Houses Being Turned Into Corporations

wallyj84

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rbkwp

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A Startup Is Turning Houses Into Corporations, And The Neighbors Are Fighting Back

This company is buying homes and turning them into LLCs that you can buy shares of that allow you to spend time at said property.

Time shares are back, baby!

What do you think of this business model? Would you buy into this kind of property? Is this another sign that the housing situation in America is beyond repair?

bound to happen here,eventyally
but likely to fail miserably
kiwus tend to like/strve for individual blocks ot kand for housng
we do have a/the housing vshortage btw
primarily caused by successve govts letting wealthy overseas folk come in,and buyup houses,driving prices out of reach of ordinary kiwis,grrrrr
am sorry for our younger generations
 

seventiesdemon

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I've never believed that you receive something for nothing.
Yet, it's always amazed me that multi billionaires never start off a bank. Deposit a billion in a first home buyers fund. Where depositors on a minimum place $100 per fortnight, a week, a month.

Then in ten years, from 18, just say at the age of 25-30, they accrue their deposits, plus the interest, also their percentage of deposit on the interest of the original 1 billion.

How many billionaires are there? The problem with all of this, is how the Earth would handle supply. Going by what is happening at the moment. Lumber in the US has increased by 300% in the last 12 months alone. Here it's been frantic for the past few months also........we have timber, but exporters are diverting to the US market for the dollars.

Trees are being felled at an unprecedented rate. Even when the Earth is suffering huge forest fires in plantation and native forests.

Government stimulus should have stayed out of the domestic market. Shortages are worldwide, worse than the bloody pandemic.
Everything was balanced, then they panicked, now, it's free for all.

Who is reaping the benefits? The middle men no one ever sees. The billionaires I mentioned earlier.

It's not going to end well, it never does. The larger the up, the bigger the down.

Been in the building game for nearly 50 years. Believe me, or not.

The largest issue the world faces.................there is no interest rate to drop, to stimulate a failing world economy. There are no more government funds to stimulate infrastructure projects.
 
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seventiesdemon

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Billionaires will have no where to hide for their greed. They won't be able to hide in space, because that's where they are all struggling to get to. Have you noticed? Under the guise it's all for human kind. Yet in actual fact it's all a huge tax deduction, dodge....under R&D, Research and Development.

Who here can afford a ticket? Yet we are all paying with our taxes.

Wake up.

Those who are profiteering from the Earth, and all of us. They need to pay their due. Simple. it's fact.
 
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palakaorion

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Lumber in the US has increased by 300% in the last 12 months alone.
Interestingly there are other options for creating a home besides wood framing. Steel frame homes have been a thing for a while now. 3D printed homes using cement or other materials are a thing. Interesting to see whether a global lumber shortage will drive homebuilders to these and other possibilities.
 

seventiesdemon

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Interestingly there are other options for creating a home besides wood framing. Steel frame homes have been a thing for a while now. 3D printed homes using cement or other materials are a thing. Interesting to see whether a global lumber shortage will drive homebuilders to these and other possibilities.

Steel frame homes have been in Aus for close to 60 years or so. I've just looked into them again, to see if they could be a probable substitute on an upcoming job of mine. The lead time on steel trusses is getting up to 6 months. And we are the land of iron ore :) Plus they have their downsides, and upsides. One downside is on site, they are not friendly if changes need to be made.

I've been following 3d printing for a bit. Unless you work in the building industry, you will miss all the edited out stuff they don't wish you to see in the promotional videos. When I look at stuff like this I place a sheet of paper on the desk with 2 columns.

PROS...............&.............CONS. Lets just say, if I thought it was a winner, I'd be investing in it myself. There are so many pitfalls to having a high tech piece of equipment on a building site, for it to be moved on and off sites, re calibrated, re leveled, cleaned, washed, maintained, breakdowns........ etc, etc, etc....that is just scratching the surface. All sites vary in difficulty of access. You still need a concrete slab, or timber floor, a roof....all other trades, fixtures and fittings. The pros list was very short :)