House Prices...

[unsub073]

@ Terry... 60k over asking prize...wow I wish here in Jakarta it was like that! I have a house for sale since 2015 and am going to put my house we currently living in up for sale also in a few months. We started yesterday with building a shipping-container home (4 x 40ft HQ containers) as we want to live a little smaller and in a much better and safer location. Can't wait for it to be ready!

Pictures pictures pictures, when the time comes. Now that the kids are out, this sounds like a fun downsize.

Will do, Mike. Fun project indeed!

I am looking forward to see that in progress.

[demer03]

Come to MI boys. At least for 3/4 of the year .

[dnslater]

Come to MI boys. At least for 3/4 of the year .

My wife and I may actually retire there.... We are both a little odd.

[demer03]

Come to MI boys. At least for 3/4 of the year .

My wife and I may actually retire there.... We are both a little odd.

Haha. Fit right in

[River Rat]

Now talking Calif. the republicans wanted the democratic Gov. gone in a recall. Every time they do that they end up worse off and no different like the time I was stupid enough to sign the petition and got Arnold Schwarzenegger in we were no better off. This time republicans will get Bruce Jenner that don't go by that name any more now that's some funny shit you can't make that up. Think they would of learned from Arnold Schwarzenegger it's going to back fire on them. From that lesson with Arnold if I was still living in Calif. I would of left well enough alone and not signed that recall petition you all ways end worse off than before. Actors and famous people never do a good job in politics.

[demer03]

Opinions vary

[kfalk]

Sent from my iPhone using Tapatalk

[hoppyjr]

Come to MI boys. At least for 3/4 of the year .

Move there for the snow, stay because Governor Whitmer won’t let you leave.

[demer03]

Come to MI boys. At least for 3/4 of the year .

Move there for the snow, stay because Governor Whitmer won’t let you leave.

Ugh....we’ll get ‘ol Gretch out before you get here

[hoppyjr]

Come to MI boys. At least for 3/4 of the year .

Move there for the snow, stay because Governor Whitmer won’t let you leave.

Ugh....we’ll get ‘ol Gretch out before you get here

What?! Maybe I want a bitchy-wife type Governor to tell me what to do. Don’t bitch block me!

[JP Chestnut]

Come to MI boys. At least for 3/4 of the year .

Move there for the snow, stay because Governor Whitmer won’t let you leave.

Ugh....we’ll get ‘ol Gretch out before you get here

Just don’t replace her with Arnold.

I liked SE Michigan better than Upstate NY. It’s much prettier here but the cost of living (eg, taxes) is total shit and you get much less personal freedom in return. I’d trade Gretchen Witless for the gun banning sex pest grandma killer any day.

[Selym]

gun banning sex pest grandma killer

If I get back into playing music, do I have your permission to use this as my band name?

[JP Chestnut]

gun banning sex pest grandma killer

If I get back into playing music, do I have your permission to use this as my band name?

You bet.

[Steve O.]

This home just sold in our neighborhood for 45K above list. My wife and I have been thinking about selling, but as someone pointed out, you'll just have to pony up big bucks for something new. I'm amazed at how much prices have increased in the three years that we've been here. We wouldn't be able to afford to buy in our neighborhood now.

https://www.realtor.com/realestateandho ... 4856-24379

[BlueSky]

Obviously moot in many cases, but I don't get lenders/appraisers, the numbers in general, regarding loans on these properties.

[BlueSky]

There's an inherent problem with downsizing in some markets. Namely, the quality and location. Smaller SF products don't necessarily afford one those options or don't exist.

[Steve O.]

This home just sold in our neighborhood for 45K above list. My wife and I have been thinking about selling, but as someone pointed out, you'll just have to pony up big bucks for something new. I'm amazed at how much prices have increased in the three years that we've been here. We wouldn't be able to afford to buy in our neighborhood now.

https://www.realtor.com/realestateandho ... 4856-24379

Downsizing could be an option in your case.
You still own a house but you cash out at high prices.
See for example the house you linked to: who needs 5800sqf?
I can’t possibly think of a reason why one would need more than 1500-2000sqf for a family of four (barring special needs)

Our home is a nearly 3,000 sqft. ranch. It was built for my late father who passed away two months after he moved in. We bought it from his estate for a variety of reasons, one of which was that we would have lost our ass had we sold it then. Although it has nothing to do with "need", when we sell, we plan to roll the cash into something smaller.

[JP Chestnut]

When sentiment is involved all else is irrelevant.
My parents are in a similar situation, they own a lakefront apartment of 1800 sqf, which is uselessly big (Italians have smaller homes, the avg size for a family of three is 900sqf) for them since they now live alone, but it was purchased by my grandparents who both passed in a car accident few months before moving in.
My dad would not sell that place for 100 million usd.

I think a lot of house size has to do with weather. When it’s fucking cold and grey outside for five months I need to have some moving around space indoors.

[HapaHapa]

Could be, but it’s cold elsewhere in the world and 5000sqf houses for the middle class are an American thing only.
For most people across the west 2000sqf for a family of four qualifies as “very, very big”.
I’m not questioning people’s choices with money, I was just trying to suggest a way of taking advantage of the huge price spikes lately.

Downsize in high markets / upsize in down markets is what I would do.

2000 sqf? Where would I put all my junk? Need more space to pile stuff. You must mean 2000 sq meters.

[JBZ]

This home just sold in our neighborhood for 45K above list. My wife and I have been thinking about selling, but as someone pointed out, you'll just have to pony up big bucks for something new. I'm amazed at how much prices have increased in the three years that we've been here. We wouldn't be able to afford to buy in our neighborhood now.

https://www.realtor.com/realestateandho ... 4856-24379

Downsizing could be an option in your case.
You still own a house but you cash out at high prices.
See for example the house you linked to: who needs 5800sqf?
I can’t possibly think of a reason why one would need more than 1500-2000sqf for a family of four (barring special needs)

Our home is about 2,200 square feet, which is absolutely fine for a family of four. But I can tell you as someone who comes from the land of McMansions and who used represent developer clients who sold them, “need” has got nothing to do with it.

[Ryeguy]

Could be, but it’s cold elsewhere in the world and 5000sqf houses for the middle class are an American thing only.
For most people across the west 2000sqf for a family of four qualifies as “very, very big”.
I’m not questioning people’s choices with money, I was just trying to suggest a way of taking advantage of the huge price spikes lately.

Downsize in high markets / upsize in down markets is what I would do.

While I’ll agree the “small living space” thing is very European, I think the reason is simply due to population density/ land availability versus North America.

It isn’t like large private homes don’t exist in Western or Central Europe. It simply takes more wealth to afford one relative to other areas.

My European colleagues who move to the USA seem to rapidly adapt to 3,000sf homes.

I’ll also agree with our esteemed member Jeff. “Need” really has little to do with it.

[JP Chestnut]

Could be, but it’s cold elsewhere in the world and 5000sqf houses for the middle class are an American thing only.
For most people across the west 2000sqf for a family of four qualifies as “very, very big”.
I’m not questioning people’s choices with money, I was just trying to suggest a way of taking advantage of the huge price spikes lately.

Downsize in high markets / upsize in down markets is what I would do.

I'm not arguing with you and your input is always interesting. However, I'm not sure that I'd count a $500K house in Georgia as middle class. My house is more like 3,500 sq feet, cost $100k less, and is in NY state. I'm in the top 10% of earners.

With that said, if I were single I'd live in a Condo, and own a huge collection of sports cars housed in a nondescript industrial warehouse somewhere.

[demer03]

, and own a huge collection of sports cars housed in a nondescript industrial warehouse somewhere.

Weird....same daydream here

[JP Chestnut]

, and own a huge collection of sports cars housed in a nondescript industrial warehouse somewhere.

Weird....same daydream here

This is the dream


Or maybe

[gwells]

Could be, but it’s cold elsewhere in the world and 5000sqf houses for the middle class are an American thing only.
For most people across the west 2000sqf for a family of four qualifies as “very, very big”.
I’m not questioning people’s choices with money, I was just trying to suggest a way of taking advantage of the huge price spikes lately.

Downsize in high markets / upsize in down markets is what I would do.

I'm not arguing with you and your input is always interesting. However, I'm not sure that I'd count a $500K house in Georgia as middle class. My house is more like 3,500 sq feet, cost $100k less, and is in NY state. I'm in the top 10% of earners.

With that said, if I were single I'd live in a Condo, and own a huge collection of sports cars housed in a nondescript industrial warehouse somewhere.

yeah, 5k sf around me is still $1m plus. my 1400sf starter home is $600k.

sadly, the neighborhoods i like have been mostly infilled with 4000-6000sf teardown/rebuilds. but on lots designed for 1500-2000, so the yards aren't proportional. so even if i wanted to move into them, i wouldn't find a house the size i want (2500-3000 is max for us).