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re: This is what you get buying a DSLD home
Posted on 4/2/22 at 6:02 pm to stout
Posted on 4/2/22 at 6:02 pm to stout
quote:
Plus, the definition of a starter home has drastically changed. the first-time homebuyers of today want a newer turn-key house with the latest and greatest right out of the gate. Hardly anyone is willing to buy an older house and put in sweat equity anymore. That has really changed from just 15-20 years ago.
Yes.
The difference in homes in even so-so areas and good areas is legit crazy. Homes that need some work in so-so areas are super affordable.
Nice "starter" homes that are 3/2 with luxury furnishings in desirable areas are expensive as shite.
0
Posted on 4/2/22 at 6:04 pm to Xenocide
quote:
So I am and when you see this and remember that we had to make laws to stop the free market from exploiting children, we need to put more thought into capitalism.
Because socialism and communism have been such bastions of non-exploitation.
Posted on 4/2/22 at 6:05 pm to Earnest_P
quote:
Does anybody have anything optimistic to say about any of this?
You'll own nothing and you'll like it?
Posted on 4/2/22 at 6:06 pm to mikelbr
quote:do you live in somalia?
We paid $206k for our 3br/2ba Home in 2019
Posted on 4/2/22 at 6:06 pm to Xenocide
quote:
we had to make laws to stop the free market from exploiting children, we need to put more thought into capitalism.
These issues are 100% caused by free market manipulation by governments, both large and small.
"On closer scrutiny, it turns out that many of today's problems are a result of yesterday's solutions."
- Thomas Sowell
Posted on 4/2/22 at 6:09 pm to GreatLakesTiger24
quote:
do you live in somalia?
There is a 3/2 (1345 sf) that's decent near me for $169k. Was originally 189 but they've reduced it.
It's not super nice but it's fine and isn't in a bad area (schools may be a problem, though).
Posted on 4/2/22 at 6:10 pm to stout
Bitch all you want about your blue collar knowledge. The market dictates shite, not you. Just sold my DR Horton home in Austin for $700k.
Posted on 4/2/22 at 6:10 pm to SlowFlowPro
quote:
These issues are 100% caused by free market manipulation by governments, both large and small.
I mean people really don't think BlackRock and others like them are doing this because they're just super-savy businessmen do they?
They paid lots of money for Congressmen to craft legislation favorable to them, just like all the major corporations.
It's the American way.
Posted on 4/2/22 at 6:12 pm to SlowFlowPro
quote:
These issues are 100% caused by free market manipulation by governments, both large and small.
Capitalism gets blamed for chrony capitalism’s ills a lot.
Posted on 4/2/22 at 6:12 pm to stout
quote:
FYI, This home was on the market for $275K at one point. It is now for rent for $2500 I think.
That thing will collapse or be a Section 8 crack den well before the 242 months necessary to make their money back. If Black Rock is making those kinds of deals, no need to worry about the end of the American dream of home ownership. They'll go belly up and their housing stock will be unloading at fire sale prices.
Posted on 4/2/22 at 6:16 pm to Jim Rockford
quote:
well before the 242 months necessary to make their money back.
$275K / $2500 is 110 months
BR has $10 trillion under management.
However, you do sort of have a point. Zillow lost $881 million with their failed venture into home buying.
Posted on 4/2/22 at 6:17 pm to 3nOut
quote:
I mean people really don't think BlackRock and others like them are doing this because they're just super-savy businessmen do they?
They paid lots of money for Congressmen to craft legislation favorable to them, just like all the major corporations.
It's the American way.
quote:
Capitalism gets blamed for chrony capitalism’s ills a lot.
I'm responding to both of you b/c it's not even that active/sinister.
These companies are just adapting to the behaviors of various governments that have affected markets to make these smart investments.
My larger point is that the same people on their fricking high horse right now typically LOVE those regulations.
Posted on 4/2/22 at 6:17 pm to SlowFlowPro
quote:
These issues are 100% caused by free market manipulation by governments, both large and small.
"On closer scrutiny, it turns out that many of today's problems
And these same hedge funds will get bailed out by our corrupt government, that created the problem, when this all goes south.
Posted on 4/2/22 at 6:18 pm to GreatLakesTiger24
quote:
do you live in somalia?
Gonzales. Our house would sell for $250 now. My point is we paid $206 3 years ago and it's still in great shape. People who shite on these homes have some weird misguided ax to grind.
There are contractor issues with ANY builder. They don't use the same contractor on every development. Boggles my brain the geniuses of the OT don't get that.
Stout you could come to my hood and I'd bet your $20 you wouldn't find that kind of foundation issue on a single home in over 100 homes built between 2017 and 2019.
Come on down to Gonzales and gimme your money, bitch you.
This post was edited on 4/2/22 at 6:18 pm
Posted on 4/2/22 at 6:18 pm to Jim Rockford
quote:
That thing will collapse or be a Section 8 crack den well before the 242 months necessary to make their money back.
Section 8 is the entire point. It's guaranteed income. And with progressives pushing hard to move section 8 out in to the white suburbs, BlackRock is just making a sound financial decision based on the prevailing political winds.
ETA: North Baton Rouge, Southside Chicago, Bay Area Baltimore.....coming soon to a suburb near YOU!
This post was edited on 4/2/22 at 6:21 pm
Posted on 4/2/22 at 6:19 pm to RTRinTampa
quote:
And these same hedge funds will get bailed out by our corrupt government,
Another major reason why these companies know these investments are safe. We all know after 2009 that government will step in to protect home pricing. Those "solutions" are STILL fricking up the market almost 15 years later.
Posted on 4/2/22 at 6:21 pm to Centinel
quote:
I mean people really don't think BlackRock and others like them are doing this because they're just super-savy businessmen do they?
They paid lots of money for Congressmen to craft legislation favorable to them, just like all the major corporations.
It's the American way
And, they'll expect Congress to bail them out, at our expense, when it all goes south.
Posted on 4/2/22 at 6:21 pm to SlowFlowPro
quote:
Those "solutions" are STILL fricking up the market almost 15 years later.
You know that when the first big wave of CV19 related foreclosures comes rolling in, the Government will introduce 100 different programs to curb it from happening which will further manipulate the market.
This post was edited on 4/2/22 at 6:23 pm
Posted on 4/2/22 at 6:23 pm to Jim Rockford
I think a lot of them are actually banking on Section 8 stepping in.
Posted on 4/2/22 at 6:23 pm to stout
quote:
You know that when the first big wave of CV19 related foreclosures comes rolling in, the Government will introduce 100 different programs to curb it from happening which will further manipulate the market.
Right when I've finally timed my wait to get into home ownership. CAN'T WAIT.
Getting punished for doing the right thing.
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