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I'm selling our old house, have been working on getting it into tip top shape to get top dollar for it. In our area things are going for $101/sqft and that's the low end.

Our current house, when we bought it, we got for a steal of a deal because it was right before the Covid craziness. Now everyone is wanting to get out of the cities. So I'm thinking about selling this one, too, because we can make a decent profit on top of this without doing anything to it. I'm wanting to buy more acreage in the middle of no where and the houses I'm watching are selling the same day they're listed. It's crazy.

Just curious what you've seen in your areas, if any of you are watching the market.

I'm selling our old house, have been working on getting it into tip top shape to get top dollar for it. In our area things are going for $101/sqft and that's the low end. Our current house, when we bought it, we got for a steal of a deal because it was right before the Covid craziness. Now everyone is wanting to get out of the cities. So I'm thinking about selling this one, too, because we can make a decent profit on top of this without doing anything to it. I'm wanting to buy more acreage in the middle of no where and the houses I'm watching are selling the same day they're listed. It's crazy. Just curious what you've seen in your areas, if any of you are watching the market.

(post is archived)

[–] • 3 pts

Houses are getting above market offers and selling the same day they hit the market. White flight from the cities must be in full swing.

[–] • 0 pt

With all the money printing I'm actually wondering if these houses aren't being bought up by large corporations to push the agenda 21/32.

[–] • 1 pt

Nah it’s whites fleeing the cities. Smart enough to see the writing on the wall. At least in my area anyway. Houses on 20 acres going for 500k.

[–] [deleted] • 1 pt

When whites leave the city, they leave behind a bunch of empty, decreasing in value homes, which big Corps buy up.

[–] • 2 pts

Wife and I look all the time at various parts of the country. Plots of land in the middle of nowhere used to be $20k, now $30k. In my major city burb, everything is up 15-25%. Major cities themselves are down about 15%-ish. But smaller places, smaller cities, jumps are about 25-40%. In essence, high population areas have a lot of inventory and are worth a bit less. Everywhere else, it's going up, up, up. There are no more good deals.

[–] • 0 pt

In "fly over country" properties that were going for 12K-20K as late as early spring of 2020 are now going for 10 times that. It's been an obvious move to capitalize on the controlled insanity from major cities allowing themselves to be burned to the ground.

[–] • 1 pt

$101/sqft

about 4x that here

[–] • 1 pt (edited )

in my area land jumped up in 2020 (around June) 220% per acre.

Price are not only super high,...they're in high demand.

[–] • 1 pt

Market is crazy here. Home prices are soaring rent is up as well.

[–] [deleted] • 1 pt

New Yorkers are fleeing their shit hole and driving up prices here. They have to go back.

[–] • 1 pt

Over inflated housing prices usually signal a crash in the near future,hold on to what you have.

[+] [deleted] • 1 pt
[–] • 1 pt (edited )

prices are way up, inventory is down, and things move fast. I see lots of offers from California from buyers who havent visited the property. Half the time it falls through, but it takes the property off the market for 1-3 months. New Yorkers moved in last year and theyve left behind crazy cheap real estate in upstate new york. Also Virginia land is cheap as fuck as conservatives flee. You can buy a country club / golf course in New York State for 500k.

There have been no foreclosures for a year, yet more people wanted to relocate in 2020 than any year since WWII. in 2010-2015 foreclosures were 30% of sales. I suggest everyone who wants to buy wait, and everyone who wants to sell to hurry the fuck up because when the foreclosures restart, there will be a flood of cheap property

[–] • 0 pt

Foreclosures are very difficult to get your hands on, though. The property I'm selling was purchased as one, and I spent over a year trying to buy it. I ended up out bid, only for it to fall through and go back on the market because they wanted closing costs and the bank wouldn't do it.

I'm glad to hear about the sight unseen thing. Gives me hope for this one property I would really love to have in west virginia. It's in zone 7a, which I'm still scratching my head over how that's possible when it's nine hours north of me and I'm also in 7a.

[–] • 1 pt

Inventory is low nationwide because of the crazy low interest rates.

With interest rates at 2% everyone in the suburbs is remortgaging, so are disinclined to move. This is also pumping even more cash into the economy (as people are releasing equity during the remortage).

I expect there will be a combination of a housing price slump and serious inflation soon. I'm seeing generally garbage on the market here for 20-30% higher than it was at pre covid. We could make out very well selling g our house but for what, there's nothing decent out there to buy.

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