New York Times
Stream of Foreign Wealth Flows to Elite New York Real Estate
New York Times
The high-end real estate market has become less and less transparent â and more alluring for those abroad with assets they wish to keep anonymous â even as the United States pushes other nations to help stanch the flow of American money leaving the ...
So before I begin, let me just say I was born in Austin in 84. Sure, my parents came from California a couple years before, but I've been here my whole life.
I got married a couple years ago and me and my wife have been saving for our first house. We have the money, but this real estate market has made it almost impossible for us to buy a house.
Let me give you some examples of what happens when we like a house that we see online:
20% of the time, the house is already pending (even though it had just been posted the previous day)
30% of the time, I go out with our realtor, by myself, and then the house is already pending before my wife can come see it (the next morning, so within 18 hours). I'm starting to realize I should just put a bid on the house just assuming my wife will also want it.
20% of the time, we put in an offer above asking price, and we get out-bid. For instance we just put an offer of 195k on a 193k asking price, and got out-bid.
The rest of the time, we just end up not liking the house.
So, in conclusion, does anyone have a 3-4 bedroom house in South Austin for under $200k that they're gonna sell this summer?
ITS A GREAT FUCKING MARKET, IF YOU'RE SELLING! (and shitty shitty shitty if you're buying)
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