Real Estate Crash thread

[fastfred]

Happy Monday bitches
Every body got smoke in their vagina like denver

Van life for the win

[byates1]

Yeah it's summer. Time to argue.

[North]

Tourist "vanlife" is pretty easy to pull off just about anywhere for <5 days. Full time in one spot is a whole different ballgame.

[rideit]

Yeah it's summer. Time to argue.

LOL, ain't that the truth! Next time you are here, pm me, and I'll tell you what I know about current conditions, they definitely have been changing.

[byates1]

^ I just parked in your yard last night you didn't notice!?

[easyrdr]

Listed our house for sale, 4 showings within first two hours. Two cash offers came in. House sold over asking no contingencies. From listing to under contract in 6 hours, closing in 10 days. Thank you COVID for jacking real estate to the stratosphere in my neck of the woods. Sorry to everyone trying to buy, the prices no longer make sense to me.

[muted reborn]

Listed our house for sale, 4 showings within first two hours. Two cash offers came in. House sold over asking no contingencies. From listing to under contract in 6 hours, closing in 10 days. Thank you COVID for jacking real estate to the stratosphere in my neck of the woods. Sorry to everyone trying to buy, the prices no longer make sense to me.

Didn't your well run dry last summer? Or was that someone else?

[byates1]

Same thing happened w my buddy, divorce, put the house up, bidding war, 50k over asking in a weekend.

No inspection, buyer covering appraisal gap. Her parents gifted them the down payment, plus the rapid appreciation of the house. Cha ching dude is walking away 100k plus in the black.

And now bitching about how expensive all the places he's looking at are. Such is life.

[easyrdr]

Didn't your well run dry last summer? Or was that someone else?

Nope that was me. We moved from Michigan to Colorado. The well ran dry in Colorado. Just sold the house in Michigan.

[mud]

Van life is just a stepping stone to getting established in a new town.
Within 30 days it's customary to move in with someone else's girlfriend while they are breaking up, ride that wave till she is sick of your bum ass and kicks you out after three months and then you spend the remaining two months of the season couch surfing and bathing in spring runoff. Then back in the van to a new town.

[byates1]

get a job hippie.

[fastfred]

Van life is just a stepping stone to getting established in a new town.
Within 30 days it's customary to move in with someone else's girlfriend while they are breaking up, ride that wave till she is sick of your bum ass and kicks you out after three months and then you spend the remaining two months of the season couch surfing and bathing in spring runoff. Then back in the van to a new town.

sounds plausible

it's not whether you have a girlfriend or not its your place in line

van life is doable you just gotta be smart about it
it's like picking up hookers at a truck stop just be smart

[mud]

I met this shy Asian guy who dated and then moved in with a cute girl and when they broke up he moved in with her Mom and started dating her. I was dating the older sister of the cute girl and was weighing how crazy she was thinking all of this is perfectly fine.

[byates1]

Drama. Sweet sweet drama.

[anotherVTskibum]

NYT look at Vienna's model for keeping real estate affordable (share link should bypass the paywall):
https://www.nytimes.com/2023/05/23/m...smid=url-share

My key takeaway from the author:
- by addressing demand rather than subsidizing supply side (ie vouchers), you avoid creating a subsidized cost spiral
- not means-testing after acceptance results in economic diversity within the public housing, which makes it politically acceptable to actually spend money on and socially acceptable to live there
- most US attempts at subsidized housing have been seriously handicapped by developers' political influence (OK, that's one's not surprising at all)

[muted reborn]

Yeah it's summer. Time to argue.

Your ignorance happens year round though, ha.

Nope that was me. We moved from Michigan to Colorado. The well ran dry in Colorado. Just sold the house in Michigan.

Ah, wondering if you were unloading the new waterless house because of no water.

[byates1]

^ chooses to live in the largest hellscape strip mall in the world.

[snapt]

Starter home hit the MLS in Poky, called realtor to ask to see it and by the time he heard back from the listing agent they’d accepted a crash offer over asking waiving inspection. On a house built in 1922. I guess things are still stupid.

[mcphee]

accepted a crash offer over asking

Goddamn right

[altasnob]

- not means-testing after acceptance results in economic diversity within the public housing, which makes it politically acceptable to actually spend money on and socially acceptable to live there

It only works if everyone buys in and nearly everyone is ok living in government housing for their entire life. Because anything not owned by the government becomes astronomically expensive, relative to the insanely cheap government housing. And you have to be ok with wealthy people refusing to move and taking advantage of cheap, subsidized, housing for life. I also wonder what happens when all the old rich people refuse to move. Can the government really come up with the money to build new housing for the next generation? They would need to be sufficiently nice to not turn into a ghetto but sufficiently shitty so people don't want to live there for life. From the article:

"Every few years, there is a debate about whether the affluent should be forced to give up their Gemeindebau leases — that is, whether the units should be means-tested. The face of this debate, for some, is Peter Pilz, a former member of Austria’s Green Party in Parliament. Pilz lives in Goethehof, one of the largest Gemeindebauten by the Danube River. He moved into a unit as a university student to live with his grandmother, who had been there since the building opened in 1932. Before she died, he took over her contract. (He was, one might say, grandmothered in.) Pilz was elected to Parliament in 1986 and eventually started making more than 8,000 euros a month.

Even in Vienna, Pilz’s tenancy raised eyebrows, making headlines in Austria’s conservative paper, Österreich, which claimed in 2012 that he was paying only 66.18 euros a month in rent. (Pilz says he was paying, including building costs, closer to 250 euros a month.) “Given that Pilz’s income is well over the usual tariff for social housing, it does look like we’re talking about social fraud here,” said the general secretary of the conservative Freedom Party of Austria."

[Conundrum]

What kind of van does Pilz camp in?

[fastfred]

What kind of van does Pilz camp in?

Benz

Does he smoke dope

Ski ride bikes hike and live stealth in a ski town?

Or is he a smart guy playing by the rules always making sound welk thought out decisions

Or is he high as a kite posting from a ten million dollar house thinking how good it'll feel to put spandex on a ride his mtn bike on trails out the front door

Life sucks

Do your best to not doosh it up

[altasnob]

Does he smoke dope

Shit. Does this dude smoke weed?

[TG]

Any pullout on the Idaho side of the pass. And pullout heading to alpine. The pullout out by the airport.
.

yeah.
I got a lime green cop hangtag wired to my rearview threatening an abandoned vehicle tag in one of those on-the-way-to-alpine pullouts because I was parked 9 hours *during the day* for a long ski tour.

the pullout by the airport?? you're high

[byates1]

I'm sober. Stayed there no prob.