Property Market is going WILD

[NkrumahWasRight Is Wrong]

He won. Sell your shyt

Lol and move where? I'd end up taking an L

1124 NW 55th St, Miami, FL 33127 | MLS #A11091987 | Zillow

That's probably the one he was looking at




he said his had some upgrades but damn...market is wild, indeed

290k for 650 ft in liberty city is completely insane

 

[hashmander]

they must plan on razing these houses in liberty city and building something better. historically black communities in miami have higher elevation in a now sinking city.

 

[GnauzBookOfRhymes]

why haven't the "housing is a human right" crowd been able to force change in this market during woke era? cause they're home owners/landlords too

BREH....BREHHHH WITHOUT fukkING FAIL THIS IS TRUE.

Even if they personally don't, they are in line to inherit from their families.

Most of the non profit/social justice movements nowadays are a straight up hustle or grift. They get big grants and use 50% of it for their salaries and subcontract all of the actual work to their friends. The funding organization gets the PR boost for supporting "___________ equity/justice," and the "activists" get paid to further policies that more often than not ensure that the problem continues.

 

[alybaba]

Just bid 150k above asking and pretty sure we’re not going to win. Sh!t’s crazy.

Update, we ended up winning with best + final $215k over asking and agreed to take $10k hit in repairs from inspection, letting owners stay for 45 days post-closing and appraisal can come in $275k below contract (we’re putting 35% down). Appraisal came in $85k below contract.

Closed in June, Zillow says it’s now worth 75k more than what we paid.

 

[NZA]

1221 S Wilson St, Tempe, AZ 85281 | MLS #5987673 | Zillow

$500k for this trap house and you are not allowed to look inside because the tenants dont want you to.

 

[Mister_DoItNice]

I’m glad I bought when I did. Got a new job and moved back to VA in February. I closed on my place that same month. I offered asking for my place and got it because my realtor knew the seller and they worked together previously. The house ended up appraising for $7k less than the price we agreed on and the seller decided to come down, after pushing our closing date a few days to think about it. Since I closed in February, Zillow is indicating that my house is worth $25k more. Pure insanity.

 

[88m3]

1221 S Wilson St, Tempe, AZ 85281 | MLS #5987673 | Zillow

$500k for this trap house and you are not allowed to look inside because the tenants dont want you to.

lol what's the zoning? Could you make condos or something?

I don't know the area at all obviously

 

[NZA]

lol what's the zoning? Could you make condos or something?

I don't know the area at all obviously

1221 S Wilson St, Tempe, AZ 85281 - Townhouse for Rent in Tempe, AZ | Apartments.com

i found the rental listing that shows more pictures inside...

very old ww2 era single family house only type of neighborhood near ASU. 3 bed, 2 bath with a very dubious looking single car garage addition. very tight neighborhood with very little space to do anything. i went to chipotle in that neighborhood and there were signs warning you that they will tow you if you try to park on the street.

area has tons of potential and some of the houses are fully done up and worth that price or more, but this one is terrible.

 

[Skooby]

This shyt is like red lining in disguise.

 

[FAH1223]

1221 S Wilson St, Tempe, AZ 85281 | MLS #5987673 | Zillow

$500k for this trap house and you are not allowed to look inside because the tenants dont want you to.

That's ridiculous. It was listed for over $250k just 2 years ago.

 

[FAH1223]

I’m glad I bought when I did. Got a new job and moved back to VA in February. I closed on my place that same month. I offered asking for my place and got it because my realtor knew the seller and they worked together previously. The house ended up appraising for $7k less than the price we agreed on and the seller decided to come down, after pushing our closing date a few days to think about it. Since I closed in February, Zillow is indicating that my house is worth $25k more. Pure insanity.

Did the recordation with the state and county take awhile?

We closed on June 30th here in MD and the recordation with the state and county still hasn't happened yet. Title company told us there's a backlog so just be patient.

 

[Mister_DoItNice]

Did the recordation with the state and county take awhile?

We closed on June 30th here in MD and the recordation with the state and county still hasn't happened yet. Title company told us there's a backlog so just be patient.

No, not in my case. It happened fairly quickly. Within a month or two.

 

[Wargames]

Has there been a discussion about how Zillow is manipulating the housing market?

 

[ahomeplateslugger]

Has there been a discussion about how Zillow is manipulating the housing market?

How is Zillow manipulating the housing market?

 

[greenvale]

How is Zillow manipulating the housing market?

Zillow Caught Up in TikTok Drama Over Big-Money Role in Housing

"The company doesn’t like to be called a home flipper, but that’s what the business boils down to. The company invites owners to seek an offer for their property, then uses its software to calculate a bid. If the owner accepts, Zillow buys the house, makes light repairs and puts it back on the market. The big idea is that selling a home is stressful, and that some consumers will pay Zillow to make the process less nerve-wracking.

Gotcher has a different take. In the hypothetical he lays out in the video, the company uses its cash to amass an inventory of 30 homes in a given neighborhood, all for one price: $300,000. Then the company buys an additional home for $340,000 in a bid to drive up the value of the first 30 homes."