Quote:
Originally Posted by NYNick
I think the younger buyers are complaining about prices where "they want to live" as opposed to where "they can afford to live".
"You can't always get what you want", says Mick.
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I’ll always remember a person I know *****ing (in the mid 2000s) about how they couldn’t afford a house in Aspen’s west end!
They probably should have bought in Old Snowmass, it was really cheap beck then. Out of my reach both then and now.
But real estate is local. Matt’s friend may be killing it in NYC, but Colorado is becoming a buyer’s market. Inventory increasing, properties sitting longer. That being said, many places in desirable locations are still damn expensive. Fixer-uppers are few and far between. Almost impossible to find now, and that hurts young motivated buyers who know how to use a hammer when they are trying to get into the game.
PCar content - I think with the general economic uncertainty, people are holding tighter to their wallets, maybe not selling the toys they have . One year ago I was in the market and it seems as though there were more interesting air-cooled cars for sale on Pelican and elsewhere. Maybe people aren’t selling because of the uncertainty? If you don’t have to sell anything at the moment, sit tight and see what happens?