arent you for single family zoning cuck?Quote:
Originally Posted by sirbumpsalot
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arent you for single family zoning cuck?Quote:
Originally Posted by sirbumpsalot
Rates will go back down. How long have the Central Banks been fighting deflation? Those forces will return. The new home builders are already starting to discount prices and mortgages. It will be cheaper to buy new soon and that will put pressure on resale prices.
You can get a 20 year bond at 3.20%. Muni yields will get you a 6% equivalent. If you are going to get another mortgage somewhere else why risk lower prices on rental?Quote:
Originally Posted by Cono Este
Plus managing the rental from a distance. Think hard.
Gotta agree with this. Builders have a good bit of margin to play with.Quote:
Originally Posted by 4matic
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Depends, newer property, no deferred maintenance and really good insurance that covers plumbing issues, I would have a property mgr and go for it.Quote:
Originally Posted by ötzi
FIFYQuote:
Originally Posted by dan_pdx
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Fixed what now?Quote:
Originally Posted by Jen
"it"Quote:
Originally Posted by J. Barron DeJong
It’s over in my hood: 95762. I can’t even count all the price reductions. A few are capitulating with second reductions way below average sf price for the area.
https://www.yahoo.com/finance/news/c...142613929.html
Canada getting rocked
Salt Lake County housing sales hit 10-year low
https://www.ksl.com/article/50440360...ces-will-lower
Somewhat surprising, from that article, "It marks the 13th consecutive month of falling sales year over year,..".Quote:
Originally Posted by Dantheman
Somehow I don’t see prices to drop significantly across the market here for a bit for two reasons: first is that the underlying issues with supply are still there with new start permits, construction supply issues and the type of homes being built still not meeting market demand; and second that the recent rush of purchases that ran up the market in the first place - that being the cash sales for those seeking different locations for whatever reason coupled with the investment money now stuck with holding their investments - will avoid selling at a loss/until the cost of servicing the mortgage or maintenance of the property hit that magic number.
Our hope is to find that sweet spot over the next year or so where a place comes up that has dropped enough that in relation to our current home, the difference in price between ours and theirs gets a bit more palatable. We are in a good position, but holding onto that cash down payment we’ve been holding from other long-term investment vehicles sure does cause an itch that is hard to keep from scratching.
Same in 95603. I’m hoping it keeps going, my parents are about to buy here, likely this fall. Luckily they will not need much financing.Quote:
Originally Posted by 4matic
Inventory up 60% here over last year. Which is a good thing. Shaking out the investors. I hope it continues. I just hope that a downturn doesn't stop or delay any affordable new builds in this area. Lots in planning.
The percentage US home for sale that have cut their asking price over the last 4 weeks is at the highest level we've seen since Redfin started tracking the data in 2015.
not sure what significant means or where you sit in the market but i think more be more like 2 yrs for the market to tankQuote:
Originally Posted by BCMtnHound
That’s just it, I don’t think the market is going to ‘tank’ in the traditional sense. The underlying economic conditions that contributed to the general rise in prices are still there, especially in this small community - that primarily being inventory, and those buyers coming from the city to either retire, or work remote from a larger home/property in the sticks.Quote:
Originally Posted by XXX-er
We are also staying in that same market as a seller, so that also contributes to the equation. Thankfully, a 10% correction in prices affects those selling a higher valued property greater than it does us with a slightly lesser valued place. And we are not ‘investing’ per se as this is not a 2nd home, but will be our primary residence.
We don’t need to wait until the absolute bottom of the cycle; market stability is the greater desire (and finding that place that tics all the boxes). Plan is to be mortgage free prior to my retirement in a decade or so.
till RE goes to the bottom & starts back up might be a better way to put it, even with rates rising I think that being in the position of selling/ buying is better in a falling market than in a rising market especialy a stupidly rising market
junior is actualy doing much the same thing trying to trade up a little on the RE and I may have to help him with some interm financing
AKA borrow some money to borrow some money
Needs a dockQuote:
Originally Posted by Mazderati
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Jetty and mooring. That beach doesn’t look sheltered enough for a dock.Quote:
Originally Posted by VTeton
11 bdrm and only 6.5 bathrooms spells disaster. Otherwise not too bad for someone with a large family.Quote:
Originally Posted by Mazderati
6.5 bathrooms is plenty as long as they add the jettyQuote:
Originally Posted by Toadman