Housing market is too far gone.

[saabguy]

love that they are selling McDonalds ads next to million dollar houses.

 

[Gaunt]

View attachment 229251

still ~100% above pre-pandemic prices.

 

[michael]

still ~100% above pre-pandemic prices.

 

[FutureMan]

Closed. You’re looking at the newest resident of prestigious Bergen County, NJ

 

[FutureMan]

love that they are selling McDonalds ads next to million dollar houses.

Rich people like burgers too

 

[Bugalu]

Certain home developers who raised prices cause of increased lumber costs will now slash prices.

Lots of builders here had a price for the house and then a clause that if lumber or ect went up you would only pay the difference in price that they paid. Unfortunately for some people I know that was 85k-100k price increase

 

[stevezissou]

Lots of builders here had a price for the house and then a clause that if lumber or ect went up you would only pay the difference in price that they paid. Unfortunately for some people I know that was 85k-100k price increase

MARKET PRICE

 

[Menger]

Consumers hedging lumber exposure in the futures market lol

 

[Xicculus]

LLC = Limited Liability Company and is owned by members, fewer formal requirements compared to a corporation etc etc.

Corporation = has shareholders and more formal proceedings/requirements to go through, board of directors, meetings, minutes etc etc.

Both are different legal entities at the STATE level.

Facts matter @Xicculus

Thanks for the clarification, that elegantly answered my question.

But how does it relate to buying SFRs?

 

[Muddy Waters]

Richmond-area home prices fall 14.7% in May, with houses for sale in high demand

In Wayne County, homes for sale had a median price of $91 per square foot, while Indiana's was $140

www.yahoo.com

 

[Menger]

Not a single house for sale in my target area lately, just waiting around

 

[Simple]

Not a single house for sale in my target area lately, just waiting around

Have patience bb

 

[Relax Preppy]

Not a single house for sale in my target area lately, just waiting around

been watching listings still, and there has been nothing but shit the last 3 weeks

 

[KGB ate my bread]

been watching listings still, and there has been nothing but shit the last 3 weeks

everyone who wanted to move to have their kids in new schools for the fall have done so. Sorry

 

[Relax Preppy]

everyone who wanted to move to have their kids in new schools for the fall have done so. Sorry

i close this wednesday, id be freaking out right now if i was still actually looking

 

[michael]

Quord

Closed. You’re looking at the newest resident of prestigious Bergen County, NJ

i closed yesterday too

 

[michael]

My closing went off without a hitch. We closed 14 days post-contract. All cash easy deal. Listed for 900 on Friday. Under contract Monday for 925 cash, letting me stay for 2 months while the place I’m moving to is occupied, letting me keep my boat and floating dock here until Feb 1, 2023 with 24/7 access. Money hit my account last night and @.chris , @JohnnyBeagle , and I are gonna hit up the local Lambo dealer bc YOLO.

 

[.chris]

My closing went off without a hitch. We closed 14 days post-contract. All cash easy deal. Listed for 900 on Friday. Under contract Monday for 925 cash, letting me stay for 2 months while the place I’m moving to is occupied, letting me keep my boat and floating dock here until Feb 1, 2023 with 24/7 access. Money hit my account last night and @.chris , @JohnnyBeagle , and I are gonna hit up the local Lambo dealer bc YOLO.

231.25 pelagi to be precise

 

[The Grand Inquisitor]

love that they are selling McDonalds ads next to million dollar houses.

Because that’s all you can afford after buying a million dollar house duh

 

[TopTuna]

Because that’s all you can afford after buying a million dollar house duh

Have you seen the prices at McDonald's lately?

 

[01ACRViper]

Maybe I will end up building my shed this year.

prices may be back to September levels, but they're still like 300% of normal

 

[tetaplum]

not sure if a re but this sub has some quality content:

r/REBubble

r/REBubble: A place to freely discuss and investigate the current US housing bubble. Share evidence, zillow screenshots and other interesting items.

www.reddit.com

 

[Sp33dealer]

Bought at $157/ft in 2020

House around the corner listing at $297/ft

What the fuck

 

[stevezissou]

Bought at $157/ft in 2020

House around the corner listing at $297/ft

What the fuck

TRANSITORY

 

[wizurd]

Closed. You’re looking at the newest resident of prestigious Bergen County, NJ

My aunt lives in Nutley. it's nice.