So when’s the housing bubble bursting?
- Thread starter Dr. Truth
- Start date
got to say
the sucky thing about being a home owner
you start to buy house stuff as gifts to yourself
this Christmas, i'm getting a fancy new garage door with wifi
if i have money left over, might even spoil myself and get a new kitchen sink
What's the name of the garage or what brand?
looking at Amarr garage doors through costco
heavy duty with windows
something like this
looking at Amarr garage doors through costco
heavy duty with windows
something like this
Nice and the wifi allows you to open and close using an app?
Good for his ass!
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Lol maybe 200 of them, nationwide, sell that much. The commercial agents do well. Trust me I know the business very well.
he's not capping, i looked up his license# and seen all the transactions last yr and it lined up
got to say
the sucky thing about being a home owner
you start to buy house stuff as gifts to yourself
this Christmas, i'm getting a fancy new garage door with wifi
if i have money left over, might even spoil myself and get a new kitchen sink
We're currently getting some renos done at work. They're wrapping up the kitchen remodel at the moment (should be done by early next week) and up next will be the washrooms (they're doing 4 of them). We've had some appliances replaced earlier this fall.
Kitchen remodel was needed - plenty of wear & tear since the late-90s.
Next year they're looking to replace the fence & gates.
Yo. I had (sold our house) a chamberlain garage system (Lowes). Almost anything over $200 will get you decent HP, wi-fi (My Q app - open and close via your phone) and a belt drive (quiet).
The place I’m renting now, we just installed a $25 Chamberlain garage wi-fi adapter that allows any garage built after 2005 to be modified for the My Q app
I didn't say that he was lying but if he's a residential agent, that's a lot of work to do to take home barely $1M
yeah he's residential, pretty much all his properties were in the close to $1mil to $2.Xmil range so he did volume last yr. Doing the math of 3% on that is $1.67 mil, but i mean i know hes got expenses like he took out bunch of ads etc. as well as whatever he's offering clients like covering closing costs etc. That's still a lot of money
Opendoor was buying near list up until about May in my area and since then? Lot of their properties listed 10%-15% below their purchase price and sitting on the market 60-75 days +.
A LOT of their listing have”virtual staging” pictures of the downstairs areas (living, dining, family rooms) which makes me think those homes must need significant work and upgrades.
A LOT of their listing have”virtual staging” pictures of the downstairs areas (living, dining, family rooms) which makes me think those homes must need significant work and upgrades.
Most of those homes were trash and flipped poorly. Most won't pass inspection. Fuck them.
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The neighborhood behind me sold two houses this year at 365k and 350k. The latest house that’s on the market in the same neighborhood was listed at 399k. It’s been put back on the market twice. It’s now listed at 299k. Mind you, it’s the SAME type of house they other two sold for.
This is what the housing “crash” is going to look like. People that overpaid for houses are going to be stuck in loans that’s much higher than the value of the house. Mostly investors that over purchased properties are the biggest losers in all this.
This is what the housing “crash” is going to look like. People that overpaid for houses are going to be stuck in loans that’s much higher than the value of the house. Mostly investors that over purchased properties are the biggest losers in all this.
That's what I was afraid of, that folks are going to be upside down in their houses, just like when you pay to much for a car.
A sharp increase in ownership by blacks when the prices were at their highest, could be a bad sign.
Yep I noticed that most were back on the market in 30-45 days of purchase at 20%-30% more than the purchase price. And the houses they bought, for the most part, are in older areas of town where the houses and neighborhoods were built in the 80s and 90s and everything from the exterior of the house to the landscaping and interior designs reflects that period. They all look dated. Folks selling home built in the last 10 years or so had no issues selling to conventional buyers at or above cost, I’m guessing in no small part due to the homes being more modern, and in a town where new homes are still being built if you’ve got the cash for em, folks trying to get in at or under $325k or so are kind of stuck with older options.
It looks like OD is stuck with a bunch of inventory now and are slow to drop prices but most of their listings are ending up below cost and on the market 60+ days. Folks who sold those outdated houses that needed tons of dollars to update them into something more modern, they have to feel they made out like bandits.
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Ain’t no way this is true
What??