Recent comments in /f/RhodeIsland

StunningConfusion t1_je5b8rs wrote

I would like to but the houses are getting bought really cheap and getting flipped with shit box store materials and resold for 1.5 times the original price or they don’t even get fixed up and just get put back on the market 91 days later. I’m so sick of it.

Yes, I know it’s “the game” but wtf. The prices are getting out of hand and the average person can barely afford these houses and have decent DTI ratios.

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mightynifty_2 t1_je5aqlu wrote

Banning nips is not the solution here. If you do, most of these kinds of people will simply get the next size up. People will just be more drunk and throwing bigger bottles on the ground. People litter all kinds of things, I don't know why nips in particular get so much attention. Littering is the real problem and banning nips won't solve it. And I say this as someone who's bought maybe one or two in my entire life for stocking stuffers.

Oh, and to avoid being misconstrued: fuck the people who litter. Just carry it to a trash can you pieces of shit.

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mightynifty_2 t1_je5a34j wrote

They have their purpose. Nips can make for fun little gifts, be put into piñatas, be snuck into the movies or other places that overcharge for alcohol, and more. Banning something instead of fixing it is rarely a good idea. Not to mention how many people will simply go to the next size up if nips are banned, meaning more alcohol use.

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totoop t1_je58bk9 wrote

I grew up in MA but have lived in RI for 10+ years now. My experience is that really, they are pretty much the same thing. MA is generally more expensive (tax and real estate wise) but there is always exceptions. Schools in MA are generally better but again; there's plenty of exceptions.

Depending on where you are the "regions" throughout MA all feel different and have much different access to amenities; Boston proper, Boston suburb sprawl, Northshore MA, Southcoast MA, Southeast MA, Central MA, Western MA so depending on "where" exactly you're looking - it can vary pretty wildly.

RI has that same regionality differences as MA BUT being such a tiny state those regional differences become super compressed. So the difference in culture, household income, school system, local amenities that you might have between Northshore MA and say Southeast MA (separated by like a 2.5-3 hour drive) exist in RI but are pretty much separated by a 45 min - 1 hour drive.

Really it just depends on the price point you have, the type of town you want to live in, and the distance to travel to work in Providence you are comfortable with. If you want to be, for example, within an hour drive to Providence - that covers nearly the entire state of RI so your living options run the entire spectrum whereas that will really only hit the southcoast/southeast MA regions and encroach on the southern boston suburbs towns.

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pweedith t1_je57g4r wrote

Don't expect prices to really come down much if at all. Interest rates may be up but it comes down to supply and demand. Home construction has been outpaced by population growth for over a decade. This lack of supply is what will keep the housing prices stable right now. And waiting for interest rates to come down just means home prices will go up again. The best thing is to find a monthly payment you can afford and hope to refi in the next few years. Overtime the homes will be worth more, I bought in 2019 and thought prices were high then but it kept going up.

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SpicyMcBeard t1_je56kxv wrote

Reply to comment by Unique-Public-8594 in Moving: RI vs MA? by nines99

All true, but if they're working in PVD and living in MA they'll probably want to be looking more around seekonk or further down 195 vs Johnston or Cranston. Maybe Attleboro but I wouldn't even want that commute during high traffic times. Either way RI restaurants and hospitals would be the go-to. I feel like schools and home prices/taxes are the real issues here.

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Proof-Variation7005 t1_je552y0 wrote

>You know what I hate? Having to wait 12+ hours to be seen at RI hospital emergency room.

I'm not sure how soccer impacts that. You ever watch one of those games? Those guys break bones and tear every ligament and then heal themselves like Wolverine within 90 seconds.

I can't see them impacting the hospital capacity one way or another.

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UltravioletClearance t1_je550yc wrote

> rising interest rates

Doesn't matter. There are always buyers who aren't sensitive to interest rates - all-cash buyers, buyers with massive equity who can stomach a high interest rate on a small mortgage, and of course corporations and house flippers.

> looming recession

No one has ever successfully predicted a recession. Every historical recession came out of the blue with no warning. This is no different. The media and corporations are certainly trying to convince us we're in a recession, but we have the lowest unemployment rate in 20 years and a strong economy so no one's buying their FUD.

>drive sales prices further upwards

Three words - supply and demand. No supply, sky-high demand regardless of economic conditions or interest rates.

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MoreLab5278 t1_je54b9x wrote

6% in the history of mortgages, is pretty average. We've been living in a bubble where 0-3% was "the norm" however it was anything but.

Also.. the inflated prices, won't deflate. Infact I think they can go higher.

Less and less people are willing to sell their homes because they locked in such a low rate. As long as demand is where it is, and inventory keeps dropping.. guess where the home values go...

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