OT The Real Estate Market

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BLAZINGGIANTS said:
We sold our 80-year old house in November. Got more than we wanted without even going on the market. Talked to our agent last week, and she said we'd still get the same selling price today, maybe slightly more, but not by much and it'd take time to sell.

The house we bought is in a brand new development, and our model is now going for $70K more than we purchased ours for (and with an interest rate less than 3%). We feel like we couldn't have timed things better.
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Yep, we sold our 2900 sq/ft home in October In September, we took out a 6-month lease on a house while we searched for and found our 1600 sq/ft home, which we closed on in February. That 6 months made all the difference for us in our search, downsizing, and transitional efforts! Not everyone may be able to do that, but man, that was a beautiful thing for us!
 
Remember when houses were for living instead of this casino capitalism shit?
 
I wonder how long it will take until legislation comes through saying homes can only be purchased by individuals and not corporations. And that there is a limit to the number you can own (with those owning more being grandfathered in of course)
 
MickZagger said:
Remember when houses were for living instead of this casino capitalism shit?
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This is a direct effect of our Federal Government and Federal Reserve in action.
We are nearing the endgame of the USD being THE reserve asset.
 
CJ_is_Gone said:
This is a direct effect of our Federal Government and Federal Reserve in action.
We are nearing the endgame of the USD being THE reserve asset.
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Uh oh. Me smells the great reset.
 
CJ_is_Gone said:
This is a direct effect of our Federal Government and Federal Reserve in action.
We are nearing the endgame of the USD being THE reserve asset.
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I don't think so. The US dollar is so much more stable and secure than any other currency in the world.

The more isolationist we get, the more valuable the dollar becomes. We can get along just fine without overseas trade... And the US dollar is manipulated far less than any other large currency. I think the US dollar is going to be the safest store of capital for the foreseeable future.
 
SlyPokerCat said:
I wonder how long it will take until legislation comes through saying homes can only be purchased by individuals and not corporations. And that there is a limit to the number you can own (with those owning more being grandfathered in of course)
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Never. People who need to make that legislation are owned by money from the same people who want to buy real estate for corporations. In general, nobody should be waiting for any new laws that are just for the good of people and the right thing to do. Those days are long over.
 
calvin natt said:
Never. People who need to make that legislation are owned by money from the same people who want to buy real estate for corporations. In general, nobody should be waiting for any new laws that are just for the good of people and the right thing to do. Those days are long over.
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Correct. Unless we can elect an activist president who is very persuasive.
 
twobullz said:
I am in Redmond, but work all of Central Oregon.
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...do you golf? Been in Redmond 4yrs now -- just closed on our home March 1st where we had been renting it previously. We lucked out though and negotiated the price directly with owners back in December and locked in our rate below 4% before everything spiked. Now, the house directly behind us that is nearly mirror image replica is pending under contract and their listing price was 100k above what we just paid for ours. :blazerwookie:
 
Haakzilla said:
...do you golf? Been in Redmond 4yrs now -- just closed on our home March 1st where we had been renting it previously. We lucked out though and negotiated the price directly with owners back in December and locked in our rate below 4% before everything spiked. Now, the house directly behind us that is nearly mirror image replica is pending under contract and their listing price was 100k above what we just paid for ours. :blazerwookie:
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Shot a 90 at Crooked River Ranch last weekend :) My second time out this season. Might have been the best round I have ever played.

Yeah the market is crazy here.
 
Phatguysrule said:
Correct. Unless we can elect an activist president who is very persuasive.
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I used to think this was the way too. But what exactly does having your choice of president actually do for you when every. fucking. thing. He or she wants to get done is torpedoed by the Trumpers? Democrats have held power in all areas and have gotten ZILCH done to change anything substantial. There is no Democrat vs Republican where a “persuasive” activist president can have a shred of hope getting something done. They will get denied at every point. At this point the hope is probably a “Republican” who gets into office then has a wake up call and has influence over his party and actually wants to do good things. Which will happen never.
 
calvin natt said:
I used to think this was the way too. But what exactly does having your choice of president actually do for you when every. fucking. thing. He or she wants to get done is torpedoed by the Trumpers? Democrats have held power in all areas and have gotten ZILCH done to change anything substantial. There is no Democrat vs Republican where a “persuasive” activist president can have a shred of hope getting something done. They will get denied at every point. At this point the hope is probably a “Republican” who gets into office then has a wake up call and has influence over his party and actually wants to do good things. Which will happen never.
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If the independent party continues to grow and the repub & dems split then maybe we could have a fair multi party race where each are given equal opportunity to debate, TV and Town Halls.
The two party system is no longer viable imo. To many wackos that want to destroy one another rather than work for the people.
 
calvin natt said:
Never. People who need to make that legislation are owned by money from the same people who want to buy real estate for corporations. In general, nobody should be waiting for any new laws that are just for the good of people and the right thing to do. Those days are long over.
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Very few of the next generation will ever own a home. It’s very difficult for people to get a starter home already.
 
twobullz said:
Shot a 90 at Crooked River Ranch last weekend :) My second time out this season. Might have been the best round I have ever played.

Yeah the market is crazy here.
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...we gotta play, my treat! I have a ton of free rounds at The Greens here in town (in exchange for helping with their website), it's a badass 18 hole executive course for anyone unfamiliar.

Check them out on my website :) >> https://centraloregon.golf/listing/the-greens-at-redmond/
 
jonnyboy said:
They will also be running the country at some point. Hopefully they can recognize and reverse the damage the boomer generation has caused before it’s too late.
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In all reality, the ones who already do or are more likely to own homes will be the ones running the country. And they'll just figure, if they could do it, why couldn't the other people?
Lather, rinse, repeat
 
RR7 said:
In all reality, the ones who already do or are more likely to own homes will be the ones running the country. And they'll just figure, if they could do it, why couldn't the other people?
Lather, rinse, repeat
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It all just starts with a small million dollar loan from your father and you too can live the American dream
 
RR7 said:
In all reality, the ones who already do or are more likely to own homes will be the ones running the country. And they'll just figure, if they could do it, why couldn't the other people?
Lather, rinse, repeat
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Probably true. It’s enough a challenge for average people to get ahead in life that by the time they reach the plateau of home ownership, or even getting out of debt for that matter, they are about out of steam to accomplish anything else.
As a person with an average middle class job who makes above the median income in this country, I’m still finding myself looking at the prospect of getting an llc and starting a side business, and probably working 7 days a week for the foreseeable future, all in hopes of making enough auxiliary income to afford a home that is modest at best.
Pretty sure it wasn’t always this way. I know total burnout old school tweeker dipshits who managed to buy land and a home in the 80’s and 90’s working low level labor jobs.
 
SlyPokerCat said:
I wonder how long it will take until legislation comes through saying homes can only be purchased by individuals and not corporations. And that there is a limit to the number you can own (with those owning more being grandfathered in of course)
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There already are limits. 2008 thanks to the 2008 housing bubble. You can only carry up to 4 loans on property.
 
jonnyboy said:
Probably true. It’s enough a challenge for average people to get ahead in life that by the time they reach the plateau of home ownership, or even getting out of debt for that matter, they are about out of steam to accomplish anything else.
As a person with an average middle class job who makes above the median income in this country, I’m still finding myself looking at the prospect of getting an llc and starting a side business, and probably working 7 days a week for the foreseeable future, all in hopes of making enough auxiliary income to afford a home that is modest at best.
Pretty sure it wasn’t always this way. I know total burnout old school tweeker dipshits who managed to buy land and a home in the 80’s and 90’s working low level labor jobs.
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Down south and east there are States where the cost of housing ownership, as a percentage of income is much more in line with what it should be.
It's tough for young people out west to afford homes unless they are married and both working.
 
jonnyboy said:
Probably true. It’s enough a challenge for average people to get ahead in life that by the time they reach the plateau of home ownership, or even getting out of debt for that matter, they are about out of steam to accomplish anything else.
As a person with an average middle class job who makes above the median income in this country, I’m still finding myself looking at the prospect of getting an llc and starting a side business, and probably working 7 days a week for the foreseeable future, all in hopes of making enough auxiliary income to afford a home that is modest at best.
Pretty sure it wasn’t always this way. I know total burnout old school tweeker dipshits who managed to buy land and a home in the 80’s and 90’s working low level labor jobs.
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it wasn’t always this way. If you bought a home in the 80’s and 90’s your house has quadrupled or more in value just by existing.

I bought my first home in 2017, which I wish I would’ve bought a home sooner and have $150k in equity. Been running the numbers and even with a 150k down a modest 4 bedroom is running 600k which would still almost leave me with $3k a month mortgage.

Our parents had their own struggles. But in the end it was a great avenue to get wealthy. I can’t say that being the same for generations to come. If I buy a 600k house 20 years from now is it going to be worth 1.4 mil? Uh no I
 
calvin natt said:
I used to think this was the way too. But what exactly does having your choice of president actually do for you when every. fucking. thing. He or she wants to get done is torpedoed by the Trumpers? Democrats have held power in all areas and have gotten ZILCH done to change anything substantial. There is no Democrat vs Republican where a “persuasive” activist president can have a shred of hope getting something done. They will get denied at every point. At this point the hope is probably a “Republican” who gets into office then has a wake up call and has influence over his party and actually wants to do good things. Which will happen never.
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Democrats couldn't torpedo Trump for 4 years. Imagine if Trump weren't a dunce?

We need a president who actually WANTS that change and is willing to do what it takes to make it happen.
 
Phatguysrule said:
Democrats couldn't torpedo Trump for 4 years. Imagine if Trump weren't a dunce?

We need a president who actually WANTS that change and is willing to do what it takes to make it happen.
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He/she can want all they want. But if he or she is going to be automatically stonewalled no matter what, it won’t matter what their wants are or how persuasive they are. You don’t think Biden or Obama “wanted” change?
 
jonnyboy said:
Probably true. It’s enough a challenge for average people to get ahead in life that by the time they reach the plateau of home ownership, or even getting out of debt for that matter, they are about out of steam to accomplish anything else.
As a person with an average middle class job who makes above the median income in this country, I’m still finding myself looking at the prospect of getting an llc and starting a side business, and probably working 7 days a week for the foreseeable future, all in hopes of making enough auxiliary income to afford a home that is modest at best.
Pretty sure it wasn’t always this way. I know total burnout old school tweeker dipshits who managed to buy land and a home in the 80’s and 90’s working low level labor jobs.
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Yep. Welcome to underregulated capitalism.
 
calvin natt said:
He/she can want all they want. But if he or she is going to be automatically stonewalled no matter what, it won’t matter what their wants are or how persuasive they are. You don’t think Biden or Obama “wanted” change?
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No, I actually don't. Never did. Maybe, MAYBE, Obama did at first, but certainly not Biden. Biden is basically Manchin, but dumber.

No Democrat uses the bully pulpit to push meaningful change. If they do, they push for the minimum, and settle for the republican scraps.
 
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