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actionjackson posted:if you are talking about detached home HOAs, then yes those are bullshit yeah this one
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Apr 6, 2023 02:18
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Pittsburgh Fentanyl Cloud posted:I was a millennial until 2012 you’re still one, I’m one at 40, our age is usually regarded as the oldest part of the cohort.
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Apr 6, 2023 02:18
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https://twitter.com/Villages_News/status/1643754143570427904?s=20
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Apr 6, 2023 02:19
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Starter homes just plain don't exist anymore. Just because it's the cheapest thing doesn't make it a starter home. https://www.nytimes.com/2022/09/25/upshot/starter-home-prices.html quote:Or take the early 1900s bungalows in the Greater Heights area of Houston. Many were cheap rental housing in the 1990s, with chain-link fences and dismal carpeting.
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Apr 6, 2023 02:29
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Twerk from Home posted:
lol
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Apr 6, 2023 03:06
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they're just admitting it
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Apr 6, 2023 03:06
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this isn’t a country its a strip mall being looted
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Apr 6, 2023 04:30
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can I have some of the loot?
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Apr 6, 2023 05:08
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no youre poor theyll shoot you for trying to loot anything
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Apr 6, 2023 05:39
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indigi posted:why are HOAs legal. I mean besides racism I figure it's because it also reinforces authoritarianism by giving the shittiest people the tiniest amount of legal authority.
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Apr 6, 2023 05:43
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Twerk from Home posted:Starter homes just plain don't exist anymore. Just because it's the cheapest thing doesn't make it a starter home. The amount of flips I see are crazy. Do minor cosmetic work only and watch desperate people instantly bid when the house has serious internal issues.
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Apr 6, 2023 05:44
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actionjackson posted:i said i understand the urge to have someone else prepare your food, and you made a comment about doordash. but nothing i said implied using doordash i was responding to a conversation about doordash
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Apr 6, 2023 05:47
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When the poor do it it's looting [Picture of shift worker taking a leftover donut] When the rich do it it's surviving [Picture of legislators passing bank bailout]
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Apr 6, 2023 13:40
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lol. why didn’t we think of the consequences of constructing all these homes? nooooo
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Apr 6, 2023 14:34
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The Villages is where the people too broke to retire to Fort Lauderdale go
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Apr 6, 2023 14:45
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Fitzy Fitz posted:When the poor do it it's looting when the rich do it its just good business 
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Apr 6, 2023 16:05
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Turns out the seller's agent was lying through his teeth about getting an offer of nearly twice the asking price ($299k). 
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Apr 6, 2023 18:16
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Another REALTOR(tm) success story
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Apr 6, 2023 18:23
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actionjackson posted:what's the alternative to manage common property elements I was on the board of a condo HOA for like 5 years and its corruption all the way through $400+ payments just so it can sit in the bank and make the bank/insurance company happy
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Apr 6, 2023 18:35
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https://www.wptv.com/money/real-estate-news/federal-housing-administration-greenlights-40-year-mortgages This week the Federal Housing Administration gave the OK to 40-year mortgages. It's a move designed to try and make it easier for first-time home buyers. "If it helps people get into a house, it's a good thing," Sonsire Gonzalez, a real estate agent in Port St Lucie, said. good thing you quoted someone who has a vested interest in keeping prices unaffordable the united states government has completely abandoned the working class
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Apr 6, 2023 18:37
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next up, congress is debating whether your children can inherit your debt is this a good thing or a really good thing?
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Apr 6, 2023 18:50
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Bankrate.com recently compared 30- and 40-year mortgages and found on a $312,000 loan at 6.85% interest, the monthly payments were $2,044 for 30 years and $1,904 for 40 years. The extra 10 years also added more interest, close to $170,000 more, but in the short term, experts said it can make a difference, especially since many homeowners hardly stay in one house for 30 or 40 years
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Apr 6, 2023 19:09
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one hundred and forty dollars per month savings lol
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Apr 6, 2023 19:11
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indigi posted:one hundred and forty dollars per month savings lol instead of 40 year mortgages you could just get rid of PMI , but that doesn't make the banks more money
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Apr 6, 2023 19:14
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mastershakeman posted:Bankrate.com recently compared 30- and 40-year mortgages and found on a $312,000 loan at 6.85% interest, the monthly payments were $2,044 for 30 years and $1,904 for 40 years. lmao just being completely open about the goal being to make it so you're just paying interest and never actually building any equity in the home. Might as well just rent at that point because you're taking on all the negatives and risks of home ownership without any of the positives. .
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Apr 6, 2023 19:49
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Ice Phisherman posted:next up, congress is debating whether your children can inherit your debt “anything that helps Americans pay off their debt is a good thing” -creditors
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Apr 6, 2023 19:50
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BULBASAUR posted:I was on the board of a condo HOA for like 5 years and its corruption all the way through what state was this in? and yeah that sucks, but we haven't had anything like that at all here, I'm on the board also and have lived here 12 years. the laws in my state make what you describe close to impossible, since we are required to be audited also you still need to have some sort of association to manage common elements no matter what
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Apr 6, 2023 19:57
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Thoguh posted:lmao just being completely open about the goal being to make it so you're just paying interest and never actually building any equity in the home. Might as well just rent at that point because you're taking on all the negatives and risks of home ownership without any of the positives. . If they go to 40 year mortgages I think it's just gonna make foreclosures more common because like you said, jack poo poo going towards equity the first decade or two. Going to be real tough to refi and not much point in doing so
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Apr 6, 2023 20:07
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https://twitter.com/Kotaku/status/1644096111685009411?s=20
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Apr 6, 2023 23:11
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lmao i like how it's right next to the house and famous staircase from the exorcist
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Apr 6, 2023 23:53
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Ammanas posted:https://www.wptv.com/money/real-estate-news/federal-housing-administration-greenlights-40-year-mortgages Fix housing prices? No! Forever mortgages
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Apr 7, 2023 00:21
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https://twitter.com/FinancialTimes/status/1643939167661961216?s=20
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Apr 7, 2023 00:55
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lol 400k loan, 6.5% equity after 5/10/15/20 years is 6.3%/15%/ 27.3%/44% for 30 year, ~2500/month equity after 5/10/15/20 years is 3%/7.3%/ 13.3%/21.3% for 40 year, ~2340/month it's only a 9.4% decrease in your montly payment, but you lose half your equity
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Apr 7, 2023 01:01
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$400,000 loan drat enjoy west virginia I guess.
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Apr 7, 2023 02:06
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actionjackson posted:lol That's even worse than I realized. Add in ptax and/or pmi and your monthly payment is probably dropping 5% but your equity gain is obliterated. Guess its a good way to keep people working until their 70s though
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Apr 7, 2023 02:15
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actionjackson posted:lol That rules
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Apr 7, 2023 02:18
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I’m going to die in this house
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Apr 7, 2023 02:18
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Pittsburgh Fentanyl Cloud posted:I’m going to die in this house stop gloating.
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Apr 7, 2023 02:20
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Mortgages as forever-rent seems like a reasonable end goal given that residual income is the one thing the working class are not allowed to have. It should be entirely reasonable for a working person to buy a house in their 20s and pay it off by their 40s, but that would give the average person far too much leverage over their employers in the same way that UHC would remove a major bargaining chip.
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Apr 7, 2023 02:24
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Pittsburgh Fentanyl Cloud posted:I’m going to die in this house we'll look for mastershakeman when you do
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Apr 7, 2023 02:25
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