Real Estate and foreclosure thread

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Nothing special............just something I came across. Posting as a bump.

He cut his rent by $2,000 a month. Then he bought a $165,000 house in Southwest Philly | How I bought this house​


The buyer: Dylan Foglesong, 28, program manager

The house: A 1,150-square-foot townhouse in Southwest Philly with two bedrooms and two bathrooms built in 1925.

The price: Listed for $180,000; purchased for $165,000.

The agent: Christy Bergen, Coldwell Banker

The ask: Dylan Foglesong felt like he was overpaying for his apartment. He was spending $2,600 a month, plus utilities, for a two-bedroom place in Manayunk, and the money was going toward a place he would never own.

Read the rest here:

https://www.msn.com/en-us/money/rea...ought-this-house/ar-AA27hA1W?ocid=socialshare
 
Pushing the (false) idea that anyone can afford a home.

To keep prices elevated. Can't let this latest Housing Bubble pop...
 

 
Here's a real glimpse into America's real estate future. Take a look at these cheap homes in Japan. They have a real Demographic crisis in full swing.

 
HOAs are extralegal - government power vested in a body of non-government local property owners. And in fact, mandated that this board be elected, funded and given power.

It's working as well as you'd expect. Which is why it was never done prior to our Woke Age.

This is straight out of the collectivist playbook - a Committee or Political Commissariat, staffed with lackeys eager to snitch, and even to impose pain, on instruction and order of the real power.

Remember, the Nazis had the ghetto police as their first line. It was residents IN the ghettos who did most of the watching, the reporting, the arresting and turning-over, of political criminals.
 

Luxury homes are getting more expensive in the Philly area, but they’re still selling fast​

Luxury homes in the Philadelphia area sold faster this spring than the overall market’s already fast pace, even as the minimum price to be considered a luxury sale hit a record high.

Strong demand for luxury homes is outpacing supply in the Philadelphia metropolitan area, which is helping boost prices.

The multiple listing service Bright MLS defines luxury homes as those sold for prices in the top 5% of the market. In the Philadelphia area this spring, that meant homes that sold for at least $1.15 million. That price is 7.5% higher than at the same time last year, according to Bright MLS.

More:

https://www.msn.com/en-us/money/rea...ill-selling-fast/ar-AA29EJc5?ocid=socialshare
 
I don't believe it.

Who in God's Great Hell is gonna buy a LUXURY condo in PHILADELPHIA? Fentanyl Centryl. Zombies everywhere, doing the Fen-Stomp. No jobs, police Woke, one-party government.

This is a media disinformation onslaught. I don't know how or why - I don't gibbuh pfuk why; but it's an insult to the readers' intelligence.
 
WRONG answer. Your NEXT home will not be bought with debt ie a 0% rate. They will be Bought with MONEY... REAL MONEY.
Then very few will be sold.

Because almost nobody has real money.

I fear the opposite - with a collapse of the RE market, goobermint is gonna step in.

Dumbo Crack Socialist goobermint.

Buying (with fiat) all these properties, the way Black Rock has been doing it. Hey, we're evolving into Fascism, so...Black Rock, and various investor houses, send their reps, like Bissent, to run the goobermint...the merging of corporate and government power.

And with government owning most of it, the rest will either be seized or made unsellable.

Fun times ahead.
 
What government? They will be gone.

Yes, that will cause prices of homes to change SIGNIFICANTLY but that's what I see happening. There won't be loans because there won't be lenders. At least for a decent period of time.
 
What government? They will be gone.

Yes, that will cause prices of homes to change SIGNIFICANTLY but that's what I see happening. There won't be loans because there won't be lenders. At least for a decent period of time.
Without government...there's no home sales. Because there's no order....including rights of property owners.

Houses empty, for even a few hours, get filled with squatters. And then the returning former "owners" or other would-be squatters, or just psychopaths, set fire to the house.

That's what anarchy IS. You can see it in Somalia; in other parts of Africa; we saw it with the Moose Slime takeover of (then Christian) Lebanon in 1975. The new Holiday Inn in Beirut wasn't nationalized; and it wasn't given over in stock ownership to the People.

It was burned down. For all I know the shell may STILL be standing - it was a sniper vantage point for years, the blackened concrete shell.

My own guess is, once this government falls, another will pop up. WITH the support of koledge Woketards. A SOCIALIST kommissariat. They'll make a big deal of how they're discarding that ray-cyst Constitution; and then the bodies will start piling up.

Such a world does not encourage 30-year mortgages. It encourages the use of the last gold coins, to get onto a midnight departure at the docks. Where to...that's the question. For many, just a few miles out, to where the crew will dump them with weights.

(now listening to: Chris de Burgh's "Don't Pay the Ferryman")
 
 
America's Largest Mortgage Lender Just Needed a $1.5 Billion Bailout

Aug 14, 2026 BEL MARIN KEYS
United Wholesale Mortgage required a $1.5 billion bailout to avoid collapse. Learn why betting on mortgage interest rates backfired.
This breakdown analyzes the financial situation facing United Wholesale Mortgage and the specific risks involved in their current strategy. If you are tracking the housing market or following major lender news, this overview clarifies how the company navigated a liquidity crisis and what the $1.5 billion injection means for their operations.
We examine the danger of relying on future mortgage interest rates to decrease, a strategy that led to these severe financial pressures. By reviewing the timeline of events, viewers can better understand the volatility currently impacting the broader lending sector and why mortgage pre-approval processes might be facing increased scrutiny.

22:52

Articles Mentioned in the Video
- https://www.wsj.com/finance/americas-...
- https://finance.yahoo.com/real-estate...
- https://apple.news/AYVkEXhVhQkivHKdLF...
- https://apple.news/A_ps2BYCLQqu34Ea6l...
 

You don't need a government to have ownership, that's silly communist indoctrination type thought. Think about it.
 
You don't need a government to have ownership, that's silly communist indoctrination type thought. Think about it.
You need a government to enforce laws.

You know....laws that jail people who come to your door with shotguns, or who move in while you're doing your Saturday marketing.

Anarchy is chaos. The only place it's not chaos, is in the minds of undergraduates drunk on Boone's Farm on winter Saturday Nights.
 
Government is just another form of force... How is that any different? Because they wrote a law? A society could have similar ideas without giving the monopoly of force to a group of people.

How about a receipt. Most people would agree that if I have a receipt showing I bought something they would say I own it. No need for a law to tell us such a simple thing.
 
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