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10527 clicks; posted to Business » on 13 Apr 2012 at 1:35 PM (4 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-04-13 01:05:49 AM  
Brought to you by RE/MAX
 
2012-04-13 01:27:24 PM  
Me friend is a Realtor. He's informed me that experts in the industry believe now is a great time to buy a house.
 
2012-04-13 01:30:26 PM  
I think it would be a better investment for one to buy an adult entertainment club
 
2012-04-13 01:38:00 PM  
I'm not in the market, but I did just refinance. It's nice to have an extra $520 in my pocket each month.
 
2012-04-13 01:38:02 PM  

cman: I think it would be a better investment for one to buy an adult entertainment club


It's a great time to buy an adult entertainment club/house. I'll have a champagne room and a cocaine room... and another cocaine room.
 
2012-04-13 01:40:04 PM  
This is like that old realtor mantra: The right house for the right person.

Of course, "The right house" is the one that they're selling, and "the right person" is anyone.

/Thank you Mr. Hutz, I've learned so much
 
2012-04-13 01:43:20 PM  

Rapmaster2000: It's a great time to buy an adult entertainment club/house. I'll have a champagne room and a cocaine room... and another cocaine room.


I'd really like to stick my head in between those cocaine rooms.
 
2012-04-13 01:43:31 PM  

eKonk: This is like that old realtor mantra: The right house for the right person.

Of course, "The right house" is the one that they're selling, and "the right person" is anyone.

/Thank you Mr. Hutz, I've learned so much


t1.gstatic.com

Love that scene. I'm reminded of the truth and the truth whenever someone is trying to sell me something.
 
2012-04-13 01:46:02 PM  
I guess dollar stores are booming because everyone is saving up their money to swoop up a great deal on a home.
 
2012-04-13 01:59:07 PM  
I'm paying less for the three bedroom house with a lake view than I did for the one bedroom apartment a block away.

3.75%, biatches.
 
2012-04-13 02:03:29 PM  

chopit: I'm paying less for the three bedroom house with a lake view than I did for the one bedroom apartment a block away.

3.75%, biatches.


Same here but then I wasn't responsible for a new roof and furnace when I had the apartment. Tradeoffs.
 
2012-04-13 02:20:53 PM  

ANYBODY WANT A PEANUT?

 
2012-04-13 02:21:27 PM  
Well, the new roof cost $11K, but the house is worth (based on an assessment) $75K more than what we paid for it in Dec. 10.
 
2012-04-13 02:32:37 PM  

natazha: (based on an assessment)


How do you raise taxes without raising the rates?
 
2012-04-13 02:34:04 PM  

impaler: Me friend is a Realtor. He's informed me that experts in the industry believe now is a greatthe best time EVAR to buy a house.


FTFY

Oh, and has he been telling you that for the last fifteen years?
 
2012-04-13 02:54:06 PM  

Fabric_Man: ANYBODY WANT A PEANUT?


Sure, I'll take another raise.
 
2012-04-13 03:16:10 PM  
Sometimes I think I'm ready to purchase a home. Then a tornado blows through my area and I'm glad my landlord is paying the roofers, and not me.
 
2012-04-13 03:17:11 PM  
There was an article on the local news a few days ago about how the housing market around here is so hot that builders are having to turn down projects because there is a labor shortage and they can't hire enough people to do the work. There are major backlogs in the bigger markets because there is too much work and not enough workers.
 
2012-04-13 03:42:10 PM  
I don't think Case-Shinner is inflation-adjusted (correct me if I'm wrong), so that's not actually a real rise in prices unless inflation winds up being really low. Which is unlikely if the economy continues to improve as expected.

Think we're going to be flat-to-slightly-down for a couple years until rents make it stupid not to buy. You're probably safe from losing your ass on a house at this point -- depending on where you're buying -- but you won't make any money either unless you hold it for a long time.
 
2012-04-13 04:09:42 PM  

BigBooper: impaler: Me friend is a Realtor. He's informed me that experts in the industry believe now is a greatthe best time EVAR to buy a house.

FTFY

Oh, and has he been telling you that for the last fifteen years?


You know Bob too?
 
2012-04-13 04:15:53 PM  
Here in Chicago there are no shortage of foreclosures and short sales coming on the market every day. It's a little dire.

From what I'm seeing on the market, however, it doesn't seem like it can fall too much farther. I've been seeing 2 bed condos that sold for $250-300k in 2005 going for $100k in my area. There's not that much farther to fall before it becomes cheaper to live in the city than the burbs...

So, yeah, buying. We'll see how that goes.
 
2012-04-13 04:20:39 PM  

Wellon Dowd: I'm not in the market, but I did just refinance. It's nice to have an extra $520 in my pocket each month.


Yep. Should be finalizing my refi by Monday. 3.15% fixed 15-year baby! (3.3% APR) I don't imagine it getting much cheaper than that.

Decided it would be a good time to pull out money to put up a rooftop PV system too. With the ~5 year ROI for solar in my state, it makes quite a bit of financial sense to put enough panels to get rid of my power bill.
 
2012-04-13 04:36:03 PM  
Sorry, if your house has been on the market and sitting empty for two years, the prices aren't low enough yet. Give it some time.
 
2012-04-13 04:44:48 PM  

Freudian_slipknot: Here in Chicago there are no shortage of foreclosures and short sales coming on the market every day. It's a little dire.

From what I'm seeing on the market, however, it doesn't seem like it can fall too much farther. I've been seeing 2 bed condos that sold for $250-300k in 2005 going for $100k in my area. There's not that much farther to fall before it becomes cheaper to live in the city than the burbs...

So, yeah, buying. We'll see how that goes.


Sadly, I won't be in a position to buy a house for another three years; but yeah, the prices I've been seeing in and around Chicago are at the point where I wouldn't care about the housing market going up or down. A nice house in a nice part of town that I can afford and maintain however I like - I'm willing to lock down my mortgage payment for 30 years.
 
2012-04-13 04:59:58 PM  
Where is Wolvernova to tell us that realtors are lying sacks of shiat?

/he is right, of course
 
2012-04-13 05:05:27 PM  
Based on zillow (snort), my house is finally valued above what I paid for it in 2007.

Seriously though, in my area, building is happening again and people are buying. And the two older houses that have sold on my street recently both went for more than I thought they should have. And the brand new one across the street from me is being priced at 20k under what I paid for mine. It is roughly same size as mine above ground, but I have a finished basement. It doesnt have a basement at all. Also, I have two car garage, its a one car garage.

Spec houses. They are building spec houses again. Something is happening (possibly insanity).
 
2012-04-13 05:07:40 PM  

impaler: You know Bob too?


Yea, I don't hang around with him too much though. He's always telling me to "buy now, BEFORE IT'S TOO LATE!" and "this is the best opportunity in generations DON'T MISS IT!"
It's like he doesn't remember saying the same every damn time I see him, year after year after year.
 
2012-04-13 05:19:20 PM  
This house is for sale in my neighborhood. They just repainted it outside (pictures are after painting, it was same color before but worn out). I never knew what the inside and back looked like until now. I like the house, think it gives the neighborhood character, but I bet the neighbors hate it.

Now that Ive seen pictures of the inside, I like it even more.
 
2012-04-13 05:23:59 PM  
Hope and Change?

/Didnt read TFA
 
2012-04-13 06:01:13 PM  
Why is it that the articles about this almost always start out by seeming to equate underwater homes with foreclosures? I never cared how much the house was worth, I just cared that I could make the payments. Unfortunately that didn't work out like I had hoped.

Tjos Weel: This house is for sale in my neighborhood. They just repainted it outside (pictures are after painting, it was same color before but worn out). I never knew what the inside and back looked like until now. I like the house, think it gives the neighborhood character, but I bet the neighbors hate it.

Now that Ive seen pictures of the inside, I like it even more.


The funny thing about that for me is that I have you favorited in nearly same color as the house. (Good Beer Recommendation.)
 
2012-04-13 06:20:45 PM  

Tjos Weel: This house is for sale in my neighborhood. They just repainted it outside (pictures are after painting, it was same color before but worn out). I never knew what the inside and back looked like until now. I like the house, think it gives the neighborhood character, but I bet the neighbors hate it.

Now that Ive seen pictures of the inside, I like it even more.


$180k in Louisville for a small house on a small lot sounds rather high - though, I admit to knowing nothing about the area. Google found a similar sized house on 5 acres for $130k in Jackson County - for $180k, I'd expect a much larger lot.
 
2012-04-13 08:23:25 PM  

cman: Hope and Change?

/Didnt read TFA


No, actually it is sign this stack of paper work and bend over. Or, how I quit worrying and learned to love my mortgage.
 
2012-04-13 08:25:37 PM  

cman: Hope and Change?

/Didnt read TFA


No one expected you to.
 
2012-04-13 08:36:41 PM  
I still can't afford a house in any place I'd ever want to live, so let's keep those priecs falling please.
 
2012-04-13 09:01:47 PM  

Treygreen13: Sometimes I think I'm ready to purchase a home. Then a tornado blows through my area and I'm glad my landlord is paying the roofers, and not me.


As a renter, you are paying the roofers. Unless your landlord is losing money, in which case you'll eventually have a new landlord.
 
2012-04-13 09:48:09 PM  

jjorsett: Treygreen13: Sometimes I think I'm ready to purchase a home. Then a tornado blows through my area and I'm glad my landlord is paying the roofers, and not me.

As a renter, you are paying the roofers. Unless your landlord is losing money, in which case you'll eventually have a new landlord.


As an owner, you are paying the insurance company to put a new roof on, and not the roofers...
 
2012-04-13 11:14:40 PM  
Then the last of the subprime bubble's ARMs adjust this year...
 
2012-04-14 12:27:05 AM  

mod3072: There was an article on the local news a few days ago about how the housing market around here is so hot that builders are having to turn down projects because there is a labor shortage and they can't hire enough people to do the work. There are major backlogs in the bigger markets because there is too much work and not enough workers.


I suppose that happens easily enough in South Dakota, whose entire population is about the same as the number of people who saw the Paul Simon concert in Central Park.
 
2012-04-14 02:07:15 AM  
Why exactly do we still listen to "experts" again?
 
2012-04-14 04:04:42 AM  

Rapmaster2000: eKonk: This is like that old realtor mantra: The right house for the right person.

Of course, "The right house" is the one that they're selling, and "the right person" is anyone.

/Thank you Mr. Hutz, I've learned so much

[t1.gstatic.com image 268x188]

Love that scene. I'm reminded of the truth and the truth whenever someone is trying to sell me something.


Until I moved to NC, realtors were scummy, but they didn't follow hutz's rubric. One look on craigslist and I see dumps are "charming," studios are "cozy" etc - I'm still lost as to how "cozy" describes a living space, and not a blanket.
 
2012-04-14 06:58:44 AM  

cybrwzrd: jjorsett: Treygreen13: Sometimes I think I'm ready to purchase a home. Then a tornado blows through my area and I'm glad my landlord is paying the roofers, and not me.

As a renter, you are paying the roofers. Unless your landlord is losing money, in which case you'll eventually have a new landlord.

As an owner, you are paying the insurance company to put a new roof on, and not the roofers...


Either way, nobody is losing money on the deal except the poor bastard who can't charge somebody else for the privilege.

If you aren't the landlord or the insurance underwriter, you're the one paying. Just get used to it.
 
2012-04-14 06:59:08 AM  

moothemagiccow: Rapmaster2000: eKonk: This is like that old realtor mantra: The right house for the right person.

Of course, "The right house" is the one that they're selling, and "the right person" is anyone.

/Thank you Mr. Hutz, I've learned so much

[t1.gstatic.com image 268x188]

Love that scene. I'm reminded of the truth and the truth whenever someone is trying to sell me something.

Until I moved to NC, realtors were scummy, but they didn't follow hutz's rubric. One look on craigslist and I see dumps are "charming," studios are "cozy" etc - I'm still lost as to how "cozy" describes a living space, and not a blanket.


When the living space has the approximate square footage of a blanket.
 
2012-04-14 07:12:46 AM  
Yes because things magically change when the fundamentals are still going in the other direction.
 
2012-04-14 08:54:30 AM  
Almost as lame as their articles on where the hot jobs are where they tell you that IT is booming. Still you can't blame them for lying when there are so many suckers willing to believe it.
 
2012-04-14 09:58:58 AM  
"We are expecting a gradual improvement, but if we get a big wave of new foreclosures coming to the market, price declines could be even greater," said Yelena Shulyatyeva, an economist at BNP Paribas in New York.

In other words, prices will go up unless they go down. Or I guess they could stay the same.
Man, I could have been an economist at BNP Paribas.
 
2012-04-14 10:30:25 AM  
Trolljegeren

$180k in Louisville for a small house on a small lot sounds rather high - though, I admit to knowing nothing about the area. Google found a similar sized house on 5 acres for $130k in Jackson County - for $180k, I'd expect a much larger lot.

Comparing Louisville to Jackson County is apples to supernovas.

Jackson borders Clay County...nuff said. Eastern KY, very rural.

Also, 1, the sellers are asking 170k, so they will probably get in the 160s for it.

2, It is high priced (but not that much) compared to other parts of the country, but the location is Anchorage-adjacent (about 2 blocks). Anchorage, for example, is where Papa John Schnatter lives. So there is a premium for end of town, even if we arent in his wealth class. (From google maps 2.0 miles from my house to his, 3 turns, no major roads)
 
2012-04-14 05:20:26 PM  

impaler: Me friend is a Realtor. He's informed me that experts in the industry believe now is a great time to buy a house.


It's good you capitalized "Realtor." They'll get you for that.
 
2012-04-14 05:37:17 PM  

Tjos Weel: Trolljegeren

$180k in Louisville for a small house on a small lot sounds rather high - though, I admit to knowing nothing about the area. Google found a similar sized house on 5 acres for $130k in Jackson County - for $180k, I'd expect a much larger lot.

Comparing Louisville to Jackson County is apples to supernovas.

Jackson borders Clay County...nuff said. Eastern KY, very rural.

Also, 1, the sellers are asking 170k, so they will probably get in the 160s for it.

2, It is high priced (but not that much) compared to other parts of the country, but the location is Anchorage-adjacent (about 2 blocks). Anchorage, for example, is where Papa John Schnatter lives. So there is a premium for end of town, even if we arent in his wealth class. (From google maps 2.0 miles from my house to his, 3 turns, no major roads)


Ok, if you think it's a decent price for the area, it probably is - you living in the area and all :).

/I had to look up Clay County (sad place, I take it),
//and Papa John Schnatter (Pizza guy).
 
2012-04-14 08:58:30 PM  

mod3072: There was an article on the local news a few days ago about how the housing market around here is so hot that builders are having to turn down projects because there is a labor shortage and they can't hire enough people to do the work. There are major backlogs in the bigger markets because there is too much work and not enough workers.


Does this not set off your BS detector?
 
2012-04-15 06:55:11 AM  

Transubstantive: mod3072: There was an article on the local news a few days ago about how the housing market around here is so hot that builders are having to turn down projects because there is a labor shortage and they can't hire enough people to do the work. There are major backlogs in the bigger markets because there is too much work and not enough workers.

Does this not set off your BS detector?


The guy's talking about "bigger markets" in South Dakota. What do you think?
 
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