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Jun 12, 2021
8:35
:32
am
panacablue
All-American
I just raised my UT Co house rent by 25% and found out I was a sucker as other
rentals went up 30-50% in the same neighborhood. All rented in less than a day.
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panacablue
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Longseason
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panacablue
Joined
Jul 18, 2010
Last login
Sep 3, 2023
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Messages
Author
Time
Is this the start of the Real Estate pullback?
grosven
6/12/21 7:57am
Maybe regionally? Doesn't look like a slow down in Utah County.
RSL
6/12/21 7:59am
I dunno. No one in my neighborhood can sell their house anymore. We had a few
Chefcurry
6/12/21 8:07am
I don't understand this. If they sell for outrageous prices
zerigke
6/12/21 8:48am
Might be moving to a different state or region where the relative scale
kos
6/12/21 8:52am
Probably asking way too much.
Shore10
6/12/21 8:51am
The fastest cure for high home prices is high home prices.
Corn
6/12/21 8:56am
My neighbor in Orem just sold his in 3 days for $815,000. Paid in the
O Gaucho
6/12/21 8:16am
Wow! Which area and how many sqft?
NihonCougar
6/12/21 8:50am
<< Deleted >>
O Gaucho
6/12/21 9:00am
Over the past 30 or so days I have seen a change. I think many are starting to
ordinary tri guy
6/12/21 8:01am
It’s not the selling that’s scaring people off but the replacement prospects. Gotta live some place.
Soupie
6/12/21 9:00am
Yep, ppl say can't sell if I can't buy. I spoke to someone yesterday who said..
ordinary tri guy
6/12/21 1:26pm
And in Utah, builders will only build spec b/c there's no telling how much costs will go up during the process.
Soupie
6/12/21 1:34pm
Yep. Homes are still selling but lots aren't winning to get on a bidding war.
Shore10
6/12/21 9:03am
Not if pension funds keep buying residential homes and renting them out in their
WDaddy
6/12/21 8:01am
If the price of housing goes up and the price of renting goes down
novacoug1
6/12/21 8:23am
I just raised my UT Co house rent by 25% and found out I was a sucker as other
panacablue
6/12/21 8:35am
Utah has unusual demand due to high birthrates 25-35 years ago and valleys that
novacoug1
6/12/21 8:42am
That's not how rent works. Rent never seems to go down.
Shore10
6/12/21 9:05am
I think more are hesitant to move/sell because they have no where to go
cougfanz
6/12/21 8:03am
It seems some who sold at ATH are now renting and waiting for a dip
USMCdad
6/12/21 8:16am
Lumber futures are down as well - looks like the demand is slowing some but I imagine will settle in and be moderately
molodyets
6/12/21 8:34am
Trying to time the market is hard and very few are able to do it
UVCoug
6/12/21 9:53am
I probably would have done this but my wife didn't want to move twice and
BrotherOfTheYear
6/12/21 12:40pm
Many people moved as they thought they could WFH indefinitely
novacoug1
6/12/21 8:55am
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