Priced out of home ownership – 'It makes me want to throw up'

Re:Priced out of home ownership – 'It makes me want to throw... by WalterBright on Monday May 27, 2024 @07:07PM (#40495642)

Right. (Insurance, too.) It's very expensive to let a house sit vacant. There's also the risk of squatters, vandals, thieves, and partyers.

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Re:Priced out of home ownership – 'It makes me want to throw... by joecool1029 on Monday May 27, 2024 @08:05PM (#40496027)

>Right. (Insurance, too.) It's very expensive to let a house sit vacant.

I'd argue it's not expensive enough since it's frequently done.

EDIT: This has already become a common issue in locations like NYC, big money parked into properties with many commercial and residential units vacant. Better to pass those fees and borrow against artifically inflated value than it is to realize a loss.

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Re:Priced out of home ownership – 'It makes me want to throw... by WalterBright on Monday May 27, 2024 @09:03PM (#40496361)

I've sold houses before. I hated every day it was sitting there sucking up money.

> Better to pass those fees

to whom?

> and borrow against artifically inflated value than it is to realize a loss.

Borrowing does nothing to stop one from losing money.

As for artificially inflated values, bank lenders are not stupid and are not going to loan against a phony value.

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