Property Market is going WILD

Geek Nasty

Brain Knowledgeably Whizzy
Supporter
Joined
Jan 30, 2015
Messages
30,858
Reputation
4,959
Daps
116,281
Reppin
South Kakalaka
I'm watching KC region land prices, I'd guess 1/2 of lots are dropping prices and on the rest the sellers are just sitting on their original asking price sometimes over a year. Not much in my list is selling. Or they play the game of relisting at a lower price. Or pending sales fall through. The ones I do see selling are much more reasonable prices; $10-20K an acre.

Look at this lot :mjlol: Lots of it in a flood plain they originally listed at $885K pre COVID then went up to $1.1M during C19, then way down to $430K then up to $500K now back down to $440K
 

Swirv

Superstar
Supporter
Joined
Jul 1, 2012
Messages
17,160
Reputation
2,901
Daps
54,047
I'm watching KC region land prices, I'd guess 1/2 of lots are dropping prices and on the rest the sellers are just sitting on their original asking price sometimes over a year. Not much in my list is selling. Or they play the game of relisting at a lower price. Or pending sales fall through. The ones I do see selling are much more reasonable prices; $10-20K an acre.

Look at this lot :mjlol: Lots of it in a flood plain they originally listed at $885K pre COVID then went up to $1.1M during C19, then way down to $430K then up to $500K now back down to $440K
Some of these sellers don't know what the hell they're doing. I'm dealing with a guy who built a home with a basement in an area that has a high water table. Contractors begged him to put the house on a slab, now the dam basement has water going up to the top basement steps. Dude is trying to sell the house for top dollar and had the nerve to lie to me about why water is in the basement. To make things worse, there is no electrical service where the home is so they use a generator for energy smh.
 

mastermind

Rest In Power Kobe
Joined
May 1, 2012
Messages
63,189
Reputation
6,187
Daps
167,386
Some of these sellers don't know what the hell they're doing. I'm dealing with a guy who built a home with a basement in an area that has a high water table. Contractors begged him to put the house on a slab, now the dam basement has water going up to the top basement steps. Dude is trying to sell the house for top dollar and had the nerve to lie to me about why water is in the basement. To make things worse, there is no electrical service where the home is so they use a generator for energy smh.
What in the fukk? Where is this?
 
  • Haha
Reactions: NZA

FaTaL

Veteran
Joined
May 2, 2012
Messages
102,690
Reputation
5,061
Daps
205,002
Reppin
NULL
Some of these sellers don't know what the hell they're doing. I'm dealing with a guy who built a home with a basement in an area that has a high water table. Contractors begged him to put the house on a slab, now the dam basement has water going up to the top basement steps. Dude is trying to sell the house for top dollar and had the nerve to lie to me about why water is in the basement. To make things worse, there is no electrical service where the home is so they use a generator for energy smh.
hes should of at least pumped the water out before showing the house
 

FAH1223

Go Wizards, Go Terps, Go Packers!
Staff member
Supporter
Joined
May 16, 2012
Messages
73,685
Reputation
8,522
Daps
221,928
Reppin
WASHINGTON, DC
We had bad storms here in the DC/MD area including tornadoes in July

So many neighbors are getting new roofs and insurance is covering :wow:

Getting a free inspection on mine tomorrow.
 

FaTaL

Veteran
Joined
May 2, 2012
Messages
102,690
Reputation
5,061
Daps
205,002
Reppin
NULL
We had bad storms here in the DC/MD area including tornadoes in July

So many neighbors are getting new roofs and insurance is covering :wow:

Getting a free inspection on mine tomorrow.
so your getting a solar roof?
 

Domingo Halliburton

Handmade in USA
Joined
May 8, 2012
Messages
12,616
Reputation
1,370
Daps
15,451
Reppin
Brooklyn Without Limits
Higher interest rates are sucking liquidity out of these banks. There's not going to be the free wheeling lending we've seen for the last few years. Thing is homeowners are strong. There's a lot of solid homeowners.
 
Last edited:

JLova

Veteran
Supporter
Joined
May 6, 2012
Messages
59,040
Reputation
4,362
Daps
178,055
The Fed is killing us in Canada. Got damn they keep raising rates. From 0 to 3.25% with more to come. Home prices are really falling because our central bank is incapable of not following what the Fed does.
 
Top