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  1. #20251
    Join Date
    Oct 2005
    Location
    Idaho
    Posts
    10,953
    Quote Originally Posted by liv2ski View Post
    Wow! A 100 acres would be nice, but that is a lot of money.
    Not if you tug on your bootstraps and work hard.

  2. #20252
    Join Date
    Jan 2006
    Posts
    1,572
    Quote Originally Posted by Kinnikinnick View Post
    You guys wanna see crazy increase in value?

    Looked at this on paper for a client when it was listed a couple years ago. Sold for $2.5 M

    Zillow now thinks $6.5M

    https://www.zillow.com/homedetails/6...ource=txtshare


    Sent from my iPhone using TGR Forums
    That's a lot of house to power "off the grid".

  3. #20253
    Join Date
    Dec 2016
    Location
    In a van... down by the river
    Posts
    13,652
    Quote Originally Posted by Kinnikinnick View Post
    You guys wanna see crazy increase in value?

    Looked at this on paper for a client when it was listed a couple years ago. Sold for $2.5 M

    Zillow now thinks $6.5M

    https://www.zillow.com/homedetails/6...ource=txtshare


    Sent from my iPhone using TGR Forums
    Whoa.

    That place is fucking *hideous*...

  4. #20254
    Join Date
    Oct 2008
    Location
    Colorado
    Posts
    5,517
    Quote Originally Posted by liv2ski View Post
    Wow! A 100 acres would be nice, but that is a lot of money.
    Backs on to national forest. Near Aspen.


    Sent from my iPhone using TGR Forums
    Quote Originally Posted by Benny Profane View Post
    Keystone is fucking lame. But, deadly.

  5. #20255
    Join Date
    Oct 2008
    Location
    Colorado
    Posts
    5,517
    Quote Originally Posted by skaredshtles View Post
    Whoa.

    That place is fucking *hideous*...
    Yeah. How someone thought that was worth building there in God’s beauty…




    Sent from my iPhone using TGR Forums
    Quote Originally Posted by Benny Profane View Post
    Keystone is fucking lame. But, deadly.

  6. #20256
    Join Date
    May 2006
    Location
    Colorado
    Posts
    2,071
    Quote Originally Posted by skaredshtles View Post
    Whoa.

    That place is fucking *hideous*...
    ooofaah that roof line

  7. #20257
    Join Date
    Oct 2003
    Location
    Seattle
    Posts
    27,308
    Quote Originally Posted by skaredshtles View Post
    Whoa.

    That place is fucking *hideous*...
    Far from the worst I've seen, but does miss the mark. Seems like they weren't sure whether they wanted it to look like an English manor or something more modern and got stuck somewhere in between.

  8. #20258
    Join Date
    Dec 2009
    Location
    The Mayonnaisium
    Posts
    10,467
    It's like someone had their Monopoly houses and apartments on the same property and decided that was a good look. That said, I don't mind it at all. I think my standards are in the shitter after looking for so long.

  9. #20259
    Join Date
    Dec 2016
    Location
    In a van... down by the river
    Posts
    13,652
    Quote Originally Posted by CarlMega View Post
    ooofaah that roof line
    Srsly.


  10. #20260
    Join Date
    Feb 2007
    Location
    righthere/rightnow
    Posts
    3,165
    It was built in 2008 but looks like something from the suburban 90's.
    Waste of views in that place.

  11. #20261
    Join Date
    Dec 2016
    Location
    In a van... down by the river
    Posts
    13,652
    Quote Originally Posted by The AD View Post
    Far from the worst I've seen, but does miss the mark. Seems like they weren't sure whether they wanted it to look like an English manor or something more modern and got stuck somewhere in between.
    I do like the dry, weedy... courtyard?

    Name:  snowmass-house1.jpg
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  12. #20262
    Join Date
    Aug 2007
    Location
    At the beach
    Posts
    19,067
    Quote Originally Posted by babybear View Post
    I think you are both right- @yeaman and liv2ski
    Housing/ Real estate is cyclical but the cycles were extremely disrupted by covid so it's somewhat new territory.
    But things will slow down at some point and when it does, it will appear to be a huge drop bc of the huge growth it's compared against
    covid upended interest rates, large swaths of people's behavior, govt moratoriums on rents, guaranteed income for a short period. All big if not somewhat unprecedented disruptors
    I have no answers but definitely think about it a lot lol.

    Entering into 2020, the nation already didn’t have enough homes built to satisfy millennials who were entering into their peak first-time homebuying years. Then the COVID-19 crisis struck. The ensuing record-low mortgage rates and flexible work from home policies—which allowed buyers to expand their home search further into the burbs—only attracted more buyers into an already tight and competitive market. Simply put: The pandemic created a perfect storm in the housing market.

    But the historic run on prices could soon begin to wind down. At least that’s according to CoreLogic’s latest forecast. Between December 2020 and December 2021, the S&P CoreLogic Case-Shiller index finds U.S. home prices rose 18.8%—which is more than four times as great as the nation’s average annual rate (4.2%) posted since 1989. Going forward, CoreLogic says we should expect home price growth closer to the historical average. Between December 2021 and December 2022, CoreLogic forecasts home prices will rise 3.5%.

    Already, we’re starting to see home prices decelerate a bit. Between August 2020 and August 2021, U.S. home prices climbed a record 20%. But over the following four months that 12-month growth rate has decelerated to 18.8%, as of December.

    https://finance.yahoo.com/news/red-h...103350569.html
    Quote Originally Posted by leroy jenkins View Post
    I think you'd have an easier time understanding people if you remembered that 80% of them are fucking morons.
    That is why I like dogs, more than most people.

  13. #20263
    Join Date
    Dec 2004
    Location
    Where the sheets have no stains
    Posts
    22,069
    Quote Originally Posted by Conundrum View Post
    Not if you tug on your bootstraps and work hard.
    And get some room-mates?
    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"

  14. #20264
    Join Date
    Oct 2003
    Location
    Looking down
    Posts
    50,491
    Nornalization will happen when the Boomers finally depart, which is at least a decade.

  15. #20265
    Join Date
    Dec 2002
    Location
    cow hampshire
    Posts
    8,298
    Quote Originally Posted by sirbumpsalot View Post
    I am personally watching people in my circle of family/friends doing it today. You think perhaps you might be apathetic or hang with the wrong crowd? Misery loves company as they say, break out of your mold!

    Instead of taking personal shots behind the firewall, take sound advice and be productive.
    I'm laughing. You have no idea of my financial situation. I'm speaking for the masses here. The home price to median household income is fucked and if you don't think so, then I stand by my statement. And I'll say it to your face and you can disagree, but you'd be wrong.

  16. #20266
    Join Date
    Aug 2006
    Posts
    7,919
    I wish I could find the article (it was dated sometime last fall), but based on prevailing wages/mortgage rates at the time supposedly 2005-2006 was peak unaffordability. I suspect the recent runup in rates since then has changed that calculus.

    A 300k mortgage is almost 40% more expensive now than compared to spring 2021 in terms of monthly payment. That's a big hit for the middle class to swallow.
    Live Free or Die

  17. #20267
    Join Date
    Oct 2003
    Location
    Seattle
    Posts
    27,308
    Quote Originally Posted by AdironRider View Post
    A 300k mortgage is almost 40% more expensive now than compared to spring 2021 in terms of monthly payment. That's a big hit for the middle class to swallow.
    Something doesn't seem right about that math.

    I plugged it into a mortgage calculator and it would have been around $1225 at the lowest interest rate and about $1500 now. That's 22% more.

  18. #20268
    Join Date
    Mar 2006
    Location
    Beaverton, OR
    Posts
    1,337
    Quote Originally Posted by jackstraw View Post
    I'm laughing. You have no idea of my financial situation. I'm speaking for the masses here. The home price to median household income is fucked and if you don't think so, then I stand by my statement. And I'll say it to your face and you can disagree, but you'd be wrong.
    Oh I am sure the masses thank you for advocating for them. Good luck in your endeavor and have a nice day.

  19. #20269
    Join Date
    Aug 2006
    Posts
    7,919
    Quote Originally Posted by The AD View Post
    Something doesn't seem right about that math.
    Mortgage rate hit their lowest at just about under 2.7% on average in spring 21, and are currently averaging just under 4. There's a lot of specificity in terms of tax rates/ escrow, points buying and the like in terms of what it looks like for someone borrowing 300k in a specific location, but overall its pretty damn close as a general statement.
    Live Free or Die

  20. #20270
    Join Date
    Oct 2003
    Location
    Seattle
    Posts
    27,308
    Quote Originally Posted by AdironRider View Post
    Mortgage rate hit their lowest at just about under 2.7% on average in spring 21, and are currently averaging just under 4.
    Run the numbers. 2.7% for a 30 year $300,000 mortgage gives a monthly payment of $1,217. At 4% the number is $1,432. That's less than an 18% increase. Not to say that's insignificant. It's still an extra $200+ per month.

  21. #20271
    Join Date
    Mar 2006
    Location
    Beaverton, OR
    Posts
    1,337
    Quote Originally Posted by AdironRider View Post
    I wish I could find the article (it was dated sometime last fall), but based on prevailing wages/mortgage rates at the time supposedly 2005-2006 was peak unaffordability. I suspect the recent runup in rates since then has changed that calculus.

    A 300k mortgage is almost 40% more expensive now than compared to spring 2021 in terms of monthly payment. That's a big hit for the middle class to swallow.
    Probably not the same article....but I speculate that he is perhaps using the same data:

    https://blog.firstam.com/economics/t...sing-boom-peak

  22. #20272
    Join Date
    Oct 2015
    Posts
    2,848
    Quote Originally Posted by AdironRider View Post
    Mortgage rate hit their lowest at just about under 2.7% on average in spring 21, and are currently averaging just under 4. There's a lot of specificity in terms of tax rates/ escrow, points buying and the like in terms of what it looks like for someone borrowing 300k in a specific location, but overall its pretty damn close as a general statement.
    Not really. You are only considering the interest portion of the payment. The principal paydown is not going to change.

  23. #20273
    Join Date
    Oct 2003
    Location
    Looking down
    Posts
    50,491
    Well, for the first ten years, it's mostly interest.

  24. #20274
    Join Date
    Aug 2006
    Posts
    7,919
    Quote Originally Posted by alias_rice View Post
    Not really. You are only considering the interest portion of the payment. The principal paydown is not going to change.
    Exactly. It's 40% more expensive to borrow the same amount. Principal reductions are equal regardless.
    Live Free or Die

  25. #20275
    Join Date
    Mar 2008
    Location
    the ham
    Posts
    13,370
    Quote Originally Posted by Mazderati View Post
    It's like someone had their Monopoly houses and apartments on the same property and decided that was a good look.
    I had the exact same thought. And the player was a child.

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