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re: Real estate predictions
Posted on 5/3/21 at 3:57 pm to Dizz
Posted on 5/3/21 at 3:57 pm to Dizz
quote:
I could sell my house now for close 100k more than we paid but then it would have to do exactly what the person buying my house did which is overpay.
There is a freaking townhouse for sale not far from me that is listed at $238k. A two bedroom townhouse. On the Zillow site, it shows it was listed for 4 months last year at $180k and didn't sell. I didn't notice any recent improvements to it in the pictures to justify a nearly $60k increase in asking price.
Just insane.
0
Posted on 5/3/21 at 4:03 pm to TDsngumbo
you're missing the whole game. with home prices skyrocketing, you now have more equity in your home, which increases your net worth, which you can use for more debt. Go buy a rental house or use the equity to improve your current house while values are high.
Posted on 5/3/21 at 4:12 pm to TDsngumbo
You are not going to get that for 1600 sq '. 175/sq' sorry.
I can believe $150 sq' in this market and an acre.
I can believe $150 sq' in this market and an acre.
Posted on 5/3/21 at 4:18 pm to TDsngumbo
My wife and I planned to stay in our house for 3-5 years and then upgrade. With the market acting like it is, we're thinking about remodeling the kitchen in a few years and staying for the long haul.
Posted on 5/3/21 at 4:22 pm to TexasTiger90
quote:
My wife and I planned to stay in our house for 3-5 years and then upgrade. With the market acting like it is, we're thinking about remodeling the kitchen in a few years and staying for the long haul.
Our plan was to sell in 4 years when our youngest graduates high school. I guess I should use the current market to my advantage and re-finance to do some improvements. Really need new windows and updated kitchen.
My subdivision didn't really see a decline in values during the last housing crisis, so hopefully that remains the case.
Posted on 5/3/21 at 4:25 pm to The Spleen
This year is sprinklers in the back, new fence and new windows. Kitchen is the big ticket in the next few years.
I'm ready to just sit tight for the long term. My neighbors had 60-70 people come view their house in a single weekend right before offers were due. I had several couples come up and ask me about the neighborhood when I was in the yard. Absolute madness. I will not participate until I absolutely have to
I'm ready to just sit tight for the long term. My neighbors had 60-70 people come view their house in a single weekend right before offers were due. I had several couples come up and ask me about the neighborhood when I was in the yard. Absolute madness. I will not participate until I absolutely have to
Posted on 5/3/21 at 4:39 pm to TDsngumbo
Having participated in the bubble and so called Great Recession of the early 2000's...from what I see here at the beach, we are headed right back into that territory.
Posted on 5/3/21 at 4:53 pm to SalE
I have zero desire to be left holding the bag on a massive mortgage if shite goes south or even plateaus.
Posted on 5/3/21 at 4:59 pm to TDsngumbo
A 15 year old single wide on a 1/4 acre in St. Amant, in an area that flooded would probably sell for at least 200k and some lunatic would buy it. I’d put it up for sale with and have an absolute bottom line dollar figure that would make selling worth your wild and if you get it, sell, if you don’t, oh well. It’s a win/win for you.
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