The housing market moves fast.

[1srelluc]

The daughter put her house in Virginia Beach. Virginia on the market yesterday....There's a bidding war going on over it. It's already up 25K from what they were asking.

She turned around today and put a contract on a home close to the WV line....Just 1 acre but twice the house and well within her means.

Of course now the moving plans start.....Sorry girl, I already sold you my truck.

 

[Winston]

The daughter put her house in Virginia Beach. Virginia on the market yesterday....There's a bidding war going on over it. It's already up 25K from what they were asking.

She turned around today and put a contract on a home close to the WV line....Just 1 acre but twice the house and well within her means.

Of course now the moving plans start.....Sorry girl, I already sold you my truck.

My middle daughter is a real estate broker, she has her own firm. She had some lean years in the beginning, but she built through the boom. She works hard but she brings home the money.

 

[citygator]

This is a very weird housing market. Inventories are tight because lots of people are locked into their 2.5-3% mortgage rates. Millennials are in prime home buying age adding demand. If the economy wasn’t soft we’d have much higher home prices. Housing should stay expensive for a long while.

 

[Winston]

This is a very weird housing market. Inventories are tight because lots of people are locked into their 2.5-3% mortgage rates. Millennials are in prime home buying age adding demand. If the economy wasn’t soft we’d have much higher home prices. Housing should stay expensive for a long while.

Oldest son, closed on his first house at 21, days before he graduated from college. A white hot housing market. That was ten years ago. He refinanced, for 15 years at less than 3%. He almost has it paid off. Yes, he is kind of trapped.

But we had a conversation a few weeks ago, I laughed so hard. He gets offers on his home all the time, more than twice what he paid, but he would have to replace it, why do it? Three bedrooms, has a stay at home Mom, a daughter and a son, another on the way. He said, "I can have six kids here, a room of boys and a room of girls.". I laughed until I cried, just how he grew up.

 

[sparky]

yup......i'm in via the home inspectors report on a lot of them her in VT......some were under contract sight unseen! ~S~

 

[citygator]

Oldest son, closed on his first house at 21, days before he graduated from college. A white hot housing market. That was ten years ago. He refinanced, for 15 years at less than 3%. He almost has it paid off. Yes, he is kind of trapped.

But we had a conversation a few weeks ago, I laughed so hard. He gets offers on his home all the time, more than twice what he paid, but he would have to replace it, why do it? Three bedrooms, has a stay at home Mom, a daughter and a son, another on the way. He said, "I can have six kids here, a room of boys and a room of girls.". I laughed until I cried, just how he grew up.

Exactly.

 

[sealybobo]

The daughter put her house in Virginia Beach. Virginia on the market yesterday....There's a bidding war going on over it. It's already up 25K from what they were asking.

She turned around today and put a contract on a home close to the WV line....Just 1 acre but twice the house and well within her means.

Of course now the moving plans start.....Sorry girl, I already sold you my truck.

A few thoughts.

1. I came here to talk about an idea I have for closed malls. To be continued.
2. The president abruptly ditched plans to sign a bipartisan housing bill that would have been a boon to Republicans desperate for campaign trail affordability wins.
3. People are always talking about how unaffordable California is. I always tell them Florida is the same. They say "well why are people leaving California but going to Florida?" I don't know to be honest. But my cousin told us yesterday his home near the water in Florida is worth $1.4 million dollars. Of course he pays taxes on $150,000 because that's what he paid for it 30 years ago. Sounds like Florida and Cali have a lot in common. Harry Dresden

Back to my idea. Over 1,600 shopping malls have closed across the U.S. since the 1980s

We repurpose these malls for people to live in small condos. There are all the business' on the "campus" that you can get everything you need. An affordable doctor who also lives there. He actually makes money off the place and lives there for free in a much nicer condo than yours but there are dentists, grocery stores, anything a person needs, is on the grounds.

And the lowest paid person who works in this new community can afford a place. They will live where the Sears used to be. The doctors and ceo's live where the Sax 5th avenue used to be.

Bus' take you to the city near you in case you work outside or you just don't have a car and can't afford a uber.

These people won't be gas guzzlers. If they walk more they'll be healthier.

Someone might own a car rental company so you can rent a car when you want to go on a trip. That would be great for the environment. The place would be powered by solar panels so not sucking the electricity grid. Only our AI datacenters nearby will be doing that.

What do you guys think? Any other ideas? We need to make more affordable homes for younger people. They might like living in these communities. A place a poor person can go live but you got to work. The best idea is that even the landscaper and grocery store attendant can afford a place. A lot of young people would flock to these places for work. But you have to apply to get in. Nothing down. A place is already waiting for you but you better be a good employee and neighbor. You can be thrown out of these places.

 

[1srelluc]

A few thoughts.

1. I came here to talk about an idea I have for closed malls. To be continued.
2. The president abruptly ditched plans to sign a bipartisan housing bill that would have been a boon to Republicans desperate for campaign trail affordability wins.
3. People are always talking about how unaffordable California is. I always tell them Florida is the same. They say "well why are people leaving California but going to Florida?" I don't know to be honest. But my cousin told us yesterday his home near the water in Florida is worth $1.4 million dollars. Of course he pays taxes on $150,000 because that's what he paid for it 30 years ago. Sounds like Florida and Cali have a lot in common. Harry Dresden

Back to my idea. Over 1,600 shopping malls have closed across the U.S. since the 1980s

We repurpose these malls for people to live in small condos. There are all the business' on the "campus" that you can get everything you need. An affordable doctor who also lives there. He actually makes money off the place and lives there for free in a much nicer condo than yours but there are dentists, grocery stores, anything a person needs, is on the grounds.

And the lowest paid person who works in this new community can afford a place. They will live where the Sears used to be. The doctors and ceo's live where the Sax 5th avenue used to be.

Bus' take you to the city near you in case you work outside or you just don't have a car and can't afford a uber.

These people won't be gas guzzlers. If they walk more they'll be healthier.

Someone might own a car rental company so you can rent a car when you want to go on a trip. That would be great for the environment. The place would be powered by solar panels so not sucking the electricity grid. Only our AI datacenters nearby will be doing that.

What do you guys think? Any other ideas? We need to make more affordable homes for younger people. They might like living in these communities. A place a poor person can go live but you got to work. The best idea is that even the landscaper and grocery store attendant can afford a place. A lot of young people would flock to these places for work. But you have to apply to get in. Nothing down. A place is already waiting for you but you better be a good employee and neighbor. You can be thrown out of these places.

I was thinking more along the lines of indoor shooting ranges for those old malls.

 

[sealybobo]

I was thinking more along the lines of indoor shooting ranges for those old malls.

That would take up the space of 1 maybe 2 mall stores at the most. Not the big stores at the ends. I'm talking about the little stores in between the Sears and JC Penny. Why wouldn't there be a gun range?

And maybe you would choose a more conservative mall and I would choose one that doesn't offer a shooting range.

 

[1srelluc]

That would take up the space of 1 maybe 2 mall stores at the most. Not the big stores at the ends. I'm talking about the little stores in between the Sears and JC Penny. Why wouldn't there be a gun range?

And maybe you would choose a more conservative mall and I would choose one that doesn't offer a shooting range.

Your loss.

 

[sealybobo]

Your loss.

Will your community offer marijuana?

 

[1srelluc]

Will your community offer marijuana?

No.

Nobody wants to smell stale skunk weed.

 

[WorldWatcher]

The daughter put her house in Virginia Beach. Virginia on the market yesterday....There's a bidding war going on over it. It's already up 25K from what they were asking.

She turned around today and put a contract on a home close to the WV line....Just 1 acre but twice the house and well within her means.

Of course now the moving plans start.....Sorry girl, I already sold you my truck.

I don't mind moving, did it for 20 years in the Navy.

But I absolutley hate "Down Sizing". With 2nd careers we've been in the same house for 27 years. Meaning before we sell and get a smaller place in retirement we'd have to clear out decades of "stuff".

Yuk.

BTW - I'm assuming congratulations do your daughter and that moving from VA Beach to the western part of the state is a good thing. I'm in Yorktown and it's kind of flat for me. Moving to the western part of the state, more mountains, less hurricane impact - would be a good thing.

WW

 

[1srelluc]

I don't mind moving, did it for 20 years in the Navy.

But I absolutley hate "Down Sizing". With 2nd careers we've been in the same house for 27 years. Meaning before we sell and get a smaller place in retirement we'd have to clear out decades of "stuff".

Yuk.

BTW - I'm assuming congratulations do your daughter and that moving from VA Beach to the western part of the state is a good thing. I'm in Yorktown and it's kind of flat for me. Moving to the western part of the state, more mountains, less hurricane impact - would be a good thing.

WW

Yesterday was moving day (U-Haul) but they had to drive back this morning and get the truck I sold them.

 

[sealybobo]

No.

Nobody wants to smell stale skunk weed.

Nobody in your community maybe. So there will be liberal communities and conservative communities.

Will your conservative malls allow blacks or gays?