Addiction LXXVIII
So it is
Join Date: Sep 2008
Location: Westminster, CO
Posts: 21,860
Bikes: Luzerne, 684, Boreas, Wheelhouse, Alize©®, Bayamo, Cayo
Liked 5,268 Times
in
3,005 Posts
Likes For LAJ:
serious cyclist
Join Date: Apr 2009
Location: Austin
Posts: 21,147
Bikes: S1, R2, P2
Liked 3,685 Times
in
2,028 Posts
Fat n slow
Join Date: Oct 2013
Location: Saratoga, NY
Posts: 4,323
Bikes: Cervelo R3, Giant Revolt
Liked 2,105 Times
in
985 Posts
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.
serious cyclist
Join Date: Apr 2009
Location: Austin
Posts: 21,147
Bikes: S1, R2, P2
Liked 3,685 Times
in
2,028 Posts
“Hey buddy, I don’t go bothering you while you’re eating breakfast!”
Likes For Bah Humbug:
dot dash
Join Date: Jun 2015
Location: Land of Pleasant Living
Posts: 12,566
Bikes: Shmikes
Liked 6,167 Times
in
3,320 Posts
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.
serious cyclist
Join Date: Apr 2009
Location: Austin
Posts: 21,147
Bikes: S1, R2, P2
Liked 3,685 Times
in
2,028 Posts
Should Be More Popular
Join Date: Dec 2007
Location: Malvern, PA (20 miles West of Philly)
Posts: 43,634
Bikes: 1986 Alpine (steel road bike), 2009 Ti Habenero, 2013 Specialized Roubaix
Liked 9,565 Times
in
4,422 Posts
Fat n slow
Join Date: Oct 2013
Location: Saratoga, NY
Posts: 4,323
Bikes: Cervelo R3, Giant Revolt
Liked 2,105 Times
in
985 Posts
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.
dot dash
Join Date: Jun 2015
Location: Land of Pleasant Living
Posts: 12,566
Bikes: Shmikes
Liked 6,167 Times
in
3,320 Posts
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.
dot dash
Join Date: Jun 2015
Location: Land of Pleasant Living
Posts: 12,566
Bikes: Shmikes
Liked 6,167 Times
in
3,320 Posts
Fat n slow
Join Date: Oct 2013
Location: Saratoga, NY
Posts: 4,323
Bikes: Cervelo R3, Giant Revolt
Liked 2,105 Times
in
985 Posts
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.
Likes For phrantic09:
Should Be More Popular
Join Date: Dec 2007
Location: Malvern, PA (20 miles West of Philly)
Posts: 43,634
Bikes: 1986 Alpine (steel road bike), 2009 Ti Habenero, 2013 Specialized Roubaix
Liked 9,565 Times
in
4,422 Posts
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.
serious cyclist
Join Date: Apr 2009
Location: Austin
Posts: 21,147
Bikes: S1, R2, P2
Liked 3,685 Times
in
2,028 Posts
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.
dot dash
Join Date: Jun 2015
Location: Land of Pleasant Living
Posts: 12,566
Bikes: Shmikes
Liked 6,167 Times
in
3,320 Posts
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.
dot dash
Join Date: Jun 2015
Location: Land of Pleasant Living
Posts: 12,566
Bikes: Shmikes
Liked 6,167 Times
in
3,320 Posts
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.
Should Be More Popular
Join Date: Dec 2007
Location: Malvern, PA (20 miles West of Philly)
Posts: 43,634
Bikes: 1986 Alpine (steel road bike), 2009 Ti Habenero, 2013 Specialized Roubaix
Liked 9,565 Times
in
4,422 Posts
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.
smelling the roses
Join Date: Nov 2010
Location: Tixkokob, Yucatán, México
Posts: 15,320
Bikes: 79 Trek 930, 80 Trek 414, 84 Schwinn Letour Luxe (coupled), 92 Schwinn Paramount PDG 5
Liked 901 Times
in
612 Posts
smelling the roses
Join Date: Nov 2010
Location: Tixkokob, Yucatán, México
Posts: 15,320
Bikes: 79 Trek 930, 80 Trek 414, 84 Schwinn Letour Luxe (coupled), 92 Schwinn Paramount PDG 5
Liked 901 Times
in
612 Posts
dot dash
Join Date: Jun 2015
Location: Land of Pleasant Living
Posts: 12,566
Bikes: Shmikes
Liked 6,167 Times
in
3,320 Posts
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!
dot dash
Join Date: Jun 2015
Location: Land of Pleasant Living
Posts: 12,566
Bikes: Shmikes
Liked 6,167 Times
in
3,320 Posts
Fat n slow
Join Date: Oct 2013
Location: Saratoga, NY
Posts: 4,323
Bikes: Cervelo R3, Giant Revolt
Liked 2,105 Times
in
985 Posts
Likes For phrantic09:
Likes For SwtBadger:
serious cyclist
Join Date: Apr 2009
Location: Austin
Posts: 21,147
Bikes: S1, R2, P2
Liked 3,685 Times
in
2,028 Posts
My 2016 cowboy photo is going to be Adventure Cycling Association's
newsletter photo of the week next week. I steered clear of those critters.
newsletter photo of the week next week. I steered clear of those critters.
Likes For indyfabz:
cowboy, steel horse, etc
Join Date: Sep 2008
Location: The hot spot.
Posts: 46,002
Bikes: everywhere
Liked 8,528 Times
in
4,543 Posts
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.