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Agree.Quote:
Originally Posted by AdironRider
I learned this a few years back trying to engage a few people on nextdoor.com about a local issue (I had not yet learned what a cesspool that place is). Somebody googled me and threatened my job because I disagreed with them on a policy issue. If you live somewhere that has well funded and/or retired NIMBYs, watch out.
Yep.Quote:
Originally Posted by AdironRider
In what seems like a lifetime ago I was nominated to fill a vacant seat on my city council to help save a beloved neighborhood bar from being shut down due to neighborhood busybodies.
It may have only been 6-8 people that were hell-bent on seeing that (very respectable and very active in the community) pub get shut down, but they knew how to make life hard on everyone else, including me when I was approached after my first public meeting on the matter with some very specific information about my house and some work that had been done on my detached garage, apparently without a permit, and how that could cause "lots of problems for a young guy like me".
Just remembering that makes me hate those fucks.
Anyway, the pub got saved but they had to disassemble a brand new covered deck they constructed as part of a compromise and I'm assuming those that tried to shut it down all died alone and covered in cat piss.
Only the beginning imo. All that new inventory is starting to come online:
“US Rents are 1.2% lower than a year ago, the biggest YoY decline since December 2020.
72 out of the 100 largest cities in the US had negative rent growth over the past year.”
Knowing that rents have gone up at least 25% in the last 5 years in San Diego, I would say BFD to lower rents by 1.2%
That’s not the point. It’s a key metric in inflation calculation and therefore interest rate expectation.Quote:
Originally Posted by liv2ski
Fun story. One of my clients said that his parents are selling their home in AZ. The buyers ended up being the same buyers that bought his parent's home (the one he grew up in) on the east coast 30 years ago. That's some crazy stuff.
#stalkingQuote:
Originally Posted by goldenboy
Hey, if someone wants to stalk me and repeatedly give me mad amounts of money, have at it. I’ll give them my phone number.
Attachment 468981
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https://x.com/jeremiahdjohns/status/...sR_NcRK2VkCfkg
It’s good to make it easier to build.
Different type of real estate crash waiting to happen:
Attachment 468985
Over the last 50 years the US house ownership rate has fluctuated between ~63% and ~69% to the ~66% it is now and houses were decidedly shittier in the 1960s. Sone of what you say is true, but things like food? Food sucked in part because of transport, but also because women got forced by society to be in charge of meals & groceries something many didn’t want to be. So you got shit recombinant cuisine. It ain’t all time & techQuote:
Originally Posted by RoooR
edit: what the fuck is that stairway? A ladder would be safer.
Was that supposed to read ‘none of what you say is true’ or something else?Quote:
Originally Posted by dunfree
^thats called sundowning
Insomnia, actually. New thing I’m trying out. Do not recommend.Quote:
Originally Posted by mcphee
More I agree with RooR that CG would have nothing to do with a 1960s, but find both their definitions of “better” problematic in a way relevant to this thread. Some 20, 50, 100 year old homes have relevance because they are place to live. Some are just things in the way. The difference between those is the crashQuote:
Originally Posted by J. Barron DeJong
https://www.yahoo.com/finance/news/r...003712190.html
"10.1% of people who are likely to move in the next year are doing so because of a return-to-office policy."
I wonder what the mathematical odds are. Just kooky.Quote:
Originally Posted by goldenboy
https://vancouversun.com/news/local-...y-800-per-cent
the city hikes STR license fees by 800 %
Interesting. But probably not enough. Do they have taxes?Quote:
Originally Posted by XXX-er
Here it’s 14%
That’s a lot if your renting $5k or 8k a week, as many homes are.
Oddly. The tax is paid by the renters. It would be better if it came out of the landlord side.
So, wife and I are pondering moving back to MT due to an opportunity to get a good price on a house we know. We started looking at home prices in the area and we're noticing significant price drops across the board and homes sitting for weeks/months. Is this an indicator of the tide starting to turn or is it simply that it's September, which is typically not that great of a time to sell anyway?
Hard to tell and depends on where. They are building so many apartments in the Gallatin Valley I cannot help but wonder where all the people will park or what roads they will drive on when the entire town gridlocks. I also wonder about the effects on future home values. And it is September yadda yadda yadda.
Seeing that all over Idaho (and some other areas as well). It's definitely regionally specific, but inventories and price cuts do seem to be on the rise in areas. I think people who were hoping that their place would sell during the peak Summer season are getting more aggressive.Quote:
Originally Posted by MontuckyFried
Its Canada so we got lotsa taxes, Vangroovy is some of if not THE most expensive RE in Canada and its impossible to find a place to live at any priceQuote:
Originally Posted by Core Shot
Lots of factors. There are some good buys out there right now. Very few people are selling right now because they got themselves locked into these amazing sub 3% rates that they will maybe never see again. So, those that are selling have a real reason to that's worth them having to take on a new higher rate in a new house: In my office and my own listings its: Divorce, job relocation, having another kid and house is too small, moving to be close to grandkids, etc. Many have a timeline in mind so some sellers are getting very motivated....and like you said winter coming. Frost on the roof this AM here.Quote:
Originally Posted by MontuckyFried
What's important to look at in MT RE right now: Since the peak of 2022 are home values are UP almost 4%. Literally everywhere else surrounding like WA, ID, WY, etc has gone down ever so slightly since last year.
Latest stat for Gallatin County shows 98% of list price received on recent sales. Inventory still low etc. It's certainly a weird market and in my opinion a great time to buy if you want to shoulder a higher rate for a bit. If you have an opportunity that pencils out go for it. If/when rates do pull back eventually there is still a ton of pent up buyer demand. Sure the rate might be better but you are gonna compete with 5+ offers when now you may be the only offer.
County Commissioners and Developers: "Infrastructure? Never heard of him, what's his last name?"Quote:
Originally Posted by Bunion 2020