Real Estate Crash thread

[yeahman]

yeah browning keeps it real.

More like surreal. Stopped there this summer on my way to Glacier. Was going to go to the museum, which I've been to a couple times before, but the amount of sketchers hanging around prompted me to point it on down the road instead. Sad situation.

[I Skied Bandini Mountain]

yeah browning keeps it real. we should head up there and go on a meth bender.

i sort of am here, work 8 months or so here. would not participate in housing here unless i was a landlord.

it's amusing all the hyper inflated prices. at least the cages ppl can barely afford look nice.

You think it's only Bozeman?? JFC, any place nice west of the Mississippi is under huge upward price pressure.

[byates1]

yeah the couple times ive been through was like nope. heading south to choteau is a pretty drive. there is a little yarn shop in dupuyer that is cool. sent back some montana yarn to mom, now have some homemade hats from montana wool

[byates1]

You think it's only Bozeman?? JFC, any place nice west of the Mississippi is under huge upward price pressure.

where did i say it's only bozeman? still, here takes the cake for one of the fastest and hottest. jackson/aspen are their own next level illusions.

[Core Shot]

here you go. here's the solution in bozeman..


https://bozeman.craigslist.org/reo/d...647809039.html


a deed restricted 550 sq ft room. w hoa fees, etc. pushing a quarter million dollars.

ppl are fucked.

No parking for the studio.

But the other side of the building has two car garages??

[Foggy_Goggles]

urinate on the 3 houses surrounding yours from inside your house.

Is that a selling point?

New Studio's at $500/sq.ft. deed restricted? I want to know where all the money went. Where is the spreadsheet with the build costs? This is the shit that makes people cringe when I show up at the meetings. The non profit entities have so many layers of profit it's insane.

Meanwhile, around here, my buddy's and I would love to build market rate low cost housing but the redtape to get high density improved in insane. The referenced studio complex I talked about was $100K out of pocket in preconstruction costs just to get shut down.

[goldenboy]

MY PT and her husband just bought a place in the new Story Mill subdivision. Theirs was not "affordable" it is a market rate unit and they paid $607K for what is a small starter home.

Sounds like a screaming deal that you couldn't get around here.

[rideit]

Sounds like a screaming deal that you couldn't get around here.

Right?
Minimum 2 mil for that here right now, and that’s for a Boise Cascade prefab that needs work.

[nickwm21]

Can we talk about the RE Agent / Brokerage industry…..

Its 2023…. Why is it still standard to use an RE Agent?

Did you feel like your agent brought you $XX,XXX in value during your last transaction?

How responsible is the RE Agent / Brokerage industry for the current price of things. 15 years of “Oh, your gunna have to offer $100k over because……” certainly has had an affect…

Anyone bought/sold outside of an agent / brokerage?


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[I Skied Bandini Mountain]

We've done both, private party transactions have a time and place. That being said, good agents are worth the money, crappy agents give the entire profession a bad name.

[fastfred]

honestly when I bought my house twenty years ago the real estate agents were key
and I feel like went above and beyond

seriously

uninhabitable trashed home liar loan unverified income those were the days
but they made it all happen some how and I really did do shit nor stress about anything

[XXX-er]

Can we talk about the RE Agent / Brokerage industry…..

Its 2023…. Why is it still standard to use an RE Agent?

Did you feel like your agent brought you $XX,XXX in value during your last transaction?

How responsible is the RE Agent / Brokerage industry for the current price of things. 15 years of “Oh, your gunna have to offer $100k over because……” certainly has had an affect…

Anyone bought/sold outside of an agent / brokerage?


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when I last used an agent she sold my last house in 3 weeks, a month later the entire market was completely down the tubes but I missed that downturn cuz it was such a fast deal

13yars ago I bought this place on a FSBO with no agent in what was maybe the last of the buyers markets, it was on the market for 5 months. RE is generaly a lot of money so I think you definalty want at least a lawyer to write the sales agreement, Lhutz Esquire did a good job on the agreement and made sure the deal stayed on track , buddy is not just a Skier/ biker/ fire fighter with a lawyering problem

people say there is no need for a scum sucking RE agent but then why haven't the RE agents all dissappeared why are RE agents still around ?

right now my son is upgrading his starter for 5 acres and a bigger house, there is a bit to lining up both deals and its pretty handy for him to use RE agents

[lifelinksplit]

Sounds like a screaming deal that you couldn't get around here.

And this is exactly why everywhere turns to shit. People move from "that" place to a new place. When the new place doesn't have exceedingly overpriced/overcrowded trailheads/housing etc they are like "this isn't bad you should see it in Colorado/California/Texas......and it eventually turns into new boulder..er..bozeman.

I think I might move to the Yukon.

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[Foggy_Goggles]

You just try and stay one step ahead moving down valley into the sage riding on the coattails of the rich peoples check books.

Friends, skis, snowmobiles, paragliders, kayaks, sun, snow, rain...nothing else matters.

Make sure you let the powers that be that they are the ones burning it all down. You are a product of your decisions. Make yourself happy.

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[XXX-er]

the yukon might also be crazy

[Name Redacted]

People are always looking for the next cool place to live like where they live will fix all their problems. It usually won't even if you cash out and have a million bucks in the bank when you move there, there is a reason it costs so much here, and not there.

[AdironRider]

I don't know, maybe it won't solve everything, but I think where one lives can solve at least some problems. Like your kid's education or rural/urban social preferences for example.

[Meadow Skipper]

Can we talk about the RE Agent / Brokerage industry…..

Its 2023…. Why is it still standard to use an RE Agent?

Did you feel like your agent brought you $XX,XXX in value during your last transaction?

How responsible is the RE Agent / Brokerage industry for the current price of things. 15 years of “Oh, your gunna have to offer $100k over because……” certainly has had an affect…

Anyone bought/sold outside of an agent / brokerage?

For sellers, there’s a certain amount of value (a lot actually) for not having to deal with flake/asshole/time wasting buyers.

I tried selling my house myself some years back. That lasted about two weeks.

[dunfree]

I don't know, maybe it won't solve everything, but I think where one lives can solve at least some problems. Like your kid's education or rural/urban social preferences for example.

theres also perhaps not relevant here difference between places where”police broke down the door and shot the dog because they had the wrong address” and “sure you were driving 55 in a 30, but I’m gonna let you go” places

[Bunion 2020]

RE RE agents:

When I bought my condo my RE-A helped beat down the asking price. The place was trashed and she managed to lower the price by 8K on a 60K asking price. The seller was pissed but signed off.

When I went to sell that unit she had gotten too big to handle the work and one of her agents took the ball, I was hoping to sell for around 99K and my new agent managed to get a bidding war going and it sold for 143K.

I had found a house in town myself and he again beat the sellers down by about 6K. He got some nice commissions, I got what I wanted and he bought me a nice BBQ Grill as a housewarming present.

The $$$ was worth it.

[climberevan]

I'd argue the primary difference between those two police actions is the skin tone of the affected party, not the location.

[DoYou WannaDance]

where did i say it's only bozeman? still, here takes the cake for one of the fastest and hottest. jackson/aspen are their own next level illusions.

Canada is cheap. Trail BC is amazing but all the skiers have to live up the hill in Rossland to maintain appearances. Alaska is cheap. If you want to be near something on Epic or Ikon and high paying jobs its expensive.

I bet the starting wage for a Barista in Starbucks has doubled in the last 5 years in Bozeman and every tradepersons making far more. People who own property there that used to be poor should get that Yellowstone Ranch logo tattooed or Kevin Costners face for what that show did to make basic ass white people desperate to move there and jack up their property values.

[XXX-er]

every ski bum in Canada has been plugging numbers into mls and coming up with trail so a few years ago a ski patrol bud at the hill said the same thing about Trail, wow its got some really cheap houses on the mls to which I replied well yeah I spent a little time in trail, so maybe you wana look first so they patroled a season at Red and looked at the RE

the cheap houses were from when trail was being built with crooked roofs, with gables that over lap the house next door , and one house had a stream running thru the basement

also there is a smelter right in down town Trail

they came back and bought local

and btw Canada is not cheap

[Flyoverland Captive]

Trail is cheap in the long run, because you get cancer from the mining debris, and die young, meaning you paid relatively few mortgage payments.

[skiballs]

I'd argue the primary difference between those two police actions is the skin tone of the affected party, not the location.

So true, the white methheads in the Nevada trailer park should get the same treatment as the rich black guy that lives down the street from Bmills ( tony Atlanta burbs).


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