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Patrick says
Seller doesn't list at suggested sales price and wants it listed 50k-100k over market and will not negotiate backwards from the crazy high number
Around here, an Agent will not take such a listing. They may take a seller who is only a few thousand above market, knowing they can lower the price later.
HeadSet says
Patrick says
Seller doesn't list at suggested sales price and wants it listed 50k-100k over market and will not negotiate backwards from the crazy high number
Around here, an Agent will not take such a listing. They may take a seller who is only a few thousand above market, knowing they can lower the price later.
Yup. That's generally how it works. Only desperate agents take those listing and hold open houses to get buyer leads. The drawback is in a neighborhood with tight community, you'll get a reputation as not being able to sell houses. It's a risky strategy. Opening doors for buyers to show them a house is agony. While the listing agent is sitting at home with a beer. Listing are gold if you can get the seller to price it reasonably.
https://finance.yahoo.com/news/housing-costs-rent-inflation-february-2023-143233667.html
Housing costs 'dominant factor' in Feb. inflation data as rents show signs of cooling
https://www.reddit.com/r/RealEstate/comments/11qep42/overpaid_and_having_serious_regrets_1_full_year_in/
Overpaid and having serious regrets, 1 full year in
Just once, I'd like to come into serious money that I never had to work for.
stfu says
Just once, I'd like to come into serious money that I never had to work for.
I have a son inlaw whose family owns many apartments and apartment complexes in several states. The guy is a L.O.S.E.R.
‘Zoom Towns’ Exploded in the Work-From-Home Era. Now New Residents Are Facing Layoffs
Non-paywall link:
https://archive.ph/2023.03.24-130812/https://www.bloomberg.com/news/articles/2023-03-24/tech-layoffs-scramble-life-in-remote-work-zoom-towns
I don't think housing is going to suffer too badly. "They" just don't want too many people living a full American life. "They" want 2 different economies. I for the few and 1 for the many.
https://www.apartmentlist.com/research/sun-belt-metros-lead-apartment-construction-boom-2023
Sun Belt metros lead apartment construction boom in 2023
Earning a combined $32 an hour, would equate to about $65,000 a year which would be able to afford a 3 bedroom, 2 bath, 2 car garage townhome.
Can you show me a listing where $32hr/$65k can purchase a 3/2 in that area?
GNL says
Can you show me a listing where $32hr/$65k can purchase a 3/2 in that area?
Here you go boy.
https://www.zillow.com/homedetails/1813-Arthur-Ave-Panama-City-FL-32405/42783927_zpid/
https://www.zillow.com/homedetails/1406-Baldwin-Rowe-Cir-Panama-City-FL-32405/87634504_zpid/
https://www.zillow.com/homedetails/2420-Jason-Dr-Lynn-Haven-FL-32444/42763651_zpid/
https://www.zillow.com/homedetails/1220-New-York-Ave-Lynn-Haven-FL-32444/42759...
$11/hr is the Florida minimum wage.
GNL says
$11/hr is the Florida minimum wage.
Come to the Florida panhandle like Panama City, boy
Look at the help wanted, such as landscaping entry level pay is $16 to $20 an hour
They will start at worst at $16 then give a raise to $18 within 6 months
McDonalds is hiring at $15 an hour but is paying more than that for some who have fast food experience, boy
.
Why do you keep trying to insult me?
GNL says
Why do you keep trying to insult me?
That is how I talk. I use the word boy sometimes and it it just a way of talking, just like some use bro and man.
I am not talking this way to insult you.
Not sure why you reference minimum wage of $11 when it is irrelevant in most if not all of Florida. Starting salaries for fast food and working class jobs like entry level landscaping are a lot higher than the minimum wage here.
.
So, almost no one is being paid minimum wage where you're located in Florida?
And no State Income Tax.
Yes, it might go down but not much as there are no sellers. Cutting down regulations should make housing more affordable. We know it won’t happen. In either case free printing press at double digits inflation will not give much pause to housing prices.
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https://finance.yahoo.com/news/pimco-kiesel-called-housing-top-160339396.html?source=patrick.net
Bond manager Mark Kiesel sold his California home in 2006, when he presciently predicted the housing bubble would pop. He bought again in 2012, after U.S. prices fell more than 30% and found a floor.
Now, after a record surge in prices, Kiesel says the time to sell is once again at hand.