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Replies: 30
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Top TigerNet [30994]
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Real Estate Market
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Nov 13, 2025, 7:05 AM
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What do you guys think about it over the next couple of years? I have a place that I thinking of selling due to someone, a friend, making me a fair offer, but on the other hand I am thinking about keeping it and putting tenants in the place. If I thought the market was going to kind of suck over the next 5 years, I would almost rather move on. Anyway, what are your thoughts on the current real estate market?
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TigerNet Legend [139888]
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If youre selling its not bad generally depending on area
4
Nov 13, 2025, 7:39 AM
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Buying suxxors
Generally
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TigerNet Grandmaster [198446]
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Upstate SC is still full steam ahead from what I see around here
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Nov 13, 2025, 7:42 AM
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a recession is the only thing that would affect our market
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Tiger Spirit [10059]
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Re: Real Estate Market
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Nov 13, 2025, 7:47 AM
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Whats the 3 most important variables in Real Estate...location, location and location.
Now having said that if you keep id consider
1. Property manager company
2. Maintenance
3. Tenants rights.
^ 2 & 3 typically get handled by a PM company but come with a cost.
So if no mortgage, taxes and insurance reasonable, plus low maintenance then good to rent.
Also what's your life goals? If you want to own somewhere else then this could be a great way to afford a life change.
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TigerNet Champion [110300]
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Whoa, it WAS location
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Nov 13, 2025, 7:50 AM
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Then Covid hit and a huge number of jobs moved to WFH. Location doesn't matter quite so much no more.
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Tiger Spirit [10059]
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Re: Whoa, it WAS location
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Nov 13, 2025, 7:52 AM
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So its now Location, location & ?
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Heisman Winner [87295]
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Hookers and Blow***
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Nov 13, 2025, 8:57 AM
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TigerNet Grandmaster [198446]
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It does, just in a different way
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Nov 13, 2025, 8:51 AM
[ in reply to Whoa, it WAS location ] |
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son of went WFH got out of Chucktown and moved to mountains.
Great location for his lifestyle.
Better have great internet access also.
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Top TigerNet [30994]
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Re: Real Estate Market
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Nov 13, 2025, 8:21 AM
[ in reply to Re: Real Estate Market ] |
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Its a good location. Wilmington, NC. My goals are to wing it and bounce around for a bit. I dont have any major goals, but I also dont want to throw a way a good investment. On the other hand the HOA could hit me with a somewhat large assessment. They hit me with a 18k one last year that sucked. I am on the fence and told my friend I would decide by next week.
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Tiger Spirit [10059]
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Re: Real Estate Market
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Nov 13, 2025, 9:11 AM
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That's a hawt market. Brunswick County is by far the fastest growing county in NC and possibly the entire SE.
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TigerNet Champion [110300]
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Re: Real Estate Market
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Nov 13, 2025, 7:48 AM
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Tiger Spirit [10059]
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Re: Real Estate Market
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Nov 13, 2025, 7:51 AM
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I think we are due for a correction. Not sure how much but in some markets like Boise Idaho have already seen 30+ % drops.
Thats an extreme example but as I said. Location, location, location.
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Oculus Spirit [43456]
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Idaho is awesome. I'd love to live there or Wyoming.***
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Nov 13, 2025, 9:41 AM
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Tiger Spirit [10059]
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Re: Idaho is awesome. I'd love to live there or Wyoming.***
Nov 13, 2025, 10:01 AM
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Same.
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Orange Immortal [62364]
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Tiggity post incoming in 3.....2.....1.....***
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Nov 13, 2025, 7:51 AM
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Tiger Spirit [10059]
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Re: Tiggity post incoming in 3.....2.....1.....***
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Nov 13, 2025, 7:51 AM
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Haha hes been typing for 30 min and is close to posting 😀
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Top TigerNet [30994]
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Re: Tiggity post incoming in 3.....2.....1.....***
2
Nov 13, 2025, 8:21 AM
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That would be tough advice to read.
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Orange Immortal [66099]
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not in the active market but neighbors just sold theirs
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Nov 13, 2025, 8:21 AM
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this is Lake Keowee/Oconee County.
They got 3 offers before house was even listed. (this is what they said, not sure how that works).
But they sold within the first week.
New neighbors said they sold their house in a couple weeks also - they came from pretty nearby, Hartwell/Pickens County.
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All-Time Great [91986]
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Thank Gawd I am not in the market to buy a house these days. Prices are udderly
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Nov 13, 2025, 8:25 AM
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ridiculous, and what you might GET for the price is even worse. There is a whole new subdivision being thrown up literally within a Par 4 hole of my house right now. Prices START in the low $200,000 range. These houses are some siriusly ugly boxes, with roofs with virtually no overhang, cheap looking vinyl siding, etc. One car garages that you would probably have to wedge an old Honda Civic into. But, either they are selling, or somebody is risking a whole potfull of money building that many at once just on HOPE of sales.
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Campus Hero [13219]
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They are called starter homes...
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Nov 13, 2025, 9:34 AM
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No one buying starter houses like that for 10+ years is part of why housing is as expensive as it is.
My first house was $180k and I bought it in 2005. Vinyl siding, 1,600 SF, tiny lot with no trees, vinyl flooring, laminate counters, etc.
No one will accept any of that today, but then complains that houses are expensive. All those materials cost more money.
Builders are not stupid. They know what will sell so they build accordingly. That has helped push the entire market upwards.
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TigerNet Elite [69677]
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Sell and invest the money.***
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Nov 13, 2025, 8:29 AM
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TigerNet Eternal Icon [184701]
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This ^
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Nov 13, 2025, 8:37 AM
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House can lose value (so can money but hopefully not as much)
Put some in high interest fixed cds, some in conservative growth funds, and put as much as you don’t mind losing in some high risk, high reward fund.
Your friend gets a house, you get funds to use when you decide where you want to settle- win win
Or sell it and invest it all in Jimmy’s beanie baby collection
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Orange Immortal [66099]
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being a landlord is a P in the A unless you get lucky and have great tenants
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Nov 13, 2025, 8:40 AM
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I did it for awhile and it was def hit and miss.
Good tenant is a dream.
Bad tenant is a nightmare.
My gut tells me there are more BAD out there nowadays than GOOD.
Odds are against you.
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Oculus Spirit [43456]
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I don't like being a landlord
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Nov 13, 2025, 9:36 AM
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I only have myself and one other tenant left. He has leased from me for over 10 years and I have leased from me for 20 years. It is still a pain, but he has never been late on rent. I sold a restaurant a couple of years ago. It ended up being a good thing, but it was a lot of work for 20 years and I never took a dime out of it until it sold.
My daughter bought her first house about 6 years ago and bought a new house last year (new to her). She didn't sell her first house and hired a property management company to run it for her. She does fix things herself when they call if something isn't working or needs fixing. She could have sold the house and got a nicer 2nd house, but it is nice enough and meets her needs. Both 15 year mortgages and she plans on doing it again in 5-10 years. Saving for the new down payment right away. She took some of my advice and then some.
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Tiger Spirit [10059]
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Re: I don't like being a landlord
Nov 13, 2025, 10:10 AM
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Excellent advice/parenting!
My daughter is doing something similar but in Long Beach CA.
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Clemson Sports Icon [54383]
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As mortgage rates drop real estate demand should increase.
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Nov 13, 2025, 8:41 AM
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If the Fed cuts the rate in December rates should follow. Probably will never get back to the 2.75% rate I have though.
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Top TigerNet [30994]
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Re: As mortgage rates drop real estate demand should increase.
1
Nov 13, 2025, 8:57 AM
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My rate isn't amazing like that, but by today's standards at 3.75% is still solid. That is another factor as why to consider keeping. If it wasn't for HOA and the assessment risks, I would definitely keep it. That's why I am on the fence.
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Heisman Winner [84593]
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Oculus Spirit [43456]
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I got a 2% 10 year loan. I said something on the lounge and someone replied
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Nov 13, 2025, 9:40 AM
[ in reply to As mortgage rates drop real estate demand should increase. ] |
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that they went to bankrate.com and got a low rate. I went to bankrate.com, found the lowest rate and called them thinking that there would be some catch. There wasn't any catch.
I paid cash for an addition last year that was more than I owed on the house. I could be mortgage free but the addition was worth it and 5 years will go by quickly and I could pay off the house if I wanted to.
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Heisman Winner [84593]
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Wait, you put an addition on your house without telling us about
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Nov 13, 2025, 10:03 AM
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every single thing that went wrong? Also, how did you find somebody to do an addition?
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Tiger Spirit [10059]
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Replies: 30
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