Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
On the verge of another housing bubble collapse
#1
The warning signs are all there. It's going to happen. I hope it happens in the next 18 months too, so I can get a nice house for cheap.

http://www.marketwatch.com/story/the-next-housing-crisis-is-pending-2016-05-04
Reply
#2
I hope you aren't betting on it, especially not in Colorado. Plus what would be 'cheap'? The last recession was way out on the exception end of the spectrum, I wouldn't count on ever seeing anything like that again in your lifetime. There will be another recession but that doesn't mean you are going to see housing drop by anything dramatic like the last one.

People write articles like this all during the upward end of the economic cycle, if they keep writing them, sooner or later they will be right, but it doesn't mean they are right at this time.
Reply
#3
The early 90s was far worse than 2008 here, because we in Colorado Springs found ourselves in the Forclosure/Repo capital of the nation. VA and HUD were practically giving away houses, and all you needed was $500 down.
Known as SteveInCO on national fora (changed it here because "in Colorado" is the default).

CZ-75, Glock 20, Mossberg 590, S&W M&P AR-15, PTR-91, DSA FAL, Springfield M1A... and lots of other goodies.
Biggun
Reply
#4
I honestly hope the housing market comes back down to at least reality, the houses around here are getting nuts. In the last 4 months we have had 4-5 houses on out street sell or go on the market and they just keep increasing and they sell.

We are looking at renting our current home and trying to buy some land for a realistic price but the only way that will happen is if we move to Wyoming.
Reply
#5
they are becoming California prices. its nuts!
Reply
#6
While looking for condos in Boulder (using my preferred Zillow.com site for both properties "to buy" and "to rent" here in CO and other states as well), I came across these 2 "mountain" properties that look to be something you may be looking for (or to build upon/improve), but they aren't cheap @ $200K -- even though they still need some utilities/septic systems put in to make them complete.

At least, however, they show what prices are like now, and the first one listed below sits on 6 acres with a nearby "lake" (perhaps more like a pond?):

http://www.zillow.com/homes/for_sale/Boulder-CO/2098095684_zpid/30543_rid/70000-200000_price/247-705_mp/globalrelevanceex_sort/40.253852,-104.813004,39.782685,-105.815506_rect/9_zm/0_mmm/?3col=true

http://www.zillow.com/homes/for_sale/Boulder-CO/13192504_zpid/30543_rid/70000-200000_price/247-705_mp/globalrelevanceex_sort/40.253852,-104.813004,39.782685,-105.815506_rect/9_zm/0_mmm/?3col=true

...just posting this for 2 current examples of "mountain" property-pricing info and additional cost for some improvements needed.

-- c
Reply
#7
(07-04-2016, 05:52 PM)cloudcroft Wrote: While looking for condos in Boulder (using my preferred Zillow.com site for both properties "to buy" and "to rent" here in CO and other states as well), I came across these 2 "mountain" properties that look to be something you may be looking for (or to build upon/improve), but they aren't cheap @ $200K -- even though they still need some utilities/septic systems put in to make them complete.

At least, however, they show what prices are like now, and the first one listed below sits on 6 acres with a nearby "lake" (perhaps more like a pond?):

http://www.zillow.com/homes/for_sale/Boulder-CO/2098095684_zpid/30543_rid/70000-200000_price/247-705_mp/globalrelevanceex_sort/40.253852,-104.813004,39.782685,-105.815506_rect/9_zm/0_mmm/?3col=true

http://www.zillow.com/homes/for_sale/Boulder-CO/13192504_zpid/30543_rid/70000-200000_price/247-705_mp/globalrelevanceex_sort/40.253852,-104.813004,39.782685,-105.815506_rect/9_zm/0_mmm/?3col=true

...just posting this for 2 current examples of "mountain" property-pricing info and additional cost for some improvements needed.

-- c


thats ridiculous.
Reply




Users browsing this thread: 1 Guest(s)