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Double check your link- the link in that post goes to an article about inventory liquidation.Quote:
Originally Posted by Toadman
I think you were trying to post this-
A Town's Housing Crisis Exposes a 'House of Cards' https://www.nytimes.com/2022/07/31/u...e-housing.html
Anyone have a non-subscription link?
Oh hell no. I'm just saying I'm not that worried about the rate personally if the numbers already look good- just that they might get better if/when it makes sense to refi. Personally I just want a LTR in a normal town.Quote:
Originally Posted by Foggy_Goggles
20 years from now when there’s less snow, more fire, more people in inadequate infrastructure you gonna say the same? See: comments this page about the unavailability of service workers. Some vacation towns will be there, others wont. The cities are dieing bullshit is culture warring morons like derpsalot and this board aging into crotchety old fucksQuote:
Originally Posted by Lindahl
anyways, here’s some boomer schadenfreude “oh noes! There’s no small housing for us to downsize too!” Say people who e fought small housing forever
https://www.bostonglobe.com/2022/07/...k-their-homes/
I think Ötzi is skewing the demographics
Of the state’s occupied homes, 54.8 percent are owned by residents ages 55 and over, according to a US census data analysis by the Massachusetts Housing Partnership. That over-55 contingent represents just over 22 percent of the state’s population. The percentage of older homeowners is higher in some suburban towns, such as Lincoln (65.7 percent) and Scituate (65.8 percent), and in communities on Cape Cod such as Falmouth (74.9 percent) and Chatham (81.6 percent)
But also, wife and I planning on downsizing after the kids are out, but I’ll pay the same taxes for less house. So not sure I’ll be selling.
Skewing them in what direction?
It's gonna be interesting to see what happens to vacation area real estate when the boomers get serious about dying off.
I'm talking about the current downturn due to rate increase and inventory being flooded because everyone is trying to get theirs. Not some hypothetical downturn in the future.Quote:
Originally Posted by dunfree
https://www.nytimes.com/2022/07/31/u...smid=url-shareQuote:
Originally Posted by Kevo
Not sure if that will need a login, but it shouldn't require a subscription. Well, at least for the first person, no idea how the "gift an article" feature works.
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interesting because why?Quote:
Originally Posted by ötzi
generation xers don't buy second homes
millennials don't buy second homes
and sure enough gen z will be wanting in on the second home market too
many homes I work in are in a trust or a family llc and the kids are part of the deal so it gets passed down easily
millennials are now forty years old and I know plenty who own a second home just because the media wants you to think they can't or don't buy homes isn't true
Are these 30 year mortgages? I've talked to three people now and they have been quite a bit more. I'd probably prefer a 15 year if I can swing it (and I think I can). Total amount mortgaged would be around $200k.Quote:
Originally Posted by liv2ski
edit: just talked to Rocket on the phone and they told me to get down to 5% on a 15 year would require 3 points, so not sure why those numbers are different.
One of the people I talked to today is a friend who is in the mortgage business. He said right now they're selling discount points for pretty cheap, so you can reduce the rate by a decent amount without shelling out a ton. He says the reason for that is many lenders feel like rates may drop a bit in the next year or two and that would spark a lot of refi business, so the lenders want to make their money now since many of the loans originating now may end up getting paid off quickly.
I'm not sure what a "shit boat" is, but I've def been tempted to sell out and leave.Quote:
Originally Posted by fastfred
Where to go, though? Everywhere that doesn't suck has been discovered and real estate is nuts. All we can do is swap our overvalued houses for other overvalued houses. Where did your friend go?
Homes that are passed down in trusts aren't in the real estate market.Quote:
Originally Posted by fastfred
As far as future values in ski resort areas, in my view it remains to be seen. The younger groups are smaller than the Boomers. When Boomers bought, things were relatively affordable. Climate etc. are factors. Skiing is not as cool and aspirational as it was in the day. Things could go different ways.
Ya know, interesting. Like we'll see what happens . Interesting.
I know more people that have moved here more for the mountain biking aspect than the skiing aspect in the past ten years (however, most do both).
evan when we sit down someday and smoke a blunt and drink a beer I may show you the top secret list until then well it's top secretQuote:
Originally Posted by climberevan
I mean none of my towns have a gangola a fifteen minute walk from the house but I'm kinda over that shit
there are towns still waiting to be discovered in the mtn/desert west but they are far from the average Outside magazine tool bag list
and my friend is married so he wasn't allowed to decide where to go after 30 years in summit co so they went to fart collins prolly at the bottom of my list
ExactlyQuote:
Originally Posted by ötzi
but the demand for mtn town resort living is beyond anything I could imagine right now and its not going away
Northern Wisconsin.Quote:
Originally Posted by climberevan
This place is a sportsman’s paradise. I’m loving it here. Selling ski town 1-bedroom condo gets you dentist-level waterfront home. 38 years in Montana and not missing it at all.
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Nice, and cogent, turn of phrase in that article:Quote:
Originally Posted by Toadman
Quote:
Resort towns have long grappled with how to house their workers, but in places like Sun Valley those challenges have become a crisis as the chasm widens between those who have two homes and those who have two jobs.
NYT article on Hailey ID and their worker shortage:
https://www.yahoo.com/news/towns-hou...115727043.html
ETA: Well, I guess that was already posted. Read it anyway bitches.
There are more Millennials than Boomers. It's been a while since I helped a Boomer buy a home in this particular resort market- they're all Xers and Millenials that are buying. Skiing is still cool, but more importantly buyers around here are buying for a week at XMas, but spending much more time in the summer here. They want to escape the heat of wherever home is, look at wildflowers, go hike, go bike.Quote:
Originally Posted by ötzi
At least that's what I see in my market.
Just wait until coastal cities and southern cities are basically uninhabitable due to floods, heat and lack of water. What we are seeing now in the high country is just a warm up.
JFC. If there ever was a tone-deaf article that belonged in the first-world problems thread this is it.Quote:
Originally Posted by dunfree
So to speak.Quote:
Originally Posted by rideit
Not done with that Globe article.
Reeks of 'no one wants to work'.Quote:
But many older residents in Massachusetts who’d like to downsize — and turn over spacious dwellings to younger buyers desperate for room to expand —are finding it difficult, if not impossible.
So boomers have another revenue stream? Doesn't do shit for buyers.Quote:
Prosnitz is part of a local group called Building a Better Wellesley that advocates for zoning changes to allow single-family homes to add auxiliary dwelling units with their own kitchens and bathrooms, creating another option for downsizing seniors or their adult children. Other suburbs, such as Newton and Arlington, have approved such plans.
That worked, thanks.Quote:
Originally Posted by anotherVTskibum
shoulda never moved to Montana then. It’s a special place, to say you don’t miss it all is very telling. (I grew up in WI and lived in MT too)Quote:
Originally Posted by Harry
I think he meant he's not looking back and I get that. New chapter. Living in the present.