Housing market
- Thread starter simply1
- Start date
It’s amazing how many people don’t know this.
That $30,000 purchase could be a $700 monthly payments. When the numbers are tight for an approval a $700 payment could easily put you on the wrong side of an approval.
If I was a little closer to retirement, I would seriously consider selling our house and just renting for a few years.
On the other hand, it seems to me like it's a short term problem but then you hear that it's a long term issue with their not being enough houses.
On the other hand, it seems to me like it's a short term problem but then you hear that it's a long term issue with their not being enough houses.
Congrats, you'll have to.pay that to move into a similar home now
On a side note, there seem to be two extremes in these real estate photos.
The photos are either ridiculously post processed with edited in furniture, fires, sunny views out a window, and grossly overexposed with a ton of filters or you get the household where there has been zero effort placed into making the house look neat and presentable. I mean, you could try and at least clear off your bathroom counters to make it look neat?
The photos are either ridiculously post processed with edited in furniture, fires, sunny views out a window, and grossly overexposed with a ton of filters or you get the household where there has been zero effort placed into making the house look neat and presentable. I mean, you could try and at least clear off your bathroom counters to make it look neat?
Buy the house, buy the car.
Goes together like peanut butter and jelly.
For those not in the industry you'd be surprised how often this is the case.
Had one where the savvy borrower signed an attestation about buying "a" car. Nice, long LOE saying they didn't buy a car.
They bought two cars.
Agree. Younger daughter has two years of HS left. Otherwise I would seriously consider it, we'd bank a tidy sum.
Record Prices For Red Hot Housing Market: 'Fear Of Missing Out'
Homes prices hit a new record and also saw the biggest ever 1-year price gain of 19%. But housing economists caution buyers not to make mistakes buying into the frenzy.
www.npr.org
here is a fun twitter account I came across. just different wild houses listed....(USA, UK, etc)
boomers will love this one.
boomers will love this one.
Saw one in ames with dirty dishes in the sink, food/groceries left all over the little bit of counter space, clothes piled everywhere, and half drank pop bottles on just about every flat surface. Still sold on zillow in less then a week it looks like.
I'll have to see if I can find the link, but found one house a few years ago with decent photos of the house, until you got to the bathroom and the guy is taking photos in his underwear based on the reflection in the mirror...
In hindsight we bought at the perfect time Nov. 2019. We had looked through that summer and fall for a Des Moines metro home close enough to Ankeny to not make my wife’s commute more than 15 min, and I wanted at least 1 acre. Bought a house that needed a little bit of everything but was still livable while I gradually made updates. Got it for a few thousand less than the previous owner bought it for in 1998, and still have Ankeny schools for our young children someday. The hardest part was finding all the things we wanted while still being in a decent school district.
Year and a half later and a comparable house in our neighborhood that at this point is a lot rougher than our own just sold first day on the market for $100k more than we bought for. I think our first thought was to flip this place now, but there’s literally nowhere to go if we did.
I checked all my preset search parameters on Zillow and a few other apps. In late 2019 there was always 50+ results around the metro to consider. Today there is literally two, and both aren’t in a good neighborhood and have poor schools.
Year and a half later and a comparable house in our neighborhood that at this point is a lot rougher than our own just sold first day on the market for $100k more than we bought for. I think our first thought was to flip this place now, but there’s literally nowhere to go if we did.
I checked all my preset search parameters on Zillow and a few other apps. In late 2019 there was always 50+ results around the metro to consider. Today there is literally two, and both aren’t in a good neighborhood and have poor schools.
We toured a house in Omaha once that was pretty normal. Standard split level home, clean, really nothing noteworthy. Then we get to the master bedroom and there is a giant nude painting of the lady of the house above the bed. It appeared to be an semi-professional painting but was definitely a custom project and not something from a gallery.
This is similar to us. We bought a house that was built in 1899 but is in fantastic shape for the age. Kitchen needs an update but it’s a great house. When we toured it last summer, it had sat on the market for months and gradually the sellers were dropping the price. It’s in Adel so just far enough out that it took a specific buyer (us) to be interested. We have 0.5 acre in town with a 3 car heated garage and we’re 15 mins from gma/gpa.
We closed in October 2020 at about 5% below the current asking price. Plus no buyer paid closing. All totaled, this house had been on the market for 6 months. I can’t imagine it would last more than a couple weeks in this climate. We got it at $291k and Zillow/Redfin have it at $315k+ already.