Time always wins.. in 10 years the 30 somethings will be mid 40's and the bubble will have gone bust.... Who knows what will happen to the "city infrastructure" in that 10 years, with the loss of unlimited income from high taxes on the people who "escaped" for whatever reason... The high priced house they spent big money for is "post bubble" now worth much less, and the city they think they miss is still too high to buy into..
I predict some very unhappy people who slap their forehead every morning in the mirror and say "What was I thinking?" On Sat, Apr 24, 2021 at 7:05 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
