>The unique transaction is the first time an ADU has been sold without an accompanying home in the stateYou can pay half a million dollars to live in a boomers back yard isnt that what you always wanted? >ultimate goal is to make this new property type “a more normal part of the housing ecosystem,” said Jia Li, the company’s chief asset management officerVery excite extreme goodhttps://www.sfgate.com/realestate/article/california-adu-condo-sale-22344143.php
>>539019409I dont get it, what exactly are you buying? Whats to stop the person who owns the propert from demanding fees in the future?
>>539019677Accessory Dwelling Unit. I.e. $500k to live in a shed.
>>539019677Nothing you pay half a mil to live on boomer land in the slave quarters.
>>539019409It could work, but the cost should be magnitudes lower and be capped.
>>539019791Yeah I get that, but we call those trailer houses and they usually sit in trailer parks adn the rent for the pad is steep, so I am asking who owns the pad?
>>539019791>Accessory Dwelling Unitthat's some chat gpt magic$500k for an accessory that makes you look unmistakably bad; bad with finance, bad at making sound decisions, and bad taste
>>539019791What the FUCK
>>539019677civilian version of a CHUContainerized Housing Unit>>https://en.wikipedia.org/wiki/Containerized_housing_unitthe world is fake and gay
>>539020190ok but what is stopping them from kicking your containment unit off their property or charging you rent?
>>539020190>living in podskek, jej even
>>539019911The homeowner owns it, but you buy an indefinite lease. The lease transfers if the property does, but I think they retain the right to purchase it back at any time at the appropriate % of property value (i.e. if the value of the house doubles, the owner would have to pay you $1M for the $500k lease)
>>539020308nothing. welcome to the party dogfuckerthe end is nigh
>>539019409Schizo thread.
>>539019791Location x3 you stupid fucking nigger
This is the address, you can see the cuck shed under construction in the back through the driveway and fence. This is where Californians are dropping a half a million dollars to live.
https://www.zillow.com/homedetails/410-Josefa-St-2-San-Jose-CA-95126/2055065914_zpid/half a mirrion dorrar prease
>>539019409
>>539019409You can pay half a million dollars to live in a boomers back yard isnt that what you always wanted? Well you yanks don't like SOCIALISM so this is what happens when the CAPITALIST BUY ALL THE HOMES AND LAND TO RENT OUT TO ITS NEXT GENERATION OF YOUNG ADULTS..If YOU had SOCIAL programs were you can only buy 2 homes, so it gives everyone else a chance to buy one then the future children would be able to afford a new home..NOPE,,you let GREEDY PEOPLE buy all the land and homes to make the next generations ALL DEBT SLAVE RENTERS..Its not just about buying homes and land its about greedy stock market betters making minerals go up as well that makes homes go up BUT this is CAPITALISM for you..I BUY IT ALL UP THEN MAKE EVERYONE RENTERS = DEBT SLAVES..
>>539020800>i.e. if the value of the house doubles, the owner would have to pay you $1M for the $500k leaseIf the housing price crashes does that mean owner can purchase it back at a discount?Sounds like selling a call option on your property
>>539019409We need to pack 500 million Indians into the continent somehow.
>>539021488The bilderberg rothschild epstein class choose Indians because they are nerds and good corporate slaves but also vegetarians which is better for the environment
>>539019892You just know the boomer landlords will one day try to evict you from your own property.
>>539019791They're called garden suites, not that soulless nonsense
>>539021060>critical mass of blacks, darkies, and lunch time rowdies move inThere Goes the Location x3! cuckshed nigger
>>539021338>CAPITALIST BUY ALL THE HOMES AND LAND TO RENT OUTThe much bigger issue that we favor single-family detached homes here, but new homes aren't being built quickly enough. This is because all of our mom and pop builders got wiped out after Wall St. did their little fucky wucky with the mortgages a few years back.So now it's just a few behemoth builders that buy huge tracts of land and sit on them, shitting out houses at whichever rate optimizes the local supply/demand curve for their own profit. This also means they can get away with only building mcmansions, pricing most people out of the market.
>>539021338Capitalists wouldn't be able to buy up all the homes on the market and squeeze the values of their investments up if you didn't have a bunch of corrupt tankie faggots in state govt and city councils adding ever more and more stringent engineering and environmental standards and restrictions hiking the base cost of developing a plot of land. When it costs $250k just to prep the lot and get utilities hooked up in accordance with environmental regs it shouldn't be a surprise that a finished home of any size at all costs $400k minimum. When new construction of any size costs $400k what the fuck do you think is going to happen to the valuation of existing plots and structures?Kill the bourgeois tankie larpers and suddenly capitalism somehow stops being a problem.
>>539019791u will live in the goyhut
>>539021087That's next to a highway. That'll be loud too
>>539019791jews and boomers must be stopped. btw I love alex karp and palantir and israel
>>539024848This would trigger an air advisory anywhere else in the country.
>>539021488Sexual Emergency Saar
>>539021455No it works one way you colossal fucking retard.
>>539019409They're trying to do the same thing where I used to live, but they're asking the communities opinion on it first. Considering how its just boomers who own homes and will try to suck all the money up before they die, I figure it will pass.
Boomers are trying to become pure kike before they finally die
>Bay Area real estate developer AlphaX RE Capital completed the ADU and hopes to put two more of these types of homes on the market in the fall. The company has plans to build hundreds more in the future, appealing to Bay Area homeowners who want to convert a portion of their land, as well as build the homes on land they already own.Stunning and Brave - just like their team. https://www.alphax-capital.com/teamsJK it's just more Chinese money laundering.
what's the matter? trump said house prices must go up forever and that's a good thingyou voted for it
>>539019409530 doesnt seem too bad desu
>>539021060sorry about your $500k bro
>>539028842It's even worse than a condo. Close to buying a trailer in a trailer park because you don't own even a percent of the land.
>>539019409Commies want everyone to live in 10 sq foot cells
>>539019911Those don't exist in sf.Too expensive. Pony up 500k for the privilege, douchebag
>>539021808I'm pretty sure it's because pedofilia. And not the attraction to youth, the genuine attraction to prepubescent babies, is hindu culture.
This can’t be true. My neighbor bought a carriage house parcel from my other neighbor’s property last year.
>>539019409The 'merican Dreem
