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scaredyclassic.
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May 23, 2020 at 9:54 AM #817544May 23, 2020 at 10:04 AM #817545
FlyerInHi
Guest[quote=gzz]https://www.zillow.com/community/heritage-ridge-estates/2084054456_zpid/
It is tacky but I like it anyway.[/quote]
That’s make America great again, Texas style.
My favorite style of suburban house is mid century modern with sliding glass doors.
Those were “invented” in California. That’s what we should go back to.May 24, 2020 at 1:06 AM #817550
svelteParticipant[quote=FlyerInHi]
My favorite style of suburban house is mid century modern with sliding glass doors.
Those were “invented” in California. That’s what we should go back to.[/quote]MCM have their problems. Flat roofs leak and the large amount of glass is not very energy efficient.
While i would agree the west popularized the MCM style, I’m not sure saying it was invented here is quite accurate. It is largely based on Frank Lloyd Wright’s Usonian houses from the 1930s that were designed and built in the midwest.
May 25, 2020 at 2:05 PM #817553Guest[quote=svelte]MCM have their problems. Flat roofs leak and the large amount of glass is not very energy efficient.
While i would agree the west popularized the MCM style, I’m not sure saying it was invented here is quite accurate. It is largely based on Frank Lloyd Wright’s Usonian houses from the 1930s that were designed and built in the midwest.[/quote]
Yeah. I want to appropriate the best.
Lots of MCM in Columbus, Indiana. It all started with Bauhaus, in Germany.
Somehow, i find modern and jet-age very inspiring, like the possibilities In life are endless.Just for fun, I did a quick search and it seems like that house in Texas is standard. Texans like wrought iron, Juliette balconies and a mishmash of traditional styles.
I don’t follow, new housing in San Diego anymore, except what’s close to the city. We see more contemporary than Spanish/Tuscan revival.
In Nevada, there is a definite move to modern/contemporary by the mass builders.
This is by Pardee:May 26, 2020 at 9:19 AM #817558
CoronitaParticipantInteresting
“U.S. New-Home Sales Post Surprise Gain in Sign of Stability”
May 26, 2020 at 4:29 PM #817562svelteParticipant[quote=Coronita]Interesting
“U.S. New-Home Sales Post Surprise Gain in Sign of Stability”
Matches what I’m seeing. There are 3 california zip codes I watch just out of curiosity. Asking prices are way up from this time last year, inventory way down.
May 26, 2020 at 4:37 PM #817563svelteParticipantAlso, has anybody noticed that now that there is the Zillow Offer concept where they’ll buy your house, they sandbag the estimate on your house?
My house consistently shows up at a 5% discount from all the other homes of the same size in my area.
Kinda sneaky.
May 26, 2020 at 4:59 PM #817564Guest[quote=svelte]Matches what I’m seeing. There are 3 california zip codes I watch just out of curiosity. Asking prices are way up from this time last year, inventory way down.[/quote]
That’s only because inventories are way down. Just wait for the recession to get felt, state and localities to lay-off, companies do operate more efficiently and not rehire, etc…..
May 26, 2020 at 5:58 PM #817566CoronitaParticipantwhat if they relax lending standards and lower rates further?
May 26, 2020 at 8:16 PM #817568svelteParticipant[quote=FlyerInHi][quote=svelte]Matches what I’m seeing. There are 3 california zip codes I watch just out of curiosity. Asking prices are way up from this time last year, inventory way down.[/quote]
That’s only because inventories are way down. Just wait for the recession to get felt, state and localities to lay-off, companies do operate more efficiently and not rehire, etc…..[/quote]
Certainly possible…
[quote=FlyerInHi]
what if they relax lending standards and lower rates further?
[/quote]Also certainly possible…
Life’s just one big gamble. Place ye bets, laddies!
May 26, 2020 at 11:45 PM #817570Guest[quote=Coronita]what if they relax lending standards and lower rates further?[/quote]
The lower rates and low inventory is what’s causing the market to be stay firm right now.
Lower standards may cause another bubble. I don’t think that will happen because investors will not buy those mortgage backed securities. The Fed will buy them, maybe
June 28, 2020 at 5:32 PM #818530svelteParticipantI stumbled across this video today. Don’t know the guy at all so he may be just a salesman with no real insight, but I think his logic on what the housing market is going to do sounds plausible.
10% of mortgages in forebearance right now.
20% of jobs lost never coming back.
And I guess I wasn’t paying attention, but the CARES act gives 6 months of forebearance with an option for another 6 months after that.
Given that COVID is growing again right now, it is not at all clear things will get back to “normal” soon.
June 28, 2020 at 10:58 PM #818532sdrealtor
ParticipantMy take after watching a few minutes is he’s a salesman. Anyone selling broad based predictions in RE is throwing lots of sh@t at the wall hoping somehting sticks. RE is about making good decisions and beating the market. Some examples.
I bought a place in North Park at 60% off peak and sold it when it got back around prior peak for a 150% gain 3 years ago. It is maybe 10% higher today. Got a few more personal stories like that also. My personal residence went down at most 20% during the bust. It was back to prior peak 3 years ago when I sold the NP place. Today the NP place is 10% higher maybe, my house is 25% higher.
There used to be a few other realtors here. One is still around though to my knowledge does not own a home. Another hooked up with a group of investors, bought foreclosures on the court house steps and sold them quickly for about 10% gains. He never had the guts to buy in here and last I heard he’s in TX.
I and my clients bought quality properties in some of the hardest hits areas. They held onto them like i did. Those are up around 100 to 150% too. They held onto some and sold others.
Another realtor guy who stopped by here occasionally bought his neighbors house as the bubble was busting, put a ton of money into it trying to fix his mistake while holding until it recovered to a reasonable price level. He got clobbered on it as far as I can tell. Its no surprise that bit of info never appeared on his prolific blog
None of them truly profited at all as an investor from the bubble bust despite having a front seat. We were all here watching the same things but dispensing different advice with very different results. This is a full contact sport. Not everyone wins together and not everyone losses together
June 29, 2020 at 6:11 AM #818533svelteParticipant[quote=sdrealtor]Anyone selling broad based predictions in RE is throwing lots of sh@t at the wall hoping somehting sticks. RE is about making good decisions and beating the market. [/quote]
Doesn’t the first sentence make the second sentence a crap shoot?
June 29, 2020 at 7:13 AM #818534Participant[quote=svelte][quote=sdrealtor]Anyone selling broad based predictions in RE is throwing lots of sh@t at the wall hoping somehting sticks. RE is about making good decisions and beating the market. [/quote]
Doesn’t the first sentence make the second sentence a crap shoot?[/quote]
Life can be a crap shoot but ignoring the pundits and focusing on the details and data one can make better decisions
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