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Real Estate
Reply to "Buying a house next to a creek "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Lots of opinions about creeks here. Creeks are just part of nature.....We have been living by a big one for 20 years. Our house is several feet away from the creek. When it comes to creek one of the most important thing you should look at is the depth. And again due you will most likely be fine. Again nobody know what will happen in 20 years. Look at the carnage that Covid19 has caused as an example.... The real estate industry is not immune to disruptions. If you don’t need flood insurance (we don’t) it could be further I do stink that you will be fine NOW. My advice to people buying real estate is to buy cheap relative to your means and do not buy a house in hope it will make you “rich” when you sell it. Look at your forever house as a shelter and not a money pit. You mortgage and taxes will be about 30% of your take home which is fantastic. So even if the area floods one day and your house depreciate in value significantly you will have an easier time swallowing the losses if you didn’t dump all your money into the house . I rather live by a creek (if that’s you really want) and be happy than buy a super expansive home and freak the hell out every time I see tractors digging in a vast open land nearby....[/quote] Nice try. Your property value is down, down buddy. Wake up ...people are Nervous about any water body near their home. [/quote] NP. It really depends on the location/elevation/soil/topography of the plot. We have a couple of acres and a river on the bottom of the lowest point. Our home is at the top so we have no concerns about the river. Even when we had heavy rains, it cut into the sides of the river more, made a broader river beach and we were fine with that as we didn't lose land, only gained more useable land.[/quote]
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