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| 11:24 PM | ||
| Users Online Now: 1,547 (Who's On?) | Visitors Today: 1,240,098 | |
| Pageviews Today: 2,174,760 | Threads Today: 818 | Posts Today: 16,414 |
| 11:24 PM | ||
Buying a house: They offered 100K over asking price and still rejected. | |
SafeandSound
(OP) User ID: 81103575  United States05/27/2022 01:16 AM  Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 82096152 United States05/27/2022 01:18 AM Report Abusive Post Report Copyright Violation | What does it take? Quoting: SafeandSound They waited 2.5 hours in line with their 1 year old for an open house. They spent 5 minutes looking at it and then told their time is up. They were rejected on 15 offers on houses, even with offering $100,000 over the asking price. Everyone who wants a house is in competition: writing their begging letters to the realtor, sending family videos to the sellers showing why they want the house, and offering to pay cash. Houses are being appraised for $300,000 but selling for $700,000. [link to www.khou.com (secure)] Maybe it's them |
| Anonymous Coward User ID: 75147420 United States05/27/2022 01:24 AM Report Abusive Post Report Copyright Violation | |
| SafeandSound
(OP) User ID: 81103575 United States05/27/2022 01:53 AM Report Abusive Post Report Copyright Violation | |
| SafeandSound
(OP) User ID: 81103575 United States05/27/2022 01:55 AM Report Abusive Post Report Copyright Violation | What does it take? Quoting: SafeandSound They waited 2.5 hours in line with their 1 year old for an open house. They spent 5 minutes looking at it and then told their time is up. They were rejected on 15 offers on houses, even with offering $100,000 over the asking price. Everyone who wants a house is in competition: writing their begging letters to the realtor, sending family videos to the sellers showing why they want the house, and offering to pay cash. Houses are being appraised for $300,000 but selling for $700,000. [link to www.khou.com (secure)] Maybe it's them It’s a great time to sell a house though. You’ll get a lot for it and probably in cash. |
| Anonymous Coward User ID: 83440522  Australia05/27/2022 02:00 AM Report Abusive Post Report Copyright Violation | What does it take? Quoting: SafeandSound They waited 2.5 hours in line with their 1 year old for an open house. They spent 5 minutes looking at it and then told their time is up. They were rejected on 15 offers on houses, even with offering $100,000 over the asking price. Everyone who wants a house is in competition: writing their begging letters to the realtor, sending family videos to the sellers showing why they want the house, and offering to pay cash. Houses are being appraised for $300,000 but selling for $700,000. [link to www.khou.com (secure)] Oh well someone offered more, someone wanted it more. THEY are not owed anything so what Is your point? And why bother mentioning their child, FFS If they did not even own a house why did they have the baby? |
| Dean Jenkins
User ID: 80453898 United States05/27/2022 06:06 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 79502322 United States05/27/2022 06:23 AM Report Abusive Post Report Copyright Violation | They got lucky because houses are going to drop like crazy as rates increase. Quoting: Anonymous Coward 83441545 Same for my wife and I. We dropped out of the market after offering a large amt above asking and being rejected we realized just how stupid it would be to over pay right before a crash. The bud we made was only 15,000 over but that’s not chump change. We have a house so we’re fine. We just wanted a change. |
| Anonymous Coward User ID: 71423417 United States05/27/2022 06:32 AM Report Abusive Post Report Copyright Violation | What does it take? Quoting: SafeandSound They waited 2.5 hours in line with their 1 year old for an open house. They spent 5 minutes looking at it and then told their time is up. They were rejected on 15 offers on houses, even with offering $100,000 over the asking price. Everyone who wants a house is in competition: writing their begging letters to the realtor, sending family videos to the sellers showing why they want the house, and offering to pay cash. Houses are being appraised for $300,000 but selling for $700,000. [link to www.khou.com (secure)] Its because there is a HUGE shortage of inventory available for sale. But actually there are empty homes everywhere if you just look! “Investors” own them and let them sit and appreciate like a stock. Too complicated to have renters in it. We should not allow single family homes to be used as investment vehicles. I know you purist market people will disagree but look where we are! . . The goobermint should have no say in what you do with the property you own. Fuck any codes, regulations or laws that interfere with my freedoms. If I want to let a property sit vacant, that is no one’s business. . . |
| Anonymous Coward User ID: 80365281 United States05/27/2022 07:01 AM Report Abusive Post Report Copyright Violation | |
| abeliever
Members User ID: 80274367 United States05/27/2022 07:10 AM  Report Abusive Post Report Copyright Violation | Didn't we go through this in the 80's and then we went through banks recalling the difference? People lost their homes as their mortgages were over value and couldn't pay off the cash to meet value. |
| Anonymous Coward User ID: 51908709 United States05/27/2022 07:15 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 34020290 United States05/27/2022 07:22 AM Report Abusive Post Report Copyright Violation | I bought my house for $50,000 10 years ago. The house 3 houses down my street sold for $207,000 2 months ago. Same size house on a smaller lot. I probably cou.d get $200,000 for my house if I sold it. But I won't. Ever. Quoting: Anonymous Coward 83431824 Why not? Why not? Because I could never afford to buy back into a similar home today.It is right(perfect) sized now that my kids are adults and living on their own. I 've added a separate garage out back on a slab for my motorcycle(s)and storage. And MOSTLY I'm not going into debt any more. House was paid off in 2008. Vehicles are paid off. |
| Slipknotz
User ID: 67957809 United States05/27/2022 07:53 AM  Report Abusive Post Report Copyright Violation | In central Tennessee, you have to AUCTION BID, for the subdivision lot, then talk about the house they will build. It is nuts here. Quoting: Flying Elvii In Detroit a shack is $150,000. Sells within days. I don’t know who’s buying these houses. Strawmen and shell companies. Americans have been suckers yet again.  |
| Anonymous Coward User ID: 81163459  Canada05/27/2022 08:19 AM Report Abusive Post Report Copyright Violation | Bought a house in Toronto in the early 2000s..159 thousand…sold it 5 years ago for 800…. My new place cost a million 90 minutes outta Toronto…but because I was in the game early my mortgage is only 150 gs I have no idea how on earth first time buyers can afford anything |
| Anonymous Coward User ID: 79256191 United States05/27/2022 08:23 AM Report Abusive Post Report Copyright Violation | In central Tennessee, you have to AUCTION BID, for the subdivision lot, then talk about the house they will build. It is nuts here. Quoting: Flying Elvii In Detroit a shack is $150,000. Sells within days. I don’t know who’s buying these houses. Same crowd who bid up Luna crypto to $ 100 a coin. |
| madddness
User ID: 80959836 United States05/27/2022 08:26 AM  Report Abusive Post Report Copyright Violation | |
| SafeandSound
(OP) User ID: 81103575 United States05/27/2022 01:26 PM Report Abusive Post Report Copyright Violation | I bought my house for $50,000 10 years ago. The house 3 houses down my street sold for $207,000 2 months ago. Same size house on a smaller lot. I probably cou.d get $200,000 for my house if I sold it. But I won't. Ever. Quoting: Anonymous Coward 83431824 Why not? Why not? Because I could never afford to buy back into a similar home today.It is right(perfect) sized now that my kids are adults and living on their own. I 've added a separate garage out back on a slab for my motorcycle(s)and storage. And MOSTLY I'm not going into debt any more. House was paid off in 2008. Vehicles are paid off. Those make sense. |
| SafeandSound
(OP) User ID: 81103575 United States05/30/2022 01:42 PM Report Abusive Post Report Copyright Violation | |
| SafeandSound
(OP) User ID: 81103575 United States05/30/2022 01:43 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 83469800 05/30/2022 01:52 PM Report Abusive Post Report Copyright Violation | What does it take? Quoting: SafeandSound They waited 2.5 hours in line with their 1 year old for an open house. They spent 5 minutes looking at it and then told their time is up. They were rejected on 15 offers on houses, even with offering $100,000 over the asking price. Everyone who wants a house is in competition: writing their begging letters to the realtor, sending family videos to the sellers showing why they want the house, and offering to pay cash. Houses are being appraised for $300,000 but selling for $700,000. [link to www.khou.com (secure)] Its because there is a HUGE shortage of inventory available for sale. But actually there are empty homes everywhere if you just look! “Investors” own them and let them sit and appreciate like a stock. Too complicated to have renters in it. We should not allow single family homes to be used as investment vehicles. I know you purist market people will disagree but look where we are!  |
| Anonymous Coward User ID: 83469800 05/30/2022 01:55 PM Report Abusive Post Report Copyright Violation | What does it take? Quoting: SafeandSound They waited 2.5 hours in line with their 1 year old for an open house. They spent 5 minutes looking at it and then told their time is up. They were rejected on 15 offers on houses, even with offering $100,000 over the asking price. Everyone who wants a house is in competition: writing their begging letters to the realtor, sending family videos to the sellers showing why they want the house, and offering to pay cash. Houses are being appraised for $300,000 but selling for $700,000. [link to www.khou.com (secure)] Its because there is a HUGE shortage of inventory available for sale. But actually there are empty homes everywhere if you just look! “Investors” own them and let them sit and appreciate like a stock. Too complicated to have renters in it. We should not allow single family homes to be used as investment vehicles. I know you purist market people will disagree but look where we are! If you can’t evict for non payment then why rent in first place? State backs the renters and screws the owner. Well screw the State then thank you very much. The state needs to go after these people and charge penalty fees to get landlords their money. |
| Anonymous Coward User ID: 80644368 United States05/30/2022 01:57 PM Report Abusive Post Report Copyright Violation | Holy crap, this is awful. I’m a little eccentric, so if I had to, I’d guerilla-homestead off public lands trailer style. I’m currently having to take care of recently widowed mom and very sick wife, so I’m stuck renting from the government (property taxes and mortgage). I wish so much that I could disconnect from The System. God bless, OP. |
| Anonymous Coward User ID: 83469800 05/30/2022 01:59 PM Report Abusive Post Report Copyright Violation | Anybody who can't see the market has peaked deserve a good reaming. Quoting: Anonymous Coward 11402578 It looks more like flying into the side of a cliff than merely running off the end of the runway. These assholes that signed million dollar mortgages when they know they can’t afford it will stick it to everyone else. Watch, you’ll see. |
| Anonymous Coward User ID: 80112633 Canada05/30/2022 02:16 PM Report Abusive Post Report Copyright Violation | What does it take? Quoting: SafeandSound They waited 2.5 hours in line with their 1 year old for an open house. They spent 5 minutes looking at it and then told their time is up. They were rejected on 15 offers on houses, even with offering $100,000 over the asking price. Everyone who wants a house is in competition: writing their begging letters to the realtor, sending family videos to the sellers showing why they want the house, and offering to pay cash. Houses are being appraised for $300,000 but selling for $700,000. [link to www.khou.com (secure)] This only happens in hot real estate markets, where buyers outnumber available units for sale. Best to move to an area where things are more normally priced and available. |
| Wookiee
User ID: 80699843 United States05/30/2022 02:23 PM Report Abusive Post Report Copyright Violation | What does it take? Quoting: SafeandSound They waited 2.5 hours in line with their 1 year old for an open house. They spent 5 minutes looking at it and then told their time is up. They were rejected on 15 offers on houses, even with offering $100,000 over the asking price. Everyone who wants a house is in competition: writing their begging letters to the realtor, sending family videos to the sellers showing why they want the house, and offering to pay cash. Houses are being appraised for $300,000 but selling for $700,000. [link to www.khou.com (secure)] Its because there is a HUGE shortage of inventory available for sale. But actually there are empty homes everywhere if you just look! “Investors” own them and let them sit and appreciate like a stock. Too complicated to have renters in it. We should not allow single family homes to be used as investment vehicles. I know you purist market people will disagree but look where we are! If you can’t evict for non payment then why rent in first place? State backs the renters and screws the owner. Well screw the State then thank you very much.  Fuck renters Warning: JustSomeGuy_42 is a publicly confessed unvaxxed neophiliac . If the number 666 is considered evil. then technically, 25.8069758 is the root of all evil. |
| Wookiee
User ID: 80699843 United States05/30/2022 02:27 PM Report Abusive Post Report Copyright Violation | ... Quoting: Anonymous Coward 83396731 Its because there is a HUGE shortage of inventory available for sale. But actually there are empty homes everywhere if you just look! “Investors” own them and let them sit and appreciate like a stock. Too complicated to have renters in it. We should not allow single family homes to be used as investment vehicles. I know you purist market people will disagree but look where we are! If you can’t evict for non payment then why rent in first place? State backs the renters and screws the owner. Well screw the State then thank you very much. The state needs to go after these people and charge penalty fees to get landlords their money. Yeah, right. And who's going to enforce it? Judges? - Hell no. They'll enforce tax liens + interest + penalties, but rarely ever any back-rents and contractually agreed late payments + interest?? HA! No way. Warning: JustSomeGuy_42 is a publicly confessed unvaxxed neophiliac . If the number 666 is considered evil. then technically, 25.8069758 is the root of all evil. |
| Anonymous Coward User ID: 83167726 United States05/30/2022 02:32 PM Report Abusive Post Report Copyright Violation | Selling the house that I bought for $240k in Hope Mils NC for $370k Quoting: Crypto Monk I didn’t agree with the price but my real estate agent that is a family friend of over a decade insisted that when we move we are going to get shafted as well She gets $18k for signing a few papers though I am going to Los Angeles so my profit will be quickly depleted Do you have a third mistake planned? |
| Anonymous Coward User ID: 83469800 05/30/2022 02:36 PM Report Abusive Post Report Copyright Violation | What does it take? Quoting: SafeandSound They waited 2.5 hours in line with their 1 year old for an open house. They spent 5 minutes looking at it and then told their time is up. They were rejected on 15 offers on houses, even with offering $100,000 over the asking price. Everyone who wants a house is in competition: writing their begging letters to the realtor, sending family videos to the sellers showing why they want the house, and offering to pay cash. Houses are being appraised for $300,000 but selling for $700,000. [link to www.khou.com (secure)] This only happens in hot real estate markets, where buyers outnumber available units for sale. Best to move to an area where things are more normally priced and available. It’s happening everywhere. I saw a post about Detroit, of all places, many used to call it detoilet. |
| Anonymous Coward User ID: 72820117 United States06/09/2022 05:11 AM Report Abusive Post Report Copyright Violation | House inventory is increasing with the increased mortgage rates. Look it up. All the realtor organizations are seeing that. I'm seeing that in my area, although the house prices still remain ridiculously high because we're in a bubble. That will change soon. At some point the bubble will pop and the prices will crash. It's inevitable. When that happens expect a lot of foreclosures. Quoting: Anonymous Coward 79844292 The housing market is always slow to react but when it reacts it sends massive ripples throughout the economy. Think 2008. Man I can’t even get out of the 2008 pothole. I’m not ready for a sinkhole. You know what put you in that hole? Demanding a 4500 dollar ring and also you forgetting to pay taxes. No pity party for you! Nein! Haha |
