2 ms·

Are there any metros that aren’t fully insane nowadays? When my wife and I tried to upsize in Charleston, we got outcompeted every single time. We had one sell

Are there any metros that aren’t fully insane nowadays? When my wife and I tried to upsize in Charleston, we got outcompeted every single time. We had one seller smartly list on a Friday and announce “All offers welcome, we will accept the best offer on Monday.” We overbid by $30k and still lost to a $40k full cash no inspection buyer from out of state. We bid on a few others and quickly gave up and left the area, the carpetbaggers can have it. Luckily I work remote and live in the country near a big college town now, but from what I hear of my coworkers in DC, Nashville, Miami, and Texas… it’s the same everywhere and often even crazier. I have no clue how my children will be able to buy a home at this rate.

bob1029 1y ago
You can name your price in the Houston market right now. The same is likely true for ATX and SA, but I don't have active properties in those markets. The winds shifted about a year ago. Pull up any property in the north Houston area (Conroe, etc) if you really want a punch in the gut relative to your current desired market.
- deleted 1y ago
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api 1y ago
I had a local around Cincinnati say all the Ohio sucks memes are part of a concerted effort to convince people it's terrible here and they shouldn't come. A friend from Portland said they tried this years ago, telling everyone it did nothing but rain in the Northwest, and it didn't work. Really though... this is a result of three things working in tandem: chronic underbuilding of housing especially in some areas, a prolonged period of low interest rates, and financialization of housing. The underbuilding of housing is driven by both NIMBYism and a particularly bad boom-bust cycle in housing a few years ago that scared off a lot of builders.
- stockresearcher 1y ago
  > all the Ohio sucks memes are part of a concerted effort to convince people it's terrible here and they shouldn't come. This is completely true. Speaking of, I can connect you with a number of long-term Ohio residents who would be willing to execute a sale-leaseback agreement that expires when their youngest kid graduates high school. For a fee, since you’d be getting such a great deal and early access to prime real estate. I can even get you hundreds of acres of prime farmland, if your budget stretches that far. Let me know!
mothballed 1y ago
Teach them to build their own house. Built one for ~$60k recently, to buy anything comparable on the market in my area is $300k+. The market prices an absolutely insane premium on being the guy that takes the risk to build a house. A good project might be a little cabin that is under the sq ft to need a permit.

bob1029 1y ago

You can name your price in the Houston market right now. The same is likely true for ATX and SA, but I don't have active properties in those markets. The winds shifted about a year ago. Pull up any property in the north Houston area (Conroe, etc) if you really want a punch in the gut relative to your current desired market.

deleted 1y ago
[deleted]

api 1y ago

I had a local around Cincinnati say all the Ohio sucks memes are part of a concerted effort to convince people it's terrible here and they shouldn't come. A friend from Portland said they tried this years ago, telling everyone it did nothing but rain in the Northwest, and it didn't work. Really though... this is a result of three things working in tandem: chronic underbuilding of housing especially in some areas, a prolonged period of low interest rates, and financialization of housing. The underbuilding of housing is driven by both NIMBYism and a particularly bad boom-bust cycle in housing a few years ago that scared off a lot of builders.

stockresearcher 1y ago
> all the Ohio sucks memes are part of a concerted effort to convince people it's terrible here and they shouldn't come. This is completely true. Speaking of, I can connect you with a number of long-term Ohio residents who would be willing to execute a sale-leaseback agreement that expires when their youngest kid graduates high school. For a fee, since you’d be getting such a great deal and early access to prime real estate. I can even get you hundreds of acres of prime farmland, if your budget stretches that far. Let me know!

mothballed 1y ago

Teach them to build their own house. Built one for ~$60k recently, to buy anything comparable on the market in my area is $300k+. The market prices an absolutely insane premium on being the guy that takes the risk to build a house. A good project might be a little cabin that is under the sq ft to need a permit.