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05-06-2013, 10:53 AM | #2 |
Bazinga!
Join Date: Sep 2005
Location: Houston, TX
Casino cash: $181820
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Selling like hot cakes. I've had a couple friends put their homes on the market recently...multiple offers within days and both sold above list price.
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Posts: 5,494
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05-06-2013, 10:54 AM | #3 |
Chiefn' It
Join Date: Jan 2009
Location: IndepMo
Casino cash: $7955142
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My old house, ex still lives in is appraising for 20k less than the loan balance. East Independence. Sucks!
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Posts: 1,487
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05-06-2013, 10:55 AM | #4 |
MVP
Join Date: Apr 2001
Casino cash: $10008447
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Just to compare, I just sold a half acre lot for 45K. (Western Colorado) It is admittedly in a very nice area and would have gotten at least 65k not that many years back.
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AND SOMETIMES IT'S NOT SO EASY ESPECIALLY WHEN YOUR ONLY FRIEND TALKS SEES LOOKS AND FEELS LIKE YOU AND YOU DO JUST THE SAME AS HIM -Jiimi Hendrix |
Posts: 5,995
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05-06-2013, 10:56 AM | #5 |
Has a particular set of skills
Join Date: Dec 2003
Location: On the water
Casino cash: $1608962
VARSITY
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No way around here. The Florida market crashed as hard as any place in the USA. Anything thats priced at current market value is gone in a couple of days within 2-3% of asking price.
Prices are up 20% in the last 6 - 9 months.
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Mind you own damn business |
Posts: 79,865
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05-06-2013, 10:58 AM | #6 | |
Has a particular set of skills
Join Date: Dec 2003
Location: On the water
Casino cash: $1608962
VARSITY
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Quote:
They were inflated by the demand of people who shouldn't have been given a loan in the first place because they can't afford the house. People making $40K - $50K in household income buying $300K houses with 3% - 5% down is a recipe for a bubble that did burst.
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Mind you own damn business |
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Posts: 79,865
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05-06-2013, 11:00 AM | #7 |
#RIPAce
Join Date: Jan 2009
Location: So Cal
Casino cash: $11892899
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Prices here are definitely moving up. We just had a house on our street go for just a little less than what we paid for ours back in 2008 (same model).
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Posts: 17,345
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05-06-2013, 11:00 AM | #8 |
Veteran
Join Date: Apr 2005
Location: St. Louis :(
Casino cash: $9989900
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One of my wife's friends was trying to buy a house in our subdivision recently. Apparently they got in a 3 way bidding war and lost. My wife said she was pretty bummed because they haven't been able to find much else that they have liked in the past few months.
n=1, of course, but the story really surprised me. I was under the impression it was still a strong buyer's market. |
Posts: 2,313
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05-06-2013, 11:03 AM | #9 | |
Say hello to my little friend
Join Date: Aug 2000
Location: Larryville
Casino cash: $9598422
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Quote:
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Posts: 47,314
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05-06-2013, 11:04 AM | #10 |
Has a particular set of skills
Join Date: Dec 2003
Location: On the water
Casino cash: $1608962
VARSITY
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Sadly, you are probably right. I was underestimating the greed of us humans.
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Mind you own damn business |
Posts: 79,865
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05-06-2013, 11:04 AM | #11 | |
MVP
Join Date: Apr 2001
Casino cash: $10008447
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Quote:
__________________
AND SOMETIMES IT'S NOT SO EASY ESPECIALLY WHEN YOUR ONLY FRIEND TALKS SEES LOOKS AND FEELS LIKE YOU AND YOU DO JUST THE SAME AS HIM -Jiimi Hendrix |
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Posts: 5,995
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05-06-2013, 11:06 AM | #12 |
Rabbi Goldmann
Join Date: Nov 2012
Casino cash: $5450159
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I tried to sell my house last summer for what I paid for it 10 years ago. Mind you I bought in 2003 which still was before the major bubble of 05-06 and the KC area wasn't exactly over-heated to begin with. Couldn't get a single offer on a 4-bedroom home in the suburbs. So i don't really believe the housing market is ok.
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Posts: 87,025
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05-06-2013, 11:09 AM | #13 | |
MVP
Join Date: Apr 2001
Casino cash: $10008447
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Quote:
j/k
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AND SOMETIMES IT'S NOT SO EASY ESPECIALLY WHEN YOUR ONLY FRIEND TALKS SEES LOOKS AND FEELS LIKE YOU AND YOU DO JUST THE SAME AS HIM -Jiimi Hendrix |
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Posts: 5,995
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05-06-2013, 11:13 AM | #14 | |
Don't tread on me.
Join Date: Nov 2006
Location: Where the peaches grow
Casino cash: $9030572
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Quote:
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Posts: 8,540
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05-06-2013, 11:14 AM | #15 |
Don't tread on me.
Join Date: Nov 2006
Location: Where the peaches grow
Casino cash: $9030572
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Posts: 8,540
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