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Old 05-30-14, 07:55 PM   #1
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I am frustrated looking for a house!

I am frustrated looking for a house! There is just nothing out there in my price range in the areas where I want to live. Come August it will be a year I will be looking.

I really don't like the place I own right now. I am tired of living in a townhouse. Simply not enough privacy. I would love to be able to work from home and sit out on a nice quiet deck or patio.

Think is I do LOVE the area where I live right now. It is perfect for nightly bicycle rides. I have lots of great roads. I can take a short loop, a medium loops, longer loops. All with different options. Nice and quiet with little traffic on all of my routes. I just got back from a ride tonight. It was just perfect (except for getting across the one busy road near my house ). A couple of nice quiet roads then on up to the park with a ride through the park taking the back road out of the park to the main road. Never saw anyone once leaving the park till I got to the main road again. It was awesome!

Oh top of all of that I am so close to shopping and restaurants. I often ride to the grocery store to shop or ride out for take out at a restaurant.

The hard part is if I am going to have to leave the area to find a house. I am sure I will find other places to ride but it is going to be hard to match my current riding area.
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Old 05-30-14, 08:02 PM   #2
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I feel your pain. We have our current place for sale, time to downsize since the kids have flown the coop, so far no takers. We thought we had found the perfect place and put in an offer. The sellers id not want to wait until we got our place sold and turned down the offer. For all the talk of this being a good time to sell a house, no luck here. I hope you are able to find something close by to where you live now. I know that the proximity to nice riding roads plays a part in choosing a place to live. Here's a pic of the one we tried to buy, location was perfect. Oh well. What is in the picture is basically the whole house. There is a small bedroom on the second floor. Perfect for two people.
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Old 05-30-14, 08:23 PM   #3
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Looks beautiful. Sorry you did not get it.

The one big advantage I have is that I own my house outright. I also have plenty of resources with savings and even if it means dipping into my investments a bit or taking a home equity loan on my current place, I will have the money for a down payment.

So I have the luxery of buying now and selling later. Taxes are pretty cheap on my current place. There is a commons fee but the good news about that is I won't need to worry about maintaining the exterior of two places while trying to sell my current place. Combined the costs are still cheaper than many people pay in taxes alone so I could afford to let it ride a bit.

Plus my townhouse is probably at the lower end. A good starter home for lots of young busy couples.

The good new is about not finding a place right away is that I have curtailed my investing when I decieded to buy so won't need to tap into my investments or equity loan as much.
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Old 05-30-14, 08:39 PM   #4
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Speaking as someone who has lived in a trailer park from the age of 13, then into apartments in my 20's, to my third single family dwelling in my 40's, experience has shown that privacy/peace and quiet requires a combination of money and luck. I've been short on both (locations have been decent, but it's the neighbors that suck- either loud music or very loud POS vehicles that have been 'tuned').
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Old 05-30-14, 09:09 PM   #5
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Would you consider getting a foreclosure or other "fixer" property? Sometimes the worst home in the good neighborhood can be had for a great price.
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Old 05-30-14, 09:44 PM   #6
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[h=1]A man builds a fine house; and now he has a master, and a task for life: he is to furnish, watch, show it, and keep it in repair, the rest of his days.

-Ralph Waldo Emerson
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If I thought I could get away with it I would burn my house to the ground. It has stolen my freedom, my money, and thousands of hours of my life. I hope this helps you somehow.
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Old 05-31-14, 01:33 AM   #7
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Depending on what price range you're shopping in: Might be a good idea to go to the neighborhood supermarket before putting earnest money down on the house you might want just to see what your neighbors look like.

Also some older neighborhoods in some price ranges have many older homeowners and when they die those neighborhoods can sometimes become transitional towards the declining direction.
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Old 05-31-14, 08:58 AM   #8
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Depending on what price range you're shopping in: Might be a good idea to go to the neighborhood supermarket before putting earnest money down on the house you might want just to see what your neighbors look like.

Also some older neighborhoods in some price ranges have many older homeowners and when they die those neighborhoods can sometimes become transitional towards the declining direction.
All true. This is exactly why I want to stay in the area. I know it. As far as neighbors, a bit difficult to judge until you have lived there for a while but I do look for tell tale signs like junk strewn in the yard etc.

No way will older folks moving out cause property values to decline in most of the neighborhoods where I live. The area is just too popular. Now the quality of neighbors might decline. I have always found that older folks typically make the better neighbors.

Now my current neighborhood I am a bit worried. These are mostly what you would call starter homes so a lot of young folks and a lot of poor behavior going on. Mostly not illegal just people being obnoxious and not being good neighbors.

Actually I have been waiting for those estate sales. Seriously, seems like there should be a lot more. I guess older folks here are pretty healthy.
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Old 05-31-14, 10:20 AM   #9
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[h=1]A man builds a fine house; and now he has a master, and a task for life: he is to furnish, watch, show it, and keep it in repair, the rest of his days.

-Ralph Waldo Emerson
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If I thought I could get away with it I would burn my house to the ground. It has stolen my freedom, my money, and thousands of hours of my life. I hope this helps you somehow.
I can really relate to that quote, but there is a trade-off. I chose a condo to leave time for fun in the sun. It feels like the right choice for me, but maybe not for everyone.
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Old 05-31-14, 10:42 AM   #10
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I kind of disagree with the quote. I have been a home owner since 1976, and really have enjoyed every day of it. I wouldn't trade it for an apartment with close neighbors and noise, ever. Things like yard and home maintenance just go with the territory, and I'm willing to make the tradeoff. I'm not saying I keep my yard and home in immaculate condition, but they are livable. That's what makes the world go round, JoeyBike, to each their own. ( and hey, how about some more videos, I, for one, enjoy them!)
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Old 05-31-14, 10:57 AM   #11
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I can really relate to that quote, but there is a trade-off. I chose a condo to leave time for fun in the sun. It feels like the right choice for me, but maybe not for everyone.
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I kind of disagree with the quote. I have been a home owner since 1976, and really have enjoyed every day of it. I wouldn't trade it for an apartment with close neighbors and noise, ever. Things like yard and home maintenance just go with the territory, and I'm willing to make the tradeoff. I'm not saying I keep my yard and home in immaculate condition, but they are livable. That's what makes the world go round, JoeyBike, to each their own. ( and hey, how about some more videos, I, for one, enjoy them!)
You are both right. I simply love not having to cut the grass on the weekends. And the sound of someone shoveling my walk in the winter time before I head out for work has to be the most beautiful sound in the world! But the privacy sucks big time. When my next door neighbor is not standing in front of his townhouse drinking, he is out back drinking so I really can't enjoy being outside. It sure would be nice to be able to go out back and have privacy and enjoy.
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Old 05-31-14, 11:03 AM   #12
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otg,

Do you mind disclosing how much you pay in taxes on your current home? Or let me go at it this way. Is it more than $4K a year? From what I am seeing, the places that are being snapped up here are under $4K a year in taxes. The asking price does not seem to matter much. If taxes are under $4K they seem to go immediately.

There is one place not too far from where I live that looks wonderful. Lots of privacy and a ranch home (which is a bit rare around here), only $139K which is cheap for what you get but taxes are over $5K a year. It has been sitting on the market for months.

Could be why you have been having trouble finding buyers?
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Old 05-31-14, 11:29 AM   #13
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otg,

Do you mind disclosing how much you pay in taxes on your current home? Or let me go at it this way. Is it more than $4K a year? From what I am seeing, the places that are being snapped up here are under $4K a year in taxes. The asking price does not seem to matter much. If taxes are under $4K they seem to go immediately.

There is one place not too far from where I live that looks wonderful. Lots of privacy and a ranch home (which is a bit rare around here), only $139K which is cheap for what you get but taxes are over $5K a year. It has been sitting on the market for months.

Could be why you have been having trouble finding buyers?
$5K/yr in property taxes here is for a $500K house.
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Old 05-31-14, 11:42 AM   #14
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otg,

Do you mind disclosing how much you pay in taxes on your current home? Or let me go at it this way. Is it more than $4K a year? From what I am seeing, the places that are being snapped up here are under $4K a year in taxes. The asking price does not seem to matter much. If taxes are under $4K they seem to go immediately.

There is one place not too far from where I live that looks wonderful. Lots of privacy and a ranch home (which is a bit rare around here), only $139K which is cheap for what you get but taxes are over $5K a year. It has been sitting on the market for months.

Could be why you have been having trouble finding buyers?
My current taxes are under 4K a year, by about $500.00.
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Old 05-31-14, 12:13 PM   #15
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$5K/yr in property taxes here is for a $500K house.
Wow that is really cheap. Nearly double that here.
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Old 05-31-14, 12:16 PM   #16
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My current taxes are under 4K a year, by about $500.00.
Not sure I get the "by about $500.0o" part but if you are paying 4K$ a year in taxes then that does seem close to the edge here where people are leaving houses sit. Under $4K and they seem to go right away.
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Old 05-31-14, 12:25 PM   #17
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Not sure I get the "by about $500.0o" part but if you are paying 4K$ a year in taxes then that does seem close to the edge here where people are leaving houses sit. Under $4K and they seem to go right away.
Taxes are about $3500 a year. Actually seems a bit high to me, but then, they were $2500 a year when we moved in!
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Old 05-31-14, 12:32 PM   #18
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Taxes are about $3500 a year. Actually seems a bit high to me, but then, they were $2500 a year when we moved in!
That is not too bad for here. About average for a decent house in a good neighborhood. It would not be taxes keeping you from selling your place here.

Real Estate taxes have to be the most unfair tax that there is. People with no kids have to pay just as much school tax as people with kids. But most unfair to the elderly living on fixed income. Also unfair to those trying to get out of bad neighborhoods. Someone might have a windfall and can afford to buy a nice home in a good neighborhood but could not afford the taxes. And you have to wonder if property taxes aren't a detriment to real estate sales.
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Old 05-31-14, 01:31 PM   #19
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Wow that is really cheap. Nearly double that here.
Property taxes are cheap but the state adds taxes to everything else.

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Old 05-31-14, 02:56 PM   #20
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Property taxes are cheap but the state adds taxes to everything else.

California Proposition 13 (1978) - Wikipedia, the free encyclopedia
An income tax is slightly more fair IMHO. At least it spreads out the pain, not that renters aren't really paying property tax through their rent. No property tax would be ideal. That way you don't get punished for improving your property.
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Old 05-31-14, 10:49 PM   #21
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Since you keep losing out on purchasing a new place, what about lease w/option? Seems to be a popular choice for young families around here.
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Old 05-31-14, 11:42 PM   #22
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A man builds a fine house; and now he has a master, and a task for life: he is to furnish, watch, show it, and keep it in repair, the rest of his days.
My wife wanted to move, we looked for 8 months before we found a house that we liked that satisfied most of what she was looking for. This is a pretty nice house, and seemed to be in good condition without really needing anything done to it. Even at that it has enslaved me for the past 8 months, and it isn't finished with me yet.

Even with a rental property you still have to deal with problems, landlords, etc.

The best approach is to get a house that you like, get it repaired and in a condition that you are happy with, and stay there.
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Old 06-01-14, 06:49 AM   #23
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Since you keep losing out on purchasing a new place, what about lease w/option? Seems to be a popular choice for young families around here.
I really don't want to give other people money. Bad enough I have to pay taxes.
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Old 06-01-14, 08:26 AM   #24
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The housing market seems to be recovering. Prices are going up quickly and inventory sells fast. We spent about a year looking in the Florida Panhandle area and finally got tired of looking for the "perfect" house and settled for something that was close enough. We closed on it last Friday. Beautiful house, but not exactly everything we wanted. Oh well. It has all the important things we need. While looking we realized that the "perfect houses" were either way too expensive or way too far away from where we wanted to be. The houses priced right and in the right location were just junk. We split the difference and got a beautiful house that was a little bit more expensive than we wanted, but its close enough to where we want to be and has the majority of amenities we were looking for. In five years, when the kids are all gone to college, we will re-evaluate the situation. We call it our "Five Year Plan".
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Old 06-01-14, 08:31 AM   #25
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I am frustrated looking for a house! There is just nothing out there in my price range in the areas where I want to live. Come August it will be a year I will be looking.

I really don't like the place I own right now. I am tired of living in a townhouse. Simply not enough privacy. I would love to be able to work from home and sit out on a nice quiet deck or patio.

Think is I do LOVE the area where I live right now. It is perfect for nightly bicycle rides. I have lots of great roads. I can take a short loop, a medium loops, longer loops. All with different options. Nice and quiet with little traffic on all of my routes. I just got back from a ride tonight. It was just perfect (except for getting across the one busy road near my house ). A couple of nice quiet roads then on up to the park with a ride through the park taking the back road out of the park to the main road. Never saw anyone once leaving the park till I got to the main road again. It was awesome!

Oh top of all of that I am so close to shopping and restaurants. I often ride to the grocery store to shop or ride out for take out at a restaurant.

The hard part is if I am going to have to leave the area to find a house. I am sure I will find other places to ride but it is going to be hard to match my current riding area.
How about I catch you a delicious bass, will that make it all better?
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