This is my essay question on declining economy please help!!!?
I would recommend you support allowing the people to stay temporarily while social services agencies and charitable organizations reach out to help the people find work or more permanent housing. I suggest you consider the following points to support your argument: Removing the people from this location simply relocates the problem. If people are more widely dispersed, it makes solving the homeless problem harder than it is if there is easy access to a substantial percentage of them in your community in one location. Because the declining economy is expected to take longer than many previous downturns to correct, it's not sufficient to disperse these people and expect that they will find jobs and not congregate in another location soon after. The cost of dispersing them will repeat at that location, and again and again until you finally find solutions. Finding the solutions now will avoid the repeated enforcement costs. A community that looks out for its own in times of trouble is more cohesive and benefits in many ways over a community where there is a sense of alienation by those who have fallen on hard times temporarily. There are tangible benefits in a community like this, particularly lower law enforcement costs, less vandalism, and fewer people dropping into a sub or counter culture that fails to contribute to the local economy. A hand up is a better long term investment than either a hand out or an oppositional posture toward those temporarily in trouble.
If buying a house is a good investment, why haven't investors already bought all the houses that are going to have positive ROI?
The real estate market is inefficient. That means that there is not a perfect supply and demand system with perfect pricing. When you invest in the stock market you know exactly what the prices of everything are, and if more people want to buy than sell, the price usually goes up for everyone. Millions of people are buying the exact same thing, so the price is easy to come up with.Every single piece of real estate is different. Even brand new condos that are exactly the same in the same building, have different views. Because ever single piece of real estate is different, the prices are not easily known. Real estate is also very market specific. A house could sell for $20,000 in Ohio, but a similar house could sell for $500,000 in California.People are also buying and selling for various reasons:They want a bigger houseThey have to move out of stateThey want a smaller houseThey need moneyThey inherited a houseSome people would rather sell fast than for the most money. Some people do not want others to see their house. Some people do not trust agents. Some people need to sell really fast. Because people have different reasons for selling, they may or may not present a great price for an investor.How to Find a Great Deal on an Investment Property - Invest Four MoreThere are millions of houses in the United States and people are constantly buying and selling. There will always be new inventory coming up. Certain areas will have better ROI than others due to prices, rents, taxes, and many other factors.How do you Know Where to Buy Long Distance Rental Properties? - Invest Four MoreThere will always be deals in every market for investors who know how to look for them. It is not easy, and they may not be the best deals for rentals, but could work as flips or other investments. Real estate very complicated and because of that there will always be opportunities.What Kind of Real Estate Investing is Best for You? - Invest Four More
Our house been on the market for 1 month with no showings yet does anyone out there having the same problem?
First, take a look at the information your Realtor has put in the MLS and make sure it is accurate. If it is, it sounds like you are not competitive in your price range. Have your Realtor show you other homes at your price and see how yours measures up. If you are appropriately priced, ask your Realtor what they are doing to market your home. Do you have good pictures and a virtual tour? Flyers? What websites is your home on? Advertising? Are they planning an open house or a brokers tour? It is a buyer's market, people are taking their time, hang in there.
Your town is considering building a nuclear power plant. Describe at least two advantages and two disadvantage?
Your town is considering building a nuclear power plant. Describe at least two advantages and two disadvantages of this project. Based on these factors would you recommend that they continue with the project or consider other options?
Given the choice between building a house vs. purchasing then doing an extensive remodel/addition to an existing home, what would you choose?
If you act as the contractor for the new build you will save tens of thousands of dollars, but, you have to be able to line up all of your subcontractors. I have worked on several homes where the owner was the contractor, none of them had construction experience, and they were able to pull it off. I would suggest if you try this route to find a really reliable framing subcontractor who is willing to help you line up all the other subs, and to deal with some of the headaches with you. As there will be some headaches. However, this will allow you to build exactly what you want at about two-thirds of the cost of a new home.
How does a house get condemned?
There are many reasons for a property to be condemned. They usually relate to health and safety issues such as sanitation, electrical, plumbing or heat & air. They can also include such things as doors, windows, roofing, siding, etc.You can find out what the code vioations are that led to the condemnation by calling 311 and getting connected to the codes department.If a house is condemned, that means that it is unfit or unsafe for human habitation. Frequently, tenants of a rental property trying to get the landlord to fix something will "show him" by calling the codes department. It backfires on the tenants because if the codes department, condemns the house, no one, including the tenants can live there. So, the answer to the question is....you cannot live there while working on it.Another issue is that sometimes if one thing is noted for a codes violation, depending on the violations, sometimes they will make you bring everything up to code.If you have any questions, need any help, please go to Wilmington Real Estate (in my bio) and contact us for help!
Would there be more houses available if everybody only had one house?
No - the economics don’t support this. There are areas of the US experiencing housing shortages now for a number of reasons:Builders behind in supply. Starting in 2008, builders gave up options on land, spun off land that they were holding, laid-off staff, and restricted their activity. They were slow to rebuild capacity and this has led to a current undersupply in many markets.Misalignment of supply and demand chains. The current demand is for low cost housing, but no one is building it. Builders can make a much higher profit margin in high-end housing, so there is little affordable housing being built.Renters Many potential homeowners are opting to not purchase homes, because the market is not supplying what they are demanding. This is increasing the demand for apartments. In turn builders are turning to multifamily projects. Demand for apartments is now pushing up rents in many markets.Single Family Rentals - large scale investors are purchasing homes taken in foreclosure in bulk and holding them in SFR portfolios. This is further absorbing the affordable housing supply. The typical buyer cannot access these, as they are only sold in bulk.Homeowners not moving up - traditionally homeowners would upgrade to a larger and/or nicer home and sell the last one and therefore there was an upward trend. Lately homeowners are electing to stay in their homes (due to having refinanced at historically low rates), and instead are making renovations and repairs.The most significant factors to why you can’t find an affordable home are #2, #4 and #5 — the supply is being absorbed by investors and not replenished. This is made worse by homeowners not moving up.The supply/demand imbalance is leading to inflating prices. This time not in a specualtive way, like in the early 2000’s bubble. There is a bubble, but this time it might not be able to deflate, because there is underlying demand. How this will playing in the coming recession (yes - there is one on the way), is something new that we haven’t seen before.If you’re at the early stages of your career, you might be stuck as a renter for some time to come or will be forced to spend a much higher portion of your income on housing. One solution may be to look for a job that allows you to telecommute and then move to one of the markets where housing is still more affordable or there is a surplus of land (e.g. Tulsa, OK) — then buy a plot and start a small home that you can add on to.