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Thread: Real Estate Crash thread
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07-31-2021, 08:37 PM #16826Registered User
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07-31-2021, 10:47 PM #16827
More Zillow bullshit, their rental ‘zestimate’ for the houses on our block in JH is $12,500 a month.
OK.
We do not have a ‘fancy’ house.Last edited by rideit; 08-01-2021 at 10:05 AM.
Forum Cross Pollinator, gratuitously strident
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08-01-2021, 08:51 AM #16828
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08-01-2021, 10:20 AM #16829
I think this depends on where you are moving. Seattle and Portland markets have had much smaller dips than other places (see chart comparing Seattle, Portland, San Francisco, and the most volatile markets in the West-Phoenix and Las Vegas). Bellingham seems to mirror what is going on in Seattle much more than say, Bend to Portland, because Bellingham is only 1.5 hours from Seattle and all the cool kids in Seattle want to move there. So don't expect a major dip anytime soon in Bellingham.
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08-01-2021, 11:56 AM #16830Registered User
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Yeah, the plan is to sell in PDX and move to Bellingham. We had been planning to sell our Portland house next month and then rent in Bellingham until we find something we like, but if I assume another hot year in the RE market, the idea of being on the sidelines while prices go up another X% in Bellingham is not appealing. Now thinking we're just going to stay in Portland until we can actually buy in Bellingham.
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08-01-2021, 12:22 PM #16831
Everyone I know who has made the move from Seattle to Bellingham is loaded. Some were able to keep their Seattle house, rent it out, and move to Bellingham. My good friend kept his Seattle area engineering manager job (and salary), works from home three days a week, and wakes up at 3 am to drive into Seattle from Bellingham two days a week. He has a co-worker who commutes from Canada. Bellingham might have the highest cost-real estate relative to what the regular jobs in the area pay of anywhere in the US. If any medium-size city can pass Bozeman on % growth in the next 30 years, it will be Bellingham. It's not as well known to East Coasters as Bozeman but there is a major pipeline from Seattle to Bellingham (think of what Bend would be like if it was only 1.5 hours from Portland).
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08-01-2021, 12:40 PM #16832
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08-01-2021, 01:59 PM #16833
Truth. A friend who was a recent east coast transplant and I were going for a beer, and looking around downtown he opined, "there sure are a lots of people here that don't seem to have to work"
The one thing standing in the way of that is that city hall is anti-sprawl. It's infill, or forget it. The spillover effect is that Ferntucky, and the Skagit Valley are growing instead (when it comes to entry-to-mid-priced SFHs). But I suppose it's only a matter of time before all of the I5 corridor is developed as one giant tentacle of Seattle.
Plus the never ending stream of the newly retired. That's what I was getting at with my demographics post above. Years ago, someone declared this town to be one of the best places to retire and the graying of Bellingham began. And it makes sense because there are very few good jobs in this town if you aren't in medicine or academia.
It's their money (whether it's for them or their adult children) vs the WFM middle demo that pushes the bidding wars skyward.
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08-01-2021, 02:31 PM #16834
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08-01-2021, 03:43 PM #16835
I guess Billings is where it's at. Sounds like Bozeman is played out already.
https://www.yahoo.com/news/great-res...105053530.html"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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08-01-2021, 04:47 PM #16836
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08-01-2021, 09:39 PM #16837
Chinook !
Sent from my iPad using TGR Forums"Zee damn fat skis are ruining zee piste !" -Oscar Schevlin
"Hike up your skirt and grow a dick you fucking crybaby" -what Bunion said to Harry at the top of The Headwaters
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08-01-2021, 09:44 PM #16838
Browning FTW
Merde De Glace On the Freak When Ski
>>>200 cm Black Bamboo Sidewalled DPS Lotus 120 : Best Skis Ever <<<
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08-01-2021, 09:57 PM #16839Registered User
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08-01-2021, 10:48 PM #16840
Highest inventory in my former hood in a couple years.
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08-02-2021, 12:14 AM #16841
Anaconda
Forum Cross Pollinator, gratuitously strident
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08-02-2021, 12:37 AM #16842Registered User
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08-02-2021, 08:05 AM #16843
Haha. We should totally start a fake campaign to dupe clueless West coasters into moving to places like that, as we were talking about with Limon and Kit Carson, CO.
Only problem with Browning is that it DOES at least have good access to the Glacier area, so we need to send these foos somewhere even more remote.
...like Plentywood, Montana.
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08-02-2021, 08:24 AM #16844
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08-02-2021, 08:26 AM #16845
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08-02-2021, 08:27 AM #16846
All the douchy conservatives are leaving CA for Texas, Idaho and other meccas of "personal freedom and cheap gas" . Guess their mantra of self relience and "pulling yourself up by the bootstraps" rings as hollow as the rest of their party platform
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08-02-2021, 08:28 AM #16847
Seen about 50 of these in Jackson this summer.
I can’t imagine that car is large enough for their ego to fit inside.
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08-02-2021, 08:31 AM #16848
people Venmo them money to go back to California? Novel extortion scheme.
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08-02-2021, 08:38 AM #16849
The Venmo account info? Must be a millennial thing. Does anybody actually send money to these shmos? The hashtag was the icing on the douchebag cake. Again, not gonna make any friends if you announce on your car a message you're moving from California to TX, MT, ID, WY, anywhere really.
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08-02-2021, 08:47 AM #16850
Yup, usually there is an instagram hashtag along with it like people give a shit you went camping.
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