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mizzou

Diamond Member
Jan 2, 2008
9,734
54
91
My 157k house is now selling for 100k not due to the market but due to all the asses around me not maintaining their property.

This freaking sucks, i hopefully can sell for 30k more as i may be the only house move in ready!

These as is only homes really bite the neiguborhood. Oh well, if i do.move to a better payimg job it wont take long to recoup my losses

Fuuuuuuuuuuuu!!!! Time to get out of tye ghetto i guess
 
Gibson486

Gibson486

Lifer
Aug 9, 2000
18,378
1
0
Meanwhile...I was condo shopping...first place my gf pulls up...

360K for a 350 sq ft condo... :(
 
BoomerD

BoomerD

No Lifer
Feb 26, 2006
63,596
11,905
136
Profanity is forbidden in thread titles...:p

If you don't think the down market is probably as much a factor as the neighborhood...you might be a redneck. :biggrin:
 
M

mizzou

Diamond Member
Jan 2, 2008
9,734
54
91
Patranus said:
Say it with me: Location Location Location
Click to expand...

Yeup, its kicking my ass, location was fine, but went downhill fast. Im thinking about selling it to my bro in law at a loss so i dont have to mess with realtor commision
 
M

mizzou

Diamond Member
Jan 2, 2008
9,734
54
91
You know, i may just continue paying the damn mortgage while living in an apt at new job since pay will be almost twuce as good, that would relieve some pressure of having to sell immediately
 
schneiderguy

schneiderguy

Lifer
Jun 26, 2006
10,769
52
91
Burn the offending homes to the ground. Scorched earth > ghetto houses, for property value purposes.
 
SpatiallyAware

SpatiallyAware

Lifer
Sep 7, 2009
12,960
3
0
I'm in a similar situation; when I bought my house the neighborhood and area was fantastic. It went downhill over a ~5 year period, although not nearly as bad as yours.


Personally, I didn't even try to sell it based on my neighbor who has had their house on the market for 12 months+.. I found some good renters, and after taxes the house is only costing me about $100 a month
 
KMFJD

KMFJD

Lifer
Aug 11, 2005
29,905
44,679
136
Do people really buy/sell houses a lot in the US? How long do people keep a house before they relocate? Around here it's about 2 in a lifetime...
 
H

hiromizu

Diamond Member
Jul 6, 2007
3,405
1
0
Don't worry mang if the value drops you can simply opt out with absolutely no personal losses. That's the way it works in the US.
 
M

Matthiasa

Diamond Member
May 4, 2009
5,755
23
81
KMFJD said:
Do people really buy/sell houses a lot in the US? How long do people keep a house before they relocate? Around here it's about 2 in a lifetime...
Click to expand...

Unlike in most countries getting a new or better job often places people 100's of miles from where they were living.
Also when getting new jobs incomes usually go up enough to justify it. :p
 
M

mizzou

Diamond Member
Jan 2, 2008
9,734
54
91
KMFJD said:
Do people really buy/sell houses a lot in the US? How long do people keep a house before they relocate? Around here it's about 2 in a lifetime...
Click to expand...

I'm expecting to get a job and relocate because of that, so i'm mentally and financially preparing for a move

otherwise I would stay put until retirement

My new job COULD require constantly moving around, so it's renting from now on. I may buy a cabin though to have some sort of stable place to relax :)
 
P

paulney

Diamond Member
Sep 24, 2003
6,912
1
0
Developers Developers Developers
Developers Developers Developers
Developers Developers Developers
Developers Developers Developers

*rage*
 
alkemyst

alkemyst

No Lifer
Feb 13, 2001
83,967
19
81
mizzou said:
My 157k house is now selling for 100k not due to the market but due to all the asses around me not maintaining their property.

This freaking sucks, i hopefully can sell for 30k more as i may be the only house move in ready!

These as is only homes really bite the neiguborhood. Oh well, if i do.move to a better payimg job it wont take long to recoup my losses

Fuuuuuuuuuuuu!!!! Time to get out of tye ghetto i guess
Click to expand...

My $265k house just bought 2 years ago just assessed for $96k.
 
nerp

nerp

Diamond Member
Dec 31, 2005
9,866
105
106
I bought a foreclosure for $75,000 and put $25,000 down in February. Fixed it up with my contractor brother and the assessed value is about $125,000 in an "up and coming" area. I don't plan on moving out of this neighborhood for at least another 5 years so I figure I'm in good position.

Yay for me, I guess.
 
S

Sluggo

Lifer
Jun 12, 2000
15,488
5
81
mizzou said:
My 157k house is now selling for 100k not due to the market but due to all the asses around me not maintaining their property.
Click to expand...



Yeah, but HOAs suck because its just a bunch of fucking geezers with too much time in their hands telling people to mow their lawns, weed the gardens and paint the trim.

It has to be true since I have read it in the forums here 1000 times.
 
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