🏡 Better Homes OFFICIAL real estate bs discussion

[LikeABauce302]

Maybe I'm a boomer, but I prefer some sort of wood finish over the generic looking white baseboard and trim my girlfriend was insistent on installing in our boomer house.

Edit: WATCH OUT FOR ALL THEM LEAF CLIBBINS OUT THERE HOSS. GOBBLESS!

 

[FirstWorldProblems]

white trim ftw

 

[Jimy Bilmo]

Unless it's a cabin or western home, white is right.

 

[FirstWorldProblems]

I swear the far right side of the house in that first picture looks like a 70's split level and the far left looks like a detached garage and they just added building between the two to attach them. lol

Wouldn't surprise me if there was at least one addition. Ex this doesn't look like it would have been built this way, why put a step there and have such a significant difference in ceiling height

 

[Jimy Bilmo]

Wouldn't surprise me if there was at least one addition. Ex this doesn't look like it would have been built this way, why put a step there and have such a significant difference in ceiling height

It may have, steps were all the rage in boomer homes. Like, why the fuck is the first floor three different levels.

 

[FirstWorldProblems]

Lol, stuff like this cracks me up. Absurdly oversized outdated house listed at $1.1m originally, currently at 775k and it probably still won't sell despite this subdivision being awesome. 2+ acre lots, city water and sewer (unheard of for lots that size), etc. We considered building in here but the location, taxes (~1.3%) and HOA were deal breakers.

3310 Pepper Creek Bridge Pkwy, Valparaiso, IN 46385 | Zillow

3310 Pepper Creek Bridge Pkwy, Valparaiso IN, is a Single Family home that contains 6676 sq ft and was built in 2005.It contains 4 bedrooms and 4 bathrooms.This home last sold for $550,000 in September 2019. The Zestimate for this Single Family is $779,200, which has increased by $11,368 in...

www.zillow.com

This house is not that old but it just seems like it's laid out so foolish, with SOOO MUCH redundancy. Short of having three other families live with you I legit don't know why you'd want this many living/dining rooms. Then again it's 7k sq ft and only has four bedrooms so I guess that multi-family idea is out the window.

Here's one basement living room

And another basement living room directly adjacent to that one, with a built in entertainment center (but the TV is in the other room)

Basement theater? OK that's pretty cool. Or maybe it's just a third basement living room IDK

Living area #3? #4?

Upstairs living room

Smaller upstairs living room?

Dining room

Smaller dining room i guess

Imagine having all that basement space and not putting a bedroom or two down there, at least that would have made some sense.

 

[FirstWorldProblems]

Weird, just saw it shows that it sold for $550k in 2019. It doesn't look like it's been renovated at all so maybe these owners are truly just morons.

 

[Jimy Bilmo]

Weird, just saw it shows that it sold for $550k in 2019. It doesn't look like it's been renovated at all so maybe these owners are truly just morons.

Trying to cash in on that bubble

 

[Fish]

Lol, stuff like this cracks me up. Absurdly oversized outdated house listed at $1.1m originally, currently at 775k and it probably still won't sell despite this subdivision being awesome. 2+ acre lots, city water and sewer (unheard of for lots that size), etc. We considered building in here but the location, taxes (~1.3%) and HOA were deal breakers.

3310 Pepper Creek Bridge Pkwy, Valparaiso, IN 46385 | Zillow

3310 Pepper Creek Bridge Pkwy, Valparaiso IN, is a Single Family home that contains 6676 sq ft and was built in 2005.It contains 4 bedrooms and 4 bathrooms.This home last sold for $550,000 in September 2019. The Zestimate for this Single Family is $779,200, which has increased by $11,368 in...

www.zillow.com

This house is not that old but it just seems like it's laid out so foolish, with SOOO MUCH redundancy. Short of having three other families live with you I legit don't know why you'd want this many living/dining rooms. Then again it's 7k sq ft and only has four bedrooms so I guess that multi-family idea is out the window.

Here's one basement living room

And another basement living room directly adjacent to that one, with a built in entertainment center (but the TV is in the other room)

Basement theater? OK that's pretty cool. Or maybe it's just a third basement living room IDK

Living area #3? #4?

Upstairs living room

Smaller upstairs living room?

Dining room

Smaller dining room i guess

Imagine having all that basement space and not putting a bedroom or two down there, at least that would have made some sense.

All I see is, a space for my kids toys, a space for my wife’s office, a space for me/my office. A game room, a theater room. Not for that price though.

 

[Chester Copperpot]

All the kids of boomers were so conditioned to think they’ll need 4000+ sqft houses because they grew up in a cluttered 1200 sqft house full of china cabinets, doll displays, end tables at every couch end, etc, etc. idk wtf to do with ~1900 sqft, let alone the ADDITIONAL ~1900 sqft basement.

 

[Yaj Yak]

All the kids of boomers were so conditioned to think they’ll need 4000+ sqft houses because they grew up in a cluttered 1200 sqft house full of china cabinets, doll displays, end tables at every couch end, etc, etc. idk wtf to do with ~1900 sqft, let alone the ADDITIONAL ~1900 sqft basement.

 

[OffshoreDrilling]

All the kids of boomers were so conditioned to think they’ll need 4000+ sqft houses because they grew up in a cluttered 1200 sqft house full of china cabinets, doll displays, end tables at every couch end, etc, etc. idk wtf to do with ~1900 sqft, let alone the ADDITIONAL ~1900 sqft basement.

Sounds like the house I grew up in and the square footage of the house i bought.




Having space is nice. It’s actually used for things that aren’t dust collecting displays and furniture for once a year use. Now I need a second garage

 

[LikeABauce302]

Peak suburban wealth

 

[DEEZUZ]

I mean... Kinda lol

 

[Yaj Yak]

just heard his latest ad he legit fucking says this word for word:

"it's much more important to get a home than care what the interest rate is"

god he's on the radio currently im so excited.

it's more important to get a home than care what the interest rate it, look, the rates are high, they will go down at some point though, maybe it's 2 months, maybe it's 6 or 12 years, get a house now and get away from a landlord! !1!1!!

 

[Yaj Yak]

"you can refi no matter what you pay, home values will continue to go up for sure"

 

[OffshoreDrilling]

To some degree that’s good advice. If you need a home you need a home. RE prices are more sure to rise than interest rates to drop IMO. People are dumb and think they can time the market. Your primary residence is not an investment, it’s a stable place to live and raise a family. If you “make money” on it, good on you.

So priced out/tight budget now because interest rates are high or priced out/tight budget in the future because prices go up and interest rates drop 2% and you’re in the same situation with the monthly nut.

 

[Yaj Yak]

To some degree that’s good advice. If you need a home you need a home. RE prices are more sure to rise than interest rates to drop IMO. People are dumb and think they can time the market. Your primary residence is not an investment, it’s a stable place to live and raise a family. If you “make money” on it, good on you.

So priced out/tight budget now because interest rates are high or priced out/tight budget in the future because prices go up and interest rates drop 2% and you’re in the same situation with the monthly nut.

YOU TRYN' BREAK TCG WITH THAT NONSENSE?!

 

[FirstWorldProblems]

October home sale data should come out on friday

Gotta be a shit time to be an agent, I can't export this but just eyeballing it the current home sale rate looks to be 15-20% below the 10yr average and this is only through september. Q4 will be brutal

 

[Five-0]

It's nothing new. It just feels "bad" because we were living in a boom for 2 years. Winter is usually slow, coupled with higher interest rates, people are taking their time. The overpriced and outdated boomer homes are coming down in price and taking longer to sell. Your move in ready homes are still selling over ask with multiple offers. Me personally, I am happy for this slow down. I'm a Realtor part time and I don't mind a couple month break through the holiday's. Hoping it also weeds out the sea of shitty agents who I end doing all their work too to get a deal closed. Buyers and sellers will always be there and they are still a ton more buyers than homes for sale.

 

[Aircal]

Looked at a couple more houses this weekend. All around 380k. All needed a min 100 to 150k in work. But, none of the neighborhoods support 500+ homes. And yes seeing ready to move in are selling hot still. Anything that needs work is slow. One we saw 3 weeks ago that has black mold on the family room ceiling dropped 50k. Still not worth it.

 

[FirstWorldProblems]

October data is out

Houses sold down 5.9% YOY
Home prices still up 6.6% yoy

U.S. existing home sales plunge; tight inventory keeps prices rising

U.S. existing home sales tumbled for a record ninth straight month in October as the 30-year fixed mortgage rate hit a 20-year high and prices remained elevated, pushing homeownership out of the reach of many Americans.

www.reuters.com

Properties typically remained on the market for 21 days last month, up from 19 days in September. Sixty-four percent of homes sold in October 2022 were on the market for less than a month.

First-time buyers accounted for 28% of purchases, down from 29% in September and a year ago. All-cash sales made up 26% of transactions, up from 24% a year ago.

"Recent downward movement in mortgage rates might provide some reprieve in the coming months, but with home values appearing to hold strong, affordability challenges remain top of mind," said Nicole Bachaud, senior economist at Zillow in Seattle.

 

[Chester Copperpot]

Told Megan for basically the cost of what we pay for both our vehicles combined, we could have a UP getaway house. And a home base for Eagle and I. Really nicely updated manufactured home, too. Only half an acre though.

82 McClellan Ave, Rockland, MI 49960 | realtor.com®

View detailed information about property 82 McClellan Ave, Rockland, MI 49960 including listing details, property photos, school and neighborhood data, and much more.

www.realtor.com

 

[DEEZUZ]

Told Megan for basically the cost of what we pay for both our vehicles combined, we could have a UP getaway house. And a home base for Eagle and I. Really nicely updated manufactured home, too. Only half an acre though.

82 McClellan Ave, Rockland, MI 49960 | realtor.com®

View detailed information about property 82 McClellan Ave, Rockland, MI 49960 including listing details, property photos, school and neighborhood data, and much more.

www.realtor.com

Would you year round heat a place like that or winterize it?

 

[Chester Copperpot]

Would you year round heat a place like that or winterize it?

No fucking idea. Just a passing thought I had to check out UP house prices and stumbled upon that.