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are people buying these houses? if so....why? and how? how could the market possibly sustain this?
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Apr 23, 2022 03:33
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cheapest interest rates in human history OP a situation that will last forever, ah, excuse me *puts hand to earpiece*
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Apr 23, 2022 03:34
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Mola Yam posted:
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Apr 23, 2022 03:35
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Mola Yam posted:cheapest interest rates in human history OP
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Apr 23, 2022 03:37
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empty whippet box posted:are people buying these houses? Corporations and LLCs that are just the address are people to some. For the actual humans that are buying just look at some of the replies in this thread. Rent is so high in places that you might as well just buy.
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Apr 23, 2022 03:37
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also buying and just buying a new house a few years later its like renting but worse! destroy any built up equity as you climb the housing ladder! pile up that debt!
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Apr 23, 2022 03:41
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TenementFunster posted:airbnb + ~0% interest for rich people has ruined housing in the US for multiple generations, just like the "right to buy" council housing in the UK houses in England being 1mil when I was a child primed me to panic when the prices of houses here didnt stop rising during the pandemic
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Apr 23, 2022 03:43
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Mola Yam posted:
Lol they group all of NYC as NJ,NY and PA? Yea when I tell someone to move to NYC, I actually mean 100 miles away in Pennsylvania, for sure.
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Apr 23, 2022 03:47
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Archduke Frantz Fanon posted:also buying and just buying a new house a few years later Yep, just upgraded from a 3 bedroom workman's cottage to a 7bedroom McMansion. Help my utilities are 1500/mo, how could this happen?
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Apr 23, 2022 03:50
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Ammanas posted:yeah youre priced out of a home, save diligently for retirement and marry a high earner. this aim for that sugar daddy/mommy money
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Apr 23, 2022 03:58
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Xaris posted:eh. i know a whole lot of california boomers who've packed up and sold their $80k 1980 tracthouse for million+ and moved out to like Coeur d'Alene and Sandpoint or even boise. not because they're stressed but because california has gotten too lib with banning plastic bags, CRT, and gays everywhere. My old team lead's parents moved to the middle of the desert in California instead of living in the suburbs of San Diego. I am sure you can guess their political affiliation. She helped them move and was telling us that they live in the middle of bumfuck nowhere and there is literally nothing around. They need to drive 20-30 minutes to get to the the nearest store. AnimeIsTrash has issued a correction as of 05:32 on Apr 23, 2022 |
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Apr 23, 2022 04:02
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Dreylad posted:alberta is only so affordable because oil prices dropping before the pandemic wrecked its economy. if oil stays high boom times are back baby, time to crank it to the worst possible form of hydrocarbon extraction on this dumb planet lol when people were renting 1 bedrooms for like $3k a month in Fort McMurray, basically a frontier mining town good thing they blew all their money on booze and jetskis before losing their jobs, and then God burned and flooded the foul place into oblivion
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Apr 23, 2022 04:39
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ate poo poo on live tv posted:Lol they group all of NYC as NJ,NY and PA? Yea when I tell someone to move to NYC, I actually mean 100 miles away in Pennsylvania, for sure. the drive is like 90 minutes up i-95. you don't even have to leave it any more ever since they completed it philly started to get real expensive though ever since the nyc real estate moguls began to gently caress with it
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Apr 23, 2022 04:45
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TenementFunster posted:just lol at how this is just a list of boring anglophone cities in a roughly descending order of awfulness As someone who used to live in Buffalo, lol, don't love in Buffalo Unless you want to have kids outta high school and turn 45 at the age of 20
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Apr 23, 2022 04:50
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AnimeIsTrash posted:My old team's parents moved to the middle of the desert in California instead of living in the suburbs of San Diego. I am sure you can guess their political affiliation.
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Apr 23, 2022 04:54
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Everyone becoming a teacher or a prison guard. Mustaches sprouting with a sudden suspicion of anything new
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Apr 23, 2022 04:57
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Xaris posted:that's freedom bay bee. the libs cant take away our guns and make me gay if i live an hour from the closest CVS Midwest small town pharmacies actually pay rather well. No one wants to live there but Walgreens or CVS or Kroger will still need them and their only option is to lure pharmacists out of the cities with good bonuses and pay. But the midwest is not the california desert so lol. I get it, I like deserts, low humidity, generally sparsely populated spaces. Ideally, 10-15 minutes out of town is perfect for me. I wouldn't mind having enough desert land to carve messages into the ground that can be read from low flying aircraft or on microsoft flight simulator. Just strategically rip out sagebrush.
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Apr 23, 2022 05:01
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how is Honolulu so high, lol i think austin should be higher also lol at hong kong actionjackson has issued a correction as of 05:05 on Apr 23, 2022 |
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Apr 23, 2022 05:02
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actionjackson posted:how is Honolulu so high, lol hawaii IS very nice, for america. i would totally love to live in Kaneohe
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Apr 23, 2022 05:21
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CRUSTY MINGE posted:Midwest small town pharmacies actually pay rather well. No one wants to live there but Walgreens or CVS or Kroger will still need them and their only option is to lure pharmacists out of the cities with good bonuses and pay. The healthcare industry is the only thing that keeps "small towns" alive. The hosts of the Trillbillies podcast live in or around Whiteburg, Ky and something they'll mentioned from time to time is how every store in the city has turned into some healthcare one.
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Apr 23, 2022 05:34
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https://twitter.com/NeilNasty7/status/1517352667139522561?s=20&t=IvnFXQDBrKBiZ9ru94kgHg
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Apr 23, 2022 07:18
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Spilling rolling rock in your lovely carpeted basement. The only things you talk about are the Bills, Sabers, and something something crime
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Apr 23, 2022 08:16
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Shageletic posted:Spilling rolling rock in your lovely carpeted basement. The only things you talk about are the Bills, Sabers, and something something crime the American dream
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Apr 23, 2022 08:28
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Shageletic posted:Everyone becoming a teacher or a prison guard. Mustaches sprouting with a sudden suspicion of anything new you will love hockey or
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Apr 23, 2022 10:57
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It was actually a little heartening to see a bunch of For Sale signs go up around my last neighborhood in summer 2020, on what had all very clearly been AirBnBs. But I haven't been back there in a while and I'm sure they've all been scooped up again.
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Apr 23, 2022 12:11
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Mola Yam posted:
they never include mainland chinese cities in these. last time i ran the numbers for where i live (shenzhen) it worked out to over 30x lol
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Apr 23, 2022 13:34
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37x and 30 mortgage rates are around 4.6%
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Apr 23, 2022 13:44
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WampaLord posted:the American dream
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Apr 23, 2022 13:46
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Melbourne lol. I know of at least three houses that have stood vacant for six years or so, if i was paying attention i could have saved myself a lot of rent money
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Apr 23, 2022 14:12
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Ramrod Hotshot posted:will the upcoming recession drop prices? in some places at least there has to be a bubble. higher interest rates making monthly payments higher should have dropped prices and didn't. the housing market is complete nonsense
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Apr 23, 2022 14:15
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Ramrod Hotshot posted:will the upcoming recession drop prices? in some places at least there has to be a bubble. real estate is inflated by the ultra rich using housing as money storage because they just got too rich to launder their money with artwork with that in mind, everyone will be made to starve before prices are allowed to fall
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Apr 23, 2022 14:29
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Fat-Lip-Sum-41.mp3 posted:real estate is inflated by the ultra rich using housing as money storage because they just got too rich to launder their money with artwork Time to start some new professional sports teams
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Apr 23, 2022 14:31
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Xaris posted:
That's because outside of condo enclaves of boomers and the Costco it's not america tbh I would love to live in Hanalei but even if the opportunity presented itself I wouldn't because I'd just feel loving gross and locals would rightfully hate me bvj191jgl7bBsqF5m has issued a correction as of 14:42 on Apr 23, 2022 |
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Apr 23, 2022 14:40
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https://twitter.com/BenRabidoux/status/1517481885882101763?t=YECw_fdbl8v_DZtek7On6A&s=19 The suburbs of Toronto are getting spicy, and I am enjoying it bvj191jgl7bBsqF5m has issued a correction as of 15:06 on Apr 23, 2022 |
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Apr 23, 2022 14:58
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whoever said they were despondent about all this, yep, big same been living in the same crappy apartment for 14 years now. back in 2019, me and my partner were planning to buy a house in 2020. then he died instead! lol now the life insurance money will go towards my down payment but uhhhh even in my midsize midwestern city, the modest houses are now $300k instead of ~$175k. at least staying in the city proper is cheaper because of white flight, I guess? idk it sucks poo poo. while I have the down payment covered neither I nor my new partner makes enough money to feel comfortable with a $2k mortgage payment so I guess we'll just be stuck in my apartment for another couple years until something crashes or corrects 
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Apr 23, 2022 15:33
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Crusty Nutsack posted:now the life insurance money will go towards my down payment but uhhhh even in my midsize midwestern city, the modest houses are now $300k instead of ~$175k. at least staying in the city proper is cheaper because of white flight, I guess? idk yeah. a lot of the affordable cities on that list have seen single family houses go from the mid 100s to 300k in the past decade. its really the last gasp of housing affordability anywhere before even those prices enter the stratosphere Crusty Nutsack posted:then he died instead! lol  livin the dream
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Apr 23, 2022 15:39
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I bought my house last year in the DC region. I'm single, high earning, no debt, and I'm 100% disabled by the VA. My total gross between the two is around 230-235k a year. So not only do I get a VA loan, I don't pay property taxes in the state and save almost five grand a year. I was barely able to afford my 80 year old townhouse, and had to bid wildly over asking with no conditions. I got exceptionally lucky in two ways - one, because the house was immaculate and recently upgraded, and two because my insanely jingoistic bullshit buyer's letter got me the house. I wasn't the highest bid, but I was the only vet and the seller was one too. I had previously lost several other bids on other houses, sometimes going as much as 80k (15-20%) over. Got in at 2.35% too. I am the only person I know of at work that has done this. Out of like 40 people my age, the only ones that have a home are married to another equally high earner (so household income somewhere around 300k gross or more) and/or had their rich family help or outright give. Everyone else pays anywhere from 2500-3000 a month for rent; toss in child care which also costs up to like 2k/kid and poof there goes all your money to save for a house. The DC area (specifically NoVA) is double hosed because rents (and overall cost of living) are insane and you basically have no choice to live here if you work for some parts of the government. My job in particular binds me to a specific location and has strings attached as to when I'm expected to show up on short notice. I can't be there in an hour if I have a somewhat affordable house outside the main NoVA bubble. It's also a personal thing for me, since I cannot drive for medical reasons. So it's either live where I do and have the job that I have, or get hosed. In short, lol. lmao. edit: my house has appreciated more than 60k in the literal year that i've owned it
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Apr 23, 2022 16:02
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bvj191jgl7bBsqF5m posted:https://twitter.com/BenRabidoux/status/1517481885882101763?t=YECw_fdbl8v_DZtek7On6A&s=19 he bought a home in grand theft auto?
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Apr 23, 2022 16:22
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Crusty Nutsack posted:neither I nor my new partner makes enough money to feel comfortable with a $2k mortgage payment so I guess we'll just be stuck in my apartment for another couple years until rent is $2400
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Apr 23, 2022 16:24
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actionjackson posted:he bought a home in grand theft auto? Real estate is like NFTs but you don't get a jpeg even
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Apr 23, 2022 16:58
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