All Forum Posts by: Account Closed

But its not a distraction..... its an ideology. When people scream about deporting
illegal immigrants" they aren't talking about people that look or talk like them

Not always, and not universally. If I present you with a line up of 5 Brits and 5 poles, and you can tell me who is who accurately, good on ya. Not looking like them wasn't what pissed British off about Polish workers in their country.

Some people just don't like the concept of being a tax paying citizen, and having anyone who wants just able to walk in and squat in their country. Not just in the US.

They are also not the main problem regarding the OP's question.

1 Vote

Your best bet is to connect with people who can refer you by word of mouth to people that have done a good job for them, and at a fair price.

Contractors can smell a fish immediately, and I know this is going to piss people off on these forums, but the reality is, the world is chuck full of ones who will take you to the cleaners and back again, and think nothing of it when they sit in the front row at church on Sunday.

Local REI meetups. Connect with other people in your area who have been in your shoes, and can refer you to good people.

Yelp, google reviews and the better business bureau alone can't save you here.

1 Vote

Dallas, Texas

"what a racist trope"

Thats a distraction. They can all be white people from an impoverished nation and his point remains the same.

Problem with what he said is he seems content to blame the whole thing on them and not acknowledge the bigger fish regarding the issue.

2 Votes

Quote from @Dan H.:

Quote from @Account Closed:

Quote from @Dan H.:

Quote from @Account Closed:

Quote from @Henry Clark:

Always start with the numbers. What market? How many? What is rental cost? What is ownership cost? What group of people?

By renting trailers you may be causing the problem. By selling houses to them you may be causing the problem. What are your numbers?

Approach the question backwards. How would I increase the number of people who can’t afford housing? Dissect the issue.

360,000,000 people.

How many can’t afford housing. What do you mean by can’t afford housing? Can’t buy? Can’t rent?

Why is it bad that x% can’t afford housing? Unless you’re homeless you have housing. Are you talking about homeless? Define the who.

Or we could just admit that the realtors, lenders, and investors milking people dry and exploiting every law, ordinance and misguided government policy they could get their hands on was the problem.

Seems like you are anti capitalism.

Capitalism strives to maximize profits within the laws and regulations. This implies realtors, lender, and investors strive to maximize profit no different than the butcher, plumber, electrician, etc. The market will dictate their ability to earn money. Those that recognize how to build wealth often will, but they could choose to be philanthropic. They should not feel guilty making what they can anymore than the plumber should feel guilty about charging a rate that the market will pay.

There are communist countries that people are not paid on the market value of efforts. I have an aunt that was a national ballerina and her husband ( my uncle) was a film director in a former communist country. In the US these skills would have provided good/great wealth. They lived a fine life style, but not far above the lifestyle of lay people.

I have a friend that when various communist countries converted to capitalistic markets tried to hire some of these workers. The workers were used to not producing. He could not use them.

I choose to be a fan of capitalism. I choose to be on BP to help budding RE investors succeed. Why are you here?

We haven't had actual capitalism in this country for decades, with everyone running to the gov to get bailed out everytime they screw up or need help. So spare me the capitalism crap in defense of greed run amok.

Bottom line is, the OP asked about solving the housing crisis in America. Some choose to argue there isn't one to begin with. For those who feel there is, you might want to look at the people involved in pumping up the prices to absurdity over the last decade.

Not hard to figure out who there were/are, and squawking about capitalism like a parrot to justify it all does zero to address this situation.

Bs. Capitalism occurs when you recognize the opportunities. The bailouts do not negate capitalism. Capitalists recognize opportunities of low interests rates, government policies, bailouts, etc. it is what capitalists do.

Those that whine about capitalist leveraging the policies are depicting an anti capitalist perspective.

Using the word greed again depicts an anti capitalist perspective. Maximizing profit is what capitalist do. Any philanthropic tendencies should be separate from a business/profit perspective.

I question if you understand the site you are on and why most people are on this site.

Best wishes

This forum doesn't stand as a monolith to your opinions on "capitalism", and if you don't like dissent, tough ****. Welcome to earth.

Will agree on one thing you said- "Maximizing profit is what capitalist do". Thats right. And thats why regulation exists because we can't just leave the outcomes of our lives up to the byproduct of maximizing profit.

Maximizing profit is exactly what the Realtors, lenders and investors/speculators have done in a rampant fashion, and back to the original question posed by the OP- thats the root of the problem you speak of.

0 Votes

"buying an undervalued rental property"

Ya, those are just sitting around waiting to be bought.

0 Votes

Quote from @Dan H.:

Quote from @Account Closed:

Quote from @Henry Clark:

Always start with the numbers. What market? How many? What is rental cost? What is ownership cost? What group of people?

By renting trailers you may be causing the problem. By selling houses to them you may be causing the problem. What are your numbers?

Approach the question backwards. How would I increase the number of people who can’t afford housing? Dissect the issue.

360,000,000 people.

How many can’t afford housing. What do you mean by can’t afford housing? Can’t buy? Can’t rent?

Why is it bad that x% can’t afford housing? Unless you’re homeless you have housing. Are you talking about homeless? Define the who.

Or we could just admit that the realtors, lenders, and investors milking people dry and exploiting every law, ordinance and misguided government policy they could get their hands on was the problem.

Seems like you are anti capitalism.

I choose to be a fan of capitalism. I choose to be on BP to help budding RE investors succeed. Why are you here?

Not hard to figure out who there were/are, and squawking about capitalism like a parrot to justify it all does zero to address this situation.

0 Votes

Quote from @Henry Clark:

@Account Closed. Sounds like you're down on REI. I would find a different forum.

Well that's what you would do- in addition to dodging legitimate criticisms regarding REIs role in the current housing crisis, apparently.

1 Vote

Quote from @Mason Weiss:

I think the answer lies in the question, why do you need a 1:1 coach? What are the obstacles that you think a 1:1 coach would help you overcome? Hard to know if the coaching is worth the price until we hear the WHY behind wanting the mentorship.

This. You should have a specific sticking point or bottleneck, and reasonable expectation the specific coach can help you resolve it, or you're basically wide open to being taken for a ride.

2 Votes

Quote from @Palmer Thomas:

The solution is simple. America just needs to enforce its existing laws.

We currently have over 10 million illegal immigrants living in the US. These criminals are taking housing away from Americans and driving up prices. We simply need to deport them and housing prices would become much more affordable.

For some reason this obvious solution is never even brought up as a possibility.

Ok. I don't know who could deny the reality that would help. I know people would try, but the reality is it would help. But if I'm going to admit that, I also have to be fair and admit that it sure as hell won't fix everything, and is hardly the lions share of the problem.

Now how about back to the Realtors, lenders and investors trying to squeeze every last drop out of it they can for decades, fueled by ignorant (or deliberate) governement and central bank policy.

Nothing I love more than hearing I got outbid on yet another house by another investor from Shanghai in a highest and best bidding war orchestrated by the realtors, by the way.

0 Votes

Quote from @Chanel Pearson:

Quote from @Account Closed:

"DOWNSIDES of buying a bad fixer upper?"

Well the big downside is of course, if it doesn't go as planned, losing a big pile of money :)

"why are these houses not being scooped up? What am I missing?"

A question every buyer should be thinking about or asking. There are companies scouring every inch of real estate, coast to coast, who do this full time, have plenty of funding, experience, and often, political connections- they can definately see these properties, yet haven't snatched them up before you.

Too small of a project for them perhaps? all of them? Or maybe the numbers don't add up. The chances that something of value is just left sitting around on the shelf for retail level amateurs in these market conditions are pretty low. Not impossible. But really low.

This is why you have to be able to estimate all of it accurately yourself, or you're jumping in blind to a potential money pit.

Thanks Ralph.... as they say... if it's too good to be true it's probably not real. Though - anything could be a deal at the right cost perhaps? But often these seem like they aren't worth pursuing.

I just noticed something. Nova Scotia. Have you been to Jackson, MI before?

1 Vote

Jackson, Mississippi

All Forum Posts by: Account Closed

Account Closed has started 0 posts and replied 46 times.

Post: How do we solve the housing crisis in America???

Post: Difficulty Finding General Contractors

Post: How do we solve the housing crisis in America???

Post: How do we solve the housing crisis in America???

Post: I have an Idea and want some feedback!

Post: How do we solve the housing crisis in America???

Post: How do we solve the housing crisis in America???

Post: Cost of coaching/mentorship

Post: How do we solve the housing crisis in America???

Post: DOWNSIDES of buying a bad fixer upper? $50 K House in Jackson, MI