The Portland Realtor Dealing With ‘City Money’ and Only 6 Houses on the Market

Photo-Illustration: Curbed, Photos: Getty In the past year, the real-estate market has, well, gone berserk. Houses are going for millions over asking in Boise and Albuquerque. Buyers are offering to name their firstborn baby after sellers. In this biweekly series, Realtor Diaries, we hear from the people at the center of it all — the 2 a.m. emails from clients, the 16-hour workdays, six days a week, and the all-cash offers coming in from people who’ve never once seen the property they’re buying.

That house has what everyone wants: It is DONE. Like, not a drop of work needed. Open, but not too open. Modern but not too modern. Private, walkable to a small beach. That’s the kind of situation that people will throw down stupid numbers for. 9 a.m. I call a client about an off-market property I’ve scoped out. This client lives in Europe and found me on Instagram — she’s set on moving to a big, Victorian-mansion-type house in Portland, even though she has only visited Maine once. I tell her that I recently met a man at a party and his house is exactly what she wants. He’s very private and doesn’t need to move, nor does he need the money — hence the off-market-ness of it all. I tell her his “make me move price” is $2.5 million.

The money that has been here up till now is old money, generational money; think the Bush family. This guy is typical of a lot of the newcomers. Big-city money — usually New York or San Francisco. Finance or tech. 11:30 p.m One of my girlfriends calls to pick my brain about buying a house in South Portland. Your most ordinary houses are now at least a million dollars, which sucks for locals like my friend. I tell her she’s doing great but that she can’t buy the kind of home she wants in this climate. Will that change? I honestly don’t think so. I tell her to try anyway, if she can swing it.If you have money plus kids, Cape Elizabeth is another good option.

getsummari summarize this please

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

San Antonio may cut city property tax rate next year because of the soaring housing marketThe city has a good outlook for its general fund now due to economic recovery from the...
مصدر: ExpressNews - 🏆 519. / 51 اقرأ أكثر »

Global investors snap up Chinese stocks despite market declinesInternational investors are putting more money into Chinese stocks, even as local investors have remained cautious on the mainland markets. Killing our markets. Gotta stop. Communists Bolsonaro is lying to the world. Do not put your Money in Brasil. Do not buy Agricultural products from Brazil. It has pesticide in very high and dangerous levels.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »

Energy expert: Companies, markets should dictate electric car switch, not government plansThe White House approved $5 billion in infrastructure spending to expand the electric network, but some remain skeptical the money will go where it's most needed. Tesla is going all the way up ! Sometimes dog can fly lolz SenRickScott Nobody seems to mind that Powell is a lawyer and NOT an economist! He isn't qualified to look after the financial/economic well being of a country. He's qualified to prosecute a shirty government though... SenRickScott If would be rare in history to see food inflation 20%, rents 40% during the first presidential year. If he would be Trump, he would have been impeached 10 more times by Dem.
مصدر: FoxBusiness - 🏆 458. / 53 اقرأ أكثر »

Forks of the Road: 2nd largest domestic slave market in the Deep SouthAt the Forks of the Road, African-Americans were sold from the 1830′s to 1863. More than 160 years later, it is now a landmark to remember those who survived, suffered, and died during this time.
مصدر: WTVYNews4 - 🏆 590. / 51 اقرأ أكثر »

'It would take a recession' to cool Indiana's record-high home-buying marketIn spite of interest rates ticking up from record-low early pandemic levels, the housing market remains hot, with no signs of change.
مصدر: indystar - 🏆 434. / 53 اقرأ أكثر »