No Profanity *** No Flaming *** No Advertising *** No Anti Trappers *** No Politics
No Non-Target Catches *** No Links to Anti-trapping Sites *** No Avoiding Profanity Filter


Home~Trap Talk~ADC Forum~Trap Shed~Wilderness Trapping~International Trappers~Fur Handling

Auction Forum~Trapper Tips~Links~Gallery~Basic Sets~Convention Calendar~Chat~ Trap Collecting Forum

Trapper's Humor~Strictly Trapping~Fur Buyers Directory~Mugshots~Fur Sale Directory~Wildcrafting

Trapper's Tales~Words From The Past~Legends~Archives~Kids Forum~Lure Formulators Forum~ Fermenter's Forum


~~~ Dobbins' Products Catalog ~~~


Minnesota Trapline Products
Please support our sponsor for the Trappers Talk Page - Minnesota Trapline Products

Joe Goodman Prints
Please support Joe Goodman because he supports us with donations


Print Thread
Hop To
Page 2 of 2 1 2
Re: Crazy real estate prices [Re: waggler] #7013731
10/10/20 01:06 PM
10/10/20 01:06 PM
Joined: Aug 2020
Posts: 214
Alaska
T
Twolines Offline
trapper
Twolines  Offline
trapper
T

Joined: Aug 2020
Posts: 214
Alaska
Our 15 acre piece of heaven up here is appraised at 145k, it has an OLD 2700 sq ft log cabin and a 800 sq ft log garage. We even have a small river that runs through the back of the property that is fishable!
Meanwhile we have a 1/2 acre property with a 1960s 1800 sq ft ranch home about 20 miles west of Portland Oregon that we rent out for about 2k a month..itís appraised at 649k at the moment...no river in the back yard though..lol
I really just donít get it...

Re: Crazy real estate prices [Re: waggler] #7013851
10/10/20 05:13 PM
10/10/20 05:13 PM
Joined: Aug 2020
Posts: 214
Alaska
T
Twolines Offline
trapper
Twolines  Offline
trapper
T

Joined: Aug 2020
Posts: 214
Alaska
Wonder if we should sell?....

Re: Crazy real estate prices [Re: waggler] #7013887
10/10/20 06:00 PM
10/10/20 06:00 PM
Joined: Mar 2018
Posts: 706
Indiana
H
Huntall76 Offline
trapper
Huntall76  Offline
trapper
H

Joined: Mar 2018
Posts: 706
Indiana
I bought a house last July. We were looking for about 2 months. Our realtor was amazing she sent us stuff as soon as they where listed. 3 of the 7 she sent us we didn't even get to look at because they sold within hours. The house we ended up buying was listed for 8 hours. We looked at it at 3:00 pm and put in a bid $5,000 over asking price with a stipulation that I wanted an answer by 8 pm because 1 house we put a bid on for asking price we got out bid. Payed $175,000 for the house that was completely redone. Got an offer from a gentleman a few months ago willing to pay $225,000 cash. It was tempting for a minute but I know how much a pain it would be to find another one in the area we want to live. It's crazy in the market right now.

Re: Crazy real estate prices [Re: waggler] #7013891
10/10/20 06:03 PM
10/10/20 06:03 PM
Joined: Jan 2007
Posts: 89
SW Idaho
Y
yousowise Offline
trapper
yousowise  Offline
trapper
Y

Joined: Jan 2007
Posts: 89
SW Idaho
Your making 24,000 a year before expenses on $649,000. Thatís only 3.7% return on your money after expenses probably only 3%. I realize that you probably bought it for way less and the return on the money you actually spent is much higher. If you sell the $650,000 in a broad market index fund should on average return at least double. With very little expenses (like 0.05%). I would sell, unless you see the value going much higher. Another way to look at it, would you spend $650,000 to buy it? If no, then sell.

Re: Crazy real estate prices [Re: waggler] #7013995
10/10/20 08:34 PM
10/10/20 08:34 PM
Joined: Aug 2011
Posts: 27,956
james bay frontierOnt.
B
Boco Offline
trapper
Boco  Offline
trapper
B

Joined: Aug 2011
Posts: 27,956
james bay frontierOnt.
Here real estate prices are tied to jobs.
When they discovered the huge Gold deposit at Detour Lake,North West of Cochrane and announced the opening of the mine,real estate went up 40% overnight.

Re: Crazy real estate prices [Re: keets] #7014001
10/10/20 08:44 PM
10/10/20 08:44 PM
Joined: Jul 2012
Posts: 2,172
Nebraska
WadeRyan Online content
trapper
WadeRyan  Online Content
trapper

Joined: Jul 2012
Posts: 2,172
Nebraska
Originally Posted by keets
seems like this has happened before...... whistle

Was that around 2008?


Follow me on YouTube if youíre bored

https://www.youtube.com/channel/UC5Ulx1woYMmCN3IPLB0wwFw


Re: Crazy real estate prices [Re: waggler] #7014120
10/10/20 11:46 PM
10/10/20 11:46 PM
Joined: Aug 2020
Posts: 214
Alaska
T
Twolines Offline
trapper
Twolines  Offline
trapper
T

Joined: Aug 2020
Posts: 214
Alaska
Yousowise the house in Oregon was originally purchased in 1984 for about 60k and was paid off in 98 or 99. When we left Oregon 5 years ago it was at 459k. The area is now home to some of the richest in the Portland area. I know of two basket ball players that live up there now lol. Almost 10 years ago my family sold a 6 acre lot with a 1940s farm house not far from the ranch home for almost a million. My sister in law recently bought a house 6 blocks from the ranch home for just under a million. Weíve been debating selling for a while now but the rental cash is nice....tenants are not. The one we have in there now wonít even mow the lawn. Wife wants a boat and I want a remote property, somewhere with no roads.....

Re: Crazy real estate prices [Re: waggler] #7014221
10/11/20 06:24 AM
10/11/20 06:24 AM
Joined: Jun 2016
Posts: 6,353
Michigan
T
Trapper Dahlgren Offline
trapper
Trapper Dahlgren  Offline
trapper
T

Joined: Jun 2016
Posts: 6,353
Michigan
same thing here ,we are getting lots of people from the city's ,coming up to the u p of michigan , not good , jmo ,

Re: Crazy real estate prices [Re: Trapper Dahlgren] #7014242
10/11/20 06:52 AM
10/11/20 06:52 AM
Joined: Aug 2020
Posts: 22
Michigan
F
Fatheroftwo Offline
trapper
Fatheroftwo  Offline
trapper
F

Joined: Aug 2020
Posts: 22
Michigan
The UP is a joke. My parents live in De Tour and everythingís being bought up. Houses that have been on the market for years have sold. Everyoneís hoping it goes back to normal in a year or two.

Re: Crazy real estate prices [Re: Twolines] #7014251
10/11/20 06:59 AM
10/11/20 06:59 AM
Joined: Dec 2006
Posts: 11,661
Sandhills Nebraska
G
Gary Benson Offline
trapper
Gary Benson  Offline
trapper
G

Joined: Dec 2006
Posts: 11,661
Sandhills Nebraska
Originally Posted by Twolines
Wonder if we should sell?....

If you don't mind the capital gains tax..........


I know I'm paranoid......but am I paranoid ENOUGH???
Re: Crazy real estate prices [Re: waggler] #7014259
10/11/20 07:07 AM
10/11/20 07:07 AM
Joined: Dec 2006
Posts: 11,661
Sandhills Nebraska
G
Gary Benson Offline
trapper
Gary Benson  Offline
trapper
G

Joined: Dec 2006
Posts: 11,661
Sandhills Nebraska
[Linked Image]
This is my Aunts home in Seattle near Puget Sound. They bought it in the 1950s. I think its all about the property taxes


I know I'm paranoid......but am I paranoid ENOUGH???
Re: Crazy real estate prices [Re: waggler] #7014271
10/11/20 07:19 AM
10/11/20 07:19 AM
Joined: Oct 2020
Posts: 4
West-Central MN
L
Luke Jackson Offline
trapper
Luke Jackson  Offline
trapper
L

Joined: Oct 2020
Posts: 4
West-Central MN
With the Feds keeping interest rates artificially low everyone who works part time think they can buy a $300k house. I own 13 rentals that I fully rehabbed and have thought about selling a couple of them but I can't think of a better asset to put the money in. The Feds are printing $1.3B a day, so high rates of inflation is inevitable. Scary times!

Re: Crazy real estate prices [Re: waggler] #7014288
10/11/20 07:39 AM
10/11/20 07:39 AM
Joined: Feb 2019
Posts: 276
ontario, canada
O
old243 Offline
trapper
old243  Offline
trapper
O

Joined: Feb 2019
Posts: 276
ontario, canada
My dads , saying in a case like this , was If you don't know what to do , do nothing. The meaning being, take some more thinking time, until it is clear, what is best for your situation. Has always worked for me. You might occasionaly , miss an opportunity. But not often. old243

Re: Crazy real estate prices [Re: waggler] #7014298
10/11/20 07:49 AM
10/11/20 07:49 AM
Joined: Sep 2012
Posts: 5,549
West Michigan
G
Getting There Offline
trapper
Getting There  Offline
trapper
G

Joined: Sep 2012
Posts: 5,549
West Michigan
We just had a house about 500 feet down the street sell for $400.000 and they tore it down and built a new house..


To Old
U.S. Army 60-63 SGT.
Re: Crazy real estate prices [Re: Getting There] #7014341
10/11/20 08:29 AM
10/11/20 08:29 AM
Joined: Apr 2014
Posts: 5,522
MO
cfowler Offline
trapper
cfowler  Offline
trapper

Joined: Apr 2014
Posts: 5,522
MO
Originally Posted by Getting There
We just had a house about 500 feet down the street sell for $400.000 and they tore it down and built a new house..

Thatís happened around here, in a couple cases. Insane!


I trap for fun. I skin 'em for the money!
Grinners For Life-Lifetime Member, MO Chapter, Den #1
~You Grin, You're In~
Re: Crazy real estate prices [Re: waggler] #7014546
10/11/20 12:39 PM
10/11/20 12:39 PM
Joined: Mar 2007
Posts: 30,543
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 30,543
McGrath, AK
I'd sell just to get out of the Seattle area. Look at the market around Boise if you're looking for another investment. Getting crowded there already.


Mean As Nails
Re: Crazy real estate prices [Re: waggler] #7014550
10/11/20 12:45 PM
10/11/20 12:45 PM
Joined: Dec 2006
Posts: 11,661
Sandhills Nebraska
G
Gary Benson Offline
trapper
Gary Benson  Offline
trapper
G

Joined: Dec 2006
Posts: 11,661
Sandhills Nebraska
I guess there is a clause that you can sell and then buy back "in kind" to avoid the capital gains tax.


I know I'm paranoid......but am I paranoid ENOUGH???
Page 2 of 2 1 2
Previous Thread
Index
Next Thread