Real Estate Crash thread

[AdironRider]

I really think people overstate just how "easy" life was for prior generations in a lot of ways.

[Conundrum]

If you can't beat 'em, join 'em.

[Foggy_Goggles]

They're called choices. We all have more options than we are generally willing to consider. One of which is that will can fucking move. Despite the fact that I'm not a fan of some of the changes around here, its the best option for me right now.

[fastfred]

What's this thred about?

Here I am today being a remote wfh worker in a place that is the butt of all jokes for every wanna be pretenda colorado local life is good as usual

But I'd shoot my eye out before moving away from the Intermountain west

And I'm reading Cadillac desert right now and its pretty disturbing

The take away is Vegas Phoenix salt lake denver and everyone else should pack their bags and gtfo not to mention southern California meanwhile I'm listening to this chick talk about how much oil and gas they can suck out of the ground in Iraq w out getting lynched by the kurds what a world we live in

[yeahman]

If somebody who lives in another state is claiming you as a dependent, you will not get in-state tuition these days.

[Supermoon]

But to bring it back to real estate, I know a bunch of 20 somethings living in places like Des Moines, Grand Junction, Laramie and so on that have purchased real estate, have good jobs and are generally enjoying life.

Honestly if you want to just have a job, come home to a nice-ish place in the suburbs, occasionally go to a local brewery for an IPA and a burger, then hit the links with the boys on Saturday, almost every middle-sized town in America has that right now.

[alpinevibes]

Edit - I'm also curious about these people just moving to another state for residency. Are they getting a enrollment deferment or are they just banking on the fact that they will get into their selected institution?

Gap year seems like a good idea to me as someone who took a gap decade between degrees and found the second round much more fulfilling.

My wife (then GF) got a deferment from CU for her grad program when she was 21. We lived in Breck for a year while she emancipated herself from her parents and was able to establish CO residency for the 2nd semester of her 3yr grad program. Saved a ton. The emancipation took some effort, but the year off also gave her a different perspective and attitude from having spent a small amount of time as a semi-adult. The kids rolling into her program, 2-3 weeks after graduating undergrad had a strange, earnest energy.

[mcphee]

I’d like to how many people who live in paradise that don’t even use or appreciate the paradise. The ones who party, watch sports, play video games, and hang out in bars as their hobbies. Kick those fuckers over to the Midwest.

[Danno]

Super interesting* seeing the it's too crowded / people won't stop moving here / this place is changing / can you believe that guy didn't say hi to me camp evangelize the benefits of mobility.



*Not really.

The bootstrap crowd complaining about all the people who either don't have to or don't want to bootstrap like they did.

Kids these days.

[mcphee]

I really think people overstate just how "easy" life was for prior generations in a lot of ways.

tell us more stories grandpa

[J. Barron DeJong]

tell us more stories grandpa

I honestly couldn’t care less if life was easier or harder a few decades ago. If we can do things to make peoples lives better today, then we should do them.

[altasnob]

I’d like to how many people who live in paradise that don’t even use or appreciate the paradise. The ones who party, watch sports, play video games, and hang out in bars as their hobbies. Kick those fuckers over to the Midwest.

In college in CO nearly everyone who was in to mountain sports was out of state while the born and raised CO kids were mainly into the Broncos and city stuff. I know several people here born and raised in Bozeman and Sun Valley who never venture into the mountains. The pendulum swings back and forth. These mountain towns are filled with go getter, driven, Eastcoasters and Midwesterners. The people who grew up out West are generally more lazy.

[skaredshtles]

In college in CO nearly everyone who was in to mountain sports was out of state while the born and raised CO kids were mainly into the Broncos and city stuff. I know several people here born and raised in Bozeman and Sun Valley who never venture into the mountains. The pendulum swings back and forth. These mountain towns are filled with go getter, driven, Eastcoasters and Midwesterners. The people who grew up out West are generally more lazy.

I didn't grow up out west, but I'm "generally more lazy."

[californiagrown]

The bootstrap crowd complaining about all the people who either don't have to or don't want to bootstrap like they did.

Kids these days.

If you dont have to bootstrap, good for you to win that lottery (whether youre born with immense talent or immense wealth). If you dont want to pull hard on those bootstraps, then maybe lower your expectations for what you expect out of this life. We would all benefit from being happy at less than ideal. If you dont have immense talent/wealth, but want the ideal, then get used to working harder and smarter than the next guy/gal.


For folks with kids in college there is a pretty basic "trick" to making it more affordable. Mass canvassing of scholarship applications. I spent the final week or two of my summer and winter breaks just mass applying to scholarships from my college, city, county, state, wherever. Didnt matter if i qualified academically or it was for the right major. Didnt matter if it was for $100/semester. Didnt matter i applied. At one point my senior year i held like 15 scholarships, most were small $100-500/semester, and a small handful i technically didnt qualify for. I found that no one really mass applies for scholarships and that some must go unawarded every year- I assume because people think only the larger scholarships are worth their time to apply for, but those little ones and ones with odd qualifications are easier to get awarded. Over 4 years they add up.

[sirbumpsalot]

Fuel to the fire of this tangented forum:

https://www.youtube.com/watch?v=S46iJIk3t70

[Danno]

Man, this forum has gotten old. Boomers, boomers everywhere.

[Name Redacted]

Labels vs labels. Tribalism. All that crap. Step away from the computer and take your kids with you boys. Mail your kids off to a foreign land. Please. Maybe theyll stay there.

[Hott Butt Mud]

I’d like to how many people who live in paradise that don’t even use or appreciate the paradise. The ones who party, watch sports, play video games, and hang out in bars as their hobbies. Kick those fuckers over to the Midwest.

^^^This dude has major nerd vibes.

[mcphee]

^i meant that as if those were their only hobbies. Party on otherwise

[Tri-Ungulate]

If you dont have to bootstrap, good for you to win that lottery (whether youre born with immense talent or immense wealth). If you dont want to pull hard on those bootstraps, then maybe lower your expectations for what you expect out of this life. We would all benefit from being happy at less than ideal. If you dont have immense talent/wealth, but want the ideal, then get used to working harder and smarter than the next guy/gal.


For folks with kids in college there is a pretty basic "trick" to making it more affordable. Mass canvassing of scholarship applications. I spent the final week or two of my summer and winter breaks just mass applying to scholarships from my college, city, county, state, wherever. Didnt matter if i qualified academically or it was for the right major. Didnt matter if it was for $100/semester. Didnt matter i applied. At one point my senior year i held like 15 scholarships, most were small $100-500/semester, and a small handful i technically didnt qualify for. I found that no one really mass applies for scholarships and that some must go unawarded every year- I assume because people think only the larger scholarships are worth their time to apply for, but those little ones and ones with odd qualifications are easier to get awarded. Over 4 years they add up.

Cool blog bro. Keep on regaling us with your tales of how you walked uphill in the snow barefoot to school when you were a young'un.

[jackstraw]

When I was at CU it was very difficult unless you were over 23 years old.

If you were under 23, you couldn't have any support from your parents including no parental health insurance, no financial support of any kind, etc.

There was one guy that I met in my entire time at CU that was able to establish residency for himself. He had a unique situation in that he had a falling out with his parents so he legitimately didn't have any support or even contact with them.

Maybe it has changed since then. I certainly hope so because my degree program at CU is now $64k per year for out of state students.

Looks like it is now $37k per year for in state students. What. The. Fuck?

Yes. When my youngest went to his UC school I looked at the instate qualifications and it was exactly as you referenced above. Insurance was a big one and having zero financial support. It could have been done, sure, but we didn't need to.

[Name Redacted]

I member when this thread was about real estate and not a buncha dudes arguing about kids going to school in other states.

[stapes]

Lots. Depends. Every time. The breakeven is actually very low, lots of people value their time, don't understand the complexities, just want someone to handle it.

If you think your house is worth less than the assessment, don't appeal! In every other case, it's probably in your favor to at least try. The only consequences are potentially raising (if you ignored the first part of this paragraph) and wasting everyone's time.

I’m curious about this. Ours went up 30% or so. Not sure how to feel about the assessed value.

I’ve appealed in the past with no luck. I might not know the tricks though.

[Foggy_Goggles]

I member when this thread was about real estate and not a buncha dudes arguing about kids going to school in other states.

Well to bring it all back around, a member of our school board argued the reason for subsidized housing was such that this favorite restaurants could stay open more hours and that his college aged child could afford a house here.

What else? Why Valuation increase 35% which seems inline or perhaps a bit favorable based on comps.

There seems to be unlimited demand for 3 or 4 bed/3ba around here including duplex's for about $1mill with 3 bed condos at about $750k. Older construction is devalued a bit by the deferred maintenance and outdated finished. The further up valley equals more money.

You tell me if this is affordable https://www.realtor.com/realestatean...6_M93785-91165 I'm not sure what the monthly fees are but it certainly checks some boxes.

Is it Bootstraps or Entitled if I'm working this weekend? I did take Thursday afternoon off to go ski but it's looking like I probably won't make the camping trip on Memorial Day with the families with the campers living in subsidized housing.

Have we talked about quality of construction and what you get for your money? It's a joke. I used to say that houses don't just fall down but a few actually are falling down.

[Foggy_Goggles]

Oh my rental property in Denver went up 27% so a larger percentage increase in the mountains. That passes the sniff test for me.