We sold our 80-year old house in November. Got more than we wanted without even going on the market. Talked to our agent last week, and she said we'd still get the same selling price today, maybe slightly more, but not by much and it'd take time to sell. The house we bought is in a brand new development, and our model is now going for $70K more than we purchased ours for (and with an interest rate less than 3%). We feel like we couldn't have timed things better.
It’s just sobering that the we were looking at 3000 sf houses a month ago and now we are paying the same monthly payment for 2200.
Things are still crazy where I’m at. A livable house won’t stay on the market for more than a day or two. Sucks to be looking to buy, being on an early-30’s Wyomingite budget, and having to compete with boomers from bigger markets. Bunch of weirdos moving in, especially from Texas for some reason. Ugh. They are like our Californians. I actually think they may be worse. At least Californians pretend to assimilate, even going as far as camoflouging in UW gear (and still managing to stick out like a sore thumb somehow). Texans show up, bitch about everything, fly Texas flags and tell you how great Texas is and how they do things the right way in Texas, despite the fact they just left there to come to your town.
Yeah, that shit cray! Wouldn't impact my decisions, though. Having lived in a house that was as big as 5300 square feet, I don't have any desire to live in anything over 2400 though. But it does highlight the crazy market.
I refinanced everything, my home and both rentals at the beginning of last year. The rentals take a bit of work to refinance but i got them through. Was perfect timing. Now I'm sitting on them for the next few years until the next boom. Was going to sell and buy some land and build a new home but the materials and market started changing. I decided to wait. One thing I'm kind of worried about is where to build? Too many spots i would have used to think were perfect are now questionable due to climate change and possible wild/forest fire issues?
Yep, we sold our 2900 sq/ft home in October In September, we took out a 6-month lease on a house while we searched for and found our 1600 sq/ft home, which we closed on in February. That 6 months made all the difference for us in our search, downsizing, and transitional efforts! Not everyone may be able to do that, but man, that was a beautiful thing for us!
I wonder how long it will take until legislation comes through saying homes can only be purchased by individuals and not corporations. And that there is a limit to the number you can own (with those owning more being grandfathered in of course)
This is a direct effect of our Federal Government and Federal Reserve in action. We are nearing the endgame of the USD being THE reserve asset.
I don't think so. The US dollar is so much more stable and secure than any other currency in the world. The more isolationist we get, the more valuable the dollar becomes. We can get along just fine without overseas trade... And the US dollar is manipulated far less than any other large currency. I think the US dollar is going to be the safest store of capital for the foreseeable future.
Never. People who need to make that legislation are owned by money from the same people who want to buy real estate for corporations. In general, nobody should be waiting for any new laws that are just for the good of people and the right thing to do. Those days are long over.
...do you golf? Been in Redmond 4yrs now -- just closed on our home March 1st where we had been renting it previously. We lucked out though and negotiated the price directly with owners back in December and locked in our rate below 4% before everything spiked. Now, the house directly behind us that is nearly mirror image replica is pending under contract and their listing price was 100k above what we just paid for ours.
