News
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
view the rest of the comments
USDA isn't gonna buy a fixer upper. they want people to have safe housing. this might mean the seller is going to need to fix the problems
for us, we liked that, but it did mean we lost our on a couple bids. which was good: we found a real jewel.
In a hot market/location this will never happen. Even with a regular loan there's a bidding war on houses with obvious issues.
i live in a hot market. i got one. it was a slog, but it happened.
edit: we were approved in november. we put in multiple offers and had to periodically get re-approved by the usda, but we had an offer accepted mid march and closed in april.
for a brief period, we kept the "apartment in the city" for a month and moved one sub-compact car worth of belongings across town every night. not really relevant, but i'm going to remember fondly the brief time that we kept an apartment in the city, because that shit is never gonna happen again for poor schlubs like us.
Yeah, sellers (flippers really) are asking 70-80k over the value of the house, and they want no-inspection, as is, and you need to bring cash to the closing to cover appraisal gap, which is usually in the 60-100k range.
We need to start taxing unoccupied single-family home at their list price. There is no incentive to sell at a reasonable price.
I haven't been in the market for nearly a decade. This seems pants-on-head crazy to me.
All I can hope for is that when the market inevitably collapses again (let's face it, this is not sustainable) all these assholes hit rock bottom and the government FINES them instead of bailing them out.
Isn't what's been happening that corporations buy them for cash they have on hand and now they're all rentals? It'd have to crash pretty hard to push those guys out I think. [pure speculation by me]
This. The inspection and repair criteria are higher than for private lending. We sold our house to someone using this program and had to fix stuff that we didn't need fixed when we bought the house. It wasn't a huge deal but it did add a week to the process to get it fixed and reinspected.
Oh ok makes sense.