talk here is also expensive!
? How so?
Less action and more talking from @hanera is better. I donāt want him competing in my hood.
Next to major road. Got a price cut.
1014 = Sure to die
Ah that must be the reason. Gotta buy it, apply for address change, sell it for 300k premium.
I would not touch this home !
The issue is the flipper bought this home for 1.75M last sep 2017, trying to offload at 2.298M, at about 31% price hike.
OMG, this is what exactly happened in 2007-2008, every 3 months 25% price hike happened as buyers were crazy.
History repeats in 2018, every six months 30% jump on price.
For the house: Yeah, the renovation looks very mediocre, if anything.
Do you see an end to that? you are moving from stocks into re, but if thereās pullback, where do you think it will go before it drops? Where will it drop to?
Letās take trillon dollar guessā¦
looks at this houseā¦ new record for this area
No idea when & How much and where, but I am not concerned about it as I have seen this place last 25 years, homes jumping from 400k to 2.5M level (now). Yes, it can happen. I understand the risk, but the effect on my assets is lessor than stocks as real estate has low volatility than stocks. If there is a drop, I may buy (likely) one more using my refi cash, otherwise I will build my single story home. On any case, I have plenty of safety net to cover.
So far, I have heard five of my friends, who bought Condos/TH in the last two to three years, bought again (SFH) recent months leaving old home as rental. It is unbelievable I am hearing more such incidents. They bought those Condos/TH thinking that prices may crash, but now they are convinced by FOMO SFH ! Even I had FOMO 10k lot out of reach, then bought one.
Sound like prices are pumped by investorsš
Diminishing availability of big lot SFH (as 3 stories are coming now a days) and The reason for my recent purchase is to lock the low rate once for all. The rates less than 4% or even 4.25% is going to be the lowest rate in this century ! Like short sale is history (not foreclosure), low rates are going to be history in USA.
That was cheapā¦
too remote?
Indeed remote. It takes you 20 min to get down from there to Monta Vista HS. You could be friends with mountain lions however
This home has been listed years like this way ! You will be jungle-jun then
Jungle Jil sounds catchier.