NFR How's the housing market where you live?

Non-fishing related
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Salmo_g said:
My daughters were up here last month from California. Talking real estate prices is like speaking different languages. They're talking about doing a $600,000 remodel on the Oakland duplex, and I'm thinking they could buy my whole house and property for less than that. My youngest tried to give me some perspective about how and why Bay Area buyers go to Seattle or Bozeman and bid up house prices in $100,000 increments. A house, just a regular ole house, priced at less than 2 million dollars is considered a bargain, maybe even a steal, in the context of their real estate world. Oy!
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It’s evil, financed evil, flipping evil. Realestate agents have replaced the age old lawyer taint with REA’s topping my list. Phone calls mail drive by’s for recon tours and harassment(my word for it) predatory is another. My oldest daughter used to refer to her $800,000 2200 sq ft split level in a planned community of cul d sacs as a shack in Brentwood CA…and that was 12 or so years ago.
 
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Capt Insano Emeritis said:
It’s evil, financed evil, flipping evil. Realestate agents have replaced the age old lawyer taint with REA’s topping my list. Phone calls mail drive by’s for recon tours and harassment(my word for it) predatory is another. My oldest daughter used to refer to her $800,000 2200 sq ft split level in a planned community of cul d sacs as a shack in Brentwood CA…and that was 12 or so years ago.
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My nephew bought a place in Palo Alto recently (He works for Google). It is 1,000 square feet, flat roof, looks like a couple shoeboxes set next to each other. He paid $1.1 million. And that was 3 years ago! I imagine that crackerbox has doubled in value by now.
 
Driftless Dan said:
My nephew bought a place in Palo Alto recently (He works for Google). It is 1,000 square feet, flat roof, looks like a couple shoeboxes set next to each other. He paid $1.1 million. And that was 3 years ago! I imagine that crackerbox has doubled in value by now.
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Ironically the lead story in the local is:

COUNCIL: Let’s Discuss Affordability
That is laughable.

The average income in Clark County as of 2020 is 37,703/per year.
Rent for a turd of a one bedroom apartment about $1400 / month
 
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I remember a visit to Stanford about 18 years ago and having adjacent residential dumps being pointed to me as recently purchased for $1 - $2 million.
 
Retired 4 years now. When figuring out my Soc security back then i looked at my earnings statements by year. Always thought I would never make a million. Well i did… But in that time since retirement reflection or hindsight … a what should not be startling because it happens to most. On my social sec monthly - my only income other than if i sell paintings or something… i would basically be homeless. The rent… good gawd! But i live with my life long sweetheart. She did okay soc sec and PERS… she never had an employment break or unemployment and had to search. For 12 years i played that game, colored by age discrimination and interview requirements. Still, I am okay… However, when i reflect about this post,I do know the volatile economy and so many elements at play,have resulted in a tremendous number of families on the streets. There are always well meaning folks in a lot worse shape. Perhaps that is a truism. And a lot have turned to thievery. The housing market is crazy. This is just a simple minded rant about the economy a tossed salad with caesar dressing and a cockroach on top for the garnish.
 
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Just did a quick jaunt through Bozeman. Amazing. So much building. I thought I understood the growth you're experiencing, but seeing it in person really hit home. Seems like only the beginning. With so many services being built it looks like a preparation for tons more growth.
 
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headduck said:
Just did a quick jaunt through Bozeman. Amazing. So much building. I thought I understood the growth you're experiencing, but seeing it in person really hit home. Seems like only the beginning. With so many services being built it looks like a preparation for tons more growth.
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Montana is the new Washington. Watch their fisheries erode, the water get sucked dry from ag and residential usage, and the population turn into something that will be unrecognizable to those who have lived or traveled there prior to the 2010s. Oh, and their politics and homelessness head in gross directions.
 
JS said:
Montana is the new Washington. Watch their fisheries erode, the water get sucked dry from ag and residential usage, and the population turn into something that will be unrecognizable to those who have lived or traveled there prior to the 2010s. Oh, and their politics and homelessness head in gross directions.
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That's exactly what the Blackfeet, Flathead, Sioux, Crow and Chippewa have been saying for the past 175 years!
 
ARecher said:
Was able to get a place in Sequim. Closes in a few weeks. Needs a lot of work/updating but, with the rent increase we were facing, the mortgage payment will be about the same. Hopefully it'll be a good location for fishing adventures to the East and West.
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Congrats!
SF
 
ARecher said:
Was able to get a place in Sequim. Closes in a few weeks. Needs a lot of work/updating but, with the rent increase we were facing, the mortgage payment will be about the same. Hopefully it'll be a good location for fishing adventures to the East and West.
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Welcome to the hood. I thinks it's pretty well connected. Heading east is more a pain then heading west. Ferries help a bit. You'll be as busy as you want to be.

Contractors are calling the shots here and are hit and miss with quality if you can even book 'em. If you can swing a hammer yourself I'd suggest doing so.
 
Driftless Dan said:
My nephew bought a place in Palo Alto recently (He works for Google). It is 1,000 square feet, flat roof, looks like a couple shoeboxes set next to each other. He paid $1.1 million. And that was 3 years ago! I imagine that crackerbox has doubled in value by now.
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This made me think of this song from 1962!!! Little boxes…Pete Seeger had a hit with it too. Good on your nephew though. He can retire earlier but where to? Bozeman 😎

Dave

genius.com

Malvina Reynolds – Little Boxes

What Tom Lehrer called “the most sanctimonious song ever written,” “Little Boxes” is a song written in 1962 by the folk singer Malvina Reynolds about the conformist, quick-fix
genius.com genius.com
 
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