Someone can sell a house with a squatter living in the basement? Somebody should tell SJG's mom that all she has to do to be free of him is sell her house this way.
For sale - 3 bed / 2ba home in beautiful San Jose California includes 1 squatter and 1 goat in the basement. Potential buyers should not look at lower level - violating this rule may cause mental anguish and the urge to gouge your eyes out after seeing what the squatter does with his goat.
“For sale - 3 bed / 2ba home in beautiful San Jose California includes 1 squatter and 1 goat in the basement. Potential buyers should not look at lower level - violating this rule may cause mental anguish and the urge to gouge your eyes out after seeing what the squatter does with his goat.”
Also add - purple huffy bike chained to fence outside, please do not remove. Also must provide free internet access with no adult content restrictions to goat and squatter in basement.
Yeah I find it wild that people are paying WAYYY over asking price just about everywhere I know of and going into crazy bidding wars and everybody skips the home inspection.
I cannot imagine buying a house for way over asking price and not even knowing if there is something fucked up with the electrical or some other high dollar fix(es).
A friend of mine moved locally, to be closer to work. The house they bought NEW in 2018 for $240,000, did about $100,000 improvements (sod, irrigation, fencing, caged pool, walk-in shed, appliances), listed for a week and a half, sold for $415,000 which was $15K over list, with an adder for up to an additional $15K against any competing offer. The homes which met their criteria were not listing for less than $400,000 and were usually under contract within a week. They wound up buying a 3500sf pool home which was in the tax rolls for maybe $375,000 and listed at $625,000, which they bought at list.
Everything has created a perfect storm for homebuying (as opposed to renting, particularly in an urban area).
Every 15 or 20 years, there is a correction in an overblown housing market. And, this always shocks a generation of younger people who thought such things were impossible.
In the long run, the price of homes is linked to income levels. When prices accelerate faster than income, there must be an adjustment at some point. We are now entering such a correction. It will happen gradually, then all at once as speculators stop buying.
The markets that have seen the biggest appreciation will drop the most. Other markets will see little change.
In a lot of markets, the median price of a home is now $500,000. A few months ago, when mortgages were 3%, that was affordable for a regular worker. Monthly mortgage of $1,500- $2,000. Now that mortgages are 5%, soon to be 6%, only high income workers can afford that home. Mortgages of $3,000-$4,000. We are fast approaching a point where, instead of multiple offers, home sellers will get no offers.
16 comments
SJG
For sale - 3 bed / 2ba home in beautiful San Jose California includes 1 squatter and 1 goat in the basement. Potential buyers should not look at lower level - violating this rule may cause mental anguish and the urge to gouge your eyes out after seeing what the squatter does with his goat.
SJG
Also add - purple huffy bike chained to fence outside, please do not remove. Also must provide free internet access with no adult content restrictions to goat and squatter in basement.
I cannot imagine buying a house for way over asking price and not even knowing if there is something fucked up with the electrical or some other high dollar fix(es).
My wife and I had that debate. “Wow we could sell our house for a ton of money, but then where do we go?”
This is the perfect market for them.
Everything has created a perfect storm for homebuying (as opposed to renting, particularly in an urban area).
In the long run, the price of homes is linked to income levels. When prices accelerate faster than income, there must be an adjustment at some point. We are now entering such a correction. It will happen gradually, then all at once as speculators stop buying.
The markets that have seen the biggest appreciation will drop the most. Other markets will see little change.