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@alr5373 8 күн бұрын
I agree that this election will/is influencing the housing market. However I feel in a different way than you are hinting at.
@MikePetrasMPRE 8 күн бұрын
Hey! Been a while! Hope all is well. In what way?
@alr5373 5 күн бұрын
@@MikePetrasMPRE Thanks! I wish the same for you. Well, here in southern California things continue to keep getting more divided. Many of my lib-friends are now talking with more hatred towards the right. All while we remain silenced or else. Now that 90% of the freethinking-conservatives have moved away to places like Idaho, it's near impossible to find similar friends here. So we've decided to hunker down and stay focused on our path to freedom. It's only going to get worse as the election comes up and who knows what's going to happen after that. I have thought over many scenarios in my head if either one gets in the WH. I honestly think that our economy won't be a priority for either. I think the reason why most people are moving there is because they are political refugees.
@toddgittins5692 9 күн бұрын
If I win a LARGE Lottery sum, I would love to move to Idaho. Then I could learn all the scams, from generational wealth.
@brittab2057 12 күн бұрын
It's an excellent city for people moving from SoCal. Nice warm weather (best snowfall is only 4.5 inches), luxurious amenities like tanning salons, and ethnic cuisine. The Minut Market on 7th Ave N. has the best JoJo's money can buy. Let's not forget the close proximity to Boise. This is truly a Californian's paradise right here.
@nickvin7447 Ай бұрын
Must be an election year.
@MikePetrasMPRE Ай бұрын
Hahahaha!!
@Headlands_CalvaryChapel Ай бұрын
Mike is genuinely an awesome realtor. Great knowledge and hard worker.
@MikePetrasMPRE Ай бұрын
Thank you so much!! I really appreciate the compliment! If I can ever be of service, please feel free to reach out 😁. God Bless!!
@saucequeen4885 Ай бұрын
Mike Petras has helped me so much with understanding economics and real estate trends!! Thanks Mikee!!
@MikePetrasMPRE Ай бұрын
Hey Sauce! Hope all is well! Thank you so much for the great feedback! It's appreciated. If I can ever be of assistance in your Real Estate needs, please feel free to reach out! Thanks again :).
@saucequeen4885 Ай бұрын
@@MikePetrasMPRE I definitely will 😁
@TheSpiritualGangstuh Ай бұрын
You're part of our problem dude. Quit aiding transplantation for your own modicum of monetary gain. What we lose is worse. Really, it's immoral.
@MikePetrasMPRE Ай бұрын
Very American of you. Land of the Free... according to 👆 this guy. I give info on cities. It's my job. Karen somewhere else. If you need to be negative, Yelp is a good place to start. lol
@MikePetrasMPRE Ай бұрын
If someone wants to move to Payette, they can. They don't need you're approval. Just saying.
@TheSpiritualGangstuh Ай бұрын
I really don't give a fugg if it's "very American" of me. Our country is declining fast, so I don't harbor patriotism for a corrupt system🤷♂️ It's where and the proximity that matters. And like it or not, YOU are part of the problem of why Southern Idaho is unaffordable, crowded, polluted, etc. I'm not alone on that either. Your channel sucks and is small thank gawd. You're literally profiting off the misfortune of Idaho residents by encouraging this. It's immoral, literally, to not care about your neighbors and people in the community. You compound the problem, for some money. It's selfishness, with the disguise of help.
@nitronut9084 Ай бұрын
Don't forget the huge traffic increase with no infrastructure added for years.
@MikePetrasMPRE Ай бұрын
Traffic has been increasing everywhere. Not just Emmett. I live in Star, more complaints here, lol!
@richardmiller8574 2 ай бұрын
Yet people still vote for insane taxation and then complain! Stop voting in favor of levies, schools, etc!
@MikePetrasMPRE 2 ай бұрын
This is true.
@uprite88 2 ай бұрын
Hi Mike, It's all about the Debt market. We can't just keep paying off the bonds printing money from nowhere... Every 100 days, we owe another Trillion in interest payments...
@MikePetrasMPRE 2 ай бұрын
Maybe I'm missing something here? 1T is added to the national "debt" every 100 days, basically. But 1T in interest payments on Treasuries every 100 days? Dave, this nation would have defaulted a long time ago, if so. I'll agree, we need to stop printing money, but it doesn't pay off the treasuries... it makes more treasuries that the US market needs to sell to investors. It's not good for the Treasury markets at all. But will Govt. ever budget...?? Hahaha. We know the answer to that, don't we, my friend.
@john5712 2 ай бұрын
I wish I wouldn’t have watched this
@MikePetrasMPRE 2 ай бұрын
It's not implemented yet, but if we get 4 more years of the same... it's coming.
@john5712 2 ай бұрын
The rich create all jobs without them we are nothing
@MikePetrasMPRE 2 ай бұрын
This is semi-true. There are always entrepreneurs. It's how the rich became rich.
@denisrichard58 2 ай бұрын
Government needs to stop raising taxes and quit wasting money. Cut government by at least 50% to start with. Stop shoveling money to other countries. Stop shoveling money to special interest groups. Stop funding 90%+ of people on welfare that have no valid reason to be on welfare. Have a flat tax for EVERYONE regardless of income and close the loopholes and stop punishing people for not having kids.
@MikePetrasMPRE 2 ай бұрын
Agreed! We'll said. Thanks for the comment!
@austinroxout 2 ай бұрын
The governemnet will do anything except abolish zoning and allow more housing to be built... I am going to be dead by the time politicians wake up... so sad.
@MikePetrasMPRE 2 ай бұрын
You're right. WWWAAAAAYYYYY to much red tape.
@CaseySaber555 2 ай бұрын
Subscribing, surprised a small channel actually broke through the alg.
@MikePetrasMPRE 2 ай бұрын
Right?!?! I've been at it for almost 4 years. Finally, getting some credit. Lol! Thanks for the comment and Subscribe!
@kinvert 2 ай бұрын
We can't opt out of this terrible system. Even if you switch to a simple gardening life they'll get you with property taxes. Slavery.
@MikePetrasMPRE 2 ай бұрын
Can't argue that. ...we do have Consitutional protections, but will the people ever use them?
@RipliWitani 2 ай бұрын
Federal Taxation is only legal during an emergency or during war.
@MikePetrasMPRE 2 ай бұрын
@@RipliWitani Wish that was still the case. The unraitifed 16A changed all that!
@kinvert 2 ай бұрын
@@RipliWitani We end up in jail regardless.
@sawyer4981 2 ай бұрын
If you're making more than 500k off your home in 2 years, you should be taxed heavily on it. The insanity of the housing market is a big reason our economy is as screwed as it is right now. A run down home built in the 70s with crap land should not cost as much as it does now, housing is artificially inflated beyond belief.
@MikePetrasMPRE 2 ай бұрын
If you owned the house that made 500k in 2 years, you'd be singing a totally different tune. Lol! Do you think higher taxes help stabilize the economy? ... while I'll say housing is expensive for your average American, cause it is. Increasing taxes most certainly WILL NOT fux a supply and demand issue. Supply needs to vastly increase to level the playing field. If taxes exhorbinatly rise, and the corporate REITs backed by the Big 3 buy a majority of the hosuing in the US. Homeownership will become a thing of the past for all Americans.
@akita96th 2 ай бұрын
TAX the rich, you cannot believe a word they say when they complain about paying taxes...What happens when you tax a rich man? NOTHING he is still filthy rich. Time for all the cream eaters to pay up. You are talking MAGANONESENSE
@whosbehindthedoor8788 2 ай бұрын
Buy a duplex deduct interest, expenses, repairs, depreciation, 1031 exchange. Win, win,win,win
@MikePetrasMPRE 2 ай бұрын
House hacking is very smart! Thanks for the comment!
@annoyed-b3y 2 ай бұрын
yes sir, i shut down my home fix and flip business after 4 years. assets are now becoming capital loses. great video
@MikePetrasMPRE 2 ай бұрын
Sorry to hear that, man. It's wasn't current capital gains tax though, right? I know sellers have been able to command big dollar for garbage. It's changing now with the increase in existing home inventory. May want to restart it. Idk... I wish you nothing but the best and many blessings. Again, sorry to hear that you shut it down. If it makes ya feel any better. RE has got a whole lot harder on so many fronts. LGB. Ugh.
@beachlife3572 2 ай бұрын
Kamala plan 45% capital gains for 2025 if she wins....Trump plan is reducing it to 15% if he wins....
@MikePetrasMPRE 2 ай бұрын
Yep! Tough choice, eh?! Lol
@paulbrungardt9823 2 ай бұрын
Giving government more tax money produces the same effect as giving a fentanyl addict , more fentanyl.
@MikePetrasMPRE 2 ай бұрын
Got that right!
@SC-fj2zp 2 ай бұрын
Underrated comment!
@PWdogdad 2 ай бұрын
If buying a house as a couple, you’re allowed $500,000 net profit on the sale. If you bought it for $800,000 you can sell it for $1.3M without a problem. He explains this the video.
@MikePetrasMPRE 2 ай бұрын
Thank you!
@JohnnySilverfoot 2 ай бұрын
"Cost basis is the original cost of obtaining an asset. It can include the purchase price and any fees. During the time that an asset is held, its value can change due to changes in market value, as well as any depreciation. The tax basis is the adjusted cost basis of the asset at the time the asset is sold."
@MikePetrasMPRE 2 ай бұрын
Correct. See below (or above).
@JohnnySilverfoot 2 ай бұрын
very confused...are you literally telling me if I buy a house for 800,000.....live it in for 4 years....then sell it for 800,000, literally making ZERO in capital gains, that I'll still owe 23.8% on over 500,000 of it? That doesnt make any sense, I must be misundertanding here. its like you didnt take the ORIGINAL purchase price of the house into consideration. Capital GAINS...means I MADE A PROFIT on the sale. The Cost Basis absolutely factors into what is owed when we sale something and determine how much we owe in taxes.
@MikePetrasMPRE 2 ай бұрын
Yeah. Your confused. No worries! Say I bought the house for $200k, 10yrs ago. And I'm single (not married). Sold it for $1m. Made an 800k capital gain. Then after the 250k "single" tax exemption, if I live in the home 2 out of the last 5. Then I made a "taxable" (net) profit of 550k. 550k is above the 20% capital gains tax threshold, plus has the NIIT. So 23.8% capital gains tax total on 550k. 😁
@LastManStanding777 2 ай бұрын
This is why The death cult known as the Democratic party can never be in power again
@MikePetrasMPRE 2 ай бұрын
Need to keep the cheating down to a bare minimum. Lol
@MrJSpicoli 2 ай бұрын
Once you realize it is being done on purpose to make the people scream for gov't help and communism, it all makes perfect sense.
@MikePetrasMPRE 2 ай бұрын
Oh...100%! Thanks for the comment!
@quartytypo 2 ай бұрын
Put Democrats in charge of government and every day is Halloween.
@MikePetrasMPRE 2 ай бұрын
Yep
@stevetonnesen3666 2 ай бұрын
Taxes on 'capital gains' are themselves already massive fraud, as the 'gain' is measured in dollars and the dollar is a fraudulent medium due to intentionally structured devaluation, also known as inflation. Inflation is government theft through fraud and outright lies. Taxing unrealized gains is a red herring designed to distract us from the already massive fraud of current capital gains tax laws.
@MikePetrasMPRE 2 ай бұрын
Agreed! Well said. Thanks for the comment!
@denisemariefugo5126 3 ай бұрын
Excellent analysis.
@MikePetrasMPRE 2 ай бұрын
Thank you very much! Glad you enjoyed it!
@rentslave 3 ай бұрын
I'm waiting for the vaccine to go viral.
@MikePetrasMPRE 3 ай бұрын
?
@rentslave 3 ай бұрын
@@MikePetrasMPRE Once the deaths really start taking off over the next three winters,the supply should greatly increase.
@MikePetrasMPRE 3 ай бұрын
@@rentslave Ahh! Gotcha. I'm not doubting that to become a reality.
@twolford01 3 ай бұрын
The average person can’t compete with large corporations and their cash offers. Noticed this going on in my neighborhood five or six years ago.
@MikePetrasMPRE 3 ай бұрын
They certainly can't. And the Big 3 don't care. They'll flood money at it.
@alr5373 3 ай бұрын
Mike, have you given it a thought to run for local government? We need more people who are independent thinkers that are capable of researching and following the money to help pass laws that actually protect the citizens.
@MikePetrasMPRE 3 ай бұрын
Yes I have, actually. Missed the deadline..Thank you, Bob! I appreciate the compliment
@richwealthylavish5246 3 ай бұрын
Oh my god, Alex Bromley got into Finance!
@MikePetrasMPRE 3 ай бұрын
?
@marktapley7571 3 ай бұрын
Larry Fink was (is) Trump’s financial advisor in his last term. Black Rock controls ap. 90% of major companies in the U.S. and is one of the primary beneficiaries of the monetary depreciation (50% every 17 years) that has effectively wiped out America’s once unassailable middle class and is gradually moving all real wealth (land, water, minerals and infrastructure) into the insiders hands.
@MikePetrasMPRE 3 ай бұрын
They must have had an interesting relationship. Cause Fink just tried to kill him. 🤷😆. 5% is 95% of S&P to be exact. They have a lot of control. Number is probably bigger. Thanks for the comment! Well said.
@marktapley7571 3 ай бұрын
Well what else can be expected from Black Rock after the Banking Cartel in collusion with the government dumped over two trillion dollars of “stimulus” money into their companies at the start of the “virus” in 2020. As this massive amount of debt monetization flows down through the economy, everyone else is paying the cost for these financial insiders.
@MikePetrasMPRE 3 ай бұрын
Well said! Thanks for the comment!
@zmkarakas 3 ай бұрын
Very good analysis and comparison to previous crisis. Also need to mention that stock markets will not do well through this period. A correction in the stock indices around 40% seems to make sense. I actually think that the stocks will sell of first to give "message" and "order" to Fed to immediately cut rates. As always, Fed will try to save the asset markets before the sell-off fully plays out. This way, emergency cutting the rates to 2% seeing their beloved stock market sell off. Remember the emergency cuts in the beginning of the pandemic panic. The markets will not give the Fed the chance to "gradually" lower rates in an orderly manner to whatever they think the neutral rate is, instead, all will be done in the face of chaos, destruction and panic. Because the Fed never lets the markets be free and play themselves out, instead it always aggravates the business cycles through overdone government intervention. So in times when we are not supposed to get a crisis, we end up getting one. I do, however, think that the real estate market, especially on residential side will be much harder to move down compared to stocks. US residential market seems to be exceptionally strong and in shortage. For the Fed, asset markets are EVERYTHING, way more important than your unemployment rate (a.k.a plebs), or inflation rate (again for plebs). In other words, Fed cares more for rich people rather than the poor. This is very clear in their policy. Instead of arguing why real estate prices will go down, we should think more like what the Fed will do when the assets go down in price, and how they will try to save it through their "Fed Put", which is their actual mandate NOT unemployment or inflation.
@MikePetrasMPRE 3 ай бұрын
Agreed, and thank you for the insight into the stock markets! Great comment! 😁 Thank you as well for the compliment on the video!
@zmkarakas 3 ай бұрын
@@MikePetrasMPRE Thank you :) will follow your channel
@MikePetrasMPRE 3 ай бұрын
@@zmkarakas Thanks! It's appreciated!!
@MikePetrasMPRE 3 ай бұрын
I see that you added on. Very well said! The Fed and the Government TRULY inhibit the markets to be free and play themselves out. And its always government intervention that doesn't let it play out. Got to save them votes...amonst other things. I can't stand the hand in hand relationship. This time through (real estate)...also agreed. The residential side will be much harder to push. Although it is pushing itself right now, for a variety of reasons (inventory). Like lifestyle changes and basic cost of living. So the "shortage" is shifting. But you're right, as a whole and over the years compared to population, housing supply is down. Anyways...back on point (lol)....the broad sword of the Federal Funds Rate has already had a tough time breaking the back of RE. And with the elemination of predatory lending, it going to take astronomical unemployment levels to create another 08'. It isn't going to stem from a laxidazical MBS market. And with the asset being the mortgage itself, most Americans will sit as pretty as they can, for as long as they can. I actually think that the Goverment and the Fed are working hand in hand to create disruptions in the RE Markets. It's one of the last bastions of wealth in the US for middle and even some lower classes! Why have the banks lose money to the average "possessed" low interest rate mortgage and a high Federal Funds Rate? For example, the DOJ has been pushing against NAR. A basic push against effective Real Estate transactions. Also, the FFR itself... holding it for longer. Not to mention inflation. People living off credit. All receipes for created disatser. You're absolutely right. I'm actually quite worried about the stock markets. The S&P is most defintely bubbled. The asset markets and their precious banks are the Fed's primary concerns...agreed! Its unfortunate that the BS hand in hand relationship always plays its part to affect us "plebs." Its quite sad, actually. Protect their assests while burying the poor. Sound a lot like a socalistic State push, if you ask me.
@darkbrownblm2854 3 ай бұрын
Low interest rates plus great equity built-in the homes give the stable sellers all of the leverage in this real estate market. Due to wage stagnation for the last forty years, even if a seller reduce his price 20%, buyers still cannot afford to buy, and if the fed lower the interest rate the price of homes would skyrocket. So, what's exactly is going on in major real estate markets that analysts do not want to except? That 70 to 80 % of people will never be able to buy a home. We essentially reset to a renter market and thats the new reality.
@MikePetrasMPRE 3 ай бұрын
Well, what it really gives sellers is a HUGE "asset." That would be the mortgage itself. Can't blame the homeowners that purchased when interest rates and home prices were low. I also wouldn't really say that the sellers' mortgage and equity give them "leverage." Why? Because they are subject to competition when they try to sell. Which they are seeing as we speak. Supply and demand. If they could sell their set mortgage along with the sale, then yes! You'd be most definitely right! That would give them MASSIVE leverage. Who wouldn't fight for a 3% mortgage right now?! See where I am going with that?... However, they can't. Unless it's a VA loan. VA loans, in cases, being assumable. Im guessing though that you meant "leverage" by the fact that their mortgage is an asset, and they dont have to go anywhere (they dont have to move). So, just to recap. Because they have a low mortgage interest rate and equity doesnt mean that they are not competing with anyone else in the markets when they go to sell. What it does mean, though...and I believe th epoint your trying to make, is that they can sit pretty with the mortgage being the asset itself. Which you said. You're right. It limits home availibility in the markets for sure. That's not good for home prices, or for banks. Trust me, the banks HATE the fact that the Federal Funds Rate is 5.25% to 5.5%, and the average mortgage is sitting at about 4%. It means their losing money. It also means that they are going insolvent. That's a bad thing for us all. The question would be then, why didn't more take advantage of the GOOD times when they were here? Turst me, I know of many that thought the markets were going to crash back just a few years ago, too! Will the good times come back around again in the markets? Yea, but its going to be sometime now before that happens. While I will agree with you on the stagnation of wages (most definitely), I hate to be so generalistic in this response... but if one is not making the money to survive, or excel... then its hustle time. The money is not going to fall into someone's lap. An trust me, the Government want you working more anyways. It means more tax revenue for them. Sad. If home prices come down another 20%, and the interest rates came down with them, then if someone didn't do everything they could do to get into a home, they would be foolish. That 20% decline in home prices would deminish quickly as buyers would surge into the markets (you're right), but the window would be open for a vast number of buyers in the US. Again, you'd be shocked how many had this window open before the pandemic and did nothing about it. The real estate markets are not easy... and never have been. Under any economic situation. As far as the renters market... well... if we have another major crash. Like an 08' style crash. Then you'd be right, again. But not in the way you think. BlackRock, Vanguard, and State St. would just come in a swoop up a majority of the homes in the US. Since there is no legislation preventing against it. And with a $22T pruchase portfolio... then welcome to a nation of Renters. I'm just saying. Thanks for the comment!
@charlespaine987 3 ай бұрын
Then FAILED to index those tax rates to the inflation that the government is solely responsible for.
@MikePetrasMPRE 3 ай бұрын
Yep
@charlespaine987 3 ай бұрын
Then FAILED to index those tax rates to the inflation that the government is souly
@MikePetrasMPRE 3 ай бұрын
???
@bobcat8439 3 ай бұрын
All the Democrats have are lies I never hear them talking about anything that they did positive because they can't stand on anything they did positive
@bobcat8439 3 ай бұрын
Project 2025 is a right-wing party has nothing to do with Donald Trump
@MikePetrasMPRE 3 ай бұрын
I've never heard of project 2025. I'll have to see what their talking about.
@cptcosmo 3 ай бұрын
Our Founding Fathers went to war over a tax on a breakfast beverage. We are pathetic... lesser children of greater sires.
@MikePetrasMPRE 3 ай бұрын
You're not wrong.
@SanitysVoid 3 ай бұрын
People who are not in the business of buying, selling and renting homes should be exempt from this. There is no un realized gains on my home because it's not for sale and if it is it's only to buy another home. This is a communist tactic to take property on the sly.
@MikePetrasMPRE 3 ай бұрын
Yep. Got that right.
@SanitysVoid 3 ай бұрын
@@MikePetrasMPRE Mike, how do we get Idaho Politicians to put protections in place for us against this Communists Central government grab? I wrote three of my reps from district 6 and mentioned this issue among a few others. Non of them wrote me back.
@MrJSpicoli 3 ай бұрын
It would help if whoever is in control wasn't trying to tank things. It's Kloward and Piven strategy
@MikePetrasMPRE 3 ай бұрын
You're right. It's a push for a state of globalism, unfortunately.
@sharonnycum5414 3 ай бұрын
Wow not happening here. The homes are higher now than ever. The banks are slowing loans.
@MikePetrasMPRE 3 ай бұрын
??? Sorry, but confused as to the context of the question. But yes. Home prices are higher... and banks are "starting" to get more cautious on their lending. But... as long as there is a profit to be made, they'll do it. Are you referring to foreclosure rates in your area?
@jerrybarone9781 3 ай бұрын
Only one way out of this shitstorm ..vote for Trump
@MikePetrasMPRE 3 ай бұрын
Yep! Poor fella has a long road to cover though...after Biden
@martinbisschoff988 3 ай бұрын
You get......what YOU ALLOW. Simple actually.
@MikePetrasMPRE 3 ай бұрын
Yep! This is why we need a change of leadership.
@Gzluweez 3 ай бұрын
Property tax is confiscation of home appreciation.
@MikePetrasMPRE 3 ай бұрын
Sort of. Won't be anything like unrealized capital gains tax.
@alr5373 3 ай бұрын
Mike, friends of mine just moved into a new home that they had built for them in Star. They signed the contract 8 months ago. At what point of this process is it considered a New Construction sale? If it's when the house is completed, then data influencing new home purchases could have an 8 month delay because of this.
@MikePetrasMPRE 3 ай бұрын
Hey Bob. You said they just moved in, correct? I have to ask. Has the sale "actually" closed, yet? They aren't still under contract with either the builders sales team, or an independent brokerage? Thanks! ... Rules, rules, rules. LOL!
@alr5373 3 ай бұрын
@@MikePetrasMPRE They moved into a Toll Brothers home about a month ago. So I'm assuming it's been closed.
@MikePetrasMPRE 3 ай бұрын
@@alr5373 It's most likely closed, if they moved in about a month ago. And why? It's because the builder wont hand over the keys until the home is closed. LOL! Sorry, I need to make certain as to not stick my nose where it doesn't belong, according to regulations. Even if it means having to probe a few times. I hope you understand. So...the answer to your question is a local one. Let's cover it. First off, your questions is a "little" unclear, but I'm 99.8% sure that I know where your going with it. So let's just cover it all. LOL! Overall, to place your answer in a "relative" nutshell... yes, the "local" market data can influence value throughout the course of the build. But again, it's determined on a "local" level. It does not specifically go off county stats, like I present. That would be too broad. It goes off local/nearby comparables. These values are officially determined by a licensed appraiser. Make sense? The original, agreed upon offer price can still be affected by whats going on with local market conditions, during the build. Hence why appraisals are done during escrow. Especially if someone is purchasing the home with a loan (there are some work arounds to appraisals, even if using a loan, but thats another discussion)... At this point, I also need to be clear that I am not a licensed appraiser. Any questions regarding, or of appraised value itself needs to be bounced off the/an appraiser. ...Any new negotiations opened because of the appraisal results are usually subject to the contract terms set with the builder and/or the purchase and sales agreement (RE-21). Usually, builders have their own contracts. Sometimes those contracts work in tandem with the RE-21. Depends on the builder. This is key to understand (the contract terms)! New negotiations can sometimes commence/come to terms via the appraisal results, sometimes not. Again, depends on the contract terms and subsequent negotiations with the builder. Any new price negotiations, based on the appraisal results, are negotiated upon if the appraised value comes in lower than the agreed upon purchase price. So again, and I need to make this crystal clear. My market updates are on a county level/pattern to show what is happening overall in the counties. To give my viewers a conceptual idea on how the markets, AS A WHOLE, are reacting in the Treasure Valley. Any value, in this case, would be made on a specific local level. For example, what is happening in a local neighborhood in Eagle is going to different than a neighborhood in Star. So again, this is determined by the local area, to determine a possible gain, or loss in value. Based on all of this, who knows "exactly" what happened to the value of the home over the course of the build? The value may have gone up, or down during the build process. Sorry, I was not the agent representing this transaction. ...Of course, if this is what your concerned about... But I can say this for certain, just like when the home was being built, and to now... the home is subject to local market conditions. Hopefully I haven't beat this to death. LOL! Hope this helps! And hey, if you know of anyone else that is looking to buy, sell, or invest anywhere around the Treasure Valley, I would love to be of assistance. Thanks Bob!
@alr5373 3 ай бұрын
Gotcha. How annoying it must be to have to navigate through those regulations. Thanks for answering the questions
@MikePetrasMPRE 3 ай бұрын
@alr5373 No worries! Happy to answer! As far as the regs. I like them. Keeps things in line and fair amongst the Realtors 😁