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A rent-stabilized 1 bedroom apartment for $1,100 In NYC? broker's fee is $15K

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Re: A rent-stabilized 1 bedroom apartment for $1,100 In NYC? broker's fee is $15K

#421

Post by satvikpendem »

wolverine876 wrote: post #244
deegles wrote: post #212

Earlier quoted context omitted.

And it's a reason why "just build denser housing" is not a complete solution. More density makes an area more desirable, so prices will remain flat or in rare cases increase since the demand continues to outstrip supply. I believe the solution involves dramatically looser building regulations and major investment in public transit (essentially, get to Tokyo levels of density). Places like SF or NYC are in that uncann…

Which regulations would you cut? Safety? Basic serivces like kitchen and bathroom? Light?

Zoning laws that discourage mixed use developments. One of the only cities in the US that works well with the more European style model of mixed use developments with apartments and businesses all next to or on top of each other is NYC.

Re: A rent-stabilized 1 bedroom apartment for $1,100 In NYC? broker's fee is $15K

#422

Post by PH95VuimJjqBqy »

wolverine876 wrote: post #390
PH95VuimJjqBqy wrote: post #379

Earlier quoted context omitted.

ultimately, when someone takes this stance what they really mean is that nothing is knowable so you're a terrible person for judging someone as if you know something! sue me. I think food for someone without food is more important than a middle class person being able to drive a brand new car. You can manipulate language as much as you want, I will still judge you for that opinion. A large part of why I made the post…

What about it angers you? Do you have a personal experience with it? From what I can see, we're talking about real estate, not usually an inflammatory subject. Nobody else seems angry, but you seem to have something to be angry about. I can tell you from my experience, whatever it is, you seem to apply it to me. You're attributing things to me that I haven't said nor have they crossed my mind, and attacking me about…

when in doubt,claim the other person is angry.

Apparently I'm angry that other people spend a lot more than me to live in a nice neighborhood in a nice house? rawr, why is my life so much better than the people in NYC!?!?!?

When it's all done I'm still going to believe food is more important than a brand new car. I'm comfortable knowing things are true.

Personally, if you're not a coward you'll proclaim here and now that a brand new car is as important as food. After all, this stuff isn't knowable.

Re: A rent-stabilized 1 bedroom apartment for $1,100 In NYC? broker's fee is $15K

#423

Post by lazide »

carom wrote: post #301
techbrovanguard wrote: post #118

Earlier quoted context omitted.

> Some may consider it the end-goal, to be fair - as eventually you'd drive landlords completely out of business. Great! Housing should never have been allowed to become a commodity.

This is really the theme of this thread. You hate renters and want a world of single family homes or massive government intervention. Landlords meet a housing need, taking property they own and subdividing it so it is affordable for others to live in an area.

It wouldn't surprise me if they are personally a frustrated renter who can't see or manage the expectations that are making them frustrated. Been there, it sucks. Turns out I had a deeply manipulative set of folks around me at the time, and I was also wildly desensitized/in denial to my own needs.

I cannot express how much pain occurred to figure that out! Still occurring.

The good news for them is, in 5-10 years the dynamics will likely look very different. It's already been changing against landlords, for instance with the covid rent holds, rent control expanding in some areas, cost of money rising and changing market dynamics, etc. I expect a lot of landlords will be trying to exit shortly, and the ones who think they can't are going to be trying to squeeze as much return as they can - as their expected future return due to speculative property prices disappears.

So poster - it might be more worthwhile taking an inventory of who is around you (and if the influence they have is helping you), what YOU actually want your life to look like long term and your own values, and figure out how to get there and if you're willing to pay that price or not.

Re: A rent-stabilized 1 bedroom apartment for $1,100 In NYC? broker's fee is $15K

#424

Post by lazide »

bombcar wrote: post #412
no_wizard wrote: post #303

Earlier quoted context omitted.

I always found this funny, because housing is required for all of us but tenants rights is controversial where as all the incentives we give to builders / owners / landlords isn’t questioned nearly the same. Perhaps we should adjust those incentives more instead to align with tenants and occupancy home owners and stop treating everything about housing as investments

The thirty year fixed mortgage has been a disaster for the housing market.

Also, the thirty year fixed mortgage has been a boon for the housing market and several generations who 'got in early'.

Just like school loans.

Automobile loans.

Etc.

Re: A rent-stabilized 1 bedroom apartment for $1,100 In NYC? broker's fee is $15K

#425

Post by PH95VuimJjqBqy »

TylerE wrote: post #401
PH95VuimJjqBqy wrote: post #377

Earlier quoted context omitted.

https://www.youtube.com/watch?v=Zhl9MLno424 go watch that and understand that conservative areas where BY FAR more supportive than New York. This is a common trope amongst youtubers and they _consistently_ find that these conservative areas are more accepting than the liberal areas such as New York. And they're more willing to speak up. But go on, explain to me why an asshole defines the entire region. I want to hear…

Respectfully: horseshit. That’s the sort of twisted thing conservatives love to say abouy themselves without understanding ding what actual acceptance even looks like.

oh yeah, all these youtubers are setting these video's up on purpose.

FYI, I'm not a conservative.

Re: A rent-stabilized 1 bedroom apartment for $1,100 In NYC? broker's fee is $15K

#426

Post by lazide »

sofixa wrote: post #405
lokar wrote: post #129

Earlier quoted context omitted.

Some people have a long history of non payment, damages to property and evictions. If you can’t filter these people out you get an adverse selection kind of problem and everyone pays (one way or another)

And if they make revenues and aren't overburdened by debt, you can sue them to recoup the damages from those revenues.

The issue is the real problem folks are often 'judgement proof'. No assets, no (official) income, or plenty of legal excuses to delay and defer actually doing what they were supposed to do.

Also, often in pretty bad shape, so easy to take pity on. Until they screw you personally, anyway.

Re: A rent-stabilized 1 bedroom apartment for $1,100 In NYC? broker's fee is $15K

#427

Post by bombcar »

tzs wrote: post #418
bombcar wrote: post #410

Earlier quoted context omitted.

That’s easy enough to create a deferral around, and allow the lien to transfer. Again, these things are already done in other states, and it doesn’t have to be perfection, just better than it currently is.

Do you mean transfer the lien to your new property? A lot of seniors move to different states which might complicate things. There's another way that is better than it currently is, without the downside of building a potentially large debt if the senior manages to live a long time after retirement before finally needing to move. That's exemptions and/or freezes. E.g., here in Washington if you are at least 61 and hav…

Exemptions also work - and we end up with something like that in areas that don’t have them - few taxing authorities will force s tax lien sale against an elderly or disabled family - the optics are just way too bad.

They’ll just record them and wait. It’s the one thing the government has that normal companies/people can’t do. Wait it out over lifetimes.

Re: A rent-stabilized 1 bedroom apartment for $1,100 In NYC? broker's fee is $15K

#428

Post by PH95VuimJjqBqy »

notyourwork wrote: post #407
PH95VuimJjqBqy wrote: post #288

Earlier quoted context omitted.

> I don’t want to live in the middle of no where even if the entire mortgage I think you should start visiting these areas before you say that. It takes me less than 5 minutes to get to 2 different grocery stores, a theater, a market dedicated to fish, a greek restaurant, a Mediterranean bar, a mexican restaurant (very good btw), Target supercenter, Lowes, various stores dedicated to clothes, one dedicated to hobbies…

I grew up in a Midwest farm town with a population below 10,000 people. I’m well aware of what they have to offer and it’s not what I want in life. I think you should stop taking offense to my comments and realize they are just stating the broad reality.

I live in a city of roughly 500k, maybe you should stop thinking that the only LCOL areas are those with under 10k people.

Re: A rent-stabilized 1 bedroom apartment for $1,100 In NYC? broker's fee is $15K

#429

Post by PH95VuimJjqBqy »

PH95VuimJjqBqy wrote: post #327
whycome wrote: post #311

Earlier quoted context omitted.

Did you buy this property because you knew of the police neighbor? Is it just well known for the kids as well? It's just a strange signifier to me. Does a real estate agent mention this? Do they know they play this role? Are they compensated in any way? Should other neighborhoods encourage the presence of a single police officer home?

Reverse that. Why is it a strange signifier that a police officer living next door and a park where kids are openly playing implies it's a nice neighborhood that you might enjoy living in? it's like saying it's a strange signifier that you would avoid a neighborhood with homeless walking down the street pushing carts and empty syringes laying around the sidewalk. Neither of those seem strange conclusions and I posit…

oh man, no response?

I'm shocked...

oh wait, no I'm not, the post wasn't honestly given.

Re: A rent-stabilized 1 bedroom apartment for $1,100 In NYC? broker's fee is $15K

#430

Post by sofixa »

lazide wrote: post #426
sofixa wrote: post #405

Earlier quoted context omitted.

And if they make revenues and aren't overburdened by debt, you can sue them to recoup the damages from those revenues.

The issue is the real problem folks are often 'judgement proof'. No assets, no (official) income, or plenty of legal excuses to delay and defer actually doing what they were supposed to do. Also, often in pretty bad shape, so easy to take pity on. Until they screw you personally, anyway.

> No assets, no (official) income, or plenty of legal excuses to delay and defer actually doing what they were supposed to do

And that would be easy to see when you ask them for proof of revenue before renting to them...

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