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More real estate doom and gloom

kidwoo

kidwoo

Artisanal Tweet Curator
Aug 25, 2003
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Toshi said:
denverite.com

Only four U.S. cities were less affordable than Denver in March

Other than San Francisco, San Diego, Los Angeles and Miami, pretty much everywhere else is cheaper to live.
denverite.com denverite.com
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Hey, beat manhattan!

Must be the delicious, opaque, chewy mountain air
kdvr.com

EPA proposes to list Denver area air quality as ‘severe’

The U.S. Environmental Protection Agency is proposing to downgrade Colorado’s biggest population center from a “serious” to a “severe” violator of federal ozone standa…
kdvr.com kdvr.com


holy fuck at LA and SF

Makes sense I guess, we're over 1mil here


That list is missing a few new honky camps
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bozemanhousing.JPG
 
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kidwoo

kidwoo

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Aug 25, 2003
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Pesqueeb said:
So many threads this might fit in. @kidwoo, this one's for you.

coloradosun.com

Vail Resorts plans big investment in affordable housing. Town of Vail promises a fight.

Vail Resorts plans big investment in affordable housing. Town of Vail promises a fight.
coloradosun.com coloradosun.com
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would add some class to the joint





Vail is the most weirdest, most pretentious plastic 'town' I've ever been to in my life.


Funny that the town council actually seems like the bigger douche in the double douche, douche off.
 
Toshi

Toshi

butthole powerwashing evangelist
Oct 23, 2001
40,033
8,945
DaveW said:
Ouch!
I've got another year to go at 1.5% before the fixed interest term ends on mine.
Hopefully shit calms down before then.
Click to expand...
My mortgages:

Denver house (SFH, primary residence, conforming limit, conventional << 80% LTV): 1.75% x 15 years fixed, 0.1 point or so

Mountain house (SFH, second house, jumbo but conventional): 2.375% x 30 years fixed, 0.875 point paid for that rate

I'm definitely glad I went with fixed rate notes!
 
kidwoo

kidwoo

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Aug 25, 2003
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Pesqueeb said:
@mandown has touched on this subject before.

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shit lots of us were bitching about that in like 2011 when the capital investment firms all started figuring out how to mass buy at foreclosure auctions and make offers for places that never got listed. That's when my neighborhood started disappearing. It's only gone up with bigger and bigger 'investors' every year. The fact that zillow became a thing AND became one of the biggest buyers should have been a huge red flag. If we had a functional gov't that is.

I think everyone knows this at this point. The ole Observer seems late to the party. This was going on on the front range and summit county over a decade ago.
 
mandown

mandown

Poopdeck Repost
Jun 1, 2004
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Pesqueeb said:
@mandown has touched on this subject before.

Click to expand...
Nowhere is that consolidation more evident than in Charlotte — these firms now own one-quarter of all the rental houses in Mecklenburg County.

...

"I mean, look, if it got to the point where anybody had any level of concentration, whereby they were purchasing 100% of the housing stock, then yeah, that could be an issue," Howard said. "We are nowhere near that point."

He also bristled at the notion that these companies extract wealth from neighborhoods. Companies often pour thousands into renovations before renting out newly purchased homes to tenants for the first time, he said.

^^^ lolz
 
mandown

mandown

Poopdeck Repost
Jun 1, 2004
22,037
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What could go wrong?

www.cbsnews.com

California program allows first-time homebuyers to borrow down payment at zero percent interest

The loan has an interest rate of zero percent, but a portion of loan may come due if the homebuyer doesn't occupy the home for at least five years.
www.cbsnews.com www.cbsnews.com

ktla.com

New California program lets first-time homebuyers borrow down payment at 0% interest

California state officials in April launched a new program that lets first-time homebuyers borrow a down payment at a 0% interest rate. The program, the Forgivable Equity Builder Loan, provides for…
ktla.com ktla.com
The loan is available to Californians whose income is less than 80% of the Area Median Income in the county where the property is located.
That means the income limit will be different based on where people want to buy a house.
So for example, a Sacramento family can make up to $72,700 and qualify for the loan, while in Santa Clara County, the limit is $118,960.
In Los Angeles County, people would need to make no more than $68,880 to qualify for the program, according to the Fannie Mae Lookup Tool.
 
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kidwoo

kidwoo

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^that actually mimics most affordable housing programs already. That's no different than a HELOC taken out at the time of the purchase, just no interest.

5 years seems a little long if curbing the investor vultures is their goal with that.
 
rideit

rideit

Bob the Builder
Aug 24, 2004
24,889
12,648
In the cleavage of the Tetons
Well, the sickening bubble here continues to grow. The average median price of a home in Teton County just climbed to over $4 MILLION. (Is there anywhere higher in the US? I really don’t know).
Our neighbor’s basic-ass house just went on the market two days ago, and got four bids in the first few hours. We bought our true skid-shithole in ‘13 for a laughable amount, renovated it, and is now is the nicest/biggest on the block.
On the one hand, it means our tax bill is increasing by 30-50%. OTOH, we will be able to rent it at below market rates to a family we like when we retire, and live off of it.
SMDHJFCLOL


https://www.zillow.com/homedetails/4...94365523_zpid/
 
Jm_

Jm_

sled dog's bollocks
Jan 14, 2002
20,396
10,863
AK
rideit said:
Well, the sickening bubble here continues to grow. The average median price of a home in Teton County just climbed to over $4 MILLION. (Is there anywhere higher in the US? I really don’t know).
Our neighbor’s basic-ass house just went on the market two days ago, and got four bids in the first few hours. We bought our true skid-shithole in ‘13 for a laughable amount, renovated it, and is now is the nicest/biggest on the block.
On the one hand, it means our tax bill is increasing by 30-50%. OTOH, we will be able to rent it at below market rates to a family we like when we retire, and live off of it.
SMDHJFCLOL


https://www.zillow.com/homedetails/4...94365523_zpid/
Click to expand...
Would they be worth as much after fire?
 
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