• 14 Posts
  • 87 Comments
Joined 1 year ago
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Cake day: June 15th, 2023

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  • Yeah, I don’t know why people keep posting that on Reddit and Lemmy. Having been a former landlord, eviction is not difficult, it’s just that some inexperienced landlords are not aware of the laws. You own the property, If someone moves in without an agreement from you, you evict them, or more accurately, you have them charged with breaking and entering, plus trespassing.

    I once rented to a couple where the boyfriend became verbally abusive and would throw things at his girlfriend during arguments. The thing is, he wasn’t on the rental agreement, she was. He refused to leave, I laughed and had his ass out within 3 hours.


  • I saved for years before I bought my second house (was living in my ‘starter home’ for wayyy longer than expected) and I didn’t think I’d be able to afford a much better house than I already had - prices were exploding, houses didn’t stay on the market for more than a few days at the most, and I just couldn’t see paying so much more than I could reasonably afford for a house that wasn’t much better than I already owned.

    Then 2008 happened, and suddenly I was the only buyer and I watched homes prices plumment in their listings. I bought a house that I’d seen listed at $360,000 just six months prior for $219,000 and scooped it up.

    It’s one of the few times in my life I actually was able to take advantage of ‘the dip’, but it took 10 years of saving while living in a house that was way too small for my family.


  • I work with a lot of tech directly related to the mortgage industry, and it’s kind of crazy to look at the data. Mortgage originations plummeted as interest rates rose (less people buying houses) but new construction - especially on lots that had been cleared but had been sitting undeveloped for several years - exploded in a rush, and it’s not clear why.

    I’ve been through previous mortgage corrections and this one is pretty tame by comparison to some others - the hard part about buying a house is that prices will rise for years upon years and waiting for a correction seems risky when you see prices rising out of your affordability. But in the past, it has always been true that the market will level out over time.


  • I had a mortgage in 1998 with 7.5%.

    I do make quite a bit more now but I am not sure I would be able to buy my current house at today’s prices (I refinanced when interest rates were low).

    On one hand, I don’t like when I read about ‘astronomical interest rates’ when I know the rates in the 70s, 80s and 90s were the same or higher than what we’ve had in the last 15 years. I’d prefer people understand that it’s the wages not rising along with price inflation that’s the issue.