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While I imagine some people will take a bath on this stuff, it's likely not even a fraction as large as the last time. That said, hopefully the crashing returns on stuff like that will make people think twice.Quote:
Originally Posted by J. Barron DeJong
Nice place. One thing they aren't building more of, is land on Nantucket. Fond memories of Nantucket. If I had the cash, I'd buy a place on that island so I could fly in on my private jet for a few weeks a year.Quote:
Originally Posted by californiagrown
Here's the answer to your question, Dan. Just a few blocks form the river.- https://www.redfin.com/OR/Bend/304-N...5fbnVtYmVyPTA=Quote:
Originally Posted by dan_pdx
Nantucket is one of the last places good, god-fearing wealthy white folk can go to escape the poors and the minorities!
Well. There’s always MV. No migrants allowed.Quote:
Originally Posted by JimmyCarter
^^ obviously that’s complete bs and you know it, so why say it? Those people have been treated very well by all reports.
If by treated very well you mean told to GTFO and shipped out within 48 hours.
Lol
Yep. Camp Otis is awesome. But no gelatoQuote:
Originally Posted by AdironRider
You fellas are confusing asking price for fair market value. There’s a reason we compare properties that have sold when creating a comparative market analysis for clients.Quote:
Originally Posted by Toadman
If you’re really intrigued send me a PM and I will send you credentials for the actual MLS data, not the syndication. I think you can limit your search to sold listings although I’ve never tried it from the consumer side.
A decent lot in Bend, downtown within a few blocks of the river runs about $600k to $650k. The structure will dictate the rest. Those two houses aren’t exactly apples to apples. Luckily, unlike Assspen, our downtown district isn’t surrounded by 14’ers, that’s why we sit in traffic for hours to ski a windy pimple.
Thanks for the offer! What's the difference between MLS data and what we can see on something like Redfin or Zillow (which do allow you to search sold listings)?Quote:
Originally Posted by lowsparkco
Toadman, Lowsparkco, I actually wound up in Bend from now to the end of October for an extended in-law visit, want to catch up for lunch / beer / a mellow MTB ride?
you just get all the listings, some arent listed on redfin/zillow, or are out of date. You dont have to be a realtor to get access to MLS, but you do need to pay a fee. IMO, just get a homie with a RE license to set you up with an email alert.Quote:
Originally Posted by dan_pdx
Nantucket is old money, MV is new money; both are exclusive and pricey as fuck but the former is definitely the land of the elite.Quote:
Originally Posted by Core Shot
Was down there this summer for a long weekend and just for shits I browsed the real estate pages in the local paper; they were absurd. Cheapest property shown was a 2BR shack that was listed for $2.8M and looked like it needed quite a bit of work.
We hit the bars and I paid $63 for 3 vodka sodas - unless I hit the lotto I think I'll stick to the $3 highlife's at the townie bar down the street from now on instead.
Any NEK realtor mags (or friends of) here? Looking at buying a place.
A dollar doesn't go as far as it use to.
Quote:
A homebuyer on a $3,000 monthly budget has lost nearly $40,000 in purchasing power over the last year, as mortgage rates have risen from around 6.5% in October 2022 to nearly 8% today. The glimmer of hope for the housing market: a small September uptick in new listings.
Mortgage rates hit their highest level in more than 20 years this week, pushing homebuyers’ monthly housing payments to all-time highs. A buyer on a $3,000 monthly budget, for instance, can afford a $419,000 home with a 7.7% mortgage rate, roughly the daily average on October 4. That buyer has lost $38,000 in purchasing power since last October, when they could have bought a $457,000 home with a 6.6% rate. And by that time, buyers had already lost a significant amount of purchasing power since the start of the year, as mortgage rates doubled throughout 2022: A buyer on a $3,000 budget could have purchased a $595,000 home with the 3.5% rates common at the start of 2022.
There is a great burger joint in that town that could be the tip of the spearQuote:
Originally Posted by Harry
Bassist from Pearl jam built a sweet sk8 park there as well.
The National Association of Home Builders, the Mortgage Bankers Association and the National Association of Realtors wrote to the Fed “to convey profound concern” about the industry.
The groups ask the Fed not to “contemplate further rate hikes” and not to actively sell its holdings of mortgage securities.
I forget why ( something about bonds? ) but i'm pretty sure none of those partys mentioned in the artical ^^ can control interest rates
Too little too late. The Fed is contemplating further rate hikes, and should also be looking at selling its holdings of MBS's. Now's a good time as any.Quote:
Originally Posted by 4matic
Where were they when banks and Fed were giving away money blowing up asset prices?
Exactly
Remember that a liquid housing market is one of the two tenets of the Fed’s dual mandate
Sell MBS?
Lock in the losses? I don’t get it. It’s fake money anyway. Just let it sit on the balance sheet for a few years. Unless they’re planning on jacking rates more and for a longer duration.
I don’t believe Fed has sold anything yet. Just letting holdings roll off. That said, selling at a loss if they had too wouldn’t matter much.
The Fed isn’t selling MBS. It isn’t buying, which has created a gap in “buyer”. Spreads have widened since the exit but there haven’t exactly been a lot of new mortgages to offset this demand/buyer gap either.
Fed will just let it roll off.
1 more hike this year, maybe. Rate cut projections keep getting pushed further out 2h24 now.
Sorry I missed this. I think californiagrown picked up my slack. The syndication of the data the big websites buy is the majority of it. They wrap it in a user interface that promotes clicking through to a broker that pays them for advertising.Quote:
Originally Posted by dan_pdx
Our user interface (which unfortunately isn’t great on the consumer side) is generally geared towards allowing brokers to organize listings in order to price compare for a market analysis. For example I might bracket all the 4/3’s with a pool that sold in a 3 month period in a certain zip code. Or isolate a neighborhood that was all developed by the same builder to get the average price per square foot.
What I was really alluding to, which we run into all the time, is adding two or three listings as comps that haven’t sold. That can skew numbers 10 or 15% easily. In real low inventory markets a homeowner might make a list of 10 properties that haven’t sold and be 30% off of real value.
Send me your number via a PM. I’d like to meet up for a ride or a beer. I got a 4 month old, so it ain’t always easy, but I’ll certainly try.
Just catching up here, but this cracks me up and reminds me of a story my wife told me a couple of weeks ago. She is enamored with sandhill cranes and signed up for some type of viewing/education event with the Teton Regional Land Trust.Quote:
Originally Posted by neckdeep
She said there was a couple in attendance who told her they are second homeowners in the valley who spend the summers here from Georgia. Apparently the lady had a can of bear spray that she held at the ready for the entire two hour tour of the river bottom while looking at cranes. My wife said she looked terrified and wondered if she had been outside any at all this summer.
https://globalnews.ca/news/10027665/...t-legislation/
Gona fuck up some money grubbers eh ?
has limiting how many STR's an LL can run ^^ been done else where
and how did that go ?
very recently the city of vangroovy put up the STR licensing fee by 900 %
I ran into a big ass black bear with cubs at the river just a few weeks back. What we really need is for some of these new millionaire migrants to get their faces ripped off. Maybe that will encourage them to stay on the other side altogether.Quote:
Originally Posted by zion zig zag
STR hilarity: https://www.ksl.com/article/50750031...es-controversy
TL; DR: Guy buys large suburban property, turns it into a STR advertised as being able to sleep 25 and perfect for a "corporate retreat," and can't seem to understand why the neighbors are pissed about it. "I don't want to be malicious. I want to be a good neighbor, but I also want to run a business. This is my livelihood." LOFL.
Attachment 473129Quote:
Originally Posted by Dantheman
The latest obscenity from the teton valley housing crisis. Trailers without wheels, basically, crammed in side by side amid commercial zone lots. $280,000 for a shoebox or so I was told.
What a joke. This valley has turned into a massive festival of greed.
Attachment 473146
Guessing the dirt is not part of the deal?
bUt tHeY hAvE bArNwoOd sIdINg!
Oh and every architects wet dream ... flat roofs!
Yeah, $280 ain't bad but I'm guessing that their is lot lot/HOA on top of that. Maybe even a Metro District to pay back the developer for the infrastructure. Gotta watch for the water and sewer fees also, because their can be recapture there also.
I’m old enough to remember trailers without wheels on the village road.Quote:
Originally Posted by neckdeep
Yep. Sold and scraped. It’s still there. Posed as affordable housing. Just not affordable anymore.
Crusty Kurt had one of them trailers. They allowed him to get the new fancy houses. The floor was level but the price went up.
Is Kurt still living? Haven’t heard anything for years.
Seriously? $280k ain't bad?Quote:
Originally Posted by Foggy_Goggles
Just for reference, my mom bought a 3br/2 ba condo down the street for $290k in 2020. It has 3 times the square footage, high ceilings and nice landscaping. These are total shitboxes by comparison.
I haven’t seen him in forever, but last winter I asked Duffy at TVS and he thinks Kurt is still around somewhere.Quote:
Originally Posted by Core Shot