What do you see housing prices doing?

[CosmicCowboy]

Housing prices (and taxes) are going up like crazy here in SA...I just got a flyer on a new listing in a subdivision next to my house...these are 60's era houses a little less than 3000 feet...asking price is $280,000. wow. It's a nice well maintained neighborhood with low turnover but still seems really high. I personally don't think this is going to last. Texas may be an exception but on a national basis I see housing prices falling drastically as baby boomers homes become available through death or downsizing to managed care and glut the market. There simply aren't enough credit worthy individuals following this generation to absorb all this housing at these inflated prices. I am personally not counting on cashing out the current "value" of my home as part of my retirement planning.

[boutons_deux]

"There simply aren't enough credit worthy individuals following this generation"

For the last 20 years, that generation has been screwed out of higher education, or is leaving school with poor job prospects and avg $30K in college loan debt, killing any hope of landing a mortgage.

btw, the Bexar County Tax people blame their huge increase in property taxes on Repugs in Austin, who wrote a law that FORCES property taxes up. Thanks, Repugs!

on zillow, what are the appraisal values for houses near the one you cite?

[Blake]

Lol op being subtle

[CosmicCowboy]

Lol op being subtle

It was a serious question. That $280,000 50 year old house is a two story 4 bedroom and 2 bath. Nothing particularly special. A house note at current CHEAP interest rates would be $2500 a month on a 30 year note. Those low interest rates are already in jeopardy of going up. To qualify for a $2500 house payment with good credit would require an annual income of $100,000. There just aren't enough qualified buyers coming up to suck up all these houses that are about to become available.

[Blake]

I know what you mean. I'm not sure how my butler can afford a house on his $60k salary

[vy65]

Housing prices (and taxes) are going up like crazy here in SA...I just got a flyer on a new listing in a subdivision next to my house...these are 60's era houses a little less than 3000 feet...asking price is $280,000. wow. It's a nice well maintained neighborhood with low turnover but still seems really high. I personally don't think this is going to last. Texas may be an exception but on a national basis I see housing prices falling drastically as baby boomers homes become available through death or downsizing to managed care and glut the market. There simply aren't enough credit worthy individuals following this generation to absorb all this housing at these inflated prices. I am personally not counting on cashing out the current "value" of my home as part of my retirement planning.

It'll always be a function of location: there are neighborhoods in Houston where the same type of house has a list price around $600,000.

While the baby-boomers are (rightfully) dying off, the economic/population explosion in Texas will likely result in demand outpacing inventory for the foreseeable future.

[pgardn]

It was a serious question. That $280,000 50 year old house is a two story 4 bedroom and 2 bath. Nothing particularly special. A house note at current CHEAP interest rates would be $2500 a month on a 30 year note. Those low interest rates are already in jeopardy of going up. To qualify for a $2500 house payment with good credit would require an annual income of $100,000. There just aren't enough qualified buyers coming up to suck up all these houses that are about to become available.

Alamo Heights in SA has gone thru numerous cycles without serious degradation in value.
Location.

[Spurminator]

I don't know how long it will last, but we're about to flip our house for a 40% increase after three years, and we haven't done anything to it. Of course we'll have to use that as a down payment on our next house which will probably crash in value, but better that one than the current one.

[TheSanityAnnex]

I don't know how long it will last, but we're about to flip our house for a 40% increase after three years, and we haven't done anything to it. Of course we'll have to use that as a down payment on our next house which will probably crash in value, but better that one than the current one.

Kinda in the same boat as you out here in San Diego. Bought a bank owned house with my brother about 5 years ago for 320,000---bought him out of it for 50,000 a few months ago and he bought his own. Just checked Zillow and they estimate it at 478,000 and that isn't including the remodel I did 6 months ago(tile floors throughout, fully remodeled kitchen, interior/exterior paint, baseboards/moldings, 90% waterless front/backyard) so I'm guessing at least another 50,000-70,000 from that. It hasn't stopped gaining value since I got it and I'm thinking it's about to peak. Last bubble it peaked at 700,000 so I'm torn about selling now and buying another to fix up or sitting put. North San Diego market has been one of the strongest around.

Any prudent spurstalk advice? :lol

[ElNono]

$280K sounds cheap compared to these here places...

[Sportcamper]

Burbank CA…Nice city to live in…They have their own police and fire departments…Low crime, eateries open 24/7…Lots of old money & Motion Picture revenue…In 2009 a 70 to 80 year old home, 2 bed 1 & ½ bath 1000 square feet would sell in the middle 400,000’s…Now they are going for 700,000 to 800,000 and even above…Many sales are for cash, many sales are made by companies that refurbish & rent…Total insanity IMO…With so many high paying jobs leaving the state and Baby Boomers cashing in & moving on to empty nester homes and retirement communities I don’t see this ending well for So Cal home owners…

States like Texas, Idaho, Colorado etc will fare far better as folks From LA retire and continue to invade your finest neighborhoods…San Antonio is going to need some In & Out’s, Trader Joe's, Star Bucs and Sushi Bars...:lol

[Th'Pusher]

It was a serious question. That $280,000 50 year old house is a two story 4 bedroom and 2 bath. Nothing particularly special. A house note at current CHEAP interest rates would be $2500 a month on a 30 year note. Those low interest rates are already in jeopardy of going up. To qualify for a $2500 house payment with good credit would require an annual income of $100,000. There just aren't enough qualified buyers coming up to suck up all these houses that are about to become available.

$2500 per month for a $280k 30 year note? You're kidding. That's at most $1500 and that's with all taxes and insurance.

[TheSanityAnnex]

$2500 per month for a $280k 30 year note? You're kidding. That's at most $1500 and that's with all taxes and insurance.

Yeah that isn't adding up. I'm at 2,100 right now.

[Th'Pusher]

And $93 a square foot seems cheap to me

[CosmicCowboy]

$2500 per month for a $280k 30 year note? You're kidding. That's at most $1500 and that's with all taxes and insurance.

you are totally full of shit as usual. You could get it to $1500 with enough down but not even close with minimum down.

[boutons_deux]

Monthly Payment $1,628.43


http://www.mortgagecalculator.org/

[CosmicCowboy]

Monthly Payment $1,628.43


http://www.mortgagecalculator.org/

now add taxes and insurance boo unless you put 20%+ down.

[Twisted_Dawg]

I don't know how long it will last, but we're about to flip our house for a 40% increase after three years, and we haven't done anything to it. Of course we'll have to use that as a down payment on our next house which will probably crash in value, but better that one than the current one.

What part of town are you located?

[Spurminator]

What part of town are you located?

I'm on the north side of Garland.

[Th'Pusher]

now add taxes and insurance boo unless you put 20%+ down.
That includes taxes and PMI. You're full of shit dude

[TheSanityAnnex]

alright guys enough shitting on cowboy, anyone got any advice for me? First home I've bought so I'm new to this.

[CosmicCowboy]

That includes taxes and PMI. You're full of shit dude

wrong again

[CosmicCowboy]

That includes taxes and PMI. You're full of shit dude

Dumbass. Taxes, Homeowners Insurance and Mortgage Insurance would be about $1100 a month by themselves without any principal and interest. SA was closer at $2200. I just guessed about $2500 initially. Real number looks like about $2370. Didn't realize the peanut gallery wold get their panties in such a wad.

I financed about $140,000 on the house I bought for my daughter a couple of years ago at 3.25%. Interest rates are up since then but here is a detailed breakdown on the note. take that and multiply X2 for $280,000 in case you are even worse at math than you appear.

PRINCIPAL & INTEREST $640.98
ESCROW
Property Tax $330.69
Homeowner's Insurance $66.33
Mortgage Insurance Footnote 1 $143.18
Total Taxes & Insurance $540.20
Escrow Balance Surplus/Shortage More info about this, opens overlay $4.55
TOTAL ESCROW PAYMENT Footnote 3 $544.75
TOTAL MONTHLY PAYMENT Footnote 2 $1,185.73

[CosmicCowboy]

alright guys enough shitting on cowboy, anyone got any advice for me? First home I've bought so I'm new to this.

At your age/position I like your plan to cash out and flip the profit into a new fixer upper. That San Diego market still has some legs left.

[CavsSuperFan]

San Diego is a phenomenal market... If you plan on staying in S.D. you should be fine…My thinking is that a house is a place to live not to just flip for profit…

[TheSanityAnnex]

At your age/position I like your plan to cash out and flip the profit into a new fixer upper. That San Diego market still has some legs left.

That's what I'm thinking. Did the whole remodel on my own minus the granite counter tops so I make out pretty well. Not sure I want another project as I just put so much work into it and it looks great. Also have a great lot with no neighbors within a few hundred yards which is tough to find in San Diego so it's hard for me to give that up and find something similar.

[TheSanityAnnex]

San Diego is a phenomenal market... If you plan on staying in S.D. you should be fine…My thinking is that a house is a place to live not to just flip for profit…

Staying in North County and looking for something with around 10 acres. May have to sit on mine a bit longer and hope it keeps climbing.

[SnakeBoy]

There are plenty of people saying we are in another housing bubble that is sure to burst. Time will tell.

I found this interesting...


According to Fitch Ratings US RMBS Group Director Stefan Hilts, "The issue isn't' that their prices are in a bubble, it's just that prices grew faster than fundamentals. That's why we're worried about these markets."

The most overvalued cities are as follows:

1) Austin, Texas, whose current overvaluation is pegged at 19 percent, according to Fitch

2) Houston TX, specifically the Houston- Sugarland-Baytown area, overvalued by 18 percent

3) Phoenix, AZ, specifically the Phoenix-Mesa-Glendale area, overvalued by 18% percent

4) Riverside, CA, whose overvaluation reached 17 percent, specifically the Riverside-San Bernardino-Ontario area

5) Miami FL, specifically the Miami-Miami Beach- Kendall area, overvalued by 16 percent
http://www.realtytoday.com/articles/15492/20150609/housing-market-2015-undervalued-overvalued-markets-today.htm

[pgardn]

Homeowners tax in Texas replaces the State income tax. So I can see CC mortgage payments being big.
Its a fat tax, gives people moving in from other States heart attacks when they first see it.

school district
county hospital
city

Big Fat taxes. People in Texas don't realize how many people they were footing the bill for health care thru the county while they railed at Obamacare, it's kinda funny. And it goes unnoticed by many who just pay the mortgage company.

[CosmicCowboy]

Homeowners tax in Texas replaces the State income tax. So I can see CC mortgage payments being big.
Its a fat tax, gives people moving in from other States heart attacks when they first see it.

school district
county hospital
city

Big Fat taxes. People in Texas don't realize how many people they were footing the bill for health care thru the county while they railed at Obamacare, it's kinda funny. And it goes unnoticed by many who just pay the mortgage company.

Well, now we get to pay for Obamacare AND still pay the same percentage rate to the Bexar County hospital District

[boutons_deux]

Well, now we get to pay for Obamacare AND still pay the same percentage rate to the Bexar County hospital District

what are YOU "paying for Obamacare"?

[CosmicCowboy]

what are YOU "paying for Obamacare"?

Seriously, Boo? Obamacare basically just turned out to be an expansion of free Medicaid and anyone that pays taxes pays for that.

There is no such thing as "something for nothing".

[boutons_deux]

Seriously, Boo? Obamacare basically just turned out to be an expansion of free Medicaid and anyone that pays taxes pays for that.

There is no such thing as "something for nothing".

We are all already paying for poor people to "just go to (dubya's USA universal medical care) ER".

Expanding Medicaid and subsidizing insurance was to get people out of the ER and to (preventative) healthcare earlier in their diseases.

Have YOUR taxes gone up because of ACA?

Do you bitch about paying $1.5T/year to maintain American Corporate Empire planet wide? I though not.

[CosmicCowboy]

Boo...we expanded medicaid AND are still paying the same to the county hospital district.

[admiralsnackbar]

Seriously, Boo? Obamacare basically just turned out to be an expansion of free Medicaid and anyone that pays taxes pays for that. There is no such thing as "something for nothing". Not a huge fan of Obamacare, but this complaint isn't all that valid, is it? People using Obamacare actually have to pay for it in 9/10 cases. There are subsidies to make it affordable since it is mandatory, but insurance companies get more money (again, because it is mandatory -- think economies of scale -- but also because preventative care is usually exponentially cheaper for them), hospitals save more money since they don't have to eat the tab of uninsured people clogging up their ERs per the EMTALA, and the government saves money because it doesn't have to keep said hospitals from going broke. Really, the biggest losers are the policy holders, since most Obamacare plans have such high deductibles that they lessen the blow of only the most catastrophic conditions... seems like a generally conservative gent such as yourself would appreciate the personal responsibility implicit/explicit in such an arrangement. I expect the insurance companies don't mind much. :lol

[admiralsnackbar]

Boo...we expanded medicaid AND are still paying the same to the county hospital district. Is that because the Governor declined to accept the full stipend of Obamacare, or a seperate issue? Honest question.

[boutons_deux]

Boo...we expanded medicaid AND are still paying the same to the county hospital district.

CosmicConfused, what ADDITIONAL are you paying for TX NOT expanding Medicaid?

[CosmicCowboy]

Not a huge fan of Obamacare, but this complaint isn't all that valid, is it? People using Obamacare actually have to pay for it in 9/10 cases. There are subsidies to make it affordable since it is mandatory, but insurance companies get more money (again, because it is mandatory -- think economies of scale -- but also because preventative care is usually exponentially cheaper for them), hospitals save more money since they don't have to eat the tab of uninsured people clogging up their ERs per the EMTALA, and the government saves money because it doesn't have to keep said hospitals from going broke. Really, the biggest losers are the policy holders, since most Obamacare plans have such high deductibles that they lessen the blow of only the most catastrophic conditions... seems like a generally conservative gent such as yourself would appreciate the personal responsibility implicit/explicit in such an arrangement. I expect the insurance companies don't mind much. :lol

You need to check your facts. The majority of Obamacare signups went straight to Medicaid. Definitely not your 9 out of 10 paying as you claimed. Last number I heard was 71%. As for Texas not participating they still have been able to sign up through the Federal exchange (at least until the Supreme Court rules).

[admiralsnackbar]

You need to check your facts. The majority of Obamacare signups went straight to Medicaid. Definitely not your 9 out of 10 paying as you claimed. Last number I heard was 71%. As for Texas not participating they still have been able to sign up through the Federal exchange (at least until the Supreme Court rules). I see that you're right, sir. That's what I get for talking out my ass. :lol

[Nbadan]

Taxes on a $250,000 house in Texas are about $7000 per year plus insurance at about $2000 per year, so CC's estimate is mostly correct....about 2200 per month.

[Nbadan]

CosmicConfused, what ADDITIONAL are you paying for TX NOT expanding Medicaid?

Home Taxes don't go to Obama care....but emergency room and ambulance services used by people without insurace do.. kinda ironic...there are only 32 ambulances serving SA...true fact...

[Nbadan]

I've posted about rising home prices in San Antonio before....I have found that there are two main causes besides low borrowing rates ...number one....people are looking to diversify away from the Stock market...so they are buying homes in TX, where rents are moderately high, and letting renters pay their mortgage while they play the waiting game letting home prices rise........the second reason is that institutional buyers, i.e... consolidated private buyers, kinda like home vesters, if you've ever heard of them...are doing the same thing

[Nbadan]

Barring regulation, I see this thrend continuing until home prices are so out of reach for the avg. SA worker that they have no choice but to rent...which is just what the owners want....

[RandomGuy]

Housing prices (and taxes) are going up like crazy here in SA...I just got a flyer on a new listing in a subdivision next to my house...these are 60's era houses a little less than 3000 feet...asking price is $280,000. wow. It's a nice well maintained neighborhood with low turnover but still seems really high. I personally don't think this is going to last. Texas may be an exception but on a national basis I see housing prices falling drastically as baby boomers homes become available through death or downsizing to managed care and glut the market. There simply aren't enough credit worthy individuals following this generation to absorb all this housing at these inflated prices. I am personally not counting on cashing out the current "value" of my home as part of my retirement planning.

The prices aren't "inflated".

US population is set to keep growing, as is that of Texas.

Even assuming that "there aren't enough credit worthy individuals", you would then simply have a demand for homes to be used as rental homes, as we have seen.
A bit from last August shows why:
http://www.marketplace.org/topics/economy/shocker-rent-very-very-high

There is an interplay between renting and owning. Houses will be in demand either way.

I think your assertion though, that there aren't enough credit worthy individuals is not really backed by any evidence I have seen. Most of what I have seen in the business press, and that includes underwriters opinions as well, is that the standards got tightened way too far in reaction to the housing crisis, which was caused in no small part by too lax underwriting.

The pendulum has swung a bit too far the other way, IMO. An equilibrium will be found eventually.

Even so, simple population growth will keep up. A bit less than $1 per square foot seems to be about the ownership price level.

Haven't checked the $/sq ft rental levels in a while though.

[RandomGuy]

Boo...we expanded medicaid AND are still paying the same to the county hospital district.

My understanding:

That is because the county hospital has seen the federal grants that used to be a mainstay scaled back. These grants used to offset the costs of the uninsured and non-payers that came in for care.

In return the county hospitals have gotten more paying clients in terms of medicaid patients.

Sort of a wash, other than what I would guess is slightly reducing overhead costs.

I will look to see if I can put some facts that support my understanding. I would note that as part of one of my audits, I got to talk directly to a county hospital CEO, and these grants were a prime source of revenue that were used to offset the cost of uninsured emergency room visits.

The thing that drives a lot of costs for poorer people is premature births. You want to pay less for your county hospital, invest in sex education and family planning clinics.

[RandomGuy]

Challenges in the 2015 Budget
Growing activity and revenue to cover the expense associated with operating
the new facilities and increase in depreciation expense
Implementing the 1115 Waiver projects and achieving the metrics
Continue executing the Pediatric Transition Plan
Mitigating the impact of changes to State and Federal funding sources

http://www.universityhealthsystem.com/files/2015_UHS_Budget_Report.pdf


Federal Sequestration reductions of 2% will continue throughout 2015 and this impacts all Medicare payments.

There is the "S" word ... noted in passing as mildly interesting.

Anyhoo... lunch hour is up. Will comb through it a bit more as time permits. Some of the discussion does center on the reforms and their bottom line impacts.

I would note the following:


Property tax revenue for operations (M&O) is projected to increase $19.8 million in light of higher property values for Bexar County. Of this increase, $6.5 million relates to taxes on new property values. Excluding CFHP [ Community First Health Plans, not-for profit HMO run by system-RG ], property taxes for operations as a percent of TOR [Total Operating Revenue--RG] declines from 29.4% projected for 2014 to 29.0% in the 2015 Budget.

[Nbadan]

Here's how much you need to make in each US state to rent a two-bedroom apartment

http://static6.businessinsider.com/image/557d8115eab8eaaa2ec25a7b-852-638/pew-map.png

http://www.businessinsider.com/heres-how-much-you-need-to-make-in-each-state-to-rent-a-two-bedroom-apartment-2015-6

[boutons_deux]

After an Era of Ups and Downs, Home Prices Return to Sanity

In contrast to the periods of irrational optimism and pessimism, the market is settling into a balance in which buyers are comfortable spending what they can afford given their income and savings, but aren’t willing (or able to persuade lenders) to stretch beyond that. Among buyers there is neither a sense of desperation to buy now on the assumption prices will rise rapidly, nor of fear they will plummet.

For a while in 2013 and early 2014, national home prices were rising at a double-digit percentage rate, which if sustained could have rapidly led housing back to its bubble-era extremes. But the reality — of caution on the part of home buyers and their lenders — soon set in. In the 12 months ended in March, the S.&P. Case-Shiller national home price index rose only 4.1 percent, not much higher than the rise in Americans’ incomes and broadly consistent with longer-term trends.

“The market is coming back, but we’re not having astronomical growth,” said Thomas O’Bryant Jr., the chief executive of the Greater Tampa Association of Realtors. “We’re having the kind of growth that is going to be sustainable, and any time you have steady growth it’s much better than having bubble growth.”

Prices have risen faster than incomes and rents since the beginning of the last decade, and by those measures remain high by historical standards. But a downward march in mortgage rates has made housing more affordable on a typical American’s income. Add it all up, and Fitch Ratings calculates that American housing is currently 3 percent overvalued, which counts as sustainable in the firm’s analysis. (It was 26 percent overvalued versus economic fundamentals in early 2006 and 7 percent undervalued at the end of 2011). Similar calculations (http://www.trulia.com/trends/2015/01/bubble-watch-q4-2014/) by economists at the real estate website Trulia this year found the national housing market was 2 percent undervalued.

As always with housing, each local market has its own dynamics. An online calculator (http://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html?_r=0) from The New York Times, first published last year and newly updated, makes it easy to analyze a buy vs. rent decision incorporating the details about the purchase price, equivalent rent and other factors in your location.

http://mobile.nytimes.com/2015/06/18/upshot/after-an-era-of-ups-and-downs-home-prices-return-to-sanity.html

[ducks]

What about now
Houses go up or down ?

[Blake]

What about now
Houses go up or down ?

Since Biden is in office, you'll complain either way

[ducks]

Since Biden is in office, you'll complain either way

He is in the basement hiding …….

[CosmicCowboy]

Boy was I wrong in the original post. I totally missed the in migration of Californian's etc. And the millions of houses being bought up for rentals by REITs and huge outfits like Blackrock. There has to be an end eventually but house prices are still going up faster than inflation.

[CosmicCowboy]

I am told by realtor friends in New Braunfels that almost half of sales are from California and many for cash they got selling their houses there.

[Blake]

That's been going here for 20+years

[Ef-man]

That's been going here for 20+years

He is topic kiss of death when he weighs in with certainty

[ducks]

A $1 million starter home is now the norm in more than 200 US cities
https://www.yahoo.com/finance/news/1-million-starter-home-now-080003003.html

[Ef-man]

Can’t buy a house in big a city earning 12 computers fixed a day pay so ducks better stay in Yuma.

[Thread]

A $1 million starter home is now the norm in more than 200 US cities
https://www.yahoo.com/finance/news/1-million-starter-home-now-080003003.html

https://m.media-amazon.com/images/I/41xetrwU5KL._AC_UF894,1000_QL80_.jpg

[Ef-man]

Am sure that Yam Tits is not the only one inflating their property portfolio value to inflate their net worth just to get favorable business rates/terms.

https://img-s-msn-com.akamaized.net/tenant/amp/entityid/BB1qJ66I.img?w=768&h=406&m=6

[Thread]

Am sure that Yam Tits is not the only one inflating their property portfolio value to inflate their net worth just to get favorable business rates/terms.

https://img-s-msn-com.akamaized.net/tenant/amp/entityid/BB1qJ66I.img?w=768&h=406&m=6

Let us hope not.

tee, hee.

[RandomGuy]

I am told by realtor friends in New Braunfels that almost half of sales are from California and many for cash they got selling their houses there.

I bought into my house at a good time and have seen my home in San Marcos almost double in value in 8 years. YAY. Locked in a mortgage for less than 4% that I am never, ever going to be able to refinance more cheaply... heh.

Bad for property taxes though.

[RandomGuy]

That's been going here for 20+years

Can confirm. I have been watching Austin move south, and San Antonio move north.

Traffic gets worse and worse every year. We waste so much time and money in traffic that you can't tell me that trains wouldn't be better.

[spurraider21]

I am told by realtor friends in New Braunfels that almost half of sales are from California and many for cash they got selling their houses there.
i was one of those when i moved to virginia in 2019. i didnt have a house to sell, but the price difference was so jarring that we just ended up buying there anyway :lol

currently renting here in LV, but i kept my virginia home and am currently renting that one out. didnt make sense to sell. as of now the rent im getting (before paying property manager fees, maintenance, etc) is about 900 more than the mortgage + insurance cost on it

[Thread]

Can confirm. I have been watching Austin move south, and San Antonio move north.

Traffic gets worse and worse every year. We waste so much time and money in traffic that you can't tell me that trains wouldn't be better.

As long as you don't have a dog barking, or loud banging music you got it made, RG.

I wish those 2 maladies on no one, ever. It's my religion.

I am happy for you and your's on this subject.

[Blake]

i was one of those when i moved to virginia in 2019. i didnt have a house to sell, but the price difference was so jarring that we just ended up buying there anyway :lol

currently renting here in LV, but i kept my virginia home and am currently renting that one out. didnt make sense to sell. as of now the rent im getting (before paying property manager fees, maintenance, etc) is about 900 more than the mortgage + insurance cost on it

And then you cross your fingers no major repairs are needed until you can sell it

[Thread]

And then you cross your fingers no major repairs are needed until you can sell it

Look at Blake; acting like somebody.

You do have your moments. They ain't too often, but I spot 'em whenever they surface.

Blake

[spurraider21]

And then you cross your fingers no major repairs are needed until you can sell it
oh im sure there will be. theres always risk in holding a property. but i'm netting 900/mo right now, and mortgage wont climb while rents might... its part of the calculus.

the roof was last replaced in 2011 or so thats a known cost on the way at some point, in an area that gets a fair amount of rain

[CosmicCowboy]

I bought into my house at a good time and h400kave seen my home in San Marcos almost double in value in 8 years. YAY. Locked in a mortgage for less than 4% that I am never, ever going to be able to refinance more cheaply... heh.

Bad for property taxes though.
Yeah, it's crazy. My McQueeney house has doubled in 6 years with a 2.38% mortgage even with the lake not being back until next year. I get "cash" offers all the time. The colorado house according to redfin/zillow is up
400k in two years. Real estate is crazy there. Labor and the short construction season is a killer. New construction is 700-800 per square foot.

[ducks]

NEW YORK — In 2006, the hulking office building at 135 W. 50th St. in midtown Manhattan sold for $332 million. Tenants occupied nearly every floor; offices were in demand; real estate was booming.

On Wednesday, it changed hands again, in an unusual online auction — for $8.5 million.

The staggeringly low sale price of the 23-story glass behemoth that was once the headquarters of Sports Illustrated is the latest and perhaps most surprising sign of how the pandemic has upended the state of office buildings in New York City, home to the largest central business district in the United States.

[ChumpDumper]

NEW YORK — In 2006, the hulking office building at 135 W. 50th St. in midtown Manhattan sold for $332 million. Tenants occupied nearly every floor; offices were in demand; real estate was booming.

On Wednesday, it changed hands again, in an unusual online auction — for $8.5 million.

The staggeringly low sale price of the 23-story glass behemoth that was once the headquarters of Sports Illustrated is the latest and perhaps most surprising sign of how the pandemic has upended the state of office buildings in New York City, home to the largest central business district in the United States.That's...not housing.

[Ef-man]

That's...not housing.

Did you expect anything less from a low iq alt ducks? :lol

[Thread]

Did you expect anything less from a low iq alt ducks? :lol

Effy, kissin' that Dumper's dumper.

[ducks]

That's...not housing.

Did you want me to start a new thread about it
Stalker

[ChumpDumper]

Did you want me to start a new thread about itSure. Commercial real estate is an interesting topic.

StalkerYou don't want people reading or replying to your posts?

Weird.

[ducks]

Is black woman an interesting topic for you also ?
What about white woman ?
What about Indian woman ?
What about sex ?

[ChumpDumper]

Is black woman an interesting topic for you also ?
What about white woman ?
What about Indian woman ?
What about sex ?

You're certainly free to start threads about any of these.

Let's see what happens!

[Blake]

Is black woman an interesting topic for you also ?
What about white woman ?
What about Indian woman ?
What about sex ?

You trumptards are completely obsessed with skin color

[Thread]

You trumptards are completely obsessed with skin color

Like your side is. The Magic Negro started it. Let's see if he can keep up.

Let us proceed...

[ducks]

You trumptards are completely obsessed with skin color

I prefer tits and pussy
If you prefer skin that is your choice

[Blake]

I prefer tits and pussy

Why do you feel this need to say this over and over? This is usually what someone does that is confused or conflicted about their preference

[ChumpDumper]

Why are all the Trumptards overcompensating so much lately?

[Ef-man]

another triggered ducks alt posting like there is no tomorrow :lol

[Thread]

Why are all the Trumptards overcompensating so much lately?

Because we don't know when you'll pull the SS again and close the quarter of an inch.