Like what the fuck IS this? In order to know anything meaningful about a house, I need it inspected, but to get it inspected I need to fucking put money down AND PAY FOR THE FUCKING INSPECTION and if it's fucked and I don't want to buy it then woops I lose all this fucking money? Jesus fucking christ it's a turbo charged version of the apartment application fee scam. Fucking christ. Who decided on all this bullshit? Infinite guillotines for all of them
This is one of those things that just really go to show the fucked up extremism of the bourgeoisie, like, you could have capitalist hell and still have like mandatory state run inspections, the details of which are public, for every property being sold. But woops, nope, fuck you peasant
You'd think with how this country jerks itself raw over home owners it wouldn't be this way, but WOOPS
This post brought to you by my gf and I being incredibly anxious over maybe buying a house that seems okay but has a slab foundation so like i don't fucking know what condition the plumbing is in
The idea of buying a house stresses me out so much. I'm mid-forties, and the more I save, the more expensive houses get, and the higher the interest rate goes! Not to mention, I take 3 months to decide on a laptop, but you gotta pick a house quick before some asshole swoops in with a cash offer just to flip it a year later.
An average house in my area would have about a $4,500 monthly mortgage payment with current interest rates. Still $7.25/hr minimum wage though
A $400K home sells for closer to $1M over the course of its lifetime. Then cash buyers come in and scoop us what is a $1M home to a regular person for 60% off then rents that home back to them for a 30year equivalent of $1.4M
There's also loan "origination fees". If you're too poor to up front like a 1/3 of the cost then there's Private Mortgage Insurance fees tacked onto your payment which can be several hundred dollars a month until the principal, which you could be paying down with that PMI is below a certain threshold.
Then there's "closing costs" which is just a fuck you fee with the bank. If rates drop down and you want to refinance then you ahve to pay the origination fees and closing costs for that too.
It's expensive being not fabulously wealthy.
And realtors take 1-5% for like...looking up a listing and taking you there and writing a bit of paperwork?
The fun don’t stop once you get the house, then you get to deal with the fun of your mortgage getting sold to a different bank every six months and having to re-register with their new system and hoping they remember to pay the insurance and taxes out of the escrow.
Yeah, it's fucking terrifying and a needlessly fast/complex process that seems designed to intimidate people doing it for the first time. Like everything else, it is extremely tilted in favor of people who have limitless money to burn and are doing what they're doing in order to make a profit, not survive. Solidarity, comrade.
yeah I did it for the first time 3 years ago. I had a cannonball in my gut about everything for about 60 days and at least had a friend who had gone through it I could ask all my stupid questions to.
but I will say, once you are in one, so long as you had enough cash and decent enough credit to get a non predatory loan, it's nice not living at the whims of a landlord. and you can fix shit correctly or make it how you want it. which all costs more money, but when you get something fixed the right way or make a change to suit what you want, it fucking rules every time you see it/use it.
it's one of those things that is better over time as you live in the house and cumulatively make your little changes and fixes and have more of it paid-off.
which I guess ends in an ecstatic crescendo when it's paid off and you're just paying taxes and insurance and using that discretionary income on like gold trim and leather couches and chandeliers or whatever.
I really liked my old house in CA, especially because it had full grown and abundant fruit trees, but even while going out of my way to avoid being in some HOA
shit, the showed up anyway to passive-aggressively volunteer as lawn perfection judges, juries, and even executioners of my pollinating plants, native plants, and edible garden plants by destroying the entire front with one of their glorified mobility scooter mowers while I was out.I eventually sold it when I moved across the country, but I was fortunate enough to get more for it than I paid for it because of the Silicon Valley-adjacent bazinga bubble continuing to expand.
Wait what they mowed down your plants without your consent in your yard? As a european, what the fuck kinda made up country is that???
I don't know which of my
neighbors in particular did it while I was at work, but they were something of an aging Good Old Boys network and just smirked at me, one and all, for weeks afterward.There really wasn't much I could do.
I found a YouTube link in your comment. Here are links to the same video on alternative frontends that protect your privacy:
That’s absolutely insane, my country sure as hell isn’t perfect, but I can’t ever imagine something like that happening here and it not making semi-national news
my disproportionate response may have made the news.
Area Man Blinds Several Neighbors, Manhunt Underway
You say disproportionate but that seems entirely reasonable to me (im drunk)
Houses and cars are both terrible. Really, anything that requires going into debt to get is guaranteed to fuck you over somehow. Shit, college too.
Yeah any huge purchase like that feels like you're getting scammed, because you are. A small army of middle men all get to take their cut of something that should be a human right.
Really, anything that requires going into debt to get is guaranteed to fuck you over somehow.
you could have capitalist hell and still have like mandatory state run inspections, the details of which are public, for every property being sold.
RIGHT!? SAME FOR EVERY FUCKING TYPE OF INSURANCE. ALL OF THIS SHIT WOULD BE BETTER IF IT WAS NATIONALIZED.
Not only that but you're often competing against buyers who have the entire value of the house in cash and are willing to pay over asking price and waive inspections
Oh, here is the REAL kicker too because you're doing an inspection because you don't want to get fucked by a house that is insulated with black mold, you're going to lose out on bid on the house because there are petite bourgeois dropping literal stacks of cash on the table well above asking price and forgoing inspections so they can buy the house and flip it.
You have to just accept the fact that the dumb shit paying above market value for no insoecti9n closing is fucking themselves over 90% of the time.
Keep an eye on these properties there's a decent chance they end up back on the market within 6 mo the once they get an actual inspection and realize how much they fucked up. Not saying you should then make an offer just take note of how frequently that plan of throwing money at a problem backfires if the person doesn't actually know wtf they're doing.
Don’t forget the bidding! Even if you can barely afford it, don’t you love how buying a house is like getting something on eBay?
Dont worry though, kamalas got you covered with her $25k tax credit. That should solve the housing crisis
I'm black, in a neighborhood with an average income below the poverty line and I own a small business, but only for 2.9 years. Do I qualify?
Yeah im gonna need your pell grant status and also whether you prefer cherry or apple pie
Unfortunately you have to treat it like applying for jobs. 90% of it is bullshit and basically the only way to sift through the bullshit is to already be secured.
If it requires you to put money down before an inspection than it's like a job that doesn't list the salary, you know it's bullshit.
Unfourtunatly rhenonly way to be on equal footing with the people selling is to already have housing so they can't hold it over you to accept bullshit conditins, just like job hunting.
There are decent jobs out there just like there's decent houses out there but you basically have to hear about it from a friend of a friend and skip as much of the formal "normal" process as normal for it to work.
It sucks, pretty much all of american culture is finding the 10% of something that isn't predatory capitalist bullshit.
I need to fucking put money down AND PAY FOR THE FUCKING INSPECTION
Put money down on the house or money down on the inspection? You want to be the one who pays the inspector. Otherwise the owner will hire an overlooker. Also be sure to get a real inspector and not some specialist moonlighting as a general inspector.
But otherwise, buying a house is one of if not the most Byzantine part of american society. The stakes are so high that its caked in two centuries of laws. Land ownership is the cornerstone of the cornerstone of american society. And if there is anything more important, its land scams.
has a slab foundation so like i don't fucking know what condition the plumbing is in
where I live, you can pay a plumber a few hundred dollars to snake an endoscope through all the pipes and they can catch some (but not all) serious issues
I know im flooding this post but seriously, don't kick yourself for missing put on this. 9 times out of 10 there's something major that will come up in an inspection. There is literally no benefit to forgoing an inspection if you're buying the property to actually live in. Slumlords don't care because they can just try to charge rent for somebody to live in a house with non functional plumbing or heat but if you're looking for a place to actually live just tell yourself they're grabbing up all the properties that want to avoid an inspection, the houses you actually want to buy won't have any problem with an actual inspection.
I’d rather risk having to replace the plumbing than have to continue dealing with having a landlord. Our house was affordable because it’s falling apart and I’d pick buying it again over having to continue rolling the dice with landlords. Every time. Buying our house absolutely ruined our finances and it took us about 2 years to fully recover. I still don’t know how we afforded all the hidden fees and closing costs and shit. But we did. Again, worth. Not to mention our bank doesn’t give us a hard time about being late on our mortgage as long as I make a payment arrangement and stick to it. I’ve never had a landlord who didn’t immediately give me an ultimatum if I didn’t pay in full exactly on time.
those people are going to hell if it exists
