Housing market trash

[jeepinmatt]

3 of the top FIVE hottest housing markets in the country are in NC.

https://www.cbs17.com/news/local-news/raleigh-is-second-hottest-real-estate-market-in-the-us-durham-is-fourth-according-to-rankings/

 

[shawn]

 

[jcramsey]

Looks like things are starting to cool off here. You can pick up this gutted doublewide with a raggedy two car garage on 1.1 neglected acres for $129,000.

3129 Old Us Highway 221 S #3129, Marion, NC 28752 | MLS #4117015 | Zillow

This 1620 square feet Mobile / Manufactured home has 4 bedrooms and 2 bathrooms. It is located at 3129 Old Us Highway 221 S #3129, Marion, NC.

www.zillow.com

 

[Ron]

And the NAR has eliminated the 6% rule after federal anti-trust ruling
Lets see how this actually plays out

 

[shawn]

 

[orange150]

View attachment 414152

Upset meaning it’s supposed to be well under market?

 

[shawn]

Upset meaning it’s supposed to be well under market?

 

[orange150]

View attachment 414159

Huh. Not sure how I feel about that

 

[shawn]

Basically an auction with a long waiting period between bids.

 

[skyhighZJ]

Basically people with too much money buying a crappy congested in town lot for way too much money because status.

FIFY

 

[jeepinmatt]

Upset meaning it’s supposed to be well under market?

The amazing thing is that @shawn has posted that at least 3 times in the past couple months that I recall, and every time it’s higher. And it was overpriced the first time.

 

[Ron]

The amazing thing is that @shawn has posted that at least 3 times in the past couple months that I recall, and every time it’s higher. And it was overpriced the first time.

Isnt that his and Cyd's old place?

Its been a minute but looks like it from what I recall.

I just remember going to a baby shower for their first mini-her...and I think I swam up to the door due to the deluge

 

[jeepinmatt]

Isnt that his and Cyd's old place?

Its been a minute but looks like it from what I recall.

I just remember going to a baby shower for their first mini-her...and I think I swam up to the door due to the deluge

I don’t know. Last time I was there was probably 2005.

 

[trailhugger]

Not ours.

 

[Ron]

Not ours.

Same neighborhood?

 

[trailhugger]

Same neighborhood?

Across Capital

 

[shawn]

Isnt that his and Cyd's old place?

Its been a minute but looks like it from what I recall.

I just remember going to a baby shower for their first mini-her...and I think I swam up to the door due to the deluge

Nah, this house is city owned. Maybe a tax foreclosure or something, but I don't know.

In that part of town, $5-600k is land value.

 

[shawn]

 

[orange150]

View attachment 414396

i'm assuming a builder will buy that and build one of those dumb ass shotgun mcmansions that you see on lewis farm road

 

[RatLabGuy]

So bids on this place have gone up $140k in < 1 month?

 

[benXJ]

its like bring a trailer on steroids

with just as many idiots!

 

[drkelly]

Fawk paying those prices to live like that. I prefer standing on my back patio and not being able to see another house.

 

[RatLabGuy]

Fawk paying those prices to live like that. I prefer standing on my back patio and not being able to see another house.

I'd wager 99% of others agree with you (at least in the back) but the options for finding that are getting slimmer and slimmer.

 

[drkelly]

I'd wager 99% of others agree with you (at least in the back) but the options for finding that are getting slimmer and slimmer.

It is just trading convenience of city life for commute time.

 

[shawn]

It is just trading convenience of city life for commute time.

No HOA