Housing market trash

shawn said:
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That tick at the right side is mostly devaluation of the dollar.
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When I look at this, I see a $60k jump from Q12020 to Q12021...it took the previous 7 years to see the same incremental $60k increase. I'm not arguing here, and also agree about recent inflation...but what's happened over the last year certainly seems to be driven by something other than historical demand trends.
 
Well, it looks like I'm a little late on the whole housing price situation discussion, but I figured I'd throw in my story.

Been "hobby" searching for 2 years; had plans of buying land and building, buying a fixer upper whilst still living with my parents, and finally in March 2020 before everything went to hell in a handbasket, I got serious with my searching and started getting my ducks in a row; got my finances figured out and contacted a realtor and started looking. Well, life happens, and I didn't really start looking at houses until December 2020/January 2021.

First house was a basket case for 135K. Foundation issues, full of shit from the previous residents (pretty sure old lady died in the house?) and a volley of other issues I didn't want to deal with. 2nd house was nice, but sketchy foundation issues again, and a possible well issue chased me away, they were asking 145K.
3rd house is a winner in my eyes, almost everything I was looking for, put in offer and a day later get a message from my realtor saying it was a strong offer but not strong enough, it was at this point the market went fucking insane; 3 houses later, I put in a high offer on a property I wasn't keen on, but the market was getting so slim I figured it was worth it.

The sellers were happily ready to accept my offer.
Apparently, it had been under contract for two months but the potential buyers spent the down payment and were unable to commit to the deal; I swoop in after 3 weeks of being on market and offer 1K over asking price and the seller bites. I got lucky (or unlucky however you want to look at it) and the house appraised for my exact offer. So for 190K I bought my first home and while it's not the exact one I wanted, it's a solid investment. Not a big fan of living right on Hwy 52 but compared to some of the other places I can deal with a little highway noise.

I'm glad I got this place when I did, because trying to find something reasonable around here is rapidly becoming a challenge from what little I've searched in the past couple weeks. Only problem is now is lumber prices and trying to prioritize home improvement projects in a way that lets me build a shop in a timely manner.
 
BNielsen said:
Not a big fan of living right on Hwy 52 but compared to some of the other places I can deal with a little highway noise.
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I see GQ as your location and living on 52…we damn near have to be neighbors. Mind if I ask what house you snagged??? I’m in Countryside neighborhood, right at the GQ sign from the Salisbury side, the new credit union butts up against the back side of my neighborhood.
 
UTfball68 said:
I see GQ as your location and living on 52…we damn near have to be neighbors. Mind if I ask what house you snagged??? I’m in Countryside neighborhood, right at the GQ sign from the Salisbury side, the new credit union butts up against the back side of my neighborhood.
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The new SECU? I'm right down the road from the credit union, I didn't realize how big that neighborhood is!
My house is next to the first road you can turn on that leads into a big neighborhood before the double lane ends.

Or the one I usually use when telling people where my house is at; you know the brick house that sits off the road with the brick columns and the iron gates? Has an orange Ford pickup with "Jerry's Golf Carts" on the back glass? I'm right next to him.
 
BNielsen said:
Well, it looks like I'm a little late on the whole housing price situation discussion, but I figured I'd throw in my story.

Been "hobby" searching for 2 years; had plans of buying land and building, buying a fixer upper whilst still living with my parents, and finally in March 2020 before everything went to hell in a handbasket, I got serious with my searching and started getting my ducks in a row; got my finances figured out and contacted a realtor and started looking. Well, life happens, and I didn't really start looking at houses until December 2020/January 2021.

First house was a basket case for 135K. Foundation issues, full of shit from the previous residents (pretty sure old lady died in the house?) and a volley of other issues I didn't want to deal with. 2nd house was nice, but sketchy foundation issues again, and a possible well issue chased me away, they were asking 145K.
3rd house is a winner in my eyes, almost everything I was looking for, put in offer and a day later get a message from my realtor saying it was a strong offer but not strong enough, it was at this point the market went fucking insane; 3 houses later, I put in a high offer on a property I wasn't keen on, but the market was getting so slim I figured it was worth it.

The sellers were happily ready to accept my offer.
Apparently, it had been under contract for two months but the potential buyers spent the down payment and were unable to commit to the deal; I swoop in after 3 weeks of being on market and offer 1K over asking price and the seller bites. I got lucky (or unlucky however you want to look at it) and the house appraised for my exact offer. So for 190K I bought my first home and while it's not the exact one I wanted, it's a solid investment. Not a big fan of living right on Hwy 52 but compared to some of the other places I can deal with a little highway noise.

I'm glad I got this place when I did, because trying to find something reasonable around here is rapidly becoming a challenge from what little I've searched in the past couple weeks. Only problem is now is lumber prices and trying to prioritize home improvement projects in a way that lets me build a shop in a timely manner.
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I also might add something to this; there was quite a few sellers/seller realtors who weren't in any hurry to talk to my realtor on account of my age. I didn't think it was a great feat being a homeowner at the age of 25, but according to my realtor it's not as common of a thing, even with the market being as hot as it is.
I never would have thought age would be a factor. As long as a buyer has the cash or a solid loan with good terms and the reliability/accountability to make payments on time I figured it wouldn't have been as much of a struggle
 
BNielsen said:
The new SECU? I'm right down the road from the credit union, I didn't realize how big that neighborhood is!
My house is next to the first road you can turn on that leads into a big neighborhood before the double lane ends.

Or the one I usually use when telling people where my house is at; you know the brick house that sits off the road with the brick columns and the iron gates? Has an orange Ford pickup with "Jerry's Golf Carts" on the back glass? I'm right next to him.
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Yes, the new SECU…and I know exactly where you’re at. My middle brother used to live in that neighbor until he bought his farm in Rockwell.
 
UTfball68 said:
Yes, the new SECU…and I know exactly where you’re at. My middle brother used to live in that neighbor until he bought his farm in Rockwell.
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Most folks know exactly which house I'm talking about once I describe it; and for a little extra emphasis I tell whoever is looking to look for the camper in the driveway
 
We were under contract for a house, but passed when inspections showed the owner had built the driveway on top of half the septic field. We lost our due diligence $$ but it all worked out in the end (bought a better house, nicer location, more land).
We had hoped the seller would take a bath on it, now that they had to disclose the septic issues....
NOPE....house sold for more than what we were going to buy it for a month later....this market is crazy! We got lucky, our sellers were in a rush to sell and didn't push us into a huge bidding war, we could have easily paid 10% more than we did in this market. Of course, the house only appraised for $3k over sale price.
 
BNielsen said:
Most folks know exactly which house I'm talking about once I describe it; and for a little extra emphasis I tell whoever is looking to look for the camper in the driveway
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Soooo…are you weird, or should we try to crack some beers together???
 
UTfball68 said:
Soooo…are you weird, or should we try to crack some beers together???
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WTF does him being weird have to do with drinking beers together? Hell, he's already here and we're probably weirder than 75% of the general population anyway.

Duane
 
CLRracer said:
WTF does him being weird have to do with drinking beers together? Hell, he's already here and we're probably weirder than 75% of the general population anyway.

Duane
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Well…ya know…like…does he enjoy dressing up mannequins in his basement and pretending they’re his cats…that kinda weird.
 
UTfball68 said:
Well…ya know…like…does he enjoy dressing up mannequins in his basement and pretending they’re his cats…that kinda weird.
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Well after an idea like that I'm sure he thinks YOU'RE weirder than average......

Duane
 
CLRracer said:
Well after an idea like that I'm sure he thinks YOU'RE weirder than average......

Duane
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Now you get it...it's all a dance...like getting married, you used to think you could live with them squeezing the toothpaste from the middle of the tube...but now you wanna stab them in the neck with a spork. I don't have that kind of time to invest anymore.
 
UTfball68 said:
Yes, the new SECU…and I know exactly where you’re at. My middle brother used to live in that neighbor until he bought his farm in Rockwell.
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That SECU has a beautiful roof and gutters if I may say so myself.
 
BNielsen said:
Maybe one of these days! I'm not a drinker though.
And no I'm not weird, at least not like Buffalo Bill weird anyway
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Dually noted...we should grab lunch some time if you're local there too.

YotaOnRocks said:
That SECU has a beautiful roof and gutters if I may say so myself.
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Ya know...every time on my way home from work, I just have to pull in and admire the roof and gutters, and often think to myself I'd like to shake the hand of whoever the father is that put the god among men on this planet that could create such beauty.

But for real doe...it is a good looking building, good work. And I'm pretty sure you/your crew were the only ones that stayed to any semblance of a schedule, I feel like that thing took 18 months build. For the longest time, it was just glass and roof.
 
BNielsen said:
Or the one I usually use when telling people where my house is at; you know the brick house that sits off the road with the brick columns and the iron gates? Has an orange Ford pickup with "Jerry's Golf Carts" on the back glass? I'm right next to him.
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I do the same. "You know that really nice big brick house on top of the hill with the long paved driveway and nice gate? Yeah, you go past that, and turn right at the trailer with with overgrown yard and falling down fence. " :laughing:
 
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jeepinmatt said:
I do the same. "You know that really nice big brick house on top of the hill with the long paved driveway and nice gate? Yeah, you go past that, and turn right at the trailer with with overgrown yard and falling down fence. " :laughing:
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I just say, "Pull up the cul de sac and look for the one with too many cars. You'll know."
Which is sad bc literally every house on our circle has more cars than drivers.
 
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