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Started By
Message
re: Homebuilders cancelling contracts to sell for more on market
Posted on 3/28/22 at 1:55 pm to Hou_Lawyer
Posted on 3/28/22 at 1:55 pm to Hou_Lawyer
quote:
I had to sue recently on this exact issue. Do not take it lying down.
How did it go? What can you share?
1
Posted on 3/28/22 at 1:56 pm to RougeDawg
quote:
Most on the OT buy their houses with cash.
I think I'm going to build one more house, final resting place if you will, I intend to pay cash for it, maybe even build it myself, only thing that would make me consider financing is if mortgage rates were less than 2%, even then I wouldn't go more than 15 years
Posted on 3/28/22 at 1:58 pm to msutiger
An adjunct to this is that FEMA is “readjusting” premiums to any territory that floods.
While needed, I’ve been hearing stories of rates jacked up from 500/yr to 7000/yr for a property. That tells me that FEMA is getting in on squeezing the supply.
While needed, I’ve been hearing stories of rates jacked up from 500/yr to 7000/yr for a property. That tells me that FEMA is getting in on squeezing the supply.
Posted on 3/28/22 at 1:58 pm to Eighteen
quote:You think?
“American dream” is going to be a tough sell for an entire generation of young adults at this point, not good long term. We need them optimistic and driven and not angry, frustrated and spinning their wheels
Scruffy was shite on by a bunch of people on here by pointing out the absolute absurdity of the current economy and how nearly all of life is becoming unaffordable.
This shite is insane.
The “American Dream” isn’t affordable anymore.
This post was edited on 3/28/22 at 2:00 pm
Posted on 3/28/22 at 2:00 pm to msutiger
quote:
It isn’t a bubble. It’s the federal reserve
The wealthy are able to borrow money at less, and invest money at more, than the rest of us. It's been like that as long as money was available to borrow and invest.
The wealthy used to understand that in order to not get their heads cut off, they needed to throw out a few crumbs, and they needed to stay out of certain areas of American life. Some things - like middle class homeownership - were too important to try to squeeze.
But now the third and fourth and fifth generations of wealth are here, they haven't worked a day in their life, they don't understand the social contract the rich have with everyone else, and they just want to do whatever they can to add another zero or two to their wealth.
Only way I see this stopping is... well... cutting off some heads again.
Posted on 3/28/22 at 2:01 pm to LSUFanHouston
I would burn that fricker down in the middle of the night.
Posted on 3/28/22 at 2:04 pm to LSUFanHouston
Let’s go Brandon!
Posted on 3/28/22 at 2:05 pm to LSUFanHouston
quote:
But now the third and fourth and fifth generations of wealth are here, they haven't worked a day in their life, they don't understand the social contract the rich have with everyone else, and they just want to do whatever they can to add another zero or two to their wealth.
Only way I see this stopping is... well... cutting off some heads again.
You know this mighty french revolution of you.
Firm believer in the horseshoe theory. It’s funny when you see things on tiger droppings that would make for a good post on /r/stupidpol
This post was edited on 3/28/22 at 3:43 pm
Posted on 3/28/22 at 2:06 pm to BZ504
quote:
Let’s go Brandon!
Keep it up. Keep letting them divide you among political lines. All the while, the elite increase their dominance over everyone else.
Blackrock has directors and investors from the right and the left...
Posted on 3/28/22 at 2:07 pm to LSUFanHouston
Eat the rich
Posted on 3/28/22 at 2:08 pm to RougeDawg
quote:
Most on the OT buy their houses with cash.
I built mine with these own two hands
Posted on 3/28/22 at 2:09 pm to Dire Wolf
quote:
It’s funny when you see things on tiger droppings that would make for a good post on /r/stupidpol
I don't do the reddit, what's that about?
Posted on 3/28/22 at 2:10 pm to LSUFanHouston
We wonder why kids are turning to socialism, and then our companies constantly do shite like this.
I've said it before and I say it again, the pressure to value short term gains over everything else (including just basic ethics/morals and customer relations) is crushing capitalism.
I've said it before and I say it again, the pressure to value short term gains over everything else (including just basic ethics/morals and customer relations) is crushing capitalism.
Posted on 3/28/22 at 2:11 pm to LSUFanHouston
quote:
Keep letting them divide you among political lines. All the while, the elite increase their dominance over everyone else.
It’s not a mistake that trans and gay shite is popping off in red and blue states
Republicans have the most winnable mid terms ever, instead of coasting into controlling congress they are tossing gas on a fire.
They want us fighting
quote:
I don't do the reddit, what's that about?
It’s a Marxist sub for people who hate identity politics
This post was edited on 3/28/22 at 2:13 pm
Posted on 3/28/22 at 2:11 pm to LSUFanHouston
quote:
How did it go? What can you share?
Contracted in early 2021 for new construction in the Heights - 750k. Supposed to be completed in August. It was about 90% done and they kept postponing the closing. No communication, etc.. Come to find out these frauds have done this in the past - take the deposit, sit on it, delay closing and hope the buyer won't fight back and lose deposit and eventually move on. Same house was on the market for 850k in Jan. 2022.
In the interim, had to find housing, short term storage etc and was in constant limbo since I could never get a hard date.
Sued them and found another place. Recently settled. Ended up finding out that the builder was advertising it under the table even though we still had a contract. We found out the builder entered into another contract while my lawsuit was pending. Unreal antics.
Posted on 3/28/22 at 2:11 pm to Scruffy
quote:Nope. Even the prices of apartments are getting beyond absurd -- just looked at 1 bedroom costs in Slidell of all places and they're approaching near $1400/month for a nice place. Combine that with absurd costs of new vehicles, health insurances, etc and its just not affordable anymore. Entry level workers are having to move in with multiple roommates just to stay afloat instead of being able to have an apartment and save money back to eventually get a home. This economy is ridiculous compared to what our parents/grandparents established themselves under in the 50s-00's.
The “American Dream” isn’t affordable anymore.
Posted on 3/28/22 at 2:12 pm to htran90
quote:
contractors are now just building whatever and selling it for 100k-200k more than they initially wanted.
At this point you'd do better just to buy your own lot and build your own house versus buying in a development.
Posted on 3/28/22 at 2:13 pm to teke184
quote:
I’ve been hearing stories of rates jacked up from 500/yr to 7000/yr for a property.
People that have to have it will be screwed as the people that had it and lived in "X" zones will drop it
Posted on 3/28/22 at 2:14 pm to LSUFanHouston
Contractor got the word that financial investment institutions are looking to purchase houses......
Posted on 3/28/22 at 2:15 pm to LSUFanHouston
quote:
Homebuilder is claiming they had no choice, need to sell for more money in order to cover higher than expected costs.
Yeah, no.
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