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2
Posted on 4/5/20 at 12:22 pm to footballdude
The difference between today and 2008 is that 2008 there were a ton of underwater mortgages due to investors. Many of which were realtors or owners of other properties that were buying to flip. People were getting mortgages because they owned 3, 4, or 5 properties trying to flip them in a couple of months. Today, there's not much of that.
I definitely think there will be some good deals, especially off the beach stuff. But not as many. The further from the beach the better the deals will be. Those are the properties that generally don't have the location that someone paid a little less just to say they were in "rosemary" or watercolor or where ever that really couldn't afford to be there.
I definitely think there will be some good deals, especially off the beach stuff. But not as many. The further from the beach the better the deals will be. Those are the properties that generally don't have the location that someone paid a little less just to say they were in "rosemary" or watercolor or where ever that really couldn't afford to be there.
Posted on 5/19/20 at 6:36 pm to footballdude
quote:
buying for your own use
I’ve been looking in Breckenridge for the last few weeks. The amount of listings have noticeably increased as well as price decreases especially on top end properties.
What sites do you use to search foreclosures? I imagine 2nd tier ski towns (is not Vail, Aspen, and Telluride) will be hit hard in this mark.
Posted on 5/19/20 at 6:44 pm to SalE
You are frucking nutz. As an ot baller on the DL, the oil spill was FAR worse for prices. No movement on gulf coast so far. I would cum in my underwear if we see a 30-50 percent drop (oil spill) and scoop up at least 2-3 more properties.
And gtfo about cash sales. I have 20 bankers ready to 2 pump jerk me off to get 1M+ of my business. The secret is that they give it to you for near free when you join the club. If they want to send money my way at 3% im taking it.
Gtfo.
And gtfo about cash sales. I have 20 bankers ready to 2 pump jerk me off to get 1M+ of my business. The secret is that they give it to you for near free when you join the club. If they want to send money my way at 3% im taking it.
Gtfo.
Posted on 5/20/20 at 9:00 am to brokelikeajoke
quote:
brokelikeajoke
quote:
As an ot baller on the DL
So much for staying under the radar
Posted on 6/5/20 at 9:26 pm to lnomm34
Anyone seeing any movement on vacation properties? They seem to be holding steady right now.
Posted on 6/5/20 at 9:39 pm to NAsh-vegas Tigah
quote:
Anyone seeing any movement on vacation properties? They seem to be holding steady right now.
Big increase in the listings, but no movement in prices. Everything opened up in time to save their summer. Their busy time is June-Sept. looks like they will be fine.
Posted on 6/5/20 at 9:51 pm to go ta hell ole miss
Would seem that a big increase in listings would ultimately lead to a corresponding drop in prices. If listings are way up, prices will normalize in time.
I have not even noticed a change in listing volume in the Destin area.
I have not even noticed a change in listing volume in the Destin area.
Posted on 6/6/20 at 7:38 am to LSUregit
LSUregit...... do you see a return to $400
On the property anytime soon??
On the property anytime soon??
Posted on 6/6/20 at 7:37 pm to NAsh-vegas Tigah
Looks like the Sandestin area is holding steady. That specific house is no longer on the market. You may see some discounts in the Fall/Winter but I do not foresee anything close to the significant price drops as we had in the 2008 housing crash.
Posted on 6/6/20 at 10:14 pm to GenesChin
Here in OB...where I've been doing business since '02..our rentals have spiked in the last 2 weeks..in the Lighthouse GS..prices are steady..all the guys looking for deals re: 2008 are going to be disappointed.
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