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anonumos posted:Nah man you forgot interest. Mortgage payment is closer to $1700. Gotta charge $2500 to make it worth the headache. you’ve about got the right idea of my rental market. I do plan on living in it myself though. I know, unbelievable. And in six months of looking, it was exactly the second place this small I saw for sale that wasn’t a crumbling condo with a broken elevator or a (also crumbling) house from the 20s still using an oil furnace. the place is a little nicer than the townhome I’d been renting. my rent had been $1400 but only because of rent control. they’re charging new tenants $2000. I guess I’m the weird one. I’m an engineer and COULD afford more house if I wanted…but I’m just a single guy without kids or pets, and I have fairly simple tastes. All my coworkers and family keep telling me I need to get the most amount of house I can afford for the investment, but from where I’m sitting, the only “investment” I really want out of ownership is not paying someone rent while keeping my rear end and my stuff dry and warm without a ton of hassle. I figure I’ll just invest in index funds after I finish paying off the mortgage. That just seems way lower effort compared to real estate (even the one I’m living in), and like, I’m just a geek and I just wanna spend my time on earth geeking around in my shop (which is what my second bedroom is gonna be), not being a money pervert.
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Jul 15, 2023 14:06
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Good news, I checked a random lovely rural Pennsylvanian town and everything desirable there is expensive  Just move to a low cost of living area! * (* there are none left)
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Jul 16, 2023 00:27
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South Central Illinois is affordable! Lmao
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Jul 16, 2023 01:03
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A Bad King posted:South Central Illinois is affordable! Don't tell people about Springfield.
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Jul 16, 2023 16:34
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There are fairly reasonable 1000 sq Ft places in my old stomping grounds of Oklahoma City for around $160k-ish, and that’s fine, as long as you don’t need a good paying job that isn’t in oil/gas. or want to send children to a reasonably funded school that isn’t a private Christian school. or mind regular softball size hail with all the damage and sky high insurance premiums that come with it. or ever wanna do anything interesting not in a suburban sprawl. or…
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Jul 16, 2023 18:08
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Price cut on the 1000sqft free standing box with no yard garage or roof deck zero lot lined in the middle of a concrete slab with two other houses between it and the street and no alley Weird
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Jul 16, 2023 18:47
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It looks like that data about AirBnB revenues in various metro areas being down upwards of 40% is not being substantiated by anybody else: https://skift.com/2023/07/15/behind-the-source-of-the-viral-airbnb-collapse-data/ quote:This is a story about how questionable data about plunging Airbnb host revenue took on a life of its own, leading to a slew of news articles and social media posts, investor concerns, and one CNBC interview. So the original message was fired off from God-knows-what data, but fancy that Gerli isn't just sharing the stuff himself. I suppose he could be under some embargo/NDA/whatever to share the original data, or he's just covering himself by not showing what he did. AllTheRooms is being especially quiet though. But other sources are not agreeing with the idea of a massive collapse in AirBnB revenues.
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Jul 16, 2023 19:11
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where did you guys get so much money + give me some money
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Jul 16, 2023 19:15
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aw frig aw dang it posted:where did you guys get so much money + give me some money
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Jul 16, 2023 19:30
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anonumos posted:Nah man you forgot interest. Mortgage payment is closer to $1700. Gotta charge $2500 to make it worth the headache. eh - it’s honestly more predatory - typically rent only dwarfs the mortgage payment for the poorest people because they have no cash and get taken advantage of
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Jul 16, 2023 19:31
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 #sigmamale #redpill #MenLivesMatter
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Jul 16, 2023 21:11
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cool av posted:just hope it sucks just the right amount that you want it but nobody else does i think it just might... just signed off on the initial offer so it's in the sellers court now.  i didnt waive inspection though.i checked out another house today that was flipped in a rush. the paint barely had one coat on in places and the basement was a mess.
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Jul 17, 2023 02:16
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Vomik posted:eh - it’s honestly more predatory - typically rent only dwarfs the mortgage payment for the poorest people because they have no cash and get taken advantage of It is more predatory. We've seen things published BY landlords crowing about leverage themselves to the gills to amass rental portfolios. They only make it work because of property value, criminal rent, and minimal upkeep. The problem I keep running into is that I'm seeing more of this bagholder-trap media than I did between 2008 and 2022. Last year the second tier advertising media fire hose began churning out rental empire fluff pieces again. Making me very uneasy, but maybe this time it's different.  i say swears online posted:
I remember looking into MTGOW as a social outlet during my divorce, but...eww. Nope out of their online communities the day I joined them. Disgusting places. Beta by their own definitions. They should be ashamed to look grandma in the eye.
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Jul 17, 2023 03:26
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anonumos posted:I remember looking into MTGOW as a social outlet during my divorce, but...eww. Nope out of their online communities the day I joined them. Disgusting places. Beta by their own definitions. They should be ashamed to look grandma in the eye. I remember stumbling across an Air Force recruiter who tried to get me into MGTOW years ago. Any man whose heart isn't filled with hate should nope the gently caress away immediately.
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Jul 17, 2023 06:44
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didnt get the house. i went 20% over asking price too. probably should've waved the loving inspection.
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Jul 18, 2023 00:16
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never waive the loving inspection
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Jul 18, 2023 01:32
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maybe im suppose to buy a shithole RadiRoot has issued a correction as of 02:03 on Jul 18, 2023 |
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Jul 18, 2023 02:00
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RadiRoot posted:didnt get the house. i went 20% over asking price too. probably should've waved the loving inspection. Owned. (don't waive the inspection)
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Jul 18, 2023 02:50
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RadiRoot posted:maybe im suppose to buy a shithole a structurally unsound shithole is a deathbed. good luck, goon. does your realtor have private listings from their broker firm? sometimes that's a good thing to look into. we found ours through an unlisted private sale through the brokers' shared firm. the owners were planning to go public within a month, we gave them an easy way to sell before having to do the whole rigamarole of preparing the home for showings etc.
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Jul 18, 2023 02:50
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i say swears online posted:never waive the loving inspection This miss getting the house over waiving the inspection.
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Jul 18, 2023 03:19
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A Bad King posted:a structurally unsound shithole is a deathbed. good luck, goon. ill ask but i doubt it.
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Jul 18, 2023 03:27
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i say swears online posted:never waive the loving inspection
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Jul 18, 2023 03:42
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A Bad King posted:a structurally unsound shithole is a deathbed. good luck, goon. dang that seems like a good move
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Jul 18, 2023 07:52
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i say swears online posted:never waive the loving inspection I had an inspection and I have bats in my attic everyone missed I can hear them moving around in the ceiling above my desk at dusk. oh no!
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Jul 18, 2023 14:19
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RadiRoot posted:maybe im suppose to buy a shithole The old advice for people without a lot of money to "buy a fixer-upper and work on it" no longer applies, because A> the fixer-uppers are still $$$$$$$$$$$ in any desirable market, and B> It's impossible to get contractors nowadays as has been recounted in this thread, materials costs are through the roof, and most homeowners don't have the competency necessary to do their own work.
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Jul 18, 2023 14:20
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i say swears online posted:never waive the loving inspection
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Jul 18, 2023 14:24
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Pittsburgh Fentanyl Cloud posted:I had an inspection and I have bats in my attic everyone missed
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Jul 18, 2023 14:25
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Ornery and Hornery posted:dang that seems like a good move You need to spend about two years searching with the same realtor so they break.
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Jul 18, 2023 14:27
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Pittsburgh Fentanyl Cloud posted:The old advice for people without a lot of money to "buy a fixer-upper and work on it" no longer applies, because A> the fixer-uppers are still $$$$$$$$$$$ in any desirable market, and B> It's impossible to get contractors nowadays as has been recounted in this thread, materials costs are through the roof, and most homeowners don't have the competency necessary to do their own work. You'd still need an inspection even if your intent was to buy a fixer-upper, though. It's too risky with potentially major repairs that would be out of reach for even very skilled do-it-yourselfers. You need to know that the foundation and structure are sound, at a minimum. What's funny about a lot of the lovely flips on the market is that most of those improvements would be completely fine (great, even!) as do-it-yourself homeowner projects. Like the whole point of something like vinyl plank flooring is that it is brain dead simple to install, but you've got "investors" spending $1000 on this cheap-rear end flooring and relisting for $50k above purchase.
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Jul 18, 2023 14:46
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Paradoxish posted:You'd still need an inspection even if your intent was to buy a fixer-upper, though. It's too risky with potentially major repairs that would be out of reach for even very skilled do-it-yourselfers. You need to know that the foundation and structure are sound, at a minimum. Inspections are for bats, idiot
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Jul 18, 2023 15:16
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blah i dont know wtf im rambling about but yeah im not serious about waiving it. im not desperate yet... RadiRoot has issued a correction as of 15:23 on Jul 18, 2023 |
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Jul 18, 2023 15:17
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There is never a time where having lots of money is not the answer, except for when just borrowing lots of money (that you won't have to ever pay back) is the answer.
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Jul 18, 2023 15:20
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the trick is to have so much money that it’s not a problem if the 150k improvement sitting on the 800k lot is falling apart. you can spend your way through it or just remodel it or bulldoze and rebuild. or sit on it, eventually bulldoze it and sell it for profit because the land value has grown so much that it surpasses its previous value with a house sitting on it. people don’t talk about this trick enough when it comes to buying a home
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Jul 18, 2023 15:23
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Justus posted:There are fairly reasonable 1000 sq Ft places in my old stomping grounds of Oklahoma City for around $160k-ish, and that’s fine, as long as you don’t need a good paying job that isn’t in oil/gas. or want to send children to a reasonably funded school that isn’t a private Christian school. or mind regular softball size hail with all the damage and sky high insurance premiums that come with it. or ever wanna do anything interesting not in a suburban sprawl. or… A good buddy of mine who had been clean for years moved to OkC because he was being gifted a cheap house. He relapsed almost immediately and didn't survive the year. Seems like a lovely place.
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Jul 18, 2023 16:18
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Pittsburgh Fentanyl Cloud posted:I had an inspection and I have bats in my attic everyone missed great! love bats look at all they’ve done for us
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Jul 18, 2023 16:25
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You literally have to waive inspection to have a single chance in hell in some of the white hot markets. I don’t know anyone who bought in coastal California in the last 15 years who wasn’t forced to do it.
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Jul 18, 2023 16:27
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ProperGanderPusher posted:You literally have to waive inspection to have a single chance in hell in some of the white hot markets. I don’t know anyone who bought in coastal California in the last 15 years who wasn’t forced to do it. did they get free bats tho?
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Jul 18, 2023 16:27
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Paradoxish posted:You'd still need an inspection even if your intent was to buy a fixer-upper, though. It's too risky with potentially major repairs that would be out of reach for even very skilled do-it-yourselfers. You need to know that the foundation and structure are sound, at a minimum. Probably worth mentioning that an inspection reduces the likelihood of getting hosed on this only somewhat and flippers don't need to disclose poo poo because they only own the house for as long as it takes to slap a new coat of paint and some marble counters on it
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Jul 18, 2023 16:29
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As I understand it there's a difference between having an inspection contingency in your offer, and hiring your own inspector to take a look before you offer. Having the inspection contingency means you can walk away from the offer if the inspection turns up something you aren't satisfied with as a prospective buyer. In coastal California, I imagine buyers having their own private inspections done? Do sellers let inspectors poke around without an offer?
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Jul 18, 2023 16:47
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aw frig aw dang it posted:did they get free bats tho? Nah, my one buddy just got plain old rats in the crawl space like a chump. e: He couldn’t even hire his own guy. Houses at that time sold so fast he had to slam down a 50 percent down payment no questions asked and was drat lucky nobody with 100% cash swooped in to do it first. ProperGanderPusher has issued a correction as of 16:59 on Jul 18, 2023 |
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Jul 18, 2023 16:55
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