With our rental back on the market we have been flooded with people from the west coast wanting to lease it. Even had offers to pay several hundred above what we have it listed for. I figure with covid many companies have now moved to remote and these people can still keep their jobs and move anywhere where the cost of living is much cheaper. Sooner or later it’s going to go way up here too because of this. That with all the money being printed is going to lead high prices for everything.
Sent from my iPhone > On Apr 25, 2021, at 7:33 AM, Dan Penoff via Mercedes <mercedes@okiebenz.com> > wrote: > > There are those who claim that a significant amount of the home being > purchased at present are being done so by investors. I don’t think this is > the case, at least not in the markets I track. In both Tampa and Flagstaff > it’s outsiders moving into the area from parts of the country that have > higher property values (New York, California), allowing them to purchase at a > high level and in many cases with cash. > > Flagstaff would be more prone to investor owned properties as there are a > quite a few vacation rentals in the area because if it’s proximity to the > Grand Canyon and Arizona Snowbowl, but again, from what I can tell the > majority of single family homes are being purchased by out of state > individuals. > > During the financial crisis there were loads of institutional investors in > Tampa, gobbling up pretty much anything below $300k and renting it. Those > properties are still rentals, but have increased in value significantly. The > question begs when or if the investor owned properties will ever revert back > to private ownership? > > -D > >> On Apr 24, 2021, at 10:04 PM, Curt Raymond via Mercedes >> <mercedes@okiebenz.com> wrote: >> >> I can't believe this isn't a bubble, where does the money come from for >> these crazy prices? >> I also wonder if a lot of the people moving out of the cities are going to >> find they don't actually like living in the burbs. No theater, restaurants, >> museums etc. Will we see a thundering movement back into the cities in 5-10 >> years? Well, probably never thundering, slinking maybe. >> >> -Curt >> >> On Saturday, April 24, 2021, 9:31:54 PM EDT, Rick Knoble via Mercedes >> <mercedes@okiebenz.com> wrote: >> >> Screw that. A cool million for 2600 sf? Uh, no. >> >> It will be interesting to see if this is another 2007-2008 bubble, or if >> high inflation is here to stay. Fixed income folks are about to get >> economically crushed. At least in the late seventies you could get a decent >> return on money market accounts, because interest rates were through the >> roof. Now, not so much. >> >> We are living in interesting times. I'm not sure if that's a blessing or a >> curse. >> >> >> Rick >> >> From: mercedes@okiebenz.com >> Sent: April 24, 2021 8:10 PM >> To: mercedes@okiebenz.com >> Reply-to: mercedes@okiebenz.com >> Cc: d...@penoff.com >> Subject: Re: [MBZ] New Okie Acres >> >> Heh. If it was in Flagstaff it would be 3x more and already snapped up with >> cash by Kalifornians. >> >> I was just looking at a 4br 2-1/2 bath 2600 sf house in Flagstaff that >> listed for $850k on Monday. Multiple full price offers, it’s now under >> contract at $900k for a cash sale. Absolutely frickin’ insane. >> >> -D >> >>>> On Apr 24, 2021, at 9:03 PM, Rick Knoble via Mercedes >>>> <mercedes@okiebenz.com> wrote: >>> >>> Or for you, too bad it's not in Arizona, by Flagstaff. >>> >>> >>> Rick >>> >>> From: mercedes@okiebenz.com >>> Sent: April 24, 2021 7:56 PM >>> To: mercedes@okiebenz.com >>> Reply-to: mercedes@okiebenz.com >>> Cc: d...@penoff.com >>> Subject: [MBZ] New Okie Acres >>> >>> Kaleb needs to move to WI and establish an Okie Acres up there. Here’s a >>> deal on an Amish farm: >>> >>> https://www.facebook.com/groups/4CORNERSREALESTATE/permalink/3816389021807759/?sale_post_id=3816389021807759 >>> >>> <https://www.facebook.com/groups/4CORNERSREALESTATE/permalink/3816389021807759/?sale_post_id=3816389021807759> >>> >>> For those without FB: >>> >>> Athens, Wisconsin Marathon Co. 100 Acre Amish Farm. 60 acres farmland >>> excellent soil. 20 acres woods 20 acres pasture with fencing and pond. >>> Small creek. 6 bedroom Amish built house attached garage/canning room with >>> concrete floor. Full basement walk in attic. House needs work . Dairy Barn >>> with cow and horse stalls. Milk room , calf pens. 2 silos. Machinery shed . >>> 3 bay open front garage/buggy shed. All buildings need fair amount of work. >>> Sits quietly back on your own private lane overlooking the creek. Large >>> organic gardens. Farm needs TLC but tons of potential. Off grid Amish >>> paradise! $389,000 >>> _______________________________________ >>> http://www.okiebenz.com >>> >>> To search list archives http://www.okiebenz.com/archive/ >>> >>> To Unsubscribe or change delivery options go to: >>> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com >>> >>> _______________________________________ >>> http://www.okiebenz.com >>> >>> To search list archives http://www.okiebenz.com/archive/ >>> >>> To Unsubscribe or change delivery options go to: >>> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com >>> >> >> >> _______________________________________ >> http://www.okiebenz.com >> >> To search list archives http://www.okiebenz.com/archive/ >> >> To Unsubscribe or change delivery options go to: >> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com >> >> _______________________________________ >> http://www.okiebenz.com >> >> To search list archives http://www.okiebenz.com/archive/ >> >> To Unsubscribe or change delivery options go to: >> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com >> >> >> _______________________________________ >> http://www.okiebenz.com >> >> To search list archives http://www.okiebenz.com/archive/ >> >> To Unsubscribe or change delivery options go to: >> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com >> > > > _______________________________________ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
