Flood zone bahh.. my parents house in Schaumburg flooded twice and it’s nowhere near any water. shits going to happen regardless.
🏡 Better Homes OFFICIAL real estate bs discussion
- Thread starter OffshoreDrilling
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This place in Milwaukee is cool. 3,000 square foot commercial garage space attached to the house.
www.zillow.com
1411 E Potter Ave, Milwaukee, WI 53207 | Zillow
1411 E Potter Ave, Milwaukee WI, is a Multiple Occupancy home that contains 5004 sq ft and was built in 1924.It contains 4 bedrooms.This home last sold for $285,000 in April 2020. The Zestimate for this Multiple Occupancy is $1,257,100, which has decreased by $9,939 in the last 30 days.The...
They aren't similar prices, that's the thing. Homes off the flood plain are almost always more money. Your paying for mandatory flood insurance as well as taking a risk of flooding issues with a home in the flood plain. Usually gets you a cheaper purchase price.
DARN IT CAPITALISM
maybe a house on the chain isn't in cards right now for this person
a house on the chain isn't a god given right panda, i know you know this.
every house, has a compromise. no matter what. it's weighing those pros and cons that should hopefully make people make decent decisions while home buying but im pretty sure people don't think logically so fuck it all
these fuckers building houses in my hood currently are working 7 days a week hustling their dicks off lately...
"Refis continue to evaporate"
She should also point out that the sky is blue.
Looks like home prices in september were still up 8% YOY. Of course transactions are going to be way way down, but prices aren't moving much at the national level because there's still an underlying shortage (which will get worse now that builders are pulling back).
Prices will prob drop a little bit, but there's a reason we're 5 months in to these higher rates and home prices are still way up YOY.
She should also point out that the sky is blue.
Looks like home prices in september were still up 8% YOY. Of course transactions are going to be way way down, but prices aren't moving much at the national level because there's still an underlying shortage (which will get worse now that builders are pulling back).
Prices will prob drop a little bit, but there's a reason we're 5 months in to these higher rates and home prices are still way up YOY.
best is one of the houses is almost done, looks super nice, but the people are selling a house in a nicer hood, that's a nicer house, and moving into my hood... k cool whatever. but they haven't sold that house. and barely had any showings at this point. and are poseda close on the new house soon... which somehow ive heard through the grapevine they're rolling a pool into their mortgage...
it's weird AF seeing the mortgage rate digital signs at places saying 7.x
I would literally expect refis to be at zero right now. You have to get pretty creative to think up a situation in which you'd actually refi a house in this environment. Divorce maybe?
This is the turn in the US housing market where the average person isn’t going to be able to afford to buy. Builders aren’t building, there is still demand and no one is looking to jump between houses unless they’re a forced seller at these interest rates.
Prices are going to keep moving up.
Prices are going to keep moving up.
the mailers im getting currently crack me up. i probably get 3-4 per day telling me to do a refi/heloc.
completely AneCdOTAL but fuck man i swear there's 8 houses in my hood of like 50 lots, 35 of which are built on already, being built currently.
the craziest to me is they are tossing up 3-400k townhomes at the entrance like assembly line style. i think there's one almost done with 4 units in it, one dried in with 4 units, one's a foundation for 4 units, and one got dug this past week.
Fuck, i listen to 94.1 at work, and there's some mortgage dick that they have on all the time that's like RATES GO UP AND DOWN DOOOOOOOONT WORRRY JUST BUY NOW AT LEAST YOU CAN BUY A HOUSE HEHEHEHEHE BUY BUY BUY.
WHEN RATES DROP WE CAN REFI YOU!!!!1!!!!
hey mr salesman, how the fuck you gonna refi a 700k loan on a house now worth 500k?
The question is how much will the new construction slowdown drive down materials prices. if that answer ends up being zero due to other unfavorable events (further supply shortages, or the hurricane lol), then yeah there's no relief in sight.
Hurricane Ian could have a pretty significant impact on demand
These townhomes are going up everywhere for 300-500, like wtf. Just buy a fucking house as your HOA is going to be another 300-1000/mo.
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