Addiction LXXVIII
So it is
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serious cyclist
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Fat n slow
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It’s really been a litany of errors on the part of our realtor that got us here, which is why we fired her and went in another direction. We could have taken the risk on this place, but our offer was already 15 over what I thought the house was worth and I wasn’t willing to buy a house that wouldn’t appraise for the purchase price. That’s just silly.
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“Hey buddy, I don’t go bothering you while you’re eating breakfast!”
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what really burns us is that we got horrible advice from our realtor regarding value of a house we absolutely loved back last September. She was overly conservative and protective and in hindsight didn’t understand the market in our specific area so we missed out. That house would easily go for 30-40 more than what it sold for last year right now.
It’s really been a litany of errors on the part of our realtor that got us here, which is why we fired her and went in another direction. We could have taken the risk on this place, but our offer was already 15 over what I thought the house was worth and I wasn’t willing to buy a house that wouldn’t appraise for the purchase price. That’s just silly.
It’s really been a litany of errors on the part of our realtor that got us here, which is why we fired her and went in another direction. We could have taken the risk on this place, but our offer was already 15 over what I thought the house was worth and I wasn’t willing to buy a house that wouldn’t appraise for the purchase price. That’s just silly.
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serious cyclist
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Should Be More Popular
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Fat n slow
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No inventory. Rates are good, the economy is good locally, but nothing is on the market.
We’re south of Saratoga in Malta. Globalfoundries (AMD spin off) just bought another 70 acres of land here to expand their fab so I expect this is just the beginning if they’re bringing another 3k employees in.
We’re south of Saratoga in Malta. Globalfoundries (AMD spin off) just bought another 70 acres of land here to expand their fab so I expect this is just the beginning if they’re bringing another 3k employees in.
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No inventory. Rates are good, the economy is good locally, but nothing is on the market.
We’re south of Saratoga in Malta. Globalfoundries (AMD spin off) just bought another 70 acres of land here to expand their fab so I expect this is just the beginning if they’re bringing another 3k employees in.
We’re south of Saratoga in Malta. Globalfoundries (AMD spin off) just bought another 70 acres of land here to expand their fab so I expect this is just the beginning if they’re bringing another 3k employees in.
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Fat n slow
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some of it is on us too, we’re super picky, have limited ourselves essentially to one or two neighborhoods in Malta and don’t want anything much bigger than 2000SF, nor do we want new construction because they’re all houses in the middle of a field with no trees or shade. The hood we are in now(and want to stay in) is cut into an old growth timber forest, there’s 100-200 feet of trees and nature trail between the backs of houses and just generally more appealing to us.
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Should Be More Popular
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Agree. I am not a market timer (which is a fool's errand IMO), I have most of my investments on auto-pilot so will ride it all out. I am kinda expecting a decent drop in the market sometime this year, however.
If I were really smart we would sell our house and move into a rental, but moving is too much of a PITA so will sit tight on modest real estate holdings too.
If I were really smart we would sell our house and move into a rental, but moving is too much of a PITA so will sit tight on modest real estate holdings too.
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serious cyclist
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Agree. I am not a market timer (which is a fool's errand IMO), I have most of my investments on auto-pilot so will ride it all out. I am kinda expecting a decent drop in the market sometime this year, however.
If I were really smart we would sell our house and move into a rental, but moving is too much of a PITA so will sit tight on modest real estate holdings too.
If I were really smart we would sell our house and move into a rental, but moving is too much of a PITA so will sit tight on modest real estate holdings too.
The reason housing and equities haven’t tanked (yet?) is the hugely disparate nature of this. People like AG and me can still just buy a house; those hurt worst were mostly renters. They also weren’t buying equities. And with all real estate being local, places like Austin are still in high demand, and Saratoga was always one of the swanky places to have a place upstate (and now lets you escape the plague for a while). I’d wager that Schenectady is much worse. Or Abilene.
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Thanks, it’ll work out (eventually).
some of it is on us too, we’re super picky, have limited ourselves essentially to one or two neighborhoods in Malta and don’t want anything much bigger than 2000SF, nor do we want new construction because they’re all houses in the middle of a field with no trees or shade. The hood we are in now(and want to stay in) is cut into an old growth timber forest, there’s 100-200 feet of trees and nature trail between the backs of houses and just generally more appealing to us.
some of it is on us too, we’re super picky, have limited ourselves essentially to one or two neighborhoods in Malta and don’t want anything much bigger than 2000SF, nor do we want new construction because they’re all houses in the middle of a field with no trees or shade. The hood we are in now(and want to stay in) is cut into an old growth timber forest, there’s 100-200 feet of trees and nature trail between the backs of houses and just generally more appealing to us.
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Agree. I am not a market timer (which is a fool's errand IMO), I have most of my investments on auto-pilot so will ride it all out. I am kinda expecting a decent drop in the market sometime this year, however.
If I were really smart we would sell our house and move into a rental, but moving is too much of a PITA so will sit tight on modest real estate holdings too.
If I were really smart we would sell our house and move into a rental, but moving is too much of a PITA so will sit tight on modest real estate holdings too.
With these rates, you might as well just refinance if you want investment cash.
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Should Be More Popular
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We set up a charitable trust to offload highly appreciated stuff and we're moving very slowly to more bonds and fixed income in order to hit retirement in a slightly more conservative posture, but that's all we're doing.
With these rates, you might as well just refinance if you want investment cash.
With these rates, you might as well just refinance if you want investment cash.
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smelling the roses
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smelling the roses
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Not a bad idea. All I did was move kids' college savings that was in a fund-based account over to short-term bond account about 1 year ago since we will need to access those funds in the next few years. Everything else is for farther down the road (I hope we are alive to use it!) so let it ride!
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Fat n slow
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My 2016 cowboy photo is going to be Adventure Cycling Association's
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newsletter photo of the week next week. I steered clear of those critters.
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newsletter photo of the week next week. I steered clear of those critters.
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cowboy, steel horse, etc
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No cows spotted on today's ride, but I did see a coyote, and he looked hungry! I didn't take his pic, just this standard pic of the bike leaning on a creosote.
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