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https://twitter.com/GRDecter/status/1683867169900077057?s=20
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Jul 26, 2023 02:21
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| # ? May 20, 2024 11:11 |
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I looked at another house today and it was covered in a nice layer of mouse poo poo and all the windows were hosed up. also electrical panel looked like a rats nest. no way I’m dumping money in that place.
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Jul 26, 2023 02:22
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RadiRoot posted:I looked at another house today and it was covered in a nice layer of mouse poo poo and all the windows were hosed up. also electrical panel looked like a rats nest. no way I’m dumping money in that place. But it's a healthy market!
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Jul 26, 2023 13:04
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second housing bubble in 20 years hope you bought before 2004 or so
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Jul 26, 2023 13:23
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anytime between 2009 and 2021 was great because of how low rates were it's pretty nuts that the US is one of the few places that does 30-year fixed rate mortgages
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Jul 26, 2023 13:35
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the 30 year fixed rate is a child of the new deal. but remember those were only for white people until the 70s and even then
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Jul 26, 2023 13:36
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You could have made a huge sum of cash if you bought in the mid 2010s, too.
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Jul 26, 2023 13:43
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I feel like a huge dummy for buying a reasonable house that I could easily afford the payments on because now 7 years later we have kids and also now have a much better idea of what we want in a house but woops, can’t move.Even a marginal upgrade would at least double the mortgage payment. Shoulda bought the max they would have given me a loan for back in 2016.
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Jul 26, 2023 13:55
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same can you expand your current house with an addition ?
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Jul 26, 2023 13:56
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This guy is confusing "the housing market is strong" and "people need a place to live"
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Jul 26, 2023 14:19
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Also I wouldent categorize the unstoppable force (no demand) meeting the immovable object (no supply) as 'strong' - market is totally busted
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Jul 26, 2023 14:29
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Pittsburgh Fentanyl Cloud posted:This guy is confusing "the housing market is strong" and "people need a place to live" look at tha power of the market
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Jul 26, 2023 14:57
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Pittsburgh Fentanyl Cloud posted:This guy is confusing "the housing market is strong" and "people need a place to live" housing market is strong which is why foreclosures are going up
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Jul 26, 2023 15:02
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RadiRoot posted:housing market is strong which is why foreclosures are going up The choice for a lot of people is paying for a wildly overpriced apartment they can't afford or rolling the dice on a mortgage they can't afford and hoping for a rate decrease to refi.
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Jul 26, 2023 15:12
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I locked in a 5.75% mortgage in June and now mortgages are more than two points higher. Very healthy
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Jul 26, 2023 15:20
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Thoguh posted:I feel like a huge dummy for buying a reasonable house that I could easily afford the payments on because now 7 years later we have kids and also now have a much better idea of what we want in a house but woops, can’t move.Even a marginal upgrade would at least double the mortgage payment. yeah, it’s a bit tough because we are moving and our payment is now going to be from 1600 (15 yr @2.50 ish) to about 3k (30yr 7ish%). however, both our jobs relocated at the same time so had to do it. my peers who didn’t move are still unemployed months later. the pollinator garden we installed was apparently an attractive perk. so yay plant people.
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Jul 26, 2023 15:35
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Thoguh posted:I feel like a huge dummy for buying a reasonable house that I could easily afford the payments on because now 7 years later we have kids and also now have a much better idea of what we want in a house but woops, can’t move.Even a marginal upgrade would at least double the mortgage payment. extremely same. I have a feeling that when we do pull the trigger in a few years, the bubble will burst and we’ll have 2008’ed ourselves for an extra office.
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Jul 26, 2023 15:56
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meanolmrcloud posted:extremely same. I have a feeling that when we do pull the trigger in a few years, the bubble will burst and we’ll have 2008’ed ourselves for an extra office. The bubble is never going to burst, the government has made it quite clear that they'll do whatever it takes to make sure housing prices never go down in any appreciable way ever again. Housing will never be cheaper in this country than it is right now.
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Jul 26, 2023 15:58
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My brother lives in one of the shittiest and most depressed housing markets in the country, a place where he bought his current 3br 1ba house for $34K in 2012. Now anything that's a sidegrade or upgrade on what he's got is six figures. This is a community with a median household income under $30K/year. Prices everywhere are going to go up forever and the government will spin this as a positive economic development.
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Jul 26, 2023 16:00
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Pittsburgh Fentanyl Cloud posted:My brother lives in one of the shittiest and most depressed housing markets in the country, a place where he bought his current 3br 1ba house for $34K in 2012. Now anything that's a sidegrade or upgrade on what he's got is six figures. This is a community with a median household income under $30K/year. three bedrooms, one bath. reminds me of that movie A Serious Man, where the uncle is using the only bathroom to drain his cyst for 16 hours of the day. Wouldn't he be able sell at six figures as well? Wouldn't that be a wash?
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Jul 26, 2023 17:09
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euphronius posted:same We could build out over the garage I suppose, but I cringe to learn how much that would cost. There's some improvements we could make but they're mostly stuff that would help if and when we sold the house vs making much of a difference for us right now. Stuff like make the room in the basement that we use as an office a conforming bedroom by putting in an egress window, make the bathroom down there that the prior owners put in themselves up to code, repaint or put down new carpet, that kind of stuff.
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Jul 26, 2023 17:25
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A Bad King posted:three bedrooms, one bath I mean, that was standard in this country for a very long time, the house I just bought is the only place I've ever lived in my life with more than one bathroom and I'm in my forties. I never lived anywhere with central air until 2021 either, when I added it to my old house. quote:
Everything he's liked so far has gotten bid up or goes contingent within a few days. He doesn't want to deal with selling his current place while buying a new one.
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Jul 26, 2023 17:57
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Thoguh posted:We could build out over the garage I suppose, but I cringe to learn how much that would cost. There's some improvements we could make but they're mostly stuff that would help if and when we sold the house vs making much of a difference for us right now. Stuff like make the room in the basement that we use as an office a conforming bedroom by putting in an egress window, make the bathroom down there that the prior owners put in themselves up to code, repaint or put down new carpet, that kind of stuff. is there yard space for an office shed ? or something like that
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Jul 26, 2023 18:22
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shed technology has progressed by leaps and bounds
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Jul 26, 2023 18:22
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sheds will never be cheaper than they are today
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Jul 26, 2023 18:28
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aw frig aw dang it posted:sheds will never be cheaper than they are today  Get in on the ground floor, before it's too late.
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Jul 26, 2023 18:37
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prices do not include the concrete pad
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Jul 26, 2023 18:41
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gonna insulate that shed and run plumbing and electric to it
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Jul 26, 2023 18:44
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biceps crimes posted:gonna insulate that shed and run plumbing and electric to it richie rich over here
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Jul 26, 2023 19:01
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Having just one bathroom is basically one of the only things that will cause a house to actually linger on the market in my area. We have two full bathrooms and two half bathrooms now, and when we rebuilt our builder was pretty much going right up to the edge of calling us morons for not wanting to convert the half bath in the family room into a full.
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Jul 26, 2023 19:07
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As material conditions continue to decline, the American consumer will demand more perceived luxury products and features at the lowest price possible so that they can still feel affluent. You won't be able to afford medical care, but your paperboard house will have twice as many bathrooms as bedrooms.
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Jul 26, 2023 19:09
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you must have quartz lining your bathroom top to bottom and a huge loving tub, or your house is worthless
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Jul 26, 2023 19:10
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sonatinas posted:you must have quartz lining your bathroom top to bottom and a huge loving tub, or your house is worthless Somehow realtors are capable of holding this thought in their heads alongside the one that says "every house will only go up in value forever and be worth millions"
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Jul 26, 2023 19:16
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they haven’t been wrong yet
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Jul 26, 2023 19:17
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euphronius posted:prices do not include the concrete pad you don’t need a pad you can use premade blocks. a pass might even require an environmental review dependent one’s location
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Jul 26, 2023 21:05
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euphronius posted:is there yard space for an office shed ? or something like that Naw. In fact part of what we'd love to upgrade to is a larger yard with an outbuilding, which pre 2020 we would have been able to do without a huge cost because getting a half acre or acre lot isn't a big expense in Iowa as long as you're fine with living on the outskirts of town but lol, now those places are a minimum $500k and come with a 7% mortgage.
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Jul 26, 2023 21:14
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Thoguh posted:Naw. In fact part of what we'd love to upgrade to is a larger yard with an outbuilding, which pre 2020 we would have been able to do without a huge cost because getting a half acre or acre lot isn't a big expense in Iowa as long as you're fine with living on the outskirts of town but lol, now those places are a minimum $500k and come with a 7% mortgage. Didn't you hear? If you don't like what housing costs in the city, just move to a low cost of living area.
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Jul 26, 2023 21:15
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Pittsburgh Fentanyl Cloud posted:Didn't you hear? If you don't like what housing costs in the city, just move to a low cost of living area. florida is real hot right now
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Jul 26, 2023 21:15
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You can always move to one of the most distressed real estate markets in America, where the median household income hovers around $30K a year and there are no jobs but at least the houses are cheap  
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Jul 26, 2023 21:26
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| # ? May 20, 2024 11:11 |
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Pittsburgh Fentanyl Cloud posted:You can always move to one of the most distressed real estate markets in America, where the median household income hovers around $30K a year and there are no jobs but at least the houses are cheap 
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Jul 26, 2023 21:30
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