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re: Home values in Austin have jumped more than 18% in the last year
Posted on 5/3/21 at 3:59 pm to RLDSC FAN
Posted on 5/3/21 at 3:59 pm to RLDSC FAN
Housing prices are up everywhere.
We consider ourselves lucky we found a nice steal in December. Houses here in the Louisville area are selling within a day or two. A friend of ours just got outbid on a house by a couple from New York who didn’t even care if it was inspected.
We consider ourselves lucky we found a nice steal in December. Houses here in the Louisville area are selling within a day or two. A friend of ours just got outbid on a house by a couple from New York who didn’t even care if it was inspected.
1
Posted on 5/3/21 at 4:01 pm to Bjorn Cyborg
quote:
They've done the same here in Bunkie. Our motto is Keep Bunkie Boring, but these Silicon Valley transplants are making it hard.
Their liberal politics will no doubt change us here in God's Country.
My coworkers think i'm insane because i'm laughing so hard.
Thanks.
Posted on 5/3/21 at 4:19 pm to BluegrassBelle
quote:
A friend of ours just got outbid on a house by a couple from New York who didn’t even care if it was inspected
My neighbor is a realtor. He told me that is almost standard for the current housing market (no inspection as part of on over cash offer).
I think about selling our current house a lot but I could never get through the stress of buying a house without an inspection.
Posted on 5/3/21 at 4:29 pm to HempHead
quote:
I just don't know whether it's the function of a bubble, or monetary inflation.
Combination of low interest rates, low inventory (many people are just not moving and not many new houses were built in the last year) and REITs buying huge numbers of single family houses. REITs are a huge player in DFW.
This post was edited on 5/3/21 at 4:30 pm
Posted on 5/3/21 at 4:38 pm to Zappas Stache
What happens if you don’t have a cash offer but are willing to pay x amount over the asking price, does the cash buyer always get the house? If that’s the case, what do lenders and banks think of this housing market?
Posted on 5/3/21 at 4:52 pm to Mstate
quote:
My sister and brother in law are part of this statistic. They just moved from outside San Fran to Birmingham Alabama and bought a house the same day they looked at it. Definitely had more buying power than most looking in the bham area and jumped all over it
Unless it pops, which it really just seems like the demand is high so I'm not sure that's what's going to happen, people are going to need to really pin down what's important to them.
What do you like? Is it hiking? Do you like it enough to deal with people and make sure your income is where it needs to be to afford a house somewhere with really good hiking, say Denver?
Maybe there's a town out there with really solid hiking that nobody knows about because the economy is dead. Likewise for other things. Hunting, hiking, kayaking, etc. What will you want to do in retirement? Plan accordingly, even if that means relocating to towns where other things may be less than ideal.
I can pick and choose how I spend my time appropriately if I can have a house with a $1500 or less mortgage. But if I'm in a really nice, clean, safe town with a $4000 mortgage without the income to support anything else, what good is that?
This is something my wife and I are trying to figure out. Boise is home now, but being realistic, in the next 5 years we are looking at, at max, a dual income of about $150k. For the type of house we want (nothing extravagant, we'd just like a yard), we are going to have to live elsewhere. Where that ends up being is what's throwing us for a loop.
Posted on 5/3/21 at 4:56 pm to RLDSC FAN
I’m up 10% in the last 30 days. Those are rookie numbers
Posted on 5/3/21 at 5:08 pm to Draconian Sanctions
quote:
That ship sailed like 6 years ago
more like 16
Posted on 5/3/21 at 5:42 pm to SlowFlowPro
and then the county tax office raises your appraisal/tax by 18%, the insurance company demand you increase your coverage/cost
Posted on 5/3/21 at 5:47 pm to RLDSC FAN
It is insane in Nashville neighborhoods. We bought in early 2020. I thank baby Jesus regularly.
Posted on 5/3/21 at 5:55 pm to RLDSC FAN
I know someone who lives in Round Rock with a 1700sf 4/2 that was built in ‘97. Very pedestrian house and hood. Was $280k last yr now $480k zestimate.
Posted on 5/3/21 at 5:59 pm to Mstate
quote:
Definitely had more buying power than most looking in the bham area and jumped all over it
I can't afford to move within my same area because of all the out of towners moving in with their much higher buying power. I thank my lucky stars I moved here when I did about 10 years ago.
This post was edited on 5/3/21 at 6:02 pm
Posted on 5/3/21 at 6:02 pm to Master Guilbeau
quote:
I have news for y’all. This is happening throughout the world. Something fricky is going on.
Yeah, governments are giving away money for free. Not hard to figure out. Interest rates are nothing and people can work remotely. Not to mention backlog for new construction and out of control lumber prices. This will continue as long as money is virtually free.
Posted on 5/3/21 at 6:10 pm to go ta hell ole miss
quote:
and people can work remotely.
But for how much longer? This topic comes up a lot on this board and the answers are all over the place.
Posted on 5/3/21 at 6:11 pm to SlowFlowPro
quote:
more like 16
It still had a soul when I lived there in the early 2010’s, it’s just Dallas now
Posted on 5/3/21 at 6:17 pm to JetsetNuggs
quote:quote:
"Keep Austin Weird."
gayest motto on planet earth
I take it you've never seen College Station's motto...
Posted on 5/3/21 at 6:18 pm to Draconian Sanctions
quote:
It still had a soul when I lived there in the early 2010’s, it’s just Dallas now
Lived in Austin the last 2 years and Dallas the 4 years before that. They are still very, very different experiences.
Posted on 5/3/21 at 6:20 pm to Draconian Sanctions
quote:
It still had a soul when I lived there in the early 2010’s,
Austin hasn't been Austin since about the early to mid 90s. There was no soul there in 2010.
Posted on 5/3/21 at 6:22 pm to tlsu15
quote:
Lived in Austin the last 2 years and Dallas the 4 years before that. They are still very, very different experiences.
Completely different experiences. Austin traffic is orders of magnitude worse.
Posted on 5/3/21 at 7:22 pm to Draconian Sanctions
“Austin just isn’t the same anymore.”
Has been said every year since about 1965. It may as well be the city motto.
Has been said every year since about 1965. It may as well be the city motto.
This post was edited on 5/3/21 at 7:24 pm
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