"Neil drives a beetle and a fancy beetle" (1500sand535)
03/24/2020 at 20:48 • Filed to: None
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"Neil drives a beetle and a fancy beetle" (1500sand535)
03/24/2020 at 20:48 • Filed to: None | 3
| 10 |
2 years ago we bought our house and a couple months later aN abandoned house two doors down was purchased from some sort of auction. Whoever bought it gutted it, put down new sod and fixed the fence , basically tore the garage down to the frame and rebuilt it, new roof, etc . And now after all that work- they listed it today. I have to imagine if they had gotten to market 1 month earlier they would have had a much easier sell on their hands. Either way they’re asking 10% more than we paid 2 years ago for a slightly smaller house so I’m sure they’ll turn a profit .
All in all it looks pretty good now...
Anyw ay I’m excited for new neighbors. And glad that we don’t live two doors down from an abandoned house anymore.
Deal Killer - Powered by Focus
> Neil drives a beetle and a fancy beetle
03/24/2020 at 21:09 |
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From my perspective, those that can still afford a decent, higher priced home, are still employed and are taking advantage of the historically low interest rates. If anything, housing inventory will shrink further, as people are unwilling to risk listing their homes and having strangers walk thru their homes.
DipodomysDeserti
> Neil drives a beetle and a fancy beetle
03/24/2020 at 21:18 |
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Four of five houses have sold on my street over the l ast couple years. The one next door to me sold last month for more than any of them. I bought in 2009 at the bottom of the market. This one sold for. little over 300% what I bought mine for. About the same size as mine, but with a larger backyard and a pool. They did some minor remodeling, but not much.
ranwhenparked
> Deal Killer - Powered by Focus
03/24/2020 at 21:38 |
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Its weird, last week I had a guy sitting in my office wanting info on a home equity loan to redo his bathrooms, I was just kind of thinking, buddy, when all this is over, you'll be grateful to even have indoor plumbing.
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Deal Killer - Powered by Focus
> ranwhenparked
03/24/2020 at 21:55 |
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That’s kind of the way I’m feeling right now as well. Of the five, yes five, houses I walked through today, all refi’s by the way, three of them were at the top 10% or more for property values in their market. People are not taking this pandemic
as seriously as they should.
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ranwhenparked
> Deal Killer - Powered by Focus
03/24/2020 at 22:02 |
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I think a lot of people are in total denial about how devastating the economic damage is going to be. This is going to make 1929 look like 1987.
For Sweden
> Neil drives a beetle and a fancy beetle
03/24/2020 at 22:20 |
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This is the same dynamic that makes me wonder why any landlord would evict a tenant on April 1. D o you want to try finding a new tenant in a pandemic?
Thomas Donohue
> For Sweden
03/24/2020 at 22:33 |
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Alternate take: Do you want someone living in your apartment rent-free, knowing that they won’t get kicked out, and possibly causing damage (or more damage) that would only delay you getting the place ready for the next tenant, whenever that may be?
If you haven’t been getting any rent, and the government is about to ensure you aren’t getting any more from your tenant in the foreseeable future, why on earth would you let them stay?
(I realize that many people are losing jobs and income right now, but my point is that if you were up for eviction on April 1, the pandemic had nothing to do with it. For those that were previously decent tenants, and run into hard times in the next two months, well, I hope their landlords can let them ride it out.)
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For Sweden
> Thomas Donohue
03/24/2020 at 22:45 |
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I’d extend an interest-free loan; the loss to inflation is almost certainly less than the cost to find a new ten ant in this environment.
Dr. Zoidberg - RIP Oppo
> Neil drives a beetle and a fancy beetle
03/24/2020 at 22:48 |
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Kitchens that skimp on a proper quantity of upper cabinets are perfect for people that order pizza 7 nights a week.
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Neil drives a beetle and a fancy beetle
> Deal Killer - Powered by Focus
03/25/2020 at 09:32 |
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Should have noted, this is pretty affordable housing where we are .