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Reply to "Is there another "housing bubble"?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Funny- I managed to find an unrenovated house.[/quote] So did we in a neighbourhood with lots of teardowns bought by builders. [/quote] when?? and where??[/quote] It's what DCUM calls shitshacks your basic brick ramblers and split levels, which are not loved, but can make for a spacious enough home for a family without spending a fortune. The key is to find something, that's more difficult for a builder to turn a profit, like a wooded lot or a sloped lot or something irregularly shaped. Builders love flat lots with easy access. You also can find already remodelled ramblers or split levels, which are usually too expensive for the builders, and not desirable by those with deeper pockets. Cheaper properties are not plentiful, so you have to keep looking and be ready to jump. Also look during fall/winter, sometimes better deals. Don't be scared of properties, that have been sitting. There are a lot of dumb buyers that are afraid of their own shadow and will not bother with anything less than conventional. If you step away from that mindset and look beyond cosmetic things and don't assume something is very wrong with properties, that's been sitting, you can find better deals.[/quote]
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