Land I had been researching got a price cut of 25%

[Anonymous No.56718503]

Just when I was about to buy an old family house near a beach (for tourism), some land I had been researching got a price cut of 25%
This land is located in the side of a hill. Useless for agriculture IMO but I think it could be great for solar energy projects, and maybe some tourism or entertainment. It could also make me live off state subsidies. It's not too well located, though.
What do? Should I try my luck or should I go with the safe option? Should I try using this as an argument for a price cut on the house? I'll be left with almost no money by buying this house. Meanwhile, the land costs a bit more than half of that.

[Anonymous No.56718535]

>>56718503
It’s still an overinflated market near the top, they sold everything to pajeets and chink using foreign loans, boomers are dying, guess what will happen to prices

[Anonymous No.56718563]

>>56718535
I don't think they will dump the price even more. it's 12 acre for $60k. I'm sure they cut price because they are desperate (probably), but I've noticed people STILL ARE BUYING property in the area. meanwhile, the house I'm buying it's also relatively cheap compared to everything else, and this land is even cheaper, relatively speaking
also, I'm not murican. while shit has become expensive here, it's not THAT expensive.

[Anonymous No.56718618]

when theres smoke there's usually fire - what i mean is, if there is already a 25% concession, how much lower could they go?

building is more expensive than buying - in 90% of cases.

id wait for more pain in the RE market before pulling trigger

[Anonymous No.56718682]

>>56718618
I'm fucking desperate. I know I should wait and this will sound retarded but I can't keep waiting. I was born poor and I still don't have my own hous., now I have some money and I really think these two properties are the best deals I'll find in a while.

[Anonymous No.56718724]

>>56718682
You're experiencing FOMO for some reason.
There's plenty of other land that will drop in price if that one gets sold

[Anonymous No.56718848]

>>56718682
The best time to buy land is always now, especially if you just got a 25% discount. People will always want land, so don't get greedy and try to time the bottom to the micro-second.

[Anonymous No.56719318]

>>56718503
Buy land and build a cabin

[Anonymous No.56720345]

>>56718848
this land is at the side of a hill inside a gated community. the only part where I'd be able to build would be the top

>>56719318
it's not remote land, and the neighbor is developed

[Anonymous No.56720374]

>>56718503
>solar energy projects
>beach houses
You don't know what you are doing. There is solar going in near me and a huge backlash because it will be an eye sore for existing houses.

[Anonymous No.56720386]

>>56720374
those are two completely separate things. learn to read.

[Anonymous No.56720559]

>>56720345
>HOA
Worthless land.

[Anonymous No.56720790]

>>56720559
HOAs themselves are not even legal in my country. but yeah, it would be much better if the developer hadn't included this land in the community...

[Anonymous No.56720821]

>>56720790
*rural HOAs aren't legal...

[Anonymous No.56721349]

>>56718682
Don't do it, bro.

[Anonymous No.56721449]

>>56718503
Whats the slope? I just bought a good chunk of land in my city that is 11% slope thats about 6.5 degrees sloped downward.

Gonna build my house there

[Anonymous No.56721525]

>>56718503
if it's the strip of land below that house youre literally just their leech field

[Anonymous No.56721543]

>>56721449
20% average I think (I calculated it quickly based on height data I got from google maps...), but it's not contant. top of the hill has a patch of flat land, though. big enough for me to build something and ALSO invest on solar energy, maybe. shit sucks for building IMO but its pointing to the sun

>>56721525
>youre literally just their leech field
what? what does it mean? please elaborate.
that's not a pic of the place, but there are a bunch of houses close to the land.

[Anonymous No.56721778]

>>56718535
>boomers are dying, guess what will happen to prices

Never underestimate to power of the Jew. There will be larger brown swarms coming to inflate the price.

[Anonymous No.56722025]

>>56718503
buy the house by the beach. offer less than it's listed for - selling is very difficult now due to high interest rates. Offer to buy As Is and do an inspection so you know what you're on the hook for. A seller who can just sign papers and get money with no bullshit right now will be very happy. Anything that needs to be fixed is easier for a buyer anyway, as they have plenty of time.

[Anonymous No.56722051]

>>56721543
What country/town and around what price range? Im in Lithuania Vilnius and bought dor 60k a similar piece.

Also, VERY important. As someone planning the architecture rn check which side the sun sets/rises. Ideally you want the house front facing south and the slope facing south, since it will be cold if its north and other shit like that to consider.

My one is North East facing slope saldy, but id have an amazing view of the forest so its a trade im willing to take

[Anonymous No.56722054]

>>56718503
negotiate them down to over all minus 60% or I walk. nobody wants this and they need to offload this shit fast, otherwise 25% is suicide.

[Anonymous No.56722082]

>>56722054
Many landholders sit on it for a long time and put it on the market whenever prices get out of control. They likely don't owe on it and just pay taxes, so if they're not actively using it unloading it is always an option.

A property on the beach with a structure is far more valuable than some hillside land in the middle of nowhere.

[Anonymous No.56722114]

>>56722025
that's exactly what I'm doing, minus the inspection. I got a 15% cut, but prices are inflated af (think 4x in the last 10 years, ~2x considering inflation).
I haven't bought yet because papers have been delayed over and over. I wish I could leverage the price cut of this land to get an even larger cut on the beach house...

this property crisis is making me greedy af.

>>56722054
read above

>>56722051
I'm in south america. price is US$55k
this land faces the sun almost all day long, and there is a forest in front of it so I doubt there will be tall buildings anytime soon.

>>56722054
>nobody wants this
I know this. they've been trying to sell it for 3 years and only a few people (me included) have talked to them.
land has a high slope but I think there is more to it because the seller is the developer of the gated community I talked about, and for some reason they stopped developing right at the start of that land.

[Anonymous No.56722134]

>>56722114
>South America
that changes everything. I have no advice for you.

[Anonymous No.56722260]

>>56722134
shit is the same in south america as you describe here >>56722025
>buy the house by the beach. offer less than it's listed for - selling is very difficult now due to high interest rates
cuz we follow global trends. only problem is that life is expensive af in my country (chile), even more expensive than in fucking europe in some aspects.
not sure who to ask for an inspection, though... I'm ignorant on this stuff. architects?

>>56722051
>60k a similar piece
how many hectares? this one is 5has

[Anonymous No.56722294]

>>56718535
there are more young people reaching home-buying age than there are boomers dying. plus boomers' kids will inherit those properties, and turn them into airbnbs to get cashflow to buy their dream home. property literally only goes up, if you do not own within two years you will be a rentcuck FOREVER

[Anonymous No.56722369]

>>56722294
Realtor detected

[Anonymous No.56722413]

>>56722260
Hectares and ares and not the same here I think.

I wont do the translating but length is 58meters and width is about 30meters.

Its a bit expensive for what it is since it has no city water, but it has an amazing view to a woods which are considered natural resort or something and its a brand new all white neighbourhood, with cool houses all around.
And within the city limits with just a short drive to my parents home and a bus stop 15min walk away

[Anonymous No.56722541]

>>56722260
chile is a beautiful country anon. i dont think there are many beaches though? may i ask which town the property is located in? i will spend the next hour exploring google maps. personally I would really like to buy land in patagonia

[Anonymous No.56722584]

>>56722413
your land is 0.17 has
1 hectare = 100x100 square meters = 100 ares (1 are = 10x10m)
the beach house is like 18x36 = square meters, completely urban but in a mostly quiet area, an hour away from 2 big cities.

>>56722541
>i dont think there are many beaches though?
anon, this country limits with some 4000km of sea to the west. you can be sure we have some beaches lol. don't expect warm beaches, though...

>may i ask which town the property is located in?
eh, I'd rather not give more details. I don't want to get doxxed.

[Anonymous No.56722646]

>>56722584
i know i spend hours looking at maps. It's the eastern pacific. very few sandy beaches from what i can tell and the terrain is very mountainous right to the water's edge. definitely all cold water...good for fishing though.

For example Chile has 4k km of coastline but very few natural harbors. by far and away the best natural harbor would be Puerto Montt and the eastern coast of Chiloe island but that area does not seem to be particularly industrialized.

[Anonymous No.56722751]

>>56718503
Commercial Realestate is crashing. Its going to drag a lot if land values down. Especially land only useful for structures. On top of that any structure in a high risk areas are becoming un-insurable.

[Anonymous No.56722822]

>>56722751
Lands speculation never changes. Boom bust cycles.

The only home you should buy is one you see yourself living in the rest of your life, imo

[Anonymous No.56722863]

>>56718682
Do it bro

[Anonymous No.56722920]

>>56722646
chile is a poor country that LARPs as developing. our capitalists live off the extraction of natural resources (mostly copper, but may other mining products as well as food and similar shit) and retail sales (reselling chinese stuff and other low quality local products). there were attempts regarding industrialization (mostly from the state itself) but then pinochet sold all of that to his buddies and liberalized trade while trying to crush opposition. to economic reforms organized from the US (which failed, so they had to rethink the whole thing)

[Anonymous No.56723110]

>>56722920
Fundamentally better off than its neighbors

Remember when chileans chimped out and destroyed their mass transit because fares were too expensive by some marginal amount?

That surprised a lot of people because Chile has better prospects than most economies.

[Anonymous No.56723185]

>>56722920
Where do you guys buy real estate from those countries besides just googling Chile real estate and clicking the first few links which seems like a "tourist trap".

[Anonymous No.56723305]

>>56723185
I am chilean and live in chile
Sotheby's sells overpriced shit, but I guess they sell some really overpriced shit...
there are a bunch of websites (like mercadolibre) but they are all in spanish
maybe I should build a website for this shit...

>>56723110
>Fundamentally better off
as long as copper is needed and foreign companies are free to take it (to some degree), yeah. check this: https://atlas.cid.harvard.edu/countries/42/export-basket
even argentina has more complex exports... yet their economy is in the shitter. that's because of mismanagement.
both countries could easily become the next venezuela if first world powers decided to fuck us. we aren't free from their decisions and manipulation of markets...

[Anonymous No.56723621]

>>56718563
>it's 12 acre for $60k
what the FUCK? where???

[Anonymous No.56723674]

>>56718503
>>>/biz/lgg

[Anonymous No.56723986]

>>56723621
read the thread

>>56723674
k

[Anonymous No.56725594]

>>56718503
pic rel is comfy anon

[Anonymous No.56726087]

>>56725594
the one I researched isn't anything like that, though. that's some random pic I took from the internet.
would love a house like that, but I don't think I have enough money for it

[Anonymous No.56727995]

I'm looking for different perspectives, so... one last bump

[Anonymous No.56728024]

>>56718503
you are a nigger and deserve what is coming to you

[Anonymous No.56728136]

>>56728024
u wot m8
elaborate