All Forum Posts by: Matthew Paul

Here in Maryland just outside of the city , teenagers would laugh at you if you offered $15.00 an hour . Mcdonalds starts at $16 an hour and cant get help . Landscapers make $23 an hour .

Basically if you do that , she owns the house and you are responsible to pay for it . 

Now 5 years from now , you get married and want to buy a house , you will have a hard time qualifying , because you still have a mortgage in your name .

Dont do it . 

If you have been thru 2 GCs building new houses , I would have to question why this is happening .   There is basically 1 main reason why I would not complete a job as a contractor . And that is money 

Quote from @Sam Zawatsky:

Yes, it will be sprayed on. I was thinking of having a coat of primer put on first too.

 Primer for sure , T 111 will suck up some paint . I used  SW Super Paint exterior on T 111 on a Garage . I used Semi Gloss . ( yes it shined for the first couple years , but it lasted 12 years until I decided to put on Vinyl to match the house 

Quote from @Scott Mac:

Where are we going with these posts.

This is a real estate forum, to discuss real estate issues, and to help each other make more money.

This seems to be falling into soft core political painfulness.

Maybe we should cut this thread???

 Its hard at this time of year to keep politics out of a discussion , especially when one candidate brings up a potential infusion into the real estate industry .

As long as attacks arent thrown at individuals and the discussion stays closer to real estate , I feel a bit of politics is good . 

But my political opinion is they ALL are a bunch of bums and need to go . 

Quote from @Susan Maneck:

Quote from @Dustin Faeth:

It's not a good thing....the last thing we need is more government spending and handouts which is going to increase inflation. Terrible policies like this and government overspending is what put us in the bad position we're in right now as a country 

 I don't think we are in a bad position as a country. We have full employment, inflation is down, interest rates are high, but not outrageously so, we just got spoiled. However, I think the only 'handout' I think we need right now is the child tax credit which both parties claim to support. We can start limiting the rest of our social welfare programs by simply raising minimum wage to a living wage.

Inflation down ?   I guess you havent been to the grocery store in the last couple years , filled up your gas tank , paid your insurance , or bought a car  ?  Rates arent real high like the 80's , but house prices are high due to inflation .

Raise the minimum wage to a " Living wage "     Living where ?   how much would that be ?

Rent a 1 bed apt in my area is $1900 a month , so 3 times the rent means you need to make $70K a year to rent that 1 bed apt .  So a 24 year old flipping burgers at McDonalds will make $70K a year .  Say Hello to the $25.00  Big mac . 

These first time home buyers have been poisoned by the TV shows like HGTV .   I had tenants , a young couple in their 20's that were looking to buy their first house . She wanted their "forever" home . She had a laundry list of what the house had to be and where it was located . After looking at close to 20 houses and not finding their dream home , especially in their price range , they were getting discourged .  I was talking to them and told them , you are buying your first house , not your last house . Dont become house poor , buy in a good school district , dont buy a fixer upper , you wont have the time after work , the $1000 every time you buy supplies , and wont want to live in the mess . 

They did find something a month later , I did a walk thru for them , it just needed cosmetics , nothing major . It was smaller than they dreamed of , but they got their start 

Quote from @Lucia Rushton:

Quote from @Account Closed:

Vice President Harris is expected to announce her plans at a rally on Friday. According to Forbes, it will focus on creating more affordable housing. Some of the finer points that I can see are $25,000 in down payment assistance for first-time homebuyers, 3 million new housing units within the next four years, tax credits for developers who build starter homes, investing $40 million in an innovation fund to tackle the housing crisis, and expanding a tax credit for housing developers who build affordable housing rental units.

Forbes also says she wants Congress to crack down on "predatory investors" who buy up rental homes and collude with each other to raise rental prices.

Just sharing this because there's obvious impacts on the housing market if this all takes effect.

This is basically just a summary of the Forbes article, you can read it in full here: https://www.forbes.com/sites/alisondurkee/2024/08/16/kamala-...

 This is a very interesting take on the announcement: https://www.tiktok.com/@leighthomasbrown/video/7403826658609...

 That was good

look for the signs that say "we buy houses "  . Give them a call .   Now whether you will find deals from them is another question all together 

Quote from @Mark Turner:

Where's the $25k coming from?  All of us, I think this is a political game to fool dumb people.  If it were to happen, it just means housing prices would go up making the downpayment money less effective.  Less Gov is better in real estate...hope people arent buying this propaganda.  

 The problem is that there are plenty of people that will fall for it .