And that’s the primary problem with the new triple contractor rates, House quality is going to severely decline in the next 10yrs as people try to do everything themselves because professional home repair has become grossly unaffordable.
I’ve been repairing and home owning for over 25 yrs. I make more money and can no longer easily afford home repair the last 3 yrs. As such, I shudder the think of what garbage is being done in homes with no capacity to afford the new higher rates right now. Even a box of construction screws and a can of paint is crazy expensive now.
House quality is already in the shitter. Hell, not even the shitter, its down the pipe and in the septic tank.
and its not cause home owners doing repairs.
Its cause developers spinning up an LLC, buying a plot of land, shitting out a development of 300+ homes in less than 6 months that just barely meet the barest minimum of code (and anything that doesnt typically given a slide thanks to a few greased palms), just to sell all the homes in the mad housing rush before shutting down the LLC and walking away with all the money and no liability on the terrible houses they’ve built that arent suitable for living in.
CyFy on youtube highlights the problem a lot (and how hard the builders and bribed inspectors go after him for threatening the grift).
And I have own personal experience witnessing more well off friends struggle with newly bought houses being built like shit at best, to needing 10s, to 100s of thousands of dollars in repairs less than a year after purchase at worse.
LLCs are licensed. As such, the owner(s) is on public record which means you track this on a .gov site. Some of these guys, as in a single real estate guy, will have a page or two of the LLC flips including land purchases fof $10 between their own LLCs.
zephorah@lemm.ee 3 months ago
And that’s the primary problem with the new triple contractor rates, House quality is going to severely decline in the next 10yrs as people try to do everything themselves because professional home repair has become grossly unaffordable.
I’ve been repairing and home owning for over 25 yrs. I make more money and can no longer easily afford home repair the last 3 yrs. As such, I shudder the think of what garbage is being done in homes with no capacity to afford the new higher rates right now. Even a box of construction screws and a can of paint is crazy expensive now.
A_Random_Idiot@lemmy.world 3 months ago
House quality is already in the shitter. Hell, not even the shitter, its down the pipe and in the septic tank.
and its not cause home owners doing repairs.
Its cause developers spinning up an LLC, buying a plot of land, shitting out a development of 300+ homes in less than 6 months that just barely meet the barest minimum of code (and anything that doesnt typically given a slide thanks to a few greased palms), just to sell all the homes in the mad housing rush before shutting down the LLC and walking away with all the money and no liability on the terrible houses they’ve built that arent suitable for living in.
CyFy on youtube highlights the problem a lot (and how hard the builders and bribed inspectors go after him for threatening the grift).
And I have own personal experience witnessing more well off friends struggle with newly bought houses being built like shit at best, to needing 10s, to 100s of thousands of dollars in repairs less than a year after purchase at worse.
AtariDump@lemmy.world 3 months ago
youtube.com/@cyfyhomeinspections
zephorah@lemm.ee 3 months ago
LLCs are licensed. As such, the owner(s) is on public record which means you track this on a .gov site. Some of these guys, as in a single real estate guy, will have a page or two of the LLC flips including land purchases fof $10 between their own LLCs.