Check out these prices

[DILLIGAF]

You have a double wide ! Dam . All we got was a short single wide ! I too want new jack stands !

At this time I don't even have a single wide....BALLERS! lol

 

[Melloyellovector]

the spa leakes, water travels through stone right onto the deck. I’m out!

 

[DILLIGAF]

the spa leakes, water travels through stone right onto the deck. I’m out! View attachment 974237

Come on....flex seal with fix that right up

 

[petie6464]

It's 1990 again. . No wait it's 2006

No. ..it's 2021 and no one has a memory.

 

[LargeOrangeFont]

It's 1990 again. . No wait it's 2006

No. ..it's 2021 and no one has a memory.

No.. it just does not matter. Anyone would take 2006 prices right now and think they got a deal. There were about 5 years in my lifetime when i can remember anyone saying “Wow, this real estate is so reasonably priced, and that was from 09 to 2013. Other than that, no matter where it was, it was “overpriced”

If you are buying real estate for more than 5-6 years out, you are very safe.

 

[petie6464]

No.. it just does not matter. Anyone would take 2006 prices right now and think they got a deal. There were about 5 years in my lifetime when i can remember anyone saying “Wow, this real estate is so reasonably priced, and that was from 09 to 2013. Other than that, no matter where it was, it was “overpriced”

If you are buying real estate for more than 5-6 years out, you are very safe.

It's not the prices it's the dynamics that drive the prices and the fallout that follows.

Been buying and mostly holding RE for 36ish years, now's a good time to sell/hold and come back and pick from the skeletons, there will be great buying times again in the not to distant future.

History always repeats itself in RE.

 

[blefever]

2 mil ain't what it used to be! lol

 

[n2otoofast4u]

I kick myself almost everyday for not jumping on the house that @OldSchoolBoats bought. It was “just a little more than I want to spend” when Steve had it for sale. I was worried about the market, I was worried about this or that. In my eyes that was the last real opportunity I’ll see to own in LHC.

I’m quite simply, priced out. In today’s world, just 2 (or 3) short years later, his house was a bargain. I was foolish not to buy it. Now, I get to rent it, which is awesome! You gotta be a baller in my eyes to be in Havasu these days.

 

[DLC]

not to bag on that house it’s really nice! But with all due respect, there are a lot if little issues that need to be addressed, we walked it last summer.



QUOTE="Melloyellovector, post: 4021962, member: 16013"]
the spa leakes, water travels through stone right onto the deck. I’m out! View attachment 974237
[/QUOTE]

 

[badgas]

We were just driving through the golf course area and wanted to see what homes are selling for.
We like to guess the price
We were way off on this one. Thought $900k range
Has more sq ft than we thought but the interior decorator should be fired lol

2421 Lema Dr, Lake Havasu City, AZ 86406 | MLS #1013392 | Zillow

For sale: $2,380,000. This one of a kind estate in Lake Havasu City is situated on 2 large lots on the London Bridge golf course. A beautiful mediterranean style villa has hosted dignitaries from across the globe. Celebrated guests include governors, U.S. Senators, several Lord Mayors of...

www.zillow.com

Yeah! Ugly inside. Amazing lot/Location but I doubt it sells for close to 2.3

I hope it does but I highly doubt it.

 

[Flying_Lavey]

If I was able to buy something for over 2 mil...... Itd be something like this....

20 acres, separate rentable buildings, shop, part of Heritage ranch so all the benefits of "mini Arizona" as its referred to by many. Plus better weather, and better food and drink in the area.

Drawback....... fucking California.

9669 Nacimiento Lake Dr, Paso Robles, CA 93446 | Zillow

9669 Nacimiento Lake Dr, Paso Robles CA, is a Single Family home that contains 3672 sq ft and was built in 2011.It contains 3 bedrooms and 4 bathrooms.This home last sold for $2,200,000 in July 2021. The Zestimate for this Single Family is $2,248,300, which has increased by $99,810 in the last...

www.zillow.com

 

[LargeOrangeFont]

It's not the prices it's the dynamics that drive the prices and the fallout that follows.

Been buying and mostly holding RE for 36ish years, now's a good time to sell/hold and come back and pick from the skeletons, there will be great buying times again in the not to distant future.

History always repeats itself in RE.

Yes but in 10 years anyone would happily pay 2021 prices for RE.

People have been claiming the bottom is going to fall out of RE again in “18 months” for 6 years now. So what, the bottom will fall out next year and we will go back to 2018 prices and climb back up? As someone that has held RE for that long, you also know there is something called opportunity cost.

 

[LargeOrangeFont]

I kick myself almost everyday for not jumping on the house that @OldSchoolBoats bought. It was “just a little more than I want to spend” when Steve had it for sale. I was worried about the market, I was worried about this or that. In my eyes that was the last real opportunity I’ll see to own in LHC.

I’m quite simply, priced out. In today’s world, just 2 (or 3) short years later, his house was a bargain. I was foolish not to buy it. Now, I get to rent it, which is awesome! You gotta be a baller in my eyes to be in Havasu these days.

Yes.. opportunity cost.

That said you can still find some houses in town for around $300k, they just won’t have an RV garage. It won’t be anything fancy, it will just be a solid place to eat, sleep and enjoy time with family. In the end, that is all that matters.

 

[petie6464]

Yes but in 10 years anyone would happily pay 2021 prices for RE.

People have been claiming the bottom is going to fall out of RE again in “18 months” for 6 years now. So what, the bottom will fall out next year and we will go back to 2018 prices and climb back up? As someone that has held RE for that long, you also know there is something called opportunity cost.

Most likely in 10 years. Will there be a drop in between? Possibly.

I've never predicted a drop or really a rise in RE pricing, I've simply waited and acted based on what was current. I did make a multi unit purchase a year ago December, a fantastic buy.

I'm not selling right now but seeing sales numbers and taking into account my age I will most likely sell off someting to just spend on things I like to do, you can't take it with you that's for sure.

 

[LargeOrangeFont]

Most likely in 10 years. Will there be a drop in between? Possibly.

I've never predicted a drop or really a rise in RE pricing, I've simply waited and acted based on what was current. I did make a multi unit purchase a year ago December, a fantastic buy.

I'm not selling right now but seeing sales numbers and taking into account my age I will most likely sell off someting to just spend on things I like to do, you can't take it with you that's for sure.

I am with you that there will be some kind of drop within the next decade. I don't know if it is worth waiting for however. Another 3 years of appreciation and it drops to today's prices, I don't know if you gained anything by waiting is my point. Everyone's situation is different, but waiting to buy the dip does not always work out. if you have nothing but time, then sure wait it out.

 

[hallett21]

I am with you that there will be some kind of drop within the next decade. I don't know if it is worth waiting for however. Another 3 years of appreciation and it drops to today's prices, I don't know if you gained anything by waiting is my point. Everyone's situation is different, but waiting to buy the dip does not always work out. if you have nothing but time, then sure wait it out.

What about the 6 mins of fame for “predicting” the correction?


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[Tank]

Interesting to see the charts on the market. I like the Zillow chart that you can plug in whatever area you want to see the differences in average home price. Of course "average" isn't really relevant since we all like above average shit (beach, lake, big RV garages, pool, land, etc) but it gives you an idea of the variances

United States Housing Market: 2024 Home Prices & Trends | Zillow

The average home value in United States is $362,481, up 3.3% over the past year. Learn more about the United States housing market and real estate trends.

www.zillow.com

 

[zhandfull]

The Counties collecting property taxes have to be loving the real estate market.

 

[Havasu blue label]

As a member said it’s the next new port good luck on the investment

 

[Havasu blue label]

It’s going to drop when we get back to normal work schedule as in showing up at the office .

 

[RiverDave]

If someone was buying wouldn’t they want the agent that has the lowest avg house price??

I’m gonna let ya think about that for a minute and take another stab at it.

 

[RiverDave]

2 mil ain't what it used to be! lol

lol right?

 

[RiverDave]

There are only 75’ish homes available for sale in Havasu right now.. it has never been that low.

 

[Mandelon]

We're working on this bungalow in Coronado. Two bedroom, two bath. On car garage. $1,635,000

 

[calkid]

We rode through the new neighborhood on the island last weekend. Beautiful homes.. didn’t realize they were that damn expensive. The new tract on the Crazy Horse side has some badass garages. (2 double RV + 2/3 car).

And right next to the turd farm. I guess the shit has to land somewhere!

 

[petie6464]

There are only 75’ish homes available for sale in Havasu right now.. it has never been that low.

Dam I believe you but hard to believe!

 

[Boozer]

I am with you that there will be some kind of drop within the next decade. I don't know if it is worth waiting for however. Another 3 years of appreciation and it drops to today's prices, I don't know if you gained anything by waiting is my point. Everyone's situation is different, but waiting to buy the dip does not always work out. if you have nothing but time, then sure wait it out.

I was in the crowd of people saying to wait for the dip if you can. I’m not so sure I feel the same way right now.

We were thinking about selling our house and renting until a correction comes along. It seemed like a great idea until we started looking at rentals. We’re in the process of a refi, I’ll have a $400K note and sub $2K mortgage payment. Renting something comparable will cost us close to $4K a month. It was a good idea in theory but it didn’t make sense when we looked over all the details.

At this rate we figure even when the market dips we can benefit by buying the dip and keeping our current home as a rental. $1500+ monthly cash flow on one property sounds like a pretty solid plan. The next big question that will come into play when the market corrects, what will interest rates look like? Money is pretty much free right now, 4.5% interest on a 20% price reduction vs 2.5% on current prices will net nearly the same monthly payment so the savings won’t be realized for most families unless they are paying cash.


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[Wmc]

We are building right now in the Foothills Estates phase 1 it will be finished April 2022. 3100sf 30x75 rv garage. I love the #'s houses are pulling. It makes me feel good.

 

[2Driver]

Well at least there are still plenty of bargains in Cave Creek, Carefree and N Scottsdale

 

[Outdrive1]

We're working on this bungalow in Coronado. Two bedroom, two bath. On car garage. $1,635,000 View attachment 974455

What a great area. [emoji106]


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[LargeOrangeFont]

I was in the crowd of people saying to wait for the dip if you can. I’m not so sure I feel the same way right now.

We were thinking about selling our house and renting until a correction comes along. It seemed like a great idea until we started looking at rentals. We’re in the process of a refi, I’ll have a $400K note and sub $2K mortgage payment. Renting something comparable will cost us close to $4K a month. It was a good idea in theory but it didn’t make sense when we looked over all the details.

At this rate we figure even when the market dips we can benefit by buying the dip and keeping our current home as a rental. $1500+ monthly cash flow on one property sounds like a pretty solid plan. The next big question that will come into play when the market corrects, what will interest rates look like? Money is pretty much free right now, 4.5% interest on a 20% price reduction vs 2.5% on current prices will net nearly the same monthly payment so the savings won’t be realized for most families unless they are paying cash.


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Same deal for me. I am fine with my house in OC. It is not my dream house but it works, and the monthly cost is too cheap to move anywhere else in So Cal. Our goal was to buy another house within 10 years, but we bought properties in Havasu instead.
If we moved out of state I’d consider selling, but the house would cash flow over $1500/month as a rental so at this point I think it makes more sense to just keep it.

 

[LargeOrangeFont]

We're working on this bungalow in Coronado. Two bedroom, two bath. On car garage. $1,635,000 View attachment 974455

Are you gonna paint the bush green again before you are done?

 

[LargeOrangeFont]

There are only 75’ish homes available for sale in Havasu right now.. it has never been that low.

Ziillow and realtor.com both say over 150 single family homes for sale in town? Still pretty low though.

 

[FlyByWire]

We are building right now in the Foothills Estates phase 1 it will be finished April 2022. 3100sf 30x75 rv garage. I love the #'s houses are pulling. It makes me feel good.[emoji16]

Nice! Us too, phase one as well. About the same footage, but 25x70 RV garage. Show off.

Still waiting on appraisal so we can close the loan so they’ll start nailing sticks together.

 

[TITTIES AND BEER]

We're working on this bungalow in Coronado. Two bedroom, two bath. On car garage. $1,635,000 View attachment 974455

Wow , ours is paid off just got a couple things to pay off , putting cash and other things away I’m doing good in the market ( for how long ? ) do not need any of these homes for anything , let’s see in 4 years what happens.

 

[riverroyal]

Drove around foothills villas last week. Nice area i think.

 

[FishSniper]

Same deal for me. I am fine with my house in OC. It is not my dream house but it works, and the monthly cost is too cheap to move anywhere else in So Cal. Our goal was to buy another house within 10 years, but we bought properties in Havasu instead.
If we moved out of state I’d consider selling, but the house would cash flow over $1500/month as a rental so at this point I think it makes more sense to just keep it.

I am in the same spot with CA place. I really don’t want to buy another place in this liberal hell hole so think will just stick it out in the house here and spend as much time at Havasu place as possible. When retirement gets closer will reevaluate to rent out Ca place or sell.

 

[zhandfull]

Havasu is definitely the Newport Beach of the River.

 

[Wmc]

Nice! Us too, phase one as well. About the same footage, but 25x70 RV garage. Show off.

Still waiting on appraisal so we can close the loan so they’ll start nailing sticks together.

Mine appraised at 1.2 on paper. What street are you on? We are on Circular De Hacienda.

 

[FlyByWire]

Mine appraised at 1.2 on paper[emoji1360]. What street are you on? We are on Circular De Hacienda.

Nice, that’s what we are hoping for! Do you have a pool in the build?

Same street, lot 2. (5011).

 

[Wmc]

Nice, that’s what we are hoping for! Do you have a pool in the build?

Same street, lot 2. (5011).

I'm doing a pool but it wasn't part of the appraisal. Trying to keep taxes down. Who's your builder? I'm using oxley. I'm here 1005

 

[FlyByWire]

Nice, you’re across the street from the Dial 911 Skater. Hehe.

We are using Oxley as well. Down around the corner:

 

[FishSniper]

I'm doing a pool but it wasn't part of the appraisal. Trying to keep taxes down. Who's your builder? I'm using oxley. I'm here 1005 View attachment 974952

How does that work on a new build you guys buy the lot outright and then get a construction loan for the build that converts to a regular loan once the build is done ? The appraisal they doing now is what they project price to be based on the plans submitted when completed ?

 

[Wmc]

How does that work on a new build you guys buy the lot outright and then get a construction loan for the build that converts to a regular loan once the build is done ? The appraisal they doing now is what they project price to be based on the plans submitted when completed ?

Yes exactly

 

[Wmc]

Nice, you’re across the street from the Dial 911 Skater. Hehe.

We are using Oxley as well. Down around the corner:

View attachment 974953

What model? I'm doing Jean with tweaks

 

[TITTIES AND BEER]

Nice, you’re across the street from the Dial 911 Skater. Hehe.

We are using Oxley as well. Down around the corner:

View attachment 974953

Are these lake view lots ?

 

[FlyByWire]

What model? I'm doing Jean with tweaks

Exact. Same. Thing.

Jean w/ the 4 bed option, but we expanded almost the whole thing, game room, and bigger garage. We are doing a pool with the build though.

 

[FlyByWire]

How does that work on a new build you guys buy the lot outright and then get a construction loan for the build that converts to a regular loan once the build is done ? The appraisal they doing now is what they project price to be based on the plans submitted when completed ?

Pretty much. Loan is interest only until completion when it converts to a conventional loan.

 

[Wmc]

Exact. Same. Thing.

Jean w/ the 4 bed option, but we expanded almost the whole thing, game room, and bigger garage. We are doing a pool with the build though.

Call me let's talk. 909-573-5631 William

 

[Wmc]

Exact. Same. Thing.

Jean w/ the 4 bed option, but we expanded almost the whole thing, game room, and bigger garage. We are doing a pool with the build though.

Us too. . Try and dot your i's and cross your t's from the get go with oxley