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Crosby B. Alfred posted:NYC Real Estate confuses the gently caress out of me. Monthly Maintenance fees upwards of $1,200 a month. Realtors that don't advertise square footage because they don't have too? Buildings with... doormen? Because I need one of those? With all due respect to our LV residents, who I’m sure have very good justifications as for why they’re still there; lol.
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Jun 13, 2021 00:13
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Crosby B. Alfred posted:NYC Real Estate confuses the gently caress out of me. Monthly Maintenance fees upwards of $1,200 a month. Realtors that don't advertise square footage because they don't have too? Buildings with... doormen? Because I need one of those? Par for the course for large metros. Chicago has lots of high HOA buildings, $500+ not uncommon, $1k+ exists but is pushing it. Mine is three hundo. I have heard a preference for doormen/doorpeople from lots of young women, they think it makes the building safer I guess and they are scared of 'the big city' crime. Lots of condo units I was considering on Redfin had no square footage listed. Mine had sq ft listed but it was definitely generous, and I think included the sq ft of the garage parking space lol. The appraisal will definitely have a closer number for the actual livable sq ft, I think I am right around 1000 including hallways etc. The listing said 1300. Go to Vegas and you'll get a big-rear end nice place. But you'll be in Las Vegas. And this is coming from a guy who lives in a city that someone in this thead called 'in decline' Inner Light fucked around with this message at 00:18 on Jun 13, 2021 |
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Jun 13, 2021 00:15
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PCjr sidecar posted:With all due respect to our LV residents, who I’m sure have very good justifications as for why they’re still there; lol. Of course, I don't have anything against anyone who wants to live in Las Vegas or if you do even do enjoy gambling. It's not for me but I do understand how it could be fun. I do wonder how the hell you survive in 115f+ Heat but then again I spent time in New Delhi India and they do it even without any A/C. Inner Light posted:Par for the course for large metros. Chicago has lots of high HOA buildings, $500+ not uncommon, $1k+ exists but is pushing it. Mine is three hundo. I have heard a preference for doormen/doorpeople from lots of young women, they think it makes the building safer I guess and they are scared of 'the big city' crime. Lots of condo units I was considering on Redfin had no square footage listed. Mine had sq ft listed but it was definitely generous, and I think included the sq ft of the garage parking space lol. Do doorman even typically even provide security beyond calling the police? I've never, ever seen them do anything beyond generic building maintenance, keeping things clean and make sure no one jacks my Amazon Prime order.
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Jun 13, 2021 00:18
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Crosby B. Alfred posted:Of course, I don't have anything against anyone who wants to live in Las Vegas or if you do even do enjoy gambling. It's not for me but I do understand how it could be fun. No... no security except maybe bar bouncers do anything security related except be a walking security camera, at least that's my understanding.
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Jun 13, 2021 00:20
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Moved to Phoenix 2 months ago and going to get 118 degrees this week. Just have to remember my mantra… gently caress snow, gently caress snow, snow… gently caress it.
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Jun 13, 2021 00:27
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BigPaddy posted:Moved to Phoenix 2 months ago and going to get 118 degrees this week. Just have to remember my mantra… gently caress snow, gently caress snow, snow… gently caress it. https://www.youtube.com/watch?v=4PYt0SDnrBE 111 feels nice compared to 118.
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Jun 13, 2021 00:39
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Crosby B. Alfred posted:Do doorman even typically even provide security beyond calling the police? I've never, ever seen them do anything beyond generic building maintenance, keeping things clean and make sure no one jacks my Amazon Prime order. It's first and foremost a deterrent. Secondly it keeps people from allowing others who shouldn't be there form tailgating through the door behind them or propping it open. It's someone to deal with packages, contractors, etc. It's someone to hail cabs or manage ubers as they get there. I've you've not lived in a city like that I get how much of this won't hit home as to how useful it is, but it really is a benefit.
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Jun 13, 2021 00:56
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Crosby B. Alfred posted:NYC Real Estate confuses the gently caress out of me. Monthly Maintenance fees upwards of $1,200 a month. Realtors that don't advertise square footage because they don't have too? Buildings with... doormen? Because I need one of those? Las Vegas sucks though? To live in, I mean. If you work remotely then you should buy somewhere where you'd actually enjoy living, what's the point in having money if you have to live somewhere that sucks? There are a lot of much nicer climates and cities to live near if you just want something cheap; may as well live somewhere that doesn't suck QuarkJets fucked around with this message at 01:26 on Jun 13, 2021 |
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Jun 13, 2021 01:19
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QuarkJets posted:Las Vegas sucks though? To live in, I mean. If you work remotely then you should buy somewhere where you'd actually enjoy living, what's the point in having money if you have to live somewhere that sucks? I don't think Las Vegas sucks granted there are some drawbacks. My first pick would be Los Angeles, NYC or even overseas (never got a college degree  ) but I simply can't afford it. Las Vegas looks like it might be decent middle ground? There is nightlife, it's a real city, I can get a decent condo/twinhome/etc. for around ~$200k some of which aren't even more than a decade old which is freaking crazy! If want to visit Los Angeles for the weekend it's less than a days drive away. Lastly, I am really getting into the whole Coast FIRE idea and it'd be awesome to pay off my whole place in less than a decade then spend the rest of my time traveling internationally half of the year while renting it out.The only other place I've seen that's still "fun" - I never really stopped partying even after college - but still relatively affordable is Miami-Fort Lauderdale but with climate change and all of that I'm super hesitant. I've thought about Dallas but it's a bit boring and I was considering Austin until COVID-19 made prices skyrocket. If anyone has another other suggestions, I'm totally up for it. Gucci Loafers fucked around with this message at 02:01 on Jun 13, 2021 |
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Jun 13, 2021 01:42
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If you like partying but want to retire early, then you should definitely not live in Vegas, a city designed to separate you from your money in the most efficient way possible.
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Jun 13, 2021 02:30
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Zillow right now is turning up a bunch of townhouses and condos in LA and San Bernardino for around $200k-$300k, for whatever that's worth. I don't know if there may be other criteria influencing your options
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Jun 13, 2021 03:02
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San Bernardino is absolutely not Los Angeles. There are a few things around around the Valley near Encino, NoHo, etc. but they are selling fast.
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Jun 13, 2021 03:25
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Ok, are you saying you want to buy a place somewhere where units are selling... slow? If you want to participate in the market, participate in the market.
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Jun 13, 2021 03:39
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I lived in Vegas for 2 years and there are nice areas that can definitely be worth living in. We were in Summerlin next to Red Rock Casino which is a nicer, cleaner, safer casino than anything downtown, and if you get far enough away from the strip you can get nice houses in nice areas with close restaurants/shopping/drinks and still driving distance to everything. Downside is the miserable hot summer and despite your best efforts to stay completely away from the strip, everyone who visits you only wants to go there. Edit^^ San Bernardino is also 110F next week, and frequently on fire. PageMaster fucked around with this message at 04:29 on Jun 13, 2021 |
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Jun 13, 2021 04:11
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Crosby B. Alfred posted:If anyone has another other suggestions, I'm totally up for it. Rather than buying during a severe bull market for housing, why not rent? It sounds like you are still flexible in your life plans.
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Jun 13, 2021 04:44
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LLCoolJD posted:Rather than buying during a severe bull market for housing, why not rent? It sounds like you are still flexible in your life plans. Good point but I'm trying to change up my life plans a bit and have some specific goals in mind, 1. NY Times Rent or buy Calculator - This is extremely useful. 2. Coast FIRE - I'm maxing out my 401k + ROTH IRA + A few random investments. 3. I want to travel while I'm still relatively young and not work. 4. I'm not buying anything right away, I probably need to save up for another year or two. 5. Peace of mind. I literally don't have to worry about money. Ever. Edit - On second thought, I am going to rethink this a bit. PageMaster posted:I lived in Vegas for 2 years and there are nice areas that can definitely be worth living in. We were in Summerlin next to Red Rock Casino which is a nicer, cleaner, safer casino than anything downtown, and if you get far enough away from the strip you can get nice houses in nice areas with close restaurants/shopping/drinks and still driving distance to everything. Downside is the miserable hot summer and despite your best efforts to stay completely away from the strip, everyone who visits you only wants to go there. Oddly enough, many of Vegas buddies have almost universally have recommended Summerlin. Gucci Loafers fucked around with this message at 05:10 on Jun 13, 2021 |
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Jun 13, 2021 04:52
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Crosby B. Alfred posted:Good point but I'm trying to change up my life plans a bit and have some specific goals in mind, How would buying a house help you achieve this goal? A house will tether you down to property taxes, maintenance, etc, where if you rent you can just drop your lease and travel till your satisfied. In a year or two, the market will be an entirely different place. Looking at houses right now is actually, 100% pointless. If you intend to buy, you should be focusing on where you want to live, and renting there to make sure before dumping into a house.
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Jun 13, 2021 05:14
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Crosby B. Alfred posted:San Bernardino is absolutely not Los Angeles. There are a few things around around the Valley near Encino, NoHo, etc. but they are selling fast. I'm aware of that, which is why I distinguished it from Los Angeles, but it's much closer to Los Angeles than Las Vegas, a factor that seemed to be important to you. The speed at which things sell shouldn't be a factor in deciding where you go. If you want to buy a house then you need to keep tabs on the area where you want to live, and pounce on things within your price range. That's the name of the game even when the market isn't hot. It sounds like you're going to save for another year or two, which is never a bad idea imo. I agree with Pallbearers, you should look at renting in whatever city you want to live in or near. If you have connections in Las Vegas that are pulling you toward wanting to buy in that area, then look at apartments or rentable townhomes there. Personally, I'd suggest looking at areas that are going to be desirable long-term; Las Vegas has suppressed prices because it's not as desirable a place to live, places like Seattle are blowing up despite the massive WFH culture that everyone is experiencing because people actually like living in the northwest.
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Jun 13, 2021 05:36
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Pilfered Pallbearers posted:How would buying a house help you achieve this goal? A house will tether you down to property taxes, maintenance, etc, where if you rent you can just drop your lease and travel till your satisfied. You're right, some of the earlier comments have made me re-think this but that NY Times Calculator... The numbers don't lie. Pilfered Pallbearers posted:In a year or two, the market will be an entirely different place. Looking at houses right now is actually, 100% pointless. If you intend to buy, you should be focusing on where you want to live, and renting there to make sure before dumping into a house. Can you expand upon this a bit? As far as I know, folks don't think there's a bubble and prices aren't expected to change much? And yes, I'll absolutely live there for a bit before I buy.
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Jun 13, 2021 05:39
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Crosby B. Alfred posted:3. I want to travel while I'm still relatively young and not work. Explain, in detail, why you are in the house buying thread when this is one of your near term goals.
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Jun 13, 2021 06:29
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Crosby B. Alfred posted:You're right, some of the earlier comments have made me re-think this but that NY Times Calculator... The numbers don't lie. Because in some markets, housing prices have actually, genuinely doubled over the last year or two. Additionally, is it not possible to predict. 1-2 years is far too long of a timeline. Even 6 months is long with the way the market is now. I can’t see the calculator without giving NYT money, so maybe a screenshot would help, but I doubt it’s realistic. But then again your goals aren’t realistic either, especially if your income level is currently not even enough to 20% down a house at the prices you’ve been posting about.
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Jun 13, 2021 07:30
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Crosby B. Alfred posted:5. Peace of mind. I literally don't have to worry about money. Ever. 
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Jun 13, 2021 12:32
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Crosby B. Alfred posted:3. I want to travel while I'm still relatively young and not work. This is utterly comical.
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Jun 13, 2021 15:43
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Gutcheck time at the McHuge household. We went to a half dozen open houses yesterday, and one in particular I put on the list just because we were in the vicinity already. It was at the very top of our budget and would have to check all the boxes, and what are the odds of that, right? So now we're scrambling to re-examine all the finances to figure out the best offer we can put on it. I think the list price is actually pretty fair and I really wouldn't want to go above it, especially with mechanicals/roof that are 20 years old. Our REA said that there is already an offer in and another one on the way, so our plan is to stop by the open house again today and chat with the realtor, casually mention that we're unlikely to put an offer in because we aren't comfortable going above asking price and see how they react. If they blow us off then that's fine we can move on, but if they still encourage us to put in an offer then maybe they don't have a list price offer in the bag yet. Sadly, our REA mentioned that we'd be stopping by again today, and I really wish he hadn't said that, but that's what the thread title is for.
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Jun 13, 2021 16:55
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Big McHuge posted:Gutcheck time at the McHuge household. We went to a half dozen open houses yesterday, and one in particular I put on the list just because we were in the vicinity already. It was at the very top of our budget and would have to check all the boxes, and what are the odds of that, right? Why wouldn’t you just offer list at that point? If you think it’s worth list and your REA thinks it’ll appraise at list, why play games and risk spiking it? Unless your market is in a different situation from the majority of houses, it feels like a weird idea to play coy with like $5-10k.
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Jun 13, 2021 16:59
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It's more that I want to try and feel out the selling agent to see if the offer they supposedly have is over list. If so, we might decide not to waste the time in putting in an offer. Better to just cut the cord at that point rather than mentally stress ourselves for the next few days unnecessarily.
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Jun 13, 2021 17:20
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Big McHuge posted:It's more that I want to try and feel out the selling agent to see if the offer they supposedly have is over list. If so, we might decide not to waste the time in putting in an offer. Better to just cut the cord at that point rather than mentally stress ourselves for the next few days unnecessarily. How is putting in an offer wasting time? This is your buyer agent's job. It will take you less time to direct them to do this than it did to post about it. You found a house you like. You have a max price in mind that you think is fair. Stop trying to play 4D chess and have the agent make the offer you think is fair.
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Jun 13, 2021 17:22
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E: ^ This is also a good take. It takes no time to fill out the paperwork and e-sign it.Big McHuge posted:Gutcheck time at the McHuge household. We went to a half dozen open houses yesterday, and one in particular I put on the list just because we were in the vicinity already. It was at the very top of our budget and would have to check all the boxes, and what are the odds of that, right? You REA should just ask if list is in the running. Ours does that for us. No point in writing it up and wasting people's time if you are not going to be close. We have seen several places where we would put an offer in, wait a day, she calls to gauge it. Some people will not say anything but others are pretty cool and let you know. The most recent one a few weeks back was listed for $600K, we would have considered up to $630K, the next day it was also offers up to $700K so didn't even bother. Maybe just a Denver thing with us but You should be putting your REA to work for you, they should be helping you get a house. spwrozek fucked around with this message at 17:29 on Jun 13, 2021 |
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Jun 13, 2021 17:25
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I'm looking to buy a condo in the Seattle/Bellevue area. I am pretty stupid and will probably be back with more dumb questions but is there any reason I wouldn't want to get an agent to help in my search?
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Jun 13, 2021 17:39
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Pilfered Pallbearers posted:Because in some markets, housing prices have actually, genuinely doubled over the last year or two. Ah hah. That makes a bit more sense. Pilfered Pallbearers posted:I can’t see the calculator without giving NYT money, so maybe a screenshot would help, but I doubt it’s realistic. It seems pretty well thought out? I would be really surprised it's complete bullshit? Here's small snippet but it goes through a ton of calculations - this is just a quarter of it. Here's the original article it's based on - Rent or Buy? The Math Is Changing  Pilfered Pallbearers posted:But then again your goals aren’t realistic either, especially if your income level is currently not even enough to 20% down a house at the prices you’ve been posting about. I have just enough at the moment but on second thought it's not a wise decision give my earlier goals.
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Jun 13, 2021 19:25
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Crosby B. Alfred posted:
lol. just lol. Not gonna touch your goals however I'll touch on some Vegas. Don't do Vegas. Especially if you plan to bed down for more than a decade there. Water management has gone to hell, the place has exploded with new lawns and golf courses ahoy. Summerlin is 'ok' but its Karen central and the cops will harass anybody that they think doesn't belong. There's a lot of outdoors things to do there however its only really possible from October-April. The rest is a bit too warm. The outdoors related things get old after about a year. Anything outside of the extreme bubble that is Summerlin is kind of a seedy armpit. There's some really nice areas in Henderson. In a post-covid environment the drivers have gone from aggressive to full on constant crabs in the pot road rage. This coupled with the staunch sense of 'every man for his self' and 'F-U, Got mine' makes for an interesting culture. Vegas might be good during the booms, its equally miserable during the bust. I lived there from '12-'14, It wasn't great. Most of the houses out by Summerlin and the NW of Vegas sat empty and disconnected from utilities during this period. This is not good for a home that can see wild temperature swings and some vagrancy. Know what you are getting into. Areas are cheap for a reason. I lived there for a little over 2yr, part of it in Summerlin, part of it in North Vegas. My husband lived there for a decade and owned a house in Henderson. We got out in Jan '15. We just spent Feb '21 in the area to see if we'd wanna return and no, its not for us. I'd highly advise against San Berdoo. Go southwest some. Temecula, Corona, Riverside, or stick to the valley like other goons mentioned. cursedshitbox fucked around with this message at 20:40 on Jun 13, 2021 |
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Jun 13, 2021 20:37
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Motronic posted:How is putting in an offer wasting time? This is your buyer agent's job. It will take you less time to direct them to do this than it did to post about it. You're right, I was overthinking it and trying to extract additional info that may or may not be beneficial. We ended up putting in an offer slightly above list, and while we don't expect to get it, it's at least worth a shot.
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Jun 13, 2021 21:51
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Crosby B. Alfred posted:Oddly enough, many of Vegas buddies have almost universally have recommended Summerlin. Buying a house in Vegas seems like a bad idea to me. The water management there coupled with global warming seems high risk, potentially resulting in a rapidly devalued house that can’t get essential services within the next 5-10 years. There’s a reason it’s cheap out there
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Jun 13, 2021 22:10
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I've never heard of anything that catastrophic. I thought Las Vegas did well on water conversation and even banned grass lawns? Anyway, that's a lot of good insightful info on Las Vegas. I appreciate the information... or warnings. 
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Jun 13, 2021 22:15
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Imagine watching Army of the Dead and thinking "my this seems like a nice place to live" lol Zombies are actually easier to deal with than tourists, this is a fact
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Jun 13, 2021 23:04
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Big McHuge posted:Sadly, our REA mentioned that we'd be stopping by again today, and I really wish he hadn't said that, but that's what the thread title is for. Well you haven't put the offer in yet, there's still time to fire them ahead of the deal
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Jun 13, 2021 23:12
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CongoJack posted:I'm looking to buy a condo in the Seattle/Bellevue area. I am pretty stupid and will probably be back with more dumb questions but is there any reason I wouldn't want to get an agent to help in my search? The agent is basically useless for the searching part; NWMLS is regularly polled by all of the nice online home sites (zillow, realtor, redfin, etc) and has its own very lovely web interface that you could use if you are a masochist. Searching digitally is how you should find houses that you're interested in. The agent is only useful when you're ready to see properties in person and make offers on some of them. So get an agent, tell then what you're looking for, then you should digitally find houses you like that meet your criteria and say "hey I want to see the homes on this list" and get their help submitting an offer when you're ready to do that. You may be thinking "it doesn't sound like a buyer's agent is very helpful" and you'd be right, they're a guiding hand reaping a huge payout for relatively little work. Hypothetically you could go in without an agent and negotiate for a 1-2% reduction in price, arguing that the seller is going to save a bunch of money for not having to pay a buyer's agent, then just pay a real estate attorney a nominal fee to make sure that the purchase paperwork is in order. This is what my parents have done on their last 3 houses, but they are kind of insane. I always use a buyer's agent because the system is set up to make it as big of a pain in the rear end as possible to go without one. That's the cartel e: Go to realtor.com, set up a search the way you want it, then save it. There's a filter for listing age, just set that to "Today" and check its results nightly. Stuff in Seattle/Bellevue is sticking around for 3-4 days before going pending, so you have to keep on top of the latest listings and immediately go see anything that you're interested in. Over the last few weeks I've noticed things slowing down a bit, nice houses sometimes go pending after a week or two instead of a half-week, there are even occasional price reductions. If West Seattle isn't too far of a commute that may be a really excellent area to buy in right now, the West Seattle Bridge is scheduled to be reopened in the next couple of years and that'll drive up prices probably. QuarkJets fucked around with this message at 23:30 on Jun 13, 2021 |
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Jun 13, 2021 23:17
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QuarkJets posted:Excellent post Thanks for writing that up! I actually went to some open houses yesterday and had a couple in western Seattle I wanted to look at but man idk. I work and live in Bothell right now, it takes me about 30 minutes to get to downtown Seattle on the weekend and takes about another 30 to get from there to western Seattle right now. If I knew 100% I would be able to work from home the next couple of years I would probably be really tempted to live over there but its kind of uncertain right now.
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Jun 14, 2021 00:07
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Hadlock posted:Well you haven't put the offer in yet, there's still time to fire them ahead of the deal The selling agent said our REA had contacted her several times regarding info on the house and she was actually quite impressed that we had an agent that was being so diligent and looking out for us. So maybe our brother in law isn't the worst REA around?
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Jun 14, 2021 01:13
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spwrozek posted:E: ^ This is also a good take. It takes no time to fill out the paperwork and e-sign it. my REA has been pretty good about getting a vague yet accurate gauge of where my offer has ended up on the list so essentially it's just been firing best and final offers left and right and finding out how close I was to the top spot inevitably taken by an all-cash offer.
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Jun 14, 2021 01:20
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