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03-01-2021, 01:19 AM | #4426 |
Scooby Newbie
Member#: 143938
Join Date: Mar 2007
Chapter/Region:
NWIC
Location: Oregon
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I had to look up our place
Bought it for 80k at a foreclosure auction in 2011. 8 acres of "farm" and a house that is definitely livable, but could use replaced over remodeling. Zillow's estimate is $375k right now Madness
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03-01-2021, 03:28 AM | #4427 |
Scooby Newbie
Member#: 107150
Join Date: Feb 2006
Chapter/Region:
TXIC
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03-01-2021, 06:56 AM | #4428 | |
Scooby Newbie
Member#: 253380
Join Date: Jul 2010
Chapter/Region:
Tri-State
Location: NJ / NYC
Vehicle:02 WRX |
Quote:
As for general housing prices, I still think they are unsustainably high and we'll see them dip. A lot of people reluctantly overpaying from FOMO, but at some point the music stops and someone's left without a chair....temporarily though. |
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03-01-2021, 07:02 AM | #4429 |
Scooby Specialist
Member#: 34670
Join Date: Mar 2003
Chapter/Region:
South East
Vehicle:2016 slowmobile |
Hunting is big. You can even rent it out to hunters for profit.
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03-01-2021, 07:56 AM | #4430 | |
Scooby Specialist
Member#: 140147
Join Date: Feb 2007
Chapter/Region:
MAIC
Location: Lynchburg, VA
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Quote:
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03-01-2021, 09:08 AM | #4431 | |
Scooby Newbie
Member#: 171486
Join Date: Feb 2008
Chapter/Region:
International
Location: Hiding from The Google
Vehicle:2019 911 GTS Silver |
Quote:
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03-01-2021, 09:43 AM | #4432 | |
Scooby Guru
Member#: 26859
Join Date: Oct 2002
Chapter/Region:
TXIC
Location: undisputed COMBAT! champion
Vehicle:of TXIC I also like (oYo)!!!! |
Quote:
mosquito breeder could be a thing though. |
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03-01-2021, 10:38 AM | #4433 | |
Scooby Guru
Member#: 15934
Join Date: Mar 2002
Chapter/Region:
MWSOC
Location: Yorkville, IL
Vehicle:2021 GTI Cornflower Blue |
Quote:
She ended up getting her list, which was 15k over what we paid 9 months ago. She also mentioned that her kitchen stove was a 10k list, but she didn't pay 10k for it. She said that she thinks the kitchen is what sold the house. Not sure what her husband did, he was never really outside all summer last year, but I know they were older and she said they were moving to Arizona. We just got new appliances recently. I'm still of the thought that if the market continues to go up like it has been, next summer we should list and get out while the prices are up, miss that capital gains tax and upgrade yet again! But that's just a dream. My wife works with the husband of our realtor that we bought/sold with last year. She said that inventory in the area is crazy, people are getting ask within 2 days, that she can't find replacement homes for anyone. Based on the few other sales in our neighborhood, Zillow is saying we've already gained close to 30k in value, but who knows how accurate that is. |
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03-01-2021, 10:50 AM | #4434 |
Scooby Specialist
Member#: 21356
Join Date: Jul 2002
Chapter/Region:
NESIC
Location: Can't catch me!
Vehicle:2017 Subaru Corolla STI Limited SE-R Type (R) |
I just fixed the dishwasher.
That alone should be a 10k increase in price Zillow puts my house, which I bought in June last year, 30k above what I paid. Its really crazy. I was telling the gf that by the time we retire, the polar caps will be melted and my location will be prime spot, worth in the millions. Im thinking that might actually come true. |
03-01-2021, 10:54 AM | #4435 |
Scooby Specialist
Member#: 66310
Join Date: Jul 2004
Chapter/Region:
South East
Location: Removing passenger seat
Vehicle:2023 korean muscle |
bought for $320,000 in July 2017. Zillow estimates $420,000
Granted we did put solar on the roof but it definetly was not $100,000 It doesnt matter since we have no plans to sell but this is crazy town. |
03-01-2021, 11:16 AM | #4436 |
Scooby Newbie
Member#: 12271
Join Date: Nov 2001
Location: Colorado
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Yeah the market is insane and it seems like that is the case everywhere or at least all urban markets. I really question how this can be sustained.
We bought our current place in May 2014 for 565k, Zillow has current Zestimate at $1,011,074. Crazy. That doesn't even account for some significant changes we've made such as finishing the 1200sqft basement and adding a new deck, two pergolas and two stamped patios. We would like to change homes too but are waiting for the goldilocks home and so far nothing has been right, close but not perfect. I suppose there is parity in buying at this peak right now if we also sell current home for a peak price, but it's just a damn weird time to buy a place. |
03-01-2021, 12:51 PM | #4437 | ||
Scooby Newbie
Member#: 107150
Join Date: Feb 2006
Chapter/Region:
TXIC
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Quote:
You could probably do some bird hunting on it. Deer hunting would be pushing it. My dad has about 600 acres in West TX that they do some deer hunting on...that's probably the minimum you would need to do any real large game hunting. Quote:
If your primary residence has most of what you need, particularly space, the value of having a second home diminishes. Ultimately I'd like for our kids to spend some time there in the country if nothing else than to get away from the city. We're mostly heat farmers, but I could consider mosquito breeding if the price was right. |
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03-01-2021, 01:05 PM | #4438 | ||
Scooby Guru
Member#: 157348
Join Date: Aug 2007
Location: OOoOuuUUUGGGHH!!!!!
Vehicle:I Thlammed My Penith in the Car Door |
Quote:
Quote:
It's fine! It will all work out, what's important is that I continue to save until the market does cool off - because it sounds like everyone who lives in the real world knows that double-digit growth every year with massive unemployment and wage stagnation is not sustainable. |
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03-01-2021, 02:55 PM | #4439 |
Scooby Specialist
Member#: 66310
Join Date: Jul 2004
Chapter/Region:
South East
Location: Removing passenger seat
Vehicle:2023 korean muscle |
xan, it sucks and you probably dont want to hear this but a lot of the time in order to buy a home you need to move to a cheaper area.
We had this same exact problem in NJ, ****ing dumps were $300,000 and up. It took moving to NC for us to be able to afford a nice home. |
03-01-2021, 03:01 PM | #4440 |
Scooby Guru
Member#: 157348
Join Date: Aug 2007
Location: OOoOuuUUUGGGHH!!!!!
Vehicle:I Thlammed My Penith in the Car Door |
Oh yeah, I'm not even looking in Portland proper anymore. That's even worse!
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03-01-2021, 06:15 PM | #4441 | |
Scooby Newbie
Member#: 107150
Join Date: Feb 2006
Chapter/Region:
TXIC
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Quote:
Not saying this is Xan's deal, but a lot of people don't want to hear that. I've made sacrifices and moved all around the world (including living in the Middle East for 3 years) to get ahead of the game and ultimately better myself and my family's situation. Life is hard, but a lot of people don't want to do anything about it. I've lived in North Carolina for a few years as well. Man, that's a beautiful place. I would like to have a wooded place there with some land, but unfortunately it's probably not in the cards for me. |
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03-01-2021, 07:20 PM | #4442 |
Scooby Guru
Member#: 157348
Join Date: Aug 2007
Location: OOoOuuUUUGGGHH!!!!!
Vehicle:I Thlammed My Penith in the Car Door |
Yeah, if homeownership were that big of a priority for me I'd absolutely move to a cheaper area. As it stands, I have a good job with a lot of room to grow at a company that's only on the west coast, an established, popular band in the local scene, a matched savings account for home purchases that's only good for homes bought in Oregon, and my whole family lives here. So, a lot of factors that I place a higher value on than homeownership are keeping me here.
Every so often I get a wild hair about moving to Montreal, though, since housing is cheap, je parle un peu de francais, and my mom has dual citizenship US/Canada that I could probably piggyback off of. I'd probably feel different if I lived somewhere as bat**** ****ing crazy as San Francisco, though. |
03-01-2021, 07:46 PM | #4443 |
Scooby Specialist
Member#: 177235
Join Date: Apr 2008
Chapter/Region:
NWIC
Location: Washington
Vehicle:2016 Focus RS 2002 WRX Wagon |
It's all good dude there are plenty of us buying homes in PNW. It's tough, but doable and worth it once you're in.
Just don't go looking at what your money could buy somewhere else |
03-01-2021, 09:15 PM | #4444 |
Scooby Specialist
Member#: 21356
Join Date: Jul 2002
Chapter/Region:
NESIC
Location: Can't catch me!
Vehicle:2017 Subaru Corolla STI Limited SE-R Type (R) |
I remember that depressing feeling.
Looking up online, only to find crappy houses for extremely high prices. Reminded me of online dating |
03-01-2021, 10:18 PM | #4445 |
Scooby Guru
Member#: 157348
Join Date: Aug 2007
Location: OOoOuuUUUGGGHH!!!!!
Vehicle:I Thlammed My Penith in the Car Door |
My brother is in the process of moving here from Kansas City. Do you know what $300,000 buys you in Kansas City!?
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03-01-2021, 10:33 PM | #4446 |
Scooby Specialist
Member#: 90804
Join Date: Jul 2005
Chapter/Region:
SCIC
Location: SFV
Vehicle:2021 Ascent 2012 Accord |
A hell of a lot more than LA or Phoenix?
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03-02-2021, 12:43 AM | #4447 |
Scooby Specialist
Member#: 47143
Join Date: Nov 2003
Location: Toronto
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03-02-2021, 06:51 AM | #4448 | |
Scooby Newbie
Member#: 253380
Join Date: Jul 2010
Chapter/Region:
Tri-State
Location: NJ / NYC
Vehicle:02 WRX |
Quote:
I think they live in this bubble of seeing things expensive now, but for years prior people moved to where and buy what they could afford, and areas developed and values went up. And for every millenial making a low salary, there's one making a stupid high salary - it blows my mind sometimes. That said, I think we need ways to make those non coastal cities more desirable to open up the value of that land/cheap housing. Remote work makes that possible, and it would be nice to bring back SOME manufacturing which some people say it's impossible but I disagree. |
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03-02-2021, 07:55 AM | #4449 |
Scooby Specialist
Member#: 21356
Join Date: Jul 2002
Chapter/Region:
NESIC
Location: Can't catch me!
Vehicle:2017 Subaru Corolla STI Limited SE-R Type (R) |
Has Garage!
*Goes to check out house and garage is so small I cant even fit my car* |
03-02-2021, 08:00 AM | #4450 |
Scooby Specialist
Member#: 47143
Join Date: Nov 2003
Location: Toronto
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