Results 16,251 to 16,275 of 27070
Thread: Real Estate Crash thread
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07-16-2021, 04:04 PM #16251Banned
- Join Date
- May 2007
- Location
- Sandy, Utah
- Posts
- 14,410
Man I wish I had fuck you money. I sure acted like it on a few jobs in the past. Always worked out in the end I guess.
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07-16-2021, 04:07 PM #16252______
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- Aug 2020
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- 1,218
How much of it is these newer services that you use to offer cash but then they sell you the house with a conventional loan?
Anecdotally we were competing against a lot of cash or really large down payments.
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07-16-2021, 04:14 PM #16253
There's a lot of money passing down in estates right now, too. The oldest Boomer is 76, and the last Boomer is 56, so think of a lot of that money as a nice waterfall that will cascade for years. All of that locked up equity will be liquified pretty quickly if more than one sibling gets some. Bozeman, Ho! They're a little leary of Florida waterfront right now.
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07-16-2021, 06:10 PM #16254
The new house appraised at full value..doubt they even went out. Only took 5 days to complete. 15% gain since April. No problem.
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07-16-2021, 06:14 PM #16255
Benny, please tell me more about Bozeman.
I have been in this State for 30 years and I am willing to admit that I am part of the problem.
"Happiest years of my life were earning < $8.00 and hour, collecting unemployment every spring and fall, no car, no debt and no responsibilities. 1984-1990 Park City UT"
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07-16-2021, 06:38 PM #16256
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07-16-2021, 06:41 PM #16257
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07-16-2021, 07:10 PM #16258Registered User
- Join Date
- Jan 2010
- Location
- your vacation
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- 4,735
and what path is that?
I have a weekend homework assignment for benny, can you give us a run down insider perspective of the cost of living, realestate and what it takes to live in either bozemen, jackson, telluride, and scummit? throw in park city and aspen for extra credit
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07-16-2021, 07:44 PM #16259
Dude, Victor and Driggs just went into seven figures. All those other places are beyond the capabilities of mortals.
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07-16-2021, 08:48 PM #16260
I am immortal? No that's another guy. Totally.
I have been in this State for 30 years and I am willing to admit that I am part of the problem.
"Happiest years of my life were earning < $8.00 and hour, collecting unemployment every spring and fall, no car, no debt and no responsibilities. 1984-1990 Park City UT"
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07-16-2021, 09:07 PM #16261Registered User
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- Mar 2008
- Location
- northern BC
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- 31,028
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07-16-2021, 09:30 PM #16262
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07-16-2021, 10:12 PM #16263
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07-16-2021, 10:21 PM #16264
Oooh, someone needs more fiber in their diet.
I have been in this State for 30 years and I am willing to admit that I am part of the problem.
"Happiest years of my life were earning < $8.00 and hour, collecting unemployment every spring and fall, no car, no debt and no responsibilities. 1984-1990 Park City UT"
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07-16-2021, 10:24 PM #16265Banned
- Join Date
- Sep 2020
- Posts
- 626
Benny is an authority on winning in the real estate game. He has been kicking butt at this! His simple 3 point plan:
-Buy a house
-Lose the house to his ex in divorce (she gets to bang lots of guys in said house)
-Buy a condo in some shithole Connecticut town where he can post about Bozeman RE trends and fondle his Hillary sex doll.
ETA: Bless his heart.Last edited by mfcf13; 07-16-2021 at 10:53 PM.
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07-16-2021, 10:30 PM #16266
And the beat goes on.
Merde De Glace On the Freak When Ski
>>>200 cm Black Bamboo Sidewalled DPS Lotus 120 : Best Skis Ever <<<
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07-16-2021, 10:53 PM #16267Hucked to flat once
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- Oct 2005
- Location
- Idaho
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- 11,000
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07-16-2021, 10:58 PM #16268Banned
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- Sep 2020
- Posts
- 626
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07-16-2021, 11:41 PM #16269
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07-17-2021, 01:56 AM #16270
I’ve never seen more cash in Boise’s housing market than I’ve seen in the past year,” said Shauna Pendleton, a Redfin real estate agent in Idaho. “I just sold a $700,000 home to a cash buyer last week. The entire $700,000 came from his E*Trade account.”
Additionally, remote work has allowed homeowners in expensive cities including San Francisco and New York to sell their homes and move to less expensive areas, where they can often afford to buy properties in cash.
“Affluent homeowners in Seattle, Portland and parts of California are selling their homes for $1 million or $2 million,” Pendleton said. “Then they’re coming to Boise, where they’re buying houses that are twice the size for half the price.”
Investors, who often pay in cash, are wading back into the housing market after pressing pause at the onset of the pandemic. U.S. home purchases by investors rose 2.7% year over year in the first quarter, marking the first period of growth since the coronavirus pandemic began.
The rise in all-cash home purchases is posing challenges for many first-time and lower-income homebuyers, who are having trouble competing with cash offers. While competition is easing slightly, about two-thirds of home offers written by Redfin agents still face bidding wars.
“It can be difficult to compete with an all-cash offer, but prospective buyers should keep in mind that these bids don’t always turn into purchases,” Pendleton said. “Cash buyers are frequently the first to back out because they know they can compete in the market, so they easily get buyer’s remorse if they’re worried they might be overpaying for a house. That’s often good news for financed buyers because it means fewer bids to compete with.”
In Parts of Florida, More Than Half of Homes That Have Sold This Year Were Bought With Cash
In West Palm Beach, FL, 52.6% of home purchases this year were paid for with all cash. That’s the largest share of the 86 metropolitan areas in this analysis. Metros must have had at least 3,000 home sales from January 2021 through April 2021 to be included in this report.
Naples, FL came in second place, with 52.5% of home purchases so far this year using cash. It was followed by Nassau County, NY (50.2%), North Port, FL (49.4%), Port St. Lucie, FL (46.2%), Greenville, SC (45.4%), Palm Bay, FL (44.1%), Cape Coral, FL (44.1%), Des Moines, IA (41%) and Jacksonville, FL (40.1%).. . .
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07-17-2021, 03:54 AM #16271
Boomer churn.
WFHomers are not paying cash to live in Florida.
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07-17-2021, 04:42 AM #16272
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07-17-2021, 06:39 AM #16273
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07-17-2021, 07:35 AM #16274
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07-17-2021, 07:51 AM #16275Registered User
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- Oct 2007
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- 12,662
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