Im bowing out

[OntarioHunter]

Holy shit, Hanna? are they opening the mine back up

Are you kidding? Wow! My 1929 house with half the sq ft could sell for $300K tomorrow if I listed it. What's the catch? High crime district? Interior gutted by a herd of cats?

 

[Deleted member 16014]

Whelp I think I might be bowing out of this shit show market.

I think the 2023 variable that needs to be discussed is “can” you actually buy a house. I submit it’s not actually possible in many markets.

Currently we have put offers on 6 places with no luck, all $25k+ over asking went up to $80k over on one place. 1 month occupancy after closing for free, waived all inspections.

Nada.

One place went for $140k over asking so ~25% over list price.

Younger generations in this country are so f-d it’s not even funny.

On the bright side, now that you've accepted defeat you can really lower your expectations for happiness and traditional measure of success. It's great!

 

[BackofBeyond]

On the bright side, now that you've accepted defeat you can really lower your expectations for happiness and traditional measure of success. It's great!

He can, but if the Mrs is anything like mine, I doubt she will.

 

[Handlebar]

Are you kidding? Wow! My 1929 house with half the sq ft could sell for $300K tomorrow if I listed it. What's the catch? High crime district? Interior gutted by a herd of cats?

You been to Hanna?

 

[Nick87]

He can, but if the Mrs is anything like mine, I doubt she will.

We both did lol

 

[Deleted member 28227]

On the bright side, now that you've accepted defeat you can really lower your expectations for happiness and traditional measure of success. It's great!

Gus is on board just got to convince the rest of the family

 

[Addicting]

We searched for a long time before we bought. Lots of deals just like you mentioned. You will eventually find the one. Just keep swimming…

 

[TOGIE]

That’s wild @wllm cant believe crap is that competitive still. Admittedly not actually “in” the market so I don’t have a good pulse but it seems like all I get are price reductions notifications anymore in my area from Zillow

Just seems like things are rapidly slowing down, can’t believe sellers are getting away with what you’re dealing with still

 

[Wildabeest]

On the opposite extreme, $1.7M for 1700 sqft of just dirt…

243 Woodside Ave, Park City, UT 84060 | realtor.com®

View detailed information about property 243 Woodside Ave, Park City, UT 84060 including listing details, property photos, school and neighborhood data, and much more.

apps.realtor.com

 

[VikingsGuy]

On the opposite extreme, $1.7M for 1700 sqft of just dirt…

243 Woodside Ave, Park City, UT 84060 | realtor.com®

View detailed information about property 243 Woodside Ave, Park City, UT 84060 including listing details, property photos, school and neighborhood data, and much more.

apps.realtor.com

Or think of it this way, $1,000 for the lot and $1,699,000 for one nice christmas tree.

 

[BuzzH]

That’s wild @wllm cant believe crap is that competitive still. Admittedly not actually “in” the market so I don’t have a good pulse but it seems like all I get are price reductions notifications anymore in my area from Zillow

Just seems like things are rapidly slowing down, can’t believe sellers are getting away with what you’re dealing with still

I wish this craziness would stop, not slowing down any here...the value of my double-wide is getting out of hand. Built this joint for $320K. Getting taxed on $783,000.

Zillow says:


Zestimate

$750,900​

Zestimate range

$683,000 - $818,000​

Last 30-day change

+ $13,997 (+1.9 %)​

 

[Dougfirtree]

That’s wild @wllm cant believe crap is that competitive still. Admittedly not actually “in” the market so I don’t have a good pulse but it seems like all I get are price reductions notifications anymore in my area from Zillow

Just seems like things are rapidly slowing down, can’t believe sellers are getting away with what you’re dealing with still

There are some markets that stay that crazy through all the ups and downs. Some places are just consistently desirable.

 

[Mountain Man]

I’ll never really know what the optimal timing could have been, but I am happy I bought last October. It is much less stressful to have a house when reading this thread compared to before I bought and seeing all the prices jump up.

 

[BuzzH]

Also ridiculous, first house we bought here for 108K in 2001, now our rental property. I agree, I don't know how young people enter this crazy market...

The thing that bothers me, is that these type of, what I would think qualify as starter or entry level homes, are increasing the most in value.

Its insane.

Home value​

Zestimate

$276,300​

Zestimate range

$249,000 - $301,000​

Last 30-day change

+ $10,255 (+3.9 %)​

 

[Deleted member 28227]

I wish this craziness would stop, not slowing down any here...the value of my double-wide is getting out of hand. Built this joint for $320K. Getting taxed on $783,000.

Zillow says:


Zestimate

$750,900​

Zestimate range

$683,000 - $818,000​

Last 30-day change

+ $13,997 (+1.9 %)​

This is one of the houses we put on offer on, $750k was the winning offer but had a sewer issue.

 

[BuzzH]

This is one of the houses we put on offer on, $750k was the offer but had a sewer issue.

View attachment 272875

WOW!

Yeah, I don't know how to respond to that actually.

 

[Deleted member 28227]

Also ridiculous, first house we bought here for 108K in 2001, now our rental property. I agree, I don't know how young people enter this crazy market...

The thing that bothers me, is that these type of, what I would think qualify as starter or entry level homes, are increasing the most in value.

Its insane.

Home value​

Zestimate

$276,300​

Zestimate range

$249,000 - $301,000​

Last 30-day change

+ $10,255 (+3.9 %)​

The west makes MI look reasonable for sure, my parents bought a lot for $50k in the 90s, built a house for $230k which they thought was insane at the time. Zillow says $1.04MM… 1800sqft, 3 bed 3 bath, mom hasn’t updated anything since it was built.

 

[Deleted member 28227]

WOW!

Yeah, I don't know how to respond to that actually.

I thought our offer was sporty.

Feels like people are playing with Monopoly money.

 

[rtraverdavis]

There are some markets that stay that crazy through all the ups and downs. Some places are just consistently desirable.

We sold our house in PDX last month--got more than 10% over asking, all-cash offer, inspection waived, two week close, three and a half months of free-back. We had offers that were a fair bit higher, but none with as good of terms. I was pretty nervous going into the sale, thinking, who the hell wants to move to Portland any more? Despite the mess the city has become, people really, really want to be there. It worked out great for us, but sure is a mess for first-time home buyers. I have no idea what options will be available in 20 years when my kids are at the age to start thinking about buying a home.

 

[rtraverdavis]

This is one of the houses we put on offer on, $750k was the winning offer but had a sewer issue.

View attachment 272875

That's $*)Q!#@$ insane. Hope you can find something that you guys can live with and feel good about, one way or the other, Will.