Results 19,451 to 19,475 of 27099
Thread: Real Estate Crash thread
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01-21-2022, 02:27 PM #19451Registered User
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01-21-2022, 03:16 PM #19452
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01-21-2022, 03:22 PM #19453
Where's Benny to come in and claim that the high prices in the Mountain West is because of the high compensation of California public employees? They're buying all our homes with their fat pensions!
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01-21-2022, 04:19 PM #19454
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01-21-2022, 05:03 PM #19455
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01-21-2022, 05:22 PM #19456Registered User
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Seems like there's an opportunity for other countries to woo our wealthy Calpers retirees and other trust fund dentist types. Old houses in Japan are available for a song, tens of thousands and up. I've seen decent houses in Hokkaido near skiing under $200k. And I keep seeing articles about how rural European towns are struggling to keep up their populations.
No idea if it'll pan out, but I've been chatting with some friends about each of us buying a house somewhere cool - guy who married a Spanish woman can build a house on his inlaws property in Spain, etc. and then house swapping every 3-4 months or so. I mean, while a $600k teardown in Bellingham seems pretty epic, living near the beach in Spain might not be too bad either.
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01-21-2022, 05:48 PM #19457
It's the reverse situation where the rich developers control the local gov't. Then it's urban sprawl and rezoning to accommodate the builders. I guess that's a good thing, except all the developers are doing is building million dollar homes to maximize profits. I mean it's not cheap when you have to pay a general laborer $26/hr and the trades pros get 5 times that. Not that I would know anything about that....
"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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01-21-2022, 05:52 PM #19458
Well, if you are young (under 40), then Italy is calling.
https://www.cnn.com/travel/article/i...cmd/index.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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01-21-2022, 06:23 PM #19459Registered User
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01-21-2022, 08:39 PM #19460
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01-21-2022, 08:58 PM #19461
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01-21-2022, 09:11 PM #19462man of ice
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Word on the street is Benny will consider offers.
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01-22-2022, 09:12 AM #19463
Especially if she makes fresh pasta.
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01-23-2022, 06:37 AM #19464"When the child was a child it waited patiently for the first snow and it still does"- Van "The Man" Morrison
"I find I have already had my reward, in the doing of the thing" - Buzz Holmstrom
"THIS IS WHAT WE DO"-AML -ski on in eternal peace
"I have posted in here but haven't read it carefully with my trusty PoliAsshat antenna on."-DipshitDanno
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01-23-2022, 12:20 PM #19465
ID has real strict laws about Government budgets increasing per year, usually capped at 3%. Thus to give COLA's just at the rate of inflation they have to rob from elsewhere in the budget. It's why cities in the treasure valley put building moratoriums into place during the height of the pandemic, population growth was insane but with limitations on budget growth services can't come close to keeping up.
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01-23-2022, 02:02 PM #19466
And, ironically, it's the taxpayers of coastal states and cities that are funding the incredible inflation of housing in low tax resort states. Not only relatively wealthy California public workers with COLA enhanced pensions at an early age and inflated cash outs from expensive RE markets, but Illinois and NY metro cops, fireman, and public funded cube dwellers. I'm convinced that's why Florida RE is so pricey, too.
https://www.nj.com/data/2022/01/the-...-policing.html
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01-24-2022, 04:22 PM #19467
A home I was eyeing even before it went up for sale recently closed at 200k over ask. Great neighborhood, great yard, and great bones but dated. Brutal market out there for buyers.
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01-24-2022, 04:25 PM #19468
Where?
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01-24-2022, 04:42 PM #19469Registered User
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$1.5 M in Bellingham gets you a spec house with a rendering created in MS Paint
https://www.redfin.com/WA/Bellingham.../home/15810508
As a gamer, this may be more offensive than the $600k meth shack
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01-24-2022, 05:11 PM #19470
@Benny Portland, ME
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01-24-2022, 06:09 PM #19471
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01-24-2022, 06:25 PM #19472Registered User
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01-24-2022, 06:53 PM #19473
Christ, has any of those shoppers lived through a Portland winter?
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01-24-2022, 07:04 PM #19474
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01-24-2022, 07:08 PM #19475
West End. 1900s brick place with a yard, a garage, and some ivy. Ran across it last year on a virtual walk around the neighborhood when the house around the corner was for sale. If I recall correctly the other house was comparable in size without the yard and sold for less than half of this one.
I've been planning to move north for a year now but timing got shuffled for myriad reasons. Had a 'where the fuck do I want to live' tour lined up from Newport to Portland at the end of December but covfefe pushed it out.
Anything you can do to get the word out that Portland sucks to drive prices back down is appreciated. TIA.
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