3 ms·

Have you ever bought a house? I have. I do not want to go through that process every time I move. Plus, while I have purchased a house before, it ended up being

by 0xffff2 11y ago

Have you ever bought a house? I have. I do not want to go through that process every time I move. Plus, while I have purchased a house before, it ended up being foreclosed on and I certainly couldn't get a mortgage now (and I shouldn't... I can't afford a mortgage). I would be pretty SOL if owning a house was a prerequisite for not being homeless. How is commercial property treated? What prevents a company building a huge apartment building, "selling" it to an apartment manager (in the form of a very expensive mortgage) and then having the apartment manager rent out "rooms" in his very large "house" to cover his mortgage? In short, the longer I think about the idea, the less practical it becomes.

brk 11y ago
I've bought a few houses, the process has generally been simple and painless (other than the physical moving of stuff part, which is the same for own vs. rent). My last few vehicles purchases have involved significantly more paperwork and signatures than my most recent property purchases. What is it about the process that you've had issues with?
- 0xffff2 11y ago
  Our experiences differ vastly. Granted I've only bought one house and it was 8 years ago. Maybe things have gotten better in the intervening years? My experience buying cars has involved signing maybe a dozen pages, while my experience buying a house involved signing form after form after form (most of which I didn't really know the purpose of) for literally hours. I'm certain I spent more time just signing paperwork to buy my house than I've ever spent on the entire car buying process from the time I walked into the sales guy's office after the test drive to the time I drove off the lot.
pfooti 11y ago
I have bought a house. I think one reason it's so painful is that it is a relatively rare occurrence which usually represents a huge transfer of wealth. If, on the other hand, home sales were more common and (presumably) for less money per transaction, you could imagine that this process would be simpler. I'm not super-interested in debating the implementational details of what's obviously a thought experiment - mostly what I'm interested in getting input on is: would home prices go down? would monthly mortgage rates go above or below current rental rates? would there be more or less pressure to build new units?
DrScump 11y ago
[What prevents a company building a huge apartment building, "selling" it to an apartment manager (in the form of a very expensive mortgage) and then having the apartment manager rent out "rooms" in his very large "house" to cover his mortgage?] The law. (Zoning)

by 0xffff2 11y ago

brk 11y ago

I've bought a few houses, the process has generally been simple and painless (other than the physical moving of stuff part, which is the same for own vs. rent). My last few vehicles purchases have involved significantly more paperwork and signatures than my most recent property purchases. What is it about the process that you've had issues with?

0xffff2 11y ago
Our experiences differ vastly. Granted I've only bought one house and it was 8 years ago. Maybe things have gotten better in the intervening years? My experience buying cars has involved signing maybe a dozen pages, while my experience buying a house involved signing form after form after form (most of which I didn't really know the purpose of) for literally hours. I'm certain I spent more time just signing paperwork to buy my house than I've ever spent on the entire car buying process from the time I walked into the sales guy's office after the test drive to the time I drove off the lot.

pfooti 11y ago

I have bought a house. I think one reason it's so painful is that it is a relatively rare occurrence which usually represents a huge transfer of wealth. If, on the other hand, home sales were more common and (presumably) for less money per transaction, you could imagine that this process would be simpler. I'm not super-interested in debating the implementational details of what's obviously a thought experiment - mostly what I'm interested in getting input on is: would home prices go down? would monthly mortgage rates go above or below current rental rates? would there be more or less pressure to build new units?

DrScump 11y ago

[What prevents a company building a huge apartment building, "selling" it to an apartment manager (in the form of a very expensive mortgage) and then having the apartment manager rent out "rooms" in his very large "house" to cover his mortgage?] The law. (Zoning)