Oh no! The Fed rate cut has not improved the housing market at all. There are fewer purchase applications, but more home owners refinancing. This means that owners can hold out longer and hold prices higher.Lowering rates did not break the logjam for loanoids. It made it worse. I guess the only way out is to start looking at houses you can afford to buy in cash, huh?https://archive.is/6r7ZO
>>517667351looks really nice actually. its usually the color of the neighbors ruins it
>>517667351What are the racial demographics of Burlington?
>>51766837883% white in that zipcodehttps://www.unitedstateszipcodes.org/52601/
>>517668505retired boomers and white welfare trash
>>517668505>>517668633sounds fairly decent then.
>>517668147>its usually the color of the neighbors ruins itThe barricade on the front door is prolly a tip-off to their color.
This kind of house requires a job to maintain it. Jobs are in other places. Jobs aren't in Burlington IA, CIA.I passed on 5 acres of raw land within an hour of my job the other day. Had a small creek running through it and everything. Why? Because then I'd be the slave of the county, of the IRS, of the building supply stores, of the international corporation I work for. And I would have to see all of that through, start to finish, without help from anyone only to have this property be worth exactly the cash I spent on it and no more. Why buy into a country in collapse, under foreign occupation? Why imagine that your psychological need of a decent, comfortable life outside a UN Habitat 2030 city can be satisfied in a place with no business, no infrastructure, no future? They're just ripping you off one last time. These houses should be bulldozed.
>>517667351lol prices are still dropping in my area
>>517668852yeah i did notice that. i guess if its not occupied thats a cheap extra bit of security because those wide doors are going to be easy to just bust open.
>>517667351Sure sign that there's $200K worth of work to be done in order to get it code compliant again.
>>51766735160 grand to update it. Thats someones lemon
>>517672053why bother? just live in it for a few years and see how it goes. you dont need a bunch of fancy new shit to live happily.
>>517667351Shocker. The Fed didn't want to do it but did so under pressure from Trump, and they were right to not want to do it.
>>517667351N
buy $OPEN stock bros, seriously, get on the train before it leaves
>>517668824>zero jobs
>>517672635No but you need a new roof, new soffet, new siding, the electrical service updated. The windows look newer so call it 50k you need
>>517667351>Barricaded front doors>Entry steps overgrown with moss>Bottom right image shows mold on the ceilingYep, that house is in a hood.
>>517673290>fiber available>5% of the zip code works from homeskill issue
I bought a house back in January only to find out the sellers lied and my title agency fucked me so the asset I bought was worth half what they led me to believe it was. I’m working with a litigation attorney now but they’re telling me there is probably nothing I can do.Honestly I wish I never bought a house. Renting was just easier.
>>517673401you might need half that. its fags thinking they just NEED new everything makes things expensive. you can go a couple winters with old style windows, the siding looks fine and probably just needs a clean or paint, the roof looks ok to me from tht one pic, and the wood is probably fine and just needs some cleaning and painting.probably go for years without any issues and you can upgrade a piece at a time. hell, if its just you and wife with maybe a kid or two, you can just live in the downstairs for a few years during the winter if its too cold. we close off a couple upstairs rooms to save on wood heating.
>>517674610>the asset I bought was worth half what they led me to believe it washow does that happen?
>2025>not only buying HIGH QUALITY, DURABLE, FULLY CUSTOMIZABLE homes built by companies that will drive prices downNOT. GONNA. MAKE. IT!!!
>>517668852>muh barricade>on a glass doornever doubt tthe friendly affordable housing anon
>>517667351Housing market is still doing well in places that aren't redneck scorching hot shitholes like Florida and Texas. Now that the dust has settled, people still want to live in the Northeast and upper Midwest like they always have, because those are actually great places to live.
>>517667351If you can stomach living in that neighborhood and in that house, that seems like a decent house, my dude. I can tell you right now that house is going to need a new roof and I can see water damage on the floor. 30k though... probably could get a roof on there for another 20k-50k depending on if you want a metal roof. Learn how to do the rest of the repairs yourself. It might seem like a lot but if you take it on one project at a time you'll have a nice house in a couple years.
>>517667351>Lowering rates.25% is nothing. We needed 200bps last year.They are pussyfooting around with it to keep rates high. They want recession when midterms hit.
Would you live beside neighbors who are white niggers, if the price was reasonable?Irish people pretend there is a housing crises but there is actually lots of cheap property right in the middle of the city if you will live among white niggers.
>>517675329looking through the photos on zillow id say the roof looks pretty good. im not seeing the usual signs of shingles reach the end of their life and lifting up etc. seems there was some water damage at one point but the ceilings above those areas looks new. really doesn't look too extensive a project, though the siding on that one back side does look pretty shitty. you'd have to see what the actual material is like because peeling paint can look like hell even if things are ok underneath. the right color vinyl siding wouldnt be all that pricey and would last forever.
>>517675484Where in the city centre? You couldn't pay me to live in that shithole
>>517673089Short Signal
>>517677097It's also very walkable. And they have a nice mid-century modern Amtrak station. The California Zephyr line stops there twice a day, once in each direction. It is listed as one of 25 top architectural buildings to visit in the State of Iowa by USA Today.
>>517668633>welfare trashIowa doesn't have welfare trash retard, that's why we're so White and crime free.
>>517678240>basedbeanbrained monoculture cuckfarmers aren't welfare whoresOkay tornadobait, cool take.
>>517667351Maybe you shouldn't have spent your 20s and 30s leveling 10 alts in WOW
>>517678386>basedbeanbrainedNigger nigger wordfilter nigger
>>517678386Farm welfare is different than nigger welfare nigger brains, and eastern Iowa river towns aren't the sea of corn you think they are retard.
>>517678790No I been there you're right it isn't corn, its onions. Fucking millions of useless acres of onions as far as the eye can see. Take your land back from these retarded cucked farmers and grow some goddamn vegetables.
Okay I'm crashing out of this thread thanks to the wordfilter. Fuck you nigger tranny kike mods
so walkable!Think of how much money you save when you have NO car payments.
>>517667351>way too accessible to the public>fencing not high enoughhow can i pour me cement and broken glass decor with those fences then?
>>517675279>black: 1there goes the neighbourhood
>>517679690Its 2 blacks. Two or more races, non hispanic means black as well.
>>5176673515-6 years ago I bought a house and people here told me I was absolutely retarded, I bought at the top, crash is imminent and they're the smart ones for waiting to scoop them all up for cheap 2008 like prices, etc, all of them with the usual unbearably smug attitude you usually find on here. What do you have to say now niggers? No one should ever listen to any of the retards on here including me.
Housing prices are restricted because of urban growth boundaries and lack of road building.The US needs more sprawl.
>>517679822was being kind and allowing that one might be a hapa qt
>>517674394JUST WORK FROM HOME BRO
>>517680673Cities can't afford how big they are now and are billions in debt because they're full of minorities
>>517667351> Well just use this wooden plank to secure the door. > there we go.
>>517667351yeah its cool if you got 100k cash and can scoop this up and correct probably like 5 different code violations. Electrical probably needs to be redone and I bet you the floor needs to go as well. Outside needs some hard love but overall not bad. Obviously you would be fucked cause where you actually live sucks ass and where you gonna work? That town is probably dead and youll eventually have some freak at least once or twice try to walk into your house
>>517667351I’m an appraiser, gonna teach you all something about houses like thisthis is probably a foreclosure, when a lender lists a house, they use what’s called an asset manager. The asset manager then hires a local realtor to manage the listing.Offers are typically limited to owner occupants first for 30 days, but when you make an offer, the lender always replies with a request for “Highest and Best”.This is how the lender gets around auction requirements for a better payout, so then you make a blind offer for the house after your initial offer along with everyone else that wants it, and whoever has the highest number and best terms (ie cash and no inspection) then you win.I’ve seen tons of $30k houses get up to $130k
>>517682758too bad
>>517682758It's just a $30K house anon
>>517682758So you make 1 offer, then they say high and best and you make 2nd offer. Then other niggers offer and whoever offer more gets, but how do other niggers know they have to make offer. And what is the time limit? It sounds like you're saying it prob won't sell for 30 so how do anons get it as low as possible?
>>517684990I bought 2 houses in TX for under 50k each. I move between them depending on the weather. Never seen a house as low as 30k unless something was really wrong with it.
>>517686363There used to be houses like that all over Indianapolis, but you had to live around niggers. Unironically as soon as faggots and liberals moved the niggers out, the hobo encampments moved in. Even hobos don't want to live around niggers.
>>517686363That's what everyone thinks,>must be something wrong with it You know what I thiink?>$30,000? That's like 20 months rent. If I live in it two years, it can burn to the ground and I still got my money's worth.Then you live in it two years and realize, >Hey, for one more year of rent, I can put a new roof on her and she'll last another 10 years at least.Then it just snowballs until I have an antique house all fixed up the way I like it. Not flipper shit with vinyl laminate floors and white painted wood work.
>>517686799I got lucky and bought old houses here 19 years ago. One is in a majority white neighborhood and my winter home is around a mixture of whites and spics but nowhere near as bad as a nigger neighborhood would be. Worst case is one of the neighbor spic women try to sell me tamales around Christmas.>Even hobos don't want to live around niggers.Totally true. They get sick of being robbed while they are on their fent.
>>517667351Don't fall for it, you'll just end up getting gangstalked in a shitty small Midwestern town where everyone has gone insane from boredomBuy land out West where there's actual nature and it's not some oversized hamster cage for RATS
>>517687303There are literally holes in the walls and parts that rotted out. Have fun with black mold.
>>517688094Another.
>>517677407The suburbs inside the M50 have plenty of cheap housing. Basically no commute. I call that "the city". Its not really the city centre.
>>517688094That's not rotting. Drywall rots. That's what happens when a flipper gets BTFO by lathe and plaster walls.
>>517688856You're probably right. But it's multiple rooms with the walls ripped out, the floor ripped out, holes in walls, plumbing ripped out, etc. Place looks really fucked.801 S 7th St, Burlington, IA https://share.google/A3f9fyG0JUOFheA8u
>>517689452As long as there's a decent room to sleep in and he left a working bathroom, I could fight club it until I have everything back in working order. At least he had the good sense not to destroy the front rooms, which are the most impressive parts of the house.
