Too far from fishing for me, but the prices there are almost stuck in time.
Housing market
- Thread starter simply1
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Odd question have a relative trying to sell a place that before he bought it they made the garage an extra bedroom. So of course everyone that is interested says this place could really use a garage. Question is can you build a garage in front of your house in west Des Moines? There is plenty of land in front of the property for it and there is no sidewalk or anything that it would interfere with.
They need to contact the West DSM Development Services dept.
Yes, but you have to get approval first. If he’s selling the house, I wouldn’t waste money on building a garage.
Property taxes in story county are down this year compared to last year. Pleasantly surprised.
Story county as well. My levy rate went from 31.86 to 30.70. My assessed value went up 36%. Pleasantly
There is a process to object to it. Review houses in your area to see if they all saw a similar increase, it's all public information to do some quick research. Also, did you have any home improvements since the last assessment?
I'm a finish carpenter. Houses are still going up but we're all nervous it will show down with rate hikes.
Housing market has dialed back just a smidge up here but rents are crazy and people are paying it. Kind of sad how some people have such bad credit from being young and dumb and could be paying a heck of a lot less per month by owning it vs renting it but can’t get approved.
A starter home is $300 k now a days. It's not just because people have bad credit, and let's not forget we had the Great Recession and the Pandemic. That's two of the worst economic instances the modern world has known in 10 years for the Millennials and Gen Z. Nothing has been normal in my life since 9-11. I was 16.
Or they are planning on moving soon, or think the market will go down and they will have a lower price, or they do t have a down payment, or…….. in the long run you don’t gain a bunch by owning a home. You always have to have one. The money comes from when you sell the house. Which is usually your heirs making the money.
Kind of hard considering I've never really experienced it. You participated in the thread where we had already talked about all these things so I'm not going to waste my time.
Add in skyrocketing rents taking away money that could have been used to save for down payments.
Just overall symptoms from not enough units being built over the last 10-15 years driving things up across the board.
This is correct. After the Great recession when the banks stuck it up our behinds contractors stopped building by about 50%, what they were building. Thus we have a crazy shortage on homes.
College tuition doubled while I was at Iowa State. I think it's 1.3 trillion dollars that we owe collectively for student debt as a country. Had they not taken all the government funding away it would probably be closer to 8 or 900 billion. Then add in the Iraq and Afghan wars. Younger generations got strapped with about 2 trillion dollars worth of debt that they had no participation in as far as policy goes.
Glad here starters aren’t 300k
or because they can’t get approved for the loan. 3 houses around us all had instances of “buyers” not being able to get approved for the amount because of credit issues.
So normal, in your opinion, is something that hasn’t happened in 20 + years? I think what you are wanting is the abnormal of the 50s. What you have seen financially since 9/11 is pretty much how the world has been.
Right but it's asinine to ignore the fact that your generation grew up in that and now we're facing much harder circumstance and yet all we hear is that we're just terrible with money and we're all in debt cuz we don't know what we're doing when in reality it was forced upon us.