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Should we be worried about the epidemic of Ai data centers and warehouses buying up residential properties?

It’s interesting that social media particularly YouTube are being loaded with videos of failed businesses, corporations, and communities. I am assuming the online retail and moneymaking opportunities seem to make business owners and corporation treating brick and mortar businesses as liability than assets they don’t give a damn anymore. A channel called stringer media likely a journalism major student has a big collection of these buy outs on video showing some even very nice homes bought out likely millions over market however if there are tenants renting they were screwed. Those who hold out may have the places built around them or just be living beside a ghost town. The channel also shows many corporations that failed likely due to the change. But should we be concerned? submitted by /u/Jcs609 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1i3clmn/should_we_be_worried_about_the_epidemic_of_ai/
Recent posts

Complaints in condo

Hello, I live in a condo on the first floor and got complaints from the neighbours who live on the ground floor right below me. The complaint was about noises made when opening/closing one drawer under the bed and walking around midnight because they have a baby and need to wake up at 3am to go to work. (Not that I have to explain why I am still awake at midnight, but for context I come back home late due to sports activities that finish at 11pm. I need to open the bed drawer to get my clothes to shower… and ofc i need to walk to get there). I assume that I also have a neighbour living above me on the 2nd floor, but I never got the issues similar to the ones on the ground floor. The condo seems pretty soundproof and I’ve been living here for nearly one year now. I feel very sorry for them but they can’t expect me to change my lifestyle right? I don’t want to bother them and their baby but I don’t know what I can do to avoid this noise problem. I would appreciate any helpful advic...

VA Loan

I am retired military and have never used my VA Loan benefits. I own a home currently (not BA financed) and am moving for a new job. I want to use the VA Loan for the house I’m buying in the new city. However, My loan officer told me I could not use my VA Loan if I am selling a house. I need the proceeds from the sale of my current home to assist with the down payment on the new home. So if what she is saying is true, I’m in quite a bind. I’d have to find a way to come up with the DP, close on the new house. THEN sell the current one. It makes no sense to me. I’ve had multiple friends tell me I’m getting bad information. Does anyone know if she is misinformed? Can I list my current house while also pursing a VA loan on a new home? submitted by /u/Greedy-Confusion-501 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1i2myg0/va_loan/

FREE SKETCH PORTRAIT OF YOUR HOME

Do you know anyone with 5,000+ followers on Instagram (or maybe it’s you)? Preferably someone residing in the UK, US, Australia, or nearby regions? Whether their house is new or not, we’d love to send them a free sketch portrait of their home! If interested, send me a DM, and I’ll reach out to you on Instagram. 🥰 submitted by /u/Engineer_Pein [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1i2lift/free_sketch_portrait_of_your_home/

Need Guidance on How Much House We Can Afford in a Expensive Area

We’re planning to move to a expensive housing town with top-tier public schools and low taxes. I’m trying to figure out how much home we can afford—not just in terms of making the payments, but considering the opportunity cost of tying up cash in real estate. Calculators don’t seem to account for our specific situation, so I’d appreciate advice. Financial Details: Cash: $2M Investments (Stocks, 401k, IRAs): $1.5M Current Home Value: $1M (owe $320K at 2.5% interest) Current Annual Income: $200K (expect dual income of $300-350K in 2-3 years when my wife returns to work) No Other Debt: Very low monthly expenses, living simply. Two young toddlers. Rental Potential of Current Home: Could net ~$2,500/month after taxes, property management, and insurance if we chose to rent this home instead of sell it. Key Factors: We’re drawn to this area primarily for its excellent public schools and low taxes. The homes command about a 30% premium to surrounding areas. I’m confident w...

Purchasing small studio in Helsinki area as a first RE investment

Hello, I have an opportunity to purchase a 30m2 studio in rural Helsinki area 15-20 min from the airport. Supermarkets/schools nearby. I've been making a good money in TradFi, but want to learn and try my way around real estate. Property is in the new (late 2023) building. 8k out of pocket, the rest (95k) is financed during construction and comes attached as a monthly repayment of 400€ for approx 18 years. Mortgage rate is about 4% and is recalculated annually, it's estimated to go down from here so financing contribution might go down. Syndic fee is 130€. The apartment is rented with long term contract, tenant is paying 485€ with average rent for similar units in the area being 500-520€ So right now I spend 8k+fees and am in the negative 45€ until rent is raised in a year or two. Even disregarding Finland specifics, would you go for an opportunity like this or it's a waste of time and money? Thanks for any advice to a newbie. submitted by /u/wintermute-89 ...

Breaking contract as a seller

Real Estate in question is a 4acre piece of wetlands, land locked on 3 sides with a creek flowing through the upper half, which is accessible by a private road. Spot is ideal for camping and fishing. If it matters, this is in Washington State The story: Seller is selling a 4 acre wetlands plot to a neighbor adjacent to their property, as is. The seller price to the neighbor was 30k. The neighbor has a major interest in the sale due to a housing structure, built without permits and ontop of the property line, over hanging sellers land by approximately 12 inches on the structural corner of the building by the buyers previous land owner. Building has no power, water, septic, or gas. Nothing in it is built to code. But the buyer wants to keep it. During negotiations buyer sent a quote to seller for removal of construction debris, claiming it to be on sellers land, insisting seller must pay for removal or charges would be filed against seller for leaving construction waste on wetlands r...

Should I back out?

Hi, I'm in GA and was looking to buy a condo. My Due Diligence End Date is 01/17/2025, and I just got my 52-page inspection report back. From what I'm looking at, there are many issues involving electricity, HVAC, plumbing, and possible mold. Estimated all that repair work is around over 10k, could be even more. Should I bail? submitted by /u/Boner_Loner_ [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1i1tk6b/should_i_back_out/

Did I just screw up?

We are scheduled to close 1/16/25. Yesterday, 1/13/25, our underwriter sent another email requesting more documents (we still don't have the clear to close). He requested a statement for my new credit card. I got it right after we applied for the mortgage, and then I read online not to do that. I have not opened anything else since. The credit card is a secure credit card with a $200 deposit. I just activated it yesterday just to show them the details on it. It has no purchases, and a $0 balance. What is the likelihood this will make us denied for the mortgage? submitted by /u/BandicootRoutine5156 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1i12qzz/did_i_just_screw_up/