I might have come into a lump sum of money and started looking at houses. I'm in San Diego.

Seems like houses that sold for $420k 5 months ago are now going for $500k or more. (Comparables, not people flipping the same house and putting it back on the market.)

Has anyone else seen this in their area?

And a $500k house in San Diego is probably a $105k house in Alambama, or $200k in Tucson or Dallas. Small rooms. Small baths. Non-remodeled kitchen. Small yards. Longer commutes.

And don't trust photography - the bathrooms and kitchen in this listing look pretty good until you see them in person.

Tile is bad in bathrooms, and why is the sink directly next to the stove in the kitchen? And the bedrooms say 10x10, but are really 10x9.

You'd have to put $100k down and then pay around $2500 a month for 30 years - doesn't seem worth it to me.

https://www.redfin.com/CA/San-Diego/7031-Renkrib-Ave-92119/home/5420606

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Gone: My Discogs collection for The Roots:
http://www.discogs.com/user/tomhayes-roots/collection

I've been peeping the central coast are, but also looked at North County SD area, and kind of decided now aint the time. That rapid rise in prices feels pretty bubblish. Take a look and compare the prices to 2 years ago.

It's fine if you can afford your place, and have no plans to move, but I need a bit of flexibility w/my job and don't want to wind up underwater 2 years from now.

In a generation of swine, the one-eyed pig is king.
-Hunter S. Thompson

I just bought a crib in Philly. I'd have to pay 3x as much to get 1/2 of what I bought here. No bueno. Don't know how y'all do it.

a bit, thanks goodness. Property taxes gonna be a bitch this year though.
Love SD man, wish I could've stayed there after getting out of the Navy, but the fam was back in the Bay and I had to return. Hope you find something.

when I see what 400K gets you in Cali... yeeesh

Y'all got beaches and hella women tho

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TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

both the same model. Floor plan and lot size equal. One sold 4 months ago for 366k. The other just sold for 385k.

November 8th, 2005 The greatest night in the history of GD!

for a renovated 4BR, 2BA IN THE SAME NEIGHBORHOOD.

https://www.coldwellbankerhomes.com/pa/pittsburgh/5421-howe-street/pid_14401481/

Seriously, look at the pics and tell me how many bedrooms you see.

Realtor once told me to count as a bedroom it has to have a closet.

That shit is a loft and that damn sure isn't a second bedroom

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TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

For what I pay in taxes and insurance here in Virginia,

I could get way more house in another state... texas is looking pretty good.

You take the blue pill, the story ends. You wake up in your bed and believe whatever you want to believe. You take the red pill, you stay in Wonderland, and I show you how deep the rabbit hole goes.

As with anything, depends on where you are.

Boston is like San Diego right now/the last few years. I bought my condo a year ago September 30th for right around $350k. Right now it would sell for $390k. My buddy bought a place in 2011 in a neighborhood that peaked a few years later...bought for $360k, just sold for $680k. 5 years, nearly doubled in value. Was told by many in-the-know friends that the neighborhood I bought in was one of the next to blow so I'm hoping to end up with a similar situation.

But there's other places where everything is stagnant. Depends on the state, the city, the neighborhood, etc. Lot of factors. But I think in a general sense that the real estate market is pretty healthy right now. Though I'm sure many here have way more insight on that than I would.

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"Fuck aliens." © WarriorPoet415

My buddy who just made the aforementioned killing was in Southie and I bought in Adams Village in Dorchester.

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"Fuck aliens." © WarriorPoet415

My wife has a friend who bought for 200k in Charlotte and sold 2 or 3 years later for 275k

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TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

>My wife has a friend who bought for 200k in Charlotte and
>sold 2 or 3 years later for 275k

I hope to make that kind of dough whenever we decide to sell. Thing is if we are fortunate enough and play our cards right we may be able to rent this place out whenever we decide to move to another spot so we'd have that supplemental income while still paying down the mortgage. Best case scenario of course.

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"Fuck aliens." © WarriorPoet415

If you were already in a high-demand area, the premium went up on increased competition as would be buyers are rushing to the market before the fed increases in December-ish.

How does the rush to be even by a giant 1% interest rate hike result in houses cost $40,000 more? (I mean in a common sense world. I know there's actually just under $27,000 in total amortized price increase if rates go up 1% - but to front load it seems nuts, to me. And they won't go up a full point.)

I think as people see houses selling for more they put their houses on the market for even more than that, and it repeats.

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Gone: My Discogs collection for The Roots:
http://www.discogs.com/user/tomhayes-roots/collection