House situation

Discussion in 'Real Estate' started by mtowncyclone13, Jan 9, 2017.

  1. srjclone

    srjclone Well-Known Member

    Nov 17, 2014
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    Hey, @mtowncyclone13 random comment for this thread, but I know your avatar haha. I met Caitlin while I was living with my buddies down in Scottsdale, she is a bartended/bottle service girl at Maya Day/Night club and she lived not too far away from us. Unreal body, and is a gorgeous girl, but it's like talking to a freaking wall haha. Anyway, crazy that you have her as your avatar hahaha
     
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  2. brett108

    brett108 Well-Known Member

    May 1, 2010
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  3. IAMAIRBHG

    IAMAIRBHG Well-Known Member

    Aug 21, 2012
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    screw russia
     
  4. cyclonesurveyor

    cyclonesurveyor Active Member

    Jan 26, 2009
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    That' what you're supposed to do after a sauna, even in Iowa!
     
  5. DandyCyclone

    DandyCyclone Well-Known Member

    Oct 11, 2012
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    Wait. Is this a real thing?
     
  6. KnappShack

    KnappShack Well-Known Member

    May 26, 2008
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    I love how CF takes an honest real estate question and somehow brings freezing children into the convo.

    Never change, CF. Never change
     
  7. PeteyClone

    PeteyClone New Member

    Apr 11, 2006
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    Have you considered in-floor resistant heat? They make mats that can go under laminate/carpet as well as tile/stone for 7 or 8 dollars a square foot. I've laid a couple of these under basement bathroom tile floors and they work great. You could heat a 12x12 bedroom with thermostat for 12 or 13 hundred bucks.
     
  8. mtowncyclone13

    mtowncyclone13 Well-Known Member

    Oct 10, 2012
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    i saw similar-styled houses in bondurant for at least 30k less. wonder why they are more expensive in marshalltown.
     
  9. NATEizKING

    NATEizKING Well-Known Member

    Feb 18, 2011
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    Real estate in Marshalltown is surprisingly good with Fisher struggles. I think a lot of this is the fact that many employees commute anyway from Ames or Des Moines, so the housing market isn't affected too much by it. Especially when you consider the people who are let go are retirement age and probably own/won't sell their home, or newer employees, who are probably younger and way more likely to commute.

    Your current $175k is on about the top range though of what I think would sell quickly. It's rare for houses in the $100-150k range to be on the market for more than 30 days, seems most sell in about 2 weeks. Good luck selling that $281k house though if you ever need to.
     
  10. mtowncyclone13

    mtowncyclone13 Well-Known Member

    Oct 10, 2012
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    you've said this many times. i know the constant underlying theme is to say fisher is struggling but everyone i know there is getting raises, no one has been fired, etc. is it not affecting younger people?

    i told my wife we're not continuing the conversation for a reason you've mentioned - not many buyers in that range in mtown - plus we can get similar-sized houses for less money in the 10 year old range. TBH i like the mansions on west main st the best but those are either dumpy or overpriced for us.
     
  11. Stewo

    Stewo Well-Known Member

    Oct 29, 2008
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    There is an awesome house for sale right next to my house here that's been on the market for a very long time due to its price. That's a big reason why I've backed off the idea of getting a loan to dump tens of thousands into our house. We'd be sitting on it for ever. There's a sweet spot that we need to stay within in order to have a quick sale. That's all I really care about at this point.
     
  12. NATEizKING

    NATEizKING Well-Known Member

    Feb 18, 2011
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    Fisher has had 2 rounds of layoffs so far. They still give annual cost of living raises. I think it's more forcing early retirement, temp people, and people that have been there less than a couple years. So if you don't know people in those categories, it's business as usual
     
  13. mtowncyclone13

    mtowncyclone13 Well-Known Member

    Oct 10, 2012
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    yes. everyone i know is 25-45 and an engineer. seems like every other person is a "manager".
     
  14. NATEizKING

    NATEizKING Well-Known Member

    Feb 18, 2011
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    Thought it was 3 but I guess it was 2 layoffs so far. I think they have reached a point though where the number of employees is sustainable in the current market, unless oil and gas tank some more.
     
  15. cowgirl836

    cowgirl836 Well-Known Member

    Sep 3, 2009
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    had things gotten better for them after '08? My husband was working there as an intern when the recession hit and they did that whole thing then too - chucking interns, temps, new hires, early retirement.

    Sucked because he was two months into a nine month internship and had taken a semester off school for it.
     
  16. 1100011CS

    1100011CS Well-Known Member

    Oct 5, 2007
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    I'm curious about this too. How does it work?
     
  17. NATEizKING

    NATEizKING Well-Known Member

    Feb 18, 2011
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    Things were great when oil was over $100 a barrel. Current downturn isn't as bad as '08. Fisher isn't only oil and gas but $50 a barrel helps keep production sustainable in the US, been bouncing around that price since June '16.
     
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  18. AgronAlum

    AgronAlum Well-Known Member

    Jul 12, 2014
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    I'm sure it's the lower end operators that are getting let go which is leaving the market in the 150+ range status quo.

    We looked all over the north end and while there are some beautiful houses up there, especially north of Jerome at 5th/6th St, we couldn't get over the surrounding houses. There are quite a few 100-150k houses in my neighborhood that have been sitting unsold for quite some time. I just can't figure out where the market sits in Marshalltown and ultimately we are leaving town and commuting because of it. I just did not feel comfortable spending over 200k on a home knowing we won't be in it for 10+ years or whatever it may be.
     
  19. Gossamer

    Gossamer Active Member

    Apr 10, 2014
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    it's not as great as it may sound...but can work if you really can't find a buyer. If I remember correctly, the builder will appraise your home and then will purchase it for a certain percentage of that value. In the few instances where I reviewed the transaction, the seller/buyer took quite a hit of nearly 25% of the homes value. Not a great deal but ok if you MUST sell it.

    Remember, if you can't sell it, what makes you think a builder can?

    Also, a builder may do it to move their inventory, especially if their short-term financing on a construction loan has come due and they need to pay the bank to procure additional funds for future projects. A certain builder in DSM used to use this "house trade" or "I'll buy your house" thing because he built ****** floor plans that wouldn't sell.

    Now, with real estate moving pretty quickly, I haven't run into this in quite a while.
     
  20. mtowncyclone13

    mtowncyclone13 Well-Known Member

    Oct 10, 2012
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    What would have needed to happen/exist for you to live in town and not commute?
     

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