It’s definitely a bubble. Trouble is knowing when the catalyst to deflate comes

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Nov 23, 2020
10:17:15pm

Big Daddy D Truly Addicted User

This message has been modified

Originally posted on Nov 23, 2020 at 10:17:15pm

Message modified by Big Daddy D on Nov 24, 2020 at 12:47:26pm

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Big Daddy D

Bio page: Big Daddy D
Joined: Jul 3, 2003
Last login: Apr 23, 2024
Total posts: 39,320 (3,705 FO)

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Messages

Author

Time

A modest tract home in Logan now goes for $650k? I’m ready to call this a bubble

Mrs Featerbottom

11/23/20 10:13pm

It’s definitely a bubble. Trouble is knowing when the catalyst to deflate comes

Big Daddy D

11/23/20 10:17pm

Agree. It’s completely bonkers these days to me.

cougfanz

11/23/20 10:17pm

30 year rates could be in the 1's in 2021

grosven

11/23/20 10:17pm

In what world is 4000 sq ft and a 3 car garage considered a modest home?

Pickett

11/23/20 10:18pm

The CB dentist world.

John Doe

11/23/20 10:21pm

Not this CB dentist. That's big.

unctoothman

11/23/20 10:36pm

TNT called for a Friday appointment and they just laughed at him

TNT

11/23/20 11:18pm

There’s not one tree, no deck or reasonable patio, and it’s a fishbowl.

Mrs Featerbottom

11/23/20 10:22pm

It's still 4000 sq ft of finished living space. That is not modest. It is

Pickett

11/23/20 10:25pm

I mean warehouse has plenty of living space. Doesn’t mean it has any quality.

Mrs Featerbottom

11/23/20 10:50pm

My thoughts exactly. That's an enormous house for the majority of America.

CougarTailDevourer

11/23/20 10:30pm

It’s big but low in quality and style

Mrs Featerbottom

11/23/20 10:35pm

It's not high-end, custom finishings but still plenty nice

D.T. Survivor

11/23/20 10:59pm

Agree. That’s a gorgeous house.

Penske Material

11/23/20 10:36pm

Doesn’t it bother you that they just slap stone on the front and not the sides?

Mrs Featerbottom

11/23/20 10:41pm

Come on. People can’t buy their way out of poor taste.

valleus

11/24/20 8:36am

This is an eternal truth

Mrs Featerbottom

11/24/20 9:03am

No, maybe I want to start with something plain and customize it how I like.

Penske Material

11/24/20 8:59am

it's the awesome landscaping that bumps up the value.

squidmark

11/23/20 10:18pm

Seriously, not a single tree on the property

Mrs Featerbottom

11/23/20 10:20pm

How many trees would salve your soul in this matter?

StarMan

11/23/20 10:25pm

I prefer a lot of greenery but apparently my taste is high brow

Mrs Featerbottom

11/23/20 10:30pm

Maybe? Utah is a desirable place. I would not be surprised to see higher prices

diluigifan

11/23/20 10:20pm

California has been that way for years. If people keep paying for them and

Garduno

11/23/20 10:20pm

I'm afraid it's just as likely that Utah has just been artificially cheap and we're starting to reach fair market value.

NihonCougar

11/23/20 10:24pm

I wouldn't say that's modest. 4k sq ft with lots of high end finishes. Not to mention you pay a bit of a premium

Pimpin4Paradise

11/23/20 10:24pm

$162 seems outrageous for that type of house.

Mrs Featerbottom

11/23/20 10:28pm

I definitely think we have a bubble. Sustained low rates will do that. The question is will this bubble pop or have

Pimpin4Paradise

11/23/20 10:30pm

Who? Californians. That’s who.

Jeff Spicoli

11/23/20 10:32pm

No bubble. Supply is low and will remain low until we get more houses built.

GoTeam

11/23/20 10:33pm

People are fleeing covid restricted states for open states like Utah, home

Lakerone

11/23/20 10:36pm

Is Utah open??

BkPolyDine

11/24/20 12:25am

My kids are all in school in north Utah county

Lakerone

11/24/20 6:59am

It wouldn't appraise for that. I wouldn't appraise it for that anyway. The

Undefeated

11/23/20 11:13pm

It’s 6/4, 4000 sq ft, nice finishes, 0.3 acres...

DocTerminus

11/23/20 11:26pm

Except the appraiser dude above said it isn’t market price

WDaddy

11/24/20 7:01am

Willing buyer and seller, each having knowledge of the marketplace, neither

StarMan

11/24/20 10:22am

Modest house? Whoa. We have crazy different definitions of that word.

nslcougar

11/24/20 4:30am

I see a 2100 sqft for $290k. New 2200sqft going for $350k. Seems reasonable.

valleus

11/24/20 8:34am

Old 2200 Sqft homes in Orem are going for 340k.There's not enough inventory in

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