And dare I say it would be a good thing, just like when Sears Catalog sold decent quality houses too.
I still have yet to buy a house, and it isn't because I haven't tried. Here's some of the major issues I encountered with buying a house.
1) Dangerous hidden problems with the house
I once visited a house advertised for $120,000. It was old but fixable. 3 days after I visited, the clogged oil burner and tank blew up and burned the whole house down.
2) High property taxes
On Long Island NY or in New Jersey, property tax bills of $800-1000 per month are the norm, regardless of house quality or school district.
3) High housing prices, period
Everyone can bet on a house with the banks money, so in a seller's market, buyers have worse odds of winning the right house
4) More technical expertise requied
K factor on a boiler. 5/2 ARM loans. Denim insulation. 110v fuse boxes. Forced air. Closing costs. Tenant's rights. Setback codes.
All of these technical terms are just some of the things that will pop up whenever a homeowner wants to do something to their house to save a little money, like taking in tenants or upgrading to more efficient appliances or adding storage to their house via a shed.
Basically, when something goes wrong in a house, you're on the hook.
If Amazon can fix most of these problems for a cheap and easy price, then sign me up.
1 comment
[ 4.4 ms ] story [ 8.0 ms ] threadI still have yet to buy a house, and it isn't because I haven't tried. Here's some of the major issues I encountered with buying a house.
1) Dangerous hidden problems with the house
I once visited a house advertised for $120,000. It was old but fixable. 3 days after I visited, the clogged oil burner and tank blew up and burned the whole house down.
2) High property taxes
On Long Island NY or in New Jersey, property tax bills of $800-1000 per month are the norm, regardless of house quality or school district.
3) High housing prices, period
Everyone can bet on a house with the banks money, so in a seller's market, buyers have worse odds of winning the right house
4) More technical expertise requied
K factor on a boiler. 5/2 ARM loans. Denim insulation. 110v fuse boxes. Forced air. Closing costs. Tenant's rights. Setback codes.
All of these technical terms are just some of the things that will pop up whenever a homeowner wants to do something to their house to save a little money, like taking in tenants or upgrading to more efficient appliances or adding storage to their house via a shed.
Basically, when something goes wrong in a house, you're on the hook.
If Amazon can fix most of these problems for a cheap and easy price, then sign me up.