f7ben Posted March 2, 2020 Share Posted March 2, 2020 36 minutes ago, ArcticCrusher said: Are they flipping? No, they hold long term and build new rentals and renovate older ones. It's a long term strategy idiot. Kill yourself Quote Link to comment Share on other sites More sharing options...
racer254 Posted March 2, 2020 Share Posted March 2, 2020 I think there are a lot of people that need to look up the current laws on this before saying this is a good plan. Quote Link to comment Share on other sites More sharing options...
Anler Posted March 2, 2020 Share Posted March 2, 2020 No actually comrade Bernie wants the govt to own all of the houses and you will all live in govt housing! Nostrovia! Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted March 2, 2020 Share Posted March 2, 2020 52 minutes ago, f7ben said: Kill yourself Rich people don't waste their time flipping homes idiot. That's something the average person does to help get there. Fucking loser. 1 1 Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted March 2, 2020 Share Posted March 2, 2020 24 minutes ago, Anler said: No actually comrade Bernie wants the govt to own all of the houses and you will all live in govt housing! Nostrovia! Kill yourself. spot on. 1 Quote Link to comment Share on other sites More sharing options...
spin_dry Posted March 2, 2020 Share Posted March 2, 2020 1 hour ago, ArcticCrusher said: Are they flipping? No, they hold long term and build new rentals and renovate older ones. It's a long term strategy idiot. Bullshit. The fuckheads buy and sell groups of properties among one another. It’s the buying power of these large investment groups that’s driving up prices of dwellings. If you’re one of them then you’re part of the homeless problem. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted March 2, 2020 Platinum Contributing Member Share Posted March 2, 2020 (edited) So many experts yet nobody really knows what they are talking about. Funny....taxes that control what they think is bad behavior yet income or cg taxes won't change behavior in the same manner. Best one: Home flippers are a big cause of homelessness. Edited March 2, 2020 by Highmark Quote Link to comment Share on other sites More sharing options...
Zambroski Posted March 2, 2020 Share Posted March 2, 2020 2 hours ago, ArcticCrusher said: No it's not. Many middle class small contractors buying properties to Reno and sell. It's there livelyhood and they are far from being wealthy. What's next stocks, cause only the rich buy them. It’s almost like stepping into the twilight zone in some of these threads. Best to just watch the pigmen run around and set each others hair on fire. 4 minutes ago, Highmark said: So many experts yet nobody really knows what they are talking about. Funny....taxes that control what they think is bad behavior yet income or cg taxes won't change behavior in the same manner. Best one home flippers are a big cause of homelessness. Comical...almost. DAF is what it is. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted March 2, 2020 Share Posted March 2, 2020 10 hours ago, spin_dry said: Has the potential to put a dent in the homelessness issue. No it doesnt. Majority of homeless have mental issues that need to be addressed 1 Quote Link to comment Share on other sites More sharing options...
spin_dry Posted March 2, 2020 Share Posted March 2, 2020 Just now, Angry ginger said: No it doesnt. Majority of homeless have mental issues that need to be addressed So more Prozac. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted March 2, 2020 Share Posted March 2, 2020 Just now, Angry ginger said: No it doesnt. Majority of homeless have mental issues that need to be addressed I say we should strap them to rickshas. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted March 2, 2020 Share Posted March 2, 2020 13 minutes ago, spin_dry said: Bullshit. The fuckheads buy and sell groups of properties among one another. It’s the buying power of these large investment groups that’s driving up prices of dwellings. If you’re one of them then you’re part of the homeless problem. Go back to fearing for the Coronavirus dipshit. 2 Quote Link to comment Share on other sites More sharing options...
spin_dry Posted March 2, 2020 Share Posted March 2, 2020 Just now, ArcticCrusher said: Go back to fearing for the Coronavirus dipshit. The Chinese love them some Southern California real estate. fucking dummy Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted March 2, 2020 Share Posted March 2, 2020 3 minutes ago, Zambroski said: It’s almost like stepping into the twilight zone in some of these threads. Best to just watch the pigmen run around and set each others hair on fire. Comical...almost. DAF is what it is. Its painful to see some of the gross ignorance displayed here daily. The irony is they are only shooting themselves by trying to prevent opportunities that the rich don't even waste their time with. Ie, they are way beyond that. 1 Quote Link to comment Share on other sites More sharing options...
Zambroski Posted March 2, 2020 Share Posted March 2, 2020 Just now, ArcticCrusher said: Its painful to see some of the gross ignorance displayed here daily. The irony is they are only shooting themselves by trying to prevent opportunities that the rich don't even waste their time with. Ie, they are way beyond that. I literally don’t understand some of these comments. Two people that I know here that flip houses and neither are rich. In fact, they buy old crap houses that have been just destroyed and build them back to code. I don’t think either one have ever gotten more than $90k for any of their homes. The service they provide is a good one though. Many of these houses were unlivable and wouldn’t pass inspection. buT, MuH BernZiE!!!!!!!!! Idiots. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted March 2, 2020 Share Posted March 2, 2020 8 minutes ago, spin_dry said: The Chinese love them some Southern California real estate. fucking dummy You might want to educate yourself a little and look at the real estate portfolios transaction summaries to see just how full of shit you are. Quote Link to comment Share on other sites More sharing options...
f7ben Posted March 2, 2020 Share Posted March 2, 2020 2 minutes ago, Zambroski said: I literally don’t understand some of these comments. Two people that I know here that flip houses and neither are rich. In fact, they buy old crap houses that have been just destroyed and build them back to code. I don’t think either one have ever gotten more than $90k for any of their homes. The service they provide is a good one though. Many of these houses were unlivable and wouldn’t pass inspection. buT, MuH BernZiE!!!!!!!!! Idiots. That situation is 1% of speculative home purchase quit being so fucking stupid Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted March 2, 2020 Share Posted March 2, 2020 2 minutes ago, f7ben said: That situation is 1% of speculative home purchase quit being so fucking stupid Actually fix and flips a big part of the investment market and if you take those people out that housing stock doesn't get repaired Quote Link to comment Share on other sites More sharing options...
Zambroski Posted March 2, 2020 Share Posted March 2, 2020 3 minutes ago, Angry ginger said: Actually fix and flips a big part of the investment market and if you take those people out that housing stock doesn't get repaired It a big deal here. Our housing shortage is epic. But that’s because we’ve been liberal run for so many years and they scare off housing developers with high taxes and fees. Hell, many of these old homes are tax forfeits that are sold off to people that will fix them up so they don’t have to be torn down. To build a new home here...better pony up. I got hosed like I couldn’t believe on my permit fees and when I went down to city hall to complain I was basically told they don’t want new homes built here, they want their old homes renovated. 50-70 years of a resident owner “handyman specials”. No thanks. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted March 2, 2020 Share Posted March 2, 2020 15 minutes ago, f7ben said: That situation is 1% of speculative home purchase quit being so fucking stupid The level of retardation is just off the charts. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted March 2, 2020 Share Posted March 2, 2020 5 minutes ago, Zambroski said: It a big deal here. Our housing shortage is epic. But that’s because we’ve been liberal run for so many years and they scare off housing developers with high taxes and fees. Hell, many of these old homes are tax forfeits that are sold off to people that will fix them up so they don’t have to be torn down. To build a new home here...better pony up. I got hosed like I couldn’t believe on my permit fees and when I went down to city hall to complain I was basically told they don’t want new homes built here, they want their old homes renovated. 50-70 years of a resident owner “handyman specials”. No thanks. New builds here are over $300/sqft. Quote Link to comment Share on other sites More sharing options...
washedupmxer Posted March 2, 2020 Share Posted March 2, 2020 You already pay plenty of taxes flipping a house This could cause people not to flip and now it's just another another empty eye sore in the neighborhood. Brilliant Quote Link to comment Share on other sites More sharing options...
Rod Posted March 2, 2020 Author Share Posted March 2, 2020 Housing shortages are caused by government regulations Quote Link to comment Share on other sites More sharing options...
Mileage Psycho Posted March 2, 2020 Share Posted March 2, 2020 8 minutes ago, ArcticCrusher said: New builds here are over $300/sqft. American's couldn't give a fuck about the overpriced market in a shit hole country like Canada. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted March 2, 2020 Share Posted March 2, 2020 6 minutes ago, washedupmxer said: You already pay plenty of taxes flipping a house This could cause people not to flip and now it's just another another empty eye sore in the neighborhood. Brilliant No serious high net worth investor, myself included wants to invest in companies that speculate in real estate. Its a long term strategy and most of these companies also have limited redemptions (monthly/yearly). That's a good thing. Quote Link to comment Share on other sites More sharing options...
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