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Yet another overpriced house in Melrose, MA
Zillow ^

Posted on 06/22/2021 8:52:57 AM PDT by millenial4freedom

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1 posted on 06/22/2021 8:52:57 AM PDT by millenial4freedom
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To: millenial4freedom

You will own nothing and you will be happy!


2 posted on 06/22/2021 8:54:38 AM PDT by Dr. Ursus
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To: millenial4freedom

My friends live in Melrose. They’re home values have skyrocketed.


3 posted on 06/22/2021 8:55:46 AM PDT by cotton1706
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To: millenial4freedom

Just pick yourself up by your bootstraps. If you can’t compete against a $15 trillion private equity firm, then you’re just not economically viable.


4 posted on 06/22/2021 8:55:59 AM PDT by Shadow44
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To: millenial4freedom

Perhaps you can get a fixer-upper and with a lot of work, flip it. That what a buddy of mine did in the 80s in CA when he got into the rising market late. He worked very hard at it and at his job and now has a 1.6 million dollar paid for home thirty-five years later.


5 posted on 06/22/2021 8:57:57 AM PDT by KC Burke (If all the world is a stage, I would like to request my lighting be adjusted.)
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To: millenial4freedom

Don’t live in Massachusetts.

You can find very nice starter homes in Texas for less than 200k.


6 posted on 06/22/2021 9:01:09 AM PDT by TexasGurl24
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To: millenial4freedom
My wife grew up in Melrose and we had our first home there in the late 1980s. We've long since sold it (for about $225k at the time) and moved away.

That same house now lists on Zillow for $920,500. But at least we had 2,800 sq ft - almost twice the size of this one here.

Melrose used to be a very nice town where working people could raise a family in a neighborhood where everybody knew each other. We used to sit on our porch on hot nights and everybody else would be out there too, playing transistor radios while the kids and dogs played together.

Now it's full of yuppies and hard core leftists.

7 posted on 06/22/2021 9:02:18 AM PDT by SamAdams76 (Give me a Pigfoot and a Bottle of Beer)
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To: millenial4freedom

I have relatives in Minnesota that bought their homes at about $72,000 some 30 years ago. The price for one of them in the bad neighborhood of Brooklyn Center (last riot was there) is about $430,000. A small single story with a basement and detached garage.


8 posted on 06/22/2021 9:03:19 AM PDT by minnesota_bound (I need more money. )
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To: cotton1706

If Melrose is that pricey, what are they going for in Beacon Hill? Holy Moly.

All setting up for another crash, ala 2008.


9 posted on 06/22/2021 9:07:27 AM PDT by qaz123
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To: Shadow44

There are plenty of billionaire millenial marxists who think that is the case.

Funny how they don’t pay “the help” who made the code that sold the product.


10 posted on 06/22/2021 9:08:25 AM PDT by a fool in paradise (Lean on Joe Biden to follow Donald Trump's example and donate his annual salary to charity.)
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To: millenial4freedom

Between inflation, gentrification, extremely tight market (low supply, high demand), and fixed up very nicely - yeah prices are high.


11 posted on 06/22/2021 9:10:00 AM PDT by ctdonath2 (All worry about monsters that'll eat our face, but it's our job to ask WHY it wants to eat our face.)
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To: millenial4freedom
Houses going for $1 million over asking. Other houses going for DOUBLE asking!

The housing market is so hot buyers are paying $1 million over asking price

The way things are going, a million over asking will be like $10,000 over asking was just a few years ago.

12 posted on 06/22/2021 9:10:37 AM PDT by ProtectOurFreedom ("Pour les vaincre il faut de l'audace, encore de l'audace, toujours de l'audace")
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To: qaz123

Yup..crash coming...our house closes tomorrow.


13 posted on 06/22/2021 9:12:03 AM PDT by goodnesswins (The issue is never the issue. The issue is always the revolution." -- Saul Alinksy)
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To: millenial4freedom

IMHO the big money is investing in realestate. It is a sellers market in certain parts of the country. Where I live here in Southern California it is crazy. The houses are sold in a week way over the asking price.

Just bought an investment house in the Tampa Bay area of Florida and we were getting out bid left and right on the many houses that we bid on. We finally landed this one and escrow will close on July 8. We bought our current house in 1977 for $75K and on Zillow the price is $920K.


14 posted on 06/22/2021 9:14:38 AM PDT by Parley Baer (go trump )
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To: a fool in paradise
They're not even Marxists in any meaningful sense besides the Che Guevara t-shirts they might have, but they also might have burnt them since Che was a homophobe. They absolutely love Neoliberal consumerism to the point they will shiv the working class for more Funko Pops and Netflix original programming.

They literally have no ethos other than maintaining their own comfort and having a morsel of power to wield over other people. They are beyond contempt.

15 posted on 06/22/2021 9:16:32 AM PDT by Shadow44
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To: goodnesswins

Yep I wonder where it will all end. I bought a house many years ago and have substantial equity, so I’m glad I’m not needing to find a place to live at this time.

I’m happy I own my house, and recently refinanced the mortgage at a fixed rate under 2 1/2 percent. It’s crazy out there in the housing market.


16 posted on 06/22/2021 9:17:16 AM PDT by Dilbert San Diego
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To: Shadow44

All of the “working class” millennials will tell you how anti-capitalist they are while they are promoting their self-funding “side-hustles”.


17 posted on 06/22/2021 9:17:41 AM PDT by a fool in paradise (Lean on Joe Biden to follow Donald Trump's example and donate his annual salary to charity.)
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To: millenial4freedom

I felt the same way in 72 when starter homes were selling for $10k.


18 posted on 06/22/2021 9:18:17 AM PDT by SaxxonWoods ( comment might be sarcasm, or not. It depends. Often I'm not sure either.)
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To: Parley Baer

yes, exactly right! Whenever I hear that someone paid cash for a $500k house, I know that this was not a normal middle-class family. A middle-class family does not have $500k in cash sitting around. Anyone who does have $500k in cash likely earns an income that enables them to afford a much more expensive home. These HAVE to be big $$ investors looking for inflation hedges.

I just hope that when this house of cards falls, we won’t bail out the elites again...


19 posted on 06/22/2021 9:18:46 AM PDT by millenial4freedom
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To: Shadow44
I've never seen a Marxist leader at any economic level who wants to live in the commune on a bunk bed and dig ditch.

They ALWAYS incision themselves among the leadership.

20 posted on 06/22/2021 9:19:01 AM PDT by a fool in paradise (Lean on Joe Biden to follow Donald Trump's example and donate his annual salary to charity.)
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