because housing prices keep going up and there is no end in sight.
I'm kicking myself for not buying a house in 2011/2012. I could have bought a nice house for $400k and live comfortably. But now a nice house is around $1 million dollars.
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06-01-2016, 11:41 AM #1
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06-01-2016, 11:43 AM #2
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06-01-2016, 11:56 AM #17
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06-01-2016, 11:56 AM #18
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06-01-2016, 11:56 AM #19
lol I'm in the same boat, live in the GTA (toronto) crew and it's a joke. I don't even understand how it can be so high. I have tons of friends in their late 20s early 30s still living at home. I'm hoping the market crashes soon so I can move out. I have a bunch of money saved up but scared to buy because the market seems so over valued.. Probably better off renting and investing your money in stocks instead of the housing market...
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06-01-2016, 11:57 AM #20
feels through the angus.
put an offer on a house (put a bid 15% below asking because it was a short sale)....wait 60 days....bank comes back with a 25% counter OVER LIST just because they can. 60 days of life gone.
next house, put in a full price bid....find out it's 30k below what the owner owes (you w8 m8)....i only gave them til today or i'm looking elsewhere.
tfw i have to put in a bid over list for a 600k house that will suck the soul out of me. tfw don't want kids to go to a "diverse" school and have to fork up out the azz.
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06-01-2016, 11:57 AM #21
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06-01-2016, 11:58 AM #23
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06-01-2016, 11:59 AM #24
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06-01-2016, 11:59 AM #25
Pretty much nothing now.
Here is a house in the ghetto for $629k
https://www.redfin.com/CA/San-Franci...4/home/1463776
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06-01-2016, 12:00 PM #26
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06-01-2016, 12:00 PM #27
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06-01-2016, 12:02 PM #28
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06-01-2016, 12:04 PM #29
I have a home in austin that I could probably sell for $750k right now.
It was built in 1940 and about 1200 square feet. The foundation is pier and beam and there is literally some cedar stumps serving as some of its foundation.
Its a rental until I decide to knock it down, build a mcMansion on it and sell it for a profit.
Its all about land value.
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06-01-2016, 12:05 PM #30
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