Recent comments in /f/RhodeIsland

dionidium t1_jbzteii wrote

Fun fact: home prices in Rhode Island fell about 25% between 2008 and 2013. And that was the result of a historic recession caused by massive failures in the banking and lending industry, coupled with an extreme subprime mortgage crisis.

You’re not gonna get the banks failing this time. There is no subprime mortgage crisis. What we have is a lot of demand and not very much supply, because as much as everybody talks a big game about lowering housing prices, nobody wants a bunch of duplexes or triplexes or townhomes or condos built in their own neighborhood.

So everybody is fighting over the same houses, many of which were literally built 100 years ago, because no matter what anybody tells you, the people in this state value living in a museum more than they care about making housing more affordable.

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Imjusthereforgossip3 t1_jbz9eky wrote

Congratulations! I’m not sure whose shitting on Coventry but like any town there’s good and bad. It used to be more rural and woodsy but over the last 2 decades, it’s been built up. Lots of new developments and chain retail stores making it feel more urban than country.

Near URI is a beautiful area, it’s referred to as South County although it’s not actually a county.

Richmond is more country living, south Kingston, Charlestown, Narragansett for beach vibes

Good luck!

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BingBong022 t1_jbytbgf wrote

Unemployment rate is 3.6%, lowest since 1969. Long term average is 5.73%. What it ticked up from 3.4 to 3.6? 🤣 O no it's the great depression! Get real, stop talking out your ass. The Fed has said numerous times that the labor market is proving to be more resilient than anticipated. January analysts predicted 187,000 non farm payrolls to increase by it went up by 517,000. February expected was 225,000 came in at 311,000. Just look at the numbers my guy

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Ri_Surf t1_jbyqz51 wrote

I’ve lived in Narragansett and know the area surrounding URI well. I currently live in Middletown and we also have a place in Newport. I’m originally from Bergen County area NJ.

We are near covid low inventory of single family homes in the state. The market is pretty competitive and there are lots of multi offer scenarios depending on the property. If you see something that you like it’s best to move quick!

I’m a realtor with HomeSmart Real Estate, and I’d be happy to chat if you want some insight on the area and local markets. Send me a DM and I’ll give you my contact info!

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