OFFICIAL real estate bs discussion
- Thread starter OffshoreDrilling
- Start date
I'm glad I bought last year. Been in my house for 13 months now with a 5.0% rate. Redfin and Zillow estimates say my house has increased in value by ~$24k. If I were buying today, I would be priced out of the market and couldn't afford the place I'm in now.
Same… I bought in 2021 at 2.74% and the house has gone up in value by $60k. Not bad.
Wisc cheaper now yhat Foxconn ain't happening?
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www.shawlocal.com
Wisconsin originally offered $3 billion in incentives. As Foxconn fell almost comically short of jobs and investment goals, a new governor renegotiated the contract down to only $80 million in subsidies. Last month Wisconsin Public Radio reported Foxconn is selling buildings in Green Bay and Eau Claire – a $12 million real estate portfolio – once intended to be “innovation centers” with up to 200 jobs each.
Eye On Illinois: After initial fanfare, Foxconn deal a giant loser for Wisconsin
EOI:No matter which politicians are smiling at the next ceremony celebrating some major economic development “win,” be sure to remember the initial excitement always fades, especially so when promised jobs don’t materialize and local governments are left with gaping budget holes.
Wisconsin originally offered $3 billion in incentives. As Foxconn fell almost comically short of jobs and investment goals, a new governor renegotiated the contract down to only $80 million in subsidies. Last month Wisconsin Public Radio reported Foxconn is selling buildings in Green Bay and Eau Claire – a $12 million real estate portfolio – once intended to be “innovation centers” with up to 200 jobs each.
Just in case you need to take a quick shit while youre showering.
www.zillow.com
500 N Center St, South Elgin, IL 60177 | MLS #11847096 | Zillow
This 2827 square feet Single Family home has 3 bedrooms and 3 bathrooms. It is located at 500 N Center St, South Elgin, IL.
It’s just a full size bidetJust in case you need to take a quick shit while youre showering.
View attachment 179972
500 N Center St, South Elgin, IL 60177 | MLS #11847096 | Zillow
This 2827 square feet Single Family home has 3 bedrooms and 3 bathrooms. It is located at 500 N Center St, South Elgin, IL.
Know how many times I hopped in the shower and then the age old debate of, "do I get out, shit, and finish showering, or finish showering and then shit?"Just in case you need to take a quick shit while youre showering.
View attachment 179972
500 N Center St, South Elgin, IL 60177 | MLS #11847096 | Zillow
This 2827 square feet Single Family home has 3 bedrooms and 3 bathrooms. It is located at 500 N Center St, South Elgin, IL.
Yep and with this setup you just walk over, shit and then rinse your shitty ass down the drain. No TP needed.
We also bought our house in 2021. Recently, I checked its price on 72 sold and was shocked by how much its price increased. I don't even what would I do if I had to buy a house today. It seems that renting is more financially profitable now. I haven't checked the prices though. Maybe they are also shocking.
Yup. It’s crazy. One of my Neighbors bought in late 2021 for $228k and due to financial difficulties they had to sell the place. The place just sold for $268k. the real kicker is it was an half complete rehab. All they did was paint the upstairs, and replace light fixtures and flooring and the entire downstairs is just bare studs and still made $40k.
i just spent the last hour analyzing how long i would have to live in the ritz carlton in kuala lumpur to complete earning lifetime platinum status on marriott
and how i could do it for even much less at this boutique hotel https://www.stripeskl.com/ and it's comically affordable compared to obtain in the US let alone live in a major city in a fancy hotel lol. ultimately i concluded i don't think it would be worth the effort to chase.hua hin is where a lot of thai go and vacation and i think the royal family a fair amount. it has a small airport and is known for having a very photogenic train station. i was there to kart because i have karted on every track in thailand, and one was there near the airport for me to hit up (although i took the train there.)
i think you'd be continually shocked by how far your money can go in thailand. like it's pretty cheap to rent or buy even in bangkok, but once you get out things really take a dive in price, and for cities like this that you've probably never even heard of, but are still quite popular, you can see how far your money can go.
i know lots of people that have spent $300/mo on rent, personally not only am i paying closer to 1000 but i'm paying more than anyone i know
although that's because my place is nice and i really like it. owner here is going to offer me to purchase an early house in a starter project on the land right next to here, part of me is kinda like ah that's too wild a commit, part of me is like ahhhh could work out pretty well; if i'm not living in it i think it could still work as a cash flow positive investment. i think it would have to be cash and 140k, i don't think it would be as nice as this place though. it's an idea i am flirting with though.
I love when people say I’m thinking about buying a rental property. WTF at 8-10% second mortgage that’s a rental property is a higher rate. At the high prices and taxes going up you ain’t going to make shit in profit.
This is the trendy thing for millennials to talk about.
Home prices are holding steady or slowly rising in value. Interest rates hovering at 8+% with a possibility to increase. I don't see how anyone is buying houses now to turn around and rent for profit unless they can buy a fixer upper outright with cash, and save money on labor by putting work into it themselves.
