Is it me or are home prices in the toilet?

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brianmanahan

Lifer
Sep 2, 2006
24,430
5,861
136
i am looking for a house and a few acres for about 100$k. there are less good deals in this price range than there were 3-4 years ago, but some still show up every now and then. figure i should probably get something soon though.
 
May 16, 2000
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i am looking for a house and a few acres for about 100$k. there are less good deals in this price range than there were 3-4 years ago, but some still show up every now and then. figure i should probably get something soon though.

If you're not location locked most of the midwest will have plenty of those deals. In fact Wyoming and the Dakotah's will have even better.
 

brianmanahan

Lifer
Sep 2, 2006
24,430
5,861
136
If you're not location locked most of the midwest will have plenty of those deals. In fact Wyoming and the Dakotah's will have even better.

eh, im pretty much tied to cleveland area. i think i would like living somewhat south or out west some more, but in both directions the availability of software jobs seems to decrease significantly.
 

natto fire

Diamond Member
Jan 4, 2000
7,117
10
76
I hope some dumbass necro poster gets this thread locked in a few years, when the price to own has balooned again across the board when all the inventory is held by large investment firms and overpriced renting is the norm.

Even if I am wrong, the thread will be locked before any kind of discussion can ensue, so I can't lose!
 

Mixolydian

Lifer
Nov 7, 2011
14,566
91
86
gilramirez.net
I hope some dumbass necro poster gets this thread locked in a few years, when the price to own has balooned again across the board when all the inventory is held by large investment firms and overpriced renting is the norm.

Even if I am wrong, the thread will be locked before any kind of discussion can ensue, so I can't lose!

Jeez, someone's a Debbie-downer! :colbert:
 

brianmanahan

Lifer
Sep 2, 2006
24,430
5,861
136
I hope some dumbass necro poster gets this thread locked in a few years, when the price to own has balooned again across the board when all the inventory is held by large investment firms and overpriced renting is the norm.

Even if I am wrong, the thread will be locked before any kind of discussion can ensue, so I can't lose!

lol howdy, you should see a doctor about that depression
 

KK

Lifer
Jan 2, 2001
15,903
4
81
Looking for a toilet, need a 14" rough in one. Whats a good make? I see toto makes a universal fit toilet, but they seem more expensive.
 

EliteRetard

Diamond Member
Mar 6, 2006
6,490
1,021
136
Looking for a toilet, need a 14" rough in one. Whats a good make? I see toto makes a universal fit toilet, but they seem more expensive.

bucketlivestock-----friday-28th-january-a-day-of-live-performances-by-szacxuhs.jpg
 

natto fire

Diamond Member
Jan 4, 2000
7,117
10
76
Jeez, someone's a Debbie-downer! :colbert:

lol howdy, you should see a doctor about that depression

I really hope I am wrong, except about the necro that should be obviously true to any poster here who has even spent a few weeks in OT.

As far as the housing market, A few reputable journalistic enterprises seem to corroborate the possibility. At least history has never repeated itself, and there is no upcoming legislation to impact the value of homes. When would be the best time to lobby the repeal of that legislation, before or after investment firms buy up huge amounts of coastal property for pennies on the dollar?

I am definitely cynical, and I'd like to think we will eventually get tired of a government running at 50% efficiency, but I have seen a lot of evidence to the contrary lately.

I will happily eat crow if this whole thing blows over and a few media outlets are just being depressed debbie downers.
 

Vdubchaos

Lifer
Nov 11, 2009
10,408
10
0
4000 sq feet?

That's a WHOLE lot of house for 1 person to live in. You should be looking at houses 1/3rd or even 1/4th of that.....
 

xeemzor

Platinum Member
Mar 27, 2005
2,599
1
71
you would be correct

So many baby boomers are near retirement with little to no savings outside of equity. When they sell those houses to retire prices will come back back to reality.

Prices over 3x household income levels are just insane.
 

purbeast0

No Lifer
Sep 13, 2001
53,048
5,928
126
jesus christ $36/sqft lol that is cheaper than buying nice flooring.

my wife and i bought our first house last year for $418k. yesterday there was an open house for a house across the street and up 1 house that is being put on the market for $549k. after checking their house out, our house is actually much nicer on the inside and i really hope that house sells for the asking price. and no, i definitely wouldn't say house prices are in the toilet. prices have been on the rise the past year or so around here.
 

poofyhairguy

Lifer
Nov 20, 2005
14,612
318
126
Where I am home prices are skyrocketing. I bought a year ago and my area is up 8% on average since then. To give an idea I bought a mid-90s 2300ft home for $160.
 

Puppies04

Diamond Member
Apr 25, 2011
5,909
17
76
Doesn't $145k seem really low for a 4,000 sq ft house like that? Even if it needs $50k worth of work, I'm imaging that place totally remodeled and updated and it'd have to be worth more than $200k.

It probably would be worth more than $200K. You don't spend $145K on a house then spend $50K on it and expect to flip it for $5k profit........
 

Spungo

Diamond Member
Jul 22, 2012
3,217
2
81
Look at the year. Year Built: 1959. That means it probably has asbestos in the walls and floor. Any kind of floor or wall work would require a hazmat team. IIRC, asbestos was made illegal in the late 1970's. Do not buy a house older than 1980.

edit
4000 sq feet?

That's a WHOLE lot of house for 1 person to live in. You should be looking at houses 1/3rd or even 1/4th of that.....
Imagine a 4000 sq foot house with 1959 insulation. Your monthly energy costs will be around 9-10 billion dollars.
 
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Capt Caveman

Lifer
Jan 30, 2005
34,543
651
126
Imagine a 4000 sq foot house with 1959 insulation. Your monthly energy costs will be around 9-10 billion dollars.

Asbestos may kill you if you inhale it but it's very good as an insulation. Windows would be the issue when it comes to energy loss.
 

Vdubchaos

Lifer
Nov 11, 2009
10,408
10
0
Asbestos may kill you if you inhale it but it's very good as an insulation. Windows would be the issue when it comes to energy loss.

Doesn't really matter,it will cost a lot to keep it heated/cooled etc.

That's a HUGE house and most likely an overkill for OP.....bigger is NOT always better.
 

vi edit

Elite Member
Super Moderator
Oct 28, 1999
62,483
8,344
126
That place needs *A LOT* of renovation. If you do not have an excess of disposable cash you are looking at years of tinkering away room by room to remodel.

There's a reason it's dropped $50k recently and not in line with others in the area. People walk in, see just how out of date it is and walk out.