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i say swears online posted:recent price cut! At least it's still possible to buy cheap housing stock in the middle of an ecological disaster zone. Think of the passive income opportunities! Edit: Love the 25-year-old hot water tank.
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Feb 27, 2023 23:58
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https://twitter.com/BusinessInsider/status/1630345147652141056?s=20
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Feb 28, 2023 00:14
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False
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Feb 28, 2023 00:31
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That would be pretty shocking tho
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Feb 28, 2023 00:32
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 that whole article is complete bullshit. RadiRoot has issued a correction as of 00:43 on Feb 28, 2023 |
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Feb 28, 2023 00:35
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oh nice the rental unit supply is growing by 15 percent! oh wait what are the new unit rates starting at? newly built apartments near me start at $1800 a month. median income in the county is $34000. RadiRoot has issued a correction as of 01:06 on Feb 28, 2023 |
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Feb 28, 2023 01:03
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Kreeblah posted:At least it's still possible to buy cheap housing stock in the middle of an ecological disaster zone. Think of the passive income opportunities! To be fair, a new hot water tank is like $800. Shame about everything else though
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Feb 28, 2023 01:15
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Radirot posted:oh nice the rental unit supply is growing by 15 percent! oh wait what are the new unit rates starting at? where I live, they are building "luxury" apartments like crazy. it's a company town and the company pays very well (world's best hospital). the people that work there say if it wasn't for these new apartments, they would be driving up the prices in the poorer side of town. but they also say that the increased supply in rental units will drive down the average rent. still waiting on that magic moment to happen lol.
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Feb 28, 2023 04:16
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WaryWarren posted:where I live, they are building "luxury" apartments like crazy. it's a company town and the company pays very well (world's best hospital). the people that work there say if it wasn't for these new apartments, they would be driving up the prices in the poorer side of town. but they also say that the increased supply in rental units will drive down the average rent. still waiting on that magic moment to happen lol. i assume this is rochester (mn)
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Feb 28, 2023 04:44
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I find it fascinating how many people think that new construction will for some reason be less expensive than existing stock (holding other variables like square feet constant).
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Feb 28, 2023 09:33
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quote:"A lot of people talk about, 'Well, rents have hit a ceiling. There's only so much people are willing to pay,'" said Jon Leckie, a researcher for Rent, a platform that helps landlords market their properties. "The way I look at it is we've set a new floor." 
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Feb 28, 2023 10:15
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Rent will never go down. "Willingness to pay," like it's a cheeseburger or a movie ticket.
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Feb 28, 2023 13:42
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Ornery and Hornery posted:I find it fascinating how many people think that new construction will for some reason be less expensive than existing stock (holding other variables like square feet constant). If Blackrock can get $4K+ a month for lovely apartments built immediately after WW2 and long since amortized, why would they ever charge less for new construction? lol
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Feb 28, 2023 14:56
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won't hochul think of this house and its owners! https://twitter.com/RezaC1/status/1630575800859721728
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Feb 28, 2023 19:17
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actionjackson posted:i assume this is rochester (mn) 
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Feb 28, 2023 19:27
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Wraith of J.O.I. posted:won't hochul think of this house and its owners! Not sure what response they expect but this is the only one they deserve: 
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Feb 28, 2023 20:09
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"I bought an expensive house and thus I get to tell other people where they can live"
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Feb 28, 2023 20:14
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Ideally they'd knock down the Catholic school right behind it to put in the apartments and then adjust the property taxes back up to the $45k they should be paying. https://www.zillow.com/homedetails/72-Circle-Ln-Roslyn-Heights-NY-11577/31088541_zpid/
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Feb 28, 2023 20:21
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Wraith of J.O.I. posted:won't hochul think of this house and its owners! I am outraged. Outraged that this kind of SFH was allowed so close to a train station.
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Feb 28, 2023 21:01
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Joementum posted:Ideally they'd knock down the Catholic school right behind it to put in the apartments and then adjust the property taxes back up to the $45k they should be paying. Just use eminent domain to seize their house, and do the same thing to any NIMBY who objects to denser housing. Suddenly they're not local voters any more and there's another parcel to turn into a park or combine with other parcels for more dense housing or something.
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Feb 28, 2023 21:02
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Wraith of J.O.I. posted:won't hochul think of this house and its owners! The Situation looking mf 
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Feb 28, 2023 21:04
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Pittsburgh Fentanyl Cloud posted:"I bought an expensive house and thus I get to tell other people where they can live" All investments are subject to risk, bitch. Not sure why landlords and people who buy homes as investments think they are immune to this but it feels very good to remind them of that fact.
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Feb 28, 2023 21:36
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CongoJack posted:All investments are subject to risk, bitch. Not sure why landlords and people who buy homes as investments think they are immune to this but it feels very good to remind them of that fact. Because investments are actually risk-free if you're rich.
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Feb 28, 2023 22:22
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Paradoxish posted:Because investments are actually risk-free if you're rich. lol if I hear someone complain then they aren’t capital R rich enough and thus can eat poo poo.
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Feb 28, 2023 22:52
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Went to see this place today. The most boring anodyne split level imaginable https://www.realtor.com/realestateandhomes-detail/M3546070395 $335K  ahahahahhahhaah
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Mar 1, 2023 03:15
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Every time you post one of these houses I'm amazed at how cheap housing was in Pittsburgh a decade ago.
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Mar 1, 2023 04:00
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nice house but the yard isn’t so great
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Mar 1, 2023 04:03
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euphronius posted:nice house but the yard isn’t so great The house sucks and the yard is falling down the hillside btw Dan Onorato used to own that house lol
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Mar 1, 2023 04:19
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Paradoxish posted:Every time you post one of these houses I'm amazed at how cheap housing was in Pittsburgh a decade ago. It wasn't cheap, it was what housing should cost. A century old 1400 square foot house should cost what a normal working family can pay.
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Mar 1, 2023 04:20
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Pittsburgh Fentanyl Cloud posted:It wasn't cheap, it was what housing should cost. A century old 1400 square foot house should cost what a normal working family can pay. I'm not disagreeing with you, but that same house would been going for easily 250-300k around here in the 2010s
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Mar 1, 2023 04:25
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Paradoxish posted:I'm not disagreeing with you, but that same house would been going for easily 250-300k around here in the 2010s My house was $120K in 2015. I don't think I'd have even gotten a bid on it, in today's environment.
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Mar 1, 2023 04:26
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https://www.mercurynews.com/2023/02/26/lawsuits-town-halls-and-a-hunger-strike-landlords-push-to-end-eviction-moratorium/quote:Jingyu Wu, an owner of a triplex in San Leandro, planned to go on a hunger strike Sunday morning outside the Alameda County Administration Building in Oakland to protest the eviction restrictions, which he said have left him teetering on the edge of bankruptcy.
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Mar 1, 2023 18:58
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https://sfstandard.com/housing-development/bay-area-landlord-goes-on-hunger-strike-over-eviction-ban/quote:An Alameda County landlord began a hunger strike on Sunday to protest an ongoing eviction ban that he says has pushed him to the brink of bankruptcy. owned, this guy should get a job
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Mar 1, 2023 19:01
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I hope he starves to death.
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Mar 1, 2023 19:01
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AnimeIsTrash posted:https://sfstandard.com/housing-development/bay-area-landlord-goes-on-hunger-strike-over-eviction-ban/ keep it up, guy!! you can do it!! you're like motherfuckin Gandhi!
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Mar 1, 2023 19:07
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A bog-standard split-level, the most boring form of standalone housing imaginable   lol
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Mar 1, 2023 19:13
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Inadvertently betraying that he has no actual work to do all day
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Mar 1, 2023 19:13
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Pittsburgh Fentanyl Cloud posted:A bog-standard split-level, the most boring form of standalone housing imaginable AFFORDABLE
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Mar 1, 2023 19:13
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The back yard is subsiding down the hillside but they hid that in the pictures
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Mar 1, 2023 19:15
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serious deja vu on this page
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Mar 1, 2023 19:51
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