Housing prices sliding further into the gutter.

[LaserSVT]

76639

[BLAKE]

This is really only a bad thing if you're selling and then renting, which seems kind of crazy to me. I know there are circumstances that can dictate that scenario, but for the vast majority, what difference does it make? Sell your house for less, buy a different house for less. If you're really moving up in price, it could actually be a good thing.

[Big Dad]

People are still buying homes

[Binky]

This is really only a bad thing if you're selling and then renting, which seems kind of crazy to me. I know there are circumstances that can dictate that scenario, but for the vast majority, what difference does it make? Sell your house for less, buy a different house for less. If you're really moving up in price, it could actually be a good thing.

Im of the same mind. I dont really care - value rises and falls. What my house is worth only really matters when i'm looking to sell or when taxes are measured. Since i'm not planning to move for 10 years at least, todays price doesnt hold any cache. As for taxes, let it fall...thats less i'm payin out.

This aint detroit - having the house and land worth hundreds of bucks just aint gonna happen.

[Denny]

Dawson


The house is not a trailer according to the Realtor. And if it was I ain't taking it. You want the land you take the house. The land was appraised at 55k about 4 years ago. You got $55,000 cash and you can have it. Cement floor dog kennel, large shed and house all included.

Is it close to Navarro Mills Lake or Richland Chambers?

Now you've sparked my interest.

[LaserSVT]

Yup, fairly close. About a half hour drive to Richland Chambers. Little bit closer to Navarro Mills Lake.

[scootro]

it might have dropped into the gutter but i'm still not getting bites on my low ball offers i've made to these sellers

[Denny]

Yup, fairly close. About a half hour drive to Richland Chambers. Little bit closer to Navarro Mills Lake.

PM me the info

[Denny]

It is funny to me that she won't buy a house because the market exploded after multi-decade highs but will go buy something else at a multi-decade high.

The bottom line of this story is buy a house because you want one, it isn't a fucking "investment".

Right. I can see buying gold back then, but not at this moment. Someone that can actually see some of the bargins to be had right now in land. Not necessarily houses (yet), but some good ag land can be had on the cheap. Now that's an investment that can actually produce for you... or you can hold and flip when food prices really start making a move.

My whole purpose for my prcious metals investment was to move it into something like land once I saw the best opportunity to move.

The days of buying a house, living in it and flipping it for investment have passed. I would either buy a bunch of places for rentals, land that can produce some crops or raise livestock.

[Justa4Banger]

I bought my house in 06, and never had the intention of keeping it forever, but now that it is a rental, ehhh i'll just keep it that way... someone else pays the mortgage for me...

I'll use my money to buy another home home some where else...
Land is defintely a good way to go IMO, but some places still have inflated prices..

[Broncojohnny]

Right. I can see buying gold back then, but not at this moment. Someone that can actually see some of the bargins to be had right now in land. Not necessarily houses (yet), but some good ag land can be had on the cheap. Now that's an investment that can actually produce for you... or you can hold and flip when food prices really start making a move.

My whole purpose for my prcious metals investment was to move it into something like land once I saw the best opportunity to move.

The days of buying a house, living in it and flipping it for investment have passed. I would either buy a bunch of places for rentals, land that can produce some crops or raise livestock.

Better hurry, guess what one of the new hot investments for hedge funds is...? Farming land.

[Denny]

Better hurry, guess what one of the new hot investments for hedge funds is...? Farming land.

I've been actively looking for a while now. I want out of the Metroplex, but no more than an hour away.

[racrguy]

I bought my house in 06, and never had the intention of keeping it forever, but now that it is a rental, ehhh i'll just keep it that way... someone else pays the mortgage for me...

I'll use my money to buy another home home some where else...
Land is defintely a good way to go IMO, but some places still have inflated prices..

They want north of 30k/acre up here. These guys can fucking keep it at that price.

[aggie97]

I sold my house in Central plano (coit and legacy) in March for around $40k less than what it appraised for in 2008. House was in great shape, clean and ready to move in with lots of upgrades. Showed it about 90 times in 7 months. Ended up selling it to an investor from Israel who turned it into a rental property for $150/mo more than my mortgage/tax/ins bill. I hated to let it go so cheap, but getting rid of it put $18k in my pocket by year end. I got a check as closing for $512. Girl at closing said most sellers in Plano were writing checks for $10k or MORE to get rid of their homes. Glad to be out of the house and out of Dallas really. Life in CS has been very relaxing.

[IHaveAMustang]

I bought mine at last year so hopefully it has no where else to go but up.

My neighborhood does have quite a bit of homes up for sale, and the few I noticed 2-3 months ago are all sold up. Hopefully, these will follow suit.

My neighborhood is the opposite. We are nestled right at I20 and 360 and we have 0 homes for sale by owner and only 1 foreclosure (winterized sticker on window/door)

This is a concrete neighborhood, and whenever a home does come up for sale, it goes very quickly.

I am hoping if I get my new job this coming Thursday (2nd interview) that I can sell here. I bought my home as a foreclosure at $119,900 for a 1706 sqft 2 story brick on .366 acres and is in a cul-de-sac with only 1 neighbor (forest is next door to me). I have upgraded the crap outta this house and it doesn't even look the same on the inside. I could care less if I broke even, because I could take ever penny we make for the next 8 months and just saavveee

I have a free house that my wife and I can move into and save up lots of cash before plunking it down on a nice house with a 15 year loan. I miss my Grandmother, but I am appreciative of the gift she left her son who doesn't mind letting me live there for 8 months.