Housing market trash

Futbalfantic said:
Wait. Haven’t you been screaming (making vague comments that you rarely elaborate on) about how the market will not collapse and this ain’t a bubble.
Click to expand...
I never said I thought the market was going to collapse. Other people did, so the operative question becomes: what are you going to do about it?
 
shawn said:
I never said I thought the market was going to collapse. Other people did, so the operative question becomes: what are you going to do about it?
Click to expand...

I wouldn't say I expect the market to collapse. I kind of expect some sort of correction though if lumber and other building materials ever come back down to earth. I think there will be a good number of people who paid more, and owe more, for a home than it will be worth sometime in the future. Whether that has any ripple effects, I don't know. People do it every day purchasing new cars, so maybe it won't affect anything. Idk.
 
DSM Turbos said:
wraltechwire.com

Investors are buying 1 in 4 homes in Raleigh, 1 in 5 in Durham | WRAL TechWire

Real estate investors are taking an increasing market share of residential property in the Triangle's two largest cities, new data from Redfin shows.
wraltechwire.com wraltechwire.com
Click to expand...
I read that this morning. I knew they were buying a lot, but I didn't realize it was 20-25%. What are their plans for these homes? Sell them or rent them I know, but how soon? Are they turning them over quickly or are they sitting on them for a while?
 
awheelterd said:
I read that this morning. I knew they were buying a lot, but I didn't realize it was 20-25%. What are their plans for these homes? Sell them or rent them I know, but how soon? Are they turning them over quickly or are they sitting on them for a while?
Click to expand...
My friends neighbor is buying houses and renting them for dumb money. Such as a double wide in a rural setting for $1600 a month.
 
GONOVRIT said:
My friends neighbor is buying houses and renting them for dumb money. Such as a double wide in a rural setting for $1600 a month.
Click to expand...
I was moreso meaning the big boys. How much people are getting for rent these days is insane. A friend of my wife's rents her old house, nicely remodeled double wide, for $2000/mo. I'd snatch up a 80's single wide in a minute if I could find one.
 
A 2 yr old house in my hood that was a builder's personal home just sold. He was asking $300/sqft! It sold in less than 2 weeks.
 
Loganwayne said:
the bad part is here in wnc depending on how nice the house was someone would barely be making any money on it with current building prices.
Click to expand...
I’ve considered selling a couple times in the last couple weeks. At $300 a sqft that would put about $750k in the bank. I could stand to downsize the house and increase the shop space. I’d move to East Tennessee if @McCracken hadn’t ruined it already.
 
obullfish said:
I’ve considered selling a couple times in the last couple weeks. At $300 a sqft that would put about $750k in the bank. I could stand to downsize the house and increase the shop space. I’d move to East Tennessee if @McCracken hadn’t ruined it already.
Click to expand...
Come on in, the water is fine....
 
obullfish said:
Only problem with me moving that close to Ridgewood BBQ is they would have to install a garage door within a few months so my fatass could get inside to eat.
Click to expand...
I've gotten bolder in my statements to the locals but Ridgewood is shit BBQ. True story.
 
grapehead said:
We have too many realtors. They add no value to the equation anyway.
Click to expand...
You must not work with mouth breathers on a regular occasion. I'm a Realtor, and I hired another Realtor to sell my houses. Couldn't take the idiocy.

But it's like anything else, people don't want to sit down and watch a 20 min youtube video on the proper steps to safely purchase a property. Instead they make me inflate the market by 10% and add another middlewoman to the equation.
 
Will Carter said:
You must not work with mouth breathers on a regular occasion. I'm a Realtor, and I hired another Realtor to sell my houses. Couldn't take the idiocy.

But it's like anything else, people don't want to sit down and watch a 20 min youtube video on the proper steps to safely purchase a property. Instead they make me inflate the market by 10% and add another middlewoman to the equation.
Click to expand...
You must not work with the same realtors that I have.
 
jeepinmatt said:
You must not work with the same realtors that I have.
Click to expand...
Oh, I'm not defending Realtors here by any means. I hate paying them. I think it's a racket. But a racket created by the consumer because paper with words on them are scary. It would take more than 20 minutes to read carefully, so they feel better by having a pretty face point to the line and tell them where to sign.

But it's all priced in just like anything else.
 
obullfish said:
Well I like it. Especially the blue cheese dip.
Click to expand...
My wife will agree. She said it was delicious. I don't eat it but I'll take y'alls word for it.
 
How this isn’t listed for MORE…I’ll never know.

hashtagdoitfordale

www.trulia.com

5290 Green Valley Rd, Rock Hill, SC 29732 | Trulia

5290 Green Valley Rd, Rock Hill, SC 29732 is a 1,064 sqft, 2 bed, 2 bath home sold in 2022. See the estimate, review home details, and search for homes nearby.
www.trulia.com www.trulia.com
 
UTfball68 said:
How this isn’t listed for MORE…I’ll never know.

hashtagdoitfordale

www.trulia.com

5290 Green Valley Rd, Rock Hill, SC 29732 | Trulia

5290 Green Valley Rd, Rock Hill, SC 29732 is a 1,064 sqft, 2 bed, 2 bath home sold in 2022. See the estimate, review home details, and search for homes nearby.
www.trulia.com www.trulia.com
Click to expand...
Crazy thing is, around here you could still rent it out for more than the payment would be
 
UTfball68 said:
How this isn’t listed for MORE…I’ll never know.

hashtagdoitfordale

www.trulia.com

5290 Green Valley Rd, Rock Hill, SC 29732 | Trulia

5290 Green Valley Rd, Rock Hill, SC 29732 is a 1,064 sqft, 2 bed, 2 bath home sold in 2022. See the estimate, review home details, and search for homes nearby.
www.trulia.com www.trulia.com
Click to expand...
Must be a SC thing

www.trulia.com

3222 Ferguson Meadow Rd #35, York, SC 29745 | Trulia

3222 Ferguson Meadow Rd #35, York, SC 29745 is a Studio home. See the estimate, review home details, and search for homes nearby.
www.trulia.com www.trulia.com
 
Back
Top