Property Market is going WILD

[FAH1223]

My area has exploded AGAIN. Maybe people trying to beat the interest rate hike

That’s what it is

Rates going up

 

[Geek Nasty]

This is the kind of countryhouse in my area I see that keeps "selling" and showing back up on the market. https://www.realtor.com/realestateandhomes-detail/279-E-2300th-Rd_Edgerton_KS_66021_M83338-91495. On paper this is a better deal than most ranches around here because it looks renovated. Says its been on the market 22 days but that's bullshyt. If you look at the history, it's been on the market a year and a half now.

I think all those "Listing Removed" are sales that fell through.

 

[Geek Nasty]

This is the kind of countryhouse in my area I see that keeps "selling" and showing back up on the market. https://www.realtor.com/realestateandhomes-detail/279-E-2300th-Rd_Edgerton_KS_66021_M83338-91495. On paper this is a better deal than most ranches around here because it looks renovated. Says its been on the market 22 days but that's bullshyt. If you look at the history, it's been on the market a year and a half now.

I think all those "Listing Removed" are sales that fell through.

Listing removed again

 

[greenvale]

I’m out of the loop but is the government gonna do anything about this? I make decent money yet consistently getting outbid by like 50k or people waiving inspections. I don’t want to rent anymore since landlords out here price gouging

 

[rightfultoefinger]

I gave up on trying to purchasing an investment property where I live since I keep getting outbid by multiple hundreds of K. Instead, I'm almost mortgage free now. At least my place is worth 3x what I paid in 2011 but really wish I got an investment property before the pandemic hit. Houses almost have doubled in value and rent has basically gone up 50%.

 

[JavariesBrown]

I’m out of the loop but is the government gonna do anything about this? I make decent money yet consistently getting outbid by like 50k or people waiving inspections. I don’t want to rent anymore since landlords out here price gouging

Exactly fukk landlords these mfs charging $1,700-2,400 per month for rent in my area that’s majority blue collars and most of the jobs pay $15-$20 an hour. Govt needs to start taking houses from these cac gentrifiers.

 

[JavariesBrown]

I gave up on trying to purchasing an investment property where I live since I keep getting outbid by multiple hundreds of K. Instead, I'm almost mortgage free now. At least my place is worth 3x what I paid in 2011 but really wish I got an investment property before the pandemic hit. Houses almost have doubled in value and rent has basically gone up 50%.

Cacs are making things impossible for working class people

 

[Wild self]

Cacs are making things impossible for working class people

Some People want to keep people BROKE for eternity. No owning property or nothing.

There's always a bubble and it always bursts the worst when people get too greedy.

 

[Wild self]

Exactly fukk landlords these mfs charging $1,700-2,400 per month for rent in my area that’s majority blue collars and most of the jobs pay $15-$20 an hour. Govt needs to start taking houses from these cac gentrifiers.

$2400 in which state?

 

[JavariesBrown]

$2400 in which state?

California but it’s taking place in the areas with a high blue collar population idk how new flooring and a backsplash can justify increasing rent so high

 

[Wild self]

California but it’s taking place in the areas with a high blue collar population idk how new flooring and a backsplash can justify increasing rent so high

Landlords just want infinite money, and want to call out in the (controlled) pandemic world

 

[JavariesBrown]

Some People want to keep people BROKE for eternity. No owning property or nothing.

There's always a bubble and it always bursts the worst when people get too greedy.

Lol no look at how it’s going rn I don’t think there’s a bubble. People still live in SF despite how unaffordable it it. Pretty much every metro area in the US is seeing 10% or more increases in house prices. They need to start building more housing to keep up with demand. LA is shytty for much it costs to live there.

 

[JavariesBrown]

Landlords just want infinite money, and want to call out in the (controlled) pandemic world

Thank god California has rent control otherwise these faggit ass landlords would push it even higher.

 

[Payday23]

https://www.nasdaq.com/articles/foreclosures-are-up-700.-is-this-a-red-flag-for-the-housing-market

Foreclosures Are Up 700%. Is This a Red Flag for the Housing Market?

 

[phcitywarrior]

I gotta cop in the next 18-24 months max. It’s getting spooky out there.