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$2 Million in Arlington???
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PostPosted: Tue May 08, 2018 8:03 pm GMT    Post subject: Reply with quote

2 interesting recent Arlington sales:

https://www.redfin.com/MA/Arlington/81-Hillside-Ave-02476/home/8457127
listed $899K, sold $1.225M. <-- that's 1/3 of a million over ask.

https://www.redfin.com/MA/Arlington/35-Forest-St-02476/home/8420395
listed $599.9K, sold $655.5K.
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PostPosted: Wed May 09, 2018 1:17 am GMT    Post subject: Reply with quote

Anonymous wrote:
2 interesting recent Arlington sales:

https://www.redfin.com/MA/Arlington/81-Hillside-Ave-02476/home/8457127
listed $899K, sold $1.225M. <-- that's 1/3 of a million over ask.

https://www.redfin.com/MA/Arlington/35-Forest-St-02476/home/8420395
listed $599.9K, sold $655.5K.


The first one only has 1.5 baths. What's up with that? There are lots of more affordable towns than Arlington.
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PostPosted: Wed May 09, 2018 1:39 pm GMT    Post subject: Reply with quote

Does this sound like a good thing? Anyone else see how crazy these prices are?
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PostPosted: Wed May 09, 2018 2:01 pm GMT    Post subject: Reply with quote

Anonymous wrote:
Does this sound like a good thing? Anyone else see how crazy these prices are?


Every asset class is crazy these days: houses, stocks, gold, bitcoin, oil, etc. They will all fall when the next recession comes. Get ready for the day of reckoning.
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PostPosted: Wed May 09, 2018 2:15 pm GMT    Post subject: Reply with quote

Quote:
very asset class is crazy these days: houses, stocks, gold, bitcoin, oil, etc. They will all fall when the next recession comes. Get ready for the day of reckoning.


Believe me, I'd love to see that as much as anyone. It just seems like nothing will stop the acceleration in asset prices. This should never have happened and wouldn't have without the intervention. However, how is it possible assets continue to inflate in spite of the reversal of easy money and rates. Any opinions on when that day of reckoning shall come?
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PostPosted: Wed May 09, 2018 5:02 pm GMT    Post subject: Reply with quote

Anonymous wrote:
Quote:
very asset class is crazy these days: houses, stocks, gold, bitcoin, oil, etc. They will all fall when the next recession comes. Get ready for the day of reckoning.


Believe me, I'd love to see that as much as anyone. It just seems like nothing will stop the acceleration in asset prices. This should never have happened and wouldn't have without the intervention. However, how is it possible assets continue to inflate in spite of the reversal of easy money and rates. Any opinions on when that day of reckoning shall come?


Wednesday, September 6, 2023
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PostPosted: Wed May 09, 2018 6:53 pm GMT    Post subject: Reply with quote

Anonymous wrote:
Quote:
very asset class is crazy these days: houses, stocks, gold, bitcoin, oil, etc. They will all fall when the next recession comes. Get ready for the day of reckoning.


Believe me, I'd love to see that as much as anyone. It just seems like nothing will stop the acceleration in asset prices. This should never have happened and wouldn't have without the intervention. However, how is it possible assets continue to inflate in spite of the reversal of easy money and rates. Any opinions on when that day of reckoning shall come?


That’s because easy money and rates aren’t inflating this leg of the bubble. It’s the retail investors who got jobs and are buying all these assets. The bubble will pop when people lose their jobs.
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PostPosted: Wed May 09, 2018 7:06 pm GMT    Post subject: Reply with quote

Quote:
That’s because easy money and rates aren’t inflating this leg of the bubble. It’s the retail investors who got jobs and are buying all these assets. The bubble will pop when people lose their jobs.


I'm not sure I completely agree with this, but whatever it is, I hope it pops soon.
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PostPosted: Fri May 11, 2018 12:30 am GMT    Post subject: Reply with quote

Anonymous wrote:
Quote:
That’s because easy money and rates aren’t inflating this leg of the bubble. It’s the retail investors who got jobs and are buying all these assets. The bubble will pop when people lose their jobs.


I'm not sure I completely agree with this, but whatever it is, I hope it pops soon.


Worry what you wish for, if it pops because of jobs then be sure to be holding a rock steady job in a high demand field
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PostPosted: Sat May 12, 2018 7:16 pm GMT    Post subject: Reply with quote

This flipper is bold, including the sqft of the finished attic and basement to make the house seem larger. 1.8 mil is a lot for a small house.

https://www.redfin.com/MA/Arlington/50-Fairview-Ave-02474/home/8425159

https://www.redfin.com/MA/Arlington/50-Fairview-Ave-02474/home/8425159/mlspin-72135227
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PostPosted: Sun May 13, 2018 2:27 pm GMT    Post subject: Reply with quote

Anonymous wrote:
This flipper is bold, including the sqft of the finished attic and basement to make the house seem larger. 1.8 mil is a lot for a small house.

https://www.redfin.com/MA/Arlington/50-Fairview-Ave-02474/home/8425159

https://www.redfin.com/MA/Arlington/50-Fairview-Ave-02474/home/8425159/mlspin-72135227


Photos of the attic and basement both look decent. I don't see why they should be excluded from the SF. I have a finished basement and a finished attic, both with baths and high ceilings, that space gets used a lot.

Would I buy this house for $1.8M? No way, the location doesn't work for me. I want to be walkable to conveniences. But other buyers will want waterfront and a short commute to Boston. This fits the bill. The house will sell at $1.5M or above, in my estimation. The flipper walks away with a six-figure profit for his troubles.
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PostPosted: Sun May 13, 2018 9:55 pm GMT    Post subject: Reply with quote

Anonymous wrote:
This flipper is bold, including the sqft of the finished attic and basement to make the house seem larger. 1.8 mil is a lot for a small house.

https://www.redfin.com/MA/Arlington/50-Fairview-Ave-02474/home/8425159

https://www.redfin.com/MA/Arlington/50-Fairview-Ave-02474/home/8425159/mlspin-72135227



I must say, the renovation is 'millennial pleasing', devoid of any character or charm. A "home depot special", however this is what today's buyers want.. one big room. Will be interesting to see the final price
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PostPosted: Thu May 24, 2018 2:35 pm GMT    Post subject: Reply with quote

Interesting Arlington sales over this past week:

https://www.redfin.com/MA/Arlington/89-Morningside-Dr-02474/home/8441683
Listed $1.38M sold $1.36M. 3 bed 3 bath 2,621 SF.

https://www.redfin.com/MA/Arlington/131-Scituate-St-02476/home/8450343
Listed $990K sold $1,031,800. 4 bed 2.5 bath 2,370 SF.

https://www.redfin.com/MA/Arlington/175-Highland-Ave-02476/home/8450562
Listed $699K sold $850K. 3 bed 1.5 bath 1,436 SF.

https://www.redfin.com/MA/Arlington/118-Hemlock-St-02474/home/8432970
Listed $719K sold $721K. 3 bed 2.5 bath 2,131 SF.

https://www.redfin.com/MA/Arlington/24-Bonad-Rd-02476/home/8449595
Listed $600K sold $609K. 3 bed 2 bath 1,166 SF.
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PostPosted: Thu May 24, 2018 3:12 pm GMT    Post subject: Reply with quote

What's interesting about it?
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PostPosted: Mon Jul 02, 2018 12:43 pm GMT    Post subject: Reply with quote

https://www.redfin.com/MA/Arlington/22-Spy-Pond-Pkwy-02474/home/8406953

$1,300,000, 3 Beds, 1.5 Baths, 2,448 SF.
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