#16
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Hey Karl, I am in Bird Rock. Been here for 23 years or so.
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#17
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We were going to put an offer in on a place that was listed at $585,000, but they had cash offers in excess of $800,000 so we didn't bother Houses are selling for so much that sellers are only accepting offers where the loan contingency has been removed because nobody will lend on houses selling for 30% over their (realistic) asking price.
There's just no way first time buyers with FHAs can compete with that. So we're just going to take a step back and maybe wait it out.. or rent for the rest of eternity |
#18
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I was in Bozeman just 3 weeks ago. I feel bad for what is coming their way. It seems like the farmers who own the massive parcels of land are calling it quits by selling to developers, which in turn are becoming generic subdivisions like what we are used to seeing in California.
Luckily for Bozeman, the winters are enough to keep a lot of people from moving there. |
#19
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Montana and Idaho are really popular now
Hope the locals can keep it from becoming "north LA" but it's tough to dam a tide. Pandemic put a big compression on everything. Buyers timetables, interest rates, home sales and remodelling, construction, etc, etc It's a peak, but home prices always see-saw, so things will slow. New construction and commercial construction bubbles will burst soon. |
#20
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is it a bubble?
bubbles pop. watch out.
__________________
Crust Malocchio, Turbo Creo |
#21
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Houses are really going up in price, but I am not fond of comparisons to some of the early months last year when sales were not as strong. It took a little while before things went crazy.
Jeff |
#22
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I wrote last year in a similar thread that we had sold a house in CT in 3 days for around 25% over ask in cash.
Spoke with the neighbor last week. Had his house on the market for 2 days and as we're texting back and forth (..."agent has 20 showings lined up for tomorrow!") he's getting offers 40% (!!!!) over ask. I think he too settled on an easy, all cash deal around 25% over. The downside is he's moving out of country to an even crazier market from what I understand. Crazy times. But good to be an agent in the right area with the right connections! |
#23
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Quote:
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#24
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Quote:
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#25
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Quote:
We (and many others) left Montreal in ‘84. I to the US and my mom to Toronto.......her office moved from Montreal to Toronto. Been back repeatedly to GTA and was always impressed with the amount of homes being built around GTA since ‘86. My mom worked part time as an agent for a home builder north of Toronto. Yes, prices have been going up for quite some time. By the way, some awesome bricklayers in GTA. |
#26
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damn, I heard there was a shortage on materials but wow, that is insane
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#27
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Gta?
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#28
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#29
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Quote:
At some point it will reach equilibrium again and hopefully we all learn from it. |
#30
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OT...
Quote:
Last edited by BobbyJones; 04-27-2021 at 05:24 PM. |
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