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does this mean i may be able to scoop up a home cheaper? obv rates will be high, but if you have the credit and $$, should be a good opportunity for the financi

does this mean i may be able to scoop up a home cheaper? obv rates will be high, but if you have the credit and $$, should be a good opportunity for the financially patient/responsible.

mistrial9 4y ago
right - like the lengthy comment on this topic on an earlier day lamenting "you can only buy three" new houses.. A fellow and his two buddies would have a fun ritual of going to new home sales lots and buying with good credit as many houses as they could together on the first day. Then, they unwind the position to actual buyers for a profit.. good times! </s>
JKCalhoun 4y ago
I've been of a mind that the only way to "win" is to buy land instead and build on it. I see too many large, conglomorate home builders — perhaps two of which will divvy up entire subdivisions and rake in the profits for themselves. I'm no historian but it seems there's been a trend over the past century of entire markets becoming inaccessible to the average person. I'm not going to do the topic justice with my poorly worded rant but I'm thinking about how, for example, the "A&P's" made it impossible for mom and pop to open a grocery store (short of a niche kind of Indian Foods Market or whatever). Various big players have divided up each of the industries and mercantile opportunities leaving the rest of us with little more than food trucks, small restaurants, nail salons, etc. It's fascinating to me the rare opportunities of commerce that have briefly graced the middle class before being swallowed up — things like the book store, the record store, the drive-in movie theater, the personal computer, the video rental store....
UncleEntity 4y ago
I’ve been kind of halfassedly watching the properties in the town I bought my house and the last time I checked, probably a couple weeks ago, all the bargains were snapped up after being on the market for a while. Maybe something changed with the local economy that I don’t know about but it seems that people might be snapping up houses while they can still afford them. Obviously pure speculation on my part as I only pay attention to one smallish city. —edit— Turns out pure baseless speculation and probably a bug in Zillow because the bargain houses are still there.
- datavirtue 4y ago
  Hard to put your finger on Realtor corruption. Not listing houses and selling to their own contacts etc...most home sales go through a monopoly.

does this mean i may be able to scoop up a home cheaper? obv rates will be high, but if you have the credit and $$, should be a good opportunity for the financially patient/responsible.

mistrial9 4y ago

right - like the lengthy comment on this topic on an earlier day lamenting "you can only buy three" new houses.. A fellow and his two buddies would have a fun ritual of going to new home sales lots and buying with good credit as many houses as they could together on the first day. Then, they unwind the position to actual buyers for a profit.. good times! </s>

JKCalhoun 4y ago

I've been of a mind that the only way to "win" is to buy land instead and build on it. I see too many large, conglomorate home builders — perhaps two of which will divvy up entire subdivisions and rake in the profits for themselves. I'm no historian but it seems there's been a trend over the past century of entire markets becoming inaccessible to the average person. I'm not going to do the topic justice with my poorly worded rant but I'm thinking about how, for example, the "A&P's" made it impossible for mom and pop to open a grocery store (short of a niche kind of Indian Foods Market or whatever). Various big players have divided up each of the industries and mercantile opportunities leaving the rest of us with little more than food trucks, small restaurants, nail salons, etc. It's fascinating to me the rare opportunities of commerce that have briefly graced the middle class before being swallowed up — things like the book store, the record store, the drive-in movie theater, the personal computer, the video rental store....

UncleEntity 4y ago

I’ve been kind of halfassedly watching the properties in the town I bought my house and the last time I checked, probably a couple weeks ago, all the bargains were snapped up after being on the market for a while. Maybe something changed with the local economy that I don’t know about but it seems that people might be snapping up houses while they can still afford them. Obviously pure speculation on my part as I only pay attention to one smallish city. —edit— Turns out pure baseless speculation and probably a bug in Zillow because the bargain houses are still there.

datavirtue 4y ago
Hard to put your finger on Realtor corruption. Not listing houses and selling to their own contacts etc...most home sales go through a monopoly.