The housing market

Great time to sell. Terrible time to buy. I sold my house on an expensive piece of land last summer, and we're renting a townhouse in the meantime.

OETKB said:

Great time to sell. Terrible time to buy. I sold my house on an expensive piece of land last summer, and we're renting a townhouse in the meantime.

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If someone were trying to upgrade or, they were a new home buyer, absolutely wait.

Troponin said:

If someone were trying to upgrade or, they were a new home buyer, absolutely wait.

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I'm about to just say **** the house shopping & scratch my itch for another fast toy.

I barely moved in 2015, my house is through the ****ing roof already. Neighbors are selling like crazy, and making stupid money. I am thinking about selling already. Can't be greedy and have to time shit right.

Real estate guys ....what do do you think about this market , do you think it will continue to move up? Economy seems like we are BOOMING. I can barely keep up with the damn business. I don't think this housing market is an issue because the bankers puckered up big time after the last crash. I really do think it's gonna go up more !

jeffh81 said:

In the area Im watching Willis,Tx the same house has been sitting for 6 months and has been dropping in price to the point my wife and i are going to look at it.

Where im at now Galveston,tx we have seen such an expansion the city had to pass an ordinance to stop building. My rent is more than im looking at payinf for a mortgage

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I have a 1 acre lot for sale in Willis that has been on the market well over a year, ever since the downturn in oil values in that area have depressed. I have two houses down in League City that keep climbing in value though, 1 is a rental that brings in twice the mortgage. Houston is weird like that.

****!



I've been "putting off" buying a house now for like 2 years. I'm at the point where my actual want is about to surpass my laziness. However, not only this post but friends saying things as well, now I'm questioning if I really should. I can easily put down 20% on a 200-300K house, but then in 6 months it could be worth 150-225K.

Kevins89notch said:

****!



I've been "putting off" buying a house now for like 2 years. I'm at the point where my actual want is about to surpass my laziness. However, not only this post but friends saying things as well, now I'm questioning if I really should. I can easily put down 20% on a 200-300K house, but then in 6 months it could be worth 150-225K.

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I bought at $500K house in 2006 that was in a prime location that I'd watched for 25 years. Then our market in NC peaked in 2007. Then the great recession of 2008. I was self employed and managed to make payments, but by 2017 it had only appreciated 100K in 11 years. I dumped it while the market was hot, because during the recession you couldn't give away these expensive houses.

What goes up must come down.

Kevins89notch said:

****!



I've been "putting off" buying a house now for like 2 years. I'm at the point where my actual want is about to surpass my laziness. However, not only this post but friends saying things as well, now I'm questioning if I really should. I can easily put down 20% on a 200-300K house, but then in 6 months it could be worth 150-225K.

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At this point, the longer you wait, the higher it is going to go.

OETKB said:

I bought at $500K house in 2006 that was in a prime location that I'd watched for 25 years. Then our market in NC peaked in 2007. Then the great recession of 2008. I was self employed and managed to make payments, but by 2017 it had only appreciated 100K in 11 years. I dumped it while the market was hot, because during the recession you couldn't give away these expensive houses.

What goes up must come down.

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you are talking about the obummer admin. Now we are under TRUMP =)

nxhappy said:

At this point, the longer you wait, the higher it is going to go.

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nxhappy said:

you are talking about the obummer admin. Now we are under TRUMP =)

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Once you’ve been in a bubble that burst, you venture in only cautiously. My sister and her husband had to bid till they finally “won” a house more than a decade ago outside DC.

They are still buried.

OETKB said:

Once you’ve been in a bubble that burst, you venture in only cautiously. My sister and her husband had to bid till they finally “won” a house more than a decade ago outside DC. They are still buried.

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housing is just like any other market. You have to know when to buy and when to sell. Right now I would SELL. And I am thinking about it for sure. There is huge difference between 2009 and now. The difference is, banks have been STRINGENT on house loans. Back in the day they were handing them out like candy. After the crash, they started probing people before handing out money. That is why I think we are safe from another bubble. They say the housing market goes in 12 YEAR cycles. Like I said, I think our market is strong right now.

Housing market is high because of good jobs and and high stock market. The 08 crash happened because of high stocks and easy loans. The market will fall it just remains to be seen how much.

Will it be like 87 or 08?

I’m looking for another rental property in Colorado Springs, but the market is still too hot to buy, and I can’t locate deals while sitting on my unhappy ass in Italy. I just ran through all the financial statements of the properties we do own and was alarmed at the true (lack of) cash flow. My wife keeps excellent records, but on Word, not Excel which is only useful to the tax guy (after he does a shitload of calculating).

For those of you thinking of selling, protect yourselves from capital gains tax and reinvest in a better home.

We bought last May and sold the old house in July. Listed on a Thursday @ 5 pm and had 6 serious offers to look through after my realtor threw out the garbage offers by the next day. Accepted an offer for $21k over asking on Saturday. My realtor did a great job of finding comps that made my house look even better than it was so the appraiser approved the amount.

We plan on being in the house for at least 7 years so I'm not too worried about what the market does in the next 2 or 3.

ON D BIT said:

The 08 crash happened because of high stocks and easy loans.

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exactly. no such thing thing nowadays. Their butts puckered and they got smart. trying to get a house in 09 was like trying to **** brittany spears with $1 cash in hand.

I don't think a crash is coming any time soon. Trump knows what they **** he is doing. Market is pretty solid.

ON D BIT said:

Housing market is high because of good jobs and and high stock market. The 08 crash happened because of high stocks and easy loans. The market will fall it just remains to be seen how much.

Will it be like 87 or 08?

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nxhappy said:

At this point, the longer you wait, the higher it is going to go.

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...and this is what I deal with anytime I mention wanting a house. 50% say I'm an idiot for waiting another day, the the other 50% say I'm an idiot if I buy now.

Buying a home is no longer a good investment like it was 25+ years ago. Mortgage and rent are about the same cost today however when you factor in repair costs in some cases renting can make more sense especially when housing is at al all-time high. Those of us who bought in 06-07 before the burst know this well. I paid $325k for my home back in 07. 2600sqf on 5.38 acres about 30 miles west of Richmond VA. Just this year the market has come back where I can get slightly more than I paid for it. Replacing however wouldn’t be a smart move as the market will correct soon as the prices have gotten so high the average person can not afford a home or they become home poor and don’t have spendable cash. Either way buying a home in today’s world is for sure a risk.


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Finally bought a house this past year. The market in S. FL is ridiculous. I ended up going a tad over asking price for it but completely worth it. The seller put it up below market and we bid it up. Townhouses and some other properties have gone within a day of being on the market and usually a cash offer.

If I have to move again ill keep the house as a rental since I would want to move back someday.

My wife and I made a tentative agreement with my parents to buy their house. I’m now re-considering. We made a deal and agreed on 550 they are probably leaving 50k or so on the table. However the neighborhood in the last year has seen 4 home built and sold for 800-1mill. Their property tax assessment has now eclipsed the 10k a year mark. I’m really rethinking things.


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jpro said:

I think the market is going to adjust...it has to. Prices are out of control. We bought a house in Wisconsin three years ago and sold it a few months ago for $5k over our asking price. We made out like bandits after only 3 years. Did I mention it was on the market for 1 day? And it was around the holidays too! In a cold climate!

Now we are in Vegas and are locked into a rental home in Green Valley/Henderson until January of next year. I'm thinking of renting instead of buying here. Craftsmanship is garbage, houses are close together, etc. I'm taking a "wait and see" approach. We're not blue collar though, so we have that advantage. We don't have to move a family of 4 into a 1 bedroom apt. (thank God).

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Yeah I was never impressed with the craftsmanship or close proximity of the homes here. I bought in 2011 only because I wanted a garage for the Shelby I wanted to buy. How's that for priorities? I lucked out with the purchase since I paid 199k and could get at least 350k now. I still have 3 years to go in Vegas before I leave for good. However the day I can get 400k for it regardless of how much time I have left here I'm selling it.