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(Mansion Global)   Remember all those people from the cities who rushed to buy suburban houses during the pandemic? Well they now regret it   (mansionglobal.com) divider line
    More: Facepalm, Real estate, Apartment, Santa Clarita house, House, Ms. Holloway, small apartments, Home, cardinal rule of home buying  
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2424 clicks; posted to Business » on 12 Feb 2021 at 12:35 PM (9 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2021-02-12 12:04:22 PM  
So it's exactly what happened to all the people who bought urban lofts 10 years ago and realized they couldn't walk their dog without being offered crack?
 
2021-02-12 12:08:31 PM  
Ms. Holloway said she helped a family move this summer after discovering that the Hamptons house they had just bought had an infestation of wasps nests in the backyard.

What did you expect? Isn't New England the original WASP nest?
 
2021-02-12 12:12:05 PM  
I keep seeing the phrase "Waived Inspection" in these whiny-ass stories about how folks overpaid 100k on there 1.5 million dollar houses.

Mods, can you replace "People" in the headline with "Dumbasses?"
 
2021-02-12 12:23:04 PM  

NikolaiFarkoff: So it's exactly what happened to all the people who bought urban lofts 10 years ago and realized they couldn't walk their dog without being offered crack?


If you work in the financial sector, that's a feature, not a bug.
 
2021-02-12 12:31:01 PM  
I would love to play a tiny violin for these people but the tiny violin factory went out of business due to covid
 
2021-02-12 12:39:07 PM  
FTA: "A house, unlike expensive jewelry or clothing, can't be returned if the buyer is unhappy with it, so a cardinal rule of home buying is that you shouldn't rush into a purchase.' But in 2020, millions of Americans did just that."

'Merica!
 
2021-02-12 12:40:14 PM  
This is par for the course in a hot market. Sure, you can uncover issues with due diligence and inspections, but when the sellers have multiple offers waiving them, you won't be getting a house. And unfortunately hot markets mean you need to place an offer the day the house goes on the market--so the decision is inherently rushed.
 
2021-02-12 12:40:48 PM  
I got as far as "without performing due diligence" and closed the tab.

I'm going to assume this article will describe regret that would be experienced by any buyer anywhere at any time when you add that phrase.
 
2021-02-12 12:41:05 PM  
My plow-guy friends are delighted at all the work they've gotten from rich fools who fell in love with their new places in Dutchess County...on top of a hill...at the end of a half-mile driveway.

"No worries. We'll just winter in Rio," they said. Good times!
 
2021-02-12 12:41:15 PM  

NikolaiFarkoff: So it's exactly what happened to all the people who bought urban lofts 10 years ago and realized they couldn't walk their dog without being offered crack?


I lived in an urban loft 10 years ago and nobody ever offered me crack 😔
 
2021-02-12 12:47:18 PM  
Don't banks and financial institutions require a home inspection before before approving the house loan?
 
2021-02-12 12:49:11 PM  

wiseolddude: Don't banks and financial institutions require a home inspection before before approving the house loan?


No, AFAIK, just an appraisal is required, which, depending on the market, may not even require the appraiser to visit the property in person.
 
2021-02-12 12:52:03 PM  

Nadie_AZ: Ms. Holloway said she helped a family move this summer after discovering that the Hamptons house they had just bought had an infestation of wasps nests in the backyard.

What did you expect? Isn't New England the original WASP nest?


No, pretty sure that's in England
 
2021-02-12 12:52:23 PM  
I blame Discovery Channel for creating the VID to brainwash viewers with house hunting and renovation shows giving people unrealistic expectations. I am sure they profited handsomely.


Atomic Jonb


I keep seeing the phrase "Waived Inspection" in these whiny-ass stories about how folks overpaid 100k on there 1.5 million dollar houses.


And this... oh sweet jeebus this.
 
2021-02-12 12:55:51 PM  

OptionC: NikolaiFarkoff: So it's exactly what happened to all the people who bought urban lofts 10 years ago and realized they couldn't walk their dog without being offered crack?

I lived in an urban loft 10 years ago and nobody ever offered me crack 😔


Is there a class action suit you can join or something?

That's part of the fabric of any good downtown neighborhood.

As Mike Birbiglia once said, they really need to offer you a Snapple first, just to hook you in. Then the crack becomes an easier sale.
 
2021-02-12 12:57:43 PM  

Nadie_AZ: Ms. Holloway said she helped a family move this summer after discovering that the Hamptons house they had just bought had an infestation of wasps nests in the backyard.

What did you expect? Isn't New England the original WASP nest?


That's on the opposite shore of the Long Island Sound.
 
2021-02-12 1:05:31 PM  

OptionC: NikolaiFarkoff: So it's exactly what happened to all the people who bought urban lofts 10 years ago and realized they couldn't walk their dog without being offered crack?

I lived in an urban loft 10 years ago and nobody ever offered me crack 😔


What no dog?
 
TWX [TotalFark]
2021-02-12 1:05:47 PM  

wiseolddude: Don't banks and financial institutions require a home inspection before before approving the house loan?


Rich twits that can pay cash don't need to involve a bank.

Some of the people described sound like they paid cash.
 
2021-02-12 1:07:28 PM  

NikolaiFarkoff: So it's exactly what happened to all the people who bought urban lofts 10 years ago and realized they couldn't walk their dog without being offered crack?


When I first moved into my loft in 2000, we had crack dealers, but they were gentrified in a few years.  It's amazing how fast it happens.  There are people paying a million dollars for 3 bedrooms in neighborhoods where the majority of residents were crackheads 15 years ago.

I think all the crackheads just moved to the suburbs.
 
TWX [TotalFark]
2021-02-12 1:10:17 PM  

Gulper Eel: My plow-guy friends are delighted at all the work they've gotten from rich fools who fell in love with their new places in Dutchess County...on top of a hill...at the end of a half-mile driveway.

"No worries. We'll just winter in Rio," they said. Good times!


I've watched enough of Andrew Camarata's videos on Youtube to expect that if I ever had to live in rural New England or upstate New York, getting proper snow removal equipment, possibly a personal plow truck, would be a high priority.
 
2021-02-12 1:12:53 PM  

NikolaiFarkoff: So it's exactly what happened to all the people who bought urban lofts 10 years ago and realized they couldn't walk their dog without being offered crack?


No one offers you crack if you don't look like a crackhead.
 
2021-02-12 1:14:10 PM  

Atomic Jonb: I keep seeing the phrase "Waived Inspection" in these whiny-ass stories about how folks overpaid 100k on there 1.5 million dollar houses.

Mods, can you replace "People" in the headline with "Dumbasses?"


I bought new construction about 12 years ago and most definitely had an inspector look at it before closing. Seems like shelling out a few hundred bucks to ensure a home of many hundreds of thousands of dollars is a worthwhile investment.
 
2021-02-12 1:14:37 PM  

gamergirl23: NikolaiFarkoff: So it's exactly what happened to all the people who bought urban lofts 10 years ago and realized they couldn't walk their dog without being offered crack?

No one offers you crack if you don't look like a crackhead.


You are funny
/I got rocks, I got blows
 
2021-02-12 1:18:48 PM  
crazy shiat like buying a house in San Francisco to escape Brooklyn is anecdotal and not really indicative of how most people feel about purchasing a home.
 
2021-02-12 1:30:26 PM  

Random Anonymous Blackmail: I blame Discovery Channel for creating the VID to brainwash viewers with house hunting and renovation shows giving people unrealistic expectations. I am sure they profited handsomely.


Atomic Jonb

I keep seeing the phrase "Waived Inspection" in these whiny-ass stories about how folks overpaid 100k on there 1.5 million dollar houses.


And this... oh sweet jeebus this.


I give these the rare double smart

Couple rehabs houses in an hour on tv with a 6 week timeline Doesnt show the 15 guys actually busting hump to get done
 
2021-02-12 1:30:58 PM  
Ms. Holloway said she helped a family move this summer after discovering that the Hamptons house they had just bought had an infestation of wasps nests in the backyard. The family didn't find the wasps until after closing because they had waived the inspection in the midst of a bidding war, said Ms. Holloway, who wasn't representing them at the time. Deciding the property was unsafe for their young children, they immediately put the Westhampton Beach home on the market. Ms. Holloway and a colleague helped them find another house to buy.

I feel like there might have been a quicker, easier solution to the insect problem then buying another house.
 
2021-02-12 1:31:17 PM  

HotWingConspiracy: Ms. Holloway said she helped a family move this summer after discovering that the Hamptons house they had just bought had an infestation of wasps nests in the backyard. The family didn't find the wasps until after closing because they had waived the inspection in the midst of a bidding war, said Ms. Holloway, who wasn't representing them at the time. Deciding the property was unsafe for their young children, they immediately put the Westhampton Beach home on the market. Ms. Holloway and a colleague helped them find another house to buy.

I feel like there might have been a quicker, easier solution to the insect problem then buying another house.


*than
 
2021-02-12 1:34:46 PM  

HotWingConspiracy: HotWingConspiracy: Ms. Holloway said she helped a family move this summer after discovering that the Hamptons house they had just bought had an infestation of wasps nests in the backyard. The family didn't find the wasps until after closing because they had waived the inspection in the midst of a bidding war, said Ms. Holloway, who wasn't representing them at the time. Deciding the property was unsafe for their young children, they immediately put the Westhampton Beach home on the market. Ms. Holloway and a colleague helped them find another house to buy.

I feel like there might have been a quicker, easier solution to the insect problem then buying another house.

*than


The $10 solution
https://www.grainger.com/product/4HK6​0​?cm_mmc=PPC:+Google+PLA&ef_id=CjwKCAiA​65iBBhB-EiwAW253Ww0zwol5O6gqdXw1IMYmH3​6HA7FtNgu-HNsox4vCq0eZwnMvg2S0NBoCd4AQ​AvD_BwE:G:s&s_kwcid=AL!2966!3!26495591​6297!!!g!492192882607!&gucid=N:N:PS:Pa​id:GGL:CSM-2295:4P7A1P:20501231&gclid=​CjwKCAiA65iBBhB-EiwAW253Ww0zwol5O6gqdX​w1IMYmH36HA7FtNgu-HNsox4vCq0eZwnMvg2S0​NBoCd4AQAvD_BwE
 
2021-02-12 1:35:50 PM  

chitownmike: gamergirl23: NikolaiFarkoff: So it's exactly what happened to all the people who bought urban lofts 10 years ago and realized they couldn't walk their dog without being offered crack?

No one offers you crack if you don't look like a crackhead.

You are funny
/I got rocks, I got blows


I remember the late 90s and "I got rolls" was the common refrain.
 
2021-02-12 1:37:39 PM  

Rapmaster2000: chitownmike: gamergirl23: NikolaiFarkoff: So it's exactly what happened to all the people who bought urban lofts 10 years ago and realized they couldn't walk their dog without being offered crack?

No one offers you crack if you don't look like a crackhead.

You are funny
/I got rocks, I got blows

I remember the late 90s and "I got rolls" was the common refrain.


Actually, do people still buy drugs on the street?  My stories of street dealers are all pre-text messaging.  I just assume you text your guy or another guy and just work it out.

I can't say that I've really noticed it much for at least 10 years.
 
2021-02-12 1:47:22 PM  

Rapmaster2000: Rapmaster2000: chitownmike: gamergirl23: NikolaiFarkoff: So it's exactly what happened to all the people who bought urban lofts 10 years ago and realized they couldn't walk their dog without being offered crack?

No one offers you crack if you don't look like a crackhead.

You are funny
/I got rocks, I got blows

I remember the late 90s and "I got rolls" was the common refrain.

Actually, do people still buy drugs on the street?  My stories of street dealers are all pre-text messaging.  I just assume you text your guy or another guy and just work it out.

I can't say that I've really noticed it much for at least 10 years.


Absolutely still around.
 
2021-02-12 1:47:27 PM  
I've tossed this CSB into another thread not long ago.  Kinda sorta applies here too.

When I was a wee lad, I lived in a NYC suburb.  At one point a couple from the city moved next door, they kept an apartment there but wanted a "weekend getaway" that was only an hour or so drive.

Not long after they moved in, they put letters in most of the mailboxes around the block, saying they're a "hard working couple" that got the place to get away from the noise on the weekends.  They'd appreciate it if everyone did their yard work during the week, when they were down in the city.

Note, during the week my parents worked and I had school. Weekends were the only time to get things done.  Most of our neighbors were the same.

They didn't last a year.  Wouldn't be surprised if finding out the city wasn't going to plow their driveway in the winter and mow their lawn in the summer also had something to do with it.
 
2021-02-12 1:49:02 PM  

HotWingConspiracy: Ms. Holloway said she helped a family move this summer after discovering that the Hamptons house they had just bought had an infestation of wasps nests in the backyard. The family didn't find the wasps until after closing because they had waived the inspection in the midst of a bidding war, said Ms. Holloway, who wasn't representing them at the time. Deciding the property was unsafe for their young children, they immediately put the Westhampton Beach home on the market. Ms. Holloway and a colleague helped them find another house to buy.

I feel like there might have been a much cheaper solution to the insect problem then buying another house.


Fxt
 
2021-02-12 1:49:11 PM  
Oh, f**k off.
 
2021-02-12 1:54:24 PM  
Stella Guan spent months searching for a home to buy, getting outbid again and again in the white-hot real-estate market of the Los Angeles suburbs. Finally, her offer on a "beautiful" Santa Clarita house was accepted in August, she said. The graphic designer, 30, paid roughly $600,000 for the house. But after sleeping there for only a few nights, she had an unfortunate realization. "I was like 'uh oh, I hate this house,' " she recalled. "I hate this house so much


Fark user imageView Full Size
 
2021-02-12 1:56:42 PM  
California is full of flakes?  You don't say.
 
2021-02-12 2:01:20 PM  

Gulper Eel: My plow-guy friends are delighted


NTTAWWT
 
2021-02-12 2:13:08 PM  

mrmaster: Rapmaster2000: Rapmaster2000: chitownmike: gamergirl23: NikolaiFarkoff: So it's exactly what happened to all the people who bought urban lofts 10 years ago and realized they couldn't walk their dog without being offered crack?

No one offers you crack if you don't look like a crackhead.

You are funny
/I got rocks, I got blows

I remember the late 90s and "I got rolls" was the common refrain.

Actually, do people still buy drugs on the street?  My stories of street dealers are all pre-text messaging.  I just assume you text your guy or another guy and just work it out.

I can't say that I've really noticed it much for at least 10 years.

Absolutely still around.


Too gentrified around here and I'm too old.
 
2021-02-12 2:23:12 PM  
What kind of dumbfark can't get rid of wasps?
 
2021-02-12 2:26:46 PM  
At least the only thing I bought too much of was toilet paper.....
 
2021-02-12 2:33:13 PM  
All of them, huh? What are the odds?
 
2021-02-12 2:33:59 PM  

Nadie_AZ: Ms. Holloway said she helped a family move this summer after discovering that the Hamptons house they had just bought had an infestation of wasps nests in the backyard.

What did you expect? Isn't New England the original WASP nest?


This is really really common. Thankfully the hard lesson only needs to be fixed once, and you get *freaking* delicious honey each year when the beekeeper comes back to treat your home to prevent further infestations. (Not sure why beekeepers deal with wasps but shrug.)
 
2021-02-12 2:36:27 PM  
30 year old graphic designer paid $600,000...

I got stuck there....
 
2021-02-12 2:36:53 PM  

Nadie_AZ: Ms. Holloway said she helped a family move this summer after discovering that the Hamptons house they had just bought had an infestation of wasps nests in the backyard.

What did you expect? Isn't New England the original WASP nest?


That's cityfolk talk for "Ewww, bugs."
 
2021-02-12 2:45:14 PM  

My Second Fark Account: Nadie_AZ: Ms. Holloway said she helped a family move this summer after discovering that the Hamptons house they had just bought had an infestation of wasps nests in the backyard.

What did you expect? Isn't New England the original WASP nest?

This is really really common. Thankfully the hard lesson only needs to be fixed once, and you get *freaking* delicious honey each year when the beekeeper comes back to treat your home to prevent further infestations. (Not sure why beekeepers deal with wasps but shrug.)


Until you got to mentioning the beekeeper coming over, I was beginning to have some reservations about your wisdom.
external-preview.redd.itView Full Size
 
2021-02-12 2:48:46 PM  
If the market is hot you can still do all the due diligence and bargaining you like. But you ain't getting a house when there are multiple full price offers
 
2021-02-12 2:53:06 PM  
Ha ha, now you live in the suburbs.
 
2021-02-12 2:55:41 PM  

ThatGuyFromTheInternet: My Second Fark Account: Nadie_AZ: Ms. Holloway said she helped a family move this summer after discovering that the Hamptons house they had just bought had an infestation of wasps nests in the backyard.

What did you expect? Isn't New England the original WASP nest?

This is really really common. Thankfully the hard lesson only needs to be fixed once, and you get *freaking* delicious honey each year when the beekeeper comes back to treat your home to prevent further infestations. (Not sure why beekeepers deal with wasps but shrug.)

Until you got to mentioning the beekeeper coming over, I was beginning to have some reservations about your wisdom.
[external-preview.redd.it image 500x281]


i.pinimg.comView Full Size
 
2021-02-12 3:03:23 PM  

Random Anonymous Blackmail: I blame Discovery Channel for creating the VID to brainwash viewers with house hunting and renovation shows giving people unrealistic expectations. I am sure they profited handsomely.


Atomic Jonb

I keep seeing the phrase "Waived Inspection" in these whiny-ass stories about how folks overpaid 100k on there 1.5 million dollar houses.


And this... oh sweet jeebus this.


ohhhhh yeah.  Between "Discovery", "TLC", and HGTV constantly bombarding people with house stories that all have the exact same arc, there's a LOT of blame to go around there.
 
2021-02-12 3:13:32 PM  

chitownmike: gamergirl23: NikolaiFarkoff: So it's exactly what happened to all the people who bought urban lofts 10 years ago and realized they couldn't walk their dog without being offered crack?

No one offers you crack if you don't look like a crackhead.

You are funny
/I got rocks, I got blows


I stand near the special corner whenever I get Chinese food and it's never happened. People do offer to sell me packages of bulk socks though.
 
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