Quality can still be found, it just can’t be assumed. I think that’s the case for far too many things these days.
Quality can still be found, it just can’t be assumed. I think that’s the case for far too many things these days.
I was also very lucky though. I thought I could configure the sectional in a couple different ways. Turned out I rolled the dice the right way because I couldn't. And only discovered this after many months because I was on crutches at the time and couldn't do anything about the sofa sitting in my garage.
The buying up of precious housing as investments by non-residents should mostly be banned, starting with institutional and overseas investors.
AirBnb should also be banned. And the people who profited off that startup, who must've known they were creating illegal hotels and destroying rental markets, should be hit with devastating fines, maybe also imprisoned.
What's the issue with them buying houses as investments, as long as they're being rented out? If that's the case, their net effect on the housing supply is zero.
>maybe also imprisoned.
I find it extremely disturbing that people are effectively demanding for bill of attainders for jail sentences for what are basically zoning violations.
Because it prevents people from owning and now have to be permanent renters because of somebody's greedy rent seeking behavior.
Are you trying to buy 2M+ houses?
Our cost to close was under $100k with a 20% down payment, but still substantial. And yes, we were first time homebuyers. Obviously we did not buy anything approaching 2M.
With closing costs of $10k-15k, 100k doesn't even break a half million at 20% down. That's (sadly) not even table stakes in e.g. most parts of Boston.
Someone with good credit and currently renting would be nuts to "wait and save" for even 1 year because the total cost of PMI was like 6mo of our rent and accounting for paying it off over time with inflation it's probably even less than that in real dollars.
Maybe we got lucky with PMI but googling a bit it doesn't seem that out of line with the calculators.
There's no bill of attainder involved when you break a law that existed before you were even born.
There are whole highly developed countries (higher than US for example in terms of personal freedom, ie Switzerland) who simply don't have home ownership as something usual and folks focus on actual quality aspects of living. Populations are consistently among the happiest (and healthiest) in the world.
Correlation != causation but maybe not joining property rat race (which was always the case, just tools were few and apart for most) has some significant benefits. And if its just about safe investing then we moved topic completely elsewhere, back to good ol' universal greed.
Neither of them has any (significant) rent control, definitely abolute 0 for young and able, and people have rental agreements which run easily decade(s).
Ie in France its the opposite - owners are properly scared of long term rentals, since rentees can trivially just stop paying and it will take you 6+ month of courts to have an attempt on evicion. They can trash the place and no real recourse. Not empty threat neither, everybody knows such a case personally. Thus everybody -> airbnbs. Blame the system if you grok the situation, french one is one of the worst in the west.
The cost of houses in my area went up $100k less than 2 years after I bought my house. The cost of food where I doubled in less than 20 years. Rent went up $1000.
Sorry that people wanting "affordable housing" is an insult to you. I'm sure when the Neo-Maoists promise to massacre landlords, the masses of rentcells out there are surely going to take your sob story seriously and choose to live in good American style "practically slavery" and choose not to join them. Surely they think your comment comes across as empathetic and understanding, not callous and dismissive.
This would do next to nothing. The landlords buying up real estate are mom-and-pops with fewer than 10 properties. Which makes sense, because residential property is a pretty decent passive income that's only accessible to people with wealth but are not a good asset for large institutions.
Otherwise banks wouldn't sell foreclosed homes at a discount, they'd hold onto them if it was more profitable.
(1) https://www.housingwire.com/articles/no-wall-street-investor...
That might be true, but there are lots of companies that own more than 1000 homes. 1-3 should be the limit.
But it's pretty clear that the big time owners like institutional investors/REITs/etc own less than 2% of all units.
It’s the get-rich-quick types who decided to be professional Airbnb landlords. Short term leases make no sense at all to anyone actual invested in rental properties, without something like Airbnb to back it. A long term tenant who pays on time should be the dream of every landlord, but with all the Airbnbs, it’s not even considered.
I don’t know if this is the fault of the early investors, but I’m all for pulling the rug out from under the the people who own dozens of properties for the sole purpose of doing Airbnb. They are likely extremely leveraged, due to the low interest rates from years past, so they’d be screwed and be forced to sell fast.
I agree on the international investors as well. Priority should always go to people who will actual live in a place. All those multi-million dollar places in NYC that sit vacant are a horrible. What’s the point of housing if no one is there to live in it.
This realization has convinced me that it’s not a supply problem. I go on Zillow and there’s HUNDREDS of affordable condos and single family homes and 2 flats on offer. I can buy many of them cash. But they are in the ghetto. And ghettos are not some sort of act of god or timey-wimey opopsie-dasie. They are deliberate creations of a society.
Similarly, I look on Zillow at houses in second-tier cities an hour or two drive and everything is reasonable. My partner and I work in person five days a week, and yet millennials and Gen Zers working remotely except for once a month have no legitimate reason to be in high COLA markets except for their love of marg towers.
It’s not a supply problem. It’s an “I’m a racist white person and I’m okay with the carceral industrial complex” problem.
All the crime I see in these areas that frankly makes living in them a threat to my female partner’s survival is due to 60+ years of stupid welfare policy and 50+ years of the War on Drugs removing fathers from homes and incentivizing criminal culture.
In furniture, you definitely get what you pay for...or not. I've found anything <$300 is going to be nothing but fake materials like manufactured woods (if not even just veneer covered cardboard) and horrible cushion/fabric.
Anything decent doesn't really start until ~$1k, and anything in the $3k range you mentioned starts to become heirloom quality. As with anything, these are YMMV, but serves as a fast basis for my experience
You have to know enough to know who is actually building the good stuff, and who is building good-looking marketing.
The sofa I got had one in-store that was cut in half at all levels, so the construction and materials could all be seen. Any company doing that is probably going to be pretty solid, and if not, it should be obvious.
should but yet online sales of furniture is not a small market
Unfortunately some very comfortable furniture turns out to not be long lasting, as I discovered, even when moderately pricey. Steel frame sofas can bend and break under repeated use because the steel is so thin - if you can bend it by hand, it will fail eventually.
Durability of furniture is harder to measure even if you try it out.
Edit: re-reading almost reads if I'm still at my parent's house couch surfing. I'm not a zillenial. I'm in my place with that furniture from back then.
You can see that from the number of "small brand" insta-entrepreneurs. People will readily shell $80 for the latest trendy item they saw in a sponsored insta-ad, believing they're buying a branded product. In reality, it's the same $20-$30 item sold on TEMU, with a brand name slapped on it.
The problem here is, that expensive doesn't mean quality.
Buying a cheap ikea piece and replacing it in a few years might still be a better choice than overpaying for an expensive piece, that's the same quality as ikea, but with a different tag on it (both 'brand tag' and 'price tag').
Sure, if you move them around a lot or leave them in the sun they will degrade, but just using them as normal they seem to last way longer than you’d think.
A photo fell off the wall and put a rather large hole in a Lack coffee table one time. We were pretty amazed that the photo frame won. It was a $25 table. I could buy many for the price of something nice.
Having small kids around, and seeing how they play, learn to use a fork, etc, I feel like we made the right choice buying cheaper. Plus what kid doesn't want to play at the table mom and dad let them sticker bomb?
The particleboard connections aren't very sturdy.
Also the assembly for ikea stuff is usually perfect.. everything aligns to the last millimeter... which again, I can't say for much more expensive furniture pieces.
And most people can't differentiate between quality (nor should we expect them to!).
"Proper" furniture stores you find in malls and outlets are generally high margin crap. There's lots of soft scams out there.
There's a reason many people go back towards antiques and similar.
It's a few extra dollars and will make the pieces survive a move and just generally feel sturdier. It's not a replacement for "good" furniture but will make the cheap stuff much better.
What? How?
I’ve moved a lot in the last 15 years and always defaulting to ikea for convenience. “Fits together well” isn’t what I’d use to describe their furniture.
Probably because the ikea stuff you bought tend to be particleboard and the "expensive furniture pieces" are solid wood. Solid wood tend to wrap/deform more due to moisture than particleboard, which means even if they're drilled with millimeter precision at the factory they end up not aligning when it reaches your house. From personal experience the solid wood furniture I got ikea were definitely not aligned "to the last millimeter".
Their expensive furniture is good mid-range stuff, the cheap stuff is cheap.
Such as Dwell.co.uk, coincidentally, completely unrelated afaict to OP. They make veneer-grade non-flat-pack furniture (and upholstered stuff) at a mid-high Ikea price. Made similar I think, or any number (including local showrooms) of suppliers of either drop shipped or wholesale manufactured oak+paint-grade, it seems quite common/popular. I have a couple of items from cotswoldco.com for example that have absolutely matching (but differently named) pieces available from an unrelated local independent shop, that I might otherwise assume had a small manufacturing operation too.
Not long ago you could be a good brand an rely on it being good. Now most of them are just charging for the brand and not providing higher quality.
I am in the UK, I have also inherited Sri Lankan furniture from my parents and grandparents and I have lived there as well. The decline in quality is the same in both those countries. I guess it is global.
It wasn't cheap. I believe the coffee table was close to $1,000.
During these 10 years I haven't sat on any sofa, be in office lobbies, hotels, showrooms, friends' home that made me feel like it could be a significant upgrade upon my 400 USD sofa.
Sure that might not be usual, and I actually wouldn't recommend any other Ikea sofa in general (many were crappy when we were choosing ours). But price and marketting ("made in XXXX") is still only one factor in the wether the product will be any good.