The U.S. Housing Boom Is Coming to an End, Starting in Dallas

Post by tcbawo » Wed, Nov 28, 2018, 2:44 AM UTC

sokoloff wrote: post #112

Latteland wrote: post #99

Earlier quoted context omitted.

If you are lucky you can get money from renting. If you were unlucky and had a house in the rust belt and jobs disappeared then few people could buy or rent your house. So people can get trapped. At least you can expunge your mortgage debt with bankruptcy. Not being able to expunge education debt is what's holding our economy down.

Not being able to expunge education debt is what makes education lending possible. Otherwise, there’d be a line to file strategic bankruptcy after the last tuition payment was due...

Other (less fair) ways of doing it include requiring a co-signer or allocating some assets as escrow. Although, like healthcare, the problem is probably the cost not the financing.

Post by gwbas1c » Fri, Nov 30, 2018, 8:48 PM UTC

gizmo686 wrote: post #71

gwbas1c wrote: post #49

I just built a home. One thing I noticed: Some builders are really stupid about reading the market and knowing what people are willing to pay. They load homes up with luxury features and then wonder why their homes sit vacant. My builder has a vacant home in my neighborhood. He ran Ethernet to all rooms, and put in other silly features, and just couldn't comprehend why his price was too high.

How expensive is Ethernet to all rooms? That decision strikes me as a no brainer for any newly built house. Even if no one actually wants Ethernet in all rooms, it guarantees that Ethernet is present in the particular room(s) that the eventual buyer will want it in. And it will still be present in the particular room(s) that the next buyer will want it in. In contrast, if a room is missing Ethernet, it would be far m…

Well, either my general contractor was an idiot and paid too much, or more than $200 a run.

Everything adds up, and when you realize that your kids are going to watch moves on their tablets, you quickly realize that money is better spent on something else.

I just ran ethernet and CATV cables to where the TVs go.

Re: The U.S. Housing Boom Is Coming to an End, Starting in Dallas

Re: The U.S. Housing Boom Is Coming to an End, Starting in Dallas