The "what the farg is wrong with this world" thread

[Geowhizzer]

angry motorist brought a baseball bat to confront some squeegee kids, got shot dead.

https://www.thebaltimorebanner.com/community/criminal-justice/man-shot-after-confrontation-with-squeegee-worker-near-inner-harbor-witnesses-say-7OQLSQAMPBAVZIUFQFG4B3XRM4/

Kid needs to turn himself in and say nothing but "lawyer."

Florida's Stand Your Ground law would cover that.  As long, of course, the kid was the correct race...

[PhillyPhreak54]

Texas too.

But wrong color unfortunately and sadly.

[Geowhizzer]

So, Jeff Bezos wants a yacht built:
- That would require the dismantling of a nearly century-old bridge to sail it out of port;
- Has sails so large it is unsafe to land a helicopter on it, and therefore...
- Needs a second "support yacht" that would house the helipad.



https://twitter.com/wealth/status/1545420689175347200

[PhillyPhreak54]

Ridiculous.

[Geowhizzer]

I got to catch up with my niece a bit today at a family event.  The conversation turned to housing in Naples.

The poor girl and her boyfriend are paying $2400 for a two-bedroom apartment.  That's $800 more than my wife and I pay for our house, which includes the money we took out to pay for needed upgrades and fixing of things.

Similar houses to mine are currently listing for $400K+.  I am in no way living in a $400K house. Hell, we paid $120K to build it almost 25 years ago.  The market down here is ridiculous... and mostly due to investors.

It's somewhat similar to 2008, when the market crashed for about five years.  A reckoning will be coming, because this level of pricing can't be sustained.

[PhillyPhreak54]

No doubt.

The bubble is going to pop soon. The investor and companies buying homes has driven values up. Along with the ridiculous prices for materials - which I see on a daily basis. Some of our items have tripled in price the last couple of years.

I'm waiting until the market corrects to build. I'm not paying $200k more for a place just because of how ridiculous the prices are now.

[Diomedes]

We've got a real problem brewing with housing stock being gobbled up by investors, who's only interest is profit.  Housing is like medicine; marrying it to profit is going to hurt a lot of people fundamentally.

[General_Failure]

There isn't a bubble this time. They're buying up houses at inflated prices for the sole purpose of renting them out.

[Rome]

Not a bubble.  36 years in this business and I've never seen anything remotely close to this. 

A solid 30-35 percent of sales are institutional buyers (Opendoor, Offerpad, etc.) and they're buying anything in sight and paying top dollar too.

But that's not it here.  We have lots of buyers moving here from out of state (northeast and California mostly).  They're selling there and paying a third of the price here and pocketing the cash for retirement.  It's hilarious what they're paying here for utter trash.

I get at least a half dozen calls/emails/texts a day looking to buy my place.  I just say give me a million in cash and it's yours.  It's a joke (my place is probably worth half a million right now) but if someone says yes, I'm all the way out of here. 

[General_Failure]

https://twitter.com/sonicmega/status/1549651495997476864

[Diomedes]

teh Internet is like nine sites as far as I'm concerned and is number 1

I'm doing great

[PhillyPhreak54]

Once again we, as the richest nation in the world, cannot provide clean water to people.

What a sick situation.

https://twitter.com/ashtonpittman/status/1564431286474792962 21&t=T6KOu0ALpSs3xf1Q21yP-A

[Geowhizzer]

Brett Favre, corrupt politicians and stealing from the poor.

This is something.

https://twitter.com/ayewolfe/status/1569769622848643078

[Geowhizzer]

Apparently, the military of Burkina Faso has overthrown the... military government of Burkina Faso.

[Diomedes]

Dystopian America > Dystopian Burkina Faso