- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Winter Olympics
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Will the real estate bubble ever burst?
Posted on 4/3/21 at 12:07 am to yaboidarrell
Posted on 4/3/21 at 12:07 am to yaboidarrell
I can’t for the life of me figure out why anyone would build or buy given the current circumstances unless they absolutely had to for some reason BUT ppl just keep doing it......it’s wild
3
Posted on 4/3/21 at 12:12 am to yaboidarrell
It definitely will in some markets. I'm looking to buy a house right now on Northshore and a house I was looking at went 70k over the asking price. There's no way this will be sustainable much longer.
I'm thinking about waiting a bit before I make a serious move on houses. Some of these prices are just ridiculous.
I'm thinking about waiting a bit before I make a serious move on houses. Some of these prices are just ridiculous.
This post was edited on 4/3/21 at 12:14 am
Posted on 4/3/21 at 12:12 am to RIPMachoMan
Right before I try to sell this monstrosity
Posted on 4/3/21 at 12:16 am to yaboidarrell
quote:
Will the real estate bubble ever burst?
Uh?
Do you mean will it burst again?
The answer is yes, as that is how markets correct themselves.
Posted on 4/3/21 at 12:26 am to Wishnitwas1998
quote:
I can’t for the life of me figure out why anyone would build or buy given the current circumstances unless they absolutely had to for some reason BUT ppl just keep doing it......it’s wild
I did it because I got tired of living in a cookie cutter neighborhood with a two car garage and not enough room for a pool. I bought my house for $270,000 in 2012 and sold it for $345,000 in 2020.
Posted on 4/3/21 at 12:30 am to jennBN
quote:
.however, I just bought in the East Bay so now
quote:
jennBN
neighbor 
Posted on 4/3/21 at 12:37 am to yaboidarrell
New Orleans baffles me. shotgun doubles are going for well over half a million dollars. What dumbasses are buying these?
Posted on 4/3/21 at 12:46 am to yaboidarrell
Cost to build a new home has nearly tripled in the past year. This has caused a huge upswing in buying built homes instead of building a brand new home but so many homes have been built in the last 10 years there are normally plenty of available markets but that has lowered considerably in the past year due to increased cost of wood, hardware, and building materials.
Posted on 4/3/21 at 12:54 am to yaboidarrell
My buddy is trying to buy in Austin. House was listed at $550,000. He offered 625k. Lost out.
I bought my house for $395k in 2014, it’s appraised at 1.1 Million by the county, and houses nearby are going for up to 2 million more than that
I want it to all stop, but I also don’t want it to
I bought my house for $395k in 2014, it’s appraised at 1.1 Million by the county, and houses nearby are going for up to 2 million more than that
I want it to all stop, but I also don’t want it to
This post was edited on 4/3/21 at 1:08 am
Posted on 4/3/21 at 4:46 am to Turftoe
In. The 80s long term interest on a mortgage got to be 13 percent , the real estate market died ,
Posted on 4/3/21 at 7:02 am to Wishnitwas1998
quote:
I can’t for the life of me figure out why anyone would build or buy given the current circumstances
You mean the current circumstances of low rates? Lower rates means you can afford more house
Posted on 4/3/21 at 7:03 am to yaboidarrell
We bought our house in Mandeville in 2018. We are about to close on a refi at 2.8%. Our house appraised for 22% higher than we bought it 3 years ago. I'm certainly glad I'm not buying or building right now.
Posted on 4/3/21 at 7:09 am to Wishnitwas1998
quote:
I can’t for the life of me figure out why anyone would build or buy given the current circumstances unless they absolutely had to for some reason BUT ppl just keep doing it......it’s wild
You can either buy now, or keep renting and hope rates don't go back to 7%.
This post was edited on 4/3/21 at 7:10 am
Posted on 4/3/21 at 7:11 am to yaboidarrell
I have a friend that bought a low-end home close to Disney a few months back. She has appreciated aboot 1%, per month. I have another friend that bought in the hood, in Tampa, 18 months ago. He is also up 1% per month.
Posted on 4/3/21 at 7:17 am to Hangit
Purchased at $97 sq.ft. in 2001. When I get my assessment for 2021, I fully expect it to be in the $190 - $200 sq ft. range.
Posted on 4/3/21 at 7:25 am to yaboidarrell
It’s unbelievable. North of Austin Tx some of these houses sold 2-3-4 years ago for $130-140/sq ft, now 200+.
Makes me fricking mad. I’m not even close to broke, but I’m not going to make a short term type home a long term investment because of the market.
Makes me fricking mad. I’m not even close to broke, but I’m not going to make a short term type home a long term investment because of the market.
Posted on 4/3/21 at 7:32 am to HubbaBubba
As someone who did real estate appraisal for several years, price per square foot on the total price can be so misleading. Lot size/acreage, other improvements, etc. aren't taken into account. The only way it makes sense is comparing cookie cutters in a subdivision.
You could buy a house on a 100x120 lot or a house on 5 acres. Someone throwing out price per sf for comparison on the square footage of the house is crazy.
You could buy a house on a 100x120 lot or a house on 5 acres. Someone throwing out price per sf for comparison on the square footage of the house is crazy.
Posted on 4/3/21 at 7:35 am to thegreatboudini
If I was single in this market, I would buy a camper and save piles of cash for when it bursts. I would do like the Silicone Valley kids, and park my camper in the parking lot at work.
Page 3 of 8
Popular
Back to top
Follow TigerDroppings for LSU Football News