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SVTPerformance's Chain of Restaurants
Road Side Pub
Interesting Covid Side Effect
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<blockquote data-quote="Blown 89" data-source="post: 16619150" data-attributes="member: 45161"><p>**** two houses, I can't afford one home at this point in AZ. This is nuts. A friend of mine just lost out on a $500k house because someone offered $150k cash over list. House flippers and developers are the worst thing to happen to the housing market.</p><p></p><p>I've had my eye on a house around the corner from my dad for 15 years. The owner was very old so I knew it was coming up for sale at some point. Two days ago a for sale sign went up with a sold plackard already on it. It never even went up for sale. There's an underground housing network here in Phoenix where developers and flippers get first crack at homes before they are even listed. They buy reasonably priced homes for the lots then build multi-million dollar mansions that barely fit on the lots thus driving the comps through the roof. The average home price in Phoenix metro 6.4x the city's average dual family income. This housing market is worse than in 06.</p></blockquote><p></p>
[QUOTE="Blown 89, post: 16619150, member: 45161"] **** two houses, I can't afford one home at this point in AZ. This is nuts. A friend of mine just lost out on a $500k house because someone offered $150k cash over list. House flippers and developers are the worst thing to happen to the housing market. I've had my eye on a house around the corner from my dad for 15 years. The owner was very old so I knew it was coming up for sale at some point. Two days ago a for sale sign went up with a sold plackard already on it. It never even went up for sale. There's an underground housing network here in Phoenix where developers and flippers get first crack at homes before they are even listed. They buy reasonably priced homes for the lots then build multi-million dollar mansions that barely fit on the lots thus driving the comps through the roof. The average home price in Phoenix metro 6.4x the city's average dual family income. This housing market is worse than in 06. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Interesting Covid Side Effect
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