Why don't you sell your mansion or large house?

[Audie]

That's right...you guys need that anti-heat year-round.

Not really. Wintertime it can go down to
10 or 12 C if there a strong wind from NE

 

[Audie]

I suppose I noticed it as a kid when looking at new housing developments, but I didn't really think about it until I was in the buyer's market. All anyone builds are those stupid McMansions. I live in a college town, so anything that's reasonably-priced or smaller in scale often gets bought up by investors and turned into a rental property. Regular people - I'm not even talking about the poor, just people on a middle class income - cannot compete with that.



Segueing from the above, we need to put a cork in the investor class ruining the housing market. They have a purchasing power regular people cannot match and it ruins it for everyone else. Regulators need to step in. Exactly what that would look like I'd leave up to the experts, but as a rule of thumb if you're not living in it you shouldn't be allowed to own it. I'd include apartments in that - had a great experience with an on-site, in-residence manager and the place tanked after that changed (while the rents skyrocketed).

Ya wants to put a cork in me does ya???

If the "investor class" does not fund
building, who zactly do you think will?
"Can't own if you don't live in it" will
work about as well as forced collectivization
of farms.

( American McMansions are dreadful,
for sure. You won't see any of those here!)

 

[Revoltingest]

Segueing from the above, we need to put a cork in the investor class ruining the housing market. They have a purchasing power regular people cannot match and it ruins it for everyone else. Regulators need to step in. .

Regulators have been the problem. Giving those
people even more power is a recipe for disaster.
Your plan would make student housing far spendier.
Instead, consider backing off on regulation to allow....
- Building higher density housing.
- Building smaller homes.
- Building contiguous homes, eg, townhouses.

Think of it as exploiting the market instead
of controlling it with bureaucracy.

 

[Revoltingest]

Not really. Wintertime it can go down to
10 or 12 C if there a strong wind from NE

Why add heat when it's that warm?

 

[The Sum of Awe]

Regulators have been the problem. Giving those
people even more power is a recipe for disaster.
Your plan would make student housing far spendier.
Instead, consider backing off on regulation to allow....
- Building higher density housing.
- Building smaller homes.
- Building contiguous homes, eg, townhouses.

Think of it as exploiting the market instead
of controlling it with bureaucracy.

Without regulators, though, how can we prevent the rich from buying cheap houses and expanding on them/flipping them to making them unaffordable to the less wealthy?

 

[Revoltingest]

Without regulators....

Who said there'd be no regulators at all?
There's a place in between the extremes
of total regulation & no regulation.

....how can we prevent the rich from buying cheap houses and expanding on them/flipping them to making them unaffordable to the less wealthy?

Why stop that? If a neighborhood is becoming
more attractive to well heeled buyers, I seen no
reason to prohibit them from paying more to the
seller. It would be authoritarian for government
to illegalize gentrification.
Let's stop government from preventing people
from building cheap housing.

 

[The Sum of Awe]

Who said there'd be no regulators at all?
There's a place in between the extremes
of total regulation & no regulation.

Why stop that? If a neighborhood is becoming
more attractive to well heeled buyers, I seen no
reason to prohibit them from paying more to the
seller. It would be authoritarian for government
to illegalize gentrification.
Let's stop government from preventing people
from building cheap housing.

There is nothing wrong with somebody flipping a home for themselves and then selling it after having lived in it for years. But I've seen it happen a few times (a few times too many) on sites like Realtor.com where houses were being sold cheap, would only need basic remodeling (floors, siding, windows), only to be turned around half a year later with solar panels, double garages, added on rooms, etc. and sold for another 10,000 or more dollars.

In fact this happened to a friend of mine, where he was about to buy an affordable house (he's not got the best finances because of life difficulties rather than life choices) but was outbid by another, and a year later it was just flipped - they didn't buy it to live in it, they bought it to milk the market! "Screw those poor folks, they can keep struggling to afford the ever-increasing rent for an uncomfortable living condition... only rich people should be able to afford houses!"

 

[Audie]

Why add heat when it's that warm?

To us that's super cold.

 

[Audie]

There is nothing wrong with somebody flipping a home for themselves and then selling it after having lived in it for years. But I've seen it happen a few times (a few times too many) on sites like Realtor.com where houses were being sold cheap, would only need basic remodeling (floors, siding, windows), only to be turned around half a year later with solar panels, double garages, added on rooms, etc. and sold for another 10,000 or more dollars.

In fact this happened to a friend of mine, where he was about to buy an affordable house (he's not got the best finances because of life difficulties rather than life choices) but was outbid by another, and a year later it was just flipped - they didn't buy it to live in it, they bought it to milk the market! "Screw those poor folks, they can keep struggling to afford the ever-increasing rent for an uncomfortable living condition... only rich people should be able to afford houses!"

It's called competition.
You might prefer communism

 

[Revoltingest]

There is nothing wrong with somebody flipping a home for themselves and then selling it after having lived in it for years. But I've seen it happen a few times (a few times too many) on sites like Realtor.com where houses were being sold cheap, would only need basic remodeling (floors, siding, windows), only to be turned around half a year later with solar panels, double garages, added on rooms, etc. and sold for another 10,000 or more dollars.

That's free enterprise.
However, if the price were only $10k more, that wouldn't
pay for renovation, carrying costs, transfer costs, & commissions.
"Flipping" isn't as common or easy as people think.
They watch too many TV scripted "reality" shows.

In fact this happened to a friend of mine, where he was about to buy an affordable house (he's not got the best finances because of life difficulties rather than life choices) but was outbid by another, and a year later it was just flipped - they didn't buy it to live in it, they bought it to milk the market! "Screw those poor folks, they can keep struggling to afford the ever-increasing rent for an uncomfortable living condition... only rich people should be able to afford houses!"

It will always be the case that someone will want
to buy a house that someone else is willing to pay
more for. What we need is a ready supply of
cheaper homes. Until government stops banning
their construction, houses will be too spendy.

There are other government policies that make
homes more expensive by driving up prices....
- Property taxes subsidized by federal tax
deductability.
- Capital gains tax waived (up to $250k).
- Subsidized interest rates.
- Intentional inflation (ie, currency devaluation)

Those factors all combine to induce home
buyers to treat houses as an investment
that's a hedge against inflation. So they
buy houses bigger than needed.

What incentivizes all this?
Regulation by government.

 

[Revoltingest]

It's called competition.
You might prefer communism

Liberals & the young love the concept
that whatever they don't like can be
fixed by having government control it.

 

[Revoltingest]

To us that's super cold.

To us that's a heat wave this season.

 

[Audie]

To us that's a heat wave this season.

I lived in NYC .

Cold is not for me.

But it's funny to watch tourists here
so sweaty when it's just right for me

 

[Revoltingest]

I lived in NYC .

Cold is not for me.

But it's funny to watch tourists here
so sweaty when it's just right for me

I've been to NYC.
Filthy crowded spendy cities are not for me.
And it's always too warm there.
But I hear Singapore is at least clean.

 

[The Sum of Awe]

It's called competition.

Competing for a single house that one wants to live for and winning because they have more money is competition (fair game).

Already owning a house, buying another one (that would be perfect for someone less fortunate) just to milk it for money, is called avarice.

You might prefer communism

Not really. Free market is fine, as I understand it. Just wish we could fix some of those loopholes that allow the greedy to win and control the market (making it less free).

 

[Revoltingest]

Already owning a house, buying another one (that would be perfect for someone less fortunate) just to milk it for money, is called avarice.

Renters need housing too.
Avarice is the motive to provide it to them.

A common cry by lefties has been "You charge more than it costs!".
Well, duh! Who would invest in something if there were no profit, eh.
Every business charges more than it costs....typically.
(Charging less than it costs isn't sustainable.)

 

[The Sum of Awe]

Renters need housing too.
Avarice is the motive to provide it to them.

A common cry by lefties has been "You charge more than it costs!".
Well, duh! Who would invest in something if there were no profit, eh.
Every business charges more than it costs....typically.
(Charging less than it costs isn't sustainable.)

Renting I can get behind. Except there are a lot of renters that I'm sure overcharge. $1000 a month for one bedroom in LA? Why?

 

[Revoltingest]

Renting I can get behind. Except there are a lot of renters that I'm sure overcharge. $1000 a month for one bedroom in LA? Why?

W/ho is to say that's "overcharging", eh.
Desirable areas will cost more because
of demand.
But government sees this, & raises property
taxes too, as do service providers with prices.
Complex, eh.

 

[Audie]

Competing for a single house that one wants to live for and winning because they have more money is competition (fair game).

Already owning a house, buying another one (that would be perfect for someone less fortunate) just to milk it for money, is called avarice.




Not really. Free market is fine, as I understand it. Just wish we could fix some of those loopholes that allow the greedy to win and control the market (making it less free).

You choose to call it "greed and avarice".
"Loopholes".
You are wohi g with with multiple
fallacies.
Ignorance- you don't know the people
or their circumstances.
Include the overgeneralizing fallacy.

The there's bias. We could point to more
fallacies but never mind.

I bought a house in Coral Gables Fla.,
not long ago. I've never been to Coral
Gables. It was up for sale but there
were issues. We solved those and
more or less doubled our money.

I should have left it for someone else
to buy? This was no middle income
'"starter" house.

When it was ready to sell. it should
sell for half what it's worth?

Call it as you like but what you call
greed looks to me like jealousy turned
inside out.

 

[Audie]

I've been to NYC.
Filthy crowded spendy cities are not for me.
And it's always too warm there.
But I hear Singapore is at least clean.

Singapore is clean, ultramodern and
warm enough for me year round.