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Cake day: June 11th, 2023

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  • To the occupant, “Land Contracts” are probably the most rent-like alternatives to actual rent.

    I would draw a big target on institutional investors, by jacking property taxes through the roof, while issuing “homestead” exemptions to owner occupants. As soon as we do that, every landlord (who doesn’t live on the property) is going to get hit with a massive tax bill…

    OR

    … they are going to find some way to make their “tenant” qualify as the “owner”.

    Here’s where “Land Contracts” come in. These are a form of seller financing. They are recorded by the county, much like a deed. The “buyer” is considered the owner.

    With a land contract, you pay a fixed monthly payment, much like a mortgage. That payment normally doesn’t change for the life of the contract: You aren’t going to face a steep rent hike every year.

    For the first three years, you are free to walk away from the property, just like leaving a rental. Ownership simply reverts to the seller.

    After three years, your previous payments are considered the “down payment” on the property. The contract converts to a traditional mortgage. You continue to make the same payments, but now, you have equity in the home.

    So, you can get the short-term flexibility of renting, but if you realize you’ve settled down, you’re already well on your way to ownership.

    Landlords get a way to claim that the property is occupied by the “owner”, and avoid the massive tax hike.

    Adopting this, the only properties that will remain “for rent” will be the spare units in duplexes, triplexes, and quadplexes, where the landlord occupies one of the units.








  • Rivalarrival@lemmy.todaytoScience Memes@mander.xyzfuck this
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    3 days ago

    No doubt, no doubt. There are plenty of articles claiming JSO protests are effective.

    Of course, if they were actually effective, you wouldn’t need to point to news articles promoting the virtues of standing around in the street. You’d be able to point to oil consumption rates. If their protests were actually effective, oil consumption rates would be falling.

    The reality is that those articles do nothing but make you feel good, like something is being done. But reality doesn’t care about feelings, or the fiddling articles designed to make us feel good while the world burns.


  • I was an agent in a former life. Your understanding of the purchasing process is deeply flawed. If you don’t fix it, you’re going to get screwed over again and again. Fortunately, it’s an easy fix. Here’s the process you should follow:

    1. Look up the house you want to purchase.

    2. Write the offer, sight unseen. Get some kind of offer in front of the seller as early as possible. Sounds scary? It’s not: You’re going to include “inspection” and “financing” contingencies, and you aren’t going to send earnest money until you’ve actually seen the property.

    3. Only after the seller accepts or counters your offer do you schedule your first showing. Here is where you confirm the property is what you actually wanted, and is in the “good” condition you assumed. If you don’t fall in love the first time you see it in person, exercise your inspection contingency and walk away. If it’s not in the “good” condition you assumed when you wrote the offer, plan on renegotiating.

    NEVER waste your time “researching” or getting emotionally invested in a property until you have it under contract. If you don’t have a contract, it will get sold out from under you.

    Your inspection and financing contingencies are your escape route. Use them. Lock the seller in early, and plan on walking away if you don’t love everything about the house and the deal.





  • Rivalarrival@lemmy.todaytoPolitical Memes@lemmy.worldraw sewage
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    4 days ago

    Basically, the EPA has been saying “we don’t care what you actually release, so long as the water you release it into is at least [this] clean” after you do it." With this approach, the city has to monitor the water, and they become responsible for whatever anybody dumps in the water anywhere, even outside the city’s jurisdiction. When a cruise ship dumps its sewage tanks overboard 30 miles up current, the city is responsible for that dumping, even though they have no jurisdiction over the ship.

    The court said this isn’t acceptable. They said the EPA - not the city - is responsible for the water. The EPA must specify exactly what can and cannot be released. If they aren’t satisfied with the water quality, they have to tell the city to release less, and/or go after the other entities doing the dumping.

    This ruling is much ado about nothing.