Real Estate Crash thread

[fastfred]

oh bunny your killing me...............................
I'm so sorry feel free to rent an extra bedroom from me when you come out of your covid closet next winter and you can see what its really like in the rest of the world
use the house like an atm check
forty thousand dollar cars check
resort living check
don't give a shit check
subscription to porn hub check

[Benny Profane]

oh bunny your killing me...............................
I'm so sorry feel free to rent an extra bedroom from me when you come out of your covid closet next winter and you can see what its really like in the rest of the world
use the house like an atm check
forty thousand dollar cars check
resort living check
don't give a shit check
subscription to porn hub check

Been there done it, Fred. No more Summit for me.

[fastfred]

Been there done it, Fred. No more Summit for me.

too cool for summit you and everyone else all the too rad bros bummer

[Benny Profane]

Nah, just hate crowds. Otherwise, it's ok.

[VTeton]

Credit Card debt went down in the pandemic and people are paying rent. Seems like a lot of people are doing ok with checks, unemployment and less chance to spend at the bars......

https://www.consumerfinance.gov/abou...fore-pandemic/

Might as well buy a bigger house

[RoooR]

If local municipalities did the following on a large scale we'd see a boom in building and a moderating of home prices:

1) Get rid of height restrictions
2) Get rid of parking requirements
3) Get rid of SFH zoning
4) Switch to land value tax

Since none of that's happening we're going to see continued supply constraints.

[Shredhead]

And you’d live in a shithole.

[Benny Profane]

Or Manhattan.

[glademaster]

Been there done it, Fred. No more Summit for me.

Try our neck of the woods sometime. I'd even spot ya a half price voucher.

[Benny Profane]

I can't even go to Vermont, technically.

[glademaster]

Next season, or this spring if you can manage to get vaccinated in time.

[Benny Profane]

Shit ain't getting near to normal before 22. So, Dolomites, 3/22.

[Skistack]

If local municipalities did the following on a large scale we'd see a boom in building and a moderating of home prices:

1) Get rid of height restrictions
2) Get rid of parking requirements
3) Get rid of SFH zoning
4) Switch to land value tax

Since none of that's happening we're going to see continued supply constraints.

Or use a property tax surcharge on non-primary residential properties to fund workforce housing.


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[ötzi]

And you’d live in a shithole.

Just because a place is densely populated it's a shithole? So this whole "city" thing was a big mistake? huh. good to know.

[shroom]

it’s an optimization problem but we haven’t agreed on any goal

[Shredhead]

Just because a place is densely populated it's a shithole? So this whole "city" thing was a big mistake? huh. good to know.

No, but a lot of cities are, because they fallow his four points. Like the ones in Russia I pictured.

[muted]

No, but a lot of cities are, because they fallow his four points. Like the ones in Russia I pictured.

Why is that, because you said so and posted a random pic from Russia for proving your argument?

[54-46]

If local municipalities did the following on a large scale we'd see a boom in building and a moderating of home prices:

1) Get rid of height restrictions
2) Get rid of parking requirements
3) Get rid of SFH zoning
4) Switch to land value tax

Since none of that's happening we're going to see continued supply constraints.

On parts 1-3, in 2019/2020 CA tried to pass Senate Bill 50, which would have aimed at high density housing near transit centers. It didn’t pass, in part, because it would have also loosened multi-dwelling zoning, and current homeowners went NIMBY to protect their property values.

[sirbumpsalot]

On parts 1-3, in 2019/2020 CA tried to pass Senate Bill 50, which would have aimed at high density housing near transit centers. It didn’t pass, in part, because it would have also loosened multi-dwelling zoning, and current homeowners went NIMBY to protect their property values.

I don't know about the particular Bill nor the accuracy of the reasons it didn't pass....but as a SFH owner its not about property values for me....its 100% about the type of crowd that dwells in multi-dwelling places....aka apts.

As a former apt dweller...I wouldn't want me in my apt dwelling years living in my current neighborhood either. Safety, culture, cleanliness, etc are important reasons.

If you are a apt dweller yourself....sorry if I offended you...but someday you will understand IF you desire to and eventually do you own your own SFH.

[54-46]

I don't know about the particular Bill nor the accuracy of the reasons it didn't pass....but as a SFH owner its not about property values for me....its 100% about the type of crowd that dwells in multi-dwelling places....aka apts.

As a former apt dweller...I wouldn't want me in my apt dwelling years living in my current neighborhood either. Safety, culture, cleanliness, etc are important reasons.

If you are a apt dweller yourself....sorry if I offended you...but someday you will understand IF you desire to and eventually do you own your own SFH.

I get it; been both homeowner and apartment dweller. But, at the same time, people bitching about the lack of affordable housing but who also want to shut down denser housing options are being a bit hypocritical.

[Shredhead]

Why is that, because you said so and posted a random pic from Russia for proving your argument?

Let’s hear your arguments for it, in your back yard.

I won’t call it necessarily affordable, but we have more deed restricted employee housing, than any other resort in North America. I’m all for it. Especially when it’s done well.

But not the way he suggests. They tried that in Chicago, it was called Cabrini Green.

[m2711c]

And you’d live in a shithole.

seems to work for monaco....

[Shredhead]

Eliminating income tax and putting in a casino, won’t make ski towns affordable.
Look at Incline.

[shroom]

hella funny

just desire your own sfh and you can have it

my heels are clicking

[glademaster]

I get a real kick out of how long it has taken some people here to realize that the overwhelming majority of the "fellow mags" are actually horrible human being without even the slightest hint of ethical compass.