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Thread: Real Estate Crash thread
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04-01-2020, 08:53 PM #8501"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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04-01-2020, 09:10 PM #8502
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04-01-2020, 09:24 PM #8503
Congrats on hooking a seemly very interested party. But this bit above would be just too temping to me. Dress the hounds up in costume, flip a few pics or art upside-down, have someone in the gym exercising in a bizarre way, maybe something outside in the yard just glimpsed through the picture window - what ever you can think of and have it just on the edge of the frame. And give any explanation in a deadpanned kind of way.
Best of luck with it all!
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04-01-2020, 09:46 PM #8504Funky But Chic
- Join Date
- Sep 2001
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- The Cone of Uncertainty
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- 49,306
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04-01-2020, 10:00 PM #8505
Run where?
Up to the Cape?Forum Cross Pollinator, gratuitously strident
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04-01-2020, 10:14 PM #8506
good luck ice
seeing a good amount of panic listing as well as buying where i look, as well as more competitive pricing mid-range, and a decent amount of small time portfolios unloading it all.
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04-02-2020, 08:40 AM #8507
Fair enough, I always got this vibe you were just "selling" but not really. I mean, it is a pretty cool house, I wouldn't be eager to leave.
I also can't argue with Steve Miller if they are going to give you that nut right now in the current situation. Good luck with the sale.Live Free or Die
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04-02-2020, 08:48 AM #8508Funky But Chic
- Join Date
- Sep 2001
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- The Cone of Uncertainty
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- 49,306
Yeah selling this place is a goal but not an extremely urgent one. But I've been trying to finalize this move for over 2 years and shit keeps happening. The first time we tried to sell it the China tarriffs went into effect like a week later and there was a lot of uncertainty in real estate and the stock market dropped like 10% or more. This time it's coronavirus and all that it entails.
I'm afraid to take it off the market and try again later, who knows wtf would happen then but I would have to believe it would include zombies.
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04-02-2020, 09:23 AM #8509
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04-02-2020, 09:41 AM #8510
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04-02-2020, 10:00 AM #8511
Real Estate Crash thread
Triple breasted suit if it’s during the daytime, velour tux for the evening. Good luck ice.
Meanwhile in Boston, pent up demand has attractive listings going under contract with multiple bidders at around asking price. And sellers that are still thinking they should be getting over asking.Last edited by Self Jupiter; 04-02-2020 at 09:12 PM.
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04-02-2020, 10:13 AM #8512
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04-02-2020, 10:25 AM #8513
another vote for a monocle. With tux and tails, if possible.
"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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04-02-2020, 10:35 AM #8514Registered User
- Join Date
- Aug 2007
- Location
- United States of Aburdistan
- Posts
- 7,281
Post a link to the livestream, I think we all want to watch and comment on FB as it happens please.
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04-02-2020, 03:14 PM #8515
How high are you going to be? There is just one correct answer here.
P.S. the house is rad as fuck, not surprised people want it.
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04-02-2020, 03:20 PM #8516
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04-02-2020, 05:10 PM #8517
O and more good news
Borrowers who lost income from the coronavirus, which is already a skyrocketing number as the 10 million new jobless claims in the past two weeks attests, can ask to skip payments for as many as 180 days at a time on federally backed mortgages, and avoid penalties and a hit to their credit scores. But as Bloomberg notes, it’s not a payment holiday and eventually homeowners they’ll have to make it all up.
According to estimates by Moody's Analytics chief economist Mark Zandi, as many as 30% of Americans with home loans – about 15 million households – could stop paying if the U.S. economy remains closed through the summer or beyond.
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04-02-2020, 05:42 PM #8518
I have a listing and a buyer agent was asking a bunch of questions. While her buyers had been pre-approved a month ago, they were informed today that they no longer are. They are both employed, but the lender would not pre-approve now because they could lose their jobs. Crazy times..
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04-02-2020, 06:00 PM #8519
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04-02-2020, 06:06 PM #8520
Yep, and loans are definitely making it all the way to signing only to die before funding. Not super common right now, but will keep happening for a bit. Wells just pulled out of jumbo for correspondent lenders. Not a surprise but a big deal and a sign of the times.
Things are going to get worse before they get better and not just because zerohedge says so.
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04-02-2020, 06:09 PM #8521
Investors are changing guidelines, removing programs and generally fucking up the market like I have never seen before. I saw one investor say how they were going to pay for all the appraisals of loans in the pipeline they could no longer fund. In 36 years, I have never seen anything like this mess we are in. Got my first ever EPO today Matt.
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04-02-2020, 06:11 PM #8522
How long until I can buy a 4b/3b house on Donner Lake in Tahoe for $300k?
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04-02-2020, 06:15 PM #8523
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04-02-2020, 06:19 PM #8524
Real Estate Crash thread
I was told that a biggish mortgage originator with prime CO RE loans had to PAY to sell on their last bundle.
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04-02-2020, 07:07 PM #8525
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