Clean undercarriage Tuesday

Was hoping to be in the market for a house this fall once my lease ran up. But I'm just not sure I can rationalize getting one in this market right now. Tired of living in a small ass apt, but I have to think the prices are going to settle and come back to earth a little sometime. Most homes are 50-60k more than they were just 5 years ago, with little to no improvements from then. Anything that is on the market here, doesn't last more than a day or so. I know of people who have put offers down at asking price, but got screwed over by people paying 20-30k over asking. Some without ever looking. Fucking annoying. And of course one of the counties here put a moratorium on residential development for the next 6 months, which means it won't help the supply side.
 
RubinRock said:
Was hoping to be in the market for a house this fall once my lease ran up. But I'm just not sure I can rationalize getting one in this market right now. Tired of living in a small ass apt, but I have to think the prices are going to settle and come back to earth a little sometime. Most homes are 50-60k more than they were just 5 years ago, with little to no improvements from then. Anything that is on the market here, doesn't last more than a day or so. I know of people who have put offers down at asking price, but got screwed over by people paying 20-30k over asking. Some without ever looking. Fucking annoying. And of course one of the counties here put a moratorium on residential development for the next 6 months, which means it won't help the supply side.
Click to expand...
buy buy buy
 
RubinRock said:
I fucking wish. Grad school ate that up
Click to expand...
run now doctor who GIF by BBC America
 
SlinkyRedfoot said:
For sure it's not a new thing, but as I understand it, the volume in which it's happening right now is.
Click to expand...
Dont think they are very smart if they are in right now.

WHen the market crashed last time, it was 2006. Prices didnt bottom out until around 2009. Thats when the investor came in like hoards of vultures and bought up houses like crazy. I dont know any investors that are currently buying. Most of those that bought between 2009 and 2011/12, are slowly selling them off now and cashing in huge.
 
changed my towels and washcloth today.

that thread yesterday freaked me out
 
You must log in or register to reply here.
Back
Top