Feeling homeless

[pinkytoe]

We followed the advice of cashing out our house and relocating to a lower cost of living city for our semi-retirement plan. At least we're trying to. Problem is the real estate market has exploded in all the areas we had planned on. Investors are scooping up lower priced homes sight unseen for rental homes since there are so many now who will always be renters. We have put in several contracts with no luck and this is with a cash offer. It is so frustrating to just want a home and not be able to make it happen. We have less than a month now in our temporary place and can't even find a rental place due to high demand. May just have to buy an RV and hit the road...

[JaneV2.0]

Maybe "the one" is out there, just waiting.

I have an idea how you must feel though, there are very few properties for sale either here or in Portland, and they're all over-priced and still go quickly. Except for the very ordinary house down the street from me--with no particular view--priced to give away at $550,000. :0! No one has snapped that up yet.

[nswef]

Pinky toe, You are very brave. The RV might be an option that takes you to the exact spot you need....How very frustrating and frightening to me...Good luck.

[Float On]

Real estate is selling quickly around here again as well. During the down-turn new builds came to a standstill so suddenly there isn't enough housing. We recently had an elderly neighbor couple with a 5 acre wooded lot move to assisted living. 5 days and there is a contract pending sign already....I'm sure it's a contractor who will stick 8-10 houses there. They'll bulldoze down the redbud trees he planted along the road which gave the road it's name.

[ToomuchStuff]

Real estate is stupid here as well. One neighbor is remodeling and thinking with how stupid it is, he might be able to get just shy of 4x what he would have at best, just a couple years ago. We don't think the houses are near what they have gone for lately. (and very mixed at that, opposite ends of the scale)

[Teacher Terry]

I would broaden the areas that your willing to live that have most of the criteria you want including affordable housing.

[frugal-one]

We followed the advice of cashing out our house and relocating to a lower cost of living city for our semi-retirement plan. At least we're trying to. Problem is the real estate market has exploded in all the areas we had planned on. Investors are scooping up lower priced homes sight unseen for rental homes since there are so many now who will always be renters. We have put in several contracts with no luck and this is with a cash offer. It is so frustrating to just want a home and not be able to make it happen. We have less than a month now in our temporary place and can't even find a rental place due to high demand. May just have to buy an RV and hit the road...

A few years ago we got a flyer in our door from a private party saying they were looking to buy a house in our neighborhood and if we were interested in selling to contact them. The neighbors did and sold the house to them. Might not hurt to canvas neighborhoods you would like to live and broach the owners?????