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7 votes
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US office Commercial Mortgage-Backed Securities delinquency rate spikes to 9.4%, highest since worst months after the financial crisis
20 votes -
Why eight Tokyo minutes from office to metro is too long – The city is seeing a boom in commercial construction but labour scarcity has made location a critical concern for companies
13 votes -
Buy burned land
Tis fire season again here in North America and Europe. From my house in coastal California I grieve every year as more of my favorite forests burn, from British Columbia to California. There is...
Tis fire season again here in North America and Europe. From my house in coastal California I grieve every year as more of my favorite forests burn, from British Columbia to California.
There is no end in sight for this transition. So what can we do to at least mitigate the worst of its effects? I think the time to play defense over pure "wilderness" is long gone. The forests that haven't burned are still beautiful, but they're riddled with disease and so overgrown the ecosystems are permanently distorted.
Every year there is less pristine forest and more burned land. I'm a fourth generation Californian and the Portuguese side of the family still owns a ranch in the foothills from 1893. But I own nothing and the prospect of being able to afford land in California has forever been beyond my reach. Burned land needs to be rehabilitated in a thoughtful manner. I'm hoping once my daughter finishes college and our life starts a new chapter, that I can find a few acres where I can make the best environmental impact, such as a headwaters, then invite experts onto the land to teach me how to best heal it.
Every year I have this idea, and every year more areas become available (in the worst sense). I don't need to live on this land. I don't expect it to be much more than grasses and saplings for 20 years. I'd get out to it one or two weekends a month, rent some equipment and hire some folks as I could. I also understand that my original thought that this would be immune from future fire seasons is wrong. But at least the land can be designed to be as fire resistant as possible, with a clear understory and single large trees. And that is another part of the allure. This acreage would come with its own challenges for sure, but in some sense it is a blank slate. The permaculture people could show us how to remediate and reconstruct the land from the bones up.
I know this project would be an aggravating money sink, and even perhaps an unrealistic and irresponsible fantasy by someone untrained in forestry management. But there is so much burned land now. Every year another giant 4% stripe of California goes up in smoke. Yet this idea just doesn't catch on. It entails a lot of patience and work. I know it's not what most people want to hear. They want their idyllic cabin in Tahoe or nothing. But that time is quickly coming to an end and learning how to revive the forests that have been devastated is our only real choice.
Whenever I've tried to get serious about this, though, I learn that there is no market in burned land because there is hardly any profit to be made. No real estate agent that I can find is specializing in this because their clients are having to sell ruined land and burned buildings for pennies on the dollar. I've been advised that the best way is to find a specific spot, do my research, and approach the owner directly. But, again, there is so much burned land now I hardly know where to start. The Santa Cruz Mountains? The Sierra adjacent to Yosemite? Crater Lake in Oregon?
Any thoughts or ideas or resources would be appreciated.
25 votes -
National security or legal niceties? Norway picks a path – closing down opportunities for members of the authoritarian axis is not always as easy as it looks.
7 votes -
Singapore couples are marrying earlier to buy homes, leading some to regret
16 votes -
Norwegian government has called off a plan to sell the last privately owned piece of land on the Arctic archipelago of Svalbard in order to prevent its acquisition by China
30 votes -
Working title (insurance)
5 votes -
San Francisco home selling for $488,000 but you can't move in until 2053
23 votes -
Red Lobster | Bankrupt
21 votes -
Real estate agents are fleeing the field
30 votes -
The last remaining privately owned land on the Svalbard archipelago in Norway, "with significant environmental, scientific and economic importance" is on sale, for €300 million
7 votes -
Sweden has a global reputation for championing high taxes and social equality, but it has become a European hotspot for the super rich
19 votes -
San Francisco office sells for a stunning 90% discount from 2016 price
34 votes -
Big Tech has slashed its office presence in San Francisco by half
22 votes -
Home insurance rates to rise 6% in 2024 after 20% increase in last two years
27 votes -
Truong My Lan: Vietnamese billionaire sentenced to death for $44bn fraud
33 votes -
Why Ireland’s housing bubble burst
14 votes -
State Farm shedding 72,000 home insurance policies in California
29 votes -
Borders book store | Bankrupt
9 votes -
Jared Kushner says Gaza’s ‘waterfront property could be very valuable’
27 votes -
Why small developers are getting squeezed out of the housing market
18 votes -
London's BT Tower to be turned into a hotel after £275m sale
10 votes -
Bad property debt exceeds reserves at largest US banks
23 votes -
UBC student flies to school from Calgary (because Vancouver is that unaffordable to live in)
31 votes -
Court orders China Evergrande property developer to liquidate after it failed to reach debt deal
23 votes -
Palm Springs capped Airbnb rentals. Now some home prices are in free-fall.
49 votes -
The farmers had what the billionaires wanted
23 votes -
Notes on the Ivory Coast
6 votes -
German right wing extremists strategically purchase rural land
23 votes -
With offices sitting empty, US landlords are ‘handing back the keys’
18 votes -
Greyhound bus stops are valuable US assets. Here’s who’s cashing in on them.
13 votes -
US real estate agents compensation challenged in suit from Joe Biden Department of Justice
12 votes -
The future of the office is cozy
20 votes -
Joe Biden administration offers $35 billion in low-interest loans to support US transit-oriented development
24 votes -
NYC homeowner costs are rising at three times the inflation rate
20 votes -
It’s official: The era of China’s global dominance is over
22 votes -
Poland cuts tax for first-time homebuyers and raises it for those buying multiple properties
29 votes -
The Silicon Valley elite who want to build a city from scratch
36 votes -
China's property crisis deepens with developer Country Garden at risk of default
13 votes -
Portugal’s bid to attract foreign money backfires as rental market goes ‘crazy’
45 votes -
One in five Texans lives in a floodplain, state’s first-ever analysis shows
17 votes -
San Francisco’s downtown becomes a wake-up call for other cities in the US
60 votes -
Remote work to wipe out $800 billion from office values, McKinsey says
84 votes -
Tides, State Street, GVA Investments, Rise 48, ZMR Capital and Nitya Capital facing problems with real estate investments
4 votes -
The delinquency rate of US Commercial Mortgage-Backed Securities (CMBS) backed by office properties jumped to 4.5% by loan balance in June
22 votes -
People looking to be first time homeowners soon, what's your plan?
I'm a young single adult with a fairly well paying remote job. I've been in my career for almost 4 years now and have saved up a decent chunk of money through investing and saving. My game plan...
I'm a young single adult with a fairly well paying remote job. I've been in my career for almost 4 years now and have saved up a decent chunk of money through investing and saving.
My game plan was to use the "market crash" that everyone was predicting in 2023 to try and make a stab at purchasing a home. When the interest rates spiked I thought it was a great sign for me because I thought for sure that housing prices would fall accordingly, jokes on me though because several months later homes in my area have barely gone down in price at all and even closer to town in nicer areas prices continue to climb.
Not only that but the only real thing the rate hikes have done for me personally is make what was looking like a modest mortgage payment suddenly become far less affordable, even with my very low personal spending.
Is anyone else in a similar situation? Are we doomed to rent forever? Should I move out to the boonies where it seems like that's the only place left with non-insane housing prices?
I look at Zillow and houses in my area that sold for 200k~ less than 5 years ago are now on the market for 400k-500k. It feels like anyone who didn't get in back then is just completely screwed
/rant
34 votes -
US rent going up? One company’s algorithm could be why.
47 votes -
Who here is a homeowner?
After my lease is up in my current apartment, I am hoping to purchase a home somewhere in the US and am just now in the beginning stages. I'm not too far into my search but am generally looking...
After my lease is up in my current apartment, I am hoping to purchase a home somewhere in the US and am just now in the beginning stages. I'm not too far into my search but am generally looking for 2-3 bedroom with 1.5 bath, a basement, and a decent backyard. My budget is <$250k and I am looking at east Tennessee, North Carolina, Virginia, and maybe Michigan. Fortunately, I work from home and am not terribly dependent on being near a job, but unfortunately it seems like all houses have exploded in price the past 3 years in pretty much every area. It is crazy to look at a house that sold in 2019 for $100k being listed now at the top of my budget at $250k! It kind of makes me want to put in an offer at 65% of the listing price for some of these egregious increases. Especially as the higher interest rates making the house way more expensive than what they originally purchased at when the rates were at all time lows. It seems like the market for a $150k starter home is non-existent for most parts of the country these days.
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Anyways, I was curious who here is a homeowner?
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What is your experience like going from renting to buying, or if you were a homeowner and went back to renting?
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What are some things you wish that you had known to do prior and what advice would you give yourself back then?
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How long did you search and how long are you planning to stay in your home?
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What do you think of the current market dynamics? Is there any hope for prices to come back down to Earth?
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Any other thoughts you want to share?
24 votes -
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The ugly truth behind “We buy ugly houses”
10 votes