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Post by illinoisfisherman on Jul 22, 2024 10:13:15 GMT -5
I believe waterfront on the gulf had doubled in the last two or three years even with the insane insurance rates.
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Post by swampdog on Jul 22, 2024 10:53:23 GMT -5
Today if people want something and have the money, they buy it. Some have to finance it, so if prices or interest rates rise, they may hold off. There are still a lot of “heavy hitters” looking to buy homes. A lot even buy them as second homes. “The Beat Goes On”
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Post by restlessnative on Jul 22, 2024 15:53:08 GMT -5
According to Zillow both my primary residence and 2nd home have more than tripled since I purchased them in 2018 and 2020, respectively. Something along the lines of dirt rich and cash poor, but we're doin' alright.
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Post by PolarsStepdad on Jul 22, 2024 15:57:42 GMT -5
What’s the old saying in real estate? Your house is only worth what someone else will pay for it?😉 Here in Bay county the home prices vary depending on age and what hood you’re in. Lots of people pouring in from places like Illinois, California and Minnesota, not to mention the Houston area. Seems they don’t care what the price is. A couple from Chicago bought a house two doors down from mine. $263 K!!!! I didn’t have the heart to tell them I only paid 52K for mine in 94’. People .oving across the state line after Michael boosted our prices for a couple of years. And people moving from Cali and elsewhere are keeping it a float but I have noticed where as homes were pending in hours a year or so ago they are staying listed for weeks now. Maybe everybody that could move has just about made the leap? Now it's the corporations and Chinese gobbling everything up. When andif I decide to sell mine I will refuse to sell to a corporation. I will only sell to an individual or family that wants a home.
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Post by mackeralsnatcher on Jul 22, 2024 16:02:23 GMT -5
I paid 22k for my house back in 1980. It's gone up in value a bit since then
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Post by PolarsStepdad on Jul 22, 2024 17:33:14 GMT -5
I paid 22k for my house back in 1980. It's gone up in value a bit since then Pops was 40k on 1980. At 10% 🤯
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Post by cracker4112 on Jul 22, 2024 17:47:06 GMT -5
South Tampa has been stupid. I live in a nice house, but not anything special. It was a spec home we bought in 2016. I know I can get double what I paid for it.
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Post by One Man Gang on Jul 22, 2024 19:56:03 GMT -5
West palm beach is off the chain.
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Post by GaryS on Jul 23, 2024 5:27:42 GMT -5
Heard Lennar just bought a 5 acre nursery with a home on it for 2 million just north of Homestead.
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Post by 1outlaw on Jul 23, 2024 7:45:43 GMT -5
We own properties on both sides of our home. They are 1.16 acre, i paid $20K for them 6 years ago. Shortly after i was getting offers to buy the properties for about what i paid. Here recently im getting offers in the $80-100K range for each. Called my realtor to ask if these were legit offers. She said yes and its in my best interest to hold onto them as they will still continue to go up in value.
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Post by misterjr on Jul 23, 2024 9:19:35 GMT -5
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Post by johngalt on Jul 23, 2024 10:23:29 GMT -5
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Post by misterjr on Jul 23, 2024 10:30:12 GMT -5
I think more than half are rented when I drive by and see cars in the driveway. I don't get it.....
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kingme
Junior Member
Posts: 28
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Post by kingme on Jul 23, 2024 15:35:20 GMT -5
This is pretty shocking, glad I'm not a first time home buyer right now! Now, Americans must earn roughly $106,500 in order to comfortably afford a typical home, a significant increase from the $59,000 annual household income that put homeownership within reach for families in 2020, according to new research from digital real estate company Zillow. www.cbsnews.com/news/salary-homes-how-much-you-need-to-earn-to-buy-a-home/
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Post by richm on Jul 23, 2024 15:49:13 GMT -5
Those rents are staggering! About $75K/yr just to rent a place. That's messed up. There are a handful of builders who build subdivisions just to rent the houses. If folks aren't careful, there won't be a lot of houses to choose from for buying.
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