Is there a housing bubble?

[AVXL]

IDK but we up. We bought our home in May 2017 and we’re easily up $100K 4 years later. Just looking at Zillow and what homes have sold for in the neighborhood we could sell right now and easily make $125-$150K (were right outside of Atlanta)

On the flip side in the SWATS (Southwest Atlanta) my Dad has a property that has stagnated in value and my grandparents property, which is also in the SWATS, has actually gone down in value recently but is in a hot neighborhood. So it’s not everywhere but it’s definitely a sellers market

 

[AVXL]

Closed on a new house a month ago. The market is fukking crazy although still okay in Atlanta. Just not a lot of inventory. shyt is ridiculous in places like Seattle and Denver tho.

We decided to keep our old house but could sell it right now for a nice little profit. The problem with most people wanting to sell for profit is that you need to find somewhere to live. And anywhere you want to move to is inflated as well.

What part of the city?

 

[Mr swag]

I'm waiting until next year

Man I just lost 3 houses. I’m about to take a break on this shyt for a while. The realtor called me back saying “they got an offer for 15k more, do you want to go up on that?”

hell nah, these 1500 sq ft homes out here getting snatched up

 

[Tom Foolery]

Like all things, it'll probably drop a little, but this may be the new normal. I do see a lot of new construction going on in all the cities that I've traveled so eventually supply will match demand.

Sorry, things won't go back in reverse.

 

[Neuromancer]

Like all things, it'll probably drop a little, but this may be the new normal. I do see a lot of new construction going on in all the cities that I've traveled so eventually supply will match demand.

Weird thing is at least here in NY a lot of developers have lost money because they can't get full occupancy on buildings they put up 4+ years ago.

 

[CBSwagga]

Weird thing is at least here in NY a lot of developers have lost money because they can't get full occupancy on buildings they put up 4+ years ago.

New York is in a weird position, in my opinion, because of its high cost and people generally not wanting to pay that rate anymore. It's been even more exacerbated with people dipping during quarantine due to the prices not reflecting the city being shut down. I'm not sure how some of the smaller upcoming areas (Charlotte, Jacksonville, Nashville, etc) are doing with occupancy.

 

[CBSwagga]

Sorry, things won't go back in reverse.

I never said that they would. I do believe they will come down a bit though as new opportunities arise. There isn't a larger demand for houses. People with money are buying up properties due to the low-interest rates being offered right now. With stuff like this, there'll always be a lot of investors who may have got a little too greedy or the uniformed newbs who need to release some properties quickly in a few years(think of em as bag holders) which will drop the prices just a bit.

 

[Tom Foolery]

I never said that they would. I do believe they will come down a bit though as new opportunities arise. There isn't a larger demand for houses. People with money are buying up properties due to the low-interest rates being offered right now. With stuff like this, there'll always be a lot of investors who may have got a little too greedy or the uniformed newbs who need to release some properties quickly in a few years(think of em as bag holders) which will drop the prices just a bit.

5 years from now, your face will be like

House prices won't go down. Too much corruption.

 

[Mr Hate Coffee]

What part of the city?

old house is off Howell mill. New house is near Northlake Mall

 

[CBSwagga]

5 years from now, your face will be like

House prices won't go down. Too much corruption.

Hopefully my money long enough to where I'll be one of the ones driving it up.

 

[beejus]

where are you moving to?

What's your address?

 

[BucciMane]

I have a few co-workers that have been outbid by significant amounts recently. One of them bid about $20,000 over asking, and then another person came in and offered $100,000 OVER that.,

 

[beejus]

I have a few co-workers that have been outbid by significant amounts recently. One of them bid about $20,000 over asking, and then another person came in and offered $100,000 OVER that.,

Pretty much standard for any major city on the west coast. Saw a house that my wife and I wanted to put an offer on but last minute we didn't. House went 300K over asking and the people who bought the house bought unseen from another state.

 

[BucciMane]

Pretty much standard for any major city on the west coast. Saw a house that my wife and I wanted to put an offer on but last minute we didn't. House went 300K over asking and the people who bought the house bought unseen from another state.

That's why I'm not buying right now. I'll keep investing my money and hopefully continue to generate great returns, versus spending 30% more than I need too on a house.

 

[keond]

old house is off Howell mill. New house is near Northlake Mall

Tucker and Midtown? Nice real estate for this market