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Forum » People just aren't selling their homes [real estate]
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Thread: People just aren't selling their homes [real estate]

post 1646973273 09-13-2021, 07:35 PM
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Originally Posted By dogorman7⏩
400 is on the lower side for SoCal lmao

Average is 500-700$ a month hoa
libtard premium. I bet a 700 sqft 1br condo costs 500,000 too or something insane

a burnt down house just sold for millions, like charred and only brick "Great opportunity to build from your imagination!"
post 1646973623 09-13-2021, 07:41 PM
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Originally Posted By miscHodor⏩
No way I would sell my house right now. It's not that I'm scared of covid, it's that I would be lucky to find another one to purchase in our area.
This. To sell now you need to have everything lined up.

House in ready to sell condition, that means you could have all your belongings packed and out within one day.

New home already purchased.

Put house for sale, hope it sells before you have to make more payments then you can afford.
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post 1646973643 09-13-2021, 07:41 PM
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I bought a house a few months ago, and it was the right choice IMO. I went from living in a congested suburb, to living on three acres where the closest house to mine is almost 500ft away, and at night you can see the starts if you look at the sky. It's super peaceful, though it is kinda creepy how dark it gets, as there are no street lights.

Here there are tons of houses for sale, and the market is very aggressive.
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post 1646974063 09-13-2021, 07:48 PM
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I really want to know who is buying them.

Lending standards are fooking stupid right now unless you're getting an FHA loan.

If you are getting an FHA loan, you're likely putting 3.5-5% down. RIP underwater homeowners if/when JPow is finally forced to raise interest rates.

For the conventional buyers, do that many people really have $100k+ cash lying around to put down on a 4 bedroom house? Doesn't make any sense.

I have a very strong feeling that buyers right now might be well qualified, but like your angoos under proudmanlet's peen, they are are also well stretched.

That sad thing is, people holding cash right now will likely be paying for these idiots' homes. We're living in a powder keg of too much debt that will eventually implode and JPow will gladly come to the rescue by printing us into hyperinflation.

TLDR People are likely overextending themselves and even a rise of 0.25% interest will cause the whole thing to blow. JFL@"this time is different. JFL@"well qualified" buyers. "Well qualified" today, but how long can they stay in their house if they lose their job?
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post 1646974243 09-13-2021, 07:52 PM
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Originally Posted By Azrairc⏩
Which brings the question, I've seen a lot of houses sitting that aren't pristine and usually they drop 10k for every month they sit

Are these sellers delusional or stubborn? I'd assume some investors shot them a fair deal over 2-3 month period
They're stubborn since most house that aren't pristine have been so overvalued and overbought that they can't fathom with reduced inventory and reduced demand why their piece of chit house will not sell for top DOLLAR the ONLY time you can sell a PIECE of chit house is during a time like we just experienced it's NEAR impossible to sell a property now if you haven't been upgrading it and maintaining it the past couple years DED fooking SRS.
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post 1646974993 09-13-2021, 08:04 PM
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Originally Posted By Azrairc⏩
libtard premium. I bet a 700 sqft 1br condo costs 500,000 too or something insane

a burnt down house just sold for millions, like charred and only brick "Great opportunity to build from your imagination!"
When I first moved out here you could get a nice decent but humble sized 1bdrm a few blocks from the beach for 350-400k$ But now run down 1bdrm former section 8 housing condos are 500k

You will get nothing but a micro 300sqft loft of a condo downtown for sub 500k in San Diego proper but those have outrageous parking garage costs and HOAs

No hope of buying anything out here now , being a union tradie isn’t enough anymore

60/$hr with a full pension and benefits won’t cut it in 5 years

Born in the wrong generation I guess

Van life forever for me it looks like

I’m not paying 3k$ for a 1bdrm in the hood lmao fuk right off
post 1646978523 09-13-2021, 09:00 PM
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Originally Posted By dogorman7⏩
When I first moved out here you could get a nice decent but humble sized 1bdrm a few blocks from the beach for 350-400k$ But now run down 1bdrm former section 8 housing condos are 500k

You will get nothing but a micro 300sqft loft of a condo downtown for sub 500k in San Diego proper but those have outrageous parking garage costs and HOAs

No hope of buying anything out here now , being a union tradie isn’t enough anymore

60/$hr with a full pension and benefits won’t cut it in 5 years

Born in the wrong generation I guess

Van life forever for me it looks like

I’m not paying 3k$ for a 1bdrm in the hood lmao fuk right off
Trying living in one of the NOT expensive areas

BRB can't afford to live near the ocean / on the beach in one of the most desirable areas in mid to low tier condos designed for people that at minimum make 3x what you make SRS

BRB earn almost 100k still can't afford a 500k property

BRB earn 100k in cali JUST lol.
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post 1646980553 09-13-2021, 09:36 PM
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Originally Posted By Realclout⏩
Trying living in one of the NOT expensive areas

BRB can't afford to live near the ocean / on the beach in one of the most desirable areas in mid to low tier condos designed for people that at minimum make 3x what you make SRS

BRB earn almost 100k still can't afford a 500k property

BRB earn 100k in cali JUST lol.
Except my salary will be half that in a cheaper place retard. In the Midwest union electricians are only making 30-40/$hr

Brb no escaping inflation , young people are priced forever out of the real estate market unless they can work remotely in bum**** Indiana as a techie

I need to live where there’s work dumbass

60 hr works out to 120k a year without OT

Edit : also it has nothing to do with kliving near the beach. It’s like that even in El Cajon and la Mesa now. Any condo sub 500k is a absolute ****hole.

Go suck zombie biden off since you love unpresidented inflation so much bitch
post 1646980943 09-13-2021, 09:44 PM
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What happened to the housing crash, OP?

This sounds like some cope because your forecast was crap.

Homes are relatively cheap at their current prices, relatively speaking.

Enjoy your studio apartment.
post 1646980953 09-13-2021, 09:44 PM
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Originally Posted By dogorman7⏩
Except my salary will be half that in a cheaper place retard. In the Midwest union electricians are only making 30-40/$hr

Brb no escaping inflation , young people are priced forever out of the real estate market unless they can work remotely in bum**** Indiana as a techie

I need to live where there’s work dumbass
I mean a cheaper place in SAN diego YOU dumb TRADIE. more inland or SOMETHING. Plenty of TRADIES make the same as you where I live BRB 30-40$ is apprentice rates SRS.
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post 1646981403 09-13-2021, 09:51 PM
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Originally Posted By Realclout⏩
I mean a cheaper place in SAN diego YOU dumb TRADIE. more inland or SOMETHING. Plenty of TRADIES make the same as you where I live BRB 30-40$ is apprentice rates SRS.
See edited posted. Didn’t catch that until I read all of it.

No it’s not idiot. Those tradies are lying sacks of **** like gooboa. He claims to make 50/$hr non union in Colorado Springs when the IBEW scale is 31/$hr for licensed journeyman out of that hall.

No ****ing way he’s making 20/$hr more as a non union journeyman , he probably runs his own side business and when he does side work on the occasional Saturday that’s what it averages out to.

Apprentices in San Diego right now start at 20/$hr and work their way up to journeyman rate.

Right now the journeyman rate is 51/$hr and some change because we just had a raise allocated to the scale with the new negotiations. By the time I make it through it will be 60/$hr or so. The ibew does a great job of trying to keep up with inflation. See Seattle’s local , they get raises added to the entire scale every 6 months for inflation. It’s insane.

In what world should 60/$hr be working homeless ? That’s damn good money without a degree unless you’re running your own business.

The only way an apprentice makes 30+/hr is if he is a 3rd year or up and is in the ibew apprenticeship. 30-40/$hr is nowhere near the starting rate for an apprentice.
post 1646995113 09-14-2021, 06:28 AM
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Originally Posted By 401Delta⏩
What happened to the housing crash, OP?

This sounds like some cope because your forecast was crap.

Homes are relatively cheap at their current prices, relatively speaking.

Enjoy your studio apartment.
I completed the mechanism in which I expect that to occur in this thread with data of new listings for this year versus normal years. It's clear there is 20-30% less homes being listed in the first place...it's not the housing boom it's being made out to be. I was hesitant to put a timeline on it before but did so out of requests lmao. Yet still, that original timeline hasn't been blown, so I'm not sure what you're even referring to. I said we'd see signs of regression in 2021 and are. Houses are staying on the market longer. The newest delta scam still isn't scaring people as much as the original.

However that merely indicates buyer weariness. Sellers have to get comfortable selling and to do that they have to know they have a place to go. Buyer hesitation is the first step to inducing that drop.
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post 1647035123 09-14-2021, 04:36 PM
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inflation is coming, that means that houses are only going to get more expensive, and thats wit 5-7% interest rates, printing trillions of dollars will cause inflation, its not a matter of if but when, you will see it clearly 12 to 24 months from now, this will push the cost of labor up, meaning if you can buy now do it, because before long seven figure jobs will be the six figure jobs of today.
post 1647036043 09-14-2021, 04:48 PM
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Originally Posted By MBisonSon⏩
Why would people sell their homes right now when the next house is absurdly priced?

Are they supposed to live in a tent for the meantime?

Yes it's a seller's market but you also have to be in a position to sell.
this

i always see miscers saying "lol my hOuse is WorTh 20X wAt I paId"

ok? so sell it?

oh youre not? then it doesnt matter what its worth
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post 1647036333 09-14-2021, 04:53 PM
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as someone who works in the industry and also runs another business in the industry

I cannot confirm
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post 1647036553 09-14-2021, 04:56 PM
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Originally Posted By MiamiLife305⏩
this

i always see miscers saying "lol my hOuse is WorTh 20X wAt I paId"

ok? so sell it?

oh youre not? then it doesnt matter what its worth
Exactly, Especially when it's based on local comps and the houses SELLING could be WAY nicer then yours SO when you try to SELL if you do nothing to MAINTAIN or protect your INVESTMENT most PEOPLE will end up GETTING rekt so HARD because they THINK they don't have to do ANYTHING and they CAN just TURN around and SELL if for a HUGE profit but when their is a lot of inventory and even WHEN there isn't PEOPLE will look at your property compared to OTHERS and no MATTER how high the COMPS are yours will always SELL for less I have BEEN putting SO much money and TIME into making my property NICER even though it's appreciating due to being in a GOOD area it doesn't MEAN anything if it ISN'T pristine DED fooking SRS. nobody IS gonna PAY top DOLLAR for a SLUM shack that WAS maintained by a RETARD.
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post 1647036843 09-14-2021, 05:00 PM
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just wait until this market downturns. im going to come out of the next down cycle with a monster real estate portfolio. still studying how i want to approach it though. freaking n00b when it comes to real estate investment
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post 1647037053 09-14-2021, 05:05 PM
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I'm at 11 transactions for September as of today. Keep them coming!
post 1647037713 09-14-2021, 05:15 PM
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Originally Posted By BigDeeps01⏩
I'm at 11 transactions for September as of today. Keep them coming!
Is that above average, I feel like being a RE could be really lucrative but seems like UNLESS you're selling ULTRA high value homes like 1mil+ you aren't really making that much money and it could be hard to survive DED fooking SRS.
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post 1647038693 09-14-2021, 05:28 PM
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Originally Posted By Realclout⏩
Is that above average, I feel like being a RE could be really lucrative but seems like UNLESS you're selling ULTRA high value homes like 1mil+ you aren't really making that much money and it could be hard to survive DED fooking SRS.
That's way above average for most areas.

Realtors are legit lucky to get one sale every few months where I live. The market is just oversaturated with them and there are not enough homes coming on the market.

Whats worse is they get around $7000 for the average sale.

I guess it's a living? but ~$30k/year is basically minimum wage here.
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post 1647039033 09-14-2021, 05:33 PM
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Originally Posted By lockdev⏩
That's way above average for most areas.

Realtors are legit lucky to get one sale every few months where I live. The market is just oversaturated with them and there are not enough homes coming on the market.

Whats worse is they get around $7000 for the average sale.

I guess it's a living? but ~$30k/year is basically minimum wage here.
7,000 seems a bit high but I know what you mean IT seems like they're TONS of RE agents and ONLY so many homes like sure PEOPLE are always selling but HOW many AGENTS are in your office and COMPANY you know what I mean even if your OFFICE does BIG business that may only be 1 property ever few months for MOST agents I feel like THERE could be GREAT months but THEY really just BALANCE out the months were you make PRACTICALLY nothing. AFTER giving 1% to your OFFICE and 1% to listing agent or WHATEVER and paying taxes I can't imagine they make more then 50k a year if they're selling SUB 1mil houses DED fooking SRS. THAT'S why I say SELLING ultra high value houses BRB you're in cali and SELL 1 house all year but its a 20mil house and after taxes you made 1.5mil DED fooking SRS. plus it FEELS like with all the driving around to different properties and stuff would be SO time CONSUMING it would almost NEGATE the gains.
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post 1647071583 09-15-2021, 08:28 AM
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Originally Posted By Anachron⏩
We all knew it was cope all along.
Okay, lets approach this in a different manner.

How long do you think we have until the market crashes?
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