https://preview.redd.it/qj65fa3spxp91.jpg?width=640&crop=smart&auto=webp&s=ed23bdbc9905aa5a454cc8cd54d54379f6bc8fca
Houses in my city selling at a 220k loss in 2 years. Is that loss porn?
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What region is this magic market?
That’s some good’ol fashioned loss porn right there I tell you what.
That’s probably the minimum starting bid on a foreclosure
Sounds like an auction starting price….. as a Realtor. Prices have dropped a bit, but not even close to 50%……
Well I guess ya know what this mean:
*HELLO WISCONSIN*
That is 1 million plus where I live. Every house is
Damn, I wish houses were 200kish in my area. Shit, I’d even take 400k. Where I live, land itself cost 400k or more lol.
Give it a year to simmer, thats when we will get better quality housing price LP!
Going be a lot them next year or so … Implosions will begin soon enough
I need to see this nation wide. Houses are far to over priced
No, thats an over inflated market adjusting to reality.
That’s passive income turned hydra porn.
Oooo yeah that’s loss porn baby, imagine fomo buying a house at the peak
Positions: 12 BBBY @$14 (what is regshow)
An asking price isn’t the selling price, so no
That’s one ugly fucking house
He’s probably downsizing cause his wife moved in with her boyfriend…
Still expensive for a paper-build house tho
I wouldn’t give 200k for it, not to mention 400k smh
Holly shit a 3 bed 2 bath for 220k that shit is like 450k where I’m at and have to give up my firstborn as a token of appreciation to the seller for not overcharging me
Short sale?
This is the way….
No it ain’t. Because it ain’t your losses bro…and that’s what gets this subreddit hot.
Boom!
The house I grew up in, a smaller 3-bedroom house just over 1,100 sq ft, which flooded during Hurricane Harvey, is in the process of being sold for $225,000. Six years ago I bought a house twice that size for $50,000 less.
This is just the beginning, the housing loss porn is going to put our efforts to shame.
NSFL
Hell yeah, badass.
No wonder it’s so cheap, made out of wood (and cheap land ig). UK house prices are horrendous, for much smaller, less land, worse areas. Especially anywhere near london. Ducking joke
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220k loss, so far!
What market? I may need a few more rentals for folks that bet it all lol
buying high and selling low: tangible assets edition
That’s 550000 where I live in northern Ontario. So ya 220000 American is about right
In my area a $200k markdown is just a ploy to atttact a bidding war. Usually ends up going $400k+ over asking for stuff in that range.
Listing price is not the selling price.
Just like unrealized losses are not realized losses until the’re sold.
Unrealized gains, we’ll, the IRS thinks those are realized before they’re sold…so yeah there’s that too.
I’ve got an underperforming development right now in the Pacific Northwest. Selling at -10% margins or roughly -5% ROI. This is based an selling for roughly $85k below list on a homes listed for $665k.
Yes
Prices have dropped only 10-20k in California
a house at 229K is a unicorn in Vancouver. You won’t get price choices less than 1 million for single family home when searching on real estate websites
That’s the rental price.
Flag and Packers sign look shopped, is this house in… **CHINA?**
You guys thinking houses are overpriced in the US is a joke. Try paying 1.2m for something like this in parts of NZ or Canada or England
Wish I could buy it for 450 🙁
I’m sorry, 450 for 1400 sq ft? In Green Bay?
Buying a house is a great investment
nice
Buy dumby…. equity is the best investment