to make a ton of noise at an ungodly hour, or run a gas leaf blower, or have terrible, blinding lighting. you are out of luck. but here i was involved in getting proper lighting, and in having our landscape company switch to electric leaf blowers, as examples. also sure you can have bad neighbors. but i also have some really great neighbors who i've had valuable relationships with. it has also been really nice to have other people around since covid started and I was 100% WFH. actionjackson has issued a correction as of 18:54 on Jan 18, 2023 |
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Jan 18, 2023 18:45
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take a look at this absolute galaxy brain actually believing that houses prices are going to magically come down again also does he not realize that in many cases, rents are higher than mortgage payments https://www.startribune.com/singletary-five-reasons-why-you-shouldnt-buy-a-house-right-now/600212319/ (paywall) quote:Singletary: Five reasons why you shouldn't buy a house right now
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Jan 18, 2023 18:58
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Patiently working my way to prosperity as my pay goes up 2% every year and my expenses go up 18%
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Jan 18, 2023 19:15
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actionjackson posted:take a look at this absolute galaxy brain literally every house in the country has appreciated since.
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Jan 18, 2023 20:20
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BIG-DICK-BUTT-gently caress posted:having to deal w the type of Hall monitor who would volunteer for a condo association often sucks yeah. I’m just trying to convince myself it will be okay, because j won’t be able to afford anything other than a condo 
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Jan 18, 2023 20:21
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Bar Ran Dun posted:basically 1500 is good for a family of four with a guest room for nana. it’s what everybody wants. but lol nobody makes it. yeah that’s what they built in the 60s and 70s and a bit into the 80s when it changed over to whatever this garbage is
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Jan 18, 2023 20:22
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i am harry posted:literally every house in the country has appreciated since. The smart money shows in 2009 were encouraging people who owed more on their homes than they were worth to leave their keys on the counter and walk away! The companies that bought those properties were the biggest winners from the great recession. fucks sake If you lived through that poo poo and saw how the "news" media that people trusted hung them out to dry, the narrative now can be a little shocking https://www.kpbs.org/news/2022/01/24/independent-lens-owned-a-tale-of-two-americas Watch the first ten minutes of this documentary if you can, there's a realtor driving around empty developments in California in 2009 lamenting that he couldn't sell anything and the loving prices were like "low 240s"
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Jan 18, 2023 20:25
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My union (local gov't) just announced our new three year contract. January cost of living increases: 2023 - 3% 2024 -2.75% 2025 -2.25% I know people who work in gov't in other parts of the US, and they got 8% COLA (not including any merit increase) this year and probably for the foreseeable future too. Someone in suburban King County told me two out of their four health care plan options cost $0/month for a single or couple. Also, our contribution to medical insurance went up 20%. 
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Jan 18, 2023 20:27
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