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Topic: In other news ...

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OrangeAfroMan

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Re: In other news ...
« Reply #3990 on: March 25, 2021, 02:53:12 PM »
No giant, shirtless fathead of Ron Dayne?
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SFBadger96

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Re: In other news ...
« Reply #3991 on: March 25, 2021, 03:33:12 PM »
The problem with "luxury" real estate in the San Francisco Bay Area is that the average home price here basically qualifies as "luxury" in most places. $3M in my neck of the woods gets you a reasonably nice 2500 sq. ft., 4/2 with a 5000 sq. ft. lot. But probably not in the "more desirable" parts of town.

And that number has continued to climb throughout COVID.

For long-term investors, I can believe that they think the market has to slow down in our area. That seems logical because the growth has been sustained since 2009, and had recovered from 2008 by about 2010.

I feel very lucky that we bought our home in 2008--when we could barely afford what we got, which was a (moderate) fixer-upper, and only because of the moderate drop caused by the financial crisis. 
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Mdot21

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Re: In other news ...
« Reply #3992 on: March 25, 2021, 04:24:58 PM »
Quote from: SFBadger96 on March 25, 2021, 03:33:12 PM
The problem with "luxury" real estate in the San Francisco Bay Area is that the average home price here basically qualifies as "luxury" in most places. $3M in my neck of the woods gets you a reasonably nice 2500 sq. ft., 4/2 with a 5000 sq. ft. lot. But probably not in the "more desirable" parts of town.

And that number has continued to climb throughout COVID.

For long-term investors, I can believe that they think the market has to slow down in our area. That seems logical because the growth has been sustained since 2009, and had recovered from 2008 by about 2010.

I feel very lucky that we bought our home in 2008--when we could barely afford what we got, which was a (moderate) fixer-upper, and only because of the moderate drop caused by the financial crisis.
from Forbes: 
South Florida’s real estate resurgence has all the signs of a boom that’s here to stay for a while as the country’s other major metropolises like Manhattan and San Francisco struggle with a long-term re-pricing in the other direction.
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Mdot21

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Re: In other news ...
« Reply #3993 on: March 25, 2021, 04:42:58 PM »
Quote from: 847badgerfan on March 25, 2021, 12:38:30 PM

Nice kitchen. And boat. 

I have a 10x10 high end custom German kitchen if you need it for that boat. It was a display, knocking the building down need to get rid of the shit inside it.

Also got a 43" La Cornue range for the kitchen if you're looking. High-end shit, hand assembled in France.

https://ibb.co/5jWpNFL
https://ibb.co/NsPyCg3
https://ibb.co/swgPkw2

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Cincydawg

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Re: In other news ...
« Reply #3994 on: March 25, 2021, 04:45:08 PM »
Home Prices: High demand is met with low inventory and a constrained housing market, driving a sustained upward trend in Atlanta home prices. The result is that the average and median sales prices continue to gain traction and outpace 2020’s figures, with positive gains. The median sales price in January was $309,000, an increase of 17.9% from last January. The average sales price was $379,000, up 17.9% from the previous year.
Housing Supply: The metro Atlanta housing market has been leaning in favor of sellers for several years, and the shortage of homes has been even more acute during this pandemic. Atlanta area housing inventory totaled 8,133 units in January, a decrease of 48.5% from January 2020.
New listings totaled 6,679, down 19.4% from January 2020 and up 27.1% from the previous month. The month’s supply over a 12-month period decreased to 1.2 months, which means sellers still cannot meet buyer demand. Experts consider the market balanced when the number of listings is equal to about six months of sales. 
Atlanta Housing Market Trends
Courtesy of Atlanta REALTORS®
Listing Prices: Realtor.com's January 2021 report shows that the median list price of homes in the city of Atlanta, GA was $345K, trending up 11.3% year-over-year. The median listing price per square foot was $234. The median sale price was $310K. Sale-to-List Price Ratio was 98.97%, which means that homes in Atlanta sold for very close to their asking prices on average in January. Ideally, a buyer would prefer a sale to list price ratio that’s closer to 90% while a seller would always prefer scenarios that can yield a ratio of 100% or higher.
There are 202 neighborhoods in and around Atlanta, GA where Realtor.com has listings. Morningside – Lenox Park has a median listing price of $812K, making it the most expensive neighborhood. Venetian Hills is the most affordable neighborhood, with a median listing price of $248.1K.

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Mdot21

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Re: In other news ...
« Reply #3995 on: March 25, 2021, 04:45:56 PM »
property values are going up everywhere because there's very little inventory. 

I know for example in South Florida there is literally none. It's the lowest number of homes listed for sale on the MLS in at least 13 years. And there is next to no new construction, as there is literally no land. Can't make new land. 

Shit ton of people moving to South Florida + little new construction + lowest number of homes for sale on MLS = crazy high prices. Shit ton of demand, but no supply. And the demand isn't stopping any time soon.
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Mdot21

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Re: In other news ...
« Reply #3996 on: March 25, 2021, 04:47:31 PM »
also: price for construction materials were SKYrocketing due to covid- and now with fuel prices going sky high- that's a bad combo. Labor is up too because no one wants to work- everyone getting unemployment sitting on their asses. 

Cost of construction is super high right now.
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Cincydawg

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Re: In other news ...
« Reply #3997 on: March 25, 2021, 04:47:41 PM »
You can tear down and  build up, and Hawaii even adds new land each  year.
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Mdot21

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Re: In other news ...
« Reply #3998 on: March 25, 2021, 04:49:25 PM »
Quote from: OrangeAfroMan on March 25, 2021, 11:49:23 AM
I hope they're all on stilts....
You don't see the ugly stilt homes in South Florida. You see that in the white trash pandhandle parts.

We're all going to be OK anyway- didn't you hear? Joe Biden is here to save us all from the bad orange man. That's if a staircase doesn't take him out before he can save us.
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FearlessF

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Re: In other news ...
« Reply #3999 on: March 25, 2021, 04:50:07 PM »
Quote from: Mdot21 on March 25, 2021, 04:47:31 PM
also: price for construction materials were SKYrocketing due to covid- and now with fuel prices going sky high- that's a bad combo. Labor is up too because no one wants to work- everyone getting unemployment sitting on their asses.

Cost of construction is super high right now.
that's what is happening here
many projects put on hold or shut down
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847badgerfan

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Re: In other news ...
« Reply #4000 on: March 25, 2021, 04:50:56 PM »
Quote from: Mdot21 on March 25, 2021, 04:42:58 PM
Nice kitchen. And boat.

I have a 10x10 high end custom German kitchen if you need it for that boat. It was a display, knocking the building down need to get rid of the shit inside it.

Also got a 43" La Cornue range for the kitchen if you're looking. High-end shit, hand assembled in France.

https://ibb.co/5jWpNFL
https://ibb.co/NsPyCg3
https://ibb.co/swgPkw2


Haha.

I can't get a 10x10 kitchen into a 24 foot boat. :)

Also, we do not have gas. All electric so I went with a Samsung induction top.
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Mdot21

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Re: In other news ...
« Reply #4001 on: March 25, 2021, 04:51:06 PM »
Quote from: FearlessF on March 25, 2021, 04:50:07 PM
that's what is happening here
many projects put on hold or shut down
nothing is put on hold or shut down here- still too much demand and money to be made even with the high material/labor prices.
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847badgerfan

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Re: In other news ...
« Reply #4002 on: March 25, 2021, 04:52:08 PM »
Yeah, there are no stilt homes around here, except for some on Pine Island. They keys have quite a few if I remember right.
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Mdot21

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Re: In other news ...
« Reply #4003 on: March 25, 2021, 04:54:36 PM »
Quote from: 847badgerfan on March 25, 2021, 04:50:56 PM
Haha.

I can't get a 10x10 kitchen into a 24 foot boat. :)

Also, we do not have gas. All electric so I went with a Samsung induction top.
Induction is the way to go if you can't get gas. Electric sucks. 

I saw you said something about the roof, if you're looking to do a new metal roof- I can put you in touch with a guy who does the fabricates and installs. He only does metal only and don't know if he services all parts of Florida- but his prices just can't be beat by anyone. Just used him on a 5,200 sq ft. home in Delray Beach on the intercoastal and his price was 17k less than every other roofer I had bid the job. 

He has all the machines and buys the metal and makes the roof himself, he's not going through a middle man like just about every other roofer.
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