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Time to start the next chapter…Update 9/25. Under Contract!!!

wm69 said:
Got a buddy who has his house on the market in a "hot" real estate market here in Arkansas. He's been dismayed at the pattern we've been seeing, said he might just rent his house out now.

He had a dozen offers on his house. All either had the financing fall through or backed out wanting major work done on the house. Now he's wishing he'd gone ahead and done the work to make the deal go through on one of them who actually had the financing.

I think it's gonna get worse...… I think it's gonna get a lot worse.
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Yeah, I think this is the beginning of the big slide/market correction. Luckily we are sitting right in this house and our payment is a little over $1000/month. We own the home with our daughter and her family, so the total monthly payment is about $2000. I’ve seen rent that high for a nice apartment here. My hopes are that once prices normalize, our property will still be worth quite a bit because of what it is. Then maybe we can try again. I told Carol my biggest fear was selling and having to take on a much larger payment for a lot less house.

We have a 6 month sales contract with our realtor, so who knows what might happen. I do know I’m not going to drop the price too much just to get out.
 
Randyzzz said:
Yeah, I think this is the beginning of the big slide/market correction. Luckily we are sitting right in this house and our payment is a little over $1000/month. We own the home with our daughter and her family, so the total monthly payment is about $2000. I’ve seen rent that high for a nice apartment here. My hopes are that once prices normalize, our property will still be worth quite a bit because of what it is. Then maybe we can try again. I told Carol my biggest fear was selling and having to take on a much larger payment for a lot less house.

We have a 6 month sales contract with our realtor, so who knows what might happen. I do know I’m not going to drop the price too much just to get out.
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Honestly the best strategy (in my opinion) if you want to move is to sell, and wait for the crash, and then buy something after the crash. Nobody knows how long before we get to the bottom though, right?

The problem is, we're talking homes here, not some hobby or toy, so you have no place to live, and are at the mercy of the rental market if you take that approach.

My buddy is currently renting the house a couple of houses down from me while his home in NE Arkansas in on the market. He's been looking for a place to buy around here, but of course, that's all contingent on his house up there selling.

But paying for two places at once can hurt you quick. That's why he's considering renting his place up North.

I've worked around rentals. No way, no how would I rent a place I planned to sell.

That said, the mainstream media isn't talking about it (let's face it, they're painting this whole collapse as "normal" or "short term") but foreclosures are on the rise.

We kicked the can in 2008. Then we dumped money from helicopters for the virus, and now we're getting the runaway inflation that even a blind man could have seen coming. Raising interest rates brings down the house of cards. So does inflation. There is no way out (that I see) anymore.

Chickens are coming home to roost.
 
wm69 said:
Honestly the best strategy (in my opinion) if you want to move is to sell, and wait for the crash, and then buy something after the crash. Nobody knows how long before we get to the bottom though, right?

The problem is, we're talking homes here, not some hobby or toy, so you have no place to live, and are at the mercy of the rental market if you take that approach.

My buddy is currently renting the house a couple of houses down from me while his home in NE Arkansas in on the market. He's been looking for a place to buy around here, but of course, that's all contingent on his house up there selling.

But paying for two places at once can hurt you quick. That's why he's considering renting his place up North.

I've worked around rentals. No way, no how would I rent a place I planned to sell.

That said, the mainstream media isn't talking about it (let's face it, they're painting this whole collapse as "normal" or "short term") but foreclosures are on the rise.

We kicked the can in 2008. Then we dumped money from helicopters for the virus, and now we're getting the runaway inflation that even a blind man could have seen coming. Raising interest rates brings down the house of cards. So does inflation. There is no way out (that I see) anymore.

Chickens are coming home to roost.
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Yes, yes, and yes. The plan was to sell and wait for the bubble to burst and buy when things were low. But all that doesn’t work if properties at my selling price are not selling. Not only do I not want to drop my price too much, but with the higher interest rates I really can’t afford to. So, I’ll ride this out. Things will come back again in the future. Honestly, we really weren’t “ready” to sell, but we didn’t want to miss the inflated market. Looks like we were a month off. It’s all good. I can get my Scrambler finished, get my Jeepster going, and then think about selling in a year or two.

At the beginning of this whole process I joked with my wife- I told her I’d be upset if the only thing that came out of this was me getting rid of a lot of treasures(crap) that I would probably never use but didn't want to toss. Well…it looks like I got played!😆
 
Well, the beginning of a new chapter didn’t include moving. We took the house off the market today. Since listing we have only had 3 showings, even after dropping the price. Properties in our price range are not moving in this area, and the records show that not one home in the Redmond area has sold for over $1m this year. Several that were listed at prices like ours have sold once the price was dropped below $990k but we can’t afford to do that and come out OK on the other end. Especially since the interest rates have skyrocketed. We are currently at about 2.74%. We don’t t want to sell and end up worse off and paying more- so we pulled the listing.

It would have been nice to start a new adventure, but I have to believe that this is showing us that the timing isn’t right. Some day…

So, over that last couple of months we accomplished a lot of clean up and a clearer vision of what we want this property to be now that we are staying. We are going to finish off our side yard and upgrade some fencing, add additional hay storage and shelter for the horses, and I’m going to build a storage building so I can get a lot of my treasures out of the shop, giving more working room. Plus improve my in-shop office area.

We will revisit selling down the road…
 
Randyzzz said:
Update- the market has picked up a bit and we are reloading at a slightly lower price. Say a prayer for us!
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Reloading .338 Lapua? If so, I could use some. I have burned all my supply up.

(Just giving you a hard time over autocorrect)
 
ag4ever said:
Reloading .338 Lapua? If so, I could use some. I have burned all my supply up.

(Just giving you a hard time over autocorrect)
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Ok, I fixed it. 🤣

But sorry, no .338. Mostly .45LC so far.
 
Randyzzz said:
Ive been looking for a Henry Case Hardened side gate going on a year. But I do have this…View attachment 104778
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If you’re interested in single action Rugers, but find the original grip too small for your big ol’ sammich grabbers, I can highly recommend RW Grip Frames. (I tried to post a link but something didn’t like it.)
Ronnie makes a ton of styles with a bunch designed for large handed shooters. I’m fitting one to a Single Six right now, and have a few others lined up. 01B0F5AA-2D2A-4F2B-ACDE-2D80B5588C56.jpeg
 
Randyzzz said:
Ok, I fixed it. 🤣

But sorry, no .338. Mostly .45LC so far.
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My only .45LC gun is a Taurus Judge. But I mostly shoot .410 buck shot in it. (My snake charmer / hog defense when bow hunting.)

But, skeet shoots are fun when you restrict it to only judges with 410 bird shot. Gotta really be on your game to score!
 
Hey BigWalton! I had her put some shop pics in there for you! There’s only 1 of my side due to stuff I didn’t want to show publicly…but one is better than none!
 
Update!!! As of today we are under contract, and have 40 days to be out. This is going to be crazy!

We don’t have a clear plan of where we are going. Gotta decide pretty soon. Going to be making lots of dump runs…
 
When I was out that way last week I was amazed how built up that area has become in the last 10 - 15 years. My buddy who was in Powell Butte is done with the area also, selling high months ago and said he is headed for Idaho or Montana probably.
 
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