President Joe Biden - Kamala Harris Administration

[rekinhavoc]

Dept of homeland security at it's finest.

 

[RavinDave]

Dept of homeland security at it's finest.

Or how many jihadists

 

[ButchPlz]

I doubt we see the market tank anytime soon. My opinion is people are setting on what they have, why sell when you have a 3ish% mortgage unless you can turn around and pay cash for what your going into. Lack of inventory and institutional buyers will keep prices inflated for a while. Plus people have to have a place to live and with interest rates and prices where they are renting is probably more affordable than buying at the moment.

Down here in Roanoke the inventory isn't going up, but places are sitting...sitting...sitting...and we're seeing price drops. Before when my wife and I were looking in this area we couldn't get an offer in within 2 days because the sellers had already accepted one. Now, we're seeing houses in good neighborhoods sit for 2-3 months before getting offers.

I am hoping prices come down, but we'll see. We're ready to get out of DC but don't need anywhere to land for another year, so that's my runway.

 

[hog88]

Down here in Roanoke the inventory isn't going up, but places are sitting...sitting...sitting...and we're seeing price drops. Before when my wife and I were looking in this area we couldn't get an offer in within 2 days because the sellers had already accepted one. Now, we're seeing houses in good neighborhoods sit for 2-3 months before getting offers.

I am hoping prices come down, but we'll see. We're ready to get out of DC but don't need anywhere to land for another year, so that's my runway.

Seeing pretty much the same thing here around Nashville. Houses hit the market way over priced because their neighbor sold 2 years ago for x. Then they sit for a month or so, drop the price a little and boom it's sold.

 

[ButchPlz]

Seeing pretty much the same thing here around Nashville. Houses hit the market way over priced because their neighbor sold 2 years ago for x. Then they sit for a month or so, drop the price a little and boom it's sold.

There's a house right now, nicely renovated, pretty house, on sale in what is basically a lower class neighborhood (though not dangerous) for almost $400K. I keep saying "when did realtors forget their own mantra- location, location, location" to my wife.

The house might be worth $250K on the high end. The market is so weird.

 

[hog88]

There's a house right now, nicely renovated, pretty house, on sale in what is basically a lower class neighborhood (though not dangerous) for almost $400K. I keep saying "when did realtors forget their own mantra- location, location, location" to my wife.

The house might be worth $250K on the high end. The market is so weird.

We're looking for land and honestly we're being very particular because this will be our last house when we build. But land is sitting now, we've made some offers on ridiculously priced properties and people either just don't really want to sell or still have it in their heads it's 2021. Put an offer in on 30 acres, the guy has it priced right at $15k an acre which is crazy considering we'll have to run driveway, water and electric a little over half a mile to get to the property. But since a similar property (but had road frontage) nearby sold for that a couple years ago he won't budge.

 

[ButchPlz]

We're looking for land and honestly we're being very particular because this will be our last house when we build. But land is sitting now, we've made some offers on ridiculously priced properties and people either just don't really want to sell or still have it in their heads it's 2021. Put an offer in on 30 acres, the guy has it priced right at $15k an acre which is crazy considering we'll have to run driveway, water and electric a little over half a mile to get to the property. But since a similar property (but had road frontage) nearby sold for that a couple years ago he won't budge.

Same case here. We are also looking way out in the mountains for some land- far from everything, on gravel roads, needs all utilities and people are trying to sell at that same amount- $10-15K per acre. And they wonder why it sits for 6+ months with no offers.

I guess if they don't actually need the cash, some sucker may eventually come along.

 

[hog88]

Same case here. We are also looking way out in the mountains for some land- far from everything, on gravel roads, needs all utilities and people are trying to sell at that same amount- $10-15K per acre. And they wonder why it sits for 6+ months with no offers.

I guess if they don't actually need the cash, some sucker may eventually come along.

Have you looked in Floyd, Riner, Pilot Mountain? There is some land for sale at what looks like reasonable prices. Wouldn't have city water or sewer but..

 

[BreatheUT]

Dept of homeland security at it's finest.

These are the groups entrusted with our tax dollars. They wouldn't know how to find their heads if it wasn't attached.

 

[BreatheUT]

Seeing pretty much the same thing here around Nashville. Houses hit the market way over priced because their neighbor sold 2 years ago for x. Then they sit for a month or so, drop the price a little and boom it's sold.

I just can't see moving out of my house right now. We wanted to upgrade since we now work from home since covid but the market conditions are unfavorable. I have friends that bought homes for a little over $400-$450k now worth or costing $650k. Combine that will an interest rate from 3% to 8% and it's not a good move. Even of the interest rate goes up more, at some point all of this is unsustainable for the economy.

 

[ButchPlz]

Have you looked in Floyd, Riner, Pilot Mountain? There is some land for sale at what looks like reasonable prices. Wouldn't have city water or sewer but..

About as far out as we've looked is Bedford County, mainly because my mother in law doesn't like to drive at night and we want to be closer to my parents and my mother in law for when we have kids. I like Floyd a lot, but it's 45 minutes to an hour out.

 

[hog88]

About as far out as we've looked is Bedford County, mainly because my mother in law doesn't like to drive at night and we want to be closer to my parents and my mother in law for when we have kids. I like Floyd a lot, but it's 45 minutes to an hour out.

Understandable.

 

[GVF]

We're looking for land and honestly we're being very particular because this will be our last house when we build. But land is sitting now, we've made some offers on ridiculously priced properties and people either just don't really want to sell or still have it in their heads it's 2021. Put an offer in on 30 acres, the guy has it priced right at $15k an acre which is crazy considering we'll have to run driveway, water and electric a little over half a mile to get to the property. But since a similar property (but had road frontage) nearby sold for that a couple years ago he won't budge.

That's outrageous. Our land is appraised at 7800/acre, but it's also the same family land that was sold into the state park. so, the reamining parcels we hold surrounding the park have a good value. That's land appraisal only. Doesn't include the houses. But, being Jackson County and we have ag land tax, I only pay $550 on 43 acres. Gotta get outside the metro counties.

Average acreage price right now around the plateau (Jackson, Fentress, Pickett, Overton, Clay) running around $6K +-.

 

[hog88]

That's outrageous. Our land is appraised at 7800/acre, but it's also the same family land that was sold into the state park. so, the reamining parcels we hold surrounding the park have a good value. That's land appraisal only. Doesn't include the houses. But, being Jackson County and we have ag land tax, I only pay $550 on 43 acres. Gotta get outside the metro counties.

Average acreage price right now around the plateau (Jackson, Fentress, Pickett, Overton, Clay) running around $6K +-.

Wish I could live that far out from Gallatin.

 

[GVF]

Wish I could live that far out from Gallatin.

1 County East for you would make a huge difference and still keep you close to Gallatin. You're already in Sumner. Not sure if going further out of town would help though. But, Trousdale not too far to the east, and Macon is pretty accesible from Gallatin. We are in very SE Jackson County about 2 miles out of Putnam. That reduces simple things like a septic permit from over $1500 to $500-600. Far western JC will get you close to Carthage and Hartsville.

 

[hog88]

1 County East for you would make a huge difference and still keep you close to Gallatin. You're already in Sumner. Not sure if going further out of town would help though. But, Trousdale not too far to the east, and Macon is pretty accesible from Gallatin. We are in very SE Jackson County about 2 miles out of Putnam. That reduces simple things like a septic permit from over $1500 to $500-600. Far western JC will get you close to Carthage and Hartsville.

We're looking in Castalian Springs and western Trousdale county. We're being very picky as I said, it has to be the right parcel for us.

 

[ButchPlz]

I just can't see moving out of my house right now. We wanted to upgrade since we now work from home since covid but the market conditions are unfavorable. I have friends that bought homes for a little over $400-$450k now worth or costing $650k. Combine that will an interest rate from 3% to 8% and it's not a good move. Even of the interest rate goes up more, at some point all of this is unsustainable for the economy.

We've got a place in South America and are considering just getting something else abroad. We just got back from Spain, and with the euro and dollar being about even you can get a nice house in Valencia (beach) for $150K or a small apartment in the best areas in Madrid for the same amount. Plus the average interest rates there are 2-3%. We'd just need to make a 20% down payment.

The market here is just in ruins in my opinion.

 

[GVF]

We're looking in Castalian Springs and western Trousdale county. We're being very picky as I said, it has to be the right parcel for us.

New listing middle of Castilian, Bethpage, Hartsville triangle - 16 acres 150K. Not far enough east to get in my price range, but that's around 9400 for west trousdale. Not too bad.

 

[GVF]

We've got a place in South America and are considering just getting something else abroad. We just got back from Spain, and with the euro and dollar being about even you can get a nice house in Valencia (beach) for $150K or a small apartment in the best areas in Madrid for the same amount. Plus the average interest rates there are 2-3%. We'd just need to make a 20% down payment.

The market here is just in ruins in my opinion.

Expat in the making.

 

[ButchPlz]

Expat in the making.

No joke.

 

[hog88]

New listing middle of Castilian, Bethpage, Hartsville triangle - 16 acres 150K. Not far enough east to get in my price range, but that's around 9400 for west trousdale. Not too bad.

I'll look it up, thanks.

 

[PEPPERJAX]

We've got a place in South America and are considering just getting something else abroad. We just got back from Spain, and with the euro and dollar being about even you can get a nice house in Valencia (beach) for $150K or a small apartment in the best areas in Madrid for the same amount. Plus the average interest rates there are 2-3%. We'd just need to make a 20% down payment.

The market here is just in ruins in my opinion.

Good luck to ya buddy. I hope you find a terrific place.

 

[Rasputin_Vol]

 

[GVF]

I'll look it up, thanks.

listed by gene/harold carman - snake hollow road

MLS Grid #2585113

The red tag:

 

[ButchPlz]

Good luck to ya buddy. I hope you find a terrific place.

At this rate I'll be buying prime real estate in Uzbekistan.