fishythepete
fishythepete t1_je7ecnq wrote
Reply to comment by Wide_Television_7074 in Would you buy a house in RI right now? Why or why not? by TransitionSea9480
But for the disruption of the pandemic, you’d have been lucky to break even. Average price in the national housing market doesn’t fall often. When it starts to fall for the first time in 10+ years, that’s probably not the time to buy.
fishythepete t1_je6wkum wrote
Reply to comment by AttackonRetail in Would you buy a house in RI right now? Why or why not? by TransitionSea9480
Are you under the impression that RI is some unique real estate microcosm that would insulate it from the national average?
National average data is absolutely relevant to RI.
fishythepete t1_je67xpj wrote
Reply to comment by degggendorf in Breeze Airways opens base of operations in Rhode Island by therealDrA
>they have a direct flight when PVD doesn't
This is pretty much going to be the case for most flights to a non-hub city. It’s 7-10 hours to get to Dallas from PVD. It’s 6 going from Logan which makes a day trip possible. You also don’t blow a day of travel if you have an issue with a connection - if your outbound flight is cancelled you have a more productive day and at least will be able to call into a meeting.
fishythepete t1_je61rtp wrote
Reply to comment by BingBong022 in Would you buy a house in RI right now? Why or why not? by TransitionSea9480
>False inventory is down because nobody is selling
it looks better than it did this time last year relative to demand.
Bolded it for you to help you figure out what you missed. Inventory changes don’t happen in a vacuum. They happen against a backdrop of changes like rising interest rates and economic concerns.
>the prices of all my properties have increased from last year
Congrats, you had the good luck to live close to a few major markets and not bumfuck Indiana. The median existing-home sales price was down 0.2% to $363,000 in February compared to a year ago. This is the first drop that has happened in 11 years. If you think it is an isolated event, you might want to chart some NAR data, because you clearly can’t see which way the wind is blowing.
fishythepete t1_je4piln wrote
Reply to comment by AttackonRetail in Would you buy a house in RI right now? Why or why not? by TransitionSea9480
Based on slowing sales, it looks better than it did this time last year relative to demand.
fishythepete t1_je3u1b9 wrote
Reply to comment by BingBong022 in Would you buy a house in RI right now? Why or why not? by TransitionSea9480
So sales are down 20% from this time last year, so mark that down on the demand side.
Consider that the jump in interest rates over the last 9 months means that your mortgage and interest expense (ie the bulk of your mortgage payment) has almost doubled for homes priced the same. I.e. buying a $400,000 home today costs you about 80% more than it did a year ago. And home prices haven’t stayed flat either. The cost to own a given home is > 2.5-3X today what it was 3 years ago. But hey maybe demand is unlimited no matter the cost.
Simple though right 🙄
fishythepete t1_je3iib2 wrote
Reply to comment by UltravioletClearance in Would you buy a house in RI right now? Why or why not? by TransitionSea9480
Please tell me more about how rising interest rates and a looming recession is going to drive sales prices further upwards, oh wise one. My only frame of reference is the housing market following 2008 financial crisis, and the accidental rental properties I picked up back then. Clearly since you’re calling me a “sweet summer child” you have some vast and valuable experience you’d like to share?
fishythepete t1_je2qdxw wrote
Reply to comment by Loveroffinerthings in Would you buy a house in RI right now? Why or why not? by TransitionSea9480
Hey maybe buying at the absolute top of the market is their way of setting the high score!
fishythepete t1_je2kmiv wrote
Reply to comment by Proof-Variation7005 in Reviving Rhode Island's Sporting Legacy: A New Era With Rhode Island FC by 101955Bennu
Probably very successful for whoever is running the league.
fishythepete t1_je220uz wrote
Reply to comment by PigpenMcKernan in Pre-employment drug screening - RI MMJ Patients by FM_Windbag
A state law wouldn’t matter here anyway - OPs issue is because of a federal requirement, and the state attempting to prosecute someone for violating federal law would go poorly.
fishythepete t1_je21ec8 wrote
Reply to comment by 401jamin in Pre-employment drug screening - RI MMJ Patients by FM_Windbag
Who’s your monkey piss guy 🙈 ?
fishythepete t1_je1nnx7 wrote
Reply to comment by redd-this in Parking at Pawtucket/Central Falls train station by boulevardofdef
Lol went for the first time in a while a few weeks ago and was wondering if I should give this a shot but as always was running late and went for the sure thing.
fishythepete t1_jdxw4v8 wrote
I have to imagine that the changes we’ve seen over the last 3 years are probably going to have some long term impact on commuting patterns, maybe we should reevaluate first?
fishythepete t1_jdxnrb7 wrote
Reply to comment by SweatyCockroach8212 in Rep. Boylan introduces bill requiring solar on new construction by GhostOpera406
>Except for the part where you don't get paid to go solar. I don't get paid. You pay for panels, you get electricity.
What a silly argument. It’s like saying I don’t get paid for work. My employer puts money in the bank, and I get to use it.
I bought my system outright, but if I had financed it over 6 years, I would have saved a little money every month, and then stopped paying anything for electricity after 6 years. If you are net cash flow positive with no upfront investment, you are getting paid, and that’s what solar is for most people with a decent sunroof.
>Your argument is people should be free to decide to do what they want. If they want panels, buy em. If they want lead paint, buy it. If not, don't. Same logic.
My argument is people have a strong financial incentive to do this already. Less so with heroin and lead paint.
I have seen more solar panels go up in the last 3 years than I have in my life until then, and I am middle aged. The incentives are there, and working. Given our legislators and those who will need to implement this law have limited resources, maybe those resources would be better directed at solving a problem that wasn’t already solving itself before some kind savior from Barrington decided we needed her enlightened wisdom.
fishythepete t1_jdxlf77 wrote
Reply to comment by HuggerOrangeCamaro in Hey guys, had a walking/ hiking question. by bunnybates
To add to this - unless you’re 100% sure hunting isn’t allowed where you’re going, wear orange anyway.
fishythepete t1_jdxkycx wrote
Reply to comment by SweatyCockroach8212 in Rep. Boylan introduces bill requiring solar on new construction by GhostOpera406
Uh nope. Not the same logic. There is already a pretty strong incentive to go solar - you get paid to do it. Removing lead paint and shooting heroin, not so much.
fishythepete t1_jdxjumw wrote
Reply to comment by SweatyCockroach8212 in Rep. Boylan introduces bill requiring solar on new construction by GhostOpera406
Cool story. Site isn’t suitable for solar? You’re going to need a variance. That takes time. There’s also a huge difference between the time it takes to get a single job done, and how that job impacts a construction schedule. Blew your install date because roofers didn’t start on time? It’s not gonna be two days once the roof is done. And that’s before even considering the rest of the bill. Don’t plan on buying an EV? Too bad - garage has to be wired for charging.
Again - the financial case is there. You don’t need a law. Educate consumers, and maybe solar companies could get some sales folks who aren’t total shysters.
fishythepete t1_jdvxf7z wrote
Reply to comment by HistorianOk142 in Rep. Boylan introduces bill requiring solar on new construction by GhostOpera406
No, it’s not. This is going to make homes take longer to build, and it’s going to make the purchase price higher (even if the ownership cost is neutral, the bank doesn’t care that you’re saving money on your electric bill when they’re underwriting the loan). Neither of those are good things when there is a housing crisis, or in general. If solar power is a slam dunk financially, you don’t need to pass a law to get it built. You need to educate consumers.
fishythepete t1_jdvwjli wrote
Reply to comment by ChronicCumShots in Rep. Boylan introduces bill requiring solar on new construction by GhostOpera406
Instead of believing, you can read the bill. It’s linked in the article. You’re wrong.
fishythepete t1_jdr8zkj wrote
Reply to comment by Jerkeyjoe in Ban on College Students Living Together- March 29th 5:30PM by Due-Pickle8392
If students would rather cram 4 into a 2 bedroom (or even 4 into an 4 bedroom) instead of staying in dorms, that’s hardly exploitative. If the problem is having too many people in a small space, whether they’re students or not really isn’t material.
fishythepete t1_jdr8q3r wrote
Reply to comment by Good-Expression-4433 in Ban on College Students Living Together- March 29th 5:30PM by Due-Pickle8392
You’re assuming the local voters realize they’re screwing themselves not college students with this bill.
fishythepete t1_jdnon1p wrote
Reply to comment by howsyourlife in Providence Place Mall in Flux — Another Store Closing, New Restaurant Coming, and More Changes by L0v3_1s_War
Blockbuster passed up a chance to buy Netflix. A lot of commercial real estate owners probably think now that COVID is “over”things are going to go back to “normal.” I may not have a crystal ball, but I think the odds of things ever going back to people working in downtown offices five days a week are over for good.
fishythepete t1_jdnkf2g wrote
Reply to comment by Sarcofaygo in Providence Place Mall in Flux — Another Store Closing, New Restaurant Coming, and More Changes by L0v3_1s_War
>If that was their bill the mall would close down and suddenly the yearly payment would be $0/year in taxes
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That’s not how property taxes work
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If having to pay taxes at the same rate as every other business makes the mall non-viable, maybe it’s time for a viable business to take its place.
fishythepete t1_jdmnuru wrote
Reply to Providence Place Mall in Flux — Another Store Closing, New Restaurant Coming, and More Changes by L0v3_1s_War
All I got out of this article is that the mall currently pays $500,000 / year in taxes when their bill should be $25,000,000. Makes the PILOT payments universities make look generous in comparison.
fishythepete t1_je814ap wrote
Reply to comment by [deleted] in Is the commuter line to Boston always this bad? Any other options? by [deleted]
While I think a 2 hours each way daily commute is absolutely unmanageable, once or twice a week seems like a pretty good compromise. You could probably trade some money for time and drive to Westwood to get more frequent and timely service.