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Thread: Real Estate Crash thread
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04-21-2021, 09:00 PM #13251
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04-21-2021, 09:12 PM #13252Registered User
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- Apr 2021
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- 2,839
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04-21-2021, 10:56 PM #13253
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04-22-2021, 05:31 AM #13254
In simple terms, most water districts have not figured out how to monetize conservation. They need water consumption to pay the bills. The small district for which I'm treasurer does a bit better. We allow 25K gallons per residence per quarter at a flat fee. But for reference, my house (family of 2) used 2K and we don't do anything special to conserve. We have AirBnBs than can use up to 1K a day (I think). Activity like 20 showers per day etc.
Hopefully, we are going to go, as a County, on restrictions this summer. Our drought plan calls for terminating irrigation rights for backyard grass and increasing our overage fees. People will bitch. We will see what Denver Water and Northern do down in the front range.
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04-22-2021, 05:36 AM #13255
In other news, I believe this in the last hurdle for Chimney Hollow https://coloradosun.com/2021/04/21/c...nd-settlement/
The way I understand it, the large front range water diverters have plenty of water rights from way back. They just need more buckets and tunnels to take the water. Currently, they don't get to divert all the water they own because of infrastructure limitations.
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04-22-2021, 05:52 AM #13256"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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04-22-2021, 06:00 AM #13257
It is part of the Colorado River Drought Contingency Plan. Basically, once the owners of the water agree to collectively restrict usage, the homeowners of a water district don't have much recourse. They don't have any water rights legally speaking, the district does...or at least that's how the Water Buffalo explained it.
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04-22-2021, 07:57 AM #13258
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04-22-2021, 08:03 AM #13259
Yeah, I've definitely seen water restrictions here in the past and I wouldn't be surprised to see them this summer given the extremely dry summer in '20 and sitting at like 70% snowpack currently. Already heard of some wells getting dry last month. Need a big monsoon this summer.
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04-22-2021, 08:39 AM #13260
Well, it's a start toward reality. Maybe another half million dollar price drop and they might get some offers.
https://www.redfin.com/OR/Bend/63270...9udW1iZXI9MA=="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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04-22-2021, 08:41 AM #13261
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04-22-2021, 08:51 AM #13262
The median sale price of an existing home in the U.S. was $313,000 in February, up nearly 16 percent from a year earlier, when a 3 to 5 percent annual increase is considered healthy.
Nationwide, housing inventory was at a record-low 1.03 million units at the end of February, down 29.5 percent from a year earlier, a record decline.
Homes sold in an average of 20 days, a record speed, when 60 days is typical.
https://www.nytimes.com/2021/04/22/r...smid=url-share
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04-22-2021, 08:51 AM #13263"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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04-22-2021, 08:58 AM #13264
Just talked to a co-worker who is based in Boise. He moved from Central CA. They are renting while they have a home built. There cost when done will be about $560k for a 2000 sq ft home. The builder said he would buy them out. Buddy said, thanks but no. They could probably sell it for over $700k, maybe even $750k. Houses a year ago in their neighborhood where their house is being built were going for about $500k.
"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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04-22-2021, 09:04 AM #13265
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04-22-2021, 09:56 AM #13266
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04-22-2021, 10:11 AM #13267one of those sickos
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This could be my neighborhood as well. When I bought my foreclosure house in 2013 the 3/2 ~1800sf houses here were going for around $300-350k. The last few remaining vacant lots are now being built on (specs, around 2500sf) and they are going for $900k+. On one of them they just raised the price (again) by $20k because why not?
Look at this lunacy.ride bikes, climb, ski, travel, cook, work to fund former, repeat.
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04-22-2021, 10:29 AM #13268Registered User
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was in boise 20 something years ago and didn't know what the appeal was then
can't imagine it being any different than denver an over hyped mid west city built on a grid pattern?
and the lack of water is all made up if it was a seriously problem why does everyone have irrigated turf grass? blows my mind absolutely stupid in a place like vegas or the front range even stupider that people are putting in irrigated "lawns" at 9,000 ft where I live wtf????? ain't natural and there is no reason for it
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04-22-2021, 10:32 AM #13269
Or it isn't made up, but rich assholes think it's someone else's problem.
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04-22-2021, 10:36 AM #13270
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04-22-2021, 11:27 AM #13271
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04-22-2021, 11:28 AM #13272
At one point Boise was a nice, mellow, low key, low cost place to raise a family. My brother came close to pulling the trigger to move their for a job in the banking industry about 20 years ago. I think he regrets staying in Portland and not moving.
In terms of water irrigation of those big lawns, it looks like Vegas is trying to get away from that. Better late than never, but it is not a big enough step, IMO.
https://www.foxbusiness.com/lifestyl...ss-grass-water
Las Vegas went a record 240 days without measurable rainfall last year. Water officials in the dry region, according to reports, are now asking the Nevada Legislature for a first-in-the-nation policy banning grass that nobody walks on.
The Southern Nevada Water Authority estimates there are almost 8 square miles of "nonfunctional turf" in the metro area – grass that no one ever walks on or otherwise uses in street medians, housing developments and office parks.
They say this ornamental grass requires four times as much water as drought-tolerant landscaping like cactus and other succulents. By ripping it out, they estimate the region can reduce annual water consumption by roughly 15% and save about 14 gallons per person per day."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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04-22-2021, 11:31 AM #13273
Lack of water in the west is a great problem, it's job security for me!
"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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04-22-2021, 11:34 AM #13274
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04-22-2021, 11:40 AM #13275"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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