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Pittsburgh Fentanyl Cloud posted:Propublica did an expose a few months ago about how companies like we buy ugly houses are built entirely around finding and taking advantage of the desperate, right down to trolling funeral notices and going after the newly widowed. drat that’s especially awful
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Jul 8, 2023 22:37
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yea when my boyfriend died I got a bunch of solicitations to buy our house (that we didn’t even own) pissed me the hell off. can’t imagine how much worse it is now in this market
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Jul 8, 2023 22:39
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PoundSand posted:Why does this work anyways? Like if I were going to hypothetically sell to an obvious flipper couldn't I just do the cheap reno myself and pocket the higher sale price? Someone coming to you to buy your house like this is basically out in the open saying that they want to turn around and sell it for more than they will offer you. It'd be like having your own business and then hiring a boss to skim profits from you. Most people don’t have the money for a “cheap” Reno which is still gonna run like $25k for a bathroom/kitchen/paint. And that’s if you know what you’re doing, which most people don’t Other use cases are homes with sufficient code violations to render the home ineligible for traditional financing, greatly reducing the prospective buyer pool. Finally, these people send out thousands of these letters/texts, eventually someone is gonna bite. High-pressure sales tactics do the rest. Once they have it under contract, they find an investor with cash to buy it for more, and then pocket the difference. It’s called “wholesaling”, and is the method by which YOU! can start making money in real estate without any cash of your own 
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Jul 8, 2023 23:09
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DR FRASIER KRANG posted:I think it's to catch people who are desperate and/or in a tight spot. Yeah, it has nothing to do with people being lazy. The people who fall for these offers need to sell right away for one reason or another, or they need money, and it honestly never occurred to them that their house could be money. Actual flippers aren't going for the people with the knowledge/money/time to sell their home anywhere near market value. There's no profit in that, even for homes in relatively poor condition that legitimately need renovation work. Those homes will still end up selling for a lot on the open market, eventually. The scam artists are trying to catch people who are willing to sell for drastically below reasonable market value.
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Jul 9, 2023 01:59
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https://twitter.com/NBCNews/status/1677705466653073409?s=20quote:Marr added that the homeownership rate of Generation Z adults (age 18 to 27) has already surpassed the rate of Generation X (age 44 to 59) who owned homes when they were still in their 20s, a phenomenon also attributable to an older generation stepping in to help their kids become homeowners.
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Jul 9, 2023 02:03
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the two generations
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Jul 9, 2023 02:13
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aaaaa
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Jul 9, 2023 03:31
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Crusty Nutsack posted:yea when my boyfriend died I got a bunch of solicitations to buy our house (that we didn’t even own)  that's on up there with robbers following funeral notices bc they know the houses will be empty.I'm so sorry you had to go thru that. 
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Jul 9, 2023 04:34
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lmao, it's not boomers doing all-cash offers; it's investor groups.
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Jul 9, 2023 04:36
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but also lmao if zoomers are outpacing millies in home ownership by age. just lmao @ everything. except assholes exploiting deaths to rob people, they can eat a dick.
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Jul 9, 2023 04:37
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The Propublica expose on We Buy Ugly Houses https://www.propublica.org/article/ugly-truth-behind-we-buy-ugly-houses quote:Cory Evans was well-versed in the HomeVestors of America playbook when he arrived at a suburban Los Angeles home on Nov. 4, 2016. His franchise with the “We Buy Ugly Houses” company had executed more than 50 deals in the preceding two years. Patriot Holdings would soon become one of the company’s most successful franchises by following HomeVestors’ strategy of finding homeowners in desperate situations, then convincing them to sell quickly.
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Jul 9, 2023 04:40
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good news for golden handcuffs but i say DOUBT https://twitter.com/newslambert/status/1677753046204395520
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Jul 9, 2023 04:56
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Willa Rogers posted:lmao, it's not boomers doing all-cash offers; it's investor groups. its both
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Jul 9, 2023 05:00
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Wraith of J.O.I. posted:good news for golden handcuffs but i say DOUBT 2025?! what a timely solution! and surely home prices won’t increase by a fuckton in the meanwhile
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Jul 9, 2023 07:55
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Wraith of J.O.I. posted:good news for golden handcuffs but i say DOUBT if a british communist pamphlet says so i'm in
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Jul 9, 2023 08:18
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"why build more homes when we can just occupy the alternate maze dimension of endless well-lit office space?" - says the USA
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Jul 9, 2023 08:45
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The Fed isn't going to admit that the US economy can't function without the free money life support until the economy actually goes off a cliff. We're probably not even at their intended terminal rate yet and substantial cuts aren't going to happen while they can still insist that the US economy is good and strong.
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Jul 9, 2023 15:47
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There's some big cracks in the facade opening in this piece: quote:"There will be no return to the 3% rates we had during the pandemic," Bright MLS chief economist Lisa Sturtevant said in a statement Thursday. "Homebuyers have had to accept the ‘new normal’ of rates around 6.5% or even a little higher." Anyone who overextended themselves betting on a rate pivot and refi is going to get owned. quote:"As many people continue working from home, close commutes are not drawing people back into cities," she said, adding: "Cities are not back, and may never be back in terms of attracting the same level of buyers." RIP city cores. It's gonna be the 70's again.
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Jul 9, 2023 20:17
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City-loving millennials here have been moving to the suburbs eventually for as long as I’ve been paying attention. You can set a clock the instant they have kids. When we were looking for a new place earlier this year, the majority of the houses we looked at had pictures of toddlers or other stuff saying they’d just had a kid. White people are terrified of city schools and if you don’t send your (white) kid to one of the suburban districts here people act like you’re abusing your kids.
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Jul 9, 2023 20:39
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It’s normal to want to send your kids to the best schools
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Jul 10, 2023 00:23
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I'm one of the few people I know hoping to move back into one of the big cities around 'kid time'
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Jul 10, 2023 00:39
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Failson posted:Portland prices may actually be going... Down? The room where the magic happens 
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Jul 10, 2023 00:39
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Pittsburgh Fentanyl Cloud posted:City-loving millennials here have been moving to the suburbs eventually for as long as I’ve been paying attention. You can set a clock the instant they have kids. you have so many stupid as gently caress opinions about poo poo you have zero clue about. it's sort of impressive.
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Jul 10, 2023 00:42
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speaking of schools and housing, due to job relocation and school year starting in 1.5 months. we may have to rent short term in the school we want our kid in and then hopefully buy . the goal is to sell/buy and move by end of august lol across the state.(good fuckin luck) tomorrow have final numbers on what we pre qualify for and meeting buying real estate agent. living in an older home though has trained us in accepting bad wall paper or outdated kitchens since it’s nbd to change. a lot of houses were seeing though seem to have too many step downs which is so silly. to help clean the house for selling I got a steam cleaner and dang should have bought one long ago
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Jul 10, 2023 00:48
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Nothus posted:RIP city cores. It's gonna be the 70's again. I don't see what the difference is between now and when these same articles were being written about Gen-X getting old and having kids. When part of Gen-X moved to the suburbs they were replaced by millenials and downsizing boomers. The same thing is going to happen with millenials just shifted over one generation.
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Jul 10, 2023 01:30
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BULBASAUR posted:The room where the magic happens Hellraiser room
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Jul 10, 2023 01:35
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If we could just afford a two bedroom apartment and not have our rent jacked way up every other year we would have seriously considered raising kids in the city. It had nothing to do with making sure our daughter didn’t encounter any poors or browns at school. As a matter of fact there’s more of those in the suburb we wound up in since they’ve all been priced out of the city along with us.
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Jul 10, 2023 02:00
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DR FRASIER KRANG posted:you have so many stupid as gently caress opinions about poo poo you have zero clue about. it's sort of impressive. You moved to send your kids to a white school district too, huh Pittsburgh Fentanyl Cloud has issued a correction as of 02:07 on Jul 10, 2023 |
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Jul 10, 2023 02:02
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Weembles posted:I don't see what the difference is between now and when these same articles were being written about Gen-X getting old and having kids. When part of Gen-X moved to the suburbs they were replaced by millenials and downsizing boomers. The same thing is going to happen with millenials just shifted over one generation. yeah. also millennials seem to like living in the city core. even when they make babey.
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Jul 10, 2023 02:12
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Ornery and Hornery posted:yeah. also millennials seem to like living in the city core. even when they make babey. that doesn't exactly disprove white flight when that directly coincided with the suburbs becoming much more diverse
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Jul 10, 2023 02:19
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https://reductress.com/post/nice-woman-buys-starter-home-that-five-generations-of-a-family-have-lived-and-died-in/
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Jul 10, 2023 02:28
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Pittsburgh Fentanyl Cloud posted:You moved to send your kids to a white school district too, huh what do you even have kids lmfao
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Jul 10, 2023 02:41
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DR FRASIER KRANG posted:what I didn’t state an opinion, I just said that millennials have been moving out to the suburbs for as long as they’ve been having kids. You got mad about that for some reason. Makes you think
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Jul 10, 2023 02:48
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It’s okay if you want Kayden and Brayden to go to school with people like them, no one is judging you.
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Jul 10, 2023 02:49
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city versus suburb comes down to wanting an apartment or house imo
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Jul 10, 2023 03:13
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you post a shitload about kids and parents for someone who knows absolutely nothing about them. makes you think.
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Jul 10, 2023 03:13
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DR FRASIER KRANG posted:you post a shitload about kids and parents for someone who knows absolutely nothing about them. makes you think. No one’s judging you for wanting to put your kids in de facto segregated schools. You told on yourself. “Good schools” means “white schools” in the US and schools are more segregated now than they were in the seventies. The number one factor in your child’s education, as always, is parental involvement.
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Jul 10, 2023 03:15
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what the gently caress are you talking about
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Jul 10, 2023 03:23
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Pittsburgh Fentanyl Cloud posted:I stuck a mailbox on the place I'm moving to yesterday i'm going to slap a house of the month plaque on my house too
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Jul 10, 2023 03:40
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It came with the house, jealous?
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Jul 10, 2023 03:52
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