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Thread: example of what declining population does to real estate values

  1. #1
    Iridium
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    example of what declining population does to real estate values

    check out these prices

    can find other cities w/similar. i've found several - looking for cities with declining populations

    https://www.trulia.com/PA/Johnstown/

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    Iridium
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    Re: example of what declining population does to real estate values

    The fewer people within 50 miles of me the better
    Quote Originally Posted by cheka. View Post
    check out these prices

    can find other cities w/similar. i've found several - looking for cities with declining populations

    https://www.trulia.com/PA/Johnstown/
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    Potmetal Cebu_4_2's Avatar
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    Re: example of what declining population does to real estate values

    What about known good areas? I am not familiar with that in PA.
    Jackie did it and you know it!

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    Re: example of what declining population does to real estate values

    Dayum - the speculator in me wonders if it would be a good idea to buy up a whole block of those homes, sit on them for 10-20 years, and sell for a million or more?
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    Militant Wing of the Salvation Army midnight rambler's Avatar
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    Re: example of what declining population does to real estate values

    sell for a million or more?
    Could be hundreds of millions or even tens of billions once the US$ collapses.
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    Great Value Carrots
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    Re: example of what declining population does to real estate values

    The value of the U.S. dollar is not uniform across the U.S. Merchants do sensitivity studies. If an item sells too fast they raise prices. If it doesn't sell at all they lower prices. What sets prices is the availability of jobs in an area, the price professionals and craftsmen charge for their labor and a number of other factors.

    If you were making $50k annually in New Orleans and got a 50% pay increase to move to NYC or LA you just got a 50% hit on your purchasing power.

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    Great Value Carrots Down1's Avatar
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    Re: example of what declining population does to real estate values

    Many of those houses are too close together.

    Tear them down and give the people some space.

    America with 150 million mostly Whites would be an excellent country.

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    Great Value Carrots
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    Re: example of what declining population does to real estate values

    Quote Originally Posted by ziero0 View Post
    The value of the U.S. dollar is not uniform across the U.S. Merchants do sensitivity studies. If an item sells too fast they raise prices. If it doesn't sell at all they lower prices. What sets prices is the availability of jobs in an area, the price professionals and craftsmen charge for their labor and a number of other factors.

    If you were making $50k annually in New Orleans and got a 50% pay increase to move to NYC or LA you just got a 50% hit on your purchasing power.
    Good post Z. I have also found that if it isn't selling, raising the price will sometimes do the trick. Gotta find that sweet spot.
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    Re: example of what declining population does to real estate values

    Quote Originally Posted by woodman View Post
    Good post Z. I have also found that if it isn't selling, raising the price will sometimes do the trick. Gotta find that sweet spot.
    The story is told of a homeowner willing to give away a sofa in good condition. He set it on the curb with a FREE sign on it. It sat there for 3-4 days so he changed the sign to $50. It was stolen that night.

    Even thieves don't want something with no value.

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    Re: example of what declining population does to real estate values

    Quote Originally Posted by ziero0 View Post
    The story is told of a homeowner willing to give away a sofa in good condition. He set it on the curb with a FREE sign on it. It sat there for 3-4 days so he changed the sign to $50. It was stolen that night.

    Even thieves don't want something with no value.
    Did the exact thing with an old pickup topper. Sat on it for months then put a sign up $50 with a number that wasn't mine. Gone by morning..
    Jackie did it and you know it!

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