|
From what I have seen in Sacramento, there have been many houses "pending sale" that fall through. People probably got pre-approved at 4-5% but can't afford at 6%+ e:  this is just antidotal, I wish I had hard numbers of price drops and pending sales that get cancelled. Fozzy The Bear has issued a correction as of 23:16 on Sep 11, 2022 |
#
?
Sep 11, 2022 23:13
|
|
|
|
| # ? May 24, 2024 01:15 |
|
|
I live in a decidedly not hot market in western CT so prices never shot through the roof here, but they've been steadily climbing from their already overheated pre-pandemic levels and they're still going up despite homes sitting on the market for longer. Same poo poo that happened out here around 2008. Houses never shot through the roof like in other places, also have never once come down in the past 20 years. There was a brief pause in the immediate aftermath of 2008 where prices held steady, then right back up again. The median home value in this area is just shy of $600k from around $450k six years ago.
|
|
#
?
Sep 12, 2022 00:00
|
|
|
https://twitter.com/AlexanderMcCoy4/status/1568819652855271424 The investor class is openly admitting that they're obstructing home building so they can corner the market and no one's doing anything about it.
|
|
#
?
Sep 12, 2022 15:32
|
|
|
https://www.post-gazette.com/busine...es/202209110032quote:Pittsburgh renters cope with sticker shock as apartment costs spike
|
|
#
?
Sep 12, 2022 15:33
|
|
|
Fozzy The Bear posted:From what I have seen in Sacramento, there have been many houses "pending sale" that fall through. There is no database that tracks pending sales that got cancelled that I know of, but zillow keeps track of houses being sold for less than asking and of price cuts: https://www.zillow.com/research/data/
|
|
#
?
Sep 12, 2022 15:37
|
|
|
lmao rent to own model dear god .
|
|
#
?
Sep 12, 2022 15:39
|
|
|
https://opoulos.itch.io/simnimby
|
|
#
?
Sep 12, 2022 22:56
|
|
|
a bit surprised at how cheap Pittsburgh is still. I was looking up houses in Shadyside which is a nice area close by CMU and you can get places for half a million which is peanuts by the standards of a major city
|
|
#
?
Sep 12, 2022 22:58
|
|
|
Most people don't have a half million sitting around to buy a house, nor can they finance a half million dollar mortgage.
|
|
#
?
Sep 12, 2022 23:13
|
|
|
Pittsburgh Fentanyl Cloud posted:https://twitter.com/AlexanderMcCoy4/status/1568819652855271424 that just says that they're aware of the shortage and taking advantage of it? Great business savvy nevertheless, we love our Blackrock dont we folks
|
|
#
?
Sep 12, 2022 23:33
|
|
|
Greatly expanding Section 8 seems like the only way for our elected officials to ease the housing crunch its a public-private partnership and a subsidy to landlords, truly a bipartisan solution for us all
|
|
#
?
Sep 12, 2022 23:36
|
|
|
whoops missed the goldrush Days on market: 57
|
|
#
?
Sep 12, 2022 23:49
|
|
|
BIG-DICK-BUTT-gently caress posted:Greatly expanding Section 8 seems like the only way for our elected officials to ease the housing crunch Just make the federal government the only legal landlord and set all rent prices at cost of ownership and maintaince. As long an antagonistic political party (or two) doesn't deliberately sabotage the program we're good to go.
|
|
#
?
Sep 12, 2022 23:54
|
|
|
BIG-DICK-BUTT-gently caress posted:Greatly expanding Section 8 seems like the only way for our elected officials to ease the housing crunch no build more houses
|
|
#
?
Sep 13, 2022 23:05
|
|
|
Ammanas posted:no build more. houses??
|
|
#
?
Sep 14, 2022 00:07
|
|
|
Ammanas posted:no build more houses build more large apartments imo. straight upward. also use some sort of .... green technology... to make them gooder
|
|
#
?
Sep 14, 2022 00:43
|
|
|
Ammanas posted:no build more houses that's not neoliberal enough and blackrock et al would just buy them up anyways
|
|
#
?
Sep 14, 2022 00:46
|
|
|
Ammanas posted:no build more houses The yimby's rule, they have some of the biggest baby brains out there.
|
|
#
?
Sep 14, 2022 02:28
|
|
|
indigi posted:build more large apartments imo. straight upward. also use some sort of .... green technology... to make them gooder they're building huge apartment buildings downtown here and they all cost minimum $3k/mo for a studio
|
|
#
?
Sep 14, 2022 02:37
|
|
|
they shouldn't do that imo. also no studios
|
|
#
?
Sep 14, 2022 03:33
|
|
|
BIG-DICK-BUTT-gently caress posted:that's not neoliberal enough and blackrock et al would just buy them up anyways easily resolved with simple change in tax codes lol..lmao
|
|
#
?
Sep 14, 2022 06:16
|
|
|
BIG-DICK-BUTT-gently caress posted:that's not neoliberal enough What if we built more housing apps?
|
|
#
?
Sep 14, 2022 17:21
|
|
|
new grandma house just dropped https://www.redfin.com/PA/Pittsburgh/811-Sebring-Ave-15216/home/73502321
|
|
#
?
Sep 14, 2022 17:58
|
|
|
that bathroom is horrendous
|
|
#
?
Sep 14, 2022 18:20
|
|
|
We’re they dragging bodies back and forth across the carpet to the kitchen what the gently caress
|
|
#
?
Sep 14, 2022 18:22
|
|
|
Probably just an old person who didn't change or replace anything in the house from 1972 on and died in there.
|
|
#
?
Sep 14, 2022 18:23
|
|
|
667/mo, that's basically free
|
|
#
?
Sep 14, 2022 18:26
|
|
|
are you loving high? aside from being in america thats a fine house
|
|
#
?
Sep 14, 2022 18:50
|
|
|
and it costs as much as like 2 cars jesus
|
|
#
?
Sep 14, 2022 18:51
|
|
|
some new carpet, paint, replace that wood paneling with drywall and you're in business.
|
|
#
?
Sep 14, 2022 18:54
|
|
|
the house would be a good before and after carpet cleaning advertisement. would like to see how close it gets to the unworn sections that furniture was on.
|
|
#
?
Sep 14, 2022 18:55
|
|
|
Was last sold in 1962 according to the county real estate page and I doubt anywhere in America has sold pink shag carpet like that since 1975, poo poo's probably had the color walked right out of it. Owner just died at age 89 according to the obituaries, this is someone who lives elsewhere trying to offload their dad's house with a minimum of fuss.
|
|
#
?
Sep 14, 2022 18:56
|
|
|
I'd want a complete bathroom redo
|
|
#
?
Sep 14, 2022 18:57
|
|
|
"want" and "need" are two different things though
|
|
#
?
Sep 14, 2022 18:57
|
|
|
Is that part of PA relatively cheap because even trying to offload it fast and how hosed up it is inside that poo poo is crazy.
|
|
#
?
Sep 14, 2022 19:08
|
|
|
That's inside city limits Pittsburgh, it's four blocks from my house and more than I paid for mine in 2015 in updated, livable condition. They're century+ old homes with mostly no garages or driveways so I don't think the prices are that cheap. A landlord will probably snap that up and rent or flip it though.
|
|
#
?
Sep 14, 2022 19:09
|
|
|
Pittsburgh Fentanyl Cloud posted:That's inside city limits Pittsburgh, it's four blocks from my house and more than I paid for mine in 2015 in updated, livable condition. I’m coming over for dinner
|
|
#
?
Sep 14, 2022 19:11
|
|
|
That house is less than one block from a light rail station
|
|
#
?
Sep 14, 2022 19:12
|
|
|
you may not want to be so specific on your location?
|
|
#
?
Sep 14, 2022 19:12
|
|
|
|
| # ? May 24, 2024 01:15 |
|
|
Crusty Nutsack posted:you may not want to be so specific on your location? There are several hundred houses within four blocks of that one, I'm not particularly worried about it.
|
|
#
?
Sep 14, 2022 19:13
|
|