Vancouver is absurd with the Chinese nationals hiding their dirty money in real estate so it cant be taken back by the state. As a result priced out the locals.
There is a site called Crack Shack or Mansion that highlighted this phenomenon years ago.
The rental house market is pretty lucrative. If so many people weren't in the renting market, this type stuff would go away. Rent prices are totally absurd.
When you've got a so many people who signed up for a huge pile of student debt and a bunch of credit cards they can't pay, and the total inability to save the tiny percentages of money required for something like an FHA down payment, then they can't buy a house. Add to that all the people that are just too damn afraid that something might go wrong they pay a landlord for eternity more than it costs to maintain and repair the house and here we are.
^this pretty much. I’m looking to purchase a house soon and the market is so fucked that I’m renting while trying to improve my credit so I can at least get a 97 loan instead of a shit tier FHA one. It’s reaaallll easy to look at the market and go full doomer
Add to that all the people that are just too damn afraid that something might go wrong they pay a landlord for eternity more than it costs to maintain and repair the house and here we are.
Sometimes I wonder if you could just put a property manager on retainer to have them find contractors and schedule repairs for your own house that you then paid for out of pocket.
Depends on the condo. Some have per-unit hot water heaters and heaters/air conditioners for example, in which case the owner would have to deal with it. But yeah things like roofs and siding would be done by the condo board.
I just got spoiled when I owned a rental where I hired a property manager being able to let the property manager deal with all the maintenance logistics. I was fine being the cutter of checks as long as the property manager dealt with finding good contractors and dealing with scheduling.
Fascism was supposed to do what was in the best interest of the nation; nation defined as group of people and the territory that they traditionally occupied.
The US government vehemently hates Americans and thus can't be fascists but some other form of totalitarian regime.
Back when the Institutional SFR rental industry started in the aftermath of the Housing Bubble bursting, the approach the firms took was to buy new-ish houses, rent them out for a few years to capture the depreciation, and attempt to sell them to the current tenants with owner financing before some major repair needed to be made to the property (eg. new roof). Curious if this is that same model or something else.
Usually single-family homes aren't built to be rented: the interior fixtures are either too nice/expensive for a rental, aren't designed to hold up to the additional wear that comes with it being a rental, or aren't designed to be easily repaired/replaced when they eventually wear out.
Consent to believe in suggested value (money) devalues choice (free will) of evaluation; usury consolidates all consented to monetary value (ignorance of free will) into the illegitimate ownership of the few; who utilize it then to put participating in reality behind a paywall of compliance to suggested self destruction.
ONEs free will of choice within ALL is not to claim ownership; but about utilizing ALL offered for the sustenance of ONEself.
Money does not exist within reality; consenting to suggested value of money represents ignoring reality; ignoring reality represents ignoring to sustain oneself within reality; ignorance of self sustenance represents want over need aka falling for a temptation luring one towards death.
permanent capital competing with
CAPITAL, adjective - "literally, pertaining to the head; figuratively, as the head is the highest part of a man, chief; principal; first in importance". ONE represents the temporary "capital" within ongoing ALL...no conflict.
Primary (homegrown); secondary (barter), and after that I did learn to enjoy haggling; I buy bulk and most supermarket stuff I buy through the back entrance. As for money...as long as the faith (ignorance) of the many in money exits; so long will the few exploit them for it, and me comprehending both sides means I have access to infinite (temptation), as well as the dedication to only ever use what I need. In other words...I don't want money; which is why money is always attracted to me.
Perceive symptom; suggest poison to corrupt comprehension of cause. In other words "prescription ignorance administered through suggestion".
MED'ICINE, noun [Latin medicina, from medeor, to cure]. Adherence to flow cures form...CURE, noun [Latin, to cure to take care, to prepare.] aka forms responsibility over self within flow.
So what China did to Canada?
Vancouver is absurd with the Chinese nationals hiding their dirty money in real estate so it cant be taken back by the state. As a result priced out the locals.
There is a site called Crack Shack or Mansion that highlighted this phenomenon years ago.
The rental house market is pretty lucrative. If so many people weren't in the renting market, this type stuff would go away. Rent prices are totally absurd.
When you've got a so many people who signed up for a huge pile of student debt and a bunch of credit cards they can't pay, and the total inability to save the tiny percentages of money required for something like an FHA down payment, then they can't buy a house. Add to that all the people that are just too damn afraid that something might go wrong they pay a landlord for eternity more than it costs to maintain and repair the house and here we are.
^this pretty much. I’m looking to purchase a house soon and the market is so fucked that I’m renting while trying to improve my credit so I can at least get a 97 loan instead of a shit tier FHA one. It’s reaaallll easy to look at the market and go full doomer
Sometimes I wonder if you could just put a property manager on retainer to have them find contractors and schedule repairs for your own house that you then paid for out of pocket.
That's not so dissimilar from the condominium model, right?
Depends on the condo. Some have per-unit hot water heaters and heaters/air conditioners for example, in which case the owner would have to deal with it. But yeah things like roofs and siding would be done by the condo board.
I just got spoiled when I owned a rental where I hired a property manager being able to let the property manager deal with all the maintenance logistics. I was fine being the cutter of checks as long as the property manager dealt with finding good contractors and dealing with scheduling.
So, what's the angle here? An attack on REITs?
Communist, corporate dystopia where the state and corporations are combined into one... same thing.
We are already living in the second one.
That's fascism.
Not necessarily, fascism was less evil than the current US government.
No fascism is literally the government and corporations working together in the interests of the state.
That's what the system is.
Fascism was supposed to do what was in the best interest of the nation; nation defined as group of people and the territory that they traditionally occupied.
The US government vehemently hates Americans and thus can't be fascists but some other form of totalitarian regime.
Who determines the nation's best interests in a fascistic regime?
Certainly not you.
I wish people would stop quoting that video. It was bullshit then and it's still bullshit now.
Remember when that "leaked Canadian government meeting" was everywhere? They said we'd mostly all be dead by now.
Back when the Institutional SFR rental industry started in the aftermath of the Housing Bubble bursting, the approach the firms took was to buy new-ish houses, rent them out for a few years to capture the depreciation, and attempt to sell them to the current tenants with owner financing before some major repair needed to be made to the property (eg. new roof). Curious if this is that same model or something else.
Usually single-family homes aren't built to be rented: the interior fixtures are either too nice/expensive for a rental, aren't designed to hold up to the additional wear that comes with it being a rental, or aren't designed to be easily repaired/replaced when they eventually wear out.
Consent to believe in suggested value (money) devalues choice (free will) of evaluation; usury consolidates all consented to monetary value (ignorance of free will) into the illegitimate ownership of the few; who utilize it then to put participating in reality behind a paywall of compliance to suggested self destruction.
ONEs free will of choice within ALL is not to claim ownership; but about utilizing ALL offered for the sustenance of ONEself.
Money does not exist within reality; consenting to suggested value of money represents ignoring reality; ignoring reality represents ignoring to sustain oneself within reality; ignorance of self sustenance represents want over need aka falling for a temptation luring one towards death.
CAPITAL, adjective - "literally, pertaining to the head; figuratively, as the head is the highest part of a man, chief; principal; first in importance". ONE represents the temporary "capital" within ongoing ALL...no conflict.
I want to watch you buying groceries
Primary (homegrown); secondary (barter), and after that I did learn to enjoy haggling; I buy bulk and most supermarket stuff I buy through the back entrance. As for money...as long as the faith (ignorance) of the many in money exits; so long will the few exploit them for it, and me comprehending both sides means I have access to infinite (temptation), as well as the dedication to only ever use what I need. In other words...I don't want money; which is why money is always attracted to me.
Take your meds.
Perceive symptom; suggest poison to corrupt comprehension of cause. In other words "prescription ignorance administered through suggestion".
MED'ICINE, noun [Latin medicina, from medeor, to cure]. Adherence to flow cures form...CURE, noun [Latin, to cure to take care, to prepare.] aka forms responsibility over self within flow.
Is North Dakota nice? I'm looking to leave the big city.