Housing bounce

#51
#51
I think we can survive the 15 Trillion, we just have to heavily cut the BS. Too many govt workers getting really sweet deals and their chairs are spinning at 4pm every day. I grew up in DC in the 80-90s and it was a tough town, since the 2000s when I go back every 6 months or so, I am blown away by the amount of money and constant construction.

Neighborhoods that were ground zero for the murder capital of the world that were just liquor stores and porn shops have been replaced with stadiums, condos and high end retail shops. Everyone is driving nice cars, its insane. Something has to be done but we cant even cut saturday service for the post office.

The thing that sucks with the housing market in ATL is that most homes have taken a beating and the schools have gotten worse too. What do you do? Send you kid to a crappy public school, spen $15K a year for grade school, or take a loss and buy a home in the best school district?

The lesson that I learned is to buy a home in the best school district, b/c there will always be buyers. We went with the trendy neighborhood thats close to restraunts/shopping/work and in the end, nobody cares about that
 
#52
#52
VolsNSkinsFan said:
I think we can survive the 15 Trillion, we just have to heavily cut the BS. Too many govt workers getting really sweet deals and their chairs are spinning at 4pm every day. I grew up in DC in the 80-90s and it was a tough town, since the 2000s when I go back every 6 months or so, I am blown away by the amount of money and constant construction.

Neighborhoods that were ground zero for the murder capital of the world that were just liquor stores and porn shops have been replaced with stadiums, condos and high end retail shops. Everyone is driving nice cars, its insane. Something has to be done but we cant even cut saturday service for the post office.

The thing that sucks with the housing market in ATL is that most homes have taken a beating and the schools have gotten worse too. What do you do? Send you kid to a crappy public school, spen $15K a year for grade school, or take a loss and buy a home in the best school district?

The lesson that I learned is to buy a home in the best school district, b/c there will always be buyers. We went with the trendy neighborhood thats close to restraunts/shopping/work and in the end, nobody cares about that
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Good point. One thing I learned years ago when buying property the 3 big things is 1. location 2. location 3. location. That applies to residential or commercial property.
Concerning residential, it is better to own the smallest home in a great neighborhood than to have the largest/nicest home in an average or below average neighborhood. People will always want in the better location.
 
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#53
#53
Gramps said:
Good point. One thing I learned years ago when buying property the 3 big things is 1. location 2. location 3. location. That applies to residential or commercial property.
Concerning residential, it is better to own the smallest home in a great neighborhood than to have the largest/nicest home in an average or below average neighborhood. People will always want in the better location.
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Could not agree more.
 
#54
#54
Gramps said:
Good point. One thing I learned years ago when buying property the 3 big things is 1. location 2. location 3. location. That applies to residential or commercial property.
Concerning residential, it is better to own the smallest home in a great neighborhood than to have the largest/nicest home in an average or below average neighborhood. People will always want in the better location.
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In Michigan, you can take your kids to pretty much any school, so that seems to be a bit less of an issue. I was surprised when I discovered that. They can't bus there, though, so you have to drive them.

The schools can turn folks away from out of district if their numbers get too bad, but right now it isn't a problem. Could be in about 5-10 years, though, based on rampant hiring here of 25-30 year-olds.
 
#55
#55
T-TownVol said:
One of the first houses I even purchased was in River North there in Macon. Was a pretty nice course 20 years ago, how is it now?
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Weve likely crossed paths then. I'm a member there now and I was playing there a ton 20 years ago. They've changed the name to Healy Pointe and sold it to the Cannongate group that manges course all over the Atlanta area.
 
#56
#56
GAVol said:
Weve likely crossed paths then. I'm a member there now and I was playing there a ton 20 years ago. They've changed the name to Healy Pointe and sold it to the Cannongate group that manges course all over the Atlanta area.
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My wife ran an audit crew for Charter long before they went bust. Charter paid for our membership. My wife and I ruled the couples friday afternoon alternate shot. She could hit a drive 250. The 18th there is one of my all time favorite holes. I was a marshall at the Nike Tour event there for two years.
I did not realize that Cannogate had bought it. I have several friends that have cannongate memberships and love it because of all the courses they get to play for cheap. There was an outfit out of Dallas that owned it back then and they had courses all over they South.
 
#57
#57
T-TownVol said:
My wife ran an audit crew for Charter long before they went bust. Charter paid for our membership. My wife and I ruled the couples friday afternoon alternate shot. She could hit a drive 250. The 18th there is one of my all time favorite holes. I was a marshall at the Nike Tour event there for two years.
I did not realize that Cannogate had bought it. I have several friends that have cannongate memberships and love it because of all the courses they get to play for cheap. There was an outfit out of Dallas that owned it back then and they had courses all over they South.
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Charter? Now there's an episode from Macon business history I haven't thought about in awhile. I've got a couple of friends that are old Fickling cronies that will still roll their eyes if you say "Charter" around them.

CCA sold the course to an individual who changed the name and then flipped it to Cannongate. It's now sort of a sister course with River Forrest, a newish course up above Forsyth. Other than a couple of design changes and some more homes, it's still the tight course you remember. And, yes, 18 is still as goofy as ever.
 
#58
#58
So we got a bid this weekend by a Gator Alum and of course we countered. So she countered this morning and wrote us a letter that is hilarious. First time home buyers crack me up

Here is a tip to all you first timers, let your bids do the talking. Dont waste your time thinking you can talk me into a deal with some sappy letter you wrote up after a bottle of wine.
 
#60
#60
VolsNSkinsFan said:
So we got a bid this weekend by a Gator Alum and of course we countered. So she countered this morning and wrote us a letter that is hilarious. First time home buyers crack me up

Here is a tip to all you first timers, let your bids do the talking. Dont waste your time thinking you can talk me into a deal with some sappy letter you wrote up after a bottle of wine.
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I would raise the price if someone tried to make it emotional.
 
#61
#61
GAVol said:
Charter? Now there's an episode from Macon business history I haven't thought about in awhile. I've got a couple of friends that are old Fickling cronies that will still roll their eyes if you say "Charter" around them.

CCA sold the course to an individual who changed the name and then flipped it to Cannongate. It's now sort of a sister course with River Forrest, a newish course up above Forsyth. Other than a couple of design changes and some more homes, it's still the tight course you remember. And, yes, 18 is still as goofy as ever.
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Fickling was the agency Charter hooked us up with. We made that agent some good commish on a buy then a sell in less than 12 months. (We could not get out of Macon fast enough, too small for us)
Club Corp, thats it. We transfered our membership from River North to a CCA owned course in Charlotte when we moved.
 
#62
#62
VolsNSkinsFan said:
So we got a bid this weekend by a Gator Alum and of course we countered. So she countered this morning and wrote us a letter that is hilarious. First time home buyers crack me up

Here is a tip to all you first timers, let your bids do the talking. Dont waste your time thinking you can talk me into a deal with some sappy letter you wrote up after a bottle of wine.
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congrats on the offer...
I'm still waiting...16 showings, no offer yet
 
#64
#64
vol_in_il said:
congrats on the offer...
I'm still waiting...16 showings, no offer yet
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16 showings, thats a good sign your house will catch a bid.

We just accepted the offer just in time to see the 10 year US T bonds hit their all time low of 1.65%

Pending New Home Sales was just released and they were down 5.5% with expectations of a 0.0% print
 
#67
#67
VolsNSkinsFan said:
16 showings, thats a good sign your house will catch a bid.

We just accepted the offer just in time to see the 10 year US T bonds hit their all time low of 1.65%

Pending New Home Sales was just released and they were down 5.5% with expectations of a 0.0% print
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congrats, still want to buy mine?
 
#68
#68
VolsNSkinsFan said:
16 showings, thats a good sign your house will catch a bid.

We just accepted the offer just in time to see the 10 year US T bonds hit their all time low of 1.65%

Pending New Home Sales was just released and they were down 5.5% with expectations of a 0.0% print
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i've got my fingers crossed at work today..
there's a showing from 10:00 to 11:00 today
 
#69
#69
vol_in_il said:
i've got my fingers crossed at work today..
there's a showing from 10:00 to 11:00 today
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if they are still at the house when 11:00 rolls around, it is a good sign they like it, it is the 10 minute "stroll through" that makes all the cleaning and crap you probably did last night not worth it and means that the buyers agent did not do their job well......good luck
 
#70
#70
VolsNSkinsFan said:
16 showings, thats a good sign your house will catch a bid.

We just accepted the offer just in time to see the 10 year US T bonds hit their all time low of 1.65%

Pending New Home Sales was just released and they were down 5.5% with expectations of a 0.0% print
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Congrats on selling your house.

I have a friend in the banking business that is telling me there will be another big round of forclosures hitting in June or July. Things do not look good.
 
#71
#71
BigPapaVol said:
anyone noticed what's happening with the "housing bounce" of late?
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It's almost like clockwork that when LG tells us about a trend, data comes out that "refudiates" it.

Pending Sales of U.S. Homes Decrease by Most in a Year - Bloomberg

The number of Americans signing contracts to buy previously owned homes fell in April by the most in a year, indicating the U.S. housing recovery remains uneven.
The index of pending home resales dropped 5.5 percent following a revised 3.8 percent gain the prior month, figures from the National Association of Realtors showed today in Washington. The median forecast of 42 economists surveyed by Bloomberg News called for no change in the measure.
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