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26 Offers. First-Time Home Buyers Are Screwed.
invite response
2013 Jan 17, 10:56pm 17,293 views 57 comments
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B.A.C.A.H.
2013 Jan 25, 11:52am
I drive down many side streets and see bunches of empty houses without "for sale" signs on them. There are three within one block of my house now.
The few that come on the market are mostly underwater and the owners are asking unrealistic prices for them
Crazy, what city/neighborhood is it?
pointing to the fact that banks insist on a house being on the MLS for at least a week. Is this true in all states?
god knows what their internal policies are regards listing on MLS..
more like hearsay and speculation.
hrhjuliet
2013 Jan 25, 12:00pm
good grief, my family left Barcelona and fled across the mountains into France to escape death when the fascists took over. My direct family (grandfather, grandmother) went to Cuba, where my father was born...
They escaped out of Cuba to NYC with nothing...
cost of living a tad high seems like an itty bitty thing.
That's out of touch. I would leave this mess called Silicon Valley, but it's very complicated. Everyone's story is different, you are in real estate, that's working for you - more than working you, you seem to love it, and like a religion and it has given you what you need to fill your holes. Your personal experience doesn't qualify you to judge other people's choices - it's not as simple as it looks to you in your real estate temple. Things are not black and white.
JodyChunder
2013 Jan 25, 12:19pm
Thank you. You may be the only boomer who gives a darn - thank you just the same. (:
Only I'm not a boomer!
the more expensive or exclusive you make something, the more covetous the consumer becomes. That's how you get dupe A into outbidding dupe B: by making the idea of slowly dying of boredom in a 60 year old 900 sq ft
yes.. you said it...
gregpfielding
2013 Jan 28, 2:53am
pointing to the fact that banks insist on a house being on the MLS for at least a week. Is this true in all states?
god knows what their internal policies are regards listing on MLS..
more like hearsay and speculation.
It's not true of every REO or every bank within California. Some will look at offers right away. Others, like Fannie Mae, often have a window for owner-occupants and then a later window for investors.
tatupu70
2013 Jan 28, 3:48am
Central New Jersey
Where exactly are you looking? I'm in central Jersey and I don't see any...
tatupu70
2013 Jan 28, 4:27am
Apparently, your not looking close enough...
Westfield isn't really central NJ..... I know you're new there... you'll
learn...
You're probably correct. I don't know where North ends and Central begins. On Craigslist, it seems that the area around me is generally listed in Central, but that's probably not the definitive guide I'll admit.
To your point--I'm sure there are people in pre-foreclosure in Jersey, but I don't see many empty houses.
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http://www.bayarearealestatetrends.com/2013/01/26-offers-first-time-buyers-screwed/
“Tell them to not even bother,†said the listing agent apologetically about my first-time home buyers. “There is simply no way they can compete.â€
NIZE
Real Estate is as healthy as ever!
#housing