Another article showing concern in the housing market- yet the author may have lacked critical thinking

BMWTurboDzl said:
I could fix homelessness by banning the concept of public property.
Click to expand...

They just offset elsewhere including in prison

Most entities for better or worse recognize homelessness is cheaper than the state dealing with the problem, prison, state housing or otherwise.

Unless your planning on an escape from New York scenario nothing I’ve seen mentioned would put a dent in homelessness.
 
GON said:
Ph, your post is intriguing. I read an article of the top ten highest return for a landlord, and the top ten lowest return for a landlord.

Amoung the most profitable place to be a landlord were places like Shreveport, Louisiana and Peoria, Illinois.

Amoung the worst return in investment to be a landlord included San Francisco, Austin Texas, and Miami.

I was not expecting these type of results.
Click to expand...
There are 2 different ways to be a landlord: to hedge for price increase and compete with home owners, or to be a slum lord doing minimum and collect monthly rents from people who couldn't afford to buy ever in their lives.

You break even competing with home owners to outbid you, praying that inflation would work in your favor in San Francisco, or you pray that section 8 would turn your bad tenants into good and you do just enough to make sure housing authorities are off your back, but you know your home is eventually worthless as it age like an old car. It is very hard to get a good return in between.
 
Last edited:
  • Wow
Reactions: GON
Rmay635703 said:
They just offset elsewhere including in prison

Most entities for better or worse recognize homelessness is cheaper than the state dealing with the problem, prison, state housing or otherwise.

Unless your planning on an escape from New York scenario nothing I’ve seen mentioned would put a dent in homelessness.
Click to expand...

This is a reminder for everyone who wants to regulate their way out of any social problem. You can decide the winner between producers and consumers artificially but eventually the math has to work out. Making it hard to be a producers and your consumers will not be able to find someone to provide for them, or the other way around by letting producers decide what they want and buy the laws, and watch the consumers go away instead of paying you what you want.

People keep calling Hong Kong cruel by allowing those "coffin houses" apartments, but guess what? They are the last resort before people become homeless, and per capita Hong Kong has way fewer homeless than say, San Francisco, with minimum standard this and minimum standard that, eviction ban this and eviction ban that. Guess what happen when people decided to not be a landlord and take the home back for owner occupied then sell it a couple years later, just to quit being a landlord?

A friendly reminder: even Soviet and Commie China has black market, and smuggling, because you can't regulate your way into financial stability.
 
Rmay635703 said:
They just offset elsewhere including in prison

Most entities for better or worse recognize homelessness is cheaper than the state dealing with the problem, prison, state housing or otherwise.

Unless your planning on an escape from New York scenario nothing I’ve seen mentioned would put a dent in homelessness.
Click to expand...

Yes. In Jail unless the private property owner decided to allow them to remain.
 
5minuteslater.gif
 
zzyzzx said:
New homeowners across the U.S. are confronting a rapid depreciation in their home values.

www.newsweek.com

New homeowners lose $122,000 as housing prices drop

New homeowners face market downturn with average home value losses, risking negative equity.
www.newsweek.com www.newsweek.com
Click to expand...
Daily I track property prices in 16 housing markets west of the Mississippi. Housing market is still smoking hot west of the Mississippi. It may be hot east of the Mississippi, but I don't track that market.

Houses continue to sell at record high prices, regardless of what an author writes. The only homes that are not going under contract shortly after listing are homes that are undesirable, or grossly overpriced. Bidding wars with multiple offers over listing prices happen daily for desirable homes.
 
You must log in or register to reply here.

Similar threads

GON
Fitch rating on five states with the most overvalued single family home prices
Replies
8
Views
514
Dave Hess
GON
Outstanding video on home values now and the future
2 3 4
Replies
62
Views
2K
GON
GON
Housing continues to remain very strong, good homes listed contract in a few days, surprise price increases in Heber Valley, UT area
Replies
1
Views
248
CKN
GON
Misleading headline regarding home foreclosures; is there any integrity in media sources?
2 3
Replies
50
Views
2K
GMFan
GON
Interesting comments from one of my former students on housing
5 6 7
Replies
133
Views
5K
Donald
Back
Top