Recent comments in /f/Connecticut

Kolzig33189 t1_j61edxe wrote

No, I think over the course of this year there will be a pretty significant lowering of prices. Maybe 10-15%. Certainly not in high demand places like the “ct panhandle” where rich New Yorkers flock to, but the seemingly never ending rising interest will begin to have an effect. It actually already has as evaluations are starting to go down in the high single digits in large areas of the state, but like my other comment said, there were a lot of people waiting on a dip and they are now pouncing so competition is still fairly high. But theres a lot less people who can afford a 350k house in the suburbs with 6% interest than a 2.5% interest and that will decrease competition among buyers this year.

Also, it’s winter right now so inventory is low. Historically, late fall and winter are the worst time to sell houses (often because middle of school year is bad time to uproot kids) and most people wait until late spring and summer to list.

Plus, if the doomers happen to be right and there is a recession this calendar year, housing prices will likely tank.

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JHolm915 t1_j61cezw wrote

That was because of the church in close proximity to the property, but the town, track, and church all came to an agreement to allow a certain amount of Sunday events and now the people in town are trying to reduce that further which will hinder the big name series that require Sunday racing and cause them to back out from holding events there.

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Independent_Source97 t1_j61cdqa wrote

Reply to comment by Psychological-Dog112 in Water in Basement? by MJ_2K20

50' WaterGuard drain where the floor meets the wall, sump pump, exterior drain and dry well 20' away from from the house and vinyl wall covering above the drain came to $6,000. I had water coming in from two corners. They spent nearly 3 hours jack hammering the basement floor. I also needed an electrician to run a dedicated 20 amp outlet to the pump, not included in the price.

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JHolm915 t1_j618j5w wrote

On top of it the track is actually designed to minimize sound(it's like a bowl with the track in the center) and has one of the strictest muffler db limits so you really can't hear anything outside the property of the track so it's absolutely ridiculous that they complain.

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Kolzig33189 t1_j618cql wrote

Housing prices will come down once all the people who were waiting for a dip in prices and demand stop immediately buying houses over list price the same day they go on market…which ironically they were complaining about others doing for 3 years or so.

And it’s also winter - available homes are at their lowest point every year around this time.

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Agreeable_Mango_1288 t1_j617ryg wrote

The same as people that move next to an area that is zoned for business or industrial uses , and then complain about noise , traffic, etc. when the area gets built up for the allowed usage. Goes for city people who move into farm country and complain about the smells. They drive past the farms to get to their new development that used to be a farm.

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Independent_Source97 t1_j6165ve wrote

Reply to comment by DarthLysergis in Water in Basement? by MJ_2K20

Yes they can, they just did my basement a few months ago. Started getting water more frequently over the last year or two to the point every time it rained I get some water from a couple different points. Our house is over 100 years old and has a fieldstone foundation. It wasn't cheap but the basement is nice and dry now. Good quality work too.

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