- Registrado
- 16 de Dic, 2019
have number always go up? maybe it's just winter in USA but looking around prices seem to be sliding down a bit
Home Buying / Housing Market Griefing Thread - You're going to rent until you die.
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- Registrado
- 21 de Ago, 2019
Prices generally follow an upward trend. Even in big shocks like the 2008 recession, they only fell back to 2004 levels and then started to rise again afterward. AFAIK going back as far as the 1970s or 80s, they've never been set back more than a few years. I don't know if something like that happened in the great depression. Anything before the great depression era would have spotty data because suburbs weren't so much a thing and people in urban areas predominately rented, while more rural areas had stuff like hand made shacks, people squatting on land, and various homesteading acts where land was given away for free.
Housing prices shedding gains to the point where we're falling back more than a few years would generally indicate an economic shock so severe, a good tent, a gun and some shelf stable canned food would be a better investment than a house.
*Edited because I had accidently typed great recession instead of great depression when referring to the 1930s*
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- Registrado
- 16 de Dic, 2019
Housing prices (in a sane spherical cow world) should go up roughly exactly in pace with inflation - so even if prices don't go "down" but stay level for 5+ years that's a real price drop.
FlappyBat
kiwifarms.net
- Registrado
- 17 de Dic, 2019
That is the only way I see housing prices actually come down. You cannot have any non-trivial nominal drop in house value or people will freak the fuck out. It's going to take a very long time of losing to inflation for housing to come down to a reasonable value.
- Registrado
- 22 de Mayo, 2017
It's also generally bad for the prices to go down under normal circumstances. It ends up with underwater mortgages that can buyers walk away from instead of paying back. Stagnant prices + inflation alone will eat away 3%+ from the housing prices, assuming wages would actually keep pace with inflation.
- Registrado
- 20 de Feb, 2019
Depends on the quality of the house and the location. The property itself may go up in value but the house is going to deteriorate bit by bit unless there's proper maintenance. If you bought a house in a place where nobody wants to live in, the price is going to go down because there's no nearby amenities that would make the location desirable.
Prices go down in some areas, they go up in others. Some parts of the country require more maintenance than others, etc.
- Registrado
- 16 de Dic, 2019
I'm just saying that price may be stabilizing, heading down. But I'll leave it to the autists at the Case Shiller places to let us know next year what happened this winter (lol)
- Registrado
- 9 de Mar, 2015
Numbers don't always got up and 6% or lower is the best we've seen in a long time.
Markets fucking bad.
Markets fucking bad.
- Registrado
- 22 de Mayo, 2017
Low down tip I got from a realtor is that the inner city ghettos are being gentrified by developers with deep pockets to buy up lots of real estate at once.
- Registrado
- 28 de Ago, 2019
Who's going to buy things, though?
- Registrado
- 16 de Dic, 2019
The key is you find a neighborhood that is NEAR nice/decent places, but is niggified. You start buying up properties and rent them section 8 style as you continue to snap them all up, and then when you have all of them you get a big redevelopment pushed through (because everyone hates the absolute niggified neighborhood, an niggahood if you will), redevelop into the nicest area around, and you get a new area to sell to the richer people who live further out. If you do it right, you get huge grants/writeoffs/loans from the state and government, it's all about playing with affordable housing units (up to and including building some slum outside far away).
It's literally part and parcel of how a city lives and develops, but for 40-50 years it's been artificially constrained for various reasons.
- Registrado
- 28 de Dic, 2015
A piece of land I've coveted for about 30 years has come up for sale and has no bites after months.
-lakefront forest land
-several acres
- only utility is power, but it's there.
- drilled hand pump well and an outhouse.
- lake my family has owned property on the other side of since the 1970s. I'm very familiar with the place.
-two nearby neighbors with cabins on one side, public (undevelopable) forest land on the other.
- no nigs for hundreds of miles.
Gay and autistic to buy it now and keep in my pocket for later?
-lakefront forest land
-several acres
- only utility is power, but it's there.
- drilled hand pump well and an outhouse.
- lake my family has owned property on the other side of since the 1970s. I'm very familiar with the place.
-two nearby neighbors with cabins on one side, public (undevelopable) forest land on the other.
- no nigs for hundreds of miles.
Gay and autistic to buy it now and keep in my pocket for later?
- Registrado
- 28 de Ago, 2019
Why the fuck haven't you already bought it?
- Registrado
- 16 de Dic, 2019
Why hasn't it sold? Is it because it's too expensive, or it's undevelopable?
If you can afford it and already are in the area, sounds like something worth considering, maybe talking to the neighbors directly.
Land like that can often "sit on the market" for decades because the assnigger who owns it "knows what he got" and will never sell for anything resembling market value; you have to outlive him and buy from the estate.
- Registrado
- 28 de Dic, 2015
It's no more undevelopable than the two lots next to it that already have houses on them. My understanding is the assnigger who owned it already croaked and now his estate/family is trying to sell it. And yeah, they're probably overpriced about 20-30k.
The real reason it's not selling I'd wager is the awkward lot shape and the fact that the lot is split in half by a miniature dismal swamp worthy of Grover that also eats a third of the acreage. Not actually a problem for me, but it is understandable that somebody else would balk at it.
The real reason it's not selling I'd wager is the awkward lot shape and the fact that the lot is split in half by a miniature dismal swamp worthy of Grover that also eats a third of the acreage. Not actually a problem for me, but it is understandable that somebody else would balk at it.
atm I feel like I'd be stretched too thin.
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- Registrado
- 16 de Dic, 2019
Sounds like you should lowball in and let them at least know you're interested, eventually they might get bored.
- Registrado
- 11 de Nov, 2023
I agree. Put in your offer and check in on the owners periodically. They might get impatient and agree to your price down the road.
Muskie
kiwifarms.net
- Registrado
- 1 de Jul, 2025
Looking for some advice on buying a condo.
Most single family homes (that aren't crack shacks) in my area are just out of my price range. At around the $150k mark I'll be able to cover a 20% down payment and have plenty for an emergency fund. It seems like the better play with one income as a 3 bed home would probably be too much house for just me. The way I see it i can either rent and get nothing or buy a condo and get some equity, is there something I'm missing. What should I be looking out for?
Most single family homes (that aren't crack shacks) in my area are just out of my price range. At around the $150k mark I'll be able to cover a 20% down payment and have plenty for an emergency fund. It seems like the better play with one income as a 3 bed home would probably be too much house for just me. The way I see it i can either rent and get nothing or buy a condo and get some equity, is there something I'm missing. What should I be looking out for?
- Registrado
- 21 de Ago, 2019
Look into the board and ensure it's not a shitshow. Some condo boards defer maintenance to avoid putting up fees for a long time and then after a few years fees skyrocket because they have to so something big like replace the roof or a big furnace in the basement or something. You just generally want to make sure the building is being well managed.
- Registrado
- 20 de Mar, 2024
Yup, and even the "fall" you're describing was only 20-30k on average.
For the most part housing has never been a bad investment. The key word there though is "investment".
Historically it's taken on average 10+ years for a home to make solid value/equity gains for the home owner.
Often times when someone loses money on a house it's because something caused them to put a bunch of money in to it, and they sold before they could recoup the cost through equity.
Condo's tend to have slightly lower equity gains than single family homes over time. On average it's only a few percent lower, but it is what it is.
The kicker there compared to a SFH though is that Condo's tend to have HOA's, and those are going to eat directly into any equity gains you'd be making.
Another thing to keep in mind is owning a condo is the same as owning a home, you have a mortgage, so if you wanna move you need to be ready to deal with either selling it or renting it and everything that comes with that process.