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More real estate doom and gloom

kidwoo

Celebrating No-Pants Day
Aug 25, 2003
27,296
4,799
In my pants
There is no land left to develop around here but all the little old houses like mine are getting bulldozed and replaced with townhomes or Mc mansions. My neighbors house is identical to mine with the exception of being in the late stages of decay. When she dies/moves there is a100% chance it will get dozed.
keep an eye out for imminent domain monorails above you, maybe wear a helmet


another monorail in seattle I mean
 

jimmydean

The Official Meat of Ridemonkey
Sep 10, 2001
32,485
5,724
Portland, OR
And some folks who live in Lake Oswego (Oregon's Beverly Hills) think Portland is now a shit hole. :panic:

 

Westy

the teste
Nov 22, 2002
42,926
8,735
Sleazattle
Was trying to think how one pays for 55 or so kids. Then I realized it isn't so much when you get to sell the girls off.
 

Adventurous

Starshine Bro
Mar 19, 2014
6,505
3,755
Crawlorado
Ah, just got an email from my real estate agent saying that yesterday, rates took their biggest jump in 10 years.

House we saw in Southern NH just sold for a full 20% over asking.

Shits off the rails right now. This does not bode well for my home buying prospects.
 

Westy

the teste
Nov 22, 2002
42,926
8,735
Sleazattle
Ah, just got an email from my real estate agent saying that yesterday, rates took their biggest jump in 10 years.

House we saw in Southern NH just sold for a full 20% over asking.

Shits off the rails right now. This does not bode well for my home buying prospects.

Wait until spring.
 

stoney

Part of the unwashed, middle-American horde
Jul 26, 2006
16,892
2,619
Colorado
Ah, just got an email from my real estate agent saying that yesterday, rates took their biggest jump in 10 years.

House we saw in Southern NH just sold for a full 20% over asking.

Shits off the rails right now. This does not bode well for my home buying prospects.
Historically, as rates go up, prices go down, and vice versa. Say for example, the general market only allows for and average of $2500/m in mtge payments for the area (very broad example). If rates go down, that mean to get to that net cost, the size of the mtge can go up. Inversely, if rates go up, to get to that net cost, prices have to go down. That all goes to shit when cash purchases come into play, but that is how things should work according to basic economic theory.
 

kidwoo

Celebrating No-Pants Day
Aug 25, 2003
27,296
4,799
In my pants
*Al Qaeda likes your views and wishes to subscribe to your newsletter*
"respect the predatory capitalist structure which I am fortunate enough to be on the winning side of, or else you are a terrorist"


Amazingly consistent, I'll give you that
 

jimmydean

The Official Meat of Ridemonkey
Sep 10, 2001
32,485
5,724
Portland, OR
Shits crazy in Portland, yo.

 

Westy

the teste
Nov 22, 2002
42,926
8,735
Sleazattle
Shits crazy in Portland, yo.

Oh look, a grand estate is expensive.

How about something a little more modest on an acre.

 
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SkaredShtles

I love NEWCASTLE and will ONLY drink NEWCASTLE!!!!
Sep 21, 2003
53,990
5,727
In a van.... down by the river
That looks a bargain to the average kiwi.
for perspective I just put an offer on 5 acres of land (no house, no water/sewerage/power) and it's over half a mill.
Yeah - but is that in NZ pesos? :D
 

Westy

the teste
Nov 22, 2002
42,926
8,735
Sleazattle

rideit

Bob the Builder
Aug 24, 2004
12,925
4,707
In the cleavage of the Tetons
Shits crazy in Portland, yo.

Are you kidding?
that is actually
Dirt
Fucking
Cheap

(compared to the insanity in Wilson)
 

DaveW

Space Monkey
Jul 2, 2001
9,292
991
Karori, Poneke Te Ika-a-Maui
Sorry to hear France didn’t really work out. Was it just the Covid suckage?
Place in France is fine!
Can't get to it easily but that's just a temporary thing.
Just selling as I want to use the money for building at the new place.
I'll probably buy another place in France in a few years, it's just that I have a better use for the money right now.
 

DaveW

Space Monkey
Jul 2, 2001
9,292
991
Karori, Poneke Te Ika-a-Maui
From my monitoring of real estate websites around Morzine, over the last year the market seems to be good.
Properties seem to be selling quicker than when I purchased. Prices are pretty stable, not much change in value from 3 years ago.
 

Sandro

Terrified of Cucumbers
Nov 12, 2006
2,682
1,843
The old world
Y'all buying vacation homes in Yurp and I can't even find a regular house to live in. The market has gotten even worse over the last year and continues to do so.
 

kidwoo

Celebrating No-Pants Day
Aug 25, 2003
27,296
4,799
In my pants
Y'all buying vacation homes in Yurp and I can't even find a regular house to live in. The market has gotten even worse over the last year and continues to do so.
Their definition of 'good' is pricing your ass out of a functional housing situation so that they can feel like they made a good 'investment' with their extra money.

My system is pretty simply that when certain people post anything about markets being 'good', I know it really means 'bad for humanity'
 

junkyard

You might feel a little prick.
Sep 1, 2015
1,574
1,128
San Diego
Their definition of 'good' is pricing your ass out of a functional housing situation so that they can feel like they made a good 'investment' with their extra money.

My system is pretty simply that when certain people post anything about markets being 'good', I know it really means 'bad for humanity'
is the process of defining who is a "certain people" simple as well? While I agree with you sorta, what would be a better system? People like moving around, and people like fucking things up, so I don't see a alternative. Not that the system is perfect. If it was cheap to live in great places they would cease to be great places.

I hope the market collapses soon. Because Im evil.