SuitedAces21 2,722 Posted August 4, 2020 Share Posted August 4, 2020 yeah the market is crazy. my assistant and her husband had a long term plan to move to his parent's farm (100 plus acres) and live out there, but they wanted to save a certain amount. they saw what houses nearby were going for and just put theirs on plus 20% what they thought it should be at and it sold in 48 hours. moved the timetable up and off to the farm they go. the WFH thing makes it pretty easy too. Link to post Share on other sites
InternetExplorer 2,609 Posted August 4, 2020 Share Posted August 4, 2020 I think people are moving up plans for buying because rates are low, and this is going to eventually settle down as supply catches up and people start to feel the economic pain from the lockdown. I just know that the fed funds futures say the next rate hike will be sometime in 2023. I could be totally off base though. Link to post Share on other sites
BigDMcGee 3,352 Posted August 5, 2020 Share Posted August 5, 2020 August 4 Brownsville 92 RF 104 Des Moines 76 RF 79 Link to post Share on other sites
BigDMcGee 3,352 Posted August 5, 2020 Share Posted August 5, 2020 August 5 Brownsville 91 RF 103 Des Moines 76 RF 75 Link to post Share on other sites
hank213 1,823 Posted August 6, 2020 Share Posted August 6, 2020 Because of covid, for some reason, nowhere seems to be doing short term or month to month leases. Looks like I'll have to put my stuff in storage, cram in with blondy and the kids at her current place, and find an office space somewhere. Closing on my house scheduled for 9/29. 1 Link to post Share on other sites
InternetExplorer 2,609 Posted August 6, 2020 Share Posted August 6, 2020 I kinda wonder if smaller towns are going to see price appreciation and population growth because of all of this. If that happens, I imagine nicer restaurants will be the big winner. The people moving in from more populous places are way less price sensitive and accustomed to non-chain stuff. I remember the complaining from my brother and sister in law after they moved from DC to BFE, Indiana. 1 Link to post Share on other sites
BigDMcGee 3,352 Posted August 7, 2020 Share Posted August 7, 2020 August 6 Brownsville, FL 91 RF 105 Des Moines, IA 75 RF 77 Link to post Share on other sites
InternetExplorer 2,609 Posted August 7, 2020 Share Posted August 7, 2020 I am remembering that the Behind the Markets podcast had comments many months ago about survey data out of China, after Wuhan went into total lockdown, about a big spike in intent to buy a new house/apartment/whatever after being stuck at home for so long. I have revised my theory; I think what's going on in the property market is a combination of acute awareness of what people don't like about their houses, plus the low rates. I did actually submit interest in stock in my company, so if I get most of it, I'm going to spend the next year or two just paying off the loan. The traditional advice is, don't bet the farm on your employer, because it's already your sole source of income. I was considering what would happen if some mega firm wanted to buy us, and the truth is, I'd be immediately stripped out along with the rest of the 'overhead' staff. They just want the assets and advisors; they have their own support staff centralized somewhere else. In that scenario, for that to occur before I'm financially secure, they will have offered an unreal multiple (4-5x current valuation) for the business. So the crazy return on the stock I'm buying would be the consolation prize for an early ejection from my firm. Everyone at the company swears that this will not happen in the next 10 years at a minimum, but if a 'yes' vote means that you suddenly have generational wealth, and the buyer is making the age-old promise that they're going to leave you alone, I don't see how we stay independent. Link to post Share on other sites
brvheart 1,752 Posted August 7, 2020 Share Posted August 7, 2020 I'm looking forward to seeing how that will play out! Fingers crossed. Link to post Share on other sites
BigDMcGee 3,352 Posted August 7, 2020 Share Posted August 7, 2020 August 7 Brownsville 92 RF 104 Des Moines 86 RF 88 Link to post Share on other sites
BigDMcGee 3,352 Posted August 9, 2020 Share Posted August 9, 2020 August 8 Brownsville 92 RF 104 Des Moines 89 RF 93 Link to post Share on other sites
hank213 1,823 Posted August 9, 2020 Share Posted August 9, 2020 On 8/7/2020 at 8:08 AM, InternetExplorer said: I have revised my theory; I think what's going on in the property market is a combination of acute awareness of what people don't like about their houses, plus the low rates. I agree, and that's on top of the pent up demand from the uptick that normally occurs in the housing market every spring but was delayed this year due to covid. There is also nearly unprecedented demand for contractors/landscaping/remodel specialists right now due to so many people working from home and finally deciding to take care of that home improvement project that they've been putting on the back burner for years. I was trying to get a small patch of fence repaired and of the 2 or 3 contractors that actually returned my call only one said he had any interest in taking on a job that small but it was going to be January before he could even think about scheduling it. Link to post Share on other sites
mrfritz 892 Posted August 10, 2020 Share Posted August 10, 2020 On 8/6/2020 at 10:48 PM, BigDMcGee said: Des Moines, IA 75 RF 77 This is the ideal temperature Link to post Share on other sites
BigDMcGee 3,352 Posted August 10, 2020 Share Posted August 10, 2020 1 hour ago, mrfritz said: This is the ideal temperature It is the ideal temperature for my thesis, certainly. And I'm happy the good people of Iowa get to enjoy me being right almost as much as I do. 1 1 Link to post Share on other sites
BigDMcGee 3,352 Posted August 10, 2020 Share Posted August 10, 2020 The 9th of August Brownsville 92 RF 104 Des Moines 93 RF 96 Des Moines gets off the board with a day of higher real temp, but is still 8 degrees behind in RF. 1 Link to post Share on other sites
hank213 1,823 Posted August 11, 2020 Share Posted August 11, 2020 Another area apparently experiencing unprecedented demand: self storage yards. Link to post Share on other sites
Theraflu 1,035 Posted August 11, 2020 Share Posted August 11, 2020 Gonna have to start thinking outside the box there, Hank. Everyone seems to be on same path as you. Link to post Share on other sites
hank213 1,823 Posted August 11, 2020 Share Posted August 11, 2020 and i'm sucking hind teet... Link to post Share on other sites
Theraflu 1,035 Posted August 11, 2020 Share Posted August 11, 2020 I'm not here to kink shame. I moved into a new house over the last week. My father-in-law built two houses a few years ago, and this one has been empty, not completely finished. I'm going to "rent" it, for now, mostly cause the house has a zillow price of almost 600k, and, come on. Small town MA is insane. Moving a family of 4 sure does suck a lot of ass, but we're in pretty good shape. It's been a long 10 days or so. It's 4 bed, 3.5 bath, 2600 SqF. Unfinished basement that has great potential for the future. It's nice finally having some space. 2 Link to post Share on other sites
BigDMcGee 3,352 Posted August 11, 2020 Share Posted August 11, 2020 If I needed to store something, I'd rent office space, that shit is dirt cheap and plentiful, and I wouldn't have to deal with scumbags like Dino's storage. 1 Link to post Share on other sites
BigDMcGee 3,352 Posted August 11, 2020 Share Posted August 11, 2020 The Tenth Day of August, in the year of our Brvy 2020 Brownsville 93 RF 105 Des Moines 81 RF 90 1 Link to post Share on other sites
hank213 1,823 Posted August 11, 2020 Share Posted August 11, 2020 4 minutes ago, BigDMcGee said: If I needed to store something, I'd rent office space, that shit is dirt cheap and plentiful, and I wouldn't have to deal with scumbags like Dino's storage. I would like to hear more about Dino's since they put one in close to me and I was thinking about calling them. Link to post Share on other sites
BigDMcGee 3,352 Posted August 11, 2020 Share Posted August 11, 2020 3 minutes ago, hank213 said: I would like to hear more about Dino's since they put one in close to me and I was thinking about calling them. Go search /R/Omaha if you want the 411 on the guy that owns that place, Dave Paladino, there's a new thread about him all the time, he's a giant slum lord. I've never rented storage space from him personally, but I've never heard a single good thing about him or Dino's. Link to post Share on other sites
hank213 1,823 Posted August 11, 2020 Share Posted August 11, 2020 1 minute ago, BigDMcGee said: Go search /R/Omaha if you want the 411 on the guy that owns that place, Dave Paladino, there's a new thread about him all the time, he's a giant slum lord. I've never rented storage space from him personally, but I've never heard a single good thing about him or Dino's. That name does sound familiar. Didn't realize he owned the place. I was getting a bad vibe from them because they were the only site that didn't so much as tell you what size units they had, let alone cost or availability. Like zero info aside from the location. Link to post Share on other sites
BigDMcGee 3,352 Posted August 11, 2020 Share Posted August 11, 2020 Then again, I don't know if he's an outlier on the storage unit scumbag curve, the whole model is they hope you forget to pay rent so they can sell your shit off, so I can't imagine how many scrupulous businessmen are attracted to that grift in the first place. I picture the average moral character of a storage owner to be somewhere above a pay day loans owner and below Hitler. The fact that I know this particular scumbags name, since I know the names of exactly zero other storage owners, says a lot, though. Link to post Share on other sites
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