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Old 10-14-2019, 10:02 PM
 
937 posts, read 922,251 times
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Yeah wondering where they are getting the cash for crapshacks downtown and so forth?
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Old 10-15-2019, 09:42 PM
 
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Quote:
Originally Posted by mixxalot View Post
Yeah wondering where they are getting the cash for crapshacks downtown and so forth?
What crapshacks are you talking about? And they get the cash by working, I assume.
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Old 10-16-2019, 09:50 PM
 
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Hard to find anything under 400k that is not falling apart in safe areas of Sacramento.
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Old 10-17-2019, 12:03 AM
 
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Yes, prices are dropping.

I went through an Open House last weekend. Originally asking $529,00, dropped to $499,000

Two-story; 2,600 sq. ft., 4 bedrooms, 3 1/2 bathrooms, 30 year old home looks new, new roof, updated kitchen.

The Back of the house is the American River Parkway, with a gate to the parkway and river. Easy walking access to the River.

The Front of the house has a beautiful park across the street with 20-30 year tall trees and shorter newer tress; two new playgrounds with the soft bouncy childproof surface on the ground, two updated tennis courts, two updated basketball courts, picnic tables. New concrete sidewalks that meander throughout the park.

Sacramento address but not in the City of Sacramento.

Master bedroom #1 which is on the 2nd floor has a huge front yard balcony that looks out onto a park which is across the street.

Master bedroom #2 which is on the 1st floor has a covered and fenced patio adjacent to the front yard.

Master bedrooms have walk-in closets, dual his&her sinks.

The two regular bedrooms upstairs share a 2nd floor balcony that looks out onto the backyard and the American River Parkway.

Pool, hot tub, and fountain in the backyard.

The backyard patio has spiral stairs that lead up to the balcony to the 2 regular bedrooms.

Big Trees surround the house both back and front.

Living room with fireplace, formal dining, spacious kitchen, great room(family room).

Laundry room is indoors between one of the master bedrooms and the 1/2 bath with a door to the outside of the house where the hot tub is located.

Two-car garage with an added giant room behind it that is plumbed and wired.

Last edited by Chimérique; 10-17-2019 at 12:24 AM..
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Old 10-17-2019, 05:45 AM
 
Location: NC
7,426 posts, read 9,297,410 times
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Quote:
Originally Posted by wburg View Post
What crapshacks are you talking about? And they get the cash by working, I assume.
I’ve noticed that when younger adults are buying surprisingly priced homes it usually means mommy and daddy have given them a large down payment. It’s one way that equally bright and hard working individuals don’t get the same rewards.
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Old 10-17-2019, 05:01 PM
 
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Originally Posted by luv4horses View Post
I’ve noticed that when younger adults are buying surprisingly priced homes it usually means mommy and daddy have given them a large down payment. It’s one way that equally bright and hard working individuals don’t get the same rewards.

That does sometimes occur, but some people and some couples are also much better at budgeting and saving than others and I think that too is pretty common as well.
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Old 10-18-2019, 08:02 AM
 
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A major recession is predicted in 2020-2021 so may wait
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Old 10-18-2019, 11:13 PM
 
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Quote:
Originally Posted by mixxalot View Post
A major recession is predicted in 2020-2021 so may wait
At this point I would.
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Old 10-19-2019, 03:10 AM
 
484 posts, read 654,160 times
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I have seen the housing market either flatten or start going down/slowing down over the past year. Some property in my community usually has 2 open houses and go pending, but over the past few months, I noticed that one that went up for sale has had about 5 open houses and is still not pending. The sellers have had to make price drops from $419K down to $406K. My own property has seen about a $15K decline since peaking late last year. This is in a highly desirable part of Sac county. However, I think part of the slow-down may be due to annual cycles and things may pick up in the spring of 2020. That said, I don't see prices continuing to go up as they have been.. it's pricing people out.
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Old 10-19-2019, 09:45 AM
 
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@ecsdude same here. One place that went pending fell out of escrow and the seller reduced the price by 20k. I am starting to see these as well at viewings with a realtor. I will probably wait a while and see what happens and if I take a private sector job that lets me travel and buy in a cheaper state and city. Like if one big tech firm offered me 200k for a job that involved 100% travel then I'd be crazy to stay in overpriced California when Idaho, Montana, Utah or Arizona afford more for less. I like southern Oregon a lot because no sales tax and I buy a lot of music gear and no use tax if you have a plane either. But real estate is as pricey and expensive there as California now.
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