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Al! posted:i used to live in a brownstone next to a hole where the other brownstones had been demolished and they had to bolt it upright with steel girders. i think they ended up removing the girders when they filled the hole with gentrification but id moved out years after tgat Better yet the city housing authority could not do jack poo poo to preserve the remaining row house, so the now exposed interior brick crumbles. Tear down that crumbling home and repeat until the block is empty.
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Feb 23, 2023 02:40
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tori buy the crumbling brownstone
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Feb 23, 2023 02:43
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Pittsburgh Fentanyl Cloud posted:a realtor I talked to yesterday said that there are properties sitting on the market for hundreds of days around here without moving the price an inch, with zero consideration for high rates. People and investors just sitting on poo poo forever because I guess they can eat the expense. idk There are never enough people who need to sell. People keep insisting that the market can't lock up because there are always people who have to move but, like, poo poo needs to be real loving dire to sell at a loss and double your APR to get into a new home. You aren't taking a job offer that pays 10% more or whatever if that's the cost, so you'll just stick with your lovely job instead. Hell, I know a divorced couple who lived together for four years because selling was too expensive and that was long before everything went completely off the rails. The worse this environment gets, the more sellers are going to dig in, because the alternative in a lot of cases means either getting thrown off the property ladder or at least getting knocked down a few more rungs.
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Feb 23, 2023 03:19
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Pittsburgh Fentanyl Cloud posted:I called my bank to get preapproved for that house in case we look at it and like it and they approved me for way way way more than HUD says I can afford and offered a bridge loan for downpayments SideEffectShit has issued a correction as of 03:28 on Feb 23, 2023 |
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Feb 23, 2023 03:25
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House flippers might be the exception in terms of needing to sell now now now, but a ton of hard money loans ending in foreclosures still won't put those homes back on the market at low costs and will move a lot of properties to investors who can afford to sit on them indefinitely
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Feb 23, 2023 03:28
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Pittsburgh Fentanyl Cloud posted:a realtor I talked to yesterday said that there are properties sitting on the market for hundreds of days around here without moving the price an inch, with zero consideration for high rates. People and investors just sitting on poo poo forever because I guess they can eat the expense. idk unexplainable. its as if they are missing Lack
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Feb 23, 2023 03:30
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not to mention it can still cost more to rent which is really really hosed up. meaning even if they bought recently they can hand it over to a property manager and generate a revenue stream instead of selling.
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Feb 23, 2023 03:32
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2009: people watching their life's work evaporate 
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Feb 23, 2023 03:34
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Ammanas posted:California just announced a $900 million aid grant to 'tackle' homelessness by, among other things, buying overpriced lovely tiny homes. how much would it cost to nationalize housing in california? 1 trillion? wells fargo has over 2 trillion in assets alone!
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Feb 23, 2023 03:40
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the luxury of lifelong nearly free perfect-storage for nearly forever
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Feb 23, 2023 03:45
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Bar Ran Dun posted:not to mention it can still cost more to rent which is really really hosed up. right now it costs more to rent a house than it does to own a home bought two years ago AND finance a new car
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Feb 23, 2023 04:04
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the apartment we were renting ( 2/2 1100 sf) while trying to buy a house after selling our condo has fluctuated up and down between 2700 a month to 4000 twice in the last year and a half. it’s up near 4000 again but with more than two months free at the start. The algorithm is a real son of a bitch. it’s amazing that renting is still worse.
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Feb 23, 2023 04:11
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renting is much worse than owning
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Feb 23, 2023 04:18
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SideEffectShit posted:renting is much worse than owning Hey can I borrow a million dollars? I probably can't pay you back but I'll my best basically.
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Feb 23, 2023 04:20
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California AB 2053 This bill would enact the Social Housing Act and would create the California Housing Authority, as an independent state body, the mission of which would be to produce and acquire social housing developments for the purpose of eliminating the gap between housing production and regional housing needs assessment targets, as specified. The bill would prescribe a definition of social housing that would describe, in addition to housing owned by the authority, housing owned by other entities, as specified, provided that all social housing developed by the authority would be owned by the authority. opposed by... wait this can't be true... something called "Housing Is A Human Right"
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Feb 23, 2023 16:19
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the idea that the supply of houses is at all responsible for this mess is a nice indicator that you can disregard whatever else a person's thoughts are two houses on my block in a village of 2000 people are full time airbnbs two others are second homes idk what else to fuckkin tell people, commodity housing is fundamentally unsustainable
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Feb 23, 2023 20:38
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renting is great ive left a litany of destroyed apartments in my wake
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Feb 23, 2023 20:40
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I live in a 1.4 square mile neighborhood, not particularly popular or close to anything that is. There are 49 airbnbs in my neighborhood.
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Feb 23, 2023 20:40
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soon, all will be made new
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Feb 24, 2023 05:00
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Pittsburgh Fentanyl Cloud posted:I live in a 1.4 square mile neighborhood, not particularly popular or close to anything that is. There are 49 airbnbs in my neighborhood. One person in my town owns 79 air bnbs
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Feb 24, 2023 05:07
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Gunshow Poophole posted:the idea that the supply of houses is at all responsible for this mess is a nice indicator that you can disregard whatever else a person's thoughts are i think the supply has something to do with it yes especially when it's restricted to only ever building single family homes and no density anywhere is ever allowed as infill
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Feb 24, 2023 05:08
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man i bet the wrong person could really gently caress up an airbnb property in a way in which nobody would even notice for months until a septic tank starts backing up condoms into the driveway
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Feb 24, 2023 05:09
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i am harry posted:One person in my town owns 79 air bnbs I hope they used ARM loans on all of them and are bankrupted as rates go up
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Feb 24, 2023 05:12
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dropping a 2000 flushes in my airbnb's hot water tank
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Feb 24, 2023 05:13
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Spergin Morlock posted:I hope they used ARM loans on all of them and are bankrupted as rates go up oh man thats way too kind i hope more heinous poo poo for that dude subconsciously without even registering a thought...but when i devote my full conscious mind to his suffering...
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Feb 24, 2023 06:11
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The last place i rented started out great. It had an amazing rooftop pool, and rent was reasonable. Then a new investor bought the place and started listing vacant units on airbnb. Even worse, they pretty much advertised it as "come throw your pool party here." Suddenly on weekends there would be groups of 40 people on the pool with speakers. At one point a fight between party goers led to a shooting. Most long term residents left or were in the process of leaving. But rent for a 2 bedroom was like 1800 and rates for 1 bedroom places on airbnb was like 250. From their perspective residents leaving was actually profitable.
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Feb 24, 2023 13:54
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joepinetree posted:The last place i rented started out great. It had an amazing rooftop pool, and rent was reasonable. Then a new investor bought the place and started listing vacant units on airbnb. Even worse, they pretty much advertised it as "come throw your pool party here." Suddenly on weekends there would be groups of 40 people on the pool with speakers. At one point a fight between party goers led to a shooting. Most long term residents left or were in the process of leaving. But rent for a 2 bedroom was like 1800 and rates for 1 bedroom places on airbnb was like 250. From their perspective residents leaving was actually profitable. My old landlord in Philly did something similar. My previously quiet 4-unit building suddenly had two airbnb units which were used for huge all-night parties every weekend. After we left, the building became all airbnb's and the parties were starting to drive homeowners on the block away.
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Feb 24, 2023 14:03
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Something similar here happened on the north side here, airbnb party house turned into the scene of a mass shooting because one guy accidentally discharged his gun into the ceiling and every good-guy-with-a-gun there pulled theirs out too and started blasting.
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Feb 24, 2023 14:42
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He's a real shitbag. Two doors down from my building was an old lady who had lived her entire adult life on the block and resisted selling out to this guy, so he bought the vacant rowhouse next to hers, sloppily tore it down to damage her house, and left the interior walls exposed to deteriorate.
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Feb 24, 2023 14:52
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I've only seen the most tepid regulations put on short-term rentals too. It's a massive problem, but it makes powerful people a lot of money, so what can we do
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Feb 24, 2023 16:14
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Since I contacted my bank for a pre-approval letter on Wednesday I've been getting loving demolished by lender calls, one or two an hour during the day, what the gently caress
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Feb 24, 2023 16:44
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In the dark future of America, ALL rentals are short term rentals. Your lease is week by week, $500/wk to be paid every Monday
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Feb 24, 2023 16:46
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i am harry posted:right now it costs more to rent a house than it does to own a home bought two years ago AND finance a new car lol the younger you are the less a chance of future home/work stability, unless you are lucky/get it through inheritance/nepotism/marry up/etc.
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Feb 24, 2023 16:56
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 coming soon to a flip listing near you
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Feb 24, 2023 17:05
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Justin Tyme posted:In the dark future of America, ALL rentals are short term rentals. Your lease is week by week, $500/wk to be paid every Monday i'm pretty sure this is actually how rent is or was done in the UK?
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Feb 24, 2023 17:08
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Crusty Nutsack posted:
no no!!!!!!
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Feb 24, 2023 17:11
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Pittsburgh Fentanyl Cloud posted:i'm pretty sure this is actually how rent is or was done in the UK? Surely they still sign yearlong leases though? There was a time in my life where a month-to-month lease that wasn't way more expensive per month than a year lease would have been nice (working only a few months in a different state) but I'd probably say turning everyone's renting situation into a rolling airbnb would probably be worse. The short-term rental situation for folks who actually need short-term rentals is pretty dire, I lived out of a hotel for 2 months which sucked and was way more expensive than it ought to have been (still cheaper than every other option though).
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Feb 24, 2023 17:12
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Justin Tyme posted:Surely they still sign yearlong leases though? https://news.yahoo.com/average-rent-london-extreme-553-per-week-092213427.html not sure about the yearly lease thing, but back in the day if you rented you had a coin-operated power meter. It'd run up to whatever you put in, like a laundromat dryer. If you wanted more power you had to go outside and plunk some cash in. What a hosed up country.
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Feb 24, 2023 17:16
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Pittsburgh Fentanyl Cloud posted:https://news.yahoo.com/average-rent-london-extreme-553-per-week-092213427.html that sounds like something you'd do living in a blade runner pod apartment
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Feb 24, 2023 17:17
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https://www.youtube.com/watch?v=dhm1gOq0G9k
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Feb 24, 2023 17:18
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