Current Events > The housing market is getting crazier

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Cleo_II 03/24/22 12:35:41 PM #1:	Opendoor has started buying homes in my neighborhood. Its a small community. They have bought 2 homes so far and immediately relisted them. One for 200k more and the other for 300k more. Absolutely ridiculous. Literally relisted a couple of weeks after closing and did nothing to the homes. One has been sitting on the market for a month and they just reduced the price by a mere $10k. These are newer homes too built around 2016-2018. So not old homes that they are flipping. Theyre in great condition when they buy them. <cite>Cleo_II posted [p:963716033] in The housin... [t:79956844]...</cite> <quote>Opendoor has started buying homes in my neighborhood. Its a small community. They have bought 2 homes so far and immediately relisted them. One for 200k more and the other for 300k more. Absolutely ridiculous. Literally relisted a couple of weeks after closing and did nothing to the homes. One has been sitting on the market for a month and they just reduced the price by a mere $10k. These are newer homes too built around 2016-2018. So not old homes that they are flipping. Theyre in great condition when they buy them. </quote> ... Copied to Clipboard!
CyricZ 03/24/22 12:36:41 PM #2:	I have an apartment. If this keeps up I will likely die there. --- CyricZ He/him <cite>CyricZ posted [p:963716055] in The housin... [t:79956844]...</cite> <quote>I have an apartment. If this keeps up I will likely die there. </quote> ... Copied to Clipboard!
CE_gonna_CE 03/24/22 12:37:32 PM #3:	I really want to pick up and move to AZ but have been holding off due to just how nuts things have gotten there. Then again, there certainly has seemed to be no end in sight to the craziness, so I really dunno. --- https://gamefaqs.gamespot.com/boards/1531-food-delivery-services-general <cite>CE_gonna_CE posted [p:963716078] in The housin... [t:79956844]...</cite> <quote>I really want to pick up and move to AZ but have been holding off due to just how nuts things have gotten there. Then again, there certainly has seemed to be no end in sight to the craziness, so I really dunno. </quote> ... Copied to Clipboard!
AlCalavicci 03/24/22 12:37:54 PM #4:	house hunting right now. you can pretty much guarantee not to ever get a house at asking price in this market, and likely have to put in an offer at the end of the weekend that it came on market, and compete with 30+ other people and go above asking --- http://images4.wikia.nocookie.net/__cb20111123223446/simpsons/images/9/99/K.png I didn't even give you my coat! <cite>AlCalavicci posted [p:963716085] in The housin... [t:79956844]...</cite> <quote>house hunting right now. you can pretty much guarantee not to ever get a house at asking price in this market, and likely have to put in an offer at the end of the weekend that it came on market, and compete with 30+ other people and go above asking </quote> ... Copied to Clipboard!
Shablagoo 03/24/22 12:38:08 PM #5:	We should keep letting all property continue to be concentrated in the hands of the fewer and fewer, it is a great plan that wont cause any problems. --- "if i was a woman i would mail kyle rittenhouse my panties." ~ledbowman "Out of those two? Racist for me... easily." ~Vicious_Dios <cite>Shablagoo posted [p:963716091] in The housin... [t:79956844]...</cite> <quote>We should keep letting all property continue to be concentrated in the hands of the fewer and fewer, it is a great plan that wont cause any problems. </quote> ... Copied to Clipboard!
RchHomieQuanChi 03/24/22 12:38:49 PM #6:	This is what happens when you making housing a commodity --- I have nothing else to say <cite>RchHomieQuanChi posted [p:963716106] in The housin... [t:79956844]...</cite> <quote>This is what happens when you making housing a commodity </quote> ... Copied to Clipboard!
MacadamianNut3 03/24/22 12:39:54 PM #7:	I can afford to move if I wanted to but all of the houses here look like straight up ass for the price. There's zero consistency for house designs even in the same neighborhood. One house can look like Picasso designed it, and then right next it to it Frank Lloyd Wright designed a 800 sq footer going for 400k So yeah I'm just gonna sit until the meme market dies down because I'm not overpaying for an eyesore. --- Roll Tide & Go Irish <cite>MacadamianNut3 posted [p:963716126] in The housin... [t:79956844]...</cite> <quote>I can afford to move if I wanted to but all of the houses here look like straight up ass for the price. There's zero consistency for house designs even in the same neighborhood. One house can look like Picasso designed it, and then right next it to it Frank Lloyd Wright designed a 800 sq footer going for 400k So yeah I'm just gonna sit until the meme market dies down because I'm not overpaying for an eyesore. </quote> ... Copied to Clipboard!
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Tyranthraxus 03/24/22 12:41:56 PM #9:	I should pick up these spam calls and be like "500k cash, no inspection, no questions asked" until someone agrees. --- It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha." https://i.imgur.com/dQgC4kv.jpg <cite>Tyranthraxus posted [p:963716173] in The housin... [t:79956844]...</cite> <quote>I should pick up these spam calls and be like "500k cash, no inspection, no questions asked" until someone agrees. </quote> ... Copied to Clipboard!
Jagr_68 03/24/22 12:42:57 PM #10:	CyricZ posted... I have an apartment. If this keeps up I will likely die there. About time we started romanticizing apartments again 1980s Blade Runner style. --- New York Rangers [2004-2008] https://media.giphy.com/media/WvQHBYW0q4TuxdAg61/giphy.gif https://psnprofiles.com/Jaromiroquai68 <cite>Jagr_68 posted [p:963716194] in The housin... [t:79956844]...</cite> <quote>CyricZ posted... </cite> <quote>I have an apartment. If this keeps up I will likely die there.</quote> About time we started romanticizing apartments again 1980s Blade Runner style. </quote> ... Copied to Clipboard!
SiO4 03/24/22 12:44:10 PM #11:	RchHomieQuanChi posted... This is what happens when you making housing a commodity Yup. Another generation duped. Literally the same fuckers who bought into the dot-com bubble. --- "Whatever the reason you're on Mars, I'm glad you're there, and I wish I was with you." ~Carl Sagan. Currently playing: Flight Simulator X.~PC <cite>SiO4 posted [p:963716215] in The housin... [t:79956844]...</cite> <quote>RchHomieQuanChi posted...</cite> <quote>This is what happens when you making housing a commodity </quote> Yup. Another generation duped. Literally the same fuckers who bought into the dot-com bubble.</quote> ... Copied to Clipboard!
Will_VIIII 03/24/22 12:46:35 PM #12:	So glad I got this house in what feels like the last minute now. The value has gone up ridiculously and I've only lived in it since November 2020 --- "Do not speak to fools, for they will scorn your prudent words." - Proverbs 23:9. Antivaxxers are objectively stupid people. <cite>Will_VIIII posted [p:963716277] in The housin... [t:79956844]...</cite> <quote>So glad I got this house in what feels like the last minute now. The value has gone up ridiculously and I've only lived in it since November 2020 </quote> ... Copied to Clipboard!
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ScarfForLife 03/24/22 12:49:02 PM #14:	Been hearing experts say that the next 6 months the housing market will cool off a good bit. Kinda sucks for us. We want to buy a single family home and sell our townhouse. But even if we do sell our townhouse, we still then have a more expensive single family. And we'll have to use the money from our townhouse for the down payment. It's a tough situation all around. https://fortune.com/2022/03/22/housing-boom-slowdown-home-sales-drop-25-percent/ --- Father of 3 <cite>ScarfForLife posted [p:963716323] in The housin... [t:79956844]...</cite> <quote>Been hearing experts say that the next 6 months the housing market will cool off a good bit. Kinda sucks for us. We want to buy a single family home and sell our townhouse. But even if we do sell our townhouse, we still then have a more expensive single family. And we'll have to use the money from our townhouse for the down payment. It's a tough situation all around. https://fortune.com/2022/03/22/housing-boom-slowdown-home-sales-drop-25-percent/ </quote> ... Copied to Clipboard!
ScazarMeltex 03/24/22 12:49:28 PM #15:	Don't worry, when the inevitable collapse comes you can be assured that all of the companies who bought up this property will get bailed out. --- "If you wish to converse with me define your terms" Voltaire <cite>ScazarMeltex posted [p:963716333] in The housin... [t:79956844]...</cite> <quote>Don't worry, when the inevitable collapse comes you can be assured that all of the companies who bought up this property will get bailed out. </quote> ... Copied to Clipboard!
RchHomieQuanChi 03/24/22 12:49:43 PM #16:	[LFAQs-redacted-quote] Hopefully most of them --- I have nothing else to say <cite>RchHomieQuanChi posted [p:963716339] in The housin... [t:79956844]...</cite> <quote><cite>[LFAQs-redacted-quote]</cite> Hopefully most of them </quote> ... Copied to Clipboard!
MacadamianNut3 03/24/22 12:50:05 PM #17:	Will_VIIII posted... So glad I got this house in what feels like the last minute now. The value has gone up ridiculously and I've only lived in it since November 2020 I moved in June 2019 and the estimated value has gone up roughly 60k Which is nice but the main thing I cared about was that it was cheaper than rent with double the space and was less than 10 miles from where I used to live. But I guess it's useful now given the bubble --- Roll Tide & Go Irish <cite>MacadamianNut3 posted [p:963716350] in The housin... [t:79956844]...</cite> <quote>Will_VIIII posted... </cite> <quote>So glad I got this house in what feels like the last minute now. The value has gone up ridiculously and I've only lived in it since November 2020</quote>I moved in June 2019 and the estimated value has gone up roughly 60k Which is nice but the main thing I cared about was that it was cheaper than rent with double the space and was less than 10 miles from where I used to live. But I guess it's useful now given the bubble </quote> ... Copied to Clipboard!
Tyranthraxus 03/24/22 12:50:43 PM #18:	MacadamianNut3 posted... I moved in June 2019 and the estimated value has gone up roughly 60k Which is nice but the main thing I cared about was that it was cheaper than rent with double the space and was less than 10 miles from where I used to live. But I guess it's useful now given the bubble This but also the fact that I don't have to deal with rent hikes is amazing. --- It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha." https://i.imgur.com/dQgC4kv.jpg <cite>Tyranthraxus posted [p:963716363] in The housin... [t:79956844]...</cite> <quote>MacadamianNut3 posted... </cite> <quote>I moved in June 2019 and the estimated value has gone up roughly 60k Which is nice but the main thing I cared about was that it was cheaper than rent with double the space and was less than 10 miles from where I used to live. But I guess it's useful now given the bubble</quote>This but also the fact that I don't have to deal with rent hikes is amazing. </quote> ... Copied to Clipboard!
Will_VIIII 03/24/22 12:51:08 PM #19:	Mine was 65k at closing and now estimated to be at 78k. I don't think it takes into account that I spent 5k last year to reshingle my roof too. --- "Do not speak to fools, for they will scorn your prudent words." - Proverbs 23:9. Antivaxxers are objectively stupid people. <cite>Will_VIIII posted [p:963716378] in The housin... [t:79956844]...</cite> <quote>Mine was 65k at closing and now estimated to be at 78k. I don't think it takes into account that I spent 5k last year to reshingle my roof too. </quote> ... Copied to Clipboard!
MrWingnut 03/24/22 12:53:10 PM #20:	We got our current house 6 years ago. Valued at 215k at the time. Has now gone 350k+. I wish we could sell, buy then I have to somehow find somewhere cheaper and that seems highly unlikely. <cite>MrWingnut posted [p:963716434] in The housin... [t:79956844]...</cite> <quote>We got our current house 6 years ago. Valued at 215k at the time. Has now gone 350k+. I wish we could sell, buy then I have to somehow find somewhere cheaper and that seems highly unlikely. </quote> ... Copied to Clipboard!
Solar_Crimson 03/24/22 12:54:05 PM #21:	Shablagoo posted... We should keep letting all property continue to be concentrated in the hands of the fewer and fewer, it is a great plan that wont cause any problems. RchHomieQuanChi posted... This is what happens when you making housing a commodity --- I often wonder if we are growing as a people... or in fact, regressing. <cite>Solar_Crimson posted [p:963716461] in The housin... [t:79956844]...</cite> <quote>Shablagoo posted... </cite> <quote>We should keep letting all property continue to be concentrated in the hands of the fewer and fewer, it is a great plan that wont cause any problems.</quote> RchHomieQuanChi posted... </cite> <quote>This is what happens when you making housing a commodity</quote> </quote> ... Copied to Clipboard!
Cleo_II 03/24/22 12:54:33 PM #22:	One house was sold to them for $1m and they relisted for $1.2m and the other sold for $1.1m and relisted for $1.4m. Newish homes with no work needed and literally just reselling them like PS5 scalpers. Smh We did keep our old home when we bought our new home a few months ago, but only because I see shit like this and want to hang on to it so my daughter might have something in the future. Its really looking like corporations will own majority of the housing before long if nothing is done to address it. I still get the occasional call from investors wanting to buy it from us. <cite>Cleo_II posted [p:963716470] in The housin... [t:79956844]...</cite> <quote>One house was sold to them for $1m and they relisted for $1.2m and the other sold for $1.1m and relisted for $1.4m. Newish homes with no work needed and literally just reselling them like PS5 scalpers. Smh We did keep our old home when we bought our new home a few months ago, but only because I see shit like this and want to hang on to it so my daughter might have something in the future. Its really looking like corporations will own majority of the housing before long if nothing is done to address it. I still get the occasional call from investors wanting to buy it from us. </quote> ... Copied to Clipboard!
Tyranthraxus 03/24/22 12:54:42 PM #23:	MrWingnut posted... We got our current house 6 years ago. Valued at 215k at the time. Has now gone 350k+. I wish we could sell, buy then I have to somehow find somewhere cheaper and that seems highly unlikely. It's something I'm considering because I can afford to move out to BFE where housing is much cheaper or even build my own house and work remotely. --- It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha." https://i.imgur.com/dQgC4kv.jpg <cite>Tyranthraxus posted [p:963716476] in The housin... [t:79956844]...</cite> <quote>MrWingnut posted... </cite> <quote>We got our current house 6 years ago. Valued at 215k at the time. Has now gone 350k+. I wish we could sell, buy then I have to somehow find somewhere cheaper and that seems highly unlikely.</quote>It's something I'm considering because I can afford to move out to BFE where housing is much cheaper or even build my own house and work remotely. </quote> ... Copied to Clipboard!
Cleo_II 03/24/22 12:56:50 PM #24:	MacadamianNut3 posted... I moved in June 2019 and the estimated value has gone up roughly 60k Which is nice but the main thing I cared about was that it was cheaper than rent with double the space and was less than 10 miles from where I used to live. But I guess it's useful now given the bubble An exact model of our house in our neighborhood went for $225k more than what we bought it for one month later. Exact floor plan and layout. The only difference was theirs had a pool. Like someone literally spent $225k more on a pool essentially. <cite>Cleo_II posted [p:963716517] in The housin... [t:79956844]...</cite> <quote>MacadamianNut3 posted... </cite> <quote>I moved in June 2019 and the estimated value has gone up roughly 60k Which is nice but the main thing I cared about was that it was cheaper than rent with double the space and was less than 10 miles from where I used to live. But I guess it's useful now given the bubble</quote>An exact model of our house in our neighborhood went for $225k more than what we bought it for one month later. Exact floor plan and layout. The only difference was theirs had a pool. Like someone literally spent $225k more on a pool essentially. </quote> ... Copied to Clipboard!
Tyranthraxus 03/24/22 1:01:53 PM #25:	Cleo_II posted... I still get the occasional call from investors wanting to buy it from us. All the people below are trying to buy my house. https://gamefaqs.gamespot.com/a/user_image/4/6/7/AARLwzAADD6j.jpg The one that I blacked out fully was actually a conventional insurance scammer lol. --- It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha." https://i.imgur.com/dQgC4kv.jpg <cite>Tyranthraxus posted [p:963716641] in The housin... [t:79956844]...</cite> <quote>Cleo_II posted... </cite> <quote>I still get the occasional call from investors wanting to buy it from us.</quote> All the people below are trying to buy my house. https://gamefaqs.gamespot.com/a/user_image/4/6/7/AARLwzAADD6j.jpg The one that I blacked out fully was actually a conventional insurance scammer lol. </quote> ... Copied to Clipboard!
Will_VIIII 03/24/22 1:03:07 PM #26:	I get those too, and letters. Haven't had someone come to my door yet, I've heard that's been happening. --- "Do not speak to fools, for they will scorn your prudent words." - Proverbs 23:9. Antivaxxers are objectively stupid people. <cite>Will_VIIII posted [p:963716675] in The housin... [t:79956844]...</cite> <quote>I get those too, and letters. Haven't had someone come to my door yet, I've heard that's been happening. </quote> ... Copied to Clipboard!
CE_gonna_CE 03/24/22 1:03:34 PM #27:	Gotta love those lowball cash offers --- https://gamefaqs.gamespot.com/boards/1531-food-delivery-services-general <cite>CE_gonna_CE posted [p:963716683] in The housin... [t:79956844]...</cite> <quote>Gotta love those lowball cash offers </quote> ... Copied to Clipboard!
Cleo_II 03/24/22 1:06:50 PM #28:	Tyranthraxus posted... All the people below are trying to buy my house. https://gamefaqs.gamespot.com/a/user_image/4/6/7/AARLwzAADD6j.jpg The one that I blacked out fully was actually a conventional insurance scammer lol. Wow wtf. Are those unsolicited or you have your home up for sale? Will_VIIII posted... I get those too, and letters. Haven't had someone come to my door yet, I've heard that's been happening. Yeah I get letters too occasionally. But definitely not a crazy amount of calls or letters just the occasional one. I got one from a realtor representing their clients who were trying to buy another house and lost out and wanted to see if wed sell ours because it was similar. I guess thats one way to try and get a house. <cite>Cleo_II posted [p:963716762] in The housin... [t:79956844]...</cite> <quote>Tyranthraxus posted... </cite> <quote>All the people below are trying to buy my house. https://gamefaqs.gamespot.com/a/user_image/4/6/7/AARLwzAADD6j.jpg The one that I blacked out fully was actually a conventional insurance scammer lol.</quote>Wow wtf. Are those unsolicited or you have your home up for sale? Will_VIIII posted... </cite> <quote>I get those too, and letters. Haven't had someone come to my door yet, I've heard that's been happening.</quote>Yeah I get letters too occasionally. But definitely not a crazy amount of calls or letters just the occasional one. I got one from a realtor representing their clients who were trying to buy another house and lost out and wanted to see if wed sell ours because it was similar. I guess thats one way to try and get a house. </quote> ... Copied to Clipboard!
Tyranthraxus 03/24/22 1:09:20 PM #29:	Cleo_II posted... Wow wtf. Are those unsolicited or you have your home up for sale? Unsolicited. I'm starting to think about taking them to small claims court because my number is on the national DNC registry. They don't listen to "stop calling" but they will listen to paying me $2000. --- It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha." https://i.imgur.com/dQgC4kv.jpg <cite>Tyranthraxus posted [p:963716825] in The housin... [t:79956844]...</cite> <quote>Cleo_II posted... </cite> <quote>Wow wtf. Are those unsolicited or you have your home up for sale?</quote> Unsolicited. I'm starting to think about taking them to small claims court because my number is on the national DNC registry. They don't listen to "stop calling" but they will listen to paying me $2000. </quote> ... Copied to Clipboard!
KawaiiTakumi 03/24/22 1:09:30 PM #30:	It will crash one day :) --- Fire Emblem fan and fudanshi. OTP is ChromXMaleRobin :3 3ds friend code is 2852-7795-4118, Switch friend code is SW-6645-6409-9976, Feh id 3660012766 <cite>KawaiiTakumi posted [p:963716831] in The housin... [t:79956844]...</cite> <quote>It will crash one day :) </quote> ... Copied to Clipboard!
Super Saiyan 3 Goku 03/24/22 1:11:04 PM #31:	Yeah the home we closed on last week had 10 offers on it. Most we saw in the 3 months we searched was 19. Our house has appraised $30k since it was listed last year so we know very well the market is still on fire. --- When it is obvious that the goals cannot be reached, don't adjust the goals, adjust the action steps. - Confucius <cite>Super Saiyan 3 Goku posted [p:963716869] in The housin... [t:79956844]...</cite> <quote>Yeah the home we closed on last week had 10 offers on it. Most we saw in the 3 months we searched was 19. Our house has appraised $30k since it was listed last year so we know very well the market is still on fire. </quote> ... Copied to Clipboard!
Unsuprised_Pika 03/24/22 1:11:05 PM #32:	Shablagoo posted... We should keep letting all property continue to be concentrated in the hands of the fewer and fewer, it is a great plan that wont cause any problems. Owning a lot of properties should be viewed as harshly as rape and murder at this point. <cite>Unsuprised_Pika posted [p:963716871] in The housin... [t:79956844]...</cite> <quote>Shablagoo posted... </cite> <quote>We should keep letting all property continue to be concentrated in the hands of the fewer and fewer, it is a great plan that wont cause any problems.</quote> Owning a lot of properties should be viewed as harshly as rape and murder at this point. </quote> ... Copied to Clipboard!
Cleo_II 03/24/22 1:11:40 PM #33:	Tyranthraxus posted... Unsolicited. I'm starting to think about taking them to small claims court because my number is on the national DNC registry. They don't listen to "stop calling" but they will listen to paying me $2000. Damn I was just going to suggest getting on the registry too. Im on it and havent been getting too many calls like that. You should because thats insane <cite>Cleo_II posted [p:963716887] in The housin... [t:79956844]...</cite> <quote>Tyranthraxus posted... </cite> <quote>Unsolicited. I'm starting to think about taking them to small claims court because my number is on the national DNC registry. They don't listen to "stop calling" but they will listen to paying me $2000.</quote>Damn I was just going to suggest getting on the registry too. Im on it and havent been getting too many calls like that. You should because thats insane </quote> ... Copied to Clipboard!
Ryven 03/24/22 1:12:40 PM #34:	I read an article recently that said the average price of a house here in Canada was north of 800k Like get the fuck out of here. Even somewhere decent is like 400k. --- 'We're not gonna make it, are we? People i mean.' 'It's in your nature to destroy yourselves.' <cite>Ryven posted [p:963716916] in The housin... [t:79956844]...</cite> <quote>I read an article recently that said the average price of a house here in Canada was north of 800k Like get the fuck out of here. Even somewhere decent is like 400k. </quote> ... Copied to Clipboard!
WingsOfGood 03/24/22 1:14:55 PM #35:	Big companies prob buy them to sell to other big companies who are all paying way over the actual value of the house so regular people cannot compete because mortgage will not give a loan for $100,000 over the actual value. <cite>WingsOfGood posted [p:963716975] in The housin... [t:79956844]...</cite> <quote>Big companies prob buy them to sell to other big companies who are all paying way over the actual value of the house so regular people cannot compete because mortgage will not give a loan for $100,000 over the actual value. </quote> ... Copied to Clipboard!
Will_VIIII 03/24/22 1:17:33 PM #36:	WingsOfGood posted... Big companies prob buy them to sell to other big companies who are all paying way over the actual value of the house so regular people cannot compete because mortgage will not give a loan for $100,000 over the actual value. I did this with light leather in WoW. I'd farm it, buy it all up in the AH and dominate the price when reselling it lol --- "Do not speak to fools, for they will scorn your prudent words." - Proverbs 23:9. Antivaxxers are objectively stupid people. <cite>Will_VIIII posted [p:963717051] in The housin... [t:79956844]...</cite> <quote>WingsOfGood posted... </cite> <quote>Big companies prob buy them to sell to other big companies who are all paying way over the actual value of the house so regular people cannot compete because mortgage will not give a loan for $100,000 over the actual value.</quote>I did this with light leather in WoW. I'd farm it, buy it all up in the AH and dominate the price when reselling it lol </quote> ... Copied to Clipboard!
WingsOfGood 03/24/22 1:18:34 PM #37:	Will_VIIII posted... I did this with light leather in WoW. I'd farm it, buy it all up in the AH and dominate the price when reselling it lol When you have near "limitless" money, it is crazy what you can do. They don't have to worry about mortgages like you and I do. <cite>WingsOfGood posted [p:963717072] in The housin... [t:79956844]...</cite> <quote>Will_VIIII posted... </cite> <quote>I did this with light leather in WoW. I'd farm it, buy it all up in the AH and dominate the price when reselling it lol</quote> When you have near "limitless" money, it is crazy what you can do. They don't have to worry about mortgages like you and I do. </quote> ... Copied to Clipboard!
Cleo_II 03/24/22 1:21:56 PM #38:	WingsOfGood posted... Big companies prob buy them to sell to other big companies who are all paying way over the actual value of the house so regular people cannot compete because mortgage will not give a loan for $100,000 over the actual value. Yes its sad. The only regular people who are able to buy homes now are those that can cover the appraisal gap. We struck lighting with this house. We got it at asking and it appraised $25k higher. We didnt waive a single contingency. Our agent told us to buy a lotto ticket. <cite>Cleo_II posted [p:963717169] in The housin... [t:79956844]...</cite> <quote>WingsOfGood posted... </cite> <quote>Big companies prob buy them to sell to other big companies who are all paying way over the actual value of the house so regular people cannot compete because mortgage will not give a loan for $100,000 over the actual value.</quote>Yes its sad. The only regular people who are able to buy homes now are those that can cover the appraisal gap. We struck lighting with this house. We got it at asking and it appraised $25k higher. We didnt waive a single contingency. Our agent told us to buy a lotto ticket. </quote> ... Copied to Clipboard!
TheOtherMike 03/24/22 1:22:47 PM #39:	I got super lucky. Bought my first house ten years ago for 125k. The husband and I started building our new house just as prices really started to soar so we got that price locked in. When the time came to sell my old one it went for 230k. Fucking nuts. At least now we're in the home we plan to die in and don't have to worry about it anymore. I feel for everyone caught up in the housing/apartment market right now. <cite>TheOtherMike posted [p:963717197] in The housin... [t:79956844]...</cite> <quote>I got super lucky. Bought my first house ten years ago for 125k. The husband and I started building our new house just as prices really started to soar so we got that price locked in. When the time came to sell my old one it went for 230k. Fucking nuts. At least now we're in the home we plan to die in and don't have to worry about it anymore. I feel for everyone caught up in the housing/apartment market right now. </quote> ... Copied to Clipboard!
Esrac 03/24/22 1:23:05 PM #40:	I just bought a 2000sqft 4 bedroom, 2 bathroom brick home for $255,000 in October. It needs a bit of work, but I'm starting to wonder if I should try to turn it around and ask for $350,000. <cite>Esrac posted [p:963717209] in The housin... [t:79956844]...</cite> <quote>I just bought a 2000sqft 4 bedroom, 2 bathroom brick home for $255,000 in October. It needs a bit of work, but I'm starting to wonder if I should try to turn it around and ask for $350,000. </quote> ... Copied to Clipboard!
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KalimariX8 03/24/22 1:27:50 PM #42:	CE_gonna_CE posted... I really want to pick up and move to AZ but have been holding off due to just how nuts things have gotten there. Then again, there certainly has seemed to be no end in sight to the craziness, so I really dunno. It really is crazy here in AZ. I dont think it's crashing any time soon, Californians are buying with cash way above market value. --- member of the sam jackson alliance Kalimari <cite>KalimariX8 posted [p:963717342] in The housin... [t:79956844]...</cite> <quote>CE_gonna_CE posted... </cite> <quote>I really want to pick up and move to AZ but have been holding off due to just how nuts things have gotten there. Then again, there certainly has seemed to be no end in sight to the craziness, so I really dunno.</quote>It really is crazy here in AZ. I dont think it's crashing any time soon, Californians are buying with cash way above market value. </quote> ... Copied to Clipboard!
WingsOfGood 03/24/22 1:28:33 PM #43:	Esrac posted... I just bought a 2000sqft 4 bedroom, 2 bathroom brick home for $255,000 in October. It needs a bit of work, but I'm starting to wonder if I should try to turn it around and ask for $350,000. Here is the issue. You won't make $100,000K profit if you move into another house that has inflated value. This money is more for people who own multiple properties. <cite>WingsOfGood posted [p:963717367] in The housin... [t:79956844]...</cite> <quote>Esrac posted... </cite> <quote>I just bought a 2000sqft 4 bedroom, 2 bathroom brick home for $255,000 in October. It needs a bit of work, but I'm starting to wonder if I should try to turn it around and ask for $350,000.</quote> Here is the issue. You won't make $100,000K profit if you move into another house that has inflated value. This money is more for people who own multiple properties. </quote> ... Copied to Clipboard!
Cleo_II 03/24/22 1:33:29 PM #44:	TheOtherMike posted... I got super lucky. Bought my first house ten years ago for 125k. The husband and I started building our new house just as prices really started to soar so we got that price locked in. When the time came to sell my old one it went for 230k. Fucking nuts. At least now we're in the home we plan to die in and don't have to worry about it anymore. I feel for everyone caught up in the housing/apartment market right now. Nice, congrats! I feel like this is our forever home too. I liked our old house and wasnt really desperate for another but held off for a dream home and this is it for me. Im ok if the market fluctuates. We could sell our other home for a $400k profit right now. But I dont know if we should or if we should hang on to it for my daughters sake. I just picture housing being owned by corporations while the majority of the population rents and it scares me for her. (I know 400k sounds crazy but this is OC market and average homes are over a million) <cite>Cleo_II posted [p:963717511] in The housin... [t:79956844]...</cite> <quote>TheOtherMike posted... </cite> <quote>I got super lucky. Bought my first house ten years ago for 125k. The husband and I started building our new house just as prices really started to soar so we got that price locked in. When the time came to sell my old one it went for 230k. Fucking nuts. At least now we're in the home we plan to die in and don't have to worry about it anymore. I feel for everyone caught up in the housing/apartment market right now.</quote>Nice, congrats! I feel like this is our forever home too. I liked our old house and wasnt really desperate for another but held off for a dream home and this is it for me. Im ok if the market fluctuates. We could sell our other home for a $400k profit right now. But I dont know if we should or if we should hang on to it for my daughters sake. I just picture housing being owned by corporations while the majority of the population rents and it scares me for her. (I know 400k sounds crazy but this is OC market and average homes are over a million) </quote> ... Copied to Clipboard!
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WingsOfGood 03/24/22 1:36:43 PM #46:	Cleo_II posted... We could sell our other home for a $400k profit right now. But then where would you go? Unless you like moving to some state where the houses aren't going crazy, chances are you will overpay for the new house negating said profit. <cite>WingsOfGood posted [p:963717591] in The housin... [t:79956844]...</cite> <quote>Cleo_II posted... </cite> <quote>We could sell our other home for a $400k profit right now.</quote> But then where would you go? Unless you like moving to some state where the houses aren't going crazy, chances are you will overpay for the new house negating said profit. </quote> ... Copied to Clipboard!
Jiek_Fafn 03/24/22 1:36:51 PM #47:	It'll pick up even more as we get into warmer weather. It's just starting for the year. I bought my house in July and it's already estimated at 10% more than what I paid and I went well over asking price. --- I don't believe in belts. There should be no ranking system for toughness. <cite>Jiek_Fafn posted [p:963717595] in The housin... [t:79956844]...</cite> <quote>It'll pick up even more as we get into warmer weather. It's just starting for the year. I bought my house in July and it's already estimated at 10% more than what I paid and I went well over asking price. </quote> ... Copied to Clipboard!
JuanCarlos1 03/24/22 1:37:54 PM #48:	So companies are scalping while the common person struggles to find and buy a house. Such bullshit. At least I own a house, but I sympathize with people of my gen and those after that have it next to impossible unless being a really high earner. --- Mas dicen, que en las dimensiones de nuestro ser... hay muchos detalles por conocer... <cite>JuanCarlos1 posted [p:963717625] in The housin... [t:79956844]...</cite> <quote>So companies are scalping while the common person struggles to find and buy a house. Such bullshit. At least I own a house, but I sympathize with people of my gen and those after that have it next to impossible unless being a really high earner. </quote> ... Copied to Clipboard!
ExtremeLuchador 03/24/22 1:39:04 PM #49:	Move to a cheaper, rural area. Much better people and communities. --- "It was horrible," guard Jeff McInnis said. "I took 100 naps and we were still in the air." <cite>ExtremeLuchador posted [p:963717652] in The housin... [t:79956844]...</cite> <quote>Move to a cheaper, rural area. Much better people and communities. </quote> ... Copied to Clipboard!
Will_VIIII 03/24/22 1:40:01 PM #50:	ExtremeLuchador posted... Much better people MAGAs are objectively awful people. --- "Do not speak to fools, for they will scorn your prudent words." - Proverbs 23:9. Antivaxxers are objectively stupid people. <cite>Will_VIIII posted [p:963717682] in The housin... [t:79956844]...</cite> <quote>ExtremeLuchador posted... </cite> <quote>Much better people</quote>MAGAs are objectively awful people. </quote> ... Copied to Clipboard!
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Current Events > The housing market is getting crazier (+) Yeah! (+)

Current Events > The housing market is getting crazier