General Discussion

MissB

(16,344 posts)

17. Yeah I'm not a senior yet but I'm not moving either

Mon Mar 20, 2023, 02:50 PM

Mar 2023

Very low housing stock and most of it is frankly not as nice as what I already have. There are two homes for sale in my neighborhood (our neighborhood boundaries and the school district boundaries are essentially the same- folks buy here for the school). Two. One is over 4 mil and one is just over 1 mil.

Four houses are currently being built. I doubt the developer will sell any of them for under 1 mil. The developer is constantly on the hunt for properties that he can snap up and subdivide the land and build more houses. That’s all fine and dandy, but a lot of folks buy here for the privacy too and cramming in homes is not that fun to see.

More tax base for the school.

Dh and I will stay here until we die.

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Why There Are No Houses to Buy in Many U.S. Metro Areas [View all] Coventina Mar 2023 OP

Where does the article blame seniors aging in place? Ocelot II Mar 2023 #1

I'm probably overreacting, as I'm super sensitive about the housing situation. Coventina Mar 2023 #4

They have to look for a way to deflect Bettie Mar 2023 #18

This is a huge problem. 👆👆👆 bamagal62 Mar 2023 #24

There was a thread yesterday about growing numbers of homeless in Bettie Mar 2023 #28

Wall Street used their bailout money from the 2008 crash to buy up distressed properties in Florida Dustlawyer Mar 2023 #33

Foreign buyers snap up cheaper Swedish holiday homes Celerity Mar 2023 #49

I have numerous foreign investors calling daily, from spoofed numbers in various states SheltieLover Mar 2023 #9

Yeah I'm not a senior yet but I'm not moving either MissB Mar 2023 #17

Many older people are aging in place because there is no place for them to go. Irish_Dem Mar 2023 #20

Paragraph 2, Sentence 2. pnwmom Mar 2023 #22

I know 2 people right now who bamagal62 Mar 2023 #26

So inthewind21 Mar 2023 #48

True. But, they bamagal62 Mar 2023 #64

Yes, that's the place I mentioned but it's the only reference Ocelot II Mar 2023 #32

TY appalachiablue Mar 2023 #35

I think the investors were a primary cause of the MineralMan Mar 2023 #27

It doesn't. inthewind21 Mar 2023 #47

Buy? 2naSalit Mar 2023 #2

This goes back to the 2.5% mortgage rates Casady1 Mar 2023 #3

Exactly. phylny Mar 2023 #63

I am getting calls from realtors trying to buy my house or the lot where owned by my oldest LetMyPeopleVote Mar 2023 #5

I get them too and they sound foreign. LiberalFighter Mar 2023 #6

Same here. Numerous calls per day from foreign investors. SheltieLover Mar 2023 #10

I keep getting calls from Honda sales people wanting to buy my 2019 Cr-V. Irish_Dem Mar 2023 #21

It's scam / exploitation attempts Amishman Mar 2023 #60

The salesman/dealership/service dealers are the ones who call me. Irish_Dem Mar 2023 #61

To be fair, the authors literally mentioned Investors before Seniors Hugh_Lebowski Mar 2023 #7

People across the political spectrum and also non-partisan vote against housing construction mathematic Mar 2023 #8

What are those "investors" doing with those homes? GoCubsGo Mar 2023 #11

In our neighborhood MissB Mar 2023 #19

It a way for rich people to park some money Mosby Mar 2023 #39

They are inthewind21 Mar 2023 #51

I'm one of those seniors in place with a low interest rate. padfun Mar 2023 #12

Time for another housing bubble!! roamer65 Mar 2023 #13

A house on our street... lame54 Mar 2023 #14

I'm constantly getting text messages with offers to buy my house that is not for sale Quixote1818 Mar 2023 #15

Man, we are feeling it seriously! hamsterjill Mar 2023 #16

What a wonderful goal! Of course we wish you luck. Have you considered other location options? housecat Mar 2023 #29

Thank you. hamsterjill Mar 2023 #36

Oh, thank you so much for helping kitties!!! Sky Jewels Mar 2023 #30

Thank you. hamsterjill Mar 2023 #38

I sold my house and moved two years ago - and I am still LeftinOH Mar 2023 #23

It's more than one thing, I think. MineralMan Mar 2023 #25

Some of us seniors can't afford anything else. TygrBright Mar 2023 #31

There are practically no homes for sale in my suburban town. Raftergirl Mar 2023 #34

Maybe instead of going after Tiktok pinkstarburst Mar 2023 #37

I searched for a year for a house OnionPatch Mar 2023 #40

land mafia at it again and out of control. AllaN01Bear Mar 2023 #41

I was looking to sell and move to a new development 1/2 mil away.... Roland99 Mar 2023 #42

I'm trapped in a cardboard box... 2naSalit Mar 2023 #43

There are investors buying rentals of all types IronLionZion Mar 2023 #44

Where is the line drawn Old Crank Mar 2023 #45

In the SF Bay Area Quanto Magnus Mar 2023 #53

Bingo inthewind21 Mar 2023 #54

I live in a big house with two people. Ilsa Mar 2023 #46

We're wanting to sell and downsize to a house with only one floor. OnlinePoker Mar 2023 #50

i live in a major metro area & home prices are falling onetexan Mar 2023 #52

Equity firms. RamblingRose Mar 2023 #55

I get at least one letter a week from realtors jmowreader Mar 2023 #56

It's largely because investors have bought millions of homes. louis-t Mar 2023 #57

I have to wonder if all those dilapidated houses Farmer-Rick Mar 2023 #58

It is cheaper to keep seniors in their own homes for as long as possible Warpy Mar 2023 #59

It's a multi pronged problem. Xolodno Mar 2023 #62

Spam deleted by MIR Team HelenMondragon Apr 2023 #65

Welcome to DU - glad to see you here!! Have fun 👍 walkingman Apr 2023 #66