311–320 of 684 posts
I'm done and tired of vulture capitalists and all sorts trying to make bank on where to live. I'm sick of landlords looking for shitty almost-passive income while I build them equity.
Fuck'em all. I want this "industry" to die in a pit of firey death.
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> Someone can move in and refuse to pay rent, refuse to leave, use your house as a drug den, destroy your property and lots more, and you can do nothing about it. This is one of those things that really just confuses me. It's like no one could agree on happy medium between "landlord can eject you whenever they want for whatever reason" and "no one can make you leave, ever, for any reason". And to whoever downvoted yo…
>landlord can eject you whenever they want for whatever reason I don't understand. Why aren't landlords able to do this? Isn't it seen as immoral to steal property from an owner?
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> It's honestly quite scary how I'm in the top 2% of income earners in my generation and yet I could barely afford to buy a small place in a semi-desirable area. I can easily see myself not being able to compete in algorithmically dominated markets flush with venture cash in the future and I earn more than just about everybody I know today. A thought exercise: suppose that no new houses are ever built and that housin…
> > It's honestly quite scary how I'm in the top 2% of income earners in my generation and yet I could barely afford to buy a small place > I live in Los Angeles, where a "small place in semi-desirable area" gets listed for 1.5M and goes for nearly 2M. I'm somewhere in the top 5% of earners in California, but that $2M 1950s tract housing would be >50% of my post-tax income. I think the obvious answer here is that peo…
The scary thing is that it's easy to see how something how like this could drive a market boom and bust cycle. I'm imagining a scenario where two iBuyer companies try to outbid each other algorithmically, driving the prices further and further out of reach of people who are looking for a primary home. Tangentially related, I talked to a friend who works on geospatial data for one of the big vacation rental companies,…
One can blame Airbnb, Zillow or whoever else, but the truth is that speculation in real estate and vacation towns have both been a thing for a very long time. If the population rises and we refuse to build more houses, the existing ones will get more expensive no matter what. The solution is out there in front of us but everyone prefers to dance around it.
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You're not a liberal if you're casually violating fair housing law :) Everyone wants to call themselves a liberal or progressive nowadays, it's bizarre. These things are about actions, not self-assigned labels.
Is visa status a protected class for rentals in CA/Berkley?
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I've often wished that one avenue of appeal of a city assessment was an option given to the property owner to force the city to buy the property for 90% of what they assessed it. You could either go through the current appeals process or just sell them the house if they were way off.
And the same for the reverse: You can claim your house is only worth $40k, but then the city is allowed to buy it for $48k.
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How does one accumulate $500K in damages and debt in 1 year? That's like $41k/month.
Some people don't take kindly to being kicked out, even if they're in the wrong, and there's not a lot you can do to stop them from causing hundreds of thousands in damages while you go through the process of evicting them.
It was disgusting. Glass and other obstructions flushed down the pipes, literal feces on the walls, holes everywhere, missing parts of the ceiling, fixtures ripped out, etc.
Move-in process was essentially move all our stuff to a storage area, continue renting until we'd made the place no longer a biohazard, then we moved in slowly as we fixed up rooms.
But hey, a few hours of work a day for a year essentially saved a year of a FAANG salary on the place.
The scary thing is that it's easy to see how something how like this could drive a market boom and bust cycle. I'm imagining a scenario where two iBuyer companies try to outbid each other algorithmically, driving the prices further and further out of reach of people who are looking for a primary home. Tangentially related, I talked to a friend who works on geospatial data for one of the big vacation rental companies,…
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This is so alien to me. Why don’t you sell the place? Staying the owner of this place makes it so that you can’t spend your money tied up in this house, and this house can’t provide its roof to someone. Seems like both of you loose.
Presumably value appreciating more than selling it and investing in other assets that are as safe.