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re: The insanity of housing prices these days

Posted on 12/22/21 at 12:05 pm to
Posted by fallguy_1978
Best States #50
Member since Feb 2018
48548 posts
Posted on 12/22/21 at 12:05 pm to
I'm not a huge fan of the whole house being some shade of grey look.
Posted by brewhan davey
Audubon Place
Member since Sep 2010
32793 posts
Posted on 12/22/21 at 12:06 pm to
quote:




I hate that type of wood flooring.
Posted by Ben Hur
Baton Rouge, LA
Member since Feb 2013
888 posts
Posted on 12/22/21 at 12:10 pm to
Grey wall paint is one thing, but grey floors is too much of a commitment. When the grey look goes fully out, a lot of houses will be stuck with it. Grey floors are the new wallpaper, or the new wood-panel walls.
Posted by CrystalPreserves
Member since May 2019
2589 posts
Posted on 12/22/21 at 12:14 pm to
There’s no escaping that phenomenon with whatever color or thing you choose. Maybe one day we’ll have full led walls, floors, and ceilings that we can change the colors thru an app with a couple finger swipes.
Posted by Swagga
504
Member since Dec 2009
16147 posts
Posted on 12/22/21 at 12:15 pm to
quote:

Was originally listed in August at $329,900. No bites, was delisted and relisted (this should be not allowed - just plays with "days on market" metric) at $319,900, and now is $314,900.



It sounds to me like the market is working as intended.

If someone wants to delist their house that’s on them and should absolutely be allowed.
Posted by Abstract Queso Dip
Member since Mar 2021
5878 posts
Posted on 12/22/21 at 12:16 pm to
I like that type of wood flooring. I just like to cover it with a giant beautiful rug.
Posted by Ignignot
Member since Mar 2009
18823 posts
Posted on 12/22/21 at 12:19 pm to
Market is going to take a dive this spring whether people want it to or not....sorry if you're in real estate....it's happening
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37105 posts
Posted on 12/22/21 at 12:21 pm to
quote:

Grey wall paint is one thing, but grey floors is too much of a commitment. When the grey look goes fully out, a lot of houses will be stuck with it. Grey floors are the new wallpaper, or the new wood-panel walls.


Almost every new house being built around here has the gray/white combo with bright white lighting. I'm not a fan either.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
48548 posts
Posted on 12/22/21 at 12:21 pm to
quote:

Market is going to take a dive this spring whether people want it to or not....sorry if you're in real estate....it's happening

Rising interest rates are definitely going to cause a housing correction pretty soon. They've been held artificially low for over a decade now.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37105 posts
Posted on 12/22/21 at 12:22 pm to
quote:

It sounds to me like the market is working as intended.


The fact it's even listed that high to begin with amazes me.

quote:

If someone wants to delist their house that’s on them and should absolutely be allowed.


When it's delisted and then relisted the very next day, they are playing a metrics game.
Posted by kingbob
Sorrento, LA
Member since Nov 2010
67092 posts
Posted on 12/22/21 at 12:22 pm to
Don't forget that hedge funds are buying up all of the semi-desirable single family homes in America using the money in your 401k and pension plans to do it.

They are creating a bubble which will destroy your retirements when it bursts while also pricing you out of your homes in the mean time. The Great Reset is almost here.
This post was edited on 12/22/21 at 12:24 pm
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37105 posts
Posted on 12/22/21 at 12:23 pm to
quote:

Rising interest rates are definitely going to cause a housing correction pretty soon. They've been held artificially low for over a decade now


Hopefully most current buyers are locking in fixed rates... but if they need to sell there are going to be issues. Sure seems like most people are borrowing as much as they can / low equity.
Posted by EA6B
TX
Member since Dec 2012
14754 posts
Posted on 12/22/21 at 12:25 pm to
quote:

bought my house in 2015 for 160K... about 80 per sq ft


That’s hard to believe unless it’s a “double wide”.
Posted by 777Tiger
Member since Mar 2011
73856 posts
Posted on 12/22/21 at 12:27 pm to
“double wide”

don’t go getting uppity on us baw
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
31129 posts
Posted on 12/22/21 at 12:28 pm to
quote:

That house would be $1.3 million plus in my neighborhood in Naples.


Subtle "I live in a house" brag.
Posted by MrJimBeam
Member since Apr 2009
12305 posts
Posted on 12/22/21 at 12:28 pm to
quote:

I bought my house in 2015 for 160K... about 80 per sq ft


Which president Avenue? Sounds like Taft or Roosevelt.
Posted by Areddishfish
The Wild West
Member since Oct 2015
6282 posts
Posted on 12/22/21 at 12:29 pm to
quote:

Zillow shows my home has increased in value by 86% in 5 years.


We bought for $180k 3 years ago and fixing to sell for $230k
Posted by fallguy_1978
Best States #50
Member since Feb 2018
48548 posts
Posted on 12/22/21 at 12:31 pm to
Zillow shows mine is worth 100k more than we paid for it 6-7 years ago but I don't think we'd be able to get that much. Maybe 50k more than we paid.
Posted by danilo
Member since Nov 2008
20123 posts
Posted on 12/22/21 at 12:31 pm to
quote:

3 bed, 2 bath, new construction, 1800 sq ft house, 5,000 sq ft lot, no garage. In CHALMETTE. Was originally listed in August at $329,900. No bites, was delisted and relisted (this should be not allowed - just plays with "days on market" metric) at $319,900, and now is $314,900.

Guess I am adjusted to the market because I don’t think that’s bad. $300k for a new house in the metro area? Hell yeah
This post was edited on 12/22/21 at 12:32 pm
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37105 posts
Posted on 12/22/21 at 12:40 pm to
quote:

Don't forget that hedge funds are buying up all of the semi-desirable single family homes in America using the money in your 401k and pension plans to do it.


Wouldnt the bubble burst hurt their balance sheets... or are they ok because they will drive rental income?
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