joey
Footballguy
Liking the sound of thisWife went to visit her parents in Mill Valley, CA, two weeks ago. A home down the street from parents went for a MIL over asking.
signed,
Mill Valley Homeowner
Liking the sound of thisWife went to visit her parents in Mill Valley, CA, two weeks ago. A home down the street from parents went for a MIL over asking.
Wow!! Congrats!!Bought our second home in one of the surrounding counties of Nashville in the suburbs a little over 2 years ago for 350. Just put up for sale and got an offer for 510 today. Crazy times
200+ in the Nashville area and continuing to rise. More people moving here with deep pockets.What kind of $/sq ft are you guys seeing in your area?
Getting rid of PMI is a glorious feelingBought three ago for $120k Just appraised at $195k for re-fi.
PMI
230-240 here. Bought at 166 early 2019. LolWhat kind of $/sq ft are you guys seeing in your area?
Just sold in Huntington Beach for $541/sf and the new buyers gutted it. They had just sold their smaller (but nicer) HB home for about $770/sf.What kind of $/sq ft are you guys seeing in your area?
It’s crazy here…What kind of $/sq ft are you guys seeing in your area?
Schiesse!Just sold in Huntington Beach for $541/sf and the new buyers gutted it. They had just sold their smaller (but nicer) HB home for about $770/sf.
WowIt’s crazy here…
https://www.realtor.com/realestateandhomes-search/Mill-Valley_CA/overview
ETA: for those who don’t want to click the link: $921/sqft median in Mill Valley CA. Glad I bought 17 years ago. Sheesh
650 at least in the San Fernando ValleyWhat kind of $/sq ft are you guys seeing in your area?
In the neighborhood, around $150. Three homes in the neighborhood sold in the past month. Most recent was 3500' for just over $500kWhat kind of $/sq ft are you guys seeing in your area?
Interesting article I came across on the declining affordability of housing. Lists the top 10 most affordable and top 10 least affordable counties in the country to live in, based on income. Oddest thing. The top 10 least affordable counties in the country to live in, as you would expect, are all in New York and California, except the one county in Tennessee we just sold our home in. I really don't get it.Bought our second home in one of the surrounding counties of Nashville in the suburbs a little over 2 years ago for 350. Just put up for sale and got an offer for 510 today. Crazy times
About the same here - bought my house at $85/sqft 5 years ago. Now probably 110. Not moving, so don't care and don't want the increased taxes. Top 2% high school in the US, so a good place to be. Housing is still crazy here - 30+ offers on houses as soon as they go up for sale, etc.In the neighborhood, around $150. Three homes in the neighborhood sold in the past month. Most recent was 3500' for just over $500k
I bought 5 years ago for $95. Decent houses, great schools but the cost of living here is cheap.
It’s crazy here…
https://www.realtor.com/realestateandhomes-search/Mill-Valley_CA/overview
ETA: for those who don’t want to click the link: $921/sqft median in Mill Valley CA. Glad I bought 17 years ago. Sheesh
10 least affordable counties in U.S.
Marin County, California (outside San Francisco), 81.4%
SF should be becoming much more affordable soon. I just saw an article that a poll of SF residents said 40% of them are planning on leaving in the next couple of years.
I am very bearish on a lot of large cities future real estate values while I think their surrounding areas will likely flourish.All of this. That's why we finally left after 25 years in SF and Marin. I got tired of renting, and even in Novato (one of the most "affordable" parts of the Bay Area) I just couldn't justify the costs even if I could afford it.
Even in the crazy market up here in Eugene we were able to get a place for $300/sf. Meanwhile the house we rented back in Novato sold in 6 days for $688/sf.
Are you referring to the homeless situation?Yah just went to dinner in SF this past weekend and it has really gotten bad. Really makes me worried where this state is headed.
Meh. When I lived there a whole lot of younger people really only were there for 3-5 years, then they moved on. Either to the burbs or to another state. Pretty common.SF should be becoming much more affordable soon. I just saw an article that a poll of SF residents said 40% of them are planning on leaving in the next couple of years.
I think those who leave California must have mixed feelings. The weather, natural beauty, museums, food, etc is top notch in much of California. On the other hand, I don't see people leaving Illinois and looking back.Meh. When I lived there a whole lot of younger people really only were there for 3-5 years, then they moved on. Either to the burbs or to another state. Pretty common.
That said, I could see why most people would be ecstatic to leave states like California and Illinois.
AmenI think those who leave California must have mixed feelings. The weather, natural beauty, museums, food, etc is top notch in much of California. On the other hand, I don't see people leaving Illinois and looking back.
My pasty new neighbors here in Tampa agree with you.I think those who leave California must have mixed feelings. The weather, natural beauty, museums, food, etc is top notch in much of California. On the other hand, I don't see people leaving Illinois and looking back.
It interesting to think about how climate change projections would make that whole area much more livable though. Illinois seems to have pretty high tax issues, but adjacent states not as much. I doubt anyone from CA or NY is bidding up these markets like is happening in a lot of places right now. Not a political comment, just an observation of where future opportunity could be...I think those who leave California must have mixed feelings. The weather, natural beauty, museums, food, etc is top notch in much of California. On the other hand, I don't see people leaving Illinois and looking back.
$1,000 to $1,200What kind of $/sq ft are you guys seeing in your area?
My wife and I are doing this in FL (not pocketing quite that much though). I think it depends on the rental (location, cost, stability, etc). If the rental situation is solid, go for it.I'm enjoying the dialog in this topic. what are your thoughts on this scenario?
we bought in the San Fernando Valley (Los Angeles) in 2015. desirable neighborhood, big lot, decent price. we can sell now and pocket probably $500k cash. my wife and I have been talking about selling, and renting for a few years. I don't think we're in a bubble necessarily, but I can see prices out here sliding down maybe 10-20% or so over the next few years. we could use the cash to pay off some small debts, invest the rest, and still have a good chunk when we're ready for our next downpayment.
if I thought this was our forever home, I probably wouldn't consider it, but with the current state of the city, I'm not so sure any more. and I don't think the prices are sustainable, so maybe strike while the iron is hot? of course, the risk is not being able to find a home that we like or is available when we're ready to buy again.
thoughts?
Climate change has me rethinking my life long dream of buying a 2nd home on the Oregon Coast. I've been here 26 years and love it, but the recent temps (we hit 116 on Monday - unheard of), dry springs, wildfires, poor air quality in late summer has me scared. Something is definitely changing here. And if we continue this trajectory, the coastal homes are at risk of sinking into the ground with rising levels of water around them. No thanks.It interesting to think about how climate change projections would make that whole area much more livable though. Illinois seems to have pretty high tax issues, but adjacent states not as much. I doubt anyone from CA or NY is bidding up these markets like is happening in a lot of places right now. Not a political comment, just an observation of where future opportunity could be...
Glad to hear your health seems to be improving, gb.having sex without first consulting with my doctor.
I’ve been thinking about this a lot now that we’re back in state, because my parents have a place at the coast. Their retirement plan includes selling it at some point, but I could buy in for a share instead and we could keep it. Only owning part would lower that financial risk somewhat, but it’s 20 yards from the beach and absolutely in the tsunami zone, let alone just the rising sea level.Climate change has me rethinking my life long dream of buying a 2nd home on the Oregon Coast. I've been here 26 years and love it, but the recent temps (we hit 116 on Monday - unheard of), dry springs, wildfires, poor air quality in late summer has me scared. Something is definitely changing here. And if we continue this trajectory, the coastal homes are at risk of sinking into the ground with rising levels of water around them. No thanks.
Plus, with 5 kids that was a stupid dream anyway. I'll be paying for colleges until I depart this planet, hopefully not via some sort of fiery end or tsunami but peacefully in my sleep or having sex without first consulting with my doctor.
Correct. Pretty much on every street. We parked just around the corner from the restaurant and I saw feces, needles, and a one guy passed out on the floor and another living in his car. My fiancee said maybe we don't need to eat in SF anymore.Are you referring to the homeless situation?
We took our kids to SF three years ago. Stayed in an AirBNB in our old ‘hood (Castro). First day there we were waiting to cross the street at a stoplight. Homeless guy walks up to us and says “hi family.......(creepy voice)......have a nice ####ing day!!!!” My kids were 9. Good times.Correct. Pretty much on every street. We parked just around the corner from the restaurant and I saw feces, needles, and a one guy passed out on the floor and another living in his car. My fiancee said maybe we don't need to eat in SF anymore.
General Malaise said:Climate change has me rethinking my life long dream of buying a 2nd home on the Oregon Coast. I've been here 26 years and love it, but the recent temps (we hit 116 on Monday - unheard of), dry springs, wildfires, poor air quality in late summer has me scared. Something is definitely changing here. And if we continue this trajectory, the coastal homes are at risk of sinking into the ground with rising levels of water around them. No thanks.
Plus, with 5 kids that was a stupid dream anyway. I'll be paying for colleges until I depart this planet, hopefully not via some sort of fiery end or tsunami but peacefully in my sleep or having sex without first consulting with my doctor.
is there anyway to just buy the water up there in order to be a part of the overall takeover plan?SFBayDuck said:I’ve been thinking about this a lot now that we’re back in state, because my parents have a place at the coast. Their retirement plan includes selling it at some point, but I could buy in for a share instead and we could keep it. Only owning part would lower that financial risk somewhat, but it’s 20 yards from the beach and absolutely in the tsunami zone, let alone just the rising sea level.
Idk man, seems the way things are going, used vehicles are about to be more expensive than houses soonDo it. You can get a really nice cargo van to live in for about 3k.
If I understand it correctly, the issue isn’t what the market bears, rather what the house appraises for. Cash buyer at that increase? I’m selling.Cedar Park, TX is absolutely insane right now. Bought for $265 in 2005. I’m told I could get $650K tomorrow.
My BIL sold his house a month or 2 ago. When the agent met the appraiser the latter said at the conclusion (paraphrasing) 'okay, everything looks good, this house is valued at X.' The agent retorted 'the sell price was > 10% above X.' To which the appraiser said 'sounds good then I'll appraise it above that.'If I understand it correctly, the issue isn’t what the market bears, rather what the house appraises for. Cash buyer at that increase? I’m selling.
Lol my zestimate goes up like 10 grand every time I look at it.Zillow at $621,800. Choo choo.
Right? Crazy down here in South CountyLol my zestimate goes up like 10 grand every time I look at it.
mine stupid zillow thing is up $90k in 3 months.Lol my zestimate goes up like 10 grand every time I look at it.
Just looked. 62k in the last 30 days.mine stupid zillow thing is up $90k in 3 months.
This is basically what’s happening in SoCal right now. The house I’m in escrow for appraised for $250.00 above my offer. I paid 10% over the inflated list price.My BIL sold his house a month or 2 ago. When the agent met the appraiser the latter said at the conclusion (paraphrasing) 'okay, everything looks good, this house is valued at X.' The agent retorted 'the sell price was > 10% above X.' To which the appraiser said 'sounds good then I'll appraise it above that.'If I understand it correctly, the issue isn’t what the market bears, rather what the house appraises for. Cash buyer at that increase? I’m selling.