Every time I visit my father in Hillsboro I'm amazed at how much development there is, now spreading southward. They actually seem to have planned parts of the community to be walkable, at least around Orenco, with the Max line available for those who want/need to get into the downtown area.
Saw this in a presentation a few weeks ago. It is a gross oversimplification but the big difference between now and 2008 is the supply. A large part of that is investor demand.
Bought at the end of 2019 outside of Orlando. Even then I thought I was buying something egregiously expensive. Have about 150k in equity. Recently took a job and have a 50 minute commute when I don't WFH. Wife commutes every day but about 30ish minutes and not hellish traffic like me. Wouldn't make any sense to sell this and get way less house in Orlando-proper. Even Oviedo/Sanford is insane.
I know a lot of investors that replace trash houses with brand new duplexs/triplexes which is a net benefit to the housing shortage. As I mentioned before, my buddy has like 12 properties in St. Louis several of which are duplex/triplex that used to be single family homes. Not all housing investors are looking for the 10 year battle of building a mega-apt. complex.
This might sound good but would be awful in practice. Where are people going to live while they save enough money for a down payment? How will lower income communities do anything but fall further and further behind because it takes a lot of money to renovate old houses?
You said yourself that you had the resources to purchase a home but just didn't think it was a good investment. I'm sorry you don't see how that's callous toward low-income people who truly can't afford to buy housing. Only around 15% of the population has an advanced degree. 60% of Americans don't have $500 in savings. You sound very out of touch with your pity party.
Public ownership of enormous numbers of apartment complexes fixes basically every critique you'll come up with.
How would restricting landlords from hoovering up massive amounts of homes not help renters? Home prices and rents would drop all over the country. The potential downside I see is home starts could drop but renters wouldn't get fucked in this.
I’m out of touch???? this is funny. You really didn’t read my post. I’m just gonna keep it moving because it’s pretty clear you’ve got some sort of agenda here and I’m not in the mood to play your games. Find someone else dude I’m out touch… fucking comedy
Unless the government starts to heavily invest in public housing, the supply would dry up without outside investment.
How did I spin Blackrock positively? I never said a thing about Blackrock... I simply asked someone their thoughts on the fact they started an Affordable Housing Portfolio as he said they only are invested in luxury apartments.
bought a house in round rock (north of Austin) in 2018 for 245k, it's now apparently worth $520k which is unbelievably stupid
This mentality is incredibly toxic, it's the neighbor argument of finish your meal there's kids starving around the world!
I have a lot of friends from Miami in Austin all their property has doubled plus in 4 years, they all desperately want to move back to the Midwest but careers keep them there
the average age of the resident is higher I think compared to some of the South FL beach cities but I think Sarasota is a really nice smaller beach city that has grown a lot which may be a nice spot for a settled couple that can WFH. small airport w some direct flights but then you have Tampa’s airport a little over an hour away for more options. Anna Maria island 30 minutes away which is a hidden gem assuming real estate is out of control there too though
He’s probably some loser poster I’ve pissed off in the past because he said some awful shit and got called out on it. My post clearly acknowledged not only that there were people worse off who I couldn’t under how they felt. But that buying a home would put me in a state of financial instability that would make the endeavor pointless. Why would someone buy a home if there’s a good chance that any buying one would put you at the door of bankruptcy if anything went wrong moving forward for the next few years? It’s talking down to someone when you don’t know shit about their finances. Wild stuff
I've seen Sarasota pop up a bunch in articles. I need to go check it out. I think the advanced degree is overrated. I'm a surgeon and I don't make any more than the tech bros I'm surrounded by. Sure Austin is an outlier but they don't have med school debt.
Your core conceit is that no one can complain about things in their life to any degree unless they're in the worst situation in the world otherwise it's insensitive to people worse off. That's a stupid and toxic way to go through life.
How much money do I make a year? What’s my current amount of debit? What kind of bills am I paying? Am I supporting anyone in my family? Since you wanna talk like you know me tell me what’s going on with my finances. Please let us all know including me who looks at my finances daily. Mind you I work in finance so if I’m telling you a house isn’t feasible for me you should probably shut the fuck up and listen.
I imagine his post was quibbling with you saying you have “quite a bit of money stored away” with a good job and great credit score. Most people would interpret that to mean you can afford to buy a house, but you are correct that no one here knows the intricacies of your financial situation. We can only go by how you characterize it, and the way it was written makes it seem like you should be able to buy a house, if you so choose.
But the discussion isn't about surgeons versus tech bros. We're comparing surgeons to guys without a high school diplomas. The earning potentials, homeownership rates, and general quality of life are significantly different.
Or you could realize that’s my way of saying I was saving for one and got completely priced out but neither one of you idiots could be bothered to even understand what was an obvious indication considering the thread. Read the fucking room You two were itching to go on the attack at me because I’ve 100% pissed you off in the past and saw what you thought was an opening.
We bought our house roughly a year ago and the “Zestimate” claims it’s worth 12% more than we paid for it now. Does this really mean anything other than I will pay higher property taxes? And be the bag holder when the market cools down in a couple years? Buying in this market was an absolutely awful experience, had to bend over for the seller on every issue. Told them to take all their shit and leave when they started trying to sell us used couches for $6k though
No - that theory is wrong. You’ve never pissed me off. I find your hostility quite entertaining actually.
I even bolded the claims to make that obvious. This is one of those times where people are too committed to an argument to even consider what's actually being said. If a lady went down to the homeless shelter and started making the same claims that poster made, we would all call her a Karen. It's just in this moment people are suspending logic.
Correct and I think there’s some truth to that. Normal life is stupid expensive and people are unhappy about it. I’m not trying to police people’s ability to vent online, but I agree with Creighton that there are varying degrees of plight that can be recognized.
This is the reality for the majority of homeowners. What would you like society to do differently to help you?
Do you know how many people got priced out of the market in the past two years? This isn't just about me, and nothing in my posting history indicates I'd ever be that selfish in the first place. Once again, you like to talk like you know my situation. Stop projecting whatever your dumb sociopathic thought process is on to me. Answer my questions since you know so much
1) I don't know your posting history, but in this thread you very much seem self absorbed. Which is ironically, the point of my first post. 2) Why don't you tell us where you live, how much you make a year and your current savings. Then we can all run the numbers for you and help you buy a home, if that's what you want to do. or 3) You could just admit your post just wanted to make people feel sorry for you for no reason. Then we can all move on with our posting lives.
Then personalizing it is dumb vs indicting the board at large. Which again, I disagree with this entire sad endeavor Creighton is leading.
A post that acknowledges that there are people who are worse off than me and that I couldn't begin to understand how they feel is self-absorbed?????????????????????????????????? Or it could just be someone venting about something, which people on here do quite a bit. In a thread tailormade for people to vent about how they've pretty much been priced out of the market. Its time to admit you're wrong and go the fuck away