Real estate

[O4L]

I know of someone looking for an acreage within a half hour of north metro area and I was shocked at the asking prices and at what they are willing to pay. These folks aren't making big money either.

Near Choctaw, about a mile from the new turnpike, six acres, 50 year old house that needs work, a couple of small run down out buildings, going for $225K.

That might be the going rate but wow!

 

[John6185]

I don't know if it is true or not but I have heard that people are leaving California and New York (being driven out due to politics) and moving to Oklahoma because the housing is far more reasonable here than other places. I personally want to move but homes elsewhere are through the roof and really not worth the money. They're older, and taxes are higher as well and then I've got to think about the potential of crime, gun ownership, self-protection etc. And then factor in people who riot, loot and burn-that's on top of the crime problem and there is little recourse should one be accosted by some useless human. And people like me pay taxes to pay the salaries of both liberal and conservative politicians.

 

[HMCS(FMF)Ret.]

I’m going to try and sell. My kids want me and the wife to go live with them (in communist Illinois). So I have my kids coming down in 2 days. They said they would take care of everything......cleaning, dealing with the realtor, etc. I love my kids........ SIL, daughter, grandson. The idea of going to a anti-gun state is killing me though.

 

[Timmy59]

I’m going to try and sell. My kids want me and the wife to go live with them (in communist Illinois). So I have my kids coming down in 2 days. They said they would take care of everything......cleaning, dealing with the realtor, etc. I love my kids........ SIL, daughter, grandson. The idea of going to a anti-gun state is killing me though.

That's about a sad story, if it were me I'd think long and hard about that.. We have kids, grand kids and you know what ? They have their own life.. Weigh heavy on what your giving up and think "if" you'll gain..

 

[rlongnt]

Wait a year and see where the market is after the bank owned tidal wave of defaults hits the market. Many of those defaults will keep folks completely out of the housing market for a minimum of three years.

How about the millions of people with now devastated scores lucky just to find a rental.

It may be a seller’s market today but it won’t be forever.

 

[Timmy59]

I know of someone looking for an acreage within a half hour of north metro area and I was shocked at the asking prices and at what they are willing to pay. These folks aren't making big money either.

Near Choctaw, about a mile from the new turnpike, six acres, 50 year old house that needs work, a couple of small run down out buildings, going for $225K.

That might be the going rate but wow!

Currently, that is the case..

 

[TwoForFlinching]

Location?

Not a metro area. Way down SWOK. Those prices seem crazy. We bought two whole sections a few years ago, joined, no roads dividing for something like $150/acre. Came with all rights too. I thought it was bad in 2010 when a buddy picked up 10acres in McCloud for $100k.

 

[Judi]

I’m going to try and sell. My kids want me and the wife to go live with them (in communist Illinois). So I have my kids coming down in 2 days. They said they would take care of everything......cleaning, dealing with the realtor, etc. I love my kids........ SIL, daughter, grandson. The idea of going to a anti-gun state is killing me though.

You'll be sorry.....

Very anti-gun...You need a FOID...before you can even look at a gun, then the nonsense waiting before you can pick up your gun...Taxes....enjoy...You'll be SORRY.....

 

[GC7]

So here's a few anecdotal points to quell any panic we might be sharing about real estate prices here:

1. It's easy to ignore housing prices if you already own a home, and often your concept of a "fair price" will be whatever was common when you bought a home. Real estate prices do rise over time for the simple fact that they aren't making any more land. If you bought a 3bd/2ba home when it cost $100K then of course $200K for that same home now will seem wild, but that price increase is going to reflect that the area around you now has more schools, shopping, better roads, fiber internet services, etc.

2. There still is plenty of unoccupied land if you are willing to live on well water/propane/satellite/rural electricity. I just got back from a cross country drive and there's so much unused land out there. If you can afford to not live near where there's jobs (because you're retired or work virtually) then you can get land for cheaper than near cities.

3. People moving to OK probably are not super snobby leftists from the coasts. Those people tend to move to places like Montana or Wyoming. There's also not a bunch of basement dwelling Antifa types moving here either because those people don't have jobs or money to move. It's very likely going to be families moving here who need affordable living, although who knows if they'll bring their politics and voting habits with them. As much as we dislike the idea of out-of-staters moving here and turning the state blue, there's a LOT of native Oklahomans who will become hardened democrats on their own.

 

[HMCS(FMF)Ret.]

You'll be sorry.....

Very anti-gun...You need a FOID...before you can even look at a gun, then the nonsense waiting before you can pick up your gun...Taxes....enjoy...You'll be SORRY.....

I’m already sorry. I don’t really want to go.