Real Estate Madness - Page 2

gingerstar61 · 02-27-2005, 06:06 PM

Its the same problem in britain, my boyfriend and I are looking for our first house and its shocking how house prices have shot up.

http://www.vebra.com/home/includes/v...20&pid=9026805

That house is it not a particularly brilliant area and has only got 2 beds, its selling for £74,000, the equivalent to about $143,000 (?correct me if I'm wrong)

Its quite depressing, feels like us first time buyers will never get our foot on the property ladder.

Clodfobble · 02-27-2005, 06:26 PM

Location, location, location. I live in a city with some very reasonably priced areas (which are not "bad" areas of town by any means) and some of the most absurdly over-priced zip codes as well--2 bedroom/1 baths that are 45 years old, selling for $300,000 or more.

We chose to live in one of the reasonably-priced areas, instead of the areas that everyone talks about having "character." House prices are still at perfectly good levels in many places: in the less chic and/or more rural areas. Ain't nothin' wrong with living in those places.

FloridaDragon · 02-27-2005, 08:55 PM

Same thing on this side of FL Kit. We left in 2000 for CT and when we came back last August the places (plural as my girlfriend sold her condo and I sold a house) had almost tripled in price. We bought high and I really wish we had bought even more. Plan on keeping it a couple years (get past the capital gains rules) and see what else we can get further inland perhaps. The same model of house we live in is for sale down our street and the price is already almost $90k higher than SIX MONTHS ago we we bought. How can kids these days buy a house?

BigV · 02-28-2005, 04:54 PM

This is like being on a guided tour with The-Most-Infomed-Real-Estate-Agent-In-The-Universe while riding around in the chartered Hubble Telescope, turned around for my benefit. I could find specific properties, see pictures inside and out, see the prices that the property has sold for in the past. /shivers/ It got to be a little creepy after a while.

I found my house, and all the houses in my neighborhood that are for sale, and ones that have recently sold. I got a whirlwind tour of the whole area. I especially liked finding property with 180deg water views, for a "reasonalble" price. Til I found out it's on a sliding hillside and has been condemded. And the estimate for stabilizing the hillside is about two and a half times the asking price of the property. I especially liked the all caps warning to NOT ENTER THE PROPERTY - IT IS A HAZARD!!

A hazard to my wallet as well. Great fun and a technical tour-de-force. Check it out.

update--My G*d. 3823 17 AV SW is $185K, for ONE bedroom and NO baths comprising 823 sq ft, in a solidly industrial section of town. Do you have to walk to the truck stop to take a leak?

richlevy · 02-28-2005, 05:05 PM

I loved this listing

Quote:

$149,950 180'Panoramic Views of the Sound & Mtns,Great Property,Maybe MILLION $$+ WHEN COMPLETE.difficult to develop on Critical,Steep Slope,Slide area.House sits on Blocks on Property&has already slid.Estimates to stablize Site&install Foundation in the $400,000.00 Range.All Reports are at the City in Expired Building permitt#713930,project #2004089.All Documentation are at city.Review this information before submitting offer.Go to the 20th Flr Key Tower 5th&Columbia.DO NOT ENTER PROPERY.IT IS A HAZARD!

Kitsune · 02-28-2005, 05:51 PM

Hah! Can you post a link directly to that listing, richlevy?

BigV · 02-28-2005, 06:07 PM

Click here and then choose show properties. Red marks the spot.

Kitsune · 02-28-2005, 06:10 PM

Ah, all the postdata is lost when you pass the URL to me. Stupid webapp.

BigV · 02-28-2005, 06:18 PM

images.redfin.com/flash/map.swf?SubNavClicked=FindHousesForSale&configxml=http%3A%2F%2Fwww.redfin.com%2Fstingray%2Fgisconfig.xml.jsp

does this help?

Clodfobble · 03-01-2005, 09:25 AM

update--My G*d. 3823 17 AV SW is $185K, for ONE bedroom and NO baths comprising 823 sq ft, in a solidly industrial section of town. Do you have to walk to the truck stop to take a leak?

It's probably a half-bath, a toilet and maybe shower but no actual bathtub.

wolf · 03-02-2005, 01:01 AM

My guess would be a multi-purpose bucket in the corner of the living room.

FloridaDragon · 03-03-2005, 09:14 PM

another example over on our side of the coast of FL....there is an area in Royal Palm Beach called the acreage which is really reclaimed swamp. About 15 years ago when I moved to this area you could pick up fairly dry 1.25 acre lots out there for 10k...ones that needed a lot of fill for as low as 3k. Looked earlier this evening and the cheapest lot (assume it is underwater) out there is now 176k. Absolutely unbelieveable.

02-27-2005, 06:06 PM	#16
gingerstar61 Eavesdropper Join Date: Feb 2005 Location: England Posts: 24	Its the same problem in britain, my boyfriend and I are looking for our first house and its shocking how house prices have shot up. http://www.vebra.com/home/includes/v...20&pid=9026805 That house is it not a particularly brilliant area and has only got 2 beds, its selling for £74,000, the equivalent to about $143,000 (?correct me if I'm wrong) Its quite depressing, feels like us first time buyers will never get our foot on the property ladder. __________________ You're only young once, but you can be immature forever.

02-28-2005, 04:54 PM	#19
BigV Goon Squad Leader Join Date: Nov 2004 Location: Seattle Posts: 27,063	Wanna see a neat trick? This is like being on a guided tour with The-Most-Infomed-Real-Estate-Agent-In-The-Universe while riding around in the chartered Hubble Telescope, turned around for my benefit. I could find specific properties, see pictures inside and out, see the prices that the property has sold for in the past. /shivers/ It got to be a little creepy after a while. I found my house, and all the houses in my neighborhood that are for sale, and ones that have recently sold. I got a whirlwind tour of the whole area. I especially liked finding property with 180deg water views, for a "reasonalble" price. Til I found out it's on a sliding hillside and has been condemded. And the estimate for stabilizing the hillside is about two and a half times the asking price of the property. I especially liked the all caps warning to NOT ENTER THE PROPERTY - IT IS A HAZARD!! A hazard to my wallet as well. Great fun and a technical tour-de-force. Check it out. update--My Gd. 3823 17 AV SW is $185K, for ONE bedroom and NO baths comprising 823 sq ft, in a solidly industrial section of town. Do you have to walk to the truck stop to take a leak? __________________ Be Just and Fear Not. Last edited by BigV; 02-28-2005 at 04:58 PM.*

02-28-2005, 06:07 PM	#22
BigV Goon Squad Leader Join Date: Nov 2004 Location: Seattle Posts: 27,063	try this Click here and then choose show properties. Red marks the spot. __________________ Be Just and Fear Not.

02-28-2005, 06:18 PM	#24
BigV Goon Squad Leader Join Date: Nov 2004 Location: Seattle Posts: 27,063	images.redfin.com/flash/map.swf?SubNavClicked=FindHousesForSale&configxml=http%3A%2F%2Fwww.redfin.com%2Fstingray%2Fgisconfig.xml.jsp does this help? __________________ Be Just and Fear Not.

03-02-2005, 01:01 AM	#26
wolf lobber of scimitars Join Date: Jul 2001 Location: Phila Burbs Posts: 20,774	My guess would be a multi-purpose bucket in the corner of the living room. __________________ wolf eht htiw og "Conspiracies are the norm, not the exception." --G. Edward Griffin The Creature from Jekyll Island High Priestess of the Church of the Whale Penis

02-27-2005, 06:26 PM	#17
Clodfobble UNDER CONDITIONAL MITIGATION Join Date: Mar 2004 Location: Austin, TX Posts: 20,012	Location, location, location. I live in a city with some very reasonably priced areas (which are not "bad" areas of town by any means) and some of the most absurdly over-priced zip codes as well--2 bedroom/1 baths that are 45 years old, selling for $300,000 or more. We chose to live in one of the reasonably-priced areas, instead of the areas that everyone talks about having "character." House prices are still at perfectly good levels in many places: in the less chic and/or more rural areas. Ain't nothin' wrong with living in those places.

02-27-2005, 08:55 PM	#18
FloridaDragon ... Maintaining .... Join Date: Sep 2004 Location: FireAnt Hell Posts: 196	Same thing on this side of FL Kit. We left in 2000 for CT and when we came back last August the places (plural as my girlfriend sold her condo and I sold a house) had almost tripled in price. We bought high and I really wish we had bought even more. Plan on keeping it a couple years (get past the capital gains rules) and see what else we can get further inland perhaps. The same model of house we live in is for sale down our street and the price is already almost $90k higher than SIX MONTHS ago we we bought. How can kids these days buy a house?

02-28-2005, 05:51 PM	#21
Kitsune still eats dirt Join Date: Sep 2003 Location: Tampa, FL Posts: 3,031	Hah! Can you post a link directly to that listing, richlevy?

02-28-2005, 06:10 PM	#23
Kitsune still eats dirt Join Date: Sep 2003 Location: Tampa, FL Posts: 3,031	Ah, all the postdata is lost when you pass the URL to me. Stupid webapp.

03-01-2005, 09:25 AM	#25
Clodfobble UNDER CONDITIONAL MITIGATION Join Date: Mar 2004 Location: Austin, TX Posts: 20,012	update--My Gd. 3823 17 AV SW is $185K, for ONE bedroom and NO baths comprising 823 sq ft, in a solidly industrial section of town. Do you have to walk to the truck stop to take a leak?* It's probably a half-bath, a toilet and maybe shower but no actual bathtub.

03-03-2005, 09:14 PM	#27
FloridaDragon ... Maintaining .... Join Date: Sep 2004 Location: FireAnt Hell Posts: 196	another example over on our side of the coast of FL....there is an area in Royal Palm Beach called the acreage which is really reclaimed swamp. About 15 years ago when I moved to this area you could pick up fairly dry 1.25 acre lots out there for 10k...ones that needed a lot of fill for as low as 3k. Looked earlier this evening and the cheapest lot (assume it is underwater) out there is now 176k. Absolutely unbelieveable.

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