theautolounge.net
January 20, 2018, 06:44:54 AM *
Welcome, Guest. Please login or register.

Login with username, password and session length
News: SMF - Just Installed!
 
  Home   Forum   Help Search Calendar Login Register  
Pages: [1] 2
  Print  
Author Topic: Housing market  (Read 2044 times)
Fox
Guest
« on: January 15, 2012, 01:37:10 AM »

If you live in California, Massachusetts, or certain other states I advice you look away.

I'm thinking about buying my third house maybe next year.. or so. Unless the market completely turns around; if the economy turns around, will house prices shoot way back up? 

Just curious what the market is like in your guys/galls area. Central Indiana has seen its fair share of foreclosures, and diminished property assessment values. Plus the fact that we where already benefited with "lower than average" housing cost.

http://www.zillow.com/homedetails/6713-Cordova-Dr-Indianapolis-IN-46221/1125015_zpid/

http://www.zillow.com/homedetails/5720-Sweet-River-Dr-Indianapolis-IN-46221/79611104_zpid/

http://www.zillow.com/homedetails/5825-Granner-Dr-Indianapolis-IN-46221/1126028_zpid/
^ $50,000. No interior photos, hmmm...

http://www.zillow.com/homedetails/5706-Simmul-Ln-Indianapolis-IN-46221/1126046_zpid/
^ $55,000. Needs some work.

http://www.zillow.com/homedetails/6684-Colleens-Way-Indianapolis-IN-46221/1126985_zpid/
Logged
RatherBNarizona
Master
*****
Posts: 990



View Profile
« Reply #1 on: January 15, 2012, 02:06:47 AM »

Most of Phx depended heavily on construction from the housing market, it completely tanked. In good news, I've never seen so many recent graduates buying their first homes right away. If it stays the way it is, that will be me in a year or two.
Logged

Mac
Fox
Guest
« Reply #2 on: January 15, 2012, 02:14:58 AM »

Yeah its crazy.

There is a local Apartment community in my area; 1 bedrooms start at $780 a month. For central Indiana, that is a little on the high side. I look at the parking lot, full of cars, and I wonder why. I get that there are some advantages to renting an apartment, but at $800 in this area?
Logged
Syncros
Master
*****
Posts: 923



View Profile
« Reply #3 on: January 15, 2012, 07:18:27 AM »

Well they range wildly here.

Victoria BC - $650,000
Vancouver BC - $1,090,000
Nanaimo BC - $360,000


But other smaller remote communities that aren't near a major city center are often affordable.
Logged
VTEC_Dreams
Global Moderator
Senior Member
*****
Posts: 273



View Profile
« Reply #4 on: January 15, 2012, 10:10:05 AM »

Richmond, VA (my fair city) was on the Today show recently for being a good "value for type/size of house" type place. I can vouch for that...the house I'm living in wasn't cheap (215 grand) , but it wasn't super expensive either considering how great it is. It's not a big house, but it's a cool retro suave 1950's California style ranch on almost half an acre in the woods--within the city limits, even--with a 10 minute walk to the river and a 6 minute commute to work. I'm also about 20 minutes to anywhere else in the area.

There are a number of houses around the area for sale around the same price as mine. None, in my opinion, are quite as nice (this house is a peach and we got it RIGHT after the housing bubble popped), but a number of them are much bigger.

I gotta say, I'm really fond of Richmond.

We've still got a fairly strong economy in the great Commonwealth, and our housing market didn't get pounded as bad as everyone else's in the country.

I feel for all you poor bastards West of here.
Logged

Anyhow...
Fox
Guest
« Reply #5 on: January 15, 2012, 12:04:31 PM »

...
I feel for all you poor bastards West of here.

Except I bought during the downturn.. if the prices go back up, I'm kind of banking!  Grin
Logged
Mikey
Full Member
***
Posts: 213


Shaaazoooo!


View Profile
« Reply #6 on: January 15, 2012, 11:25:47 PM »

Man I wish houses were that price here! Mine was 210000$. My parents paid 220000 for brand spanking new 7 years ago  Embarrassed
Logged
Moth
Full Member
***
Posts: 246


View Profile
« Reply #7 on: January 16, 2012, 12:52:22 PM »

Yeah the prices are pretty much skyrocketing in Northern VA, our 3 bedroom, 3 1/2 bathroom townhome (2,964 square feet) holds an estimated price of anywhere from 600k to 700k. It believe it was 200-400k five or so years ago.
Logged

88 Caprice- 305ci/700r4 combo, 75k miles

09 Challenger R/T- 5 speed auto, Stock for now
Kills: 98+ Camaro Z/28, 07 Mustang GT, Mazdaspeed3.
Fox
Guest
« Reply #8 on: January 17, 2012, 02:35:29 AM »

Yeah the prices are pretty much skyrocketing in Northern VA, our 3 bedroom, 3 1/2 bathroom townhome (2,964 square feet) holds an estimated price of anywhere from 600k to 700k. It believe it was 200-400k five or so years ago.

This is interesting. I take it that this may be an isolated case? Here in central Indiana analyst say we have a long way to go.

There are a number of houses on the market due to foreclosures and increased property taxes. It has been reported that the average house is on the market for 8-9 months. My previous house was for sell for 6 months before I decided to rent it out.
Logged
LSixer
Grand Master
******
Posts: 3386


Resident asshole of TAL


View Profile
« Reply #9 on: January 17, 2012, 10:16:41 AM »

Interesting. Nancy and I are looking at houses now as well. I still own mine where my ex and my kids live. Given the amount of foreclosures, we are looking at a nice small house, just under $50k. That is what it is listed at. I am going offer a third less and have a good feeling they will take it.
Logged

Fox
Guest
« Reply #10 on: January 23, 2012, 12:14:10 AM »

Those online "affordability" calculators are funny..

"You may be able to afford a purchase price of $353,500"... ok, I will keep that in mind 
https://www.usaa.com/inet/bk_re_quote/BkMtgAFC?action=INIT
Logged
Fox
Guest
« Reply #11 on: January 23, 2012, 12:20:36 AM »

Just for fun and @ $353,500 accordingly, I'm being a little conservative here:

http://www.realtor.com/realestateandhomes-detail/7838-Juniper-Ln_Avon_IN_46123_M44860-03826
^ I could afford this?
Logged
Rather B.Blown
Administrator
Grand Master
*****
Posts: 1820



View Profile
« Reply #12 on: January 23, 2012, 12:31:39 AM »

Just for fun and @ $353,500 accordingly, I'm being a little conservative here:

http://www.realtor.com/realestateandhomes-detail/7838-Juniper-Ln_Avon_IN_46123_M44860-03826
^ I could afford this?

.38 acres? No thanks. Give me more land, less house any day. I just couldn't live that close to other people, or in a subdivision period, especially where the houses are crammed together. People around here over the last decade or so have done that, build 4000 sq/ft houses on a tiny little lot and the house is literally 50 feet away from another house on each side. Eff that.
« Last Edit: January 23, 2012, 12:33:23 AM by Rather B.Blown » Logged



Fox
Guest
« Reply #13 on: January 23, 2012, 12:59:55 AM »

.38 acres? No thanks. Give me more land, less house any day. I just couldn't live that close to other people, or in a subdivision period, especially where the houses are crammed together. People around here over the last decade or so have done that, build 4000 sq/ft houses on a tiny little lot and the house is literally 50 feet away from another house on each side. Eff that.

I just randomly picked a $300,000 or so house. I'm not saying I would pick that house, for one its too big for me alone and neither do I like the location.

I do not have a problem with a subdivision; a cul-de-sac would be nice. I don't think I would be comfortable buying a condo. Heck, some of the condos around here have neighbors not just attached to the left/right of you, but also behind... condo? More like an apartment.
Logged
Rather B.Blown
Administrator
Grand Master
*****
Posts: 1820



View Profile
« Reply #14 on: January 23, 2012, 01:03:23 AM »

I just randomly picked a $300,000 or so house. I'm not saying I would pick that house, for one its too big for me alone and neither do I like the location.

I do not have a problem with a subdivision; a cul-de-sac would be nice. I don't think I would be comfortable buying a condo. Heck, some of the condos around here have neighbors not just attached to the left/right of you, but also behind... condo? More like an apartment.

I couldn't live in an apartment or a condo full time. I have to have some space and privacy.
Logged



Pages: [1] 2
  Print  
 
Jump to:  


Powered by MySQL Powered by PHP Powered by SMF 1.1.11 | SMF © 2006-2008, Simple Machines LLC
SimplePortal 2.2 © 2008-2009
Valid XHTML 1.0! Valid CSS!