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cakesmith handyman posted:If you know you'll be in that business for a while would it be worth it to get a while bunch shipped from Japan wholesale? Both wheels and tyres? It’s either ship per set or get a container full, which I’m talking I’d like 10 sets right now not hundreds. Surface mail isn’t available right now and they stopped allowing inner cargo in vehicles which was almost free.
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Aug 1, 2021 20:20
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Advent Horizon posted:That’s still cheaper than real estate. Our house has nearly doubled in the last 8 years. on par with the lower 48. When nobody can afford buy it'll be a generation of renters.
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Aug 1, 2021 20:29
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cursedshitbox posted:on par with the lower 48. I'm going to an auction tomorrow for the house next door to mine. It's been abandoned since 2015, had squirrels in the attic for the last 18 months, and isn't anything special. It'll likely go for more than we paid for our place in 2008. We've been saving up for this exact opportunity, but I can't hold any hope that we'll be able to win it without spending stupid money. Sigh, at least whoever buys it after the flippers are done won't be poor.
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Aug 1, 2021 20:51
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Advent Horizon posted:That’s still cheaper than real estate. Our house has nearly doubled in the last 8 years. We bought out first house for $146k and sold it for $223k roughly 21 months later. Projections put it at $270k now. We're incredibly lucky to have gotten out of that house and into the one we have now.
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Aug 1, 2021 20:55
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sharkytm posted:I'm going to an auction tomorrow for the house next door to mine. It's been abandoned since 2015, had squirrels in the attic for the last 18 months, and isn't anything special. It'll likely go for more than we paid for our place in 2008. We've been saving up for this exact opportunity, but I can't hold any hope that we'll be able to win it without spending stupid money. Sigh, at least whoever buys it after the flippers are done won't be poor. You assume it won't either just continue sitting there empty being used as a place to store cash or get rented out? Seems like people buying houses to actually live in them are in the vast minority now. As a millennial under 35 I used to think I could wait a while and house prices would come down, but now I'm of the suspicion that they practically never will and my generation and those after me will just rent forever. The same sort of thing I think is going to happen to lots of purchases, like software and even cars for example. It seems that 'the market' is softening us up to the idea of never owning anything and perpetually renting (see lots of news articles these days about how young people 'prefer the freedom' of renting and don't even want to buy things!). As somebody who's practically a communist in some ways I'm not against the idea of abolishing private property, but I'm absolutely not down for that if it means that corporations and slum lords own everything instead.
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Aug 1, 2021 21:01
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sharkytm posted:I'm going to an auction tomorrow for the house next door to mine. It's been abandoned since 2015, had squirrels in the attic for the last 18 months, and isn't anything special. It'll likely go for more than we paid for our place in 2008. We've been saving up for this exact opportunity, but I can't hold any hope that we'll be able to win it without spending stupid money. Sigh, at least whoever buys it after the flippers are done won't be poor. That would be so awesome if you score it. I went to the auction next door to my parents custom built house - 95 year old good neighbor passed but house was falling apart. Sold for $429 and it was worth 100 in 1995 when it was in nice shape. But they did get good new neighbors out of it who immediately plowed 150 in it to make it decent.
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Aug 1, 2021 21:26
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House stuff is insane, place I bought in April is up 10%.
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Aug 1, 2021 22:23
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I have no plans on selling my house, but yeah the market has gone bananas. We paid 169k for our house seven years ago and the estimate now is like 258k, and we don’t even live anywhere near anything. My old house (which I still own) that I bought for 58k is like 120k now. Wtf.
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Aug 1, 2021 23:04
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I found some 12” tires that say they are in stock that are actually 8 ply commercial grade light trucks tires from Performance Plus. Will see if my order gets cancelled tomorrow ordered 3 sets.
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Aug 1, 2021 23:10
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trouser chili posted:Blu cheese got me last time. How do you tell when blue cheese goes bad? It’s already got mold in it. One way I’ve learned is to eat it and regret later. Very cleansing though! Wow nice, how do you like it? Also did you move to Florida or just buy the car there 
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Aug 1, 2021 23:13
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Blackhawk posted:but I'm absolutely not down for that if it means that corporations and slum lords own everything instead. Looks like that's the direction it's heading. I was just in the Florida keys and a guy I talked to that just bought a house there said he got extremely lucky because property rental companies are buying everything up, as much as they can. The rich get richer and will own all the properties too, gently caress you plebs!
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Aug 1, 2021 23:19
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Just got off phone with a friend from high school and college, he put his house on the market Friday and has three offers today. The lowest offer is $15k cash over asking at $235k for a house he bought three years ago for 160k. Ours has a bit more than doubled since 2017, that's before factoring in the improvements we've done. It's crazy. My youngest brother is over in Asheville, NC and prices are nuts. Anything under 200k is snapped up immediately and is either a regular rental or vacation rental within a couple months. He makes pretty good money but he's looking at 250-325k houses with 1500 sqft and that is just crazy. The housing market over there is absolutely insane, not sure if it'll crash or just get worse.
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Aug 1, 2021 23:41
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The cheapest house I can find near me is $879k CAD. It clearly needs at least $80k more worth of work and it’s still an hour’s commute from Vancouver proper. My dad’s house in the same general area is worth a cool million, and he paid 180k for it in 1993. I am pretty sure I will never own property.
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Aug 1, 2021 23:49
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Last time I was in Hawaii I talked to a guy on Maui that was gonna be homeless because the apartment buildings on his street were bought up by investment capital that was just gonna let them sit empty, waiting for their "investment" to go up in price enough to make big profits without the hassle of dealing with tenants.
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Aug 2, 2021 00:49
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The rental companies need to stop this poo poo. I’m fine with apartment rentals because condos are dumb but loving houses need to be affordable.
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Aug 2, 2021 00:49
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RIP Paul Walker posted:The rental companies need to stop this poo poo. I’m fine with apartment rentals because condos are dumb but loving houses need to be affordable. Problem is that investment banks are being given endless free money to stop the stock market crashing and they have to spend it on something and property is an easy thing to buy.
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Aug 2, 2021 01:28
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Blackhawk posted:You assume it won't either just continue sitting there empty being used as a place to store cash or get rented out? Seems like people buying houses to actually live in them are in the vast minority now. As a millennial under 35 I used to think I could wait a while and house prices would come down, but now I'm of the suspicion that they practically never will and my generation and those after me will just rent forever. It'll get flipped quickly is my inkling. It won't sit empty, and rent won't cover the mortgage with any profit. We'll see. I can't go higher than 300k. We paid 335k in 2008, and it's worth 800k now, but we've put 150k into it, including 45k in solar.
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Aug 2, 2021 01:50
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Blackhawk posted:You assume it won't either just continue sitting there empty being used as a place to store cash or get rented out? Seems like people buying houses to actually live in them are in the vast minority now. As a millennial under 35 I used to think I could wait a while and house prices would come down, but now I'm of the suspicion that they practically never will and my generation and those after me will just rent forever. The next collapse is coming. That’ll be the time to enter the market. How’s your credit rating? Concentrate on that and savings. Home prices rarely drop, but they do stagnate for long periods of time. The key is to time the end of that stagnation period as your time to enter market.
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Aug 2, 2021 03:50
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Applebees Appetizer posted:Wow nice, how do you like it? I liked it on all the test drives. I don’t take this one till end of Aug. It’s a dealer promotional unit for now.
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Aug 2, 2021 04:18
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Guess who's in a sling and has a hip full of IM Toradol? With rotator cuff issues? I'm too old to be doing this drat job anymore.
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Aug 2, 2021 05:11
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trouser chili posted:The next collapse is coming. That’ll be the time to enter the market. How’s your credit rating? Concentrate on that and savings. Home prices rarely drop, but they do stagnate for long periods of time. The key is to time the end of that stagnation period as your time to enter market. We're in a weird spot I think too because interest rates never went back up. 2001-2007 they were 5-7 percent, before that they were higher. Rates went down to spur recovery and haven't gotten back up. A few percentage points makes a big difference in the monthly payment, so even without wages going up home values could increase. So where do we go from here? Even if housing prices crash its probably in line with people losing their jobs and even more houses get scooped up by investors. I can't imagine rates going up in that scenario either. I think the only way housing prices go down is a huge wage jump coupled with an interest rate hike. And they maybe don't go down but they stay the same.
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Aug 2, 2021 05:21
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RIP Paul Walker posted:The rental companies need to stop this poo poo. I’m fine with apartment rentals because condos are dumb but loving houses need to be affordable. Yup. Guess when they buy. trouser chili posted:The next collapse is coming. That’ll be the time to enter the market. How’s your credit rating? Concentrate on that and savings. Home prices rarely drop, but they do stagnate for long periods of time. The key is to time the end of that stagnation period as your time to enter market. During these things. It doesn't help pricing that a shitload of houses are owned by large rental agencies. Want to buy in during the next bust cycle? Polish everything you got N O W.
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Aug 2, 2021 06:17
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I just watched the NYT visual timeline of the capital insurrection. Holy gently caress
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Aug 2, 2021 06:35
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Nidhg00670000 posted:Last time I was in Hawaii I talked to a guy on Maui that was gonna be homeless because the apartment buildings on his street were bought up by investment capital that was just gonna let them sit empty, waiting for their "investment" to go up in price enough to make big profits without the hassle of dealing with tenants. We have a MIL apartment and our tenants are grad students doing their student teaching year. They applied for housing assistance through The State and were approved. Now it’s my turn. I’ve now made three phone calls, dug out my tax returns for the last two years, and need to stop by the bank to get some paperwork the rental assistance place is demanding. They had 800 slots statewide for rental assistance and there is still space available. At this point I’m going to get this drat application finished out of spite for the system. And I’m the landlord!
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Aug 2, 2021 07:51
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New Grand Tour is out!!!
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Aug 2, 2021 09:09
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trouser chili posted:I liked it on all the test drives. I don’t take this one till end of Aug. It’s a dealer promotional unit for now. You're letting a dealer use your brand new car as a demo? Where the car's selling point is the new go-fast turbo motor? Risk taker identified.
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Aug 2, 2021 11:58
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EVERYWHERE 
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STR posted:Guess who's in a sling and has a hip full of IM Toradol? With rotator cuff issues? Bring on ROBOSTR
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Aug 2, 2021 12:55
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trouser chili posted:The next collapse is coming. That’ll be the time to enter the market. How’s your credit rating? Concentrate on that and savings. Home prices rarely drop, but they do stagnate for long periods of time. The key is to time the end of that stagnation period as your time to enter market. the last "collapse" made it such that prices stayed flat in my area, although it has slowed a bit - up about 15% over the last five years. it's still not possible for me to buy a home in my neighborhood without some serious reaching.
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Aug 2, 2021 16:32
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my house value has gone up 300k in the past 3 years which is absolutely insane
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Aug 2, 2021 17:14
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The difference as I see it between 2008 and now is: 2008 Institutional Investors owned Mortgage Back Securities which failed and as they failed other derivatives that were based on MBS also failed causing huge write downs of financial assets that stopped banks lending to each other and the governments of the world had to pump money into the markets so the banks would lend to each other and to retail customers. Whether they did or not is a different discussion but that was the logic. Today Institutional Investors are selling MBS to the government (look up Reverse Repo) in return for cash and then hold too much cash as per federal regulations so have to spend it on something. After being burned in 2008 with MBS they are just buying the tangible asset (houses) seeing that they can buy it and make monthly carry on the balance sheet by renting it out and the fact they are buying the available stock out as soon as it is available they are causing their investments to go up in value at the same time it is like owning a stock that is rocketing up that also pays a monthly dividend which is unheard of in financial instruments like stocks. So the banks own the homes and may even have mortgages on them to package into MBS to sell to the Fed to get more money to buy more houses which they can then package the mortgages on to sell to the Fed etc... this is a very layman view of the situation but seems to follow what we are seeing. Are banks buying all the homes? No. Are they buying enough of them to impact the market? I say yes.
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Aug 2, 2021 17:40
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Rhyno posted:A 15 minute sink sprayer replacement turned into a 4 hour ordeal today. So that's fun. This is why I am loathe to try and fix anything in my house, most days. It's not always, but often enough one problem reveals 10 more, or *that one fastener*... Imperador do Brasil posted:I have no plans on selling my house, but yeah the market has gone bananas. I'd love to sell my house - estimated value is over $200K for a house I paid $89K for in 2000 - but I'd have to find *another* house, first. Preferably with a little land for a shop. RIP Paul Walker posted:I just watched the NYT visual timeline of the capital insurrection. According to NYT, the new narrative from the Republicans is that it was Nancy Pelosi's fault. Where in the gently caress do they get that, and when do they stop this poo poo? How big a lie will it be before idiots stop buying it? IT thunderstormed like crazy last night. This morning, the dome light in my Crown Vic peed on the floor.  Guess I need to seal up the hole in the roof better:  I plan to weld a plug in there when I swap out the headliner for a civilian one (cop headliner is different - it has crash protection built in, like a helmet, but also no grab handles, or rear courtesy lights) and overhead console I have. For right now, I think I'll slap a piece of white outdoor sticker vinyl over it to avoid just gooping it over with silicone sealer.
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Aug 2, 2021 17:47
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Darchangel posted:I plan to weld a plug in there when I swap out the headliner for a civilian one (cop headliner is different - it has crash protection built in, like a helmet, but also no grab handles, or rear courtesy lights) and overhead console I have. For right now, I think I'll slap a piece of white outdoor sticker vinyl over it to avoid just gooping it over with silicone sealer. If you have any 3m paint protective film, you could cut a circle out and with a bit of Texas heat make it conform to the cap and seal to the paint.
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Aug 2, 2021 18:02
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meatpimp posted:If you have any 3m paint protective film, you could cut a circle out and with a bit of Texas heat make it conform to the cap and seal to the paint. I don’t, but I do have the vinyl for my cutter, so that’s why that is the plan. It only has to last long enough for me to decide “today is the day the headliner comes out”. Of course, that’s also the day the front seats will have to me out so the headliner can be removed from the car…
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Aug 2, 2021 18:30
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trouser chili posted:The next collapse is coming. That’ll be the time to enter the market. How’s your credit rating? Concentrate on that and savings. Home prices rarely drop, but they do stagnate for long periods of time. The key is to time the end of that stagnation period as your time to enter market. Yup. I bought in 2010, bottom of the market was 2012ish here. Paid 38k and if trends continue I'm putting it on the market for 300. That was my bootstrap into being able to own actual nice things, though I don't due to personal preference. I don't think pre-owned or new construction you didn't do yourself will ever be affordable again, speculators are snapping it all up as you've all said. And they're trying to buy all the buildable land too - we get 3-4 form letters a week trying to buy our land in Washington so someone can build on it and sell it for crazy money. Another crash is almost certainly coming and a lot of people are about to be upside down on their freshly purchased houses. Don't be one of them. I'm just hoping to sell before that happens, wait a few months till the contractors are getting desperate to cover equipment loans and mortgages and get my septic, site work, and concrete done at a good price. I can handle the rest after that.
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Aug 2, 2021 18:55
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I just tried to hang an IKEA floating shelf i've had sitting around and I somehow forgot that it was the old piece of poo poo design they discontinued that no matter what you do you can't make it level so anything you put on it slides off onto the floor GOD drat IT I CHEWED UP THE WALL WITH ANCHORS DOING THIS poo poo. sigh. Guess I'm patching some holes tomorrow.
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Aug 2, 2021 19:05
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Nidhg00670000 posted:Last time I was in Hawaii I talked to a guy on Maui that was gonna be homeless because the apartment buildings on his street were bought up by investment capital that was just gonna let them sit empty, waiting for their "investment" to go up in price enough to make big profits without the hassle of dealing with tenants. It would be morally acceptable to burn them to the ground. Not legally, mind. But morally yes.
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Aug 2, 2021 19:08
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kastein posted:Yup. I bought in 2010, bottom of the market was 2012ish here. Paid 38k and if trends continue I'm putting it on the market for 300. That was my bootstrap into being able to own actual nice things, though I don't due to personal preference. Yeah well the trick is in the timing, the odds of me selling my house for peak price right before the market levels out or drops to get another one is tricky, I know people that have sold and are renting waiting for the right time but who knows when that will be and if it would even be worth it. We have discussed moving further south to a less populated area because it's getting ridiculous where we are now, there's just too many loving people here.
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Aug 2, 2021 19:52
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StormDrain posted:We're in a weird spot I think too because interest rates never went back up. 2001-2007 they were 5-7 percent, before that they were higher. Rates went down to spur recovery and haven't gotten back up. A few percentage points makes a big difference in the monthly payment, so even without wages going up home values could increase. I don't know what's going to happen but I just assume things will progressively just get worse like they always have. I'm really worried that the end of the eviction moratorium is going to free up enough inventory in the market that will draw down home values enough to create a chain reaction but idek about this stuff to me a house is a pile of wood and windows that the government will throw you out of if you don't pay your taxes. I do not think a house is an asset but depending where you are it could be the move and it's certainly better than living in a noisy apartment building lol. My buddy's super successful dad told me to keep my hands in my pockets and I'm assuming that's probably the best thing to do at the moment. Just wait for an opportunity to arise because I have a feeling there will be plenty of great deals in the next few years. I just caught up on the last thread - I think you guys are right - at this point I should just build a 12+ 3.5in bay NAS.
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Aug 2, 2021 20:22
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We rent where we do because it's a really good school system, and that's always been a "well, we could buy [out there] but the schools are way worse". Uh, last week, they announced that they're pretending COVID is over and it's cool, just send your kids back. What? No, 6 year olds will definitely keep their masks on. Don't you see how well the adults are doing it?
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Aug 2, 2021 21:23
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Krakkles posted:We rent where we do because it's a really good school system, and that's always been a "well, we could buy [out there] but the schools are way worse". That's pretty horrible - I'm thankful to not have the responsibility of children on my plate at the moment :/ If I were in that situation and had the resources to do it I would probably just opt to homeschool. Facebook conspiracy mom implications aside, at 6 years old what are you really learning in school you know? At that age I feel the benefits of schooling are mostly social and I can not imagine someone truly "falling behind" because they missed the first grade.
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Aug 2, 2021 21:29
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