The price of quality housing - Page 2

Masked · 05-23-2012, 04:55 PM

I also live in the South Bay, and have a ridiculous mortgage for a 4 bedroom / 3 bath house - at least it's a couple of thousand less now than it was when we first bought the house. While I love my neighborhood in San Jose, I would love to live in one of the nicer areas somewhat closer to my office in Palo Alto.

sterlingice · 05-23-2012, 08:59 PM

Quote:

Originally Posted by molson

No wonder my state is infested with Californians (I use that term lovingly, though the natives hate them).

Is it Idaho? I seem to remember talking to the Boise natives when I was there for training and they had that complaint

SI

sterlingice · 05-23-2012, 09:01 PM

About to move from a 3BR, 2.5 Bath, 2500 sqft home in Indy that we rented for $1250. We were going to live ina 3/2 2000' home for $1000 until the property management place called and said it was already leased out... after we had headed back to Richmond before moving so we went expensive since we were doing it sight unseen.

In Richmond, 2 years ago, it was $975 for a 3 BR/2 Bath 1400sqft apartment.

And, in Lawrence Kansas: $450 a month for a 2 BR/1 Bath college town apartment. But by the time we left, that was going for ~$600 per month until they demolished the place a year later.

SI

molson · 05-23-2012, 09:22 PM

Quote:

Originally Posted by sterlingice

Is it Idaho? I seem to remember talking to the Boise natives when I was there for training and they had that complaint

SI

Yup, Idaho. It's funny because there's many transplants in their 20s and 30s from all over the country here, but it's just the Californians that the natives have a problem with for some reason.

BishopMVP · 11-07-2024, 06:29 PM

Not sure if there was a more recent thread to bump but these numbers are absurd. Average age of homebuyers jumped from low 40's a decade ago to 49 in 2023 and is up at 56 now. Share of first time buyers dropped from 32 to 24% YoY and share of all cash buyers (which I assume is a lot of VC & foreign investment) rose from 20 to 26% https://www.cnbc.com/amp/2024/11/04/...hip-costs.html

Flasch186 · 11-07-2024, 07:47 PM

However the hedge funds are taking advantage of the new Realtor rules to make it almost impossible for FHA and VA buyers to compete with them. I guess that’s on the doj as they put their thumb on the scales of the court cases. The results of it has never been easier for the hedges to buy whatever they want without competition.

Sent from my iPhone using Tapatalk

JonInMiddleGA · 11-07-2024, 07:57 PM

When the thread bumped, I noticed a post of mine from 2012 was at the top of the page (with my settings for the board, ymmv)

So I looked for a comparison to that 2012 2br/1.5ba house in Monticello.

Currently, best I can tell, there are zero of that configuration available within a 15 mile radius.

Make of that whatever you will.

05-23-2012, 09:01 PM	#53
sterlingice Hall Of Famer Join Date: Apr 2002 Location: Back in Houston!	About to move from a 3BR, 2.5 Bath, 2500 sqft home in Indy that we rented for $1250. We were going to live ina 3/2 2000' home for $1000 until the property management place called and said it was already leased out... after we had headed back to Richmond before moving so we went expensive since we were doing it sight unseen. In Richmond, 2 years ago, it was $975 for a 3 BR/2 Bath 1400sqft apartment. And, in Lawrence Kansas: $450 a month for a 2 BR/1 Bath college town apartment. But by the time we left, that was going for ~$600 per month until they demolished the place a year later. SI __________________ Houston Hippopotami, III.3: 20th Anniversary Thread - All former HT players are encouraged to check it out! Janos: "Only America could produce an imbecile of your caliber!" Freakazoid: "That's because we make lots of things better than other people!"

11-07-2024, 06:29 PM	#55
BishopMVP Coordinator Join Date: Oct 2000 Location: Concord, MA/UMass	Not sure if there was a more recent thread to bump but these numbers are absurd. Average age of homebuyers jumped from low 40's a decade ago to 49 in 2023 and is up at 56 now. Share of first time buyers dropped from 32 to 24% YoY and share of all cash buyers (which I assume is a lot of VC & foreign investment) rose from 20 to 26% https://www.cnbc.com/amp/2024/11/04/...hip-costs.html Last edited by BishopMVP : 11-07-2024 at 06:29 PM.

11-07-2024, 07:47 PM	#56
Flasch186 Coordinator Join Date: May 2002 Location: Jacksonville, FL	The price of quality housing However the hedge funds are taking advantage of the new Realtor rules to make it almost impossible for FHA and VA buyers to compete with them. I guess that’s on the doj as they put their thumb on the scales of the court cases. The results of it has never been easier for the hedges to buy whatever they want without competition. Sent from my iPhone using Tapatalk __________________ Jacksonville-florida-homes-for-sale Putting a New Spin on Real Estate! ----------------------------------------------------------- Commissioner of the USFL USFL Last edited by Flasch186 : 11-07-2024 at 07:50 PM.

11-07-2024, 07:57 PM	#57
JonInMiddleGA Hall Of Famer Join Date: Nov 2000 Location: Behind Enemy Lines in Athens, GA	When the thread bumped, I noticed a post of mine from 2012 was at the top of the page (with my settings for the board, ymmv) So I looked for a comparison to that 2012 2br/1.5ba house in Monticello. Currently, best I can tell, there are zero of that configuration available within a 15 mile radius. Make of that whatever you will. __________________ "I lit another cigarette. Unless I specifically inform you to the contrary, I am always lighting another cigarette." - from a novel by Martin Amis

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