Well shit dude that’s going to make it hard but at least seems like it’s worth it. GL.
1 Like
Yeah, no ragerts about buying in Portland. Of course, the market in Portland actually had falling prices and housing stock sitting on the market for months during the pandemic in late 2020, and Seattle buyers had no such luck. I also grant that not everyone has the 100% WFH flexibility that MrsWookie and I have.
Rooftop deck in Seattle seems like a troll move. Sure, if you go out on a day like that last photo was taken, then it’s great. The problem is that’s like maybe 1/3 of days at best.
Yea all the builds in Seattle will be like this. I built lots of those for the last 6-7 years. You have to go deep on the East side for new builds or south East. Not anywhere I would want to live. I went to portland and then I’m now up in the San Juan islands and waiting until the market crashes and swooping in. Well that’s the dream at least.
Definitely realize it limits the options. We’re totally on board with even a fixer-upper, but those get scooped up just as quickly, often times accepting all cash offers and, unfortunately, I’m not that baller yet.
Oh 100% a troll since can’t do shit out there most days. When it’s nice, it is nice though and if you have a really good view it would be worth it. For example, a friend has a townhome that overlooks Lake Union and gets to have July 4th parties on the rooftop. So if you have it, you take every opportunity to use it imo.
1 Like
Someone else can tell you if it’s a good option or total scam, but there are companies that will let you make a cash offer on what’s essentially a mortgage for a fee.
I truly have no idea why this is happening. I get mortgage bonds have massive prepayment risk but given they are guaranteed by the government the 200+ basis point spread over treasuries seems nuts to me.
This is super annoying. I just sold a house with a sub-3% mortgage and I thought I’d be safe taking my time finding a new one. I’m going to need to cut my budget by like 25%.
I’m afraid to go back and look at up home in SD I put an offer on about 10 years ago, and then ultimately passed when it got bid up about $20k over the asking price.
No doubt its value today is double what it was listed at then.
I’ll take the over on that.
3 Likes
Next tweet down says the housing component of inflation is officially up 4.7% year over year even as the house price is up 25%.
What is a bubble?
Want to beat inflation? Move to Japan.
https://twitter.com/charliebilello/status/1508119376716779520
2 Likes
Damn, is there like a tl;dr guide on how to do such a thing?
not gonna be easy to just buy a house as a foreigner in japan tho
The tl:dr guide right now is that it’s impossible to move here without visa status until the government reopens the country.
Not difficult to buy a house here as a foreigner (I did it), but nearly impossible to get local financing unless you have established an extensive credit history here (I haven’t).
It’s painfully obvious that the current housing bubble was caused by prolonged artificially low interest rates, yet I keep seeing all the propaganda about a lack of housing supply and how we haven’t built enough homes since 2008.