Re: Major housing crash coming this winter or sooner
Posted: Thu Oct 15, 2020 7:38 pm
Never
All Things Kansas.
https://www.kansascrimson.com/boards/
Japh: so sorry. Devastating. Take the points vs UTjaphy wrote: ↑Sat Jan 02, 2021 9:00 pm We talked to realtors in Denver area about selling our townhouse last week. They are falling all over themselves trying to get us to list with them. They are willing to list it for 1% and think they can exceed our minimum. If we hit our minimum, it would be a 25% increase in value after just 3 years. The crash has been devastating so far.
We looked at Bellingham a couple of years ago. I fell in love with the Seattle area when I was working on the Experience Music Project 20 years ago. My wife liked Bellingham more than Seattle as she prefers a smaller city. Prices up there are crazy. A friend from college sold his home there and moved to NM and now works remotely. He could probably retire off the money he made selling a home he has owned for 25 years. In the end it makes more sense for us to fly out there and spend a couple of weeks every year in hotels.TraditionKU wrote: ↑Sun Jan 03, 2021 8:07 am housing prices here just keep going up, otherwise we’d be getting serious about buying
our neighborhood is up on the bench, in the shadow of Mt. Olympus...nothing under a half million
I lived in Bellingham for 7 years. Moat of my family is still there. They seem to have all slowly left kansas and ended up in bhamjaphy wrote: ↑Sun Jan 03, 2021 11:02 amWe looked at Bellingham a couple of years ago. I fell in love with the Seattle area when I was working on the Experience Music Project 20 years ago. My wife liked Bellingham more than Seattle as she prefers a smaller city. Prices up there are crazy. A friend from college sold his home there and moved to NM and now works remotely. He could probably retire off the money he made selling a home he has owned for 25 years. In the end it makes more sense for us to fly out there and spend a couple of weeks every year in hotels.TraditionKU wrote: ↑Sun Jan 03, 2021 8:07 am housing prices here just keep going up, otherwise we’d be getting serious about buying
our neighborhood is up on the bench, in the shadow of Mt. Olympus...nothing under a half million
Denver market is still really hot. Our townhouse is near the W Line light rail so it takes 20 minutes to ride the train to downtown and 45 minutes to get to DIA. And there hasn't been anything in our neighborhood for sale for a year. Most of the houses in our area are only the market for days. It sucked being on the buyers end in that market but as a seller, I am all for it. Waive appraisal, waive inspections, first offers 10% over asking and give priority to cash buyers. Moving and finding a new place will suck but we will cash out of Denver and move into the Colorado Springs market this time. Doing all of this in a pandemic will make it more interesting.
I recall a hotel going up during the construction process. Is that where you were working? There was so much construction in that area at the time it was hard to keep track of it all. Seattle is a cool city, lots of great restaurants. Bellingham is really nice as well. Whale watching between Bellingham and Friday Harbor was a dream trip for my wife. We came close to pulling the trigger on a condo out there but decided the long distance to travel made it impractical. Do you visit much?TDub wrote: ↑Sun Jan 03, 2021 11:24 amI lived in Bellingham for 7 years. Moat of my family is still there. They seem to have all slowly left kansas and ended up in bhamjaphy wrote: ↑Sun Jan 03, 2021 11:02 amWe looked at Bellingham a couple of years ago. I fell in love with the Seattle area when I was working on the Experience Music Project 20 years ago. My wife liked Bellingham more than Seattle as she prefers a smaller city. Prices up there are crazy. A friend from college sold his home there and moved to NM and now works remotely. He could probably retire off the money he made selling a home he has owned for 25 years. In the end it makes more sense for us to fly out there and spend a couple of weeks every year in hotels.TraditionKU wrote: ↑Sun Jan 03, 2021 8:07 am housing prices here just keep going up, otherwise we’d be getting serious about buying
our neighborhood is up on the bench, in the shadow of Mt. Olympus...nothing under a half million
Denver market is still really hot. Our townhouse is near the W Line light rail so it takes 20 minutes to ride the train to downtown and 45 minutes to get to DIA. And there hasn't been anything in our neighborhood for sale for a year. Most of the houses in our area are only the market for days. It sucked being on the buyers end in that market but as a seller, I am all for it. Waive appraisal, waive inspections, first offers 10% over asking and give priority to cash buyers. Moving and finding a new place will suck but we will cash out of Denver and move into the Colorado Springs market this time. Doing all of this in a pandemic will make it more interesting.
Also you worked on EMP? I was working right across the street for a bit while that was going up
It was the gates foundation building. I think emp was actually complete but still working on punchlist stuff and finishing exterior landscaping work etc. There was a ton of work there, i worked in south lake union for most of my 15 years in Seattle.japhy wrote: ↑Sun Jan 03, 2021 12:23 pmI recall a hotel going up during the construction process. Is that where you were working? There was so much construction in that area at the time it was hard to keep track of it all. Seattle is a cool city, lots of great restaurants. Bellingham is really nice as well. Whale watching between Bellingham and Friday Harbor was a dream trip for my wife. We came close to pulling the trigger on a condo out there but decided the long distance to travel made it impractical. Do you visit much?TDub wrote: ↑Sun Jan 03, 2021 11:24 amI lived in Bellingham for 7 years. Moat of my family is still there. They seem to have all slowly left kansas and ended up in bhamjaphy wrote: ↑Sun Jan 03, 2021 11:02 am
We looked at Bellingham a couple of years ago. I fell in love with the Seattle area when I was working on the Experience Music Project 20 years ago. My wife liked Bellingham more than Seattle as she prefers a smaller city. Prices up there are crazy. A friend from college sold his home there and moved to NM and now works remotely. He could probably retire off the money he made selling a home he has owned for 25 years. In the end it makes more sense for us to fly out there and spend a couple of weeks every year in hotels.
Denver market is still really hot. Our townhouse is near the W Line light rail so it takes 20 minutes to ride the train to downtown and 45 minutes to get to DIA. And there hasn't been anything in our neighborhood for sale for a year. Most of the houses in our area are only the market for days. It sucked being on the buyers end in that market but as a seller, I am all for it. Waive appraisal, waive inspections, first offers 10% over asking and give priority to cash buyers. Moving and finding a new place will suck but we will cash out of Denver and move into the Colorado Springs market this time. Doing all of this in a pandemic will make it more interesting.
Also you worked on EMP? I was working right across the street for a bit while that was going up
I spent every other week in Seattle for about 2 years during construction. Still my favorite project. There was a bar across the street that had a chainlink fence around a chunk of asphalt with a basketball goal inside. We called it the thunderdome, there were regular games played in there usually ironworkers versus the sheetmetal workers. I played pg for the sheetmetal guys when I was in town. We didn't drink there as they had shitty beer only fit for ironworkers, we would go to McMennamins in Queen Anne a lot or down to Pike Market. The ironworkers had control of the tower crane during the day and sheetmetal guys had it all night, so I would be up on the roof at night observing the sheetmetal workers installing panels. Watching guys lose their grip and slowly slide off the edge of the building into the dark until their harness lanyard went tight and then pull themselves back up over the edge by rope was a weird late night sight. During the day the inspector would come on site and I had to rappel the side of the building to review things he wasn't sure about. He was a steel inspector and he had to review and sign off on the panel installation. It was all aluminum and he was in over his head so we would climb all over the building and I would sign off on things he was unsure of or we would have the sheetmetal guys fix it. I suspect visiting that building as a small child when it opened was one of the events that made my daughter want to become an engineer as well. Years later during her first year of Arch E design studio at KU every one in her class had to pick a building from a list of buildings by famous architects to write a report and give a presentation on. There were 3 buildings in the list that were projects I worked on and she had seen as a small child. She picked the EMP and texted me from class to ask for anything I might be able to add to her report.
There is place way up high in the lobby where the ironworkers all signed a steel "rib" that you can barely see from the ground level. When we did our analysis of the building skin we had to create a topographic map of the building exterior to be able to identify where we were on the structure. A simple 2D grid wouldn't work. My claim to the building was when the top came out there was a "knob" on the NE corner with my name on it. I also named the front of the building where the monorail passes through, that section is the Madonna of the Monorail or the Maddona Wall for short. As the engineer on a project it is best when no one knows or cares who you are. It means your work went smoothly and no one got hurt.