Housing Bubble 2: Return of the Ugly

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A community for discussing and documenting the second great housing bubble.

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SeattleRain

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Back in my day we just called them flop houses. (lemmy.world)

submitted 5 months ago by SeattleRain to c/housing_bubble_2

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[–] HootinNHollerin 31 points 5 months ago* (last edited 5 months ago) (5 children)

It’s really really hard to find a place that’s not a complete rip off here

[–] teejay 24 points 5 months ago* (last edited 5 months ago) (2 children)

San Diego: City of small "starter" houses built 60+ years ago that haven't been repaired or upgraded since. Expect asbestos, no insulation in the walls, rusted and cracked cast iron plumbing, failing and dangerous wiring, crumbling exterior stucco, water damage in the bathrooms, dry rot in the exterior wood, all for well over $1mm. Oh and your nextdoor neighbor has been living there since the 70s and is paying about $80/mo in property taxes.

[–] HootinNHollerin 14 points 5 months ago (1 children)

You just perfectly described the house I live in and my neighbor 100%

[–] [email protected] 6 points 5 months ago

They still mad about the permit they had to get in the 80s? Because man those old folks with the fully owned estates sure held a grudge.

[–] aesthelete 2 points 5 months ago

I'm basically trapped in the condo that I bought in 2020 because of the absolutely unexaggerated reality you are describing here.

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