Friday, December 27, 2019

Newsflash: Newspaper Notices Kansas City Housing Bubble About To Burst Again

KC's dead-tree crew has been one of the WORST economic indicators in this town . . . They missed the Great Recession, haven't really mentioned the Prez Trump rally and mostly ignore the local implications of every economic trend. Today's attention to the metro housing market should inspire fear. Read more:

Kansas City home prices are rising fast - faster than Dallas, Denver and Nashville

Allison Hadley grew up in Overland Park and wanted to move back to the area from Durham, North Carolina. She bought her first home in the hot Johnson County real estate market without seeing it in person. syang@kcstar.com From the beginning of Allison Hadley's search for a home this spring, Johnson County houses were flying off the market.

22 comments:

Anonymous said...

KC's little BuBbLe popped here four years ago. After a little manic burst of cocaine and hooker fueled "momentum" from 2013 to 2016.

Short walk to wonderful Westport! Streetcar Line Coming Soon!

Anonymous said...

^^Ugh huh. Go watch Matlock grampy. Leave the analysis to those of us not in the rest home.

Anonymous said...

These two idiot scribes obviously wrote this article by looking at the numbers provided to them by the Jackson County Assessment Department.

Fake news at it's best.

Anonymous said...

Hahaha that is the biggest and smelliest runny load of shit I have ever read.




Anonymous said...

You mean those of you in the zoo? Oh, Chimpy. You make it so easy! Lol

Anonymous said...

LOL how much did they-someone in Leawood bribe the Star for this wacko write up?

Anonymous said...

When the county arbitrarily raises your taxes by 200% of course the value of the house rises to an unrealistic amount!

Anonymous said...

Oh yah it's like people are just racing around making homeowners incredible cash offers not only for homes, but lots! Lot's of lots! Buy a lot and flip! Dream home? Here's ur chance to build! Then Flip! And why not attend our free seminar How To Build An Empire Flipping Homes KCMO at Leawood next weekend.

Hurry while it lasts! No money down no interest payments for one year!


on and on and on...

Anonymous said...

An exemplary example of false-fake news at it's best. Star should get an award for this one.

2019 Fake News of The Year Award

Anonymous said...

^^You should get a life. Only the nearly-departed read the Star.

Anonymous said...

My area in South Overland Park has seen pretty large increases. This is in true selling prices. I find it sort of mind boggling and it seems awfully high to me what homes are going for, but the values and sales prices are increasing. With that said, I don't think it will last.

Anonymous said...

What will burst first, the housing market or that undersized coat she’s wearing! Hahahahaha!

Anonymous said...

Okay then the lot we are asking $185 for has been sitting on the market for four years with no buyers or offers in a so called hot and desirable part of town.

What is up with that?

Anonymous said...

Quick! Hurry and scoop up all these fantastical real estate bargains while it lasts!

Everything must go!

Anonymous said...

White flight

Anonymous said...

This is Pulitzer material.
While percentages are used- one need to realize:

1. Comparable prices in actual dollars per non- inclusive salary in exchanges in property taxes performs- these numbers actually come in lower... each and every time when subtracting $100,000.

2. The flux from shithole states like Illinois and California- where $100k can’t buy a decent spot on the sidewalks- all the regretful citizens from these very very very liberal states cause prices to rise. More than others on a pure cost basis.

3. This is only a trend.

This story is behind a paywall. How suspect is that? Rich people who are old and have no idea what the Internet is subscribe to the paper for crossword puzzles and bird liners.

I read the paper when my neighbor gets up late.

I wish the kids would quit paper shaming him as I don’t want him to cancel.

Anonymous said...

All the "affordable housing" and rent protection initiatives have ensured home prices will not go down any time soon

Anonymous said...

Wait a couple years when Jackson county hits them with high taxes again.

Anonymous said...

Interesting because I read some articles this past week that were saying other city's home prices were rising faster then ours and everyone else.

On that home come most houses here are doing the "price reduced" and still not selling? And the rare sale of a house now warrants the " see it's booming" cheer.

Anonymous said...

^^^ Shut up and consume, go into debt, and keep ur mouth shut.

Retro ROCKER said...

It will be the Roaring twenty .And then It will all come crashing down .Its Time to Party like it is Twenty Twenty. Because mid 2021 IT may all come tumbling down. People living in the Metro will be alright. But the East Coast and And west coast will be devastated .And yes many will be coming to Kansas City to look for Opportunities and Jobs. Be Glad you are Living in Western Missouri and Eastern Kansas .

Anonymous said...

the "blog" headline is contrary to the actual newspaper article. The prices are going up and have been going up for some time, in summary. Not a bad thing. The cost of building new is high nationwide resulting in demand for the existing housing. Unfortunately the existing housing stock of move in ready homes is limited. Too many years of too few permitted "upgrades" and now the houses cannot pass inspections. The real estate agents noted the issue with inspections years ago. The City of Kansas City needs to up its game and enforce the permit process.