- Joined
- May 2, 2002
- Professional Status
- Certified General Appraiser
- State
- Arkansas
sounds like Bolshevek to me
Right now smaller homes that are affordable, say $200K or less are selling well. Subdivisions are full of $300K houses that have been on the market for months.
We have a new "upscale" apartment house built 10 miles out of town. One wag assured me that all the units were already leased, which I knew was BS. I went thru there on my way home about 6 pm. Ha Ha. ½ the units are not even complete and one window was blowed out and black like it had been on fire. There are 300 units and about 50% are completed. There might have been 40 cars in the parking lot, no more.
Another builder developed 60+ acres with ¼ ac. lots out of town (we call 'em Greenfield subdivisions or "rurban") Found out it was on the market "as is" and the dirt work is about 80% done and no paving yet. $1.5 million. He gave $700,000 for it, I would guess he has that much in it...sounds like they just want out.
Right now smaller homes that are affordable, say $200K or less are selling well. Subdivisions are full of $300K houses that have been on the market for months.
We have a new "upscale" apartment house built 10 miles out of town. One wag assured me that all the units were already leased, which I knew was BS. I went thru there on my way home about 6 pm. Ha Ha. ½ the units are not even complete and one window was blowed out and black like it had been on fire. There are 300 units and about 50% are completed. There might have been 40 cars in the parking lot, no more.
Another builder developed 60+ acres with ¼ ac. lots out of town (we call 'em Greenfield subdivisions or "rurban") Found out it was on the market "as is" and the dirt work is about 80% done and no paving yet. $1.5 million. He gave $700,000 for it, I would guess he has that much in it...sounds like they just want out.