HoeBag · 46-50, F
Oh so that wasn't just me who thought that.
I have noticed that even these investors have been sending out less letters saying "We want to buy your house". Maybe even They have given up.
They keep talking about housing shortages but we know that is bull. I live in a major city and every time I turn around, they are building more apartment complexes and house. WHERE is this "shortage"?
Here is just one chart showing the differences between annual income and average home prices over about 40 years.
I have noticed that even these investors have been sending out less letters saying "We want to buy your house". Maybe even They have given up.
They keep talking about housing shortages but we know that is bull. I live in a major city and every time I turn around, they are building more apartment complexes and house. WHERE is this "shortage"?
Here is just one chart showing the differences between annual income and average home prices over about 40 years.
Mordechai · 31-35, M
@HoeBag One problem is people and companies, national and international are buying them to rent out, and the older buyers out compete the younger buyers in time and money, so it keeps inflating the prices and creating shortages.
Secondly, contractors would rather take on larger projects for more time/profit ratio so it's not as appealing. It's basically a crisis created by the private sector because there aren't any or enough limits and controls on who can have what, and by constantly appeasing the market the crisis worsens as it's pouring gasoline on a raging bonfire.
That's how I see it anyhow
Secondly, contractors would rather take on larger projects for more time/profit ratio so it's not as appealing. It's basically a crisis created by the private sector because there aren't any or enough limits and controls on who can have what, and by constantly appeasing the market the crisis worsens as it's pouring gasoline on a raging bonfire.
That's how I see it anyhow
HoeBag · 46-50, F
@Mordechai People dream of owning a house, but one advantage of renting is one is not responsible for major repairs, plus when the neighborhood eventually goes to cr4p (like they always do), it is easier and faster to up and move.
I know that is a bit off subject but anyways...
Thing is, rent or buy, these companies can charge only so much before no one would be able to afford it. Pricing themselves out of the market.
I know in our 30's we feel like we should be living up to this "american dream" but that just does not happen for too many of us. Even the ones who DO manage it will often see it fall apart.
Because of divorce, having one's job become obsolete, or the riff raff slowly takes over the neighborhood.
Yeah by age 30, we think we should have a massive financial portfolio, be a partner in the company, own several houses, etc. False dreams.
I know that is a bit off subject but anyways...
Thing is, rent or buy, these companies can charge only so much before no one would be able to afford it. Pricing themselves out of the market.
I know in our 30's we feel like we should be living up to this "american dream" but that just does not happen for too many of us. Even the ones who DO manage it will often see it fall apart.
Because of divorce, having one's job become obsolete, or the riff raff slowly takes over the neighborhood.
Yeah by age 30, we think we should have a massive financial portfolio, be a partner in the company, own several houses, etc. False dreams.
cherokeepatti · 61-69, F
Two of my neighbors sold their 3-bedroom brick home for incredibly low prices. Real estate prices are falling now according to some realtors. But the second guy sold his home for about what he paid for it 20 years ago. Almost half of what Zillow estimated it to be worth. The reason was that he got tired of finding mice and rattlesnakes inside of his home and wanted to move out to get away from that. The person who bought it had to pay someone to come in a remove the Sheetrock to capture the rattlesnakes that were nesting there and coming into the house. Also he and his wife were nasty hoarders. I walked past there one day about 12 years ago and it had a smell like when a garbage truck is nearly full and dumping trash…yikes.
Tastyfrzz · 61-69, M
Bouht my house back in 1987 for $74.9k and felt fortunate. Interest was 9.5%
Paid it off about 15 years ago. Thing is worth about $400k now. Has hardy siding and thick shingles. Windows and doors are all new.
Hope the furnace and AC hang in there. When I die it'll go to my kid.
Paid it off about 15 years ago. Thing is worth about $400k now. Has hardy siding and thick shingles. Windows and doors are all new.
Hope the furnace and AC hang in there. When I die it'll go to my kid.
HowtoDestroyAngels · 46-50, M