Results 22,226 to 22,250 of 27098
Thread: Real Estate Crash thread
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06-29-2022, 02:33 PM #22226
Yeah, you see quite a few in Whistler, too. Not sure why there would be anything shady about it and it makes more sense to me than having lots of vacation homes that sit empty for the majority of the year. Seems like some people want it both ways: no STRs and no homes sitting vacant and that's impossible to achieve.
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06-29-2022, 02:39 PM #22227
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06-29-2022, 02:40 PM #22228
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06-29-2022, 02:57 PM #22229Hucked to flat once
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06-29-2022, 02:58 PM #22230
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06-29-2022, 04:04 PM #22231Registered User
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Mayor in one of our local towns states outright that he wishes he could figure out a way to go after second homeowners like they have the STRs.
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06-29-2022, 04:06 PM #22232Registered User
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06-29-2022, 04:13 PM #22233
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06-29-2022, 04:16 PM #22234
Your memory must just be poor. I graduated college just about 17 years ago, and was making about $50k/yr. Living large: driving a brand new BMW M3 that only cost me $15k, renting a fantastic apartment for only $400/month. Taking my future wife out to a fancy dinner only cost $20! Amazing times!
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06-29-2022, 04:41 PM #22235
17 years ago? Oh man, a long distance phone call was like .75/min. I'd hate to think of what that costs today! Don't get me started on vulcanization fees in the modern era! Have you priced Kinkos mimeographs lately?
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06-29-2022, 04:54 PM #22236
It's not fractional ownership in an HOA, it's fractional ownership of a house that is in the HOA neighborhood. Last week a Redfin listing popped up in my inbox for a fractional ownership of 45 days. Cost was around $450k. Selling 8 shares. This house is not worth $3.6 million. It's a big house, but no way is it worth more than maybe $2 million. I will see if I can find the listing and post it.
"We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch
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06-29-2022, 04:57 PM #22237
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06-29-2022, 05:03 PM #22238
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06-29-2022, 05:06 PM #22239Banned
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06-29-2022, 05:10 PM #22240
Okay, gotcha. HOA is slow to the party. Amongst other things.
Here's the listing. My bad, house is bigger than I remembered. Probably could get about $2.6-$2.8 million for it pre mortgage rate hike. Might be tough now.
https://www.pacaso.com/listings/3345...2-f91f317c2ba3
Well, Pacaso actually paid over market - No wonder the owners sold to the highest corporate bidder. Weren't we just having this discussion...
https://www.redfin.com/OR/Bend/3345-.../home/77535326"We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch
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06-29-2022, 05:22 PM #22241
Holy fuck. Pacasso got called an asshole.
I didn’t know that was possible. I mean yeah. There’s timeshares or fractional ownership in large buildings. But a random single family nice house going fractional?
That’s insane.
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06-29-2022, 05:30 PM #22242Registered User
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Interesting that the fractional price is the same as the price they paid. Assume there's owner's/management fees they are taking or there doesn't seem to be much benefit to them. For a lot of people, this type of arrangement makes sense. I know that I likely wouldn't use a vacation home much more than 7 weeks a year until I retire. This helps keep the cost more reasonable and you can still get access in nice locations. Not much different than families/friends have been doing forever. Just adding a Corp in the middle to keep things from getting personal.
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06-29-2022, 06:12 PM #22243Registered User
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Huh no.
Pick up what you want. Truck? Not x5. House? Not time 5. Eggs? Meat? definitely not x5. I have a spread sheet with every purchase I have made (from a single coffee on) since 2008 (missing 3 years to 2005 granted) and no. Nothing went x5 let alone an average of everything.
A VW passat was 25/30k in 2005. Do you think it's 125/150k now? LOL.
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06-29-2022, 06:19 PM #22244
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06-29-2022, 06:21 PM #22245Registered User
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06-29-2022, 06:22 PM #22246
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06-29-2022, 06:25 PM #22247Registered User
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ban this ban that next thing you know the place shuts down
a ski town of just core locals who get endless first tracks day after day with no lift lines and cheap passess and universal income where is this town?
sounds about right people in summit can't get out of there own way
the statements causes and shit are endless
this article takes the cake I'd be embarrased to be featured in it
but that is summit county everyone is entitled to their dream and it all has to come true without any hardships or effort
I guess all those summers living in a tent were for nothing I shud have just demanded it
https://www.summitdaily.com/news/lac...of-the-county/
feels like a fucking friday
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06-29-2022, 06:47 PM #22248Registered User
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Yeah, that article was pretty fucked.
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06-29-2022, 07:10 PM #22249
https://www.marketwatch.com/story/in...?mod=home-page..... Article today from Market Watch
what's so funny about peace, love, and understanding?
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06-29-2022, 08:41 PM #22250
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