A house around the corner from me for sale

Don M. said:
In today's real estate market, anyone who owns a home in places like San Francisco, or NYC, and is living a moderate middle class lifestyle, could sell it, and move to a far more affordable area, and live like a king.
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When we lived in AZ, the migration was from CA. They could sell their homes for outrageous prices and move to AZ and build a big new one for around $400,000. That was in our area. Phoenix is much higher.
 

charry said:
My son has just told his small 2 bed bungalow that he rented out,he had 14 offers and sold it within the week
for £420.000 …
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that sounds about right, probably over asking. The worlds real estate has gone crazy, making it so difficult for young couples to buy their first home. Habitat for humanity is such a marvellous organisation and much needed.
 

RobinWren said:
that sounds about right, probably over asking. The worlds real estate has gone crazy, making it so difficult for young couples to buy their first home. Habitat for humanity is such a marvellous organisation and much needed.
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Youngsters don’t need to put down a deposit of 10% now ………do they ?
 
The first house I bought in Steamboat Springs in 1976 was in a similar market. It was $28,900 in 1976. Which I thought was outrageous at the time. The average home price there now is well above one million. While I've made a good living from my various businesses over the years, real-estate is where I really got ahead. Not a big player by any means, but it all adds up.
 
I still have my home in Florida for sale. (No yard sign.) I have it well overpriced because I am in no hurry to sell it, but if someone is willing to pay my price, then I would let it go.
 
I think I found out why there are so many homes for sale in this neighborhood. I was out walking and one of the neighbors called out to me. She's a member of the village board. We chatted a while and I remarked at how surprised I was at the volume of traffic I observed when out walking. Much more than expected for a back road of a small town. She said to the effect that "Wait until the new development goes in across the road - 170 unit project." Who would have thought they needed so many new homes out here? Here is an aerial view. My house circled in red. the whole forested area on the left of the picture is the land to be developed.

colonial.jpg
 
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They look like a house but call them apartments. Does this mean they’re just going to be rentals?
 
I don't know many details about the development proposal. I think that picture in the article is just put there as an example of their work. Consult the caption.

That article is 4 years old, so they aren't moving very quickly on it. I'm more concerned that a small town's resources can handle the increased pupulation influx this would create. Wait until everyone goes to flush their toilets at 8 am.
 
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Ha! you should worry about 176 houses/apartments... This year the council have given permission for 2,600 houses to be built on Farmland just a couple of miles from here... that's potentially going to be a minimum of over 5,000 people, and probably much more , with children ... and they will all be trying to get their children into the few schools here which are already very overcrowded for a small market town , and with no hospital A&E or inpatients here the nearest and only Hospital with an A&E in another town 20 miles away , the hospital already understaffed and overcrowded with long waiting lists..our doctors & dentists the same. so we now wait weeks for appointments for both the latter, and in some cases years for surgery at the hospital, . ..It's a disgrace that this should be allowed without the necessary extra infrastructure in place... All it will add to the area is extra traffic ...

..someone's hands on the council are stroked with a lot of silver... 😣
 
Jules said:
They look like a house but call them apartments. Does this mean they’re just going to be rentals?
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I think the bottom picture is just a house they built for an example of the type of building they do. It's not part of what they are proposing for the apartments.

I just am saddened by all the development everywhere you look. No green space is safe.
 
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