Tucker is one of the cities that borders the city.
So when’s the housing bubble bursting?
- Thread starter Dr. Truth
- Start date
Gotcha.
So I’m curious because here in DC, areas that border DC or within 10-15 minutes from DC townhomes have been going for over a million for years now. I wonder what industries are in ATL where people can afford that?In Buckhead on the street East Andrews,, they have town 1 million plus! They nice but not a million nice. In Brookhaven they starting at million. Seen some for 1.5 million or more
go into Vinings and then shit is stupid!! Parts of metro Atl is ridiculous...
Yep, I got in good in the Vinings. They are starting to reduce prices everywhere though, but they were overpriced anyway.In Buckhead on the street East Andrews,, they have town 1 million plus! They nice but not a million nice. In Brookhaven they starting at million. Seen some for 1.5 million or more
I think it’s out of town people coming from NY and LA and other places that are driving up the prices. Those people see a million plus properties here, and like hell yea. Because million plus properties here are way more spacious and luxurious than in other major cities. But to people that’s been living here or from here it’s like what the fuck is going on!! But ATL is overpriced in all the good areas to live in right now. And it’s not just townhomes; it’s condos homes and even apartments. It’s ridiculous right now
I think it’s out of town people coming from NY and LA and other places that are driving up the prices. Those people see a million plus properties here, and like hell yea. Because million plus properties here are way more spacious and luxurious than in other major cities. But to people that’s been living here or from here it’s like what the fuck is going on!! But ATL is overpriced in all the good areas to live in right now. And it’s not just townhomes; it’s condos homes and even apartments. It’s ridiculous right now
Gotcha and that does make alot of sense....
I am guessing a to afford a million dollar home, both incomes need to be over 100K??
It’s all considered metro Atl; just like LA with all the different cities; but ATL has all these dam counties as well which makes things stupid…
A million dollar home is like 10k a month, give or take, total expenses; so yea if one makes like 300k plus, I would think they would be fine. Depends on what else expenses they have…
Also remember that everything will be more expensive. I got people giving me quotes of $600 month to cut 3500 Sq Ft of grass just because they think you have money. Even the cleaners will clean you out with their prices. You got to get ready for that.
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Chinese firms are buying all the property causing pricing to stay UP... inflation rates caused chinese banking system to fold now....JUST WATCH CLOSELY WHAT HAPPENS NEXT
Lol, it cannot be that severe in the US.
Also, I’m in real estate and I have not seen a Chinese guy or company buy any real estate through my firm in over 2 years.
You seen that Korean Dental Assistant lately? Is she single?
The Chinese are putting $6 billion dollars in a $43 trillion dollar market. They only account for roughly 10% of foreign investments. Canada accounts for $5.5 billion.
Chinese Investors Buy $6.1 Billion Worth Of US Homes In Past 12 Months
For the first time in three years, activity from overseas real estate buyers has increased. During a time when the housing market is under incredible scrutiny and seeing astonishing prices, investors from China are gobbling up available homes. The National Association of Realtors (NAR) reported...
Annual Foreign Investment in U.S. Existing-Home Sales Climbed 8.5% to $59 Billion, Ending Three-Year Slide
While Foreign Investments climbed, the number of existing homes bought by international buyers declined to 98,600 – the fewest since 2009.
www.nar.realtor
U.S. Housing Market has Doubled in Value since the Great Recession, Gaining $6.9 Trillion in 2021
The total value of private residential real estate in the U.S. grew by a record $6.9 trillion in 2021, to $43.4 trillion – more than double the level from a decade ago.
www.zillow.com
Get you a riding or self propelled mower and do it yourself. Shit, me and the wife cut our shit, fuck paying for that shit.
Man, I used to do it myself but I’m not home like that anymore. Definitely not at summer. I did a better job than these dudes.
Man I don’t go to buckhead for dental work anymore. lol. Yes she was outstanding!
You fuck?
Nah, she friend zoned me. Lol.
Next time I’m in the A I’m going for a cleaning and will get her to go out. I’ll be eating
I got a home in Smyrna Vinings area. Like maybe half acre. Fools trying to charge me 100 just for front yard. I was like you got me fucked up. Went to another lawn service he was 120 for front and back; but wanted me to agree to every 2 weeks and sign a 6 month contract. And then said we'll bushes and tree trimmings well that's gonna be 450 to start. I looked at him like
and said you can take your services somewhere else...It's not just NY, DC or LA. This market is crazy. We got old townhouses in Cary, NC a suburbs Of Raleigh that has townhouses going for 1 million.
That thing was $626k two years ago.
9/10 flood risk, mediocre schools, low walk score. This is madness.
Fuck that
This is absolutely insane.
In Buckhead on the street East Andrews,, they have town 1 million plus! They nice but not a million nice. In Brookhaven they starting at million. Seen some for 1.5 million or more
I'm in the Sandy Springs/Dunwoody area.
Both have homes "starting at 800-900k."
One of my jump offs purchased a cookie cutter home in Norcross by the water treatment plant for 550k.
I told her not to buy because she has to work 2.5 jobs to maintain her household but she swore to me prices were going to keep going up.
I don't even want to see what they're charging in Alpharetta, Johns Creek, Vinings, etc.
Shit is crazy. Sandy Springs is one of those crazy areas
gas is ridiculous high in that area also. I would not live in that area. But like I said earlier, these prices in Atl are ridiculous in all the good areas. It will burst for sure though but only for homes that are 500k and more...
Probably because most of us still work from home. My job is about to go remote.
Canadian Millennials Still Dream Of Home Ownership & Here's What They'd Be Prepared To Do
Would you move to buy a home?
www.narcity.com
Canadian Millennials Are Optimistic(ish) About Homeownership
The future of homeownership may not look that bleak for Canadian millennials after all -- even if it’s the result of making sacrifices.
storeys.com
I was just looking at my childhood home and some of the online stats.
My mom sold it for 300+ in 2001.
The new owners took a loss and resold it for under 200k in 2004.
As of 2019 it was assessed at 1.4 million, and as of last year at 1.6 million.
The house is 60+ years old. Decent area, nothing special. Only 3 bed, 2.5 bath.
My mom sold it for 300+ in 2001.
The new owners took a loss and resold it for under 200k in 2004.
As of 2019 it was assessed at 1.4 million, and as of last year at 1.6 million.
The house is 60+ years old. Decent area, nothing special. Only 3 bed, 2.5 bath.
That's the dilemma. You're working so much to maintain the place that you can't really enjoy it. Having to remind yourself it's for the long-term investment.
It's a bit easier when you're younger and saving for a place. When you're working like crazy - lots of money is coming in (and you don't have time to spend it - just save it for the downpayment and eventual mortgage). As you get a bit older it's tougher to keep up the 2 - 2.5 jobs challenge. Wears you out.
Does she enjoy her jobs / pay pretty well?
Shit...Decatur been had million dollar + houses. But here's the thing people dont get. People are paying 7 figures not just for the house, but the school district. If you have 2, 3, 4 kids, buying a house with multiple bedrooms thats in a good district is much cheaper than private school...and tax deductible and you build equity.In Buckhead on the street East Andrews,, they have town 1 million plus! They nice but not a million nice. In Brookhaven they starting at million. Seen some for 1.5 million or more
a row house. you could have bought this for less than $500k 20 years ago
https://jennsmira.com/listing/927-n-street-nw/
https://jennsmira.com/listing/927-n-street-nw/