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Started By
Message
This is what you get buying a DSLD home
Posted on 4/2/22 at 3:26 pm
Posted on 4/2/22 at 3:26 pm
I went to inspect one for a client of mine today, and out of tons of issues that I noticed, this really just sums up how bad these homes are.
It looks like they tried a half-arse repair that didn't hold.
Their concrete finishers have apparently never thought about vibrating their corners as I noticed other homes in the neighborhood had patches but none as bad as this.
The client is a hedge fund that buys these for rentals so I am sure they won't care and it's too late anyway since they already bought it in a package deal with a dozen other properties but I would hate to see individuals get stuck with this crap.
I also want to know how the city and parish inspectors sign off on this crap.
FYI, This home was on the market for $275K at one point. It is now for rent for $2500 I think.
It looks like they tried a half-arse repair that didn't hold.
Their concrete finishers have apparently never thought about vibrating their corners as I noticed other homes in the neighborhood had patches but none as bad as this.
The client is a hedge fund that buys these for rentals so I am sure they won't care and it's too late anyway since they already bought it in a package deal with a dozen other properties but I would hate to see individuals get stuck with this crap.
I also want to know how the city and parish inspectors sign off on this crap.
FYI, This home was on the market for $275K at one point. It is now for rent for $2500 I think.
27
Posted on 4/2/22 at 3:29 pm to stout
I have a relative who worked for DR. The amount of shoddy work they saw was unbelievable. I'll NEVER buy a DR built house.
Posted on 4/2/22 at 3:30 pm to stout
quote:
The client is a hedge fund
I am free market but find that disturbing
Posted on 4/2/22 at 3:30 pm to stout
DSLD homes Level, DR Horton, All of them are terrible starter homes. You pay $250k+ for a home hopefully for 5 years before getting a forever home, hoping that the value will go up just to find out that the newer homes by these companies are still selling for the same price but newer so you can never get any money back as a buyer
Rental is different
Rental is different
This post was edited on 4/2/22 at 3:31 pm
Posted on 4/2/22 at 3:31 pm to stout
That's some impressive pointing work on that brick. Truly the mark of a master mason.
Posted on 4/2/22 at 3:31 pm to thelawnwranglers
quote:
but find that disturbing
There's no stopping it and it's only going to get worse.
In 2 or 3 years, once pandemic-induced foreclosures make their way through the system, hedge funds will be snatching those up in bulk too.
Posted on 4/2/22 at 3:32 pm to Centinel
quote:
That's some impressive pointing work on that brick. Truly the mark of a master mason.
No doubt one of the best brick masons in the state
Posted on 4/2/22 at 3:33 pm to thelawnwranglers
quote:
I am free market but find that disturbing
I agree. I think there is just too much money out there.
Posted on 4/2/22 at 3:38 pm to thelawnwranglers
quote:
I am free market but find that disturbing
Real estate is one of the absolute best purchases in an inflationary environment.
That's why these groups are hoovering up real estate left and right.
And as another poster said, it's only going to get worse as inflation continues to climb.
Posted on 4/2/22 at 3:39 pm to stout
Thanks for contributing to the housing crisis by catering to your hedge fund masters. I hope they eventually loose their asses.
Posted on 4/2/22 at 3:41 pm to stout
Is that slab conventional reinforcement or Post-Tensioned?
I’d assume in a local DSLD neighborhood over in your neck of the woods?
It looks like the gravel on the grass just leaked out of the void in the slab…
Posted on 4/2/22 at 3:41 pm to chryso
quote:
I think there is just too much recently printed money out there.
FIFY
Posted on 4/2/22 at 3:43 pm to stout
My DSLD home just withstood a Cat 4 hurricane without even losing a shingle, while we watched a custom built home lose its entire roof across the street.
Posted on 4/2/22 at 3:43 pm to RTRinTampa
quote:
Thanks for contributing to the housing crisis by catering to your hedge fund masters.
You're welcome. They are going to hire someone to do it so I might as well take their money.
FYI, its a small but growing part of my business. I mostly manage foreclosure inventory for large banks and mortgage lenders in multiple states. I figured I would jump in with hedge funds since that is the future of my business as I suspect many foreclosures will be snatched up by the hedge funds as quickly as possible. My subs all need to make a living so we have to stay ahead of the trends.
Posted on 4/2/22 at 3:46 pm to soccerfüt
They are all conventional slabs in this neighborhood. I am not sure DSLD subs would know how to properly pour a post-tension.
Posted on 4/2/22 at 3:46 pm to stout
As a construction guy, I’ll gladly rebuild/repair all these homes (although I have never currently worked in residential)
Posted on 4/2/22 at 4:14 pm to stout
How did that pass inspection and get a CO? I’d call the city.
Posted on 4/2/22 at 4:16 pm to stout
quote:
stout
Doing your part to contribute to the great reset.
To other rightfully concerned posters, I think city councils will eventually have to get involved and insist no permits issued for developments for rentals. All sales have to be primary/secondary. These hedge funds are erasing the main vessel for wealth creation in this country.
Posted on 4/2/22 at 4:16 pm to stout
If you’re stupid enough to buy one of these houses, you deserve it.
Posted on 4/2/22 at 4:16 pm to stout
quote:
There's no stopping it and it's only going to get worse. In 2 or 3 years, once pandemic-induced foreclosures make their way through the system, hedge funds will be snatching those up in bulk too.
Amherst & BlackRock aren’t fricking around.
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