Real Estate Crash thread

[neufox47]

Last comment on this very important issue to you cry babies Filed my Fed 1040 and State returns last week. The state of CA got plenty from me, so absolutely 0 guilt over my property taxes. Now you all can go fuck yourselves one more time.

Sounds like your answer is that only personal income should be taxed then, and capital gains (at least on real property) should be excluded from taxation and wealth itself should not be taxed. The .01% agree and thank you for your support.

[Toadman]

dang, and the building boom continues

It's all about those building permit fees and property taxes, baby! Ka-Ching! And maybe appropriate some of those funds for infrastructure to handle just a fraction of the population boom.

Then there's the whole ignore wildfire mitigation scenarios that Bend city council members would rather not talk about with any seriousness. It's all about creating as much housing as possible. Some for the homeless, which I totally support, but you just create other problems with that too.

Bend is turning into a beacon of liberal blue light in an otherwise Trumpian central Oregon world.

https://www.centraloregonlandwatch.o...opts-new-goals

[Toadman]

Lots of hot RE markets in the bad places in that first map.

End of the greatest snow on Earth. Get it before it's gone!

[glademaster]

End of the greatest snow on Earth. Get it before it's gone!

Not to be petty, but the Wasatch and the Tetons are going to fare far better than anywhere else in the western US in a warming climate, and that map shows exactly that.

[skifishbum]

End of the greatest snow on Earth. Get it before it's gone!

"if you dont do it next seasons youll only be a year older and have less snow to do it on when you do'
Ullr bless the lebowskis

[glademaster]

Warren would have disliked The Dude immensely. Just sayin'.

[Benny Profane]

So, future choices may be, schools, roads, or...water.

https://www.thedenverchannel.com/new...-bills-dispute

"In 2019, I went to $758.64. In 2020, they went up to $1,112," Pospicil said.

[skaredshtles]

So, future choices may be, schools, roads, or...water.

https://www.thedenverchannel.com/new...-bills-dispute

"In 2019, I went to $758.64. In 2020, they went up to $1,112," Pospicil said.

If she's talking about a *year's* worth of water, she needs to STFU.

I looked it up - Sandy's living in a house worth $1.1 million surrounded by lush green grass. Sandy should really quit being a whiny bitch and pay her water bill. And maybe think about not irrigating so much fucking grass if she *really* objects to the cost.

I'm also thinking that her house could be featured on this site: https://mcmansionhell.com/

[XXX-er]

So the government should get decreasing property tax revenue (when adjusted for inflation) from you and also shouldn’t be able to tax your million dollar gain when you sell (I’ll note that as the first$500k is tax free a million dollar gain would produce a tax hit of at most 9%)... Just who exactly should pay taxes and when in your opinion?

so how does it work down thar ? Its my understanding you can deduct interest on home loans so the more you borrow the more you can deduct ? Is it the same in every state

Capitol gains on selling a house how/when does it get paid ?

up here there are no deductions on residential loans and as long as its your principal res you are not taxed

I think the feds revisited but decided not to change the policy which would have probably got them the boot in the next election

[Ted Striker]

so how does it work down thar ? Its my understanding you can deduct interest on home loans so the more you borrow the more you can deduct ? Is it the same in every state

The first thing is that in the US you have two ways of calculating your income tax: the first is to take a standard deduction, and not claim most other deductions, or you can itemize all of your deductions if you have more than the standard number (which for 2020 was $12,400 per person). The maximum loan value is $750K so interest on anything higher than that isn't deductible. And that's on your federal income tax.

Capitol gains on selling a house how/when does it get paid ?

The tax year the house is sold. The first $250K ($500K for a couple) is exempt. That's only on your primary residence, and you have to have lived there for at least 2 out of 5 years.

[XXX-er]

Interesting ^^ I guess you have to mix up income tax and RE

the 2 are really very seperate up here until you get into a revenue property where you are claiming income

I used to have a manager who was a Canadian married to an American so he had lived in the USA and worked in Canada both down east somewhere close to the border and in Blaine/Richmond. so at coffee everyone would ask him what the benifits were, he would say well you got this but then you got that, he ditherd a bunch and couldnt really say which cost less but he kinda dithered alot as a manager

[Toadman]

Maybe the mortgage CF won't go down?

https://finance.yahoo.com/news/more-...150316055.html

Homeowners who sought mortgage forbearance during the pandemic are exiting those plans in larger numbers as the economy recovers and lenders provide other options for still-struggling borrowers.

The share of mortgages in forbearance hit 4.50% for the week ending April 11, down from 4.66%, the previous week, according to the Mortgage Bankers Association. That marked the seventh straight week of declines and followed one of the largest decreases on record in the prior week. About 2.3 million homeowners remain in forbearance plans, according to the MBA.

[VTeton]

I really need to get the mortgage paid down but it's been hard to pay down with a rate below 3%.

As for the boat comments, I could see living on a boat part of the year vs having a seco.d home.


Kinda ugly but I could make it work.


https://www.denisonyachtsales.com/ya...lorida/7811007

Sent from my SM-G998U1 using Tapatalk

[AdironRider]

This story is both a hilarious parody of the tech industry, and a sad state of affairs for any sucker they catch.

Disrupting real estate with timeshares!

https://www.yahoo.com/news/skyrocket...113203301.html

[Benny Profane]

If she's talking about a *year's* worth of water, she needs to STFU.

I looked it up - Sandy's living in a house worth $1.1 million surrounded by lush green grass. Sandy should really quit being a whiny bitch and pay her water bill. And maybe think about not irrigating so much fucking grass if she *really* objects to the cost.

I'm also thinking that her house could be featured on this site: https://mcmansionhell.com/

Ten to one there's a pool in the backyard.

Lord, some architects should be jailed for crimes to our eyesight.

[MontuckyFried]

This story is both a hilarious parody of the tech industry, and a sad state of affairs for any sucker they catch.

Disrupting real estate with timeshares!

https://www.yahoo.com/news/skyrocket...113203301.html

HA! HA! ....HAHAHAHA!

I swear. Some of these tech bros, their investors, AND their sucker customers all deserve some swift kicks to their nuts.

[Benny Profane]

This story is both a hilarious parody of the tech industry, and a sad state of affairs for any sucker they catch.

Disrupting real estate with timeshares!

https://www.yahoo.com/news/skyrocket...113203301.html

More a sad commentary on the funding of startups. The founder of WeWork may still die a billionaire all for thinking up a subleasing real estate scheme. Still not as bad as crypto, but, yeah, remarkable that somebody can actually pitch that as a new business when I see and hear commercials for scammers trying to help people OUT of timeshares all over the place.

There's a lot of people on the lower slope of the bell curve, and many have money.

[ColMan]

This story is both a hilarious parody of the tech industry, and a sad state of affairs for any sucker they catch.

Disrupting real estate with timeshares!

https://www.yahoo.com/news/skyrocket...113203301.html

$1B valuation? They are laughing to the bank.

[dunfree]

This story is both a hilarious parody of the tech industry, and a sad state of affairs for any sucker they catch.

Disrupting real estate with timeshares!

https://www.yahoo.com/news/skyrocket...113203301.html

give millenials an app so they don’t have to interact with humans without tech intermediation and they’ll think anything is new.

[Benny Profane]

Yeah, but, really, timeshares? I thought it was a parody.

[liv2ski]

If you need fractional ownership to afford a second home, you can't afford a second home.

[Toadman]

Wait for when people start showing up at your house thinking it's a time share. Then you really know the scam is full on. Either that, or the scammers actually stole your house right out from under you.

[ticketchecker]

https://twitter.com/iheartsteveb/sta...994949635?s=21


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[MontuckyFried]

https://twitter.com/iheartsteveb/sta...994949635?s=21

HAHAHA! Nailed it!!! Buyers getting caught up in this frenzy are acting like a bunch of suckers. Need I remind everyone here of Erie?

How long until Limon or Kit Carson starts popping off?

[Benny Profane]

https://www.hcn.org/articles/water-a...sts-water-wars

The Southern Nevada Water Authority estimates that the Las Vegas metropolitan area has eight square miles of “nonfunctional turf” – grass that no one ever walks on except the person who cuts it. Removing it would reduce the region’s water consumption by 15%.