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Mar 18, 2022
11:07
:50
pm
grosven
All-American
I am a definite optimist. Our best days are ahead.
All bubbles pop always. This bubble will pop. Usually overdoes it on the way down.
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grosven
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grosven
Joined
Aug 13, 2009
Last login
Jun 17, 2024
Total posts
13,304 (41 FO)
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Messages
Author
Time
Update on trying to buy a home in Utah
Julius Pepperwood
3/18/22 2:34pm
We ended up buying a nicer home in a less desirable zipcode. All our offers
Kauai
3/18/22 2:41pm
Where are you looking to buy?
Ikuna
3/18/22 2:41pm
SL County mainly, with Lehi
Julius Pepperwood
3/18/22 2:48pm
Our neighbors house is going on the market next month I believe, in Saratoga Springs.
BlueBlood94
3/18/22 3:10pm
What exactly do you mean by "in Utah"?
VeryGerry
3/18/22 2:41pm
Yeah - Happy Wife = Happy Life
Julius Pepperwood
3/18/22 2:48pm
There's a lot of townhomes being built in Saratoga Springs & Eagle Mtn
RockyBalboa
3/18/22 3:16pm
I disagree with that trope.
Bovine University
3/18/22 3:18pm
I know this has been repeated a bunch.. and its not super helpful for your case
cougfanz
3/18/22 2:45pm
Absolutely bail on Utah. A lot of great places to live
TNT
3/18/22 3:10pm
Thanks Joe 😊
GA_Coug
3/18/22 2:45pm
Really is just stupid - bought our townhome in 2020 for $270k
wannnacruise
3/18/22 2:47pm
This happened to a friend of mine in Lehi
Julius Pepperwood
3/18/22 2:49pm
The federal reserve destroyed the little guy. What happened is tragic.
Backcountry
3/18/22 2:59pm
Rent and wait - prices should cool down eventually. Housing is cyclical.
Abe Froman
3/18/22 3:07pm
I dont think so. Wages are just gonna have to catch up. Imo.
Backcountry
3/18/22 4:09pm
I agree, but the drop can cone from inflation instead of dropping prices
Spine
3/18/22 11:10pm
As much as it feels like it will always be like this, it won't. This ends in
grosven
3/18/22 4:56pm
There are some pretty big differences from now and 2008
Julius Pepperwood
3/18/22 5:17pm
Price is one reason inventories are low. No one wants to find something in this
dtownCoug
3/18/22 5:28pm
Ask yourself if you can live with a 50% decline in the value of your home
grosven
3/18/22 6:22pm
I agree with a lot of what you say but not the Fed being serious about inflation
johnnybyu
3/18/22 10:47pm
Housing prices have never dropped 50%.
chivo
3/19/22 9:06am
I bet Detroit and quite a few mining towns have seen those drops.
Shore10
3/19/22 9:24am
Well, I don't think Holliday is 2008 Detroit, but even then
chivo
3/19/22 3:46pm
This just isn't sustainable.
VACOUGFAN
3/18/22 5:02pm
My in-laws recently bought their first home
BYU Fan
3/18/22 5:03pm
Shades of 2007/8. History doesn't repeat but it rhymes.
grosven
3/18/22 5:09pm
Agree on history but this is more like the 70s than 2008. It is going to be
johnnybyu
3/18/22 10:51pm
I am a definite optimist. Our best days are ahead.
grosven
3/18/22 11:07pm
We are in for a bumpy ride with stagflation. We are going to have a recession
johnnybyu
3/18/22 11:19pm
I might have a solution
byubryce
3/18/22 5:37pm
Ask your realtor about adding an escalation clause into your offer
Traveling Coug
3/18/22 6:13pm
I don't they even put in offers without escalation clauses anymore. SOP now.
Kauai
3/18/22 7:42pm
I think it was Homie that announced a new financing program where they basically
OldFogey
3/18/22 6:26pm
I just went under contract on the first home offered on in the Seattle area.
Tim Riggins
3/18/22 8:26pm
Move 🙂 I grew up in Utah and love it there but it is just not sustainable for
Cougphysio
3/18/22 8:47pm
Where did you guys go?
Kolipoki
3/18/22 8:49pm
We moved to South Texas. Corpus Christi. It's coastal so we have the beach just
Cougphysio
3/18/22 9:12pm
It’s insane right now. We just went under contract on our starter home. After a
Tuskaloosa Cougar
3/18/22 10:10pm
At this rate, Utah will be a dust bowl in a few decades. I'd look elsewhere.
Shore10
3/19/22 7:12am
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