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Post by epaul on May 11, 2022 10:16:14 GMT -5
Whatever the national discussion is, doesn't matter what it is, I feel so left out of it.
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Post by david on May 11, 2022 18:07:23 GMT -5
I just read a report on house prices in the towns surrounding Indianapolis, including mine. The price increase percentages are very high. My house is worth enough to tempt me to sell it except my replacement abode would cost an equally ridiculous amount. You can't hope to buy a house here for the listing price. Someone will outbid you with an offer thousands over listing and often pay cash and waive inspections. My newlywed granddaughter and her husband just moved into their first house after bidding on and losing several. To get it they had to make a preemptive offer. Now, if you own a home in San Francisco or another high cost area you can sell it and buy a relative mansion here and maybe retire on what's left. I'm wondering how that happens. 1. How does everyone know how much over the asking price, and feel confident about a first offer? 2. How did everyone in the housing market suddenly have the cash of a millionaire to put down on these 300-500K houses? (is it merely an upward spiral -- musical houses shifting the same money around?) #1. Around here, you ask for about 125% of a reasonable price and expect cash offers above that with no contingencies. The high offers (bidding wars) are driven by #2. #2 Single family homes for rent and for sale are not currently keeping up with the number of single families, i.e. need is outpacing availability. So those with the most money are getting the sale. I do not suspect that the bubble will burst until the number of single families needing homes stabilizes or decreases (which will eventually happen with the slowed population growth in the USA) and the number of homes available increases, due to more homes being built than are destroyed. |
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Post by Village Idiot on May 11, 2022 20:01:02 GMT -5
climate scientists have theorized for a while that the west and southwest saw abnormally wet weather for an extended period that lasted about 150 years and ended around 2000 That’s really interesting. Perfect timing, in some bizzare way. |
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Post by drlj on May 11, 2022 20:12:45 GMT -5
Hoosiers worry about what it all means for the squirrel population.
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Post by Rob Hanesworth on May 11, 2022 21:36:06 GMT -5
Hoosiers worry about what it all means for the squirrel population. The uncertainty has delayed the opening of my chain of Squirrel-fil-A restaurants. Our plan was to be open ONLY on Sundays, when competition is less. |
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Post by Cornflake on May 11, 2022 22:27:47 GMT -5
KPNX News:
"There's a city twice the size of Tucson out in the desert south of Apache Junction. It houses 900,000 people in thousands upon thousands of homes.
But it just hasn't been built yet.
The area is 276 square miles of empty desert called Superstition Vistas. It stretches from the southern border of Apache Junction, down the edge of San Tan Valley, all the way down to Florence, then across to the US 60 and beyond.
And for all that area, with all those people estimated to live there upon completion, there's not enough water."
Details, details.
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Post by jdd2 on May 12, 2022 1:10:38 GMT -5
Think of it as a dry(!) run for settlements on mars.
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Post by PaulKay on May 12, 2022 8:21:45 GMT -5
KPNX News: "There's a city twice the size of Tucson out in the desert south of Apache Junction. It houses 900,000 people in thousands upon thousands of homes. But it just hasn't been built yet. The area is 276 square miles of empty desert called Superstition Vistas. It stretches from the southern border of Apache Junction, down the edge of San Tan Valley, all the way down to Florence, then across to the US 60 and beyond. And for all that area, with all those people estimated to live there upon completion, there's not enough water." Details, details. That's not just happening there. AZ Central " Where will water come from for the massive, Flagstaff-sized community planned for Buckeye?" A massive community about to get underway in the nation's fastest-growing city raises the question: Where will the water come from? Buckeye leaders approved Douglas Ranch, a master-planned community roughly the geographic size of Flagstaff that would quadruple the city's population, nearly 20 years ago. That plan calls for the development to rely on groundwater, a resource state water experts say has been so dangerously depleted that Arizona's water future is in jeopardy. But before large-scale construction can get underway at Douglas Ranch, the developer by law must prove to the state water department that it has enough water to serve future residents. Already, the agency has halted further development at Sun City Festival and Festival Ranch near the proposed Douglas Ranch community, saying new evidence from the model may suggest inadequate groundwater, according to documents from the Arizona Department of Water Resources. There is a housing shortage, and no water available to build more. The indirect effect is that it keeps housing supply down. |
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Post by Hobson on May 12, 2022 9:39:12 GMT -5
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Post by aquaduct on May 12, 2022 9:50:24 GMT -5
Thought this was interesting. Looks like major collapse is already gaining steam: Oh, How We Forget |
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Post by Marshall on May 13, 2022 14:44:41 GMT -5
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