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Old 04-08-2021, 11:04 AM   #5726
Garick
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Re: Home ownership

I have no idea, and I don't know if the additions were even permitted, though they were definitely built to code.

ETA: Found it. It seems to be showing the 2.8K number, and does not have a record of the additions. It also claims no attic, which is weird, as the attic is original. Guess I need to get the assessor out here and watch my taxes go up.

Last edited by Garick; 04-08-2021 at 11:10 AM.
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Old 04-08-2021, 11:07 AM   #5727
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Re: Home ownership

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Originally Posted by johnny_on_the_spot View Post
probably not in a lot of areas.

i doubt most realtors are going to advise their clients to base their asking price on zillow estimates. even if they did, in this market, it seems like every house is getting multiple same day offers for over asking in many metro areas.

whenever the market cools off, it may be more directly influencing things, but i don't think so right now
I agree. Price is going to be based off of comps and inventory. There is very little inventory so the best thing to do is find some comps and then add a 10-30% premium depending on your market.
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Old 04-08-2021, 11:16 AM   #5728
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Re: Home ownership

I'd say it's more like, you list as x, potential buyers check zillow to see if it's in range, and then decide if x is reasonable based on that and potentially offers over or under x, especially since they aren't being viewed, so more indirect feedback that affects price

obviously I doubt it would be huge, but maybe if the zillow for your home changes from 350k to 400k (everything else being equal) you get an extra few grand

also are there no banks coming back with valuations under the offers? maybe everyone paying cash
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Old 04-08-2021, 01:44 PM   #5729
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Re: Home ownership

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Originally Posted by Didace View Post
What a very strange comment.
No, blaming people from CA for driving prices up in your town is myopic. Real estate is pure supply and demand. It makes no difference where the buyer comes from. USA is a big country, and people’s freedom to move around is one of the fundamental rights here. So if people buying are from CA or are from NY or FL what difference does it make?

Focusing on the origin of the buyers is borderline prejudice. It’s an attempt to make your own problems the fault of the “other” which is not too far off from saying that the neighborhood is getting bad because a new race is moving in.
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Old 04-08-2021, 01:58 PM   #5730
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Re: Home ownership

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Originally Posted by JackInDaCrak View Post
No, blaming people from CA for driving prices up in your town is myopic. Real estate is pure supply and demand. It makes no difference where the buyer comes from. USA is a big country, and people’s freedom to move around is one of the fundamental rights here. So if people buying are from CA or are from NY or FL what difference does it make?

Focusing on the origin of the buyers is borderline prejudice. It’s an attempt to make your own problems the fault of the “other” which is not too far off from saying that the neighborhood is getting bad because a new race is moving in.
And again...
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What a very strange comment.
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Old 04-08-2021, 02:05 PM   #5731
JackInDaCrak
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Re: Home ownership

Tell me what the point of specifying the perceived geographic origin of the buyers is
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Old 04-08-2021, 02:11 PM   #5732
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Re: Home ownership

Move up to where they respect your overbids
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Old 04-08-2021, 02:16 PM   #5733
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Re: Home ownership

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Originally Posted by JackInDaCrak View Post
Tell me what the point of specifying the perceived geographic origin of the buyers is
i believe the rationale is that California prices are inflated so much compared to the rest of the country before the market turned into a giant bubble, so the home sellers from Cali are getting so much $$$$ for their Cali homes that they then relocate to places with lower housing prices but can throw more money at a house they like than buyers from the region and because then the Cali sellers are then inflating home prices in other markets

honestly, i don't care, i just think that was the point.


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Move up to where they respect your overbids
lol, excellent.
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Old 04-08-2021, 02:36 PM   #5734
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Re: Home ownership

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Originally Posted by JackInDaCrak View Post
No, blaming people from CA for driving prices up in your town is myopic. Real estate is pure supply and demand. It makes no difference where the buyer comes from. USA is a big country, and people’s freedom to move around is one of the fundamental rights here. So if people buying are from CA or are from NY or FL what difference does it make?

Focusing on the origin of the buyers is borderline prejudice. It’s an attempt to make your own problems the fault of the “other” which is not too far off from saying that the neighborhood is getting bad because a new race is moving in.
It does not matter at all where buyers are from - no argument there. But I'm not sure why you think an observation that many buyers moving into an area are from a certain state is meant to be pejorative. It merely a simple observation of the situation (at least in my area) and contributes to your point that real estate prices (like anything else) are a function of supply and demand.
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Old 04-08-2021, 06:13 PM   #5735
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Re: Home ownership

Californians straight messin with Texas. They must not have gotten the memo.
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Old 04-08-2021, 06:54 PM   #5736
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Re: Home ownership

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Originally Posted by Hoagie View Post
Californians straight messin with Texas. They must not have gotten the memo.
LOL!
Which group is in for the larger culture shock?
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Old 04-08-2021, 09:37 PM   #5737
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Re: Home ownership

Quote:
Originally Posted by JackInDaCrak View Post
No, blaming people from CA for driving prices up in your town is myopic. Real estate is pure supply and demand. It makes no difference where the buyer comes from. USA is a big country, and people’s freedom to move around is one of the fundamental rights here. So if people buying are from CA or are from NY or FL what difference does it make?

Focusing on the origin of the buyers is borderline prejudice. It’s an attempt to make your own problems the fault of the “other” which is not too far off from saying that the neighborhood is getting bad because a new race is moving in.
I’m Californian. A lot of people are moving out because they don’t like the politics, extremely high taxes, and general high cost of living. Since a lot are leaving and moving elsewhere, that effects the supply and demand in “elsewhere.” As such, people see houses getting snatched up by Californians and will naturally blame them for increasing the demand while decreasing the supply. So in that way, they’re right.

But it is certainly true that Californians are looked down on when they’re spotted driving in another state. There certainly is a stereotype against us as everyone thinks they know what a “typical Californian” is.
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Old 04-08-2021, 09:50 PM   #5738
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Re: Home ownership

There is that for basically every area except maybe Nevada and a couple others.
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Old 04-08-2021, 09:52 PM   #5739
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Re: Home ownership

There is not an exodus from California, and a large number of homes everywhere are being bought by investment funds not prospective homeowners.
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Old 04-08-2021, 10:25 PM   #5740
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Re: Home ownership

I think the only point to Cali and other HCOL folks is they typically have more cash and likely propensity to pay above the market rate--if they can work remote with their current income levels, it's hard to compete with those salaries locally. Let's say you live in Manhattan where the average home price is 1.2M and move to Philadelphia where the the average price is around 200k. They are selling their home and have some extra money to burn.

Nobody cares where they are from, they just have more money on average if they're coming from SF, NYC etc. where folks are moving out at a pretty high rate right now.
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Old 04-08-2021, 10:28 PM   #5741
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Re: Home ownership

Yeah it's probably not just a bunch of normal people but a few people (funds etc) buying a lot.
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Old 04-09-2021, 12:39 AM   #5742
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Re: Home ownership

lol, people have been coming from all over the country and world to California, driving up my cost of living since the day I was born.

suck it.
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Old 04-09-2021, 12:44 AM   #5743
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Re: Home ownership

Quote:
Originally Posted by Shuffle View Post
There is not an exodus from California, and a large number of homes everywhere are being bought by investment funds not prospective homeowners.
Yes there is. I live here and know many who left. Even this CNN article talks about it:

https://www.google.com/amp/s/amp.cnn...mic/index.html

Not only that, the people who say there isn’t an exodus cite numbers that show a .05% population growth. When you factor in immigration and new births, it should certainly be much higher than .05%. But it’s not. Because people are leaving.

Last edited by Dr. Meh; 04-09-2021 at 01:06 AM.
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Old 04-09-2021, 12:49 AM   #5744
rickroll
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Re: Home ownership

same thing going on in new england, within months of my brother's architecture firm declaring people could work remotely indefinitely my brother says over half the office who were previously manhattan renters bought homes in rural new england, upstate ny, and long island

we're doing an estate sale up in the middle of nowhere in maine right now and i advocated holding off until post covid and apparently now estate sales are doing better than ever because people like my brother and his colleagues are moving from tiny city apartments to spacious rural places and buying up things to fill in the empty houses, my brother as well bought a home a few months ago

i imagine most of those californians moving to texas are keeping their california jobs and going there specifically for lower cost of living

it's one of the things you often here discussed in tech circles in the bay area, how they wish they could work the same job in a place like texas where their monthly nut isn't 8k, now with covid changing the game they suddenly can and not just rent but buy instead
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Old 04-09-2021, 12:55 AM   #5745
Shuffle
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Re: Home ownership

Quote:
Originally Posted by Dr. Meh View Post
I live here
Yeah me too.


Quote:
Originally Posted by Dr. Meh View Post
and know many who left

Cool story, got any more anecdotes?


Quote:
Study: There was no California ‘mass exodus’ amid pandemic

https://www.latimes.com/california/s...isco-migration
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Old 04-09-2021, 01:01 AM   #5746
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Re: Home ownership

If I live in one state working from home remotely for another state where do I pay state taxes?
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Old 04-09-2021, 01:07 AM   #5747
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Re: Home ownership

Quote:
Originally Posted by Shuffle View Post
Yeah me too.





Cool story, got any more anecdotes?
I cited an article that you chose to ignore. Oops. Guess you got too wrapped up in my cool story to respond to it.
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Old 04-09-2021, 01:08 AM   #5748
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Re: Home ownership

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Originally Posted by pwnsall View Post
If I live in one state working from home remotely for another state where do I pay state taxes?
That is a much more complicated question than one would think. Like most things in life, it depends. I suspect there is going to be a lot of people with a tax surprise down the road.
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Old 04-09-2021, 01:18 AM   #5749
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Re: Home ownership

Quote:
Originally Posted by Shuffle View Post
Yeah me too.





Cool story, got any more anecdotes?
Did you even read the article you posted? It mostly focuses on the Bay Area, says it’s a dramatic exodus from there with plenty of numbers to show, briefly mentions how there isn’t one from California with no numbers to show, but then acknowledges a 100,000+ difference between people leaving and people coming in Q4.

Should probably read before you post, bro. They’re having a hard time spinning this but you just keep on believing what they tell you.
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Old 04-09-2021, 02:19 AM   #5750
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Re: Home ownership

Sure all these savvy people with money to burn just wildly pay above market rate because screw these locals amirite!
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