Up .50% since December 3rd. Under 4% should not hurt the purchase business to much IMO.
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Up .50% since December 3rd. Under 4% should not hurt the purchase business to much IMO.
Haha! Me too! I think the problem is, that I grew up in one. So, I think for whatever reason my dad likes that style house. Plus they said they couldn't find any ranch style single levels. At least what I heard was that in Lakewood, there are ranch style homes but they apparently are not in the best part of town.Quote:
Originally Posted by mcphee
Sometimes it's about being closer to family.Quote:
Originally Posted by fastfred
Tri levels are alright. Quad levels can fuck off. Split foyers should all be torn down.Quote:
Originally Posted by Toadman
Sent from my iPhone using TGR Forums
You know the Fed is struggling with the possibility of killing the housing market with a series of interest rate hikes.Quote:
Originally Posted by liv2ski
duhQuote:
Originally Posted by Toadman
and wall street is so great right now too once these companies loaded with debt have to actually start paying interest on the debt it aint' going to look good
make sure we keep everything happy and inflated so the boommers twilight years are perfect so they don't have to suffer with a debt laden govt and shitty health care
Lakehood
It's alright the further west you are, but the niceties drop quickly the further east and south of Alameda you go. Easy commute to Denver proper, easy to hop on I-70 for mountain jaunts, tons of golfing nearby, and everything you need in that area is within a few minutes away, stores, post office, shopping, etc. It's not bad. Could be worse. Still gotta lock your car doors and I highly suggest camera security system. Lots of auto thefts and break-ins near green mountain and specifically at the trailhead parking lots.
Do they have pets? Cats always go missing. Lots of coyotes up on the Green and they visit the nicer hoods for fresh meat often. Hopefully they don't have outdoor cats. Also, the dog park there off W. Alameda was nice when I visited often bitd, but I've read of lots of dogs getting sick from visiting there past few years.
https://media.giphy.com/media/3o85xE...CIXS/giphy.gifQuote:
Originally Posted by Toadman
:D
You know the increases are from the Bond Markets opinion of what the FED needs to do, as the FED has not officially raised their bench mark rates yet. And yes, if you read the stuff I do, many think there is a chance of recession in the next 18 months, but who really knows?Quote:
Originally Posted by Toadman
No pets. Once us kids moved out, no more dogs after that.Quote:
Originally Posted by Jax
I certainly hope so. There are millions and millions, mostly young and not in on the game, that are locked out.Quote:
Originally Posted by Toadman
It's a slow moving train. Prices may normalize when the Boomers die, but that's at least a decade, maybe two.
Seriously. The housing market is fucking dead as a doornail for the majority of the people in this country. Take us back to 2009.Quote:
Originally Posted by Benny Profane
That’s good news for the multi property tgnar slum lords though! NIMBY!
Here's a gem in East Vancouver: https://www.cbc.ca/news/canada/briti...-531-1.6319447
"Value of tiny lot in East Vancouver skyrockets 3,431% in 1 year, according to B.C. Assessment
The William Street tiny lot sold in July 2020 for $88,000, and was resold to Lanefab for almost two and half times the price — $210,000 — 11 months later."
9X60ft lot.
Met somebody on the lift who bought a nice house in Reno in 09 for 90,000. I know it was nice because I was shopping there about the same time. Now he said it was worth 600,000. Smart move. He was 45.Quote:
Originally Posted by yeahman
Yeah, '09 was great wasn't it? People losing their homes to the banks who were getting bailed out by the feds. The good ol days I tell ya!Quote:
Originally Posted by yeahman
Locally, here in CO, the main problem is inventory right now. I'm hoping that that changes in the spring when people decide to cash out on their investment properties at these high prices and there's a surge of homes on the market creating some competition to drive prices down a little. Only time will tell I guess.
Meanwhile, I've been in the market for another property and it is crazy how competitive it is right now. Just saw a townhome go for 30k over asking, which was already almost double what it was worth in '17.
Something Has to Give in the Housing Market. Or Does It?
https://www.nytimes.com/2022/01/20/u...smid=url-share
“It’s not a bubble, it really is about the fundamentals,” said Jenny Schuetz, a housing researcher at the Brookings Institution. “It really is about supply and demand — not enough houses, and huge numbers of people wanting homes.”
“My pessimistic view is that the economy is perfectly capable of running with unaffordable housing,” said Daryl Fairweather, the chief economist at Redfin. This was evident over the last decade, she said, when affordability worsened even as the economy continued to grow. And that reality has enabled politicians and the public to largely neglect the issue of housing affordability.
“Another way to phrase that is people will still get up and go to their jobs, even if they’re housing insecure,” Ms. Fairweather said. “That’s one reason to think we’ll still just keep letting this problem get worse.”
We bought in 2010 and would never be able to afford it now, so yeah, that was a good time for most people except those who bought during the bubble.Quote:
Originally Posted by Name Redacted
But by all means buy another property during a bubble. Overpay like all the other dumbshits. Be part of the problem.
Ban Airbnb and a significant portion of the supposed "shortage" will cure itself.
This is a good OddLots podcast discussing housing outlook.
https://www.bloomberg.com/news/artic...?sref=vuYGislZ
List price?Quote:
Originally Posted by Whiteroom_Guardian
There is nothing for sale in Mass right now. No end of this in sight. FFS.
"Except for those who bought during a bubble"---that was a shitload of people and it had a not-small effect on the economy IIRC, which directly or indirectly affected almost every person on the planet. You might not have gotten screwed out of a house, but you got screwed out of something because of the global recession.Quote:
Originally Posted by yeahman
RE: buying during a bubble- I just sold an investment property, if it is a bubble, I'll be fine because that investment was purchased before prices surged. If anything, I'll just be under-leveraged.
So, in other words, it's cool, I got mine.
pretty much benny shoulda bought a house in a ski town twenty years agoQuote:
Originally Posted by Benny Profane
bummer you missed the boat on all that
Started the thread and still doesn't get it 19426 pages later.Quote:
Originally Posted by Benny Profane
So you admire the 45 year old guy who bought 13 years ago for $90K and now has a house worth $600K but when he sells it and collects that money, do you call him a greedy capitalist who is ruining the American dream for thousands of young adults who will never be able to buy their piece of the American dream?