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#2
09-21-2021, 04:56 PM
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I really do hope there is a massive crash. People that invest in real estate do not deserve the security they have.
Evergreen took out a 300 billion dollar lone to invest in real estate. A 300 billion dollar loan. I hate for profit real estate all it does is cause collapses. | ||
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#3
09-21-2021, 09:04 PM
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#4
09-22-2021, 03:41 AM
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People want McMansions. Median, average (whatever) price has been driven up by the youngens wanting what they cant afford, and what the fakebooks et al tell them they need.
Not all houses are three quarters of a million dollars. Not all houses are 150k either. Im an old '65 model, i built a house for 102k + 1 year to do it @ 50k loss of earnings so 150k, modest house ¼ acre lots of work nearby. 3 cities within 50km. This will piss the youngens off. Payed cash for my house. The company i work for now, the owner told me it was the dumbest thing ive done. Should have leveraged this and negative geared that. I disagree. This is only Australia so probably doesnt count. YMMV. | ||
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#5
09-22-2021, 11:37 AM
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Good news everyone.
Existing-home sales dropped 2% to a seasonally-adjusted, annual rate of 5.88 million in August, the National Association of Realtors said Wednesday. Compared with August 2020, home sales were down 1.5%. “Although there was a decline in home purchases, potential buyers are out and about searching, but much more measured about their financial limits, and simply waiting for more inventory,” Lawrence Yun, chief economist for the National Association of Realtors, said in the report. The good news for would-be buyers is that the inventory of homes for sale is improving. Since the low reached in the winter, inventory has risen roughly 16%, according to an analysis from Ian Shepherdson, chief economist at Pantheon Macroeconomics. At the same time, price appreciation has slowed, with home prices now rising by less than 1%, according to Shepherdson’s calculations, rather than more than 2% per month at the market’s peak. “These trends are likely to continue, as sellers realize that the window for cashing-in at the best prices appears to be closing,” Shepherdson wrote. | ||
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#6
09-22-2021, 12:00 PM
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The eviction moratorium was pretty much what everyone thought. Reports here in Las Vegas are that people just didn't pay rent for a year because they didn't have to. And now that the moratorium is up, instead of staying where they are and going through this whole government assistance program that we have heard politicians tout as necessary because these poor people couldn't pay rent due to coronovirus, they are just moving out and leaving landlords to pay for everything for the past year. The next breaking story will be when we discover that sending checks to people to do nothing makes them sit at home instead of go look for a job. Then the breaking story after that will be having a population that doesn't produce any GDP turns out to be bad and just printing money may not be the solution.
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#7
09-22-2021, 12:57 PM
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He went bankrupt and lost his business. Now the city took it over as $600/week low-income housing. 🇺🇲 | |||
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#8
09-22-2021, 02:14 PM
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I remember politicians like AOC seem to think that landlords are like evil money-grabbing sociopaths, and she just doesn’t seem to understand or care that landlords need rent payments from their tenants to stay in business themselves, and to keep their staff employed. AOC probably doesn’t realize that in my state in the southwest almost all apartment maintenance crews are Hispanic workers. Fuck all them right? Yeah let’s get them all laid off because AOC thinks their boss is fucking evil, because she’s a dumb bartender I go into a lot of apartments in my job, ones that range from HUD/Section 8 ghettos to some of the nicest luxury $3000+/mo ones. I mostly go into poor apartments. I’ve seen the entire gamut of landlords, and just like any job in the USA, there are more good ones than bad ones. I’ve seen landlords that even before covid would let people stay after they’ve missed a payment. I’ve seen landlords work with people on taking whatever payment they can and rolling overdue payments into the next month. No landlord is just going to offer this, a person has to come to their office and ask for help, and then what helps them make a case for their situation is a history of reliability and no past issues I’ve also seen the flip side, where a landlord will post an eviction notice after usually a couple missed payments. This still has to go to court; a lot of people misunderstand how evictions work and think a landlord can just change the locks or tell the police to trespass someone who has an established history of living there off the premises….nope. Police might ask the person to show them proof of residency such as a letter/bill for rent, and if they do, police tell the landlord to take them to court and then police fuck right off The worst I ever saw was HUD housing where the landlord was completely MIA, and the apartment had like 3 kids inside where the mom showed us huge black mold sections in the kitchen and bathrooms under the sinks from damaged walls/plumbing. So yea terrible landlords exist too, but not to the degree AOC thinks they do. And even if the landlord is terrible, that doesn’t mean their staff is always terrible | |||
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Last edited by unsunghero; 09-22-2021 at 02:22 PM..
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#10
09-22-2021, 01:12 PM
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Go Go mitch mcconnell! | |||
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