Pineapple Express: Someone Is Wrong on the Internet?

[payn]

Well, our offer on the house wasn't accepted. Now we're back at square one, and we're looking at five potential homes today. House-hunting isn't awesome.

It’s bittersweet. The potential if finding a new home makes looking awesome, the paperwork and negotiation and competition makes it bitter.

How quickly do homes sell there? That was probably the worst part about house hunting in 2017, we barely had time to even look at a house before offers were already being submitted right after the house went on the market.

Yeah it had been rough having to decide in like 30min of viewing is not ideal as it was in 2016 and again in 2020 for me in Minneapolis.

 

[trappedslider]

 

[CleverNickName]

Looked at five houses. Eliminated three right away, then had a long conversation with my spouse over a late lunch. And then we put an offer in on our favorite of the other two. Fingers crossed! again!

 

[Dannyalcatraz]

“Marsha! Marsha! Marsha! Your mic is muted and we can’t hear you!”

 

[Maxperson]

Friends were looking to upscale homes, a couple of years back, in Tacoma. Seems it had suddenly become a hot market and every home they wanted to put on offer on was sold before they could. I hope you have better luck going forward.

In 2020 when my wife and I were looking to sell our house and buy a better one, the market was insane here in Los Angeles. Bad houses only had 4-5 offers on them. Good ones had 20 or more, often with multiple all cash offers.

We lost out on several houses before we finally had an offer accepted, and we found out after the fact that we only won the bid because the prior owner was racist.

 

[Maxperson]

A soon as a home goes up for sale in my neighborhood, the bank buys it, tears it down, and builds a new one which stands empty. They are excellent tax writeoffs. Especially since the practice constrains the supply of new homes, keeping prices high. Highly recommended!

Uh, if you're a bank, I guess.

When the mortgage crisis happened, a lot of real estate companies bought houses cheap and leases them out. Those companies don't have incentive to sell the houses they purchased. Combine that with the 2% rates people were getting after the crisis which pretty much nails folks to their houses forever now that rates have increased, and you have the same situation you are describing.

It might not be deliberate like your banks are doing, but inventory is still very low and prices are high.

 

[Maxperson]

Oh, and if you can convince the township to reduce the minimum size of properties, like in my town, then you can put two huge houses on postage-stamp properties, and charge more! Charge $800K for houses in a $500K neighborhood.

I hate McMansions.

 

[CleverNickName]

I can't believe that in this day and age, after centuries of testing and study and education, and right on the heels of a global pandemic, people still don't know how vaccines work. For crying out loud.

 

[prabe]

I can't believe that in this day and age, after centuries of testing and study and education, and right on the heels of a global pandemic, people still don't know how vaccines work. For crying out loud.

I'm OK with not grokking all the biology--especially with the newer mRNA-based ones. I'm not OK with not getting that they work.

 

[dragoner]

If rejecting biology sounds bad, try explaining economics to people. lol