I guess if you are going to sell you better do it right now

Apr 7, 2021
3:02:53pm

byukarl Truly Addicted User

it's not going to get much better.

I know my parents have desired to reverse mortgage and now they are 50% LTV it's time to do it
before values go down again.

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byukarl

Bio page: byukarl
Joined: Apr 15, 2003
Last login: Apr 25, 2024
Total posts: 27,961 (687 FO)

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Messages

Author

Time

Here's what $625k gets you in Salt Lake now:

WhirleyPop

4/7/21 2:15pm

Very average

Creed Bratton

4/7/21 2:16pm

Looks nice actually, I'd pay 300 for it.

HingleMcCringleberry

4/7/21 2:16pm

Here's what it gets you in Denver:

Mister P

4/7/21 2:19pm

I know the price is high. But that's over 2k square feet and 1/4 acre.

Adrielle

4/7/21 2:20pm

1/4 acre is a big deal now

RealSimsShadY

4/7/21 2:22pm

they are counting the below ground square footage too. Below ground doesn't

Mayor of Cougartown

4/7/21 3:21pm

Shower is made for hobbits. So much money for that house.

Ycrazy

4/7/21 2:20pm

Here's Compton:

Not Even Close

4/7/21 2:23pm

The key locked pantry is a nice touch.

Corn Pop

4/7/21 2:55pm

Does the unrefrigerated Mayo come with the house too?

Tesla Coug

4/7/21 3:27pm

Inflation, It’s a real thing

flyzag

4/7/21 2:27pm

Real estate bubbles popping. It's a real thing.

SierraCoug

4/7/21 2:39pm

It's going to do so.. despite what some say in that industry

byukarl

4/7/21 2:43pm

I think the foreclosure moratorium ending might be the trigger

Charles Darwin

4/7/21 2:47pm

I guess if you are going to sell you better do it right now

byukarl

4/7/21 3:02pm

What's going to pop? The loans are good this time. There's no bubble.

Shore10

4/7/21 3:05pm

not allowing foreclosures and DTI ratios are skyrocketing

byukarl

4/7/21 3:11pm

High DTI ratio doesn't bother people. It's the new norm.

Shore10

4/7/21 6:34pm

There are many reasons for bubbles. The tricky thing is that no one knows what really caused it until they pop. It was

vegasnative

4/7/21 4:12pm

I think the big difference this time will be the smaller homes, condo's/townhms,

RealSimsShadY

4/7/21 3:06pm

This is my thinking as well. The low supply is ridiculous. Any time any open

Jay_L

4/7/21 3:11pm

same talk back in 2007.. it had been quite a while before and adjustment

byukarl

4/7/21 3:14pm

Real Estate ALWAYS goes in cycles, some bigger than others. Been doing

cougar95

4/7/21 3:35pm

I don't even think inflation has kicked in yet. It's going to be extremely ugly.

Shore10

4/7/21 3:09pm

Exactly. It is just inflation.

septicpumper

4/7/21 6:19pm

It's not just inflation. It's also a mass migration from the coasts.

Shore10

4/7/21 6:40pm

Here's what you get in Reno for $500k. Make sure to check interior photos.

SierraCoug

4/7/21 2:27pm

Elegant finish work

Big Daddy D

4/7/21 2:30pm

That's called open concept

Salami Karate

4/7/21 2:33pm

Talk about needing a Reno-vation!

jordbyu

4/7/21 7:13pm

Here's what it gets you in Springfield Mo

bigbluecougar

4/7/21 2:31pm

Here's what $525k gets in my neck of the woods

sethj250

4/7/21 2:32pm

Maybe it is time to move to Missouri

byukarl

4/7/21 2:36pm

Just wait until we all have to go East. Maybe we should buy now.

Captain Rex

4/7/21 4:47pm

Yeah, but Cameron MO is a nasty place. 😉

El Fuego

4/7/21 7:53pm

That’s an argument for me to stick with the general area I’m in...

hamaca

4/7/21 2:38pm

This makes me so sad... Affording places is difficult.

Jay_L

4/7/21 2:41pm

or plan on moving to a new state where it's not as expensive

byukarl

4/7/21 2:44pm

Yes but many careers you have to live near bigger cities. Sure young people can

Jay_L

4/7/21 2:53pm

lot more work from home positions at big companies.. maybe that will continue

byukarl

4/7/21 3:03pm

I certainly hope so but it could happen that old habits die hard and people just

Jay_L

4/7/21 3:05pm

Ugh. Here's what you get in Vegas for the same price.

Archaea

4/7/21 2:43pm

geeze, even in Vegas much better value then Utah..

byukarl

4/7/21 2:44pm

Yeah, but you have to live in Vegas. Ick.

RockyBalboa

4/7/21 2:51pm

True.. but dang man.. that house in the OP is a piece of crap

byukarl

4/7/21 3:03pm

Vegas is far better than Utah. Utah has great nature, lousy society.

Archaea

4/9/21 11:48am

We're both biased for obvious reasons. My feelings are Vegas

RockyBalboa

4/9/21 11:51am

I never really understand this. People say it all the time and before I lived in

Not Even Close

4/9/21 12:39pm

10 bedrooms?!?!?!?! Wow!

TNT

4/7/21 3:08pm

Want bang for your buck? Check this out in Houston . . .

El Paso Coug

4/7/21 2:44pm

That's a nice house.

byujacob

4/7/21 2:50pm

no chance I would buy that home, it's in an area that has flooded

Cougero

4/7/21 3:21pm

That's not even that nice a neighborhood compared to some area's in Salt Lake Co

byukarl

4/7/21 2:46pm

5 bedrooms and 3 baths? That house must have walls very close to each other.

Lance71

4/7/21 2:48pm

That prob goes 1.8m in San Jose

Mitty

4/7/21 2:52pm

Way more. Just sold moms house in South San Jose, 1800 sf fixer upper, 4 bed 3

cougar95

4/7/21 3:17pm

I'd tell you guys to sell and move here but dang it, too many of y'all already

Corn Pop

4/7/21 2:57pm

Here's what that price range gets you in my neck of the woods

BYUMizzou

4/7/21 3:25pm

or you can get 80 acres with woods and a private creek

BYUMizzou

4/7/21 3:27pm

Or 50-100 acres in Tennessee with a decent house for $350k

cougar95

4/7/21 3:31pm

Wow--that is a sweet property. Crazy how cheap that seems these days ...

DC12

4/7/21 3:45pm

Any affordable places left along Wasatch front?

lasvegasute

4/7/21 3:30pm

Roosevelt

WhirleyPop

4/7/21 3:32pm

Isn’t that more like the Wasatch back?

Big Daddy D

4/7/21 3:48pm

The Wasatch Armpit

WhirleyPop

4/7/21 3:52pm

RE: Any affordable places left along Wasatch front?

hamaca

4/7/21 3:34pm

Rose Park?

RealSimsShadY

4/7/21 4:00pm

RE: Rose Park?

WhirleyPop

4/7/21 4:03pm

Nice house, but that's a no for me on the location.

lasvegasute

4/7/21 4:08pm

Meanwhile, in Eastern Kentucky

conflictedcoug

4/7/21 6:44pm

RE: Meanwhile, in Eastern Kentucky

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