What's the real estate market like where you live?
We moved from Southern California where the real estate market had gone crazy! Properties that sold for $225K four years ago were selling for $650K! Now things have settled down quite a bit in So. Cal.
Things are also changing in the real estate market up here in Montana. Homes that were selling for $185K four years ago are now selling for $325K! If "a river runs through it", the property is worth almost four times that amount! The market sure hasn't settled down here. Simply amazing! [:0]
Things are also changing in the real estate market up here in Montana. Homes that were selling for $185K four years ago are now selling for $325K! If "a river runs through it", the property is worth almost four times that amount! The market sure hasn't settled down here. Simply amazing! [:0]
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The market for housing has softened here in my part of Indiana, but higher grain prices are driving farm land prices higher, as you would expect. I'm apprehensive about buying bare ground right now.
There are some areas around Indianapolis that have not softened much yet, but they will eventually if there is no significant recovery around them. It's impossible to sustain a high priced area in a sea of stable or declining values forever unless there is something specific, like a river, to attract people to that particular spot.
It might be getting closer to the time to look for a couple more houses to buy, but not yet. I need to watch and see how markets and mortgage rates shake out and drive the prices over the next few months.[:)]0 -
DEFINETLY a buyers market around here...
i almost bought a townhome this past weekend, but then was told the LEAST i would LOSE would be 25k if id sell in 3-5yrs! [:0]
so now im looking into the housing market. ie; a 3bd 2-3 bath with 1800sqft+, built within the past 5 years, is roughly 225-250k....0 -
We retired from the San Diego area in January last year. We had no problem getting top dollar for our home. We've settled in East Texas and it was somewhat of a buyer's market when we bought our home here mid last year. I get the impression that things are picking up around here, but since I'm in my last home I'm somewhat out of touch with the real estate market. 0 -
Houseing market is dead in my town. I`m glad mine sold last year just before Christmas as I think it would be difficult to sell it now. The economy here in Michigan sucks and many are loosing jobs.Might even loose mine. 0 -
I bought my current 2800sq ft home on 8 acres with large out buildings, right outside Seattle, for 350,000.00 in 2002.
This property is now valued at 684,000.000 -
If you look at some of the values quoted here, you can begin to see why many people would like to see an extension of the reduction in estate tax rates when it reverts in a couple of years. It won't take much to hit the taxable limit with the direction housing is headed overall, and if you have any other resources, you are virtually certain to trigger the tax the way things stand now.
It's not just a tax on Bill Gates, it's a tax on your house.
This is just an observation relative to the values listed here, and not an attempt to highjack this thread - the thread has some value in this current market.[:)]0 -
My wife & I purchased our first home in Monterey , Ca in 2000 for $180k . Sold in in 2005 for $495k. Reinvested in 2005 on a new place & rural mountain acreage near Yosemite California.Market has stabilized but thats ok, were young enough to still flip it for a profit.Figure we will cash out of California within 5 years.We are currently speculating acreage properties in Wyoming, Idaho and Montana. 0 -
[8D]--You've heard the statement "This is a dumb question" and the response---
--There is no dumb question only one that is not asked--
--THIS IS A DUMB QUESTION---
--[8D][8D]--JIMBO0 -
I live in an area where it's always a "Sellers Market." 120K buys you a crack house in this town. And, I live in the middle of Kansas. It should be a crime what they charge. 0 -
It is definately a good market down here around Atlanta. There is a 7 month standing inventory of houses, which help buyers, but values continue to rise, which helps sellers. It all depends on the area. 0 -
Horrible hear on the Eastern Shore. Prices are going up so fast. People from up north move here to retire with their big money and is driving up real estate. There is an Island here called Chincoteague which used to be a waterman's island rich with history. Now the developers are turning it into another Atlantic City.[:(!] "Chincoteagers" as we call them are moving here to the mainland because they can't afford to live their anymore.It won't be long before an Eastern Shoreman can't afford to live on the Mainland either.[V] 0 -
Stay in California, Sierrasam, we don't need any more "speculators"[}:)] 0 -
[8D]--Stay in California , sierrasam, It's downhill from here--
--[8D][8D]-JIMBO0 -
Lots of fore closers also happening in my little area of CA. Lenders made it to easy to buy that 2 million dollar home thats now worth 1.2 million. Just glad I did not get sucked into the rush of trying to make a buck. 0 -
Dont worry, I doudt we will be neighbors.Plan is to sell our 25 acres here in California for 100+ elsewhere. Im not a California native, I go where I choose. 0 -
quote:What's the real estate market like where you live?
Where I live the real estate market is where a bunch of professionals caled "brokers" and "realtors" sell houses, land, commercial property and mineral rights as agents for those wishing to sell and those wishing to buy.
Neat really.0 -
I bought for 700 just about a year ago. My assessment went up this past month, while everybody else I know fell. That's good, but houses in the neighborhood are going way below what they used to. If I had to sell now I'd probably be selling for 650, maybe 660. Ouch.
I'll be staying awhile.0 -
Terrible market, anywhere in Orygun - whether you're buying or selling.
And... the rain never stops.
And... the women are ughly.
And... criminal mexicans are everywhere.
And... the women are ughly.
And... the rainbow coalition owns the state.
And... gas costs $4.85/gallon.
And... the women are ughly.
And... it's always windy and cold
And... wood costs $300 a cord.
But... we'd love to have y'all - jist bring a purdy woman.
Doug0 -
as doug says except bring two woman. 0 -
quote:Originally posted by jimbowby
[8D]--You've heard the statement "This is a dumb question" and the response---
--There is no dumb question only one that is not asked--
--THIS IS A DUMB QUESTION---
--[8D][8D]--JIMBO
There are no dumb questions
just dumb people asking questions. [}:)]
Allen0 -
It is just a matter of time until this house of cards comes crashing down. Or, the ultra-rich own all real estate because they make so friggin' much money it doesn't matter what they pay for anything.
Eastern Kansas, land prices are ridiculous. Example: 33 acres, no buildings, useless as is, 1/2 mile east of city crap pond (prevailing westerly wind)--asking $313,000.0 -
There's everything from cheap and dumpy to more than most people will ever be able to afford and everything in between. 0
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