Money & Economics

  • Like
  • Wow
Reactions: gwminor48, anijet, mat200 and 1 other person
Spring, Tx is flooded with House Sales

1740798969277.png
 
  • Like
Reactions: mat200, Ssayer, bigredfish and 1 other person
Prices should start coming down and the Fed is likely going to be forced to lower rates.
All good for buyers.

Glad we were able to sell when we did
 
  • Like
Reactions: gwminor48, David L, Ssayer and 1 other person
bigredfish said:
Glad we were able to sell when we did
Click to expand...

We moved my mom from Oceanside to Port St Lucie in the space of two months. Sold her million dollar home in Cali on February 8th, put her on a plane, had a transporter pick up her dog, bought a house here on January 9th for her, had a friend drive the U-haul truck 3,000 miles and get her set up here.

My one huge worry was if we could sell her home for a price we felt was reasonable for her retirement.
 
Last edited:
  • Like
Reactions: gwminor48, David L, samplenhold and 3 others
bigredfish said:
Prices should start coming down and the Fed is likely going to be forced to lower rates.
All good for buyers.

Glad we were able to sell when we did
Click to expand...
Our house sold last year at the end of summer, 76 days on the market. We got lucky. Our daughter's house sold at 190 days on the market, end of last year. She got lucky too but she had to drop hers way too much, IMO. Since we listed, beginning of summer last year, I have been watching our old neighborhood area. Many houses have dropped off the listings, unsold, and have came back on. Some are past 6 months from when we sold, still unsold. I have seen prices drop already since we sold. Not by a whole lot, I figure by desperation since listing so long, don't know. I feel for those trying to sell now. It was hard for us because the flooded market. We got what we wanted, not too high or too low.

When Selling, one thing I did was looked at all the homes for sale that was close to ours in sq. footage, I looked as though I was buying. There were a few homes I would of bought instead of ours, they actually went fast. We had a pool so I am guessing we had half of the buyers that a home without a pool looking at our property. Our pool was nice, very nice actually but we had no Back Patio Cover, we used two large cantilever umbrellas, which worked great for us since we could move them around according to the sun's position, even one swung around to cover most all of our patio area. Well I may of messed up in taking those to our new house instead of leaving them. Some of the comments left during showings were about no sun protection in the pool area. So the homes with pools that had covers sold quicker...you live and learn...
 
  • Like
Reactions: mat200, Ssayer, bigredfish and 1 other person
Yeah, we had a very nice pool as well, which I had put $25K into in 2018 renovating. That helped our sale. Still we literally got out on the top, $75K above anything else in the immediate area. This was summer of '22. Its now down $60K from where we sold on Zillow

The first and probably last time we do great on a house :rolleyes:
 
  • Like
Reactions: mat200, samplenhold, Ssayer and 4 others
"Some shoppers are running out of money before the end of the month and turning to smaller pack sizes for consumer goods"

Walmart CEO warns food prices are causing 'frustration and pain'​

www.arcamax.com

Walmart CEO warns food prices are causing 'frustration and pain'

The chief executive officer of Walmart Inc. said American consumers are showing signs of stress as food prices remain stubbornly high.
www.arcamax.com www.arcamax.com
 
  • Like
Reactions: mat200, Ssayer, David L and 1 other person
bigredfish said:
Yeah, we had a very nice pool as well, which I had put $25K into in 2018 renovating. That helped our sale. Still we literally got out on the top, $75K above anything else in the immediate area. This was summer of '22. Its now down $60K from where we sold on Zillow

The first and probably last time we do great on a house :rolleyes:
Click to expand...
That was a good year to sale. Prices shot way up in 2021-22 But buying a house would of also been high. We were pretty much right on the money with our sale compared to other houses our size. We paid $32k for our 10k gal. pool install 2014, Travertine Coping, Variable Speed Pump, WetEdge (PebbleTec), SprayCrete decking, we got a good deal then, same size pool is double or more that cost now.
I have eyed same floor plan/size house(s) as ours minus the pool and they sold around $40k less than ours so we were right in range pricewise with our pool. Was always told you normally only get about half of your pool cost back when selling. Thanks to the crazy market we got it all back. But we paid way too much on our new place, IMO...all housing is extremely overpriced...we got $190k 12 years later more than we paid for our house in 2012.
BUT, all we did was use that money to way over pay on our current house, which is even 200 sq. ft. smaller than our 2012 house. Yes, we made a nice profit since no mortgage was owed and our new property is 10 acres now compared to about an 1/8 of an acre, but we paid way too much per acre IMO. The $1k per acre days are way over...you can easily add a zero to that price now...
 
  • Like
Reactions: mat200, gwminor48, Ssayer and 1 other person
Yes and to be honest, as I've said before, we were lucky to have someplace to go to without a big investment. Downsized to be sure! But for $50K and with a million dollar view, it was one of the smartest things I ever did. And I dont do that many smart things. ;)
 
  • Like
  • Haha
  • Love
Reactions: mat200, samplenhold, gwminor48 and 3 others
gwminor48 said:
"Some shoppers are running out of money before the end of the month and turning to smaller pack sizes for consumer goods"

Walmart CEO warns food prices are causing 'frustration and pain'​

www.arcamax.com

Walmart CEO warns food prices are causing 'frustration and pain'

The chief executive officer of Walmart Inc. said American consumers are showing signs of stress as food prices remain stubbornly high.
www.arcamax.com www.arcamax.com
Click to expand...

Walmart .. for what I typically buy, i can find cheaper at many other food stores.

Walmart in general I find over priced for food.
 
  • Like
Reactions: Ssayer and bigredfish
  • Like
Reactions: Ssayer and bigredfish
bigredfish said:
Fortunately i think I'll be $4.95 short of the limit :rolleyes:
Click to expand...
I missed the last sentence in that paragraph, I thought it was going away altogether.

1741141901053.png

So even half is no where my concern.
 
  • Like
Reactions: Ssayer, gwminor48 and bigredfish
Disturbing

 
  • Like
Reactions: David L
bigredfish said:
Disturbing

Click to expand...

We saw where the Gov't will be getting their bitcoin is from criminals, guess seizures...

I have no bitcoins but amazingly it has done quite well. As long as the Gov't does not get greedy and throwing a bunch of Our money into it, maybe it will be a good Reserve. Who knows...
 
So did they ever count the gold in Fort Knox?
 
  • Like
Reactions: David L
samplenhold said:
So did they ever count the gold in Fort Knox?
Click to expand...


Not yet, but they've been flying it in from Switzerland and the Bank Of England to fill the shelves before the big reveal...

Start at 4:27


Unprecedented Surge In Swiss Gold Imports Sends US Trade Deficit To Record High In January | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

Next Gold Move Will Surprise The World | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

The Gold At Fort Knox Was Stolen From Americans | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com
 
  • Like
Reactions: samplenhold and David L
You must log in or register to reply here.
Top Bottom