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re: This crazy real estate market
Posted on 1/14/22 at 2:56 pm to RealDawg
Posted on 1/14/22 at 2:56 pm to RealDawg
Six months ago, I sold my house, paid the mortgage off and stuck the rest of it in the bank. Bought an old house (1800 sq ft) in Washington Parish on two acres of land for 45k cash. Wife and I living in a camper on the property until I can get the house totally renovated. Using the money I made off the previous house to fund the renovation.
0
Posted on 1/14/22 at 3:03 pm to RealDawg
quote:
Moving back to my hometown
I grew up in Bozeman, MT and have a few friends who are realtors there, I couldn't even afford a townhome there.
When we moved to Knoxville our intention was to rent for a year while we got to know the city, we saw the housing prices climbing and climbing and ended up breaking our rental lease to buy after about 3 months. The realtor was shocked out house was on the market for 10 days, and this was all in 2019 pre-covid. Checked out Zillow the other day our house is valued at over $150K what we paid. And that isn't counting in the massive outdoor kitchen we just built. Problem is if we sell we can't afford anything even close to what we have.
I'm waiting for this market to crack, I've got some money coming in soon that I'd love to start putting towards and investment property.
Posted on 1/14/22 at 3:11 pm to RealDawg
Dude, you are doing exactly what we dream of doing.
North ATL burb here, we have had numerous unsolicited offers. The prices are outrageous and tempting.
If my company decided to 100% commit to working remotely, we'd move back to south GA area (more likely AL side of river).
North ATL burb here, we have had numerous unsolicited offers. The prices are outrageous and tempting.
If my company decided to 100% commit to working remotely, we'd move back to south GA area (more likely AL side of river).
Posted on 1/14/22 at 4:02 pm to HoustonChick86
quote:
I grew up in Bozeman, MT
So you are a bozite?
Posted on 1/23/22 at 10:57 am to stout
Long time lurker on TD, but signed up to reply to this post of yours. I have a double-wide for sale in Moss Bluff, that my mother lived in until dying from covid. Would be to move off current property. 4 bedroom, 3 bath, ~2700 sq ft. If interested, leave me a message on email, robair_inc@yahoo.com
Posted on 1/23/22 at 12:19 pm to Lucky_Stryke
quote:
What's driving up the price of homes is demand. It's taking much longer to build houses and they are costing much more to build. Right now in Alabama they state is about 30,000 units short of demand.
Agreed. Lumber costs are continuing to rise. Ordering windows for our new builds and won't get them until mid to late April. Paint supply issues, certain garage doors, appliances, etc all experiencing delays.
Sold 4 rentals last year and will probably sell another 4 this year. Very low inventory. We list our rentals and flip properties by Friday morning and we're cutting off showings on Saturday with multiple offers all over ask price. Crazy market.
This post was edited on 1/23/22 at 12:23 pm
Posted on 1/23/22 at 12:38 pm to rocket31
quote:
this board has been saying real state would crash since 2016
It will crash. The trick is knowing when. If it crashes in 2030, those folks predicting it in 2016 will say they were right.
Posted on 1/23/22 at 1:03 pm to TigerDoug
Neighbors trampoline hit my garage door in June. Just got the replacement section installed Friday.
Posted on 1/23/22 at 1:10 pm to RealDawg
west houston suburbs
we bought in Dec 19, and got an incredible deal on a model home because the developer was moving on and didnt want to carry the house in their inventory into 2020
an inventory home like mine two streets over just sold for $140k more than I paid for the model home of the same floor plan
it is insane here
Posted on 1/23/22 at 1:13 pm to kywildcatfanone
Some friends and I finance flips as an alternate investment. We just bought a 1960 sf house in an area that sold for around $90/sf. The most recent comps were bumped up to $105/sf until yesterday, when a 1550 sf house went pending for $128/sf after 24 hours on the market. Our house that we were going to list for $219,000 just went up to $229-234. It’s nuts, but I need it to last another 10-12 weeks 
Posted on 1/23/22 at 1:15 pm to Bluff4Life
I didn't know double-wides got that big. That's a frickin McDoublewide.
Posted on 1/24/22 at 11:38 pm to USMEagles
Real solid, anchored well. Sits on poured concrete pads. Went through hurricanes Rita, Laura and Delta. Just lost a few shingles and some skirting. Was protected by a section of thick woods to the east, but now sadly most of those trees are gone after Laura.
Posted on 1/25/22 at 12:29 am to 3nOut
quote:
didn't necessarily overextend ourselves in our situation, but my company could lose out on $1mm gross sales because some company somewhere else couldn't make a generator.
I can’t for the life of me understand how this happens.
Racks, maybe a little delay, but a generator and delayed for months?
What kind of shite contract do y’all have?
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