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Thread: Real Estate Crash thread
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03-25-2020, 09:49 PM #8351
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03-25-2020, 09:56 PM #8352Registered User
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- Oct 2007
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- 12,672
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03-25-2020, 10:08 PM #8353
I'm not talking 2008. I'm talking 1929. Or, at least, 1990.
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03-25-2020, 10:09 PM #8354
I have (4) 36 acre parcels listed up in Nederland, meeting a new buyer tomorrow and another serious inquiry yesterday. Remote but accessible land could be wildly popular when everyone is allowed to leave the cities. One still employed buyer looking for a house but nothing available. Other Boulder buyers on hold for various reasons.
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03-26-2020, 08:41 AM #8355
I hear ya bro. My hope is there are anti virals that will roll out in the next few months, that will make the symptoms a lot less intense for those who get sickest now. With that, people will have to get back to work while the old stay away from everyone. If this goes on for 3 months, the economy and so many people are fucked.
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03-26-2020, 08:42 AM #8356
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03-26-2020, 09:17 AM #8357
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03-26-2020, 09:21 AM #8358
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03-26-2020, 09:29 AM #8359Registered User
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- Nov 2003
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- 8,368
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03-26-2020, 09:42 AM #8360
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03-26-2020, 09:56 AM #8361User
- Join Date
- Oct 2003
- Location
- Ogden
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- 9,161
My recent earnest money was 3%.
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03-26-2020, 09:58 AM #8362
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03-26-2020, 10:18 AM #8363
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03-26-2020, 10:35 AM #8364
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03-26-2020, 10:44 AM #8365
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03-26-2020, 10:45 AM #8366
Real Estate Crash thread
If you present an offer lower than 15k / 20k EM around my area you should expected the seller to counter and raise you there. Or more importantly to avoid, pass you over in a multiple offer situation.
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03-26-2020, 10:51 AM #8367
Some helpful news today: FNMA & FHLMC announced they will accept a drive by appraisal if the appraiser refuses to enter a property and the escrow/title company I use announced their notaries will go to the clients home and call the client to get the loan docs off the front porch to sign. They will remain on the phone to answer questions until the signed docs are put back on the porch. The clients will then show the notary their drivers license through a window and it is done.
Fucking amazing times, but mortgage business chugs along.
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03-26-2020, 10:54 AM #8368
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03-26-2020, 10:56 AM #8369
The business of business must not stop!
More anecdotal RE stuff; house up the street that has been on and off the market the past year, FSBO listing just dropped their price by $25k. I don't think that's going to do anything given the current environment."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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03-26-2020, 10:58 AM #8370
people who are buying in first half of 20/20 will regret it
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03-26-2020, 11:00 AM #8371
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03-26-2020, 11:04 AM #8372
Economy is humming. Didn’t you see the spike in stocks. Autographs to finish the week..
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03-26-2020, 11:29 AM #8373"fuck off you asshat gaper shit for brains fucktard wanker." - Jesus Christ
"She was tossing her bean salad with the vigor of a Drunken Pop princess so I walked out of the corner and said.... "need a hand?"" - Odin
"everybody's got their hooks into you, fuck em....forge on motherfuckers, drag all those bitches across the goal line with you." - (not so) ill-advised strategy
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03-26-2020, 11:33 AM #8374
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03-26-2020, 11:37 AM #8375
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