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/biz/ - Business & Finance


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12356060 No.12356060 [Reply] [Original]

Or no? This is $289k thinking of buying it

>> No.12356070
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12356070

Bump

>> No.12356128

>>12356060
Victorian era houses will most likely have asbestos insulation still, and repairs or anything would be a nightmare. I've even seen a Victorian house built in the 20's that had copper wiring insulated with fucking cloth

>> No.12356245

>>12356128
So no?

>> No.12356267

>>12356060
I live in a town with mostly Victorians. You will most likely have to redo plumbing and electric. Lots of paint. Asbestos siding etc. I wouldn’t be deterred from buying one because they were built way stronger then modern housing and the charm. But just add another 100k to purchase price for shit that will inevetably go wrong. Keep away from niggers that will trash the house until it is irreparable

>> No.12356317

>>12356245
Renovations and reparis will add something in between zero and $250k to what you pay for it in the next couple of years.

They may be a bit more stable and look nicer than modern houses, but the maintenance costs for them are quite high.

>> No.12356324
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12356324

>>12356060
I live in a Victorian. Built in 1878. It’s got heated floors and vinyl siding. You can make a Victorian modern. Mine is in Missouri. Worth ~$202k

>> No.12356337
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12356337

>>12356324
Other than needing a new driveway, and painting the fourth bedroom, my house is pretty nice.

>> No.12356382

>>12356060
$298k for a pile of wood

>> No.12356411

>>12356060
>>12356060
it obviously depends but I would say that all else equal that type of house is usually a good investment as a primary residence in that it will be priced near the cheapest for its overall quality. If that is only 289k (assuming it's not like 600 sf or something, then it will depend on the area improving to become a good investment. Also the direct locational influences on it (if there is a gas station directly off frame, or a busy street, or a street that is a nightmare to drive out of as the only exit even) these things can impact its value. Parking may or may not be important, as well as the style of the surrounding houses. The number one home buying tip I have heard that I agree with in terms of outperforming the market on a single family: buy the worst house in a good neighborhood, not the best house in a bad neighborhood. Location really is important.

>> No.12356419

>>12356382
> t.shit for brains.

>> No.12356525

>>12356060
dollhouse

>> No.12356528

>>12356060
>buying the top
Anon..

>> No.12356632

>>12356411
From what I understand everything’s already been updated

>> No.12356633

>>12356411
Regarding location - town is already 96% white and has a train to nyc (it’s in nj where house prices are insane)

The inside is amazing too

>> No.12356637
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12356637

>>12356060

I have several victorian rental homes.
Benefits:
>generally over constructed
>sometimes come with features that would be considered high luxury that would be extremely expensive to install in a new home
>not soulless modern house design
>always in neighborhoods without HOA's
>sometimes comes with positive features illegal under modern building code and local ordinances that are grandfathered in.
Negatives:
>Higher maintenance costs unless fully rehabbed
>often comes with outdated electrical systems (it generally costs north of $10,000 to rewire a house from scratch)
>higher heating costs, modern houses are much better sealed and insulated
>often bought by people who think they are getting a cheap house, like buying a $2000 mint Maserati biturbo then discovering it will cost $5000 to replace your cracked windsheild. Houses then fall further into disrepair, when this happens at a large enough rate you get ghettos.

If you are handy an can do work yourself, victorians are a good way to get a better house in a better school district for a potentially lower initial cost than it would cost for newer housing.

>> No.12356651

>>12356637
Thanks this is very insightful

For what’s its worth I believe the house in question is already fully rehabbed but need to talk to the realtor again

And yes - the interior has some amazing features you’d never find in a a modern house - luxury indeed.

>> No.12356664
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12356664

Posting interior porn

>> No.12356672
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12356672

>> No.12356683
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12356683

>> No.12356693
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12356693

Anons I’m in love

289k with a train to the city for my job

20k down is 2k monthly mortgage same as I pay in rent now

>> No.12356807
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12356807

Yard

>> No.12356833

i would paint that. But price looks okay to a leaf

>> No.12356854

>>12356833
I’m not too concerned with the gay color - the house is actually one of 15 in a small town in in NJ and I don’t think they let you choose the color for historical purposes

>> No.12356861

>>12356833
And each house is a different color, here is a blue one, a yellow one a green one etc.

>> No.12356890

>>12356854
kek you can't paint your own house, thanks boomers

>> No.12356891

>>12356060
Check if they are up to code.

I have one of the oldest houses in my city

1892 this fucker is older than my state.
I was lucky enough to have bought it after new electrical heating and all that.

I updated the furnace on my own and installed new AC.

The porches were literally rotten wood from the 1930’s that we redid and repainted.

The house used to be a cathouse after the railroad made it through
(Ogden Utah btw)

If the Victorian is up to code and modernized you should buy it

East coast hipster faggots love to rent these or buy them. Put in some elbow grease and fix it up cheap and sell it some basedboy nufaggot from Cali or the east coast


I’m pretty sure there are dead bodies under my house from the 1890’s

YOU HAVE DIED OF CHOLERA

>> No.12356915

>>12356060
Design looks great but check for age. Some Victorian houses are so old that the support beams are reaching their expiration. It's not like they handled termites well in 1780.

>> No.12356930

>Victorian
>Picture of American House
mfw

>> No.12356956
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12356956

>>12356060
the answer is yes

>> No.12357019

Op,to give you a less shit answer, just look for certain things when buying an older home

Do not buy any home with water damage especially in the roof, you might think its "just a leak" but that leak is slowly rotting the entire house

Check to see if the wiring has been redone, a lot of people redo wiring because it annoys them without realizing it increases the value of the home, always give retards plenty of room to ruin themselves

Check the plumbing, no matter how good it is, it will be fucked somewhere, my house had a *gas leak* for literal years that was only discovered as we were buying it

Check the roof, repairing a roof is more expensive than having sex with donald trump, you dont want to do it if you can at all help it

old houses normally have a can of worms somewhere, mine was that the carpet was literally glued to the hardwood floors, expect to need to spend more money than you think, and expect something to break right as you fix something else

>> No.12357100

>>12356854

congratulations on your gay house then

>> No.12357134

>>12356060
>wooden house
>house

pick one

>> No.12357144

>>12356382
exactly if there's a fire you lose everything, have to do way more maintenance as well

>> No.12357163

>>12357144
Dont have a fire, its actually pretty easy to maintain a wooden home, just dont be fucking stupid with your gas lines, or keep a 30 year old oven

>> No.12357188
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12357188

>>12356060

Just imagine being a year in to a crypto bear market, but the very beginning of a market recession, and blowing all your money, right fucking now, on a depreciating asset that is about to tank in value.

The answer to your question is: no, fuck no, the difference between putting all your money into this gay looking house and slamming it all into Bitcoin will probably be:

Projected 5 year returns:

House of Gay: -25%
Bitcoin: 1000%

Literally what's going to happen, ignore this at your own cost.

>> No.12357247
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12357247

>>12357188
>He hasnt seen the midwest house market
Omae wa pink wojaku

>> No.12357259

>>12357247

OK.

House of Gay: 0%
Bitcoin: 1000%

Now what

>> No.12357294

>>12357259
Housing isnt a static investment, if you want to make money you buy homes to rent them out, and they will make very secure income, they will almost never create a loss as everyone needs somewhere to live and places to live are by their nature, limited

bitcoin on the otherhand is an unreliable technology that probably will be accepted widely, but which one will be accepted is unclear, and while you might pick the right one and make a gain, you wont stick with it unless you're a bogdanoff, because one day the fudd will kill you

housing is an amazing investment, and only a literal retard would say otherwise

>> No.12357313

>>12357294
This

>> No.12357317

>>12356060
>wooden cuck shed
>289k$

U
S
A

>> No.12357318

>>12356382
I’ll have you know that pile of wood sells for 800k - 1.2 million dollars in Portland Oregon.

>> No.12357510

>>12357294
>>12357313

People that ignore charts and rely on boomer axioms for their investment strategies will be eating ramen every night over the next 10 years or more. BTL is the biggest boomer meme of them all and you would do better waiting 3 years and throwing it into equities than property.

If you're that antsy about crypto then hedge into a couple of top 10 shitcoins but seriously the idea of bricks and mortar being the safest investment simply because it is a physical asset is the kind of an idea my dog would come up with

>> No.12357522

>>12356854
Cape gay? Or ocean grove?

>> No.12357528

>>12357510
housing isnt a boomer meme, buying a property just to sit on is

>> No.12357569

>>12356060
At least that one has gutters. You just want to make sure it has been modernized in the right areas like wiring and drainage. Most Victorian homes are in downtown areas so they'll hold their value, and they're comfy. I live near Chicago and there are tons of them, I like them.

>> No.12357638

All the old Victorian homes in my town have been quartered off and turned into section 8 apartments for Dominican niggerspic immigrants and they're extremely neglected. It makes me so sad to see such beautiful homes turned into crack houses with front yards covered in litter and boarded up windows

>> No.12357669

>>12357317
These houses are like 200 years old. With a little upkeep they will always be habitable. Makes me laugh when Europeans who are permarenters shit on Americans for owning actual tangible land. Literally just perpetually angry and jealous cunts is all you are

>> No.12357698

>>12357638
>>12357669
victorian style homes are effectively a limited asset there will always be less of them, so that people who want one in reasonable condition have less and less options but to buy them for more, renters are the true cucks

>> No.12358303

>>12357317
t. apartment dwelling, 2 cylinder driving europoor.

>> No.12358418

>>12356060
>>12356070
>>12356324
Help me anon. Are these wooden houses?

>> No.12358486

>>12356060
Who spends nearly 300 grand of a wooden house?

Fucking burgers

>> No.12358531

>>12358486
>who's behind that post?
Its sheckelburg!

>> No.12358565

>>12358486
These houses are actually made with high quality lumber by skilled craftsmen unlike new McMansion developments

>> No.12358586

>>12356637
Very informative, and I'm not even looking to buy one. Not many posts like this on 4chan anymore.

>>12356664
>>12356672
>>12356683
>>12356693
>>12356807
Absolutely beautiful. I would do it if that were close to me and my job. Unfortunately my area is all new garbage McMansion construction shit.

>> No.12358593

>>12358565
>have tropical storms
>build wooden sheds

>> No.12358598
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12358598

Germany 1890

>> No.12358640
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12358640

>>12358598
Romania 2018

>> No.12358660

>>12358640
Holy fuck, this is in a poor as shit country like romania??

>> No.12358671

>>12358660
Are you honestly impressed by this? Those are gipsey homes. Romania has many

>> No.12358686

>>12358671
Nigger look at them, I'd buy that shit in a heartbeat

>> No.12358739

>>12358593
Not all of the US is on the coast

>> No.12358854

>>12358686
You would not. While these houses are indeed quite big and fancy, they are rarely in a very good shape by western standards.

>> No.12358912

I am going to see the house tomorrow

>> No.12358913

>>12358854
but if you spend the money to fix them up they're like a palace

>> No.12358922

>>12356324

that looks like dig dug dog shit

>> No.12358971
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12358971

>>12356060
Looks gay as fuck. Brick Colonial is the best architectural style.

>> No.12358979

>>12358913
You will always spend more and more and more money to maintain such buildings. If you are done with the top after five years, you realize that there is something you need to replace in the basement, which you did five years earlier.

It is a cycle you need to be able to sustain. You are never really "done" with a house. And the bigger it is, the more expensive and more frequent the expenditures become.

>> No.12358995

>>12358979
My parents own a 4000 sq ft house that's about 20 years old and they've never had to do a single major repair on it.

>> No.12359144
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12359144

>>12358995
>not a single major repair in over 20 years

I am sorry to tell you that, but you and your parents are in for a very, very bad awakening in the next couple of years, if they really completely neglected the house for two decades, even if it was build very well.

>> No.12359871
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12359871

Victorian landlordfag here again

>>12356915

Once wood passes several decades in proper (dry) conditions it basically petrifies and becomes termite resistant. Also, the beams in old construction are generally 1.5 to 2x larger than necessary (3x4" wall studs instead of modern 1.5x3.5" studs, crazy shit like that) , so you have wiggle room for damage. Your big issue to look for is water damage.

>>12356930

refers to the time period more than design

>>12357019

Yep, in 100+ years of various owners, somebody will have done something retarded to the house at some point. If the house has a major problem, you just have to make sure the owner fixes it as part of your settlement or that the price is adjusted accordingly so you can have it done yourself. Definitely get an inspector with experience doing Victorian houses.

>>12357188
>>12357259
>>12357510


>retard zoomer can only buy bitcoin at market value
>turns into pink wojak when he has to sell after the price collapses another 50%
>doesn't realize if you got real estate chops you can buy at house at 70% market value and instantly be up over 30% at time of purchase
>flip, rent, lease to own, airbnb, house hack, literally dozens of ways to make money off of your boomer-shack

>>12358418
>>12358486

Most of my Victorians are stone foundation and brick wall, with rough hewn large lumber framing inside. To be honest, my preference is stone foundation with wood-only framing, easier and cheaper to work with.

>> No.12360349
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12360349

>>12356060
Get ready for a lot of these types of things.

>> No.12360653

>>12359144
That depends on the climate and location.

>> No.12360722

>Pole
>recently bought a concrete 2000 sq ft house, newly built
>nice yard all around it
>still had to spend over 25k to just START finishing it off

Ventilation was all fucked, we had cold and hot air leaks under every window and door, rain leaking in through cracks under window panes, insufficient roof insolation.

Houses are a giant money sink. Feels good to build it out for my family, though.

>> No.12360764

>>12356382
This fucking guy...

>> No.12360770

>>12359871
>Most of my Victorians are stone foundation and brick wall, with rough hewn large lumber framing inside. To be honest, my preference is stone foundation with wood-only framing, easier and cheaper to work with.
What about insulation? In Germany you can fill the empty space between the double layerd brick walls in 100+ year old houses with foam.

>> No.12360782

>>12360722
>houses are a giant money sink
they are if you dont get a good home inspection and buy some cobbled together piece of garbage where the contractors cut corners every step of the way.

>> No.12360816

why are amerifat houses always made of wood? don't you faggots have concrete and bricks? is this why you fatties lose your house every year from hurricanes? lmao

>> No.12360914

>>12360816
Take this question to >>>/diy/ so they can push your shit in, please. I don't have the time.

>> No.12360927

>>12360816
Not everyone lives in a shithole country, Pablo.

>> No.12360934

>>12360914
>>12360927
yes poorfags, tell me more about how cheaper and weaker materials are better.. the cope is real lmao

>> No.12360946
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12360946

>>12360934
Do the research yourself, shitskin.

>> No.12360975
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12360975

>>12360946
>wind blows
>become homeless
>it rains
>become homeless
>paper catches fire
>become homeless
the absolute state of poorfags

>> No.12360978

>>12360934
I almost want to take the time to explain cost&workability to durability ratio of the available materials in a country that spans an entire hemisphere, where every generation the entire working population is required to relocate geographically, but... instead I'm going to eat nachos.

>> No.12360988

>>12360978
its not hard to understand. You guys are poor and can't afford real houses

>> No.12361010

>>12360975
>no access to wood
>low building standards
>everything made of mud, brick, and stone

Shithole country problems.

>> No.12361025

>>12360988
You ain't offending me... As a muslim, live in a leather sack attached to your mom's waist.

>> No.12361027

>>12361010
real houses are made of concrete and bricks. your shitty wood sheds are barely better than mud huts in africa lmao

>> No.12361037

>>12361027
This guy's ghosting the big bad wolf in style.

>> No.12361043
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12361043

>>12361027
Tell me more about real houses, Pablo.

>> No.12361056

>>12361043
pretty sure mexicans have the same shitty wood sheds as you Jamal

>> No.12361073

>>12361056
They use a lot of concrete actually, because the wood boring insect problems are biblical down there. You'd love beaner commieblocs desu.

>> No.12361083

>>12361056
Lmao, you're too embarrased to even post an example of a "good house" in your country.

>> No.12361117
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12361117

>>12361073
>>12361083
have you guys ever seen a castle made of wood? yeah I didn't think so. Stay mad and poor amerifats

>> No.12361118

>>12361083
Probably an eastern euro hovel, complete with: green curtains, a genuine hobo stove cooking something cabbage related, and an 8inch black&White tv, but Americans don't know what living is...

>> No.12361129

>>12361117
Why do you keep posting Bangladesh shit dude? I'm loling

>> No.12361153

>>12361129
third world shitholes like bangladesh and africa are the only places other than USA that still have wooden houses. If it wasn't for the few cities there that have skyscrapers you would be considered 3rd world country too

>> No.12361156
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12361156

>>12361117
You live in a castle?

>> No.12361169
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12361169

>>12361156
compared to the wooden cuck shed you live its a castle

>> No.12361173
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12361173

>>12361169
>Imaginary castle

>> No.12361196
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12361196

>>12361173
feels good to live in a house that won't collapse every time there is wind or rain outside

>> No.12361315
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12361315

>>12356245
NO.
Let it rot and let boomers burn.
Those are rotten plywood shitboxes costing 500k + another 250k to fix.
And you will never ever fix it ad integrum.
Plus asbestos, that's another thousands and mesothelioma guarantee.

>> No.12361362

>>12358686
They are unironically built from Britbong gibs kek
Also ugly as fuck. Gypsies like to overdesign decoration and paint the whole interior gold.

>>12358598
That's a beauty.

>> No.12361646
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12361646

>>12356060
I reviewed an absolute pissload of BPOs and Appraisals of these and lived in a few can say the following based on that:

>build quality is extremely high. Strong, mature and thick hardwoods were commonly used and short of major water or foundation issues, the internals are practically timeless as result.
>can be found just about anywhere east of the Mississippi at every price range imaginable.
>almost 100% have basements
>often have the unique benefit of being located in areas zoned both for single family and multi family use, enabling easy conversion to income properties (NY and many eastern cities are perfect examples).
>generally dated utilities (oil heat, no AC, old electrics ect) can be extremely expensive relative to property value to replace.
>nigger tenants, section 8 zoning, rent control ect make a significant portion of available properties far more work then they are worth unless you are a kike.
>a really good portion of what Fannie/Freddie stills owns are victorian style, and they have become experts at clearing up/repairing beat up foreclosures, but never update. Prices tend to be reasonable as well.
>Vermont is filled to the fucking brim with these, usually on 5+ acres farming improvements like barns/outhouses ect and they are all relatively cheap (~300k)
>the only property type that you are 100% sure you saw evidence of murder at.
>Very common rentals around college campuses

Obviously you want an extremely detailed inspection based on the age.

>> No.12361868

>>12360816
>hurricanes
The only areas commonly beset by hurricanes is south Florida and all the houses are made of concrete there. However, most houses aren't made of wood, only the old ones... but those are the ones that have charm... not that a huemonkey subhuman like you can understand that.

>> No.12361881
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12361881

How are homes "investments" when new homes in new developments away from colored people are almost always more desirable to the average NPC?

>> No.12361908

>>12356060

The amount of painting and work repairing rot and cracked plaster on big weatherboard houses like this is just a nightmare, I would only ever buy brick again

>> No.12361929

>>12361868
>being poor has its charms..heh..
lmao the cope

>> No.12361957

>>12361117

easy, breezy, beautiful

>> No.12362514

>>12361929
The wooden houses are almost always more expensive than concrete you triple-nigger. They have a natural movement and creak in the night like something alive unlike brutalist lifeless concrete.

>> No.12362634

>>12356060

RE agent here.

High maintenance, high appeal.

Think about this: In 100 years do you expect to see new construction still standing and deemed "historic"

Houses built in the 90's are already fucking crumbling, it's ridiculous...

>> No.12362648

>>12356267

Asbestos siding is fine if you don't break off pieces and start eating it.

>>12356324

GET THAT VINYL OFF YOU FUCKING GOD DAMNED NIGGER, USE HARDY BOARD IF YOU MUST

>> No.12362656

>>12356060
well if it's that horrendous color, you know there's no HOA and it's not in a Historic District.

>> No.12362680

>>12356324
Hello, Lauren Atkinson

>> No.12362684

>>12356128
>I've even seen a Victorian house built in the 20's that had copper wiring insulated with fucking cloth

I own a Bungalow from 29.
We had some guys blow insulation into our attic and they said we had live knob-and-tube.
I go look, and we have cloth wrapped wire going from a junction box to a knob, then down into the wall. We go downstairs and fins the outlet it goes to and when we take the plate off the outlet crumbles into dust. It had burn marks on it and the box was full of partially burned spray foam.

Old houses are full of decades of bad decisions. One generation put lead in everything, then the next paints over quartersawn oak and carpets the hardwood floors.

>> No.12362714

>>12356324
Good color palette, but that vinyl siding sucks. You should have gone for some kind of reproduction, the house has a lot of personality and the horizontal lines just hold it back.

just my two cents.

>> No.12362731

>>12362684
I used to be an Electrician Apprentice. Knob & Tube wiring really does need to be replaced. People in the 20s were using lamps where we're using vacuum cleaners, microwaves & hairdryers. Also check for FPE panels. These lost their UA rating in the 80s because breakers don't flip.
I've had a direct short that welded my linemans together and never flipped the breaker.

>> No.12362746

>>12358971
Queen Anne > Gothic revival > Greek Revival > Craftsman > Colonial > cave > ranch house

>> No.12362747

what are you a fucking barbie

>> No.12362781

>>12362731
the rest of the wiring is modern, it just had one burned up outlet running through a knob to a junction box. We undid the connection and removed the outlet. I think the old wire was actually aluminum or steel, the insulation was falling apart when i touched it.

Anyway, the insulation guys understandably wouldnt blow insulation over it.

The insulation was actually free, our insurance company had a program for old houses where they pay a contractor to seal gaps, replace bulbs with LEDs, replace windows, blow in insulation, and cover the AC with Mastic. We didnt pay a cent.

>> No.12363175

>>12356382
Kek this. Boomer boxes are going to be rendered valueless in the coming tech disruption of the housing market. You haven’t seen shit yet.
>t. y comb investor

>> No.12363465

>>12356854

Belv?

>> No.12363627

>>12357510
legitimately the worst advice in this thread.

>> No.12363754

>>12357528
Why is it a terrible idea to buy a house to sit on?

Rent for my house would have been $1,250. My monthly costs are $900 (mortgage, insurance, tax). I'll probably spend around $100 in upkeep. So I save $250 a month and if it appreciates at all even better.

Exit strategy is to rent it later or just sell.

>> No.12364148

>>12362514
>wood is more expensive
>wood make noises so its better
just stop. you are just embarrassing yourself now

>> No.12364169

>>12364148
Poor people in the third world get wooden houses. The wealthy get concrete.

>> No.12364178

>>12356060
can't even make wagecuck threads anymore.

>> No.12364187

>>12363175
How will tech disrupt the housing market? I'm curious

>> No.12364473

>>12362634
This is what I was thinking

>> No.12364480

>>12364169

>concrete

Literal communist shitholes.

>> No.12364486

>>12364480
tell us more about those advanced wooden huts in africa

>> No.12364500
File: 143 KB, 685x1024, 492D401E-CC6B-40B9-90CC-2A513ACA7131.jpg [View same] [iqdb] [saucenao] [google]
12364500

Concrete fags GTFO please

>> No.12364542

Can anyone tell me why concrete isn't as good as wood?

Wood is significantly cheaper and tends to break down overtime. Which is why in most places code to to build concrete foundations.


It just seems that Americans are butt hurt that they use lesser quality building materials.

>> No.12364554

>>12364542
its just poorfags coping

>> No.12365119

>>12356693
It is probably haunted though. Victorians always are. Have fun never sleeping again when there are faces melting off the walls of your bedroom.

>> No.12365172

>>12358593
>Try to make point about the fragility of these homes
>They are centuries old and still standing

>> No.12365368

>>12365172
Hey don’t realIe our European great fr father’s weren’t jews and took pride in their craftsmanship and acrually built house to last forever not 5 years

>> No.12365375

>>12365119
>believing in ghosts and religion
not going to make it

>> No.12365415

>>12358913
I have seen such buildings from the inside while in the making when i went to Moldova on vacation.
The very foundation of such gypsy buildings is fucking poorly made.
Moldavian building standards are pretty low, but the gypsies manage to get even lower.
Their buildings are all blingbling with a lot of horeseshit under the surface.