Real Estate and foreclosure thread

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.

Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!

Absolutely not surprised.

There is no pride in product or craftsmanship, today. You see it in the sullen, surly service-help in what used to be good restaurants. You see it in the garbage food offered by fast-food outlets...McDonalds was bland, but beef is (or used to be) beef, and tasty. Fried potatoes, maybe not good in the quantities we started to eat them, at least were pleasant. Modern comfort food.

Not today, where everything is fake-and-gay. Tasteless, bland, dubiously outsourced product...and laden with additives.

Cars. Henry Ford showed us that cars could be manufactured cheaply, using economies of scale. Fiat/Stellantis (and Billy Ford) are showing us how those same huge operations can hide incredibly-shoddy engineering when management goes rogue. Stuff that goes beyond bad engineering - that is, almost criminally exploitative. Like oil pumps, driven by rubber belts, also immersed in oil W-T-F!

Home construction is another matter. Unlike commercial-structure building, which typically involves a steel-girder interior structure, home construction is by stick. The home I grew up in, which was four years old when my father bought it, was built by the guy next door - a builder with five employees, who purchased an abandoned apple orchard and developed it. It wasn't especially well done, but the homes all stand to this day. Four basic blueprints, 150 homes.

These mega-builders are another matter. Borrowed money, weekly Zoom conferences, schedules, limits on wages, heavy hands used on underlings, hatred percolating up...anywhere you can shortcut. The skilled framers and drywall hangers won't work for their wages, but Mohammed and Fariq will. Galvanized nails cost too much. So does inspection of Mohammed's work...he did okay his first day, so just let him go to it.

We ain't got time for more checks. We're too busy getting zonings changed, so we can shrink the size of new lots for Tiny Homes. ONLY $399,000!

This is what comes of it. It's not that business is bad or that corporate structure is bad. What is bad is a complete moral nihilism within the nation's business (and political) leaders, leading to corporate behavior like this. And TOLERANCE, by government, of behavior like this.
 

Many of Philadelphia’s office buildings are plummeting in value — and it’s costing the city millions​

If you’re in the market for an office building in Philadelphia, now’s the time to buy.

Several Center City office buildings have sold in recent months for well under half their previous prices and assessed values, attracting residential developers and out-of-market investors.

The 29-story, 665,000-square-foot tower at 2000 Market St. last sold in 2018 for $107.7 million. In August, it went for $45.5 million to Maryland-based Tide Realty Capital and New York’s CSB Holdings, which plan to retain it as an office building.

Read the rest:

https://www.msn.com/en-us/money/rea...he-city-millions/ar-AA1N7O0f?ocid=socialshare
 
This one is a bit different . It's strictly for entertainment.

When the Listing Appointment Ends With a Tour of an Underground Y2K Bunker​

Q: Have you ever encountered a secret room or bunker in a house you’ve listed or sold?​

Renee Roberts, managing principal/broker, William Raveis Real Estate, Canton, Mass.​

In September 2018, I met with the owner of a five-bedroom contemporary Cape-style home in Canton, about a half-hour south of Boston, that had a lot of desirable features. It had a 1-acre private lot, a grand foyer, a large eat-in kitchen with a wood stove and high-end appliances.

The owner, an older gentleman, had called me to come view his home and to provide him with a market analysis. I didn’t know him—it wasn’t a referral.

As we were touring the house, everything was proceeding normally until we got to the basement, where I learned that the house had two hidden, soundproof concrete bunkers. The owner had custom-built the house in 1991 and included the bunkers due to his fear of Y2K.

More:

https://www.msn.com/en-us/money/rea...round-y2k-bunker/ar-AA1L4SE6?ocid=socialshare
 
^
More

Batman’s Office and Secret Bathrooms—These Real-Estate Agents Have Seen It All​

What is the most unusual design feature you’ve ever encountered in a home you listed or showed?​

Andrew Klima, real-estate agent, Howard Hanna Real Estate Services in Seven Fields, Pa.​

I recently listed Castle Bristlecone, a 23,500-square-foot property in Gibsonia, Pa., about a half-hour north of Pittsburgh, which sold in June for $3.8 million. It was definitely the most unusual home I’ve ever listed or shown.

There was a replica of Batman’s office, from the television show, not the movies. On the desk was the iconic red bat phone and a bust of Shakespeare. When you tilted Shakespeare’s head back, a bookcase slid open, and two poles appeared. There were poles for both Batman and Robin, and if you slid down them, you reached the Batcave below, which was actually the basement of the house.

More:

https://www.msn.com/en-us/money/rea...have-seen-it-all/ar-AA1IWs7B?ocid=socialshare
 

Massachusetts Landlord Learns The ‘Wrong Way’ To Evict In Florida​

When it comes to evictions in Florida, there's a legal process – and then there's whatever 61-year-old Dion Robbins of Pittsfield, Massachusetts, attempted in the early hours of Thursday morning.

Robbins traveled all the way from Massachusetts, intending to take eviction matters into his own hands at a property he owns in Lake Wales. Instead of serving legal papers, he allegedly ended up serving himself with a trip to the Polk County Jail.

The bizarre incident unfolded at approximately 2:18 am when Polk County Sheriff's Office (PCSO) deputies were dispatched to a residence regarding a burglary in progress. Upon arrival, deputies heard yelling and went behind the home, where they found Mr. Robbins engaged in an altercation with a resident through a window.

More:

https://www.msn.com/en-us/news/crim...evict-in-florida/ar-AA1O9Rwq?ocid=socialshare
 
^^^^

Probably got jailed just on principle. For being from Taxachussets.

And I'd support that. Stay ovah theah...and fah frum heah.
 
Back
Top Bottom