Home Forums Hunting & Shooting Hunter's Campfire Wow ! hot market

The only one getting boned is the the high bidder on the house if the county goes by purchase price equals assessed value.

"Wifey poo"?

AKA Old battle axe

My boys graduate HS in June. Wife and I have discussed a similar option. List the place high as hell and see how much we can make on it.

Buy a smaller house and land in a midwest state... or Texas

where in pa you moving to?

Aviary will make him shuffle back to the truck quick.

Tweet tweet.

I don't even know where you are but if it is like elsewhere, you should have tacked 200K onto the price.

Lots of people pulling up stakes and buying
at crazy prices right now
I have a goodly stack of mail from little hole in the
wall real estate offices from everywhere I could
imagine with stupid lowball offers to crazy inflated
offers.
But then. . . What do you do for a satisfactory
replacement abode ?

You were from Spring Grove if I remember right.
Since you are from WV now, we can forgive your East of 81 roots.
You would be welcome to this area.
I warn you though, the market is hot here too.
Every city dweller with $$$ is moving or buying a bailout home.

Dbuck, we're moving to Columbia . probably the nicest street in town. All white no groids or PR's.

This is the exact reason I never consider my home an investment. Sure you can sell for a tidy profit but you still need a home so you have to buy into the same market... inflation makes us seem wealthier for awhile.... until it doesn't

Nice, near the river.
I used to haul ceiling tile out of there for Armstrong.
They were no John's Mansville😉!

Hold into suds

He dies.

Taxes triple.

Racialista

Good for you OP sounds like a great plan. .

irfubar,
My brother!


15 years ago it used to blow my mind listening to talk of equity.
Like it meant a dam thing. Was 5 years into a 15 hear mortgage that
followed me like a storm cloud. Had people telling me how I had so much
equity in my little house in a fancy pants neighborhood. How I could take that equity and add on.

"What they hell you talking about? Equity ain't nothing. Its the difference
between owning something, and owing more than it's worth! I'm trying to
have no dam debt, not get more. And if I sell, I have no where to sleep
until I buy another place. Then, I won't have money anymore."


Must be a space alien. You say this stuff to people, and they look at you
like a mule looking at a new gate.

Read the book Rich Dad, Poor Dad. Disagreed with some of his ideas, obviously. But one thing in the very beginning of the book was to list assets and liabilities. He then explained how your home is a liability. Not an asset.
How, even after you pay it off, you continually pour money into it.

Another thing on home prices. People who think the difference between
buying price and selling price is money made. Our house has easily doubled in price in twenty years, maybe more now. But at double, I'd be losing my ass.

Right off the bat, it cost thousands to do the deal.
Considering interest, you pay back 2+ times the borrowed money.

But hell, people like me would crash our economy.

Oldest son bought a huge nice home in Illinois for $89/sq ft. Here in SW Utah, it's $250-300/sq ft. Yeah, I wouldn't live in Illinois, but there are places in the country where you can get a home for a decent price.

You aren't crazy..... people have been conditioned to believe the narrative... congrats on being an independent thinker.....
My house has doubled in value the last few years and I see that as a bad thing

Property tax will consume that savings