Is that where we had beers? I liked that brewery.
More real estate doom and gloom
- Thread starter Toshi
- Start date
No, but it is literally across the street.
no it’s not. you could see it coming in our similar neighborhood in FL 13 years ago. when you live in the “affordable/modest” area, where things typically turn over very fast, and suddenly you see people trying to cash in and there are a bunch of houses sitting on the market for a while...if you can leave, you slightly undercut everyone else and walk with your profit with a smile.
Yup. Exactly what's happening in the teh hood right now. Anecdotally, I've noticed the trend on Zillow right now is all of the sudden houses are sitting for a month or more when they were selling in less than a week just this summer, and homes are starting to have "price drops" of at least $10,000. Just 6 months ago homes were going for 10-15g over asking. Not sure how much of this can be attributed to entering the "slow season" for real estate, or an actual turn in the market, but there has been a pretty significant turn in the last month or two.
Gas prices rising, real estate market cooling, various investment bubbles bursting -> are we up for another 2008 soon? 
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Perhaps... but in Colorado it would be fool's errand at this point, since there are very few things, economically speaking, that would point to things being at a peak. Perhaps a slowdown, maybe even small price reductions... but unless something large and unexpected happens, it's a fool's errand for sure.
That said, nothing wrong with locking in profits and hanging out to see how things go.
We are seeing something new here in our local market. The DIRT in East Jackson is becoming so valuable (1mm for 1/10-2/10's of an acre) and construction costs are so high, developers are buying up these little lots with houses on them, moving them to cheaper properties about 40 minutes away, selling those, and using the proceeds to build new on the in-town properties.
Interesting solution.
Now everything being built are characterless, square and tall crap that maximizes square footage for these small lots.
Interesting solution.
Now everything being built are characterless, square and tall crap that maximizes square footage for these small lots.
Seattle's halfway there. A flooded house filled with black mold sold for $427k in West Seattle a year or two ago, iirc. Only difference is the scrapes in Seattle don't involve relocating the old house, just tearing it down.
Edit: Can't find that article. Here's a Ballard black mold scrape for $775k: https://www.seattlepi.com/seattlenews/article/775k-for-tear-down-house-in-Seattle-s-Ballard-12881749.php
Yeah, I guess my point is more about the cost of new construction making that option viable...scrapers have been a thing since forever.
Portland is a teardown.
Got it. Most of the scrapers in Seattle are 1950s era cheap construction. Not worth it given how crowded the metro is for dozens of miles in every direction save for directly into the Sound.
Sounds like Lexington, MA.
Still bonkers here. This is under contract, two blocks away. 2br. For 2mill.
https://www.zillow.com/homedetails/255-E-Kelly-Ave-Jackson-WY-83001/194366191_zpid/
https://www.zillow.com/homedetails/255-E-Kelly-Ave-Jackson-WY-83001/194366191_zpid/
What's up with the tax history? $2.7k taxes for a $1.2M house?
Not sure, but it kinda pisses me off. We pay ~4K annually.
I pay over $12k.
Holy schnikees.I pay over $12k.
Welcome to the soviet state of Massachusetts.
Wyoming is one of the lowest in the nation...that and no income taxes help make it pretty desirable for the monacle crowd.I pay over $12k.
I pay less for a year of property tax here than I paid every six months in Washington, which was like 1/4 of Oregons. Property tax is stupid low here.
my townhouse in Golden would be 1/2 the price in my old neighborhood west of Chicago, and 3x the property tax.
What town, that’s fucking ridiculous.I pay over $12k.
Winchester.
Our house here would be $125k in Maryland, apparently.
My property tax went up 30% in the past year to $6500/ year. Over $7k if you include car registration. This is actually more than my mortgage + taxes for my place in Virginia. Can't complain too much as the virginia county I lived in didn't even have one park or public service short of a few deputies and some really bad schools.
The crash.... It's coming.... 
Our house and 75 +/- acres of land in New Haven, VT this year: $6,989.61.
Camp on the lake is separate, don't have numbers at hand.
Camp on the lake is separate, don't have numbers at hand.
All of yez, now bring me that beer.Look at the land baron over here.
How many serfs you got, my lord?
Didn't know we had a king. I thought we were an autonomous collective.
You're foolin' yourself. We're living in a *DICTATORSHIP*...Didn't know we had a king. I thought we were an autonomous collective.
Well, I didn't vote for him.
You don't vote for kings.
How did @johnbryanpeters become king then?You don't vote for kings.