Reply to I was so close and now I’m shut out

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]They’re all nice. The only thing wrong with them is the price tag. There is no way any of these places should be more than $750-800K, it’s the disconnect between how long and how much it takes to bay & finance a place like this now, vs the value for that cost. These are clear started homes that now cost as much as a move up home. [/quote]

1. 750-800k is not “starter home” territory for most.

2. These are all well-maintained homes that can comfortably fit a family, and in good locations.

3. Supply, demand, and the overall market would suggest these may be priced what they “should” be.

Listen, it’s not like I don’t understand frustration with the market we live in. We moved here from Texas (We probably just would have…died if life took us to LA or the Bay Area, I guess.) But then we realized the housing market is what it is and we found a place we were happy to call home. We made some compromises, some that we never envisioned making when we first moved here. But we love our home and are thankful for it.

As a society, we need to invest in a lot more affordable housing as well as densely populated communities with a lot of different types of housing. And we need to disrupt the idea that one is lesser for renting or living in a condo or townhouse. There are obviously a lot of structural changes that need to occur—but shaking one’s fist at the current market will just lead to misery.

[/quote]

Haha, we experienced the same thing when we moved here 20 years ago. My spouse was insulted by what he could get for the money at the time and told me  he would “not play this game.” Lol, we ended up buying something of lesser quality for 50% more than if we have gotten it two years prior. This has cost us housing wise in more ways that one ever since. Meaning, although we live in the neighborhood we wanted but not the house in size and quality we desired. Lesson learned. [/quote]

My DH did something similar when we bought in 2017. He was deadset on a 15 year mortgage at 2k per month. That landed us in a  small TH that we quickly outgrew. Had he stretched a bit to maybe 2500 on a 30 year, we could have bought a nice SFH. Now that nice SFH is way out of budget. [/quote]

It’s always the DHs throwing a monkey wrench into sound housing decisions. Can’t tell you how much it has cost me/us[/quote]

Same here. I finally had to sit him down and show him that all my RE ideas either were very profitable (the ones we did) or would have been if he didn't get in the way (the ones we didn't do). I had to show him the numbers and he was floored at what we passed up at his own insistence. [b]He vowed to never get in the way again.[/quote][/b][b]

Doubt he’ll keep that vow. I know because I’ve been there. We could have been twice as well off real estate wise. Oh well☹️[/quote]

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