In loving memory of Kenis D. Keathley 6/4/81 - 3/27/22 Loving father, husband, brother, friend and firewood hoarder Rest in peace, Dexterday

Ridiculous

Discussion in 'Everything Else (off topic)' started by Backwoods Savage, Jun 28, 2021.

  1. Backwoods Savage

    Backwoods Savage Moderator

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    I see some land for sale, which is not odd, but the price is. 1 1/4 acre with only some brush and weeds and asking $29,900!!!! Help the needy, not the greedy. Even good farm land (best here is around $7,000 per acre) is not selling that high.
     
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  2. ReelFaster

    ReelFaster

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    Seems like the whole country cracked up with real estate. The bubble will burst at some point......always does!
     
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  3. thewoodlands

    thewoodlands

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    Some people who live on the river across the road on a half acre lot have their land assessment at $128,300.00, welcome to New York.
     
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  4. MikeInMa

    MikeInMa

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    Around here,, properties with houses are going for 20-30k more than what the seller is asking. Bidding wars to move from urban areas.
     
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  5. Backwoods Savage

    Backwoods Savage Moderator

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    I hope that includes the house.
     
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  6. Backwoods Savage

    Backwoods Savage Moderator

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    If the cities start to crowd here I will sell and move. Just think, as $23000 per acre and I have over 40 acres plus the buildings, well, septic, etc... May I am rich after all...:whistle:
     
  7. EODMSgt

    EODMSgt

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    Lots of flatlanders escaping up here to the north country and making the real estate market disgustingly insane. The next house down my road (modular home on one acre with a dirt road right of way) has a tax assessment of around $171,000. The previous owners paid around $179,000 a few years ago. They just sold it last month for $365,000 to an out of stater (can't fault the sellers as they will move in with in-laws until the market corrects itself). Come to think of it, in my immediate area there is only one other person left (other than myself) who was actually born in my state. I'd love to move even farther north towards the Canadian border but it's the same everywhere...ridiculous prices.
     
  8. ReelFaster

    ReelFaster

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    Same exact thing here...........people are going bonkers moving from inner cities, paying 20k+ over asking and being sold within hours.
     
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  9. thewoodlands

    thewoodlands

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    Nope!
    They have a total assessment of $173000.00. People who are selling their places on the water are getting crazy prices and that has been going on for years.
     
    Last edited: Jun 28, 2021
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  10. Ron T

    Ron T

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    Same crazy prices in my area. The market will eventually correct itself.
     
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  11. Canadian border VT

    Canadian border VT

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    I could not believe my appraisal until I saw what less appealing home we’re selling for!!
     
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  12. tree killer

    tree killer

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    Just got home from Fort Kent which equates to a 3 beer pizz will reach Canada, some Rhode Island moron pounded the brakes and pulled a u turn in the middle of US route 1 in front of me. Wanted to check out a house for sale. Yeah leave your cushy lifestyle to move to the land of old man winter. They normally don’t last long in the county when there’s 10 plus feet of snow on a mild winter zero is warm in January and potato fields don’t slow the wind down any.
     
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  13. Dakota Hoarder

    Dakota Hoarder

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    Same here, houses are selling before they even get on the market for more than they are asking and getting multiple offers . Appraiser can’t keep up with the market. Banks are loaning what ever the buyers want.

    does this remind anybody of 2008? The bubble will burst eventually, I just hope it doesn’t send us into another recession!
     
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  14. Chaz

    Chaz

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    Wow!!!

    We paid $55K for 22.5 acres, house and trailer included.

    Guess I live in the ghetto.
    :rofl: :lol::rofl: :lol:

    At least in 50 months it'll be paid off and I can get outta this hellhole.

    Not...
    :rootintootin:
     
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  15. Biddleman

    Biddleman

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    What is crazier, the super high prices of homes/land, the people who are overpaying, the banks who are lending the money or the way the gov't keeps printing the money?

    IMO it's a formula for disaster and a repeat of 2008.
     
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  16. Scotty Overkill

    Scotty Overkill Administrator

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    I saw cabins for sale up near the Tug Hill area and we were considering maybe getting one, until I saw what the taxes on it were.....

    I don't know how anyone can afford the real estate tax up there!!
     
  17. Scotty Overkill

    Scotty Overkill Administrator

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    It's gonna be bad....
     
  18. Andimus Prime

    Andimus Prime

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    2008 wasn’t that long ago. Have we already forgot?
     
  19. EODMSgt

    EODMSgt

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    We see that a lot here as well. First good winter and the for sale signs pop up in the snowbanks. I think some of the flatlanders who moved up here will be in for a rude awakening this summer when they meet their new northern hillbilly neighbors! :rofl: :lol::rofl: :lol:

    BUMMER OF A SUMMER by FLOODED CELLAR - YouTube
     
  20. Canadian border VT

    Canadian border VT

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    Possibly but not guaranteed; 2008 banks
    Did not work very hard qualify you or force you to prove you have income to support the loan. A.k.a. the liar loans

    hell a fast food worker here gets 35k a year to start
     
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