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If houses go way down in value due to less demand because mortgage rates go up, there'll still be affordability problems b/c now you're looking at 7, 8, 9% interest rates to buy even less house (in terms of sq ft) than you could when rates were at ~2.5% at the bottom. Like, clearly there was an appetite (either from yuppie pmc types or blackrocks) for mortgages even at these crazy price points, you can probably predict the "bottom" for housing prices by just take the average monthly all-in price at the peak (like 1600/mo at 2.5-3%) and plug in 7% or whatever to find what the new median is. Am I off-base here? This seems to make sense in my mind anyway, I wouldn't expect you to magically be able to lock in a 30-year at like 4 or 500/mo if the market crashes and even if you could at that price it means blackrock gets 4 houses for the price of one now. Justin Tyme has issued a correction as of 19:50 on Apr 23, 2022 |
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Apr 23, 2022 19:48
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shrike82 posted:if interest rates get to a point where mortgages are 7% and higher, it’s not just about housing and wide swathes of the economy that rely on the money printer are going to implode Weren't 30-year fixed rates like 15%+ in the 80s/90s?
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Apr 23, 2022 21:09
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Dear lord that kitchen looks miserable to use, love to walk ten feet to wash my hands after cutting/handling raw meat near the stove
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Apr 25, 2022 18:28
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Speak for yourself, I'm a computer toucher who makes five figures
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Apr 26, 2022 22:24
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Posting PII online to pwn my posting enemies
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Apr 27, 2022 17:40
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Nice and hot piss posted:I feel like contractors would just give him a stupid high bid for said stupid project. If they accept then welp, guess I'm putting carpet in a kitchen and taking the rest of this month off I imagine the feeling is similar to the defense secretary getting the order to drop the nukes Sir.... are u absolutely positive this is what you want???? God save our souls *begins laying carpet around the toilet*
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May 12, 2022 16:18
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why would you possible want or need more than one room? hell why even have more than oen door in your dwelling, if you are paying "average rent for an average place" youre a rich rear end in a top hat who should stfu!!!! *is a single man with no kids, no pets, no hobbies, all they need is a large glowing rectangle and a mattress*
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May 14, 2022 22:07
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Peanut President posted:hmm red state that isn't having a huge boom in dipshit yankees....gonna go with Kansas Lol, my parents 70k in 1994 house is now 250k in kansas
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May 17, 2022 13:38
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Saw some article about a company 3d printing an entire neighborhood in Houston? I think it was. They're taking reservations for sales in 2023/2024, starting price: $400,000 wtf is the point of 3d printed homes when an 800 sq ft shitbox costs a fortune (real answer: the cost savings are passed onto the construction company, not the buyer)
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Nov 17, 2022 16:43
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Pittsburgh Fentanyl Cloud posted:https://www.realtor.com/realestateandhomes-detail/2822-Dwight-Ave_Pittsburgh_PA_15216_M30723-82999 im not one to criticize people for being unable to afford nice stuff but man, like, a lovely metal bedframe is cheap on amazon and lovely vinyl blinds are like twenty dollars if that at home depot
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Nov 18, 2022 17:58
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love the "home renos" where they install a single high-end fixture/bath/shower or something and do nothing else. Fancy clawfoot tub next to a contractor-grade sink from the 90's, brand-new kitchen with composite flooring with a hard transition to beige carpet and grandma couches
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Nov 30, 2022 23:53
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mastershakeman posted:oh boo hoo they only make 120k a year its not 1995 anymore grandpa cool country though where you can make like seven grand takehome a month and instead of living large with a grill and a pool you get the privilege of being able to live in some lovely townhouse from the 70's and get two thousand left over to spend on $10 a dozen eggs Justin Tyme has issued a correction as of 18:55 on Feb 7, 2023 |
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Feb 7, 2023 18:51
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when your house burns down and insurance builds you a replacement do they, like, build a 1:1 copy of the house following the style of the neighborhood or do they throw up whatever vinyl siding and fake composite flooring the contractors are puking out these days, and do they build a new house with the same square footage, or as big (or small) of a house as they can build for the dollar value of the policy? Would suck to live in one of those gorgeous craftsmen style homes with hand carved adornments and stained glass accents in the windows, have it burn down, and get some disgusting mcmansion "garage in front with house attached behind" replacement
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Feb 19, 2023 23:27
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In the dark future of America, ALL rentals are short term rentals. Your lease is week by week, $500/wk to be paid every Monday
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Feb 24, 2023 16:46
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Pittsburgh Fentanyl Cloud posted:i'm pretty sure this is actually how rent is or was done in the UK? Surely they still sign yearlong leases though? There was a time in my life where a month-to-month lease that wasn't way more expensive per month than a year lease would have been nice (working only a few months in a different state) but I'd probably say turning everyone's renting situation into a rolling airbnb would probably be worse. The short-term rental situation for folks who actually need short-term rentals is pretty dire, I lived out of a hotel for 2 months which sucked and was way more expensive than it ought to have been (still cheaper than every other option though).
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Feb 24, 2023 17:12
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Pittsburgh Fentanyl Cloud posted:https://news.yahoo.com/average-rent-london-extreme-553-per-week-092213427.html that sounds like something you'd do living in a blade runner pod apartment
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Feb 24, 2023 17:17
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i imagine having two walls and an alley between houses does wonders for not annoying each other with loud music or house parties or barking dogs, seems like a fine tradeoff imo
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Apr 10, 2023 18:59
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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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IME a house built in the 60's (provided it was updated and isn't running ancient furnace/electrical) aren't too bad on maintenance because everything that could go wrong already has and they're made with rock solid materials. Meanwhile stick built mcmansions have a billion corners cut that fail first inspection and start cracking apart as they settle My biggest complaint on old houses are the weird bathroom layouts and lack of closet space since apparently people back then only wore three outfits and two pairs of shoes
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Jul 7, 2023 16:17
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i say swears online posted:check this access bridge i can smell the mothball grandma cigarette wood through the monitor and the semi trucks driving 20 ft from your window and the gas station that surely is across the street
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Jul 13, 2023 17:13
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pwned myself, house has been humid and miserable the past week and, after crawling around in the attic fixing ductwork and spraying expanding foam in every wall/roof hole that cable guys have drilled since the 60's and weather sealing the attic hatch, i broke down and bought a dehumidifier so we can finally sleep at night turns out a window had been cracked open the whole time behind the blinds leaking jungle air into the house for weeks. immediately fixed the humidity (or significantly mitigated it at least). somehow no bats came in though thankfully
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Jul 20, 2023 15:10
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ArmZ posted:lmfao when people talk about "maybe we dont need to ship hundreds of thousands of tons of injection molded plastic across the ocean to fill up dollar generals with" theyre talking about this person's sense of interior decorating
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Aug 4, 2023 16:21
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Failson posted:Just lol that tiny homes are over $100K now. Related but separate from the shoebox shacks built decades ago, it's insane that you can go to any prefab home website where you can buy some 1,000 sq ft house where all components come preassembled from a factory and you basically build it like legos after pouring a slab and think "aw gee these look nice, and they're small, maybe I can afford it!" and then you see "floor plans starting at $400,000, only available in California"
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Aug 17, 2023 19:06
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| # ¿ May 12, 2024 13:37 |
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Pittsburgh Fentanyl Cloud posted:I live in a normal house, not a cave https://www.youtube.com/watch?v=O5yOvsl0ftQ
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Apr 6, 2024 01:52
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