Re:The Rise and Fall of the Manufactured Home – Part I
by TrapLord_Rhodo on Saturday July 16, 2022 @08:58PM
(#32123401)
This is plain false. I would love a zillow link to show one single example of a house in 2008 being worth more than it is today. Housing in most of the US is up 20-40 % in the last two years alone and the crash in 2008 was around 20-40%.
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Re:The Rise and Fall of the Manufactured Home – Part I
by ypzhang2 on Saturday July 16, 2022 @09:10PM
(#32123459)
This is trivially easy: this home was sold in 2007 for 2.9m and was just recently solid for 1.8m 7 months ago. Top of market took a huge beating in 2007-2008.
https://www.zillow.com/homedetails/162-N-Wynstone-Dr-North-B...
Re:The Rise and Fall of the Manufactured Home – Part I
by TrapLord_Rhodo on Sunday July 17, 2022 @08:13PM
(#32132977)
Your trivally easy remark seems handpicked. look at some of the other homes in that area. None of them have performed like that.
Take a look at this one: https://www.zillow.com/homedetails/610-Signal-Hill-Rd-North-...
Re:The Rise and Fall of the Manufactured Home – Part I
by silpheed5 on Sunday July 17, 2022 @03:00PM
(#32129946)
Depends on the area. The bay area home prices started to exceed the 2007 bubble prices around 2015 and are well above the old peak still.
https://www.bayareamarketreports.com/trend/3-recessions-2-bu...
Re:The Rise and Fall of the Manufactured Home – Part I
by inferiorhuman on Sunday July 17, 2022 @12:33AM
(#32124481)
I'd start by looking at places that had huge real estate bubbles like Las Vegas or are far enough away from anything interesting (like all the shitty Bay Area suburbs).
For a lot of not great reasons I've a condo in one of those shitty Bay Area suburbs. Four units in this complex were listed for sale this year. Two sold for a bit under 500k, and two are still asking well over 500. So yeah I'd say the upper bound currently is $500k. Pre-COVID prices were in the low 400s.
I've checked out the property tax bills for my neighbors, and, yes, some have an assessed value of well over $500k. They've been underwater for about a decade.
Re:The Rise and Fall of the Manufactured Home – Part I
by lobocinza on Saturday July 16, 2022 @10:22PM
(#32123870)
If something is down by 20-40% it should be up by 25-67% to return to it's initial value.
Re:The Rise and Fall of the Manufactured Home – Part I
by TrapLord_Rhodo on Sunday July 17, 2022 @08:10PM
(#32132949)
there was more than 2 years in between 2008 and this year.