/biz/ - Business & Finance

>>53248748
Depends on what you can do with that 80 acres, but it looks too dry to grow anything. Probably a bit overpriced considering how it's likely far from a town.

I don't know much about this but I'm interested in the other replies
I will say that I've been watching the real estate religiously in one town I'm interested in buying in
the homes on the market aren't cheap but they aren't moving either
most of the homes for sale have been up at least since the beginning of the year
slowly but surely markdowns are being posted
just saw one get updated today with a 10k markdown
I'm hoping for a rental property around 200K
house in your post looks pretty shitty, but the land seems nice

>>53248748
Wyoming? Depends on the state really and what use the land is. Some properties dont have rules on what you can build on the land so you dont need permission to build big barns/garages and start your own business. If its for some cattle/horses and its in a quiet area that type of house/price isnt bad. Remember, further away from the ones that commit most of the violent crime, the better.

>>53248784
It's 6 miles away from town, which is probably about 10 minutes. It was built in 2020, so nothing will break down, and apparently it's used for something. What would you price this as?

>Adorable well-built home only 6 miles from the town of Medicine Bow. 80 acres and backed by BLM land on 2 sides! Spectacular views from every direction! Two bed two bath modular with a horse barn! Owner made many improvements on the property including a soft water system and under-the-sink reverse osmosis system in the kitchen. Owner installed a river rock parking area, 100 yard shooting range, and a fire pit. Property has good cell phone service and satellite internet is available. House is super easy to access. Ownership includes access to Cassidy River Ranch common areas on the river and ranch lake! Road maintained in the winter.

>>53248803
>house in your post looks pretty shitty
https://www.realtor.com/realestateandhomes-detail/15-Sundance-Ln_Medicine-Bow_WY_82329_M90224-71535

But it's very nice inside and practically brand new. Design wise you mean?

I've seen tons of houses get marked down. My email inbox is full of "19 more markdowns"

>>53248844
Personally this type of house would do me for life pending I can upgrade build a bigger house down the line without much fuss from government

>>53248748
This is pretty easy. If it is sitting on the market for a long time it is over priced. That means more than a week. Good deals are sought by everyone, so there are no good deals just waiting out there. It took me more than 30 offers during the last crash to get a house

>>53248844
It's a trailer so it'll won't appreciate in value, but the land sounds based. I would look into the zoning and if you could build another house later to replace the trailer. Might be miserable to live there in the winter. I don't know the market of central Wyoming, but I'd guess $200k would be a fair price right now.

>>53248871
just small for a family

>>53248902
How does that make sense? If good deals don't stay on more than a week, that means you'll rarely see them through your search. If that's the case then how long do you search and how is everything else a bad deal? That also assumes that everyone knows what a "good deal" looks like. I assume a "good deal" looks different to each economic class, or else millionaires already purchased the "good deals" and raised the price.

There needs to be something to define why the house should be a certain price.


>>53248938
It's not a trailer, it's a house. It also had already been sold. Smaller house would be easier to heat desu.

How much should this house cost? It is 1million
7 bed 5 bath, 5,884 sqft .24 acre lot

https://www.realtor.com/realestateandhomes-detail/1368-E-440-N_Provo_UT_84606_M22202-84665

>>53249095
Why would you want to live in Provo?

>>53248748
Can trees not grow in this are?

>>53249534
To have a harem of cute lds wifes

>>53248748
Looks like middle of nowhere, no infrastructure.
Why would anyone wanna live there?

>>53249586
no redacted around

>>53249591
That's one good reason, but I'd take living on a boat over that any day.

>>53248844
AHAHAHAHAHAHHAHAHAHAAH
AHAHAHHAHAHAHHAHAHAHHA
AHHAHHAHHAHAHAHAHAHAHAH

a DOUBLE WIDE in the middle of the HIGH DESERT

THIS IS THE ONLY TOWN WITHIN AN HOUR

AND PEOPLE ARE PAYING 230K

>>53248748
>Also, how do you know if a house is overpriced?

$200/sqft+

>>53249666
Could've been a crypto millionaire for all we know.

>>53249666
>That public park at top left.
Kek

>how do you know if a house is overpriced

A home should be 2-4 times your annual income. If a crackshack in the ghetto is 500k and the median income is 70k it is overpriced.

However the market can stay irrational for a long time and houses will sell for what people will buy them for.

>>53249666
230k for 80 acres and a house isnt bad anywhere imo, some people dont give a shit about living near big cities and just want to be left relatively alone on their land

>>53248748
That's a manufactured home that probably was around $50k to build. Although manufactured homes have gone up in price since 2020. Today it probably costs at least $100k. So what you're really buying there is the land. Is it worth it? I don't think so. Winters are pretty harsh around that. Not sure what you can do with that land. Gale force winds year round.

>>53248748
housing takes years to change
a "crash" means prices are slightly lower one year later, and somewhat lower two years later
right now prices are slightly lower than one year ago

>>53249095
>utah
at least you won't have to worry about black people
1 million seems on point for a 7 bedroom, but that yard is fucking small
you shouldn't be buying now anyway

>>53250030
More and more of them have been moving to Utah. Well, specifically Ogden/SLC. Outside of those cities yeah I wouldn't expect to see them.

>>53249095
>https://www.realtor.com/realestateandhomes-detail/1368-E-440-N_Provo_UT_84606_M22202-84665
That home probably was around $400k to build back in 2005 but it's in one of the premiere areas along the Wasatch Front. But it's Mormon central so.. You wouldn't have to worry about any joggers that's for sure. But if you aren't Mormon you could be isolated from the community.

>>53249961
>alone on muh land

IT IS 6500 FEET ABOVE SEA LEVEL. YOUR LAND IS WORTHLESS. YOU CANNOT GROW FOOD THERE. THERE IS NO WATER ON YOUR LAND.

THIS IS YOUR ONLY FOOD SOURCE FOR 60 MINUTES. THERE IS NO HARDWARE STORE. NO ONE IS DELIVERING STUFF TO YOUR HOME.

>>53248844
>BLM land
Do Americans really?

Prices have dropped faster than ever in history. But we want it now now now as if it should have 1 minute candles or something. Investors sold to investors, they’re backing out and we’re finally at the point where they need actual people to buy/rent houses. I’m sure the average person is still dumb enough to buy if they could afford it, but they can’t. If you can tolerate living far away from anything or in a dying ghost town then you can still get a cheapish house.

>>53250191
That first home in OP is ridiculously overpriced. That property is worth $100k tops. Let the retards over pay.

>>53248748
>80 acres
80 acres of nothing.

What kind of idiot buys this? 80 acres of forest for me thanks

>>53250244
It actully has stuff on it
>Owner installed a river rock parking area, 100 yard shooting range, and a fire pit