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bvj191jgl7bBsqF5m posted:Something tells me that people who live in rural Ontario sort of overplayed their hand and all of the people who bought little shacks at 1 million hoping to sell for 3 million are about to get owned Good. I'm not sure what the bigger contributor to housing inflation is, AirBNBs, or gigantic investment firms like Blackrock or Predatory Real Estate companies like Redfin. Anyway this could be fixed on a federal level by charging a vacancy tax of 100% on all non-primary residences in Urban areas. e: Also give HUD the entirety of the pentagon budget and change the KPI's to emphasize reducing homelessness at the expense of all else. ate shit on live tv has issued a correction as of 18:54 on Apr 22, 2022 |
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Apr 22, 2022 18:49
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I put 20% down on my home and I also bought a point off the loan so I'm at %2.75. My goal is to pay less in interest then I do principle over the life of the loan. Probably not the "ideal" setup, but it's not like there is a guaranteed way to get a >8% return on cash anyway.
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Apr 23, 2022 02:49
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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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BRAKE FOR MOOSE posted:I'm still dealing with the identity shock of being a lifelong marxist that graduated into the 2008 recession and that lived like I was totally broke for a decade regardless of how much I was making, to having the fortune to be able to buy a townhouse in early 2020 at 2.7% and watching the value skyrocket 25% If you were a marxist you should know that the only thing that matters is your relation to Capital. Are you now a landlord? Then yes, you are a lib. If you own your own home, congrats you have achieved the bare minimum that all citizens would have under socialism.
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Apr 24, 2022 19:18
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Gunshow Poophole posted:sorry i already did my time in the midwest 
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Apr 25, 2022 02:24
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Lastgirl posted:that story about the guy firing a gun outside his domicile to keep rent down around his neighborhood good for him. any liberal upset about guns that leaves is a net good for the neighborhood.
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Apr 25, 2022 03:18
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i say swears online posted:an acquaintance of mine is constantly talking about minimalism and letting go of belongings, but what it means in practice is that he just hires people to do laundry, dishes, yardwork, home repair, and then eats out all the time Reminds me of a person in Oakland who lives a "car free life" but just uber's everywhere, even places where the public transit system would take her.
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Apr 26, 2022 09:10
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bvj191jgl7bBsqF5m posted:https://twitter.com/paulisci/status/1518668443175636992?t=ygnLVOQXrppkUMQzNl7Bcw&s=19 ngl, owning a large social media platform where I can profess and enforce the immortal science of marxist-leninism is a fair trade over acquiring yet another property.
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Apr 26, 2022 09:18
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bawfuls posted:I think it technically means 65% of housing units are owner occupied That's way higher then I expected tbh.
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Apr 26, 2022 09:21
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CRUSTY MINGE posted:Oh, you can still own, but it's going to be the inside corner of the midwest's rear end in a top hat with extremely limited job options and definitely higher property taxes to prop up what little municipal facilities haven't been bought by some conglomerate of investors. I like chicago  Also all of those seem cool, but I'm addicted to Urban living now so they'd all be right out for me.
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Apr 26, 2022 09:26
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TheSlutPit posted:I’m not even trying to be a hater but I think it’s ironic that the trust fund kids and stemlords have turned into the archetypical class enemies of the millennial/zoomer online left but “guy who made a cool $500k just by owning property” is seen like wow, congrats, lucky you. That's not how class works. Read some theory, smh.
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Apr 26, 2022 09:28
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Deadly Ham Sandwich posted:How the hell is weed illegal in most of the Midwest? It's loving depressing rust belt all over. Most cities have steadily lost population for decades until recently. You need weed to stand that poo poo. Don't live in Houston,  I'm a 7th generation texan, and even I'd never live in houston, what is wrong with you!
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Apr 26, 2022 09:34
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Rip Testes posted:Airbnb going to full remote model globally - 'Compensation won't change for those Airbnb employees who choose to move. Starting in June, the company will have single pay tiers by country. ' More tech companies are doing this. The one I work at has been 100% remote from the beginning and afaik, there is no difference in comp regardless of where you live. So may as well choose a nice place with not "too" expensive housing, (I chose Chicago).
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May 1, 2022 00:12
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WaryWarren posted:gtfo gentrifier lol
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May 1, 2022 00:19
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i say swears online posted:the music scene is awful. live music is dead. i used to hang out in smoky bars when i was eighteen and listen to bands all the time College in Austin was cool as gently caress, but when I went back there maybe two years ago and all of the bars on 6th st and 4th street are just the old names, but none of the atmosphere that made them good if they even still exist at all. The Library doesn't even have books anymore. The Aquarium has one wall that is an aquarium. Maggie May's has no defining characteristics. Austin City Limits is gone and replaced with condo's. Pretty sure all of the houses/bars on Rainy street are condo's now. The Iconic drag is now indistinguishable from any suburban shopping street with the same starbucks/chase bank/panera combination as all the others.
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May 1, 2022 03:03
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euphronius posted:die at 90 with no money left and no house to bequeath lol Oh yea. All according to Keikaku. The houses will all have reverse mortgages on them and when the boomers die all they will have is medical debt.
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May 3, 2022 16:17
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im looking for land near the great lakes. its all very overpriced and people are starting to parcel out the 5k acre plots with lake frontage that they bought for like 50k back in the day to ~1acre lots for houses that they are selling for 500k each :/
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May 3, 2022 17:34
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euphronius posted:
If you have to buy a house when interest rates are high or climbing, then ARMs can make sense with the idea that you would refinance to a fixed rate when interest rates lower. ARMs will typically have a lower initial interest rate then a fixed rate at the time and that allows you to put more money toward the principal potentially saving a ton of money in the long run. Doubly so if you do a 15year ARM, then refinance after like 3 years.
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May 5, 2022 20:45
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Ornery and Hornery posted:I would like housing prices to go down in places that I actually want to live, rather than Duvall or Gig Harbor 100% federal vacancy tax ramping up for each additional housing unit that is not lived in by the owning entity. 1 primary residence + 1 empty "investment" property = 100% vacancy tax pro-rated weekly 1 residence + 10 investment houses = 10000% vacancy tax, per empty unit. So blackrocks weekly tax owed would be somewhere around 70 quintillion dollars, and when they couldn't pay it, HUD would repossess houses at fair market value until the bill was paid. Simple. ate shit on live tv has issued a correction as of 20:52 on May 5, 2022 |
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May 5, 2022 20:49
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Fozzy The Bear posted:...what happens if the value of your house goes down between the time you buy a house with an ARM, and the time you want to refinance... Yea that sucks, but even with a fixed rate mortgage if the value tanks, you are just SoL. With an ARM, if the value tanks AND inflation drops, then maybe you won't be paying as much in interest.
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May 6, 2022 18:12
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Pittsburgh Fentanyl Cloud posted:How are you poo poo outta luck with a fixed rate mortgage if the value tanks? You live in the place and that alone has inherent value. I mean sure, but if you have a ARM, you can't refinance it to a fixed rate so you may end up paying like 60%+ in interest payments over the life of the loan. But yes, you would still be able to live in the house, the only purpose for a house anyway. In 2008 the people who needed to walk away were the idiots who bought interest only mortages and then "owned" like 5 houses for the intended purpose of selling them all for like 50-200% more then the initial mortgage was for. Of course those people were the ones who enabled the bubble to begin with so gently caress them.
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May 7, 2022 01:21
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bawfuls posted:A lot of this costal erosion is a result of typically shortsighted capital-driven costal management. Things like homeowners building seawalls to protect their property from storm surge which leads to faster erosion, or dams on rivers preventing silt from replenishing coastal sand, or jetties preventing that sand from being spread along the coast away from rivermouths. Hawaii, Maui is a test case of this. Hawaii for 1000's of years had some of the best beaches in the world, dumbass developers came in, created private beaches with seawalls etc to section off parts of it for exclusive resorts, and now Hawaii has to import some sickening amount of sand every year from Australia, otherwise the beach will erode to nothing. Of course the democrats of the state blame climate change (which obviously is real, but isn't the primary cuase of the erosion), it's the lovely shore-line management that has been enabled by wanton policies to allow Hilton et al to build on the beach, instead of offset sufficiently to prevent shore errosion. https://www.hawaii.edu/news/2018/12/10/failure-to-protect-beaches-rising-sea-level/ ate shit on live tv has issued a correction as of 03:11 on May 11, 2022 |
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May 11, 2022 03:03
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H.P. Hovercraft posted:we spent $27k on a new air conditioner (and ducts) last summer, it took a solid week to install, they had to use a crane it was cool as hell My home is a townhouse so in order to do new ducting we would have to rip out all the ceilings and many of the walls, assuming we could even find someone that would do it. So I'll just have to live with lovely air-circulation until we eventually move :/
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May 12, 2022 20:16
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euphronius posted:just get ductless that is inefficient compared to central HVAC if you have more then 2 rooms, or multiple floors and a lack of exterior walls/interior rooms. Unless ductless is something different then I'm thinking. ate shit on live tv has issued a correction as of 20:50 on May 12, 2022 |
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May 12, 2022 20:44
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euphronius posted:I mean compared to not getting anything it seems fine ? Yea my situation isn't ideal. But I don't want to have additional HVAC systems. I already have a two-zone house because it's a vertically oriented house. If I were doing it from scratch, I'd probably consider a multizone ductless system instead.
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May 12, 2022 21:47
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TheSlutPit posted:lol I genuinely hope all the techlords who bought houses on RSUs-as-income get burned. Except for my one friend who lucked into a non-technical amazon job, bought a house in white center last year, and just had a kid :/ The people who cashed out RSU's won't get burned since they already got their wealth and any additional value the house they bought has beyond a living space is just a bonus. Also what do you envision it means for "high-earners" getting burned and if they are getting burned how are you not being hunted for food at the same time?
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May 14, 2022 04:12
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TheSlutPit posted:It’s common in Seattle. Most of the faang types get paid like 100-150k a year in cash, but for the real money people the difference is made up in free stock. The cash salary isnt enough to buy a house but you can report stock vests as income so you get mortgages upwards of $1M backed by future stock earnings. This is true. But if you are getting a mortage that your salary can't pay, you are just an idiot. 150k/yr salary can absolutely afford a 4k/mo 30yr mortage (~800k). The RSU's just lets you afford the down payment.
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May 14, 2022 04:15
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TheSlutPit posted:That’s right, but lol if you think people are buying 800k homes when their 2021 W2 says 300k. I bought a 600k home and used my ESPP for the down payment.
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May 14, 2022 04:30
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H.P. Hovercraft posted:"lower" and "upper" middle class are fake ideas fyi 
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May 15, 2022 04:28
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Salt Fish posted:There are 400 people in the US who are worth more than $2.9bn. If these people make 5% of their net worth each year that would be 125 million in passive income. This means that the person making 20k is earning 0.00016x their salary and the person making 150k is making 0.0012x their salary. Those fuckers making 150k. They are the real problem! Not me, I am morally pure because society has deemed to pay me 20k/yr and I don't hate my employer, I say "thank you for your service."
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May 15, 2022 04:32
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i say swears online posted:i'm not saying every high earner is elon musk wealthy, i'm saying it's easy to avoid lifestyle creep and not doordash every meal. wsj regularly publishes "i make 500k and i barely get by" budget breakdown articles and they're essentially just trolling for engagement Those are click-bait aritcles taht have nothing to do with real people or real economic circumstances.
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May 15, 2022 04:33
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WaryWarren posted:I make half of 150k and live in the "sketchy" part of my city, because 1) I'm not sheltered 2) it's safe just a little old and worn down 3) not racist unlike the spoiled whites that work at Mayo 4) I grew up alternately between middle class and in public housing. So, I'm used to different people and living with not much. You are so virtuous and I'm glad you made sure to tell us you weren't racist.
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May 15, 2022 04:34
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mark immune posted:if your place is larger than this or if you have more furniture than this, u might be a 1%er Wat the gently caress? TWO LAPTOPS? Geez, straight to the guillotine with you. I bet you are a gentrifying rear end in a top hat, even having a camera to take a picture of your palatial living arrangement.
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May 15, 2022 04:37
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WaryWarren posted:better than being a racist in the chicago thread, cock. Calling out racist assumptions wrt housing and gentrification isn't being racist, sweetie 
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May 15, 2022 04:54
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TheSlutPit posted:There’s nothing wrong with making $150k, but for many ppl it’s roughly the income level where you start being able to convert surplus cash into passive income. I actually have less of a problem with the $150k guy who’s goin nuts and spending all their money and having fun vs the guy trying to leverage it into landlording or real estate speculation. This is a good take. Passive income is an insidious ideal that is pushed at all income levels without any analysis or reflection on how a society could exist with everyone being a landlord.
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May 15, 2022 05:14
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Chef Boyardeez Nuts posted:Everyone Zillow your childhood home Whoa. They tore out the gardens and the old oak tree in the back yard is dead. 200k, when we moved out of it ~35 years ago my parents sold it for 60k.
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May 15, 2022 21:19
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This guy gets it. But why is this in the housing thread?
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May 15, 2022 21:56
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TheSlutPit posted:haha remember when that guy in NY used “the rent is too drat high” as a meme while running his farcical electoral bid? Crazy how much that would resonate with people if it hadn’t been presented as a joke for some reason. Oh well. Well he was a joke in other ways, but yea it was a solid slogan.
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May 17, 2022 04:58
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External Organs posted:Not even West Virginia is free of this bubble. How much land is in that lot? 250k would be a good deal if it were like 3000acres or something.
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May 17, 2022 18:41
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