[rustyp]

Originally Posted by Sinkorslim

Sell it yourself

OK - still $50K in the hole.

[Travelhunter123]

Originally Posted by toeser

Yeah, I think the housing party is just about over again. Once mortgage rates start to march upward that will put a damper on ever-increasing prices. If the Fed loses complete control over inflation and has to really ratchet up rates, housing prices will fall.

I would think you are correct
In the late seventies and 80’s when we had 10% to 16% interest rates I think prices continued to escalate at a slower pace

[Bay Kid]

It is all funny money. Just sold my 3 year old Camry, w/28,000 miles, for over $4,000 more than paid for it out the door. Crazy world.

[Cliff Fr]

The people that are hurt are the working people and retired people that cannot afford the Village's. People that already own a home outside the Village's are being affected by the exorbitant price increases in the form of higher homeowners insurance premiums and ever higher property taxes. People outside the Village's that want to buy a single family home are being priced out of the market and forced to pay higher and higher rent.

[RealJudy]

Plus moving costs and other closing fees.

[rsmurano]

Why would you use a realtor? I sold my last house when I posted on the internal site: “I’m thinking of selling my house”. Friends of friends in the community started to call me in hours. I sold as a cash deal, no appraisal, no inspection, and no cost. The paper work comes from a lawyer that the buyers attain, an hour worth of work filling out the disclosure papers and the sales contract.

[sail33or]

Flippers already own a house. They are buying a SECOND house and putting in a pool or birdcage and making $300K after one year.

Also, people who do not even live here are buying houses, waiting one year and selling for huge profits.

A typical buyer is competing with everything and everyone.

It will take Wall Street crashing to end the frenzy.

[Johnsocat]

Originally Posted by Stu from NYC

Supply and demand. Can make a large profit on the house we purchased here two years ago but whats the point.

It's a good time to do a cash out refi. Lower your interest rate and make some nice upgrades on your home...

[Cranford61]

Originally Posted by Cliff Fr

The people that are hurt are the working people and retired people that cannot afford the Village's. People that already own a home outside the Village's are being affected by the exorbitant price increases in the form of higher homeowners insurance premiums and ever higher property taxes. People outside the Village's that want to buy a single family home are being priced out of the market and forced to pay higher and higher rent.

We’ll that’s just tough! Not everyone can afford Beverly Hills, CA either. When socialism prevails, they can move next door. But for me, I don’t want to live next door to, or socialize with people on the fringe. There is a snobbishness to Villagers and the people living on the perimeter like Water Oaks, Stonecrust are aware of it.

[Pachine58]

How do they justify a 40 year old mobile home, a depreciating asset, worth $200,000 + , I don’t get it.

Manufactured homes are different, they are prefab on a foundation. Similar to stick prefab homes sell down south.

[Tom M]

Here's a thought: Just let the original poster be happy that they bought years ago at a significant discount from today's price.

[mrf0151]

Just be happy that most of us started this wonderful real estate ride back in the 60's and 70's and have done extremely well. Retired, 2 homes in TV, one being a full-time annual rental always occupied with no mortgages on either.

[Curtisbwp]

I purchased a ranch in 2004 for $150.00, sold it in 2006 for $239,00

[Bilyclub]

Originally Posted by Cranford61

We’ll that’s just tough! Not everyone can afford Beverly Hills, CA either. When socialism prevails, they can move next door. But for me, I don’t want to live next door to, or socialize with people on the fringe. There is a snobbishness to Villagers and the people living on the perimeter like Water Oaks, Stonecrust are aware of it.

Then there are some like a frequent poster here who likes to flaunt the fact that he lives just outside TV but like to use our stuff, especially the cart paths.

[manaboutown]

Originally Posted by mrf0151

Just be happy that most of us started this wonderful real estate ride back in the 60's and 70's and have done extremely well. Retired, 2 homes in TV, one being a full-time annual rental always occupied with no mortgages on either.

When I checked a week ago on the house I bought new in 1968 in Alexandria, VA for $28,000 I found it had sold in 2021 for about $700,000. It had been nicely updated and the walkout basement finished but still.....

About 10 years ago I visited a man about 15 years older than me (he is 94 today). He had recently bought and rehabbed an elegant large house, even putting in an elevator. He told me the (custom oversize) French doors had cost him about $8500/set installed, about what he paid for his first house!