Real Estate Crash thread

[Buster Highmen]

If you are looking just at the equity generated by home appreciation, then yes, stocks would rise more than home value. However, if you factor in rental income, depreciation, tax advantages, hedging against inflation, etc (not to mention the whole "roof over your head" thing). Then RE can have advantages over stocks. A good portfolio will generally contain at least some RE investment.

The big plus is not dealing with wall street.

[Benny Profane]

lol

You do know that index does not include RE, right?

[Harry]

The Island looks great. If there are fish in them there waters it looks downright dreamy.

My deceased uncle bought into an Island on a beautiful lake in the ADKs in the early 80s. The home is an early 1900s cedar sided beauty with a 100 foot covered porch. There is nothing quite like the peace of being on the island, but it is a shit ton of work. Everything has to come over in the boat. From groceries to tools to propane tanks and toilet paper. And garbage has to be brought back off the island as well as the empty propane tanks. He was a workaholic professor and spent his summers completing major freaking projects, some of which included me as the free teenage labor. He had more energy and time than $$ so he was always working to keep up with mother nature. (Roofs, dock, painting, boat house, septic, mowing lawn)

If you can put a low upkeep seasonal cabin up you will have a blast. Sounds like that is what it will be limited to given being off the grid. Dont underestimate the PIA of putting every thing in the boat and then bringing it to the cabin in rainy, windy shitty weather. As people age the extra leg of the trip can wear on you.

I don't mean to piss on your island, as it looks fantastic and I would do it if I was single and did not have to make compromises with a significant other. I just wanted you to really think about the extra step for each trip to the store.

My uncle loved his place. He died of a heart attack 3 years ago after he tied up at the boathouse on the landside. He loved that lake and island. Frankly, I cannot imagine a better way to go if it was as quick as is thought. In a boat, on a lake. My cousin, who has no kids, now spends 120+ days a year there and is loving it.

A simple dock and one or two room cabin with direct TV to catch football would be awesome for me.

I hope you do it and love it!

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I just signed an offer on the island. 25 percent below asking. Waiting to hear from seller. Fingers crossed….


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[Meathelmet]

I just signed an offer on the island. 25 percent below asking. Waiting to hear from seller. Fingers crossed….


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Île-de-Harry, I like the sound of that. Congrats!

First get a hot tub, second a potato cannon. Then invite mags: Profit.

[dunfree]

Hope it’s a good cold winter so you can drive over and get what a you want done Harry

You do know that index does not include RE, right?

bunfuck, that’s shelter. This is without shelter

[Benny Profane]

Um yeah, sure is. It's like the bubble never happened!

[Harry]

I just signed an offer on the island. 25 percent below asking. Waiting to hear from seller. Fingers crossed….


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Seller counter offered 5 percent under asking. I smell blood. Time to play hardball.


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[Skidog]

Seller counter offered 5 percent under asking. I smell blood. Time to play hardball.


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split that shit and close that fucking DEAL....

good luck mag

[JayPowHound]

As a kid I did summer camp on an island in Lake Winnepesaukee NH. YMCA site, and some of the best times of my life.

The maintenance guy / caretaker was the only one living there year round.

He had a small hovercraft to use going back and forth to town during the swing seasons when ice was too much for the boat and not enough for the sleds or truck.

Just a thought if you are trying to use / access it all year.

[Core Shot]

There are some rich dentists here

But none of them own an island.

Richard Branson. Epstein wealth. You got this.

[Harry]

I just signed an offer on the island. 25 percent below asking. Waiting to hear from seller. Fingers crossed….


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Seller counter offered 5 percent under asking. I smell blood. Time to play hardball.


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I countered with 23 percent under, seller countered with 15 percent under asking. I knew it, he is weak. I’m going in for the kill...



In fastfred style, I went out to the island and got baked as fuck all afternoon. Used my smartphone to e-sign documents.






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[Iowagriz]

Cool! Ask for his boat in the last offer.

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[Benny Profane]

And his daughter.

[Tri-Ungulate]

[neufox47]

I countered with 23 percent under, seller countered with 15 percent under asking. I knew it, he is weak. I’m going in for the kill...



In fastfred style, I went out to the island and got baked as fuck all afternoon. Used my smartphone to e-sign documents.






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Sick Harry! Good luck.

I don’t often miss Wisconsin but when I do I miss up Nordth.

[TAFKALVS]

I countered with 23 percent under, seller countered with 15 percent under asking. I knew it, he is weak. I’m going in for the kill...



In fastfred style, I went out to the island and got baked as fuck all afternoon. Used my smartphone to e-sign documents.






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Stoked! I'll probably be out in a month, looking forward to checking it out.

[Core Shot]

Sick Harry! Good luck.

I don’t often miss Wisconsin but when I do I miss up Nordth.

Where is the dividing line for northern Wisconsin?
We need a thread

[Mustonen]

To be clear, it’s up nort’. And it’s only up nort’ if it’s further north than the place you live or identify with.

If you live further north than a place commonly considered up nort’ it’s a hallowed pastime to sneer at all the touristy “northern” kitsch if you ever happen to drive far enough south to see it.

[mud]

Where does upstate Wisconsin begin?

[pepperdawg]

Good Luck - agree that now that the potential exists for a hovercraft - I feel the island of Harry will require its own thread////or possibly a sub-tread of the up-state thread.

[Toadman]

Where does upstate Wisconsin begin?

It begins where the Southern half ends.

[mud]

So just below the U.P.

[tgapp]

FKNA Harry, well done!!

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[Pow4Brains]

Where does upstate Wisconsin begin?

Highway 8 is the known and accepted division of “The Northwoods”


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[4matic]

Buy the island. It’s not an investment. Have some fun. You’ve earned it.