I met the builder of this home, not a trailer. I walked through this one. Saw the original plans. It's a stick build.
Many homeowners are now underwater on their mortgages with the housing downturn
- Thread starter Saltwater60
- Start date
Cavalry
.338 Win Mag
Ahhh...a ranch with many additions on a crawlspace. Slightly better, but still lipstick.
TEOTWAWKI inc.
.338 Win Mag
The chickens will probably go in a can.
My in-laws have a camper I can use. If it looks like my family is staying behind for a few months, that may be an option.
I have no issue with a nice ranch.
Cavalry
.338 Win Mag
Nor do I, said the guy sitting on an POS capecod in the ADK
libertysnake
.338 Win Mag
I may have to do that. Not a bad idea. Maybe bank up money, get an RV to travel around in, and keep my current home till I feel it's right to sell.
World is your oyster.
You may need to wait a bit more - prices down in FL are still way above pre COVID rates
They will drop, but it will take some time I think
I agree. I am patient.
masterswimmer
.450/400 Nitro Ex
Here is an example of what we want.
200 Elkins Rd, Rogersville, TN 37857 | realtor.com®
View 43 photos for 200 Elkins Rd, Rogersville, TN 37857, a 3 bed, 2 bath, 1,683 Sq. Ft. single family home built in 1984 that was last sold on 08/30/2012.www.realtor.com
In 2005, sold for $160. Seven years later, $189, now $329
Very interesting home. I love that you can target shoot from the hot tub.
Very curious why they'd put the electric service panel in a bathroom, with an exterior door to the back porch. Just odd for that combination
The solid core wood doors are nice as are the wood floors. I like the stone fireplace. The chinking is robust and looks well maintained.
Just be careful with properties located in mediocre school districts. You might not have school age kids, but resale values typically stay higher in better school districts.
Very interesting home. I love that you can target shoot from the hot tub.
Very curious why they'd put the electric service panel in a bathroom, with an exterior door to the back porch. Just odd for that combination
The solid core wood doors are nice as are the wood floors. I like the stone fireplace. The chinking is robust and looks well maintained.
Just be careful with properties located in mediocre school districts. You might not have school age kids, but resale values typically stay higher in better school districts.
Sometimes you have to shoot a deer from the shitter while changing a breaker.
Uzi
.308 Win
Livin' the American dream. Life inside the matrix.
spat
.950 JDJ
The ideal scenario would have been to sell a year ago, stash the money in inflation resistant assets, rent for a year, and buy next spring or summer TBH.
You could have made a boatload.
That's basically how the wealthy make all their money. They don't get rich during the boom times. They get rich buying bargains when everyone else is losing their shirt.
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Depick
.308 Win
Well the next year or two will bring opportunities to those who held on to their money.
ManualF150
.308 Win
My next assumption will be the used car market might cheap again.
All of our properties are paid for, we sold the rentals when people didn’t think they had to pay rent during the Covid ¥*€>}£. My daughter buys homes and I get to do whatever it is we have to do to resell them. She bought a house in cedervale for 29’9…we spent $20’000 on materials and it sold for $219’000 she’s one smart cookie and buys me a few more tools at every remod .
masterswimmer
.450/400 Nitro Ex
I’ve been splitting wood since 5 and I have arthritis , It was 19 degrees this morning… oh and I’m an old fuck too.OCD alert.
Doesn't your device have a comma?
Back in my day
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It seems like only yesterday that I could cut and split a cord an hour…yes a full cord. Third load out of the woods today and my ass is dragging
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spat
.950 JDJ
Not so sure.
Used cars get cheap when everyone wants a new one.
I think it's going to remain tight for years.
I don't think so, the cost of a new car will go up which will make used cars more valuable. This is just my thought process, I could be wrong
Modean
.223 Rem
Prolly right. Even more so as ICE vehicles start being produced less in favor of EV.
One of the things that I am seeing, alot in the areas we are looking, new home prices are dropping. Never owned homes, the prices are dropping rather quickly. 10K a week. People down that way are not buying new builds.
Let's hope so. I have a feeling they will still remain high due to all the new yorkers that continue to move to that state.
spat
.950 JDJ
The thing is what your buyer can afford is based on the monthly payment they can get, not the price you are charging for the house.
With interest rates on loans twice what they were a year ago the monthly payment on the same price house has gone up drastically.
That means the people who could afford a $300k house a year ago can only afford a $200k house now, even if their income hasn't changed.
Or from the other perspective, if you're asking $200k for your house, you need to find buyers who could have paid $300k for it a year ago.
Everyone is screwed.
Saltwater60
20×102mm Vulcan
Car lots by me are packed now.
MikeM
.44 mag
2 houses we were tracking in Eastern Tenn. just sold. One started out ,4 months ago at 475k. Dropped 25k 3 times to 400k. It just got sold for $360,000. Except for the fact the land didn't allow for a pool it was perfect for us. However, A pool is a must for my wife's back. The other place sold for 55k below asking.
This is a good sign
Saltwater60
20×102mm Vulcan
They have swim spas and smaller pools now that can be done on concrete slabs.
On the flip side, my home has been paid off for 15 years.
I lived in a modest community. No million dollar homes. House across the st sold for 70k in 2009, and yesterday, sold for $195. My split level home is probably now worth $250 or more, based on recent sales on this nearly private road.
I have a $67k assessment and a EQR that say $95k.
I fear a county revaluation. Some towns change assessments up, every year.
I lived in a modest community. No million dollar homes. House across the st sold for 70k in 2009, and yesterday, sold for $195. My split level home is probably now worth $250 or more, based on recent sales on this nearly private road.
I have a $67k assessment and a EQR that say $95k.
I fear a county revaluation. Some towns change assessments up, every year.