Results 14,726 to 14,750 of 27066
Thread: Real Estate Crash thread
-
06-07-2021, 12:32 PM #14726Banned
- Join Date
- Oct 2003
- Location
- In Your Wife
- Posts
- 8,291
-
06-07-2021, 12:44 PM #14727Registered User
- Join Date
- Nov 2011
- Location
- Missoula
- Posts
- 412
-
06-07-2021, 12:47 PM #14728
Do you even have any reasoning to back up why we should be paying more? So we can be like all the unaffordable states that people leave to move here? #don'tNYCmyCObro
Maybe we should be addressing problems of unattainable and unsustainable home ownership instead of saying "let's be like Chicago."
Perhaps non-primary residences with STR permits should pay higher rates while primary residences should be protected from insane valuation increases.Originally Posted by blurred
-
06-07-2021, 12:51 PM #14729Hucked to flat once
- Join Date
- Oct 2005
- Location
- Idaho
- Posts
- 11,000
-
06-07-2021, 12:51 PM #14730
-
06-07-2021, 01:04 PM #14731Registered User
- Join Date
- Feb 2008
- Posts
- 2,732
-
06-07-2021, 01:06 PM #14732Registered User
- Join Date
- Jan 2010
- Location
- your vacation
- Posts
- 4,735
my property taxes have double in 20 years cause every feel good tax increase for recycling and every other bullshit thing gets passed
plus the valuation of the property keeps going up and up
it's still low compared to most places but at some point we will start to catch up to them they tax me so they can build community gardens for people to pretend they live at a low elevation where things actuall grow
the local gov't had a chance to deal with the STR problem 15 to 10 years ago but they just kicked the can down the road thinking it would all work out and so many people were making so much money they didn't want to rock the boat
now they are lableing it a CRISIS in summit cunty, its a joke like they never saw this coming????
-
06-07-2021, 01:18 PM #14733
-
06-07-2021, 01:34 PM #14734
That's horribly inapt comparison. "I'll give you a $500 tax rebate for having your property occupied by a local worker instead of STRing... or LTRing to a bay area remote tech worker." There is community benefit there if the local government believes money should be spent to increase housing availability to the local workforce.
If you get a $100 vehicle registration rebate to NOT use your car for ride-share, how does that help the community?Originally Posted by blurred
-
06-07-2021, 02:11 PM #14735
because it’s not one of the “rideshares” on the road adding to traffic?
You aren’t arguing the problem you are dickering in the mechanism to reduce it, in your case having str property owners subsidize non str property owners.
and it’d take a couple hundred bucks and an hour or two with a lawyer for that “Bay Area remote worker” to become a “local business owner” who doesn’t make much money locally , but is a local
-
06-07-2021, 03:06 PM #14736
Our waitresses and teachers and service industry workers don't HAVE TO LIVE IN TENTS. The children who are educated in the public school systems here go off to be admitted to some of the best universities in the country. Our police forces are well paid, professionally trained and much less corrupt than in so many places in third world and resort America. Our roads are regularly paved very well (road biker here, it's my summer powder). We have an extensive public transit system that radiates for miles and miles in every direction from Penn Station and Grand Central, and, sorry Jersey Transit, you suck, but, the rest is clean, well maintained and moves on a decent schedule.
If you don't want to pay for basic 21st century services that will keep our head above water compared to Asia, then stop bitching about taxes, or look the other way when all you have is a Walmart at the end of a potholed road and anybody who isn't a meth head or a felon or a junkie desperately wants to work there, because there ain't shit otherwise.
-
06-07-2021, 03:28 PM #14737Banned
- Join Date
- May 2007
- Location
- Sandy, Utah
- Posts
- 14,410
We bought "cheap" in 2019, foreclosure. Paid cash for renovations (about $90k). Total in $300k. Probably worth closer to $400k in current market. Mortgaged after Reno at $225k. Make low low low 6 figures (like just), 2 kids (13 and 9), 1 car payment (sub $300/mo), and a non working wife.
I will admit I suck at spending, I don't budget well. Smoke weed so that's an added expense. What I've noticed is the increase in literally everything. It's getting very hard to make it work with only my salary. It shouldn't be. I don't know how anyone making less that 6 figures, even combined can do it. I still consider myself living paycheck to paycheck. I have a retirement fund and 529s for the kids, but monthly spending is still tight each and every month.
Sent from my Pixel 4a (5G) using TGR Forums mobile app
-
06-07-2021, 03:33 PM #14738______
- Join Date
- Aug 2020
- Posts
- 1,218
-
06-07-2021, 03:37 PM #14739
-
06-07-2021, 04:20 PM #14740
I don't want to cunt up this thread with more drift about the realities of affordable housing, but your statement on deed restricted housing and assumption that someone here, maybe me???, qualifies as "you fucking assholes here who claim to be middle class but are prime guillotine fodder," just didn't sit right. So here's my response to your usual internet hot take - salty, as I've been sleeping poorly:
I'm confused on how deed restricted housing is worse than commuting? Do you enjoy the time on the Frying Pan and 82? Because I enjoy the upsides of owning deed restricted and have no problem owning, abiding and accepting the realities and/or potential downsides of the system:
- I'm paying an affordable monthly rate: $800/mo mortgage for a new-in-2014, Leed gold, 1100sqft condo, in aspen.
- I'm building equity and getting an essentially-guaranteed 3% gain each year vs the legit sunk cost of resort town rental costs (my only other financial option)
- I have secured housing vs a privately held rental that I could potenially lose at any time.
- I have HOA dues that are $400 vs your $200/mo, but I would no-doubt be paying/saving that $200 difference for additional insurance/utilities/repairs if I owned a free market SFH.
- I can bus or drive, in under 10min, to both my families' employers, both ski areas, grocery and restaurants and can ride from my house to all the trails I enjoy during the summer.
vs.
- You own your place outright, no one can kick you out for any reason
- You have greater control/freedom/peace in a rural home with space vs my condo in a dense neighborhood
- You can hopefully gain 5-10% per year, hopefully, for your/your parent's investment, in the coming years to get more nut for your bigger house/next mountain town to move to?
- You can hopefully stay above board with any upgrades, repairs, inflation, and the $24/day cost of SUV gas (4runner, right?) for your desire to be away from people/covid/fake middle class people?
- You can hopefully find the time, willingness and motivation to drive 120mi r/t into town on the weekends to ski at the resort, ride the trails, etc
I'm not interested in spending my time in a car to gain some coin in life. I'd rather live a bit smaller, get by a bit cheaper but live close to the things I love and have great access to them. /rant
-
06-07-2021, 04:31 PM #14741
Well said alpinevibes. My wife volunteers for the local housing trust and they have had a ton of interest in their deed restricted homes. Unlike for alpinevibes they are SFHs rather than condos but in tight density. In our housing trust there is no loss of home with loss of employment unless the owner can no longer make mortgage payments.
Last edited by John_B; 06-07-2021 at 04:38 PM. Reason: edit: Being snippy
-
06-07-2021, 04:35 PM #14742Banned
- Join Date
- Oct 2003
- Location
- In Your Wife
- Posts
- 8,291
I support the existence of affordable housing options (both rentals and deed-restricted), and think they can be an enormous asset to communities. It just isn't a situation I want to live in personally. I'm glad the option exists for people who find it to be a good fit.
-
06-07-2021, 05:06 PM #14743
-
06-07-2021, 05:36 PM #14744
Deed restricted housing sounds better than nothing. But if any of these communities were serious about trying to provide more affordable housing they would significantly increase their density. And like rent control in San Franciso, deed restricted housing sounds like it can easily be manipulated. Bill Gate's kid could qualify for deed restricted housing, so long as his trust was set up correctly. It is also a lottery, with random winners and losers. My wife's cousin is a tech entrepreneur in San Francisco who eons ago scored a rent controlled apartment. Fast forward today and his company is about to go public and he is still sitting in that rent controlled apartment, refusing to move because it is just too good of a deal. Appears the same in Aspen where if you qualify for deed restricted housing on day 1, and then your income goes up significantly or hit the inheritance jackpot, you can still stay in your below market housing.
-
06-07-2021, 05:52 PM #14745Banned
- Join Date
- May 2007
- Location
- Sandy, Utah
- Posts
- 14,410
We make our "choices"..I'm lucky enough to not have to commute at this point and been so for about 10 years now. Still makes me stress. Obviously many more worse off than me, but the pinch is real for some of us. The last year things have just gone crazy in more ways than one can count.
I guess I've resigned myself to working into my 70s. I hope my parents spend every cent they earned and leave me nothing, but I suspect some money will come my way one day soon. Firmly lower middle class. My parents earned their way to upper middle, maybe wealthly by some standards, but far from "not a care in the world".
Sent from my Pixel 4a (5G) using TGR Forums mobile app
-
06-07-2021, 06:23 PM #14746
-
06-07-2021, 06:29 PM #14747
-
06-07-2021, 06:53 PM #14748
Tacoma is basically the hottest housing market in the US. Unfortunately, people finally decided to get off the freeway and have a look around. Per redfin, "in May 2021, Tacoma home prices were up 29.0% compared to last year, selling for a median price of $450K. On average, homes in Tacoma sell after 5 days on the market."
-
06-07-2021, 07:02 PM #14749
-
06-07-2021, 07:38 PM #14750
Bookmarks