texasfishingforum.com logo
Main Menu
Advertisement
Affiliates
Advertisement
Newest Members
Buck83, Bible, DarioPorras, CATT DADDY, 10132vigilante
115401 Registered Users
Top Posters(All Time)
TexDawg 102,507
hopalong 97,161
Pilothawk 80,888
John175☮ 79,172
Bigbob_FTW 73,996
JDavis7873 67,402
Derek 🐝 66,657
Mark Perry 62,885
Forum Statistics
Forums61
Topics1,149,680
Posts15,717,583
Members140,401
Most Online36,273
Jan 23rd, 2013
Print Thread
Page 1 of 2 1 2
Why buying a house will get super hard... #13993648 05/11/21 08:16 PM
Joined: Nov 2009
Posts: 35,124
Dan90210 ☮ Offline OP
Nonbinary Gender of the Year 2017
OP Offline
Nonbinary Gender of the Year 2017
Joined: Nov 2009
Posts: 35,124
We Buy Ugly Houses, Cash 4 your Home, etc. All of these companies are buying houses for cash selling them to investors to turn into rental properties packaging those rental investments just like they did mortgages 15 years ago grading those investments and then selling them off.

Same thing they were doing with mortgages but it's actually quite difficult to evict somebody and foreclose on their home. It's very easy relatively speaking to get rid of a renter compared to an owner.

These companies are snapping up every single house they can get. Doing the same investment scheme they did with the mortgages but it's much safer to do it with rentals.

As this trend continues there's going to reach a point where actually buying your own home and owning it is going to be extremely challenging they just won't be the supply of homes available.

I just wanted to drop this knowledge since it's kind of a big deal if you think owning a home is important versus renting and nobody's really talking about it.



Re: Why buying a house will get super hard... [Re: Dan90210 ☮] #13993669 05/11/21 08:26 PM
Joined: Sep 2016
Posts: 5,064
F
Floon Swenson Online Content
TFF Celebrity
Online Content
TFF Celebrity
F
Joined: Sep 2016
Posts: 5,064
A few times a year I really bit** and complain how bad owning a home sucks. AC units giving up the ghost, hot water tanks bursting, furnaces biting the dust, roof replacements, foundation repairs, electrical gremlins, sewage lines rusting and collapsing...it's a headache sometimes.

It's those times that I think it would just be easier to live on a leaky sailboat with a few dozen bikini models and travel the world without a mortgage, property taxes, and home repairs. There's nothing I can't fix on a boat with a can of Flex Seal.

Re: Why buying a house will get super hard... [Re: Dan90210 ☮] #13993680 05/11/21 08:28 PM
Joined: Dec 2011
Posts: 8,716
H
H.Town_paddler Online Content
TFF Celebrity
Online Content
TFF Celebrity
H
Joined: Dec 2011
Posts: 8,716
Should I buy some credit default swaps?

Re: Why buying a house will get super hard... [Re: Dan90210 ☮] #13993683 05/11/21 08:31 PM
Joined: Jan 2012
Posts: 8,271
C
Coach Hark Online Content
TFF Celebrity
Online Content
TFF Celebrity
C
Joined: Jan 2012
Posts: 8,271
I haven’t rented in 30 years and it’s never crossed my mind to rent again. Not even when I’m reeaaalll old I won’t live in no damn retirement apartment. I’ll die here in my crib that I hope I’m the owner of before I buy the ranch.


Whether you think you can or you can't, you're right

http://constantpursuitoutfitters.com/






Re: Why buying a house will get super hard... [Re: Dan90210 ☮] #13993702 05/11/21 08:44 PM
Joined: Apr 2014
Posts: 6,437
J
Jpurdue Online Content
TFF Celebrity
Online Content
TFF Celebrity
J
Joined: Apr 2014
Posts: 6,437
I bought my current home from Zillow. They sold it to me for 12K more than they paid for it 4 months prior. Would have worked out well for them if they didn't have to pay 36K in relator fees and another 10K in various concessions. They were just getting into the game back then and I'm guessing they have since refined their model to try and actually make money. Agree though with the OP, it could be a problem in the future.


"Bragging may not bring happiness, but no man having caught a large fish goes home through an alley." -A.L.

www.LunkerLore.com

Re: Why buying a house will get super hard... [Re: Dan90210 ☮] #13993708 05/11/21 08:47 PM
Joined: Mar 2003
Posts: 8,697
F
Fishin' Nut Online Content
TFF Celebrity
Online Content
TFF Celebrity
F
Joined: Mar 2003
Posts: 8,697
The all cash buyers are what's keeping a lot of people from buying a home right now. Plus they usually offer more than asking price if it is in a competitive market. It's amazing that the Huntsville metro area is one of those markets. Lots of people moving here.


Silence like a cancer grows
Re: Why buying a house will get super hard... [Re: Dan90210 ☮] #13993710 05/11/21 08:50 PM
Joined: May 2007
Posts: 30,294
W
WAWI Online Content
TFF Guru
Online Content
TFF Guru
W
Joined: May 2007
Posts: 30,294
There are companies out there now that own 50000 house they rent out.

Re: Why buying a house will get super hard... [Re: Dan90210 ☮] #13993740 05/11/21 09:16 PM
Joined: Jan 2005
Posts: 102,512
TexDawg Online Content
Top Dawg
Online Content
Top Dawg
Joined: Jan 2005
Posts: 102,512
We’ve considered it, also considering renting again. Want to be more fluid, maybe live is some different places and really because of what Floon stated above, I’m tired of the house owners bull

Re: Why buying a house will get super hard... [Re: Dan90210 ☮] #13993747 05/11/21 09:19 PM
Joined: Jul 2012
Posts: 22,127
D
Davedave Online Content
Bigfoot Seeker
Online Content
Bigfoot Seeker
D
Joined: Jul 2012
Posts: 22,127
Originally Posted by Dan90210 ☮
We Buy Ugly Houses, Cash 4 your Home, etc. All of these companies are buying houses for cash selling them to investors to turn into rental properties packaging those rental investments just like they did mortgages 15 years ago grading those investments and then selling them off.

Same thing they were doing with mortgages but it's actually quite difficult to evict somebody and foreclose on their home. It's very easy relatively speaking to get rid of a renter compared to an owner.

These companies are snapping up every single house they can get. Doing the same investment scheme they did with the mortgages but it's much safer to do it with rentals.

As this trend continues there's going to reach a point where actually buying your own home and owning it is going to be extremely challenging they just won't be the supply of homes available.

I just wanted to drop this knowledge since it's kind of a big deal if you think owning a home is important versus renting and nobody's really talking about it.

Ok

Re: Why buying a house will get super hard... [Re: Davedave] #13993759 05/11/21 09:24 PM
Joined: Nov 2009
Posts: 35,124
Dan90210 ☮ Offline OP
Nonbinary Gender of the Year 2017
OP Offline
Nonbinary Gender of the Year 2017
Joined: Nov 2009
Posts: 35,124
Originally Posted by Davedave
Originally Posted by Dan90210 ☮
We Buy Ugly Houses, Cash 4 your Home, etc. All of these companies are buying houses for cash selling them to investors to turn into rental properties packaging those rental investments just like they did mortgages 15 years ago grading those investments and then selling them off.

Same thing they were doing with mortgages but it's actually quite difficult to evict somebody and foreclose on their home. It's very easy relatively speaking to get rid of a renter compared to an owner.

These companies are snapping up every single house they can get. Doing the same investment scheme they did with the mortgages but it's much safer to do it with rentals.

As this trend continues there's going to reach a point where actually buying your own home and owning it is going to be extremely challenging they just won't be the supply of homes available.

I just wanted to drop this knowledge since it's kind of a big deal if you think owning a home is important versus renting and nobody's really talking about it.

Ok


Good! Now you know.



Re: Why buying a house will get super hard... [Re: WAWI] #13993763 05/11/21 09:26 PM
Joined: Nov 2009
Posts: 35,124
Dan90210 ☮ Offline OP
Nonbinary Gender of the Year 2017
OP Offline
Nonbinary Gender of the Year 2017
Joined: Nov 2009
Posts: 35,124
Originally Posted by WAWI
There are companies out there now that own 50000 house they rent out.


That's right and they are getting more everyday.

I feel like a lot of people think these offers to buy houses for cash are just flippers. That they'll do some repairs maybe some remodel sell the house to somebody else for a nice profit. Some are.

But many of those homes will never be for sale again.



Re: Why buying a house will get super hard... [Re: Dan90210 ☮] #13993764 05/11/21 09:28 PM
Joined: Jul 2007
Posts: 43,779
T
Trickster Online Content
TFF Guru
Online Content
TFF Guru
T
Joined: Jul 2007
Posts: 43,779
Family next door to me put a 1850 sf home built in the late 1980's up for 333K and got a cash offer of 375k in 2 days. Chinese investers.

Re: Why buying a house will get super hard... [Re: Dan90210 ☮] #13993787 05/11/21 09:47 PM
Joined: Jan 2005
Posts: 13,678
jcarring99 Offline
TFF Guru
Offline
TFF Guru
Joined: Jan 2005
Posts: 13,678
Home to flip are almost impossible to find. Makes more sense to buy properties to hold. There are some out there but not many. I just finished a rehab for an investment company. They are trying to buy 3 to 5 properties a month here in dfw. They are already in the Minnesota and Florida markets. It’s super competitive right now for investment homes also


Joel Carrington
214-770-7978
email: joel@carringtonroofingdfw.com
Carrington Roofing & Construction, LLC
For financing click: https://app.gethearth.com/partners/carrington-roofing-construction-llc/joel
www.carringtonroofingdfw.com
Re: Why buying a house will get super hard... [Re: Dan90210 ☮] #13993794 05/11/21 09:54 PM
Joined: Aug 2008
Posts: 864
CaptainCrunch Online Content
Pro Angler
Online Content
Pro Angler
Joined: Aug 2008
Posts: 864
Sounds like it'll be a heck of a market for house builders.

Re: Why buying a house will get super hard... [Re: Dan90210 ☮] #13993836 05/11/21 10:26 PM
Joined: Mar 2008
Posts: 34,026
cocodrie Online Content
TFF Guru
Online Content
TFF Guru
Joined: Mar 2008
Posts: 34,026
Yeah, it's getting pretty bad here in San Antonio too. We got into a great home just as this was starting to get out of control. Should we decide we need more bedrooms, larger lot in the city, my only hope is to by a family member's house before it ever hits the market.


[Linked Image]
Page 1 of 2 1 2
Previous Thread
Index
Next Thread

© 1998-2019 OUTDOOR SITES NETWORK all rights reserved USA and Worldwide
Powered by UBB.threads™ PHP Forum Software 7.7.3