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re: Map of renters facing eviction by state
Posted on 7/30/20 at 10:40 am to SlowFlowPro
Posted on 7/30/20 at 10:40 am to SlowFlowPro
quote:
once the bubble pops and real estate deflates
when the frick is this actually supposed to happen. I live in a suburb of NOLA, an area with crap job prospects for most and a garbage economy. wages have been stagnant for decades and COL goes up every year
yet sooooomehow, my house was appraised at 40k over what I bought it for a year after I bought it. I paid 269k, houses that are similar size/construction in my hood are going for $315k+
I'm not being facetious, I legit do not understand how real estate prices have continued to rise
1
Posted on 7/30/20 at 10:41 am to stout
quote:
I am in the foreclosure servicing industry. I know it's not the same as renters but mortgage inspections, which always start when people are 60 days late to determine occupancy, have more than tripled from where we were before this started. Knowing what I know, and dealing with it on a daily basis, I don't find it hard to believe at all.
I sure hope so. I'd like to buy up some cheap property. Right now, it's so inflated it feels like everyone is ballin out there.
Posted on 7/30/20 at 10:45 am to HT713
quote:
yet sooooomehow, my house was appraised at 40k over what I bought it for a year after I bought it. I paid 269k, houses that are similar size/construction in my hood are going for $315k+
I'm not being facetious, I legit do not understand how real estate prices have continued to rise
low interest rates
economic bubbles
Nola has some non-interest inflationary/bubble effects, primarily short term rentals
these things have to be maintained by confidence. if you believe the price will go up in the future AND you can borrow relatively cheaply, then the market will reflect increasing prices. that psychology-cheap credit hybrid is behind all bubbles in human history. it pops once the faith in the inflation erodes
Posted on 7/30/20 at 10:51 am to SlowFlowPro
quote:
these things have to be maintained by confidence.
my only silver lining here I guess is that so many people are done with all the bullshite in orleans parish, they'll start moving out here out of necessity.
the house I bought, if it were 3 miles west of where it's located, would probably be going for 800k. And since you're a $10 uber from the city, you still get a chance to experience da cultcha on weekends, before you scurry back to honky town.
that's my wishful thinking at least
This post was edited on 7/30/20 at 10:52 am
Posted on 7/30/20 at 11:04 am to HT713
quote:
that's my wishful thinking at least
That's pretty capitalistic for a commie
Posted on 7/30/20 at 11:05 am to stout
Shutdowns have consequences.
Those of you advocating for shutdowns are responsible for this. GFY, you mindless lemmings.
Those of you advocating for shutdowns are responsible for this. GFY, you mindless lemmings.
Posted on 7/30/20 at 11:06 am to stout
quote:
That's pretty capitalistic for a commie
Posted on 7/30/20 at 11:11 am to stout
quote:
FYI it's not nearly as easy as you make it sound.
What isn’t?
Posted on 7/30/20 at 11:14 am to HT713
You should lead by example and live life as the socialist you desire us all to be
Posted on 7/30/20 at 11:17 am to Bjorn Cyborg
quote:
What isn’t?
The forbearance process and more specifically just adding the amount in arrears from forbearance to the back of the loan. The standard is if you are 3 months in forbearance then on month 4 your pay 4 months total at once. The banks are still paying on the money they borrowed to loan out so they want to be paid back quickly. Also, adding it to the back end of the loan involves more than just the bank saying OK. They typically need approval from whoever backed the loan like HUD, FHA, VA, etc. They take a lot of things into consideration before allowing it.
I am sure they will be more lenient right now but typically very few people in forbearance get that amount added to the back end as most are denied.
This post was edited on 7/30/20 at 11:19 am
Posted on 7/30/20 at 11:19 am to stout
quote:
You should lead by example and live life as the socialist you desire us all to be
you need to evict me from your mind, since that seems to be my primary place of residence
Posted on 7/30/20 at 11:19 am to HT713
God the left can't meme. 
Posted on 7/30/20 at 11:20 am to HT713
I can't recall ever following you around from thread to thread like a lost puppy dog. Too bad you can't say the same.
Posted on 7/30/20 at 11:20 am to HT713
quote:
my only silver lining here I guess is that so many people are done with all the bullshite in orleans parish
we are now on year 11 that nola real estate will go under according to this board
Posted on 7/30/20 at 11:24 am to stout
this is the only thread we're interacting in or have interacted in for the last several weeks, what are you even talking about
you're a legitimate weirdo, I can't imagine how creepy it must be for those poor old ladies to answer the door and have this wall-eyed, obese creep standing there with the eviction notice.
you're a legitimate weirdo, I can't imagine how creepy it must be for those poor old ladies to answer the door and have this wall-eyed, obese creep standing there with the eviction notice.
Posted on 7/30/20 at 11:30 am to HT713
calm down Commie.
Posted on 7/30/20 at 11:36 am to stout
Pawn shops gonna be busy
Posted on 7/30/20 at 11:37 am to HT713
quote:
this is the only thread we're interacting in or have interacted in for the last several weeks, what are you even talking about
I never interact with you unless you instigate it
quote:
I can't imagine how creepy it must be for those poor old ladies to answer the door and have this wall-eyed, obese creep standing there with the eviction notice.
I don't work in the field, dummy. I work from home running the company. Actually, I can work from anywhere with a phone and internet connection. It's pretty nice when travel isn't restricted.
This post was edited on 7/30/20 at 11:43 am
Posted on 7/30/20 at 11:37 am to HT713
quote:
the house I bought, if it were 3 miles west of where it's located, would probably be going for 800k.
I'm assuming you are around Bonnabel between Vet's and the lake. This area is insane right now with new construction and the average price of the homes being built is probably $500-600K.
Posted on 7/30/20 at 11:38 am to stout
More importantly is how many black folks are gonna be evicted.
It doesn’t matter about the other races because BLM
It doesn’t matter about the other races because BLM
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