(Closed) Bought a house for mom…vent posting

posted 4 months ago in Home
Post # 32
Member
57 posts
Worker bee

You’re an amazing daughter and sister to do this for them!

My bet is that the break-ins are due to the long vacancy and will taper off once word spreads that it’s occupied.

Regarding the gentrification haters, well the reality is that she bought a second property in a lower priced area – who wouldn’t hope that, long term, the home will retain or increase in value?  That’s the reality of real estate, I’m afraid – no one who buys a home hopes to LOSE money in the long run lol.  She owns it, so while it wasn’t bought as an investment, it was smart to choose an up and coming location.

For dogs, I’ve found shepherds (and shepherd mixes) to be amazingly protective, intimidating to others, loving and loyal.  With proper training, a shepherd should be very easy for your mom to interact with.  But with dogs come vet bills and other expenses that may be hard for her to cover.

Post # 34
Member
272 posts
Helper bee

KKJohnson :  The fact that you felt like you had to explain yourself is ridiculous. You don’t owe anyone anything. Some of the bees are really reaching here. So many things I want to say but I don’t want your thread to get closed.

I hope once people see there are actual people living in the house the break ins will stop. Hopefully all of the cameras and the alarm system gives you and your family peace of mind. No one should have to feel terrified in their own home. 

Post # 35
Member
11140 posts
Sugar Beekeeper
  • Wedding: City, State

KKJohnson :  

Bee, I salute you for going to such lengths to take care of your mom and sister.  This is truly commendable. And what a sweet and wonderful husband you must have.

I do hope gentrification makes its way to mom’s street to pull values up and make it a nicer, safe place to live.

You have done a very lovely thing, Bee.  I know nothing of your finances, but, buying the house for cash, throwing down another $20K for renos, alarm, and miscellaneous would be hella stretch for most of us.

I would not suggest a dog.  I do think you’re probably right about the property having been vacant so long made it popular with the demimonde.  That will settle down; they usually have a pretty impressive grapevine.

You may want to consider Ring, cameras, and motion detectors for a little added security.

I wish the very best to you and your family, Bee.

Post # 36
Member
813 posts
Busy bee

KKJohnson :  Good for you for doing something nice for your mom and sister 💕💖💞

Post # 37
Member
11140 posts
Sugar Beekeeper
  • Wedding: City, State

ashleyroo :  

Allow me to educate you.

Gentrification does not include kicking poor people out.  Buyers pick up vacant homes, or buy them from sellers who want to get the fuck out.  Often, they were owned by seniors who passed and purchased from out of the area heirs who want to ditch them to be free of carrying costs and liabilities.

Foreclosures deep in our inner cities do not happen. The banks don’t want the properties back.  They can’t sell them.  Banks are extremely risk averse.  They hate having liabilities.  Owning crack houses is 100% liability.  They have to pay carrying costs on every single property they own—taxes and insurance.

What ultimately happens is that the city or county ends up taking the properties for unpaid back taxes.  That’s how once beautiful homes on large lots in Detroit get sold by the city for $200.  Municipalities are not in the real estate business either.

If the planets align just right, some flush with cash young professionals (we used to call them yuppies) come along and start snapping up the properties, rehab them, move in, and pull up everyone’s property values.  That creates equity (aka money) for the poor people you care so much about.  The neighborhood gets safer and the schools get better.

Oh, what a nightmare.

This is how gentrification works on earth, which you might know had you bothered to do a little research, or spent 13 years buying and selling real property.

Post # 38
Member
259 posts
Helper bee
  • Wedding: June 2015

I guess ashleyroo prefers for these neighborhoods to stay crime ridden!  As long as it’s not in her neighborhood, amirite?

Good for you KKJohnson that you are able and willing to help your family out like that. And gasp! to want a safe place where people don’t get burglarized and/or killed. 

Post # 39
Member
12527 posts
Honey Beekeeper

sassy411 :  Thank you for saving me the time to write this exact post. 

KKJohnson :  OP, what you are doing is admirable. I hope that one day in the far future it does prove to be a great investment financially, and that the neighborhood can stay diverse but benefit in the process. Win:win. 

Post # 42
Member
813 posts
Busy bee

KKJohnson :  Wait, didn’t Sassy411 defend you and applaud you in her comment?? Did I miss something??

Post # 43
Member
813 posts
Busy bee

KKJohnson :  The majority of comments were commending you for doing such a nice thing for your mom and sister…

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