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The Buyer's strike is on!
Inventory skyrocketing, completed transactions plummeting, stalling across the nation. The biggest COVID markets are the first to start the collapse.
Rates, Schmates. It's the underlying price that's too DAMN high.
Knock inflated Assets to the ground!
As I said, the fun really begins a quarter or so after the first rate cut. That's when reality bites the homeloaner's prized paper puffed up asset.
Wonder how this will effect Canadian and Western US R/E markets.
Western Broward County 1970s 3/2 townhouse
sounds like The Everglades is your backyard
Broward sucks ass, but I do remember when they went for a reasonable sum. Here's an example of "Pizza Hut" roofed townhouse. Probably went for way under $200k just a few years ago. This neighborhood is full of low-level Broward County employees -Trayvon Martin's mom type people,etc:
But if they put a George Zimmerman in charge of the HOA there and drop the asking price from $300,000 to $175,000 then I would consider it a good value.
More cheer. Another California Dreamin' Beach Ass Reamin'. Cutsie Wootsie in California gonna cost you dear. Too many oligarchs, not enough beach.
Lol. $130-140k per year for PITI likely. What a joke. I take 20 minute shits..
WookieMan says
Lol. $130-140k per year for PITI likely. What a joke. I take 20 minute shits..
Beachfront mobile home lot rents (not including HOA fees) exceed $5k a month (could be higher, that was 2 years ago).
Seniors Reamed on Rent Increases De Anza Mobile Home pdf
And that's not even a nice beach.
This Santa Cruz gem sugar shack is actually in a meth ridden crime area on west side
I think big grassy lawns are a waste and a PITA.
a mix tape on the walkman
AmericanKulak says
a mix tape on the walkman
I still have a Walkman but have not used it in 20 years. Mp3 and now phone/bluetooth kinds took over.
I'm guessing that place Ceffer posted would go for $100k more just making the yard look "pretty" to get more showings.
If I remember correctly I think in CA you can tear down to the foundation, leave one wall up, extend, rebuild whatever and your property taxes will not be effected?
So, you are saying that at today's labor rates that would be a wash?
I was a little kid but I remember walking around in one of them and him saying, "I couldn't do this shit in CA", even back then it sucked apparently.
If I remember correctly I think in CA you can tear down to the foundation, leave one wall up, extend, rebuild whatever and your property taxes will not be effected?
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https://finance.yahoo.com/news/pimco-kiesel-called-housing-top-160339396.html?source=patrick.net
Bond manager Mark Kiesel sold his California home in 2006, when he presciently predicted the housing bubble would pop. He bought again in 2012, after U.S. prices fell more than 30% and found a floor.
Now, after a record surge in prices, Kiesel says the time to sell is once again at hand.