Peruvian Connect
All Star
A bidding war of a few 1,000 isn't the same as a corporation paying double for a property
If houses depreciated like cars,wouldnt that solve most economic issues?
- Thread starter Still Benefited
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Peruvian Connect
All Star
Maybe but houses in the slums weren't regularly valued at 150,000 either
levitate
I love you, you know.
Believe in supply & demand in 2023 brehs
Why would the person who owns the house sell it to you for 10 grand? You can’t force them to sell it. And there lies your problem, if people wanted homes but others aren’t willing to sell at low prices what happens? The price goes up!
If you have a tool box, a tool shed, home improvement store account/s, know how to use YouTube videos, have friends or relatives with some skills your home will not depreciate in America. And some energy! 
This young chick really impressed me.
Tight story about this North Carolina couple.
news.yahoo.com
This young chick really impressed me.
Renter Friendly House Flip
Tight story about this North Carolina couple.
A North Carolina couple bought a rundown 107-year-old house for $320,000 and spent a year and a half restoring it on their own. It strengthened their marriage and preserved history — see how they did it.
The couple even got to know the octogenarian granddaughter of a former owner, who made an Instagram account to follow their renovation journey online.
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the cac mamba
Veteran
why is a house in miami worth more than the same house in arkansas?
levitate
I love you, you know.
“Historically low” interest rate paired with historically high home prices = ?
80 years ago homes cost like $100k in today’s dollars and shyt. So who cares if they had a high interest rate.
It's not. You just said it, it's the same house.
Peruvian Connect
All Star
You are correct in you can't force them to sell it, but the value isn't really up the homeowner. It can be, but as you see in todays market these values are ridiculous. the same house 4 years ago was worth 3/4x less than it is now. Thats ridiculous. You did no upgrades, no nothing, you just woke up and ya house is now worth 10x what you paid for it.
The home owner doesn’t have to do anything, the market changed. Builders aren’t building cheap starter homes anymore because they all got fukked during the housing crash. I’m Atlanta it’s pretty much all luxury homes or townhomes. That’s it. So if you want a single family house, you going to have to PAY.
You can’t force builders to build and again you keep ignoring the problem that there are more people who want to buy a home than there are homes available.
10K?that might be a little too cheap
But I guess if you think about it,at a certain point in depreciation it would make no sense to sell it. Unless you cant afford any kind of repairs some how. It would make more sense to keep it as secondary income to rent out.
Makes more sense to have people whove paid for their home. Then saved up to buy another home be the ones renting out homes to people. Its more of a natural progression than having 24 year olds buying homes and renting them out for AirBNB driving cost up.
Youd have people who already paid off a home by 35-40. Saved up to buy another by 45-50. Renting out a home to first time renters. This would probably even take some weight off social security. One flaw I see is I dont know what the incentive would be to rent vs rent to own
Might have to put an age limit on who can rent to own. Lets say maybe 25 and up,gotta show a good rental history first.
the cac mamba
Veteran
but here in the real world, more people want to live in miami, so it goes for more. hence, supply and demand
the cac mamba
Veteran
the population was 130 million in 1940. now its 330 million, and the amount of land hasnt changed. i dont know what to tell you“Historically low” interest rate paired with historically high home prices = ?
80 years ago homes cost like $100k in today’s dollars and shyt. So who cares if they had a high interest rate.
Peruvian Connect
All Star
I can tell you theres empty houses and building everywhere, but they knocking down trees and shiit to build new more expensive shiit.the population was 130 million in 1940. now its 330 million. i dont know what to tell you
