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Neighbor using our water and hose for his property : RealEstate
Main Post: Neighbor using our water and hose for his property : RealEstate
My neighbors are selling their house. Today I get this note in my mailbox. : RealEstate
Main Post: My neighbors are selling their house. Today I get this note in my mailbox. : RealEstate
Home sales just posted their slowest May in 16 years : RealEstate
Main Post: Home sales just posted their slowest May in 16 years : RealEstate
current real estate market is a complete disaster
Main Post:
The current real estate market is a complete disaster. Home prices are absolutely ridiculous, and it’s infuriating to see how far removed they are from any sense of reality. Interest rates may have dropped, but that hasn’t stopped sellers from slapping outrageous price tags on homes that are, quite frankly, garbage.
You look at these listings, and it’s clear that many of these homes aren’t worth half of what they’re asking. It’s like a bad joke—crumbling foundations, outdated appliances, and shoddy repairs, all overpriced. Agents describe these rundown places as “renovated” or “move-in ready,” while the homes are literally falling apart.
There should be a comment section on apps like Redfin where users could voice their opinions. Imagine if potential buyers could share their thoughts on these ridiculous listings; it might finally expose the truth about what’s really being sold in this inflated market.
Edit: To the ones suggesting that those of us concerned about the current real estate market should simply "move somewhere else." That attitude ignores the real struggles people face in finding housing and building a stable life. People shouldn’t have to move just to find a place to live; that mentality is actually part of the problem. It's not about a lack of understanding of economics; it's about acknowledging the systemic issues at play. Many are working hard just to keep a roof over their heads, and dismissing their concerns as ignorance is both arrogant and shortsighted. Making $100,000 (Chicago suburbs) a year should afford one more than just a tiny, run-down space. This isn’t just a personal issue; it affects communities, families, and the economy as a whole. We need to face these challenges head-on, not brush them aside with simplistic advice
Top Comment: Prices may be crazy but they’re still selling pretty fast and way over asking where I am.