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Message
re: This is what you get buying a DSLD home
Posted on 4/2/22 at 6:23 pm to SlowFlowPro
Posted on 4/2/22 at 6:23 pm to SlowFlowPro
quote:
Allow more dense housing in desirable areas.
quote:Well, that side effect is that the area becomes less desirable as undesirables move in to that denser housing.
But you have to accept the side effects of these plans, too
1
Posted on 4/2/22 at 6:25 pm to RTRinTampa
Section 8 is childs play.
Google "Low Income Housing Tax Credits" or LIHTC.
Google "Low Income Housing Tax Credits" or LIHTC.
Posted on 4/2/22 at 6:25 pm to SlowFlowPro
quote:
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.
Oh no I completely get you. I just mean that the free market is great and I’ll never think that we should embrace another path.
It’s just that the government and regulations have enabled this to happen. There’s a fine line between crony capitalism and capitalism at all costs. Both are bad.
Do I think hedge funds should be buying up large swaths of available homes and pricing families out of the market? No.
Do I think there should be laws against black rock buying homes? No.
I don’t know what the happy medium is without making laws and regulations to stop it.
Posted on 4/2/22 at 6:27 pm to Jake88
quote:
Well, that side effect is that the area becomes less desirable as undesirables move in to that denser housing.
This is like the good/fast/cheap paradigm.
Posted on 4/2/22 at 6:28 pm to stout
quote:
Google "Low Income Housing Tax Credits" or LIHTC.
Yep. Those are fricking up neighborhoods everywhere. The developers are pieces of shite too.
We had one proposed across the street from me a few years ago and the CEO of the company was a little bitch.
He would not look me in the eye and finally admitted that he lived nowhere near any of their shithole developments.
Thankfully the city changed the rules for building on flood plains making my hood uneconomical for these things.
Posted on 4/2/22 at 6:30 pm to 3nOut
My wife owns a portion of 1280 acres in Odessa. Companies like DR Horton or Blackrock can afford to purchase a few hundred of it to develop. But how many other developers have access to that much capital?
It's interesting to watch it play out. They are exploring selling all or portions of the two sections and who is and isn't interested is telling.
It's interesting to watch it play out. They are exploring selling all or portions of the two sections and who is and isn't interested is telling.
This post was edited on 4/2/22 at 6:33 pm
Posted on 4/2/22 at 6:31 pm to Centinel
quote:
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.
If I can get half decent internet service through Starlink I'd be perfectly fine with living out in the woods.
Posted on 4/2/22 at 6:33 pm to jclem11
quote:
Yep. Those are fricking up neighborhoods everywhere.
It's free money for developers.
It can account for roughly 70% of funding for new developments.
One development here in LC after Rita got LIHTC for the homes and FEMA road home money for the site development. That means their only out-of-pocket cost was the land acquisition.
Posted on 4/2/22 at 6:33 pm to SlowFlowPro
I see better your context now.
Posted on 4/2/22 at 6:34 pm to fallguy_1978
quote:
If I can get half decent internet service through Starlink I'd be perfectly fine with living out in the woods.
I know I've said this to you before, but that's the wife and I's exactly plan.
I've already been giving the OK to work remote permanently from wherever. She's actively looking for the same opportunity.
Once she gets that job, you'll never see me near a major population center outside of vacations again.
Posted on 4/2/22 at 6:36 pm to stout
Yea but the economics still didn’t make sense to me on the development near me.
Managing large MF blocks are generally money pits when factoring insurance, taxes, and maintenance costs.
Their debt service and taxes and insurance would eat up all their cash flow on the proposal I saw.
But I haven’t looked at her details of the programs in years so maybe they have changed.
Managing large MF blocks are generally money pits when factoring insurance, taxes, and maintenance costs.
Their debt service and taxes and insurance would eat up all their cash flow on the proposal I saw.
But I haven’t looked at her details of the programs in years so maybe they have changed.
Posted on 4/2/22 at 6:38 pm to baseballmind1212
Posted on 4/2/22 at 6:42 pm to BamaCoaster
quote:
I’ve posted before-ain’t scared
quote:
and a minors in African-American Studies and Sociology in 2008
Come on, Reg. With minors like that, it seems like you should be asking us if we want a grande at Starbucks.
Posted on 4/2/22 at 6:43 pm to stout
I don’t think our landfills can handle all these crappy houses that’ll have to be gutted and torn down over the next fifty years.
Anyone that has ever gutted a house knows what I am talking about. This is a climate issue. ;-)
I say that as a joke but it is kind of true if you think pollution is an issue.
Anyone that has ever gutted a house knows what I am talking about. This is a climate issue. ;-)
I say that as a joke but it is kind of true if you think pollution is an issue.
Posted on 4/2/22 at 6:46 pm to SlowFlowPro
quote:
Getting punished for doing the right thing.
Exactly. The bailout in 2009 should have gone through homeowners. The loan holders would have still been paid but the homeowners wouldn't have been held underwater.
Posted on 4/2/22 at 6:46 pm to stout
ON a side note, have you seen housing prices in fricking Iowa? THAT is insane.
RIP DiamondDog
RIP DiamondDog
Posted on 4/2/22 at 6:50 pm to BamaCoaster
quote:
I’ve posted before-ain’t scared
quote:
BamaCoaster
My Ninja!
I always say be the same person here as you are in public and you got nothing to hide.
98% of these cockmonkeys can't b/c this place is their dirty little get-away from wives, family, coworkers, church parish. They come here to be racist misogynistic fricktards without consequence.
This post was edited on 4/2/22 at 6:51 pm
Posted on 4/2/22 at 6:51 pm to SlowFlowPro
Iowa is the new Moss Bluff. Decent school, small town just outside of LC, no plants close by unlike Westlake and Sulphur, etc. LC can't go further South or West. All that's left in Moss Bluff to develope is flood zones and wetlands.
Watch what happens to Iowa when St Louis moves to Morganfield. That puts it at like a 10-minute drive from some parts of Iowa.
I think the whole area Northeast of the Burton is going to finally start blowing up too. Watch what happens to some of those pastures around there.
Watch what happens to Iowa when St Louis moves to Morganfield. That puts it at like a 10-minute drive from some parts of Iowa.
I think the whole area Northeast of the Burton is going to finally start blowing up too. Watch what happens to some of those pastures around there.
This post was edited on 4/2/22 at 6:53 pm
Posted on 4/2/22 at 6:52 pm to stout
quote:
Google "Low Income Housing Tax Credits" or LIHTC.
I'm familiar. Will the homes hedge funds are we buying in my area qualify? All are $300k and up with $2k and up rents.
Posted on 4/2/22 at 6:56 pm to RTRinTampa
quote:
Will the homes hedge funds are we buying in my area qualify? All are $300k and up with $2k and up rents.
They have a formula they have to follow
quote:
Owners or developers of projects receiving the LIHTC agree to meet an income test for tenants and a gross rent test. There are three ways to meet the income test:
At least 20 percent of the project’s units are occupied by tenants with an income of 50 percent or less of area median income adjusted for family size (AMI).
At least 40 percent of the units are occupied by tenants with an income of 60 percent or less of AMI.
At least 40 percent of the units are occupied by tenants with income averaging no more than 60 percent of AMI, and no units are occupied by tenants with income greater than 80 percent of AMI.
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