Yeah, there's a ton of qualifed buyers, demand and not much inventory so the most we'll see is specific market corrections IMO. Some over leveraged people will get fucked, most will be fine.
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Yeah, there's a ton of qualifed buyers, demand and not much inventory so the most we'll see is specific market corrections IMO. Some over leveraged people will get fucked, most will be fine.
Until the ROI ceases to exist in residential housing, prices will remain steady. For a long time residential housing was not as profitable as other uses of capital, the last decade has been much different. Unless corporate owned residential housing starts selling off, think’s won’t change much.
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Maybe, but a lot of those people tend to work in the trenches (teacher, police, firefighter, nurse, military, fast food manager, etc.) and those jobs tend to hold up better when things go to shit and all the crooks who do nothing but move money around find themselves out of a job.Quote:
Originally Posted by oldnew_guy
Why do I think this? Because my wife and I have made careers out of working in the trenches, and we were totally unaffected by the so-called Great Recession. In fact we benefited greatly by buying our house in 2010 at pretty much the lowest low.
Anyone have any good recommendations for a real estate attorney in California?
Location, location, location.
https://www.redfin.com/OR/Bend/748-N...5fbnVtYmVyPTA=
https://media.giphy.com/media/ukGm72ZLZvYfS/giphy.gifQuote:
Originally Posted by Toadman
True dat. A modest regular house. But, they do have nicer trees with more privacy than the renovated houses on the same block. I'd still do more blocking of the neighbor on the right. 2.5MM tho.Quote:
Originally Posted by Toadman
Id much rather have that place for 2.5 than anything for 2.5 in Bellevue, or kirkland, or anywhere in the bay area. Having a big backyard with the deschutes river right there, multiple breweries and restaurants a block or two away, and 20 mins to bachelor is worth a lot more to many people than the newest sink and flooring.Quote:
Originally Posted by CarlMega
Or you could buy that house for 240k somewhere else and put the 2 plus M to work earning 120k a year, not working and skiing everywhere.
I mean people say Bozeman is overpriced. It may be to some, but holy shit 2.5 goes WAY farther here. Damn.Quote:
Originally Posted by skaredshtles
I mean yeah, if you are single w/o kids, have 3mil cash on hand and are into a nomadic lifestyle. Not many of those folks out there though.Quote:
Originally Posted by byates1
https://www.realtor.com/realestatean...1_M99514-29456
I think I’d much rather have this for 2.4 mil
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^^^And how many scantily clad athletic women you gonna see paddling by on SUPs every summer day if you’re on a hilltop in almost West Virginia?
It's right near downtown on the Deschutes. But still...$2.5 million? I guess shoot for the moon and see if you can achieve low Earth orbit.Quote:
Originally Posted by CarlMega
I'm disappointed that Montucky didn't inform us of this AAA investment opportunity. Missed a golden chance for the TGR collective to buy a giant house on the cheap, do a half-assed job of finishing it, and have a shared ski/party palace that pisses off all the multimillionaire neighbors for the foreseeable future. MontuckyFried, next time you have to let us know!Quote:
Originally Posted by skaredshtles
What do you think it would be on the other side of the street with no river frontage? Under $1m? My sister is in Bend now and I've been visiting enough to get the idea that Bend seems to be headed the same way as Aspen. I walked past this listing last week that's even crazier than the first one: https://www.redfin.com/OR/Bend/615-N...home/112330773Quote:
Originally Posted by Toadman
Probably $850k-$1 million range. I heard someone call Bend the poorman's Vail. I don't think they had probably ever been to Vail though.Quote:
Originally Posted by dan_pdx
Compared to a house on the river in Bend? F no way. 7k sq ft is a lot to keep up plus you're in Virginia. Screw that.Quote:
Originally Posted by skiballs
that’s Kentucky, you can get any number of places for $2.5 in shitholesQuote:
Originally Posted by skiballs
This all day in that price range.
https://www.realtor.com/realestatean...=srp-list-card
Or you could have 2 of these:
https://www.realtor.ca/real-estate/2...hroad-smithers
Thats fucking sweet.Quote:
Originally Posted by LHutz Esq
Yeah, but who wants to mow 33 acres?Quote:
Originally Posted by Whiteroom_Guardian
True, but I also wouldn’t have to see spandex wearing, Tacoma driving, California transplant, brew pub bro-brahs every time I walked out the front door.Quote:
Originally Posted by TBS
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True, but I also wouldn’t have to see spandex wearing, Tacoma driving, California transplant, brew pub bro-brahs every time I walked out the front door.Quote:
Originally Posted by TBS
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When the say it can't get much worse, that's when it usually starts to prove them wrong and it gets much worse.
https://finance.yahoo.com/news/housi...221906929.html
Quote:
The housing market can't get much worse from here, according to Redfin CEO Glenn Kelman.
High mortgage rates and high prices have crushed affordability for buyers.
The market is in a freeze and the sales slowdown that will last for a "long time," Kelman warned.
The only good thing right now about the US housing market is that it can't get much worse from here, according to Redfin CEO Glenn Kelman.
The head of the real estate listing site pointed to tough market conditions over the past year, with affordability plunging to an all-time-low, according to Goldman Sachs' housing affordability gauge.
That's the fault of high mortgage rates, which have raised the cost of borrowing for prospective homebuyers, while also discouraging potential sellers from listing their homes. That's exacerbated the supply shortage and pushed up home prices even as demand falls due to higher rates.