NZA
LOL
shootings are already increasing. i anticipate people crashing out crazy if they have to add homelessness on top of all the other problems they are dealing with
Property Market is going WILD
- Thread starter Professor Emeritus
- Start date
GnauzBookOfRhymes
Superstar
I sold half of my property holdings. I was going to sell everything but I just have this feeling that going forward, land/properties will be one of the few assets that will explode in value, especially as it is concentrated in fewer and fewer hands, and other asset classes become less predictable. Strange times are ahead.
The child care tax credit will help. Also the job market is pretty decent.
The child care tax credit will help. Also the job market is pretty decent.
There is no reprieve in sight, prices are running away. Less people are selling (around my way), the state eviction moratorium has been extended til sometime in 2022=less apartment inventory. The only thing that can cool home prices is a fed funds interest rate increase or a credit crunch.
King
The black man is always targeted.
They claim that the IRS will begin processing claims and defaulting on a lot of loans.
The housing market went from wild to straight comedy 
So, I saw this house back in 2018 for sale, loved the layout, rural house with plenty of acreage, already had my furnishing in mind and everything. House needed a lot of cosmetic work and a few big things, but nothing crazy. Sold before I could get my house in order (this was before shyt was selling in 2 days), came back on the market two times before the year was out because sales kept falling through. But, I missed out each time. Pissed me off so much I used to drive pass it a few times a year. Lo and behold it was back on the market this week
So, now I'm plotting, getting my preapproval in order an everything. Calling around for agents. It's priced a little high about $90K over what it sold at in late 2018. I know with this market is going to go quick. Literally, I call up the day it goes on Zillow and they've already scheduled showings ON THAT DAY.
Buyer agents tell me that they already have 2 offers over asking. So, I'm juggling numbers thinking if it'll work going over asking (and over what I wanted to pay).
Open house a day later (today), there's 7-8 cars outside as soon as the house is open! This old white woman had bought the house and in 2 1/2 years she hadn't done jack shyt to fix it up. All the old issues were there. Some of it was covered up (flooring fukked up in places), but since I knew what it looked like before I knew it was in the same or worse shape. She had dogs too and didn't even bother to clean the dog shyt out of the 3-car garage (she was using it like a kennel). The only thing she did was the roof and that's because a storm trashed it and she got an insurance claim. I'm looking around like, I don't care about what the market says, no way this house is work it.
I was kind of mad seeing something I wanted to buy neglected like that and back on the market 2 1/2 years later. Old bytch is probably going to walk away +$120K too by the time the bidding was is done.
fukk the free market, man somethings are just not worth it. I'd consider moving to a new city before I pay that much.
So, I saw this house back in 2018 for sale, loved the layout, rural house with plenty of acreage, already had my furnishing in mind and everything. House needed a lot of cosmetic work and a few big things, but nothing crazy. Sold before I could get my house in order (this was before shyt was selling in 2 days), came back on the market two times before the year was out because sales kept falling through. But, I missed out each time. Pissed me off so much I used to drive pass it a few times a year. Lo and behold it was back on the market this week
So, now I'm plotting, getting my preapproval in order an everything. Calling around for agents. It's priced a little high about $90K over what it sold at in late 2018. I know with this market is going to go quick. Literally, I call up the day it goes on Zillow and they've already scheduled showings ON THAT DAY.
Buyer agents tell me that they already have 2 offers over asking. So, I'm juggling numbers thinking if it'll work going over asking (and over what I wanted to pay).
Open house a day later (today), there's 7-8 cars outside as soon as the house is open! This old white woman had bought the house and in 2 1/2 years she hadn't done jack shyt to fix it up. All the old issues were there. Some of it was covered up (flooring fukked up in places), but since I knew what it looked like before I knew it was in the same or worse shape. She had dogs too and didn't even bother to clean the dog shyt out of the 3-car garage (she was using it like a kennel). The only thing she did was the roof and that's because a storm trashed it and she got an insurance claim. I'm looking around like
, I don't care about what the market says, no way this house is work it. I was kind of mad seeing something I wanted to buy neglected like that and back on the market 2 1/2 years later. Old bytch is probably going to walk away +$120K too by the time the bidding was is done.
fukk the free market, man somethings are just not worth it. I'd consider moving to a new city before I pay that much.
GnauzBookOfRhymes
Superstar
It's gone on long enough. Between the child tax credits + good job market + rental assistance etc. Not to mention a lot of small time landlords have been getting fukked. They didn't get PPP, the states have done a terrible job managing rental/mortgage assistance etc. A lot of ppl stopped paying rent just bc they knew there was a moratorium, even if they didn't lose jobs.
@AnonymityX1000 that's Nick Brana of the People's Party sleeping behind the Congresswomen
18 months of assistance for some of these locales. if you can get it
AnonymityX1000
Veteran
GnauzBookOfRhymes
Superstar
The last stimulus should've sent money directly to small landlords for the 18 months w/ income verification for tenants. Having the states handle it was the mistake. Feds have tax info on hand.
Where's AOC.
Joking, props to Brana, Pressley, Omar and all involved.
Yup. Unemployment should just be federalized too.
That would be a surprise. It seems like the US is committed to keeping as many homeowners in their homes these days.
FHA breh.
mortgage > rent since you can write off the interest and get equity.
An investment broker offered me 215k for my first house in McDonough at the beginning of June last month. Checked with Zillow Offers and they offered me 257k. I tell the first broker, I'm going with Zillow and they hit me back saying we'll give you 270k.
Closing next week
Did you end up going with Zillow?
If so, how did it go?