81–90 of 100 posts
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So..... Now they have to permanently "rent" them (maybe from a company they have ownership in)? Maybe we should just build more houses.
Vast sprawling suburban wastelands with no services is not the solution. Just build houses is easily said but it’s not necessarily where people want to live.
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As much as it pains me to say, people with good salaries can sometimes meet other people with good salaries in their city and fall in love.
This is scenario in realm of possibilities of a Disney fantasy. Well off woman will not look for sharing in half high living costs. If you haven't learned this yet, you will.
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> the market is dual-income couples with high salaries This is some kind of memic impossibility. It's impossible to move into a city for a high paying job AND have a partner AND the partner earning a lot too. The closest I've ever been was when my job and the relationship disintegrated at the moment the partner got such job after over 5 years of searching, and I really don't feel like trying again ever.
Most of these couples are people who grew up in and/or have strong networks in those cities to begin with.
Owning a house is not for ordinary people any more. People/sheep are renters. Houses around the world are being sold to: corporate mega landlords "Mum and Dad" investors international money laundering criminals money fleeing countries like China where economies are collapsing and the government is becoming more authoritarian
Right now, it is at 65.7% - higher than the fabled 60s and 70s.
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Builders really seriously need to make condos/apartments with sufficiently sound proofed walls, floors and ceilings. I would happily live in a condo if I was confident that I wouldn’t be able to hear my neighbors and have my sleep disrupted etc.
They exist. My last home before my free-standing house was a poured concrete and brick condo. You could jump up and down with an elephant and the downstairs neighbors wouldn’t hear you. You just have to test before purchasing. And, of course, this costs more.
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This is scenario in realm of possibilities of a Disney fantasy. Well off woman will not look for sharing in half high living costs. If you haven't learned this yet, you will.
What bubble do you live in? I live in SV and can easily count 30-40 couples with a well-off woman and a well-off man in my social and professional circles, mostly where they both work in tech. That number will go up if I think harder.
> Auto loan debt increased by $12 billion to $1.61 trillion I really can’t understand how people are so desperate to drive a new car that they’d go into debt to do it. Why would you sign up for years worth of payments on a $15k+ car when you could just buy a used one outright for like $4k, and not have to worry about it? A house, sure, you then own real estate, you even can borrow money against the value you’ve alrea…
This appears to be what happens when rich people that don’t need houses buy them anyway as investments. There should be laws preventing a person from owning more than three houses in the United States.
Just build houses, which naturally will cause the price of houses to decline. Investors are allowed to speculate. But speculation must be risk, sometimes you win and sometimes you lose.
Owning a house is not for ordinary people any more. People/sheep are renters. Houses around the world are being sold to: corporate mega landlords "Mum and Dad" investors international money laundering criminals money fleeing countries like China where economies are collapsing and the government is becoming more authoritarian
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They exist. My last home before my free-standing house was a poured concrete and brick condo. You could jump up and down with an elephant and the downstairs neighbors wouldn’t hear you. You just have to test before purchasing. And, of course, this costs more.
Mind if I ask how you go about testing this? Seems like you would either need access to multiple adjacent units at once (which seems rare unless the building is new), or you’d have to go by the construction type but that isn’t really a “test” so I assume you meant something else.
Joking aside, I would ask the inspector to test the building materials and widths of floors and ceilings. I assume there’s some standard performance that if you have 4 inches of concrete that’s bad but 12 inches is ok, or something like that.
When I bought my unit, I didn’t use an inspector but did talk to neighbors and my realtor had worked on multiple purchases in the building and had those accounts.