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RadiRoot posted:8x15” plot https://www.youtube.com/watch?v=zg5Ovdu6bOE
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May 1, 2023 00:36
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I really love all the new construction they're building where I live. I'm sure it's the same everywhere but lol at "luxury building with affordable units!!!".  
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May 1, 2023 16:55
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WaryWarren posted:I really love all the new construction they're building where I live. I'm sure it's the same everywhere but lol at "luxury building with affordable units!!!". Sorry we are out of the poor people units. We only have availability for high income earners.
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May 1, 2023 17:00
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there's a giant new condo building in brooklyn that has "affordable" housing https://hellgatenyc.com/the-affordable-apartments-brooklyn-tower-sinister-stalagmite-expensive  those are the income bands
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May 1, 2023 17:02
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JAY ZERO SUM GAME posted:there's a giant new condo building in brooklyn that has "affordable" housing the normal studio rent is more than my mortgage for a 2 bedroom in park slope, I’ve only lived here for 3 years lol rates go up, prices go up, market go up?
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May 1, 2023 17:06
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Those rents are going to be higher than most mortgages in most places for any kind of reasonable house bought before, I dunno, late 2020. Not so much now, which is very funny. But it's also NYC so those really are "affordable" rents.
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May 1, 2023 17:09
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they are, but only for people making those salaries, which is top 30% the point is they chose to make their "affordable" units only affordable to well-off people e: that 130% is 130% of local median income
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May 1, 2023 17:15
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Affordable units in NYC are only for rich people from non-rich non-NYC backgrounds who can't wrap their head around spending 2/3rds their exorbitant salary on a shoebox
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May 1, 2023 18:20
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 They were never going to be happy with just ruining the cities.
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May 3, 2023 21:26
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"Property does need work it was struck by lightening."  
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May 11, 2023 18:36
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Crusty Nutsack posted:"Property does need work it was struck by lightening." love it or list it???
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May 11, 2023 18:50
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Crusty Nutsack posted:"Property does need work it was struck by lightening." nothing some spackle and some stainless steel appliances can't fix
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May 11, 2023 19:05
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Pittsburgh Fentanyl Cloud posted:
I wonder if economic terrorists are going to become a thing in the US
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May 11, 2023 20:13
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So our landlord has been listing apartments like ours for $500 less than the renewal they sent us. When I confronted the management office about it, they just shrugged and said the computer makes the decisions and their hands are tied. Meanwhile almost half of the complex has moved out over the past month. Looking out my window right now I see two Uhauls being loaded.
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May 11, 2023 20:22
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RadiRoot posted:my boomer dad is sad because he couldn’t buy a 8x15” plot of land for $20000 in time and now has to deal with someone that wants to use it as a boat launch and they’re suing each other because he claims the property is land locked and access to the water is trespassing by a couple feet. gently caress property owners. he wonders why I barely talk to him. easy solution here that doesnt involve setting foot outside the plot and that guy can still call it a "boat launch"
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May 11, 2023 20:30
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Nothus posted:So When I confronted the management office about it, they just shrugged and said the computer makes the decisions and their hands are tied. bunch of the big property managers they took away any ability for the local person to deviate from the algorithm.
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May 11, 2023 20:54
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Bar Ran Dun posted:bunch of the big property managers they took away any ability for the local person to deviate from the algorithm. My favorite story about a property manager came from a property owner. The manager lowered rent for all of the properties he managed for close to a full year before quitting and the owner only noticed when they went to do their taxes and the income was way down. Using a computer makes sure things like that don’t happen and it probably makes life easier for the managers. They can just shrug and say they have no power over it anymore so they don’t have to spend time negotiating.
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May 11, 2023 21:01
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Bar Ran Dun posted:bunch of the big property managers they took away any ability for the local person to deviate from the algorithm. using a central algorithm to jackup rent across all commercial landlords isn’t an illegal price fixing cabal because the computer told us what to do
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May 11, 2023 21:06
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pagan worship ritual from a 70s horror movie but it’s boomer landlords prostrating before an algorithm
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May 11, 2023 21:09
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street doc posted:using a central algorithm to jackup rent across all commercial landlords isn’t an illegal price fixing cabal because the computer told us what to do we need to start treating it as a cartel. especially as the objective function is likely written to produce that outcome.
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May 11, 2023 21:38
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Failson posted:McMansion ALL the quote:The McMansion has also endured because, in the wake of the recession, the United States declined the opportunity to meaningfully transform the financial system on which our way of life is based. The breach was patched with taxpayer money, the system was restored, and we resumed our previous trajectory. The McMansion survived what could have been an existential crisis; it remains an unimpeachable symbol of having “made it” in a world where advancement is still measured in ostentation. It is a one-stop shop of wealth signifiers: modernist décor (rich people like modernism now), marble countertops (banks have marble), towering foyers (banks also have foyers), massive scale (everything I see is splendor). Owing to its distance from all forms of communal space, the McMansion must also become the site of sociality. It can’t just be a house; it has to be a ballroom, a movie theater, a bar.
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May 11, 2023 21:49
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Nothus posted:So our landlord has been listing apartments like ours for $500 less than the renewal they sent us. When I confronted the management office about it, they just shrugged and said the computer makes the decisions and their hands are tied. If we are going to have central price controls we should set the prices democratically.
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May 11, 2023 22:00
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street doc posted:using a central algorithm to jackup rent across all commercial landlords isn’t an illegal price fixing cabal because the computer told us what to do MickeyFinn posted:If we are going to have central price controls we should set the prices democratically. reagan no: project cybersyn reagan yes: skynet
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May 11, 2023 22:13
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Nothus posted:So our landlord has been listing apartments like ours for $500 less than the renewal they sent us. When I confronted the management office about it, they just shrugged and said the computer makes the decisions and their hands are tied. that is absolutely bizarre business behavior.
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May 11, 2023 22:56
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Ammanas posted:that is absolutely bizarre business behavior. Super normal, a friend of mine got significant rent cuts two years in a row by moving units within the apartment to identical, or even nicer, units. The computer set the prices, the computer massively rewarded him for pushing his poo poo across the hallway into a new unit. The building had to spend a lot more money to clean and turn units instead of keeping him in the same place for three years.
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May 11, 2023 23:04
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It actually suits the landlord cartel to behave as inhumanly and inexplicably as possible since that intensifies and normalizes the sense of learned helplessness on the part of the tenants. If their actions are inexplicable and random, they will be conceptualized as an inexplicable force in their tenants' lives. If they are conceptualized as an inexplicable force, then no action can be made to oppose them since opposition requires some conceptualization of the opponent as explicable. If, in the minds of tenants, landlords as a greedy, exploitative group of people are replaced with a dehumanized, faceless, random force, what is there to oppose? I pushed my stuff across the hall and got $500 off my rent last year. Who knows why. I got an eviction notice. No reason, nothing to do about it except pack up before the cops force me out. I can't find a new place to live. Shikata ga nai.
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May 12, 2023 01:00
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nvm
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May 12, 2023 02:16
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Bar Ran Dun posted:we need to start treating it as a cartel. especially as the objective function is likely written to produce that outcome. some poeople is treating it that way https://www.propublica.org/article/realpage-accused-of-collusion-in-new-lawsuit
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May 12, 2023 05:03
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Justin Tyme posted:easy solution here that doesnt involve setting foot outside the plot and that guy can still call it a "boat launch" how, magic?
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May 12, 2023 06:10
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a house i was interested in sold for 50,000 over asking price so thats cool. barely anything on market lately, back to renting i guess.
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May 12, 2023 06:21
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Bar Ran Dun posted:we need to start treating it as a cartel. especially as the objective function is likely written to produce that outcome. print(rent+500); wow look the computer told us to raise rent
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May 12, 2023 08:26
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RadiRoot posted:a house i was interested in sold for 50,000 over asking price so thats cool. barely anything on market lately, back to renting i guess. yea none of the 'higher interest rates will cool the market' predictions came true, now everything is just as or more expensive in different and fun ways
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May 12, 2023 16:21
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people aren't waffling on price yet since there's no real economic crash atm causing people to need to pick up and leave or sell their houses for liquidity. however, sales are the lowest they've been in a decade if the fed nails this "soft landing" we may not see much of a decline in prices at all since we'd be avoiding job losses and panic, but also there's a fairly high price floor set by blackrock et al that didn't quite exist yet in 2008
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May 12, 2023 16:25
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Ammanas posted:yea none of the 'higher interest rates will cool the market' predictions came true, now everything is just as or more expensive in different and fun ways Those predictions never made sense even from a dumb market forces perspective. The number of people who need to sell because of financial circumstances, divorces, career moves, whatever is going to be relatively constant, but the number of people who are willing to sell is just going to go down with higher rates. No one who doesn't have to is going to double their mortgage for an equivalent house, it makes no sense. A good rule of thumb for the housing market is that if you aren't seriously worried about losing your job, then the economy probably isn't bad enough for prices to come down yet.
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May 12, 2023 16:29
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yesterday i interviewed for a project manager position with a tech company that would pay three times what i currently make but my current job is 100% recession-proof and i'm terrified at going back into the private sector even for $$$ with that job i'd be able to save for a down payment in like 10 months but lol at touching that stove again
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May 12, 2023 16:30
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smells like money…that’s been pissed on
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May 12, 2023 16:38
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what recession?
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May 12, 2023 16:41
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i say swears online posted:people aren't waffling on price yet since there's no real economic crash atm causing people to need to pick up and leave or sell their houses for liquidity. however, sales are the lowest they've been in a decade The hypothesizing I've seen (don't recall if I found it on these forums or elsewhere) is that there are a lot of people who would normally be adding supply to the market by moving up to a new home who are stuck where they are due to lack of equity + higher interest rates. So inventory is in the shitter and prices aren't moving as a result. It's a complicated set of gears and all it takes is a matchstick stuck between one set of cogs to break the entire machine.
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May 12, 2023 17:40
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extremely anecdotally, in my neighborhood there are virtually no 1 bedroom residences available for sale, and many 2 and, amazingly, 3 bedroom units. when my wife and i were in the market 3-5 years ago, it was the exact opposite
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May 12, 2023 17:42
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Pittsburgh Fentanyl Cloud posted:The hypothesizing I've seen (don't recall if I found it on these forums or elsewhere) is that there are a lot of people who would normally be adding supply to the market by moving up to a new home who are stuck where they are due to lack of equity + higher interest rates. So inventory is in the shitter and prices aren't moving as a result. It's a complicated set of gears and all it takes is a matchstick stuck between one set of cogs to break the entire machine. https://www.zillow.com/homedetails/901-Garison-Rd-Buda-TX-78610/28584106_zpid/  prices coming down!!!
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May 12, 2023 17:50
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