Millennials are buying in, Gen Xers are moving up, and baby boomers are downsizing — driving brisk home sales in Indiana, and creating problems specific to each generation.
And they are all dealing with one reality, rising prices.
That's good news for sellers, but not necessarily for first-time buyers like Amanda Horan. She lost two hotly contested bidding wars before beating out competitors and offering $8,000 more than the asking price on her Fort Wayne home.
"(Homes) are selling pretty quick,” said Cleia Tupper, an agent for Carpenter Realtors. “Some of them we sell within hours or days."
The fastest-selling market in the state is Whitley County, west of Fort Wayne, where the median time a home is on the market was just 41 days in June, according to data from real estate research firm Trulia. That's a brisk pace in a state for which about 62 days has been more typical.
Problem with housing is that no construction companies are making cheap, small houses that aren't just prefab glorified double wide trailers. They're making big homes with huge acerage which means that a vast majority is being priced out of reasonable range and are forced to either do apartment living or take massive 40 year mortgages just to live in the city they work in without worrying about roaches getting caught in your hair at night. Leading to an artificially created market bubble that will keep getting bigger until 2007 is made to look like 1947
Adrian Howard
Also consider the fact that real estate is a huge investment-assets market, since real estate isn't subject to the same monetary regulations most securities in the US are. The reason why the chinese love buying up real estate in the US is to front for enabling Chinese wealth to illegally integrate into the US securities market. It also allows the chinese an expedited process to gain american/Canadian residency status
James Perez
I'm looking forward to the Chinese takeover of America. The jews thought they'd be able to co-opt this coming takeover once whites were displaced but they failed in pushing the jew-gook hybridization that was supposed to come about after the Zucc married the Chan-chink bitch. Now jews are forced to compete with a group with better analytical reasoning skills and an even stronger group identity.
Joseph Moore
NO THE GOYIM CAN AFFORD TO MOVE OUT OF THEIR PARENTS HOUSE AND OUT OF MY LUXURY STUDENT APARTMENTS. HOW DARE THE GOYIM FIGURE OUT HOW TO SAVE?
Juan Ward
Oh. Also; white flight. My parents just did it and lent me the money to buy a house near them and the rest of my family to avoid the (((bank))).
Josiah Morgan
Wew congrats. The housing market is disgusting out here
Kevin Sanchez
Just buy the cheap land and live in a tent with a detached toliet so that way you will save a lot of money.
Jose Ross
fucking baby boomers crashed the market once already and learned nothing.
Connor Miller
its a jewish game. unless you find that based 20+ christian white virgin to have kids with and be in love why the fuck would you need to own a big ass house?
twat costs $200 for and hour or two of premium nut busting every six months with a good hooker. $200,000 for a house is a whole lot more than that. you are better off buying a big ass ferrari for yourself with that money.
i mean your options are trumping up with an eastern euro chick and having white kids later or banging around and having fun with ~anyone really.
i can live without being a father in life,at least to a woman who has previously denied fatherhood to other guys via the use of a pill or a vacuum pump at planned parenthood.
Christopher Gray
Yeah but you wont get reincarnated for another chance to step up to the plate.
No, stupid. The construction companies only make what the developers and land owners tell them to make. The biggest issue is that most people who are buying up land in high-value places are doing it to either A) build something quick and flip it for profit (in which case they just use the cheapest materials and cut as many corners as possible) or B) build big ugly apartment complexes they can rent for exorbitant amounts. Either way, you end up with either shitty houses (big or small) or shitty apartment complexes. There just aren't that many single-families buying land and building nice, long-lasting, good-quality homes because the developers are jumping in and pricing everyone out of the market.
Jose Stewart
it's almost like if (((capitalism))) and (((free market))) doesn't work
why won't we go european, socialist way? national socialism when?
