Monday, March 01, 2021

FLIGHT TO QUALITY: JOHNSON COUNTY HOMES STAY WINNING VS. KANSAS CITY!!!

Credit to KICK-ASS TKC READERS . . . We've talked about the suburban exodus sparked by COVID for about a year. And now it's news fact:

70% of Johnson County residential properties increase in value

KANSAS CITY, Mo. - The trend of increasing property values in Johnson County, Kansas, continued into 2021, even as the COVID-19 pandemic waged on. The average single-family home in the county increased in value by roughly 4.5% year over year. The county started to mail the notices to more than 200,000 property owners on Monday.

14 comments:

Anonymous said...

All assets reside in cycles. Real estate in Joco will decline someday, and significantly. Best to own a moderate priced home. The mega-mansions are the ones that will be hard to sell and prices will drop more on them. $600,000 and up homes will be really hurt.

Anonymous said...

In other words, 4:47 can't afford a "mega mansion".

Tab said...

Well when you had a booming downtown ruined by social justice bullshit you can expect an exodus. This financial decline along with the devaluing of human life is just the intrest payment for falling to such moronic policy. This fall will cost a lot of blood.

Anonymous said...

^^and yet downtown is still booming. Weird.

Anonymous said...

^^^ and yet it’s failing, people are moving out fast because of the riots and murders downtown. Weird.

Tab said...

5:49 the only thing that is weird is you. No soccer for you to play tonight?

Bandit said...

Everybody's taxes will be going up because of gubmint stupidity and overspending. Thank the Democrats and protest your increases.

JC Nichols said...

Johnson County is for white, working people. Jackson County is for those who are not. I encourage Jackson County to remember Diversity is they strength. So stay there.

greg said...

The big mega mansions are always white elephants. All You Hear Is how a celebrity finally sold their place at 1/2 the original asking price after years. Many people can afford a 300k home, less can afford a 600k home, even fewer a 800k home. It's just follows the earnING curves

Anonymous said...

You can always rent out an average home. But try to rent out an upper bracket home - it can't be done

Anonymous said...

Biggest true unemployment figures since 1929. A killer virus is lose. 500,000 dead. All their houses will go on the market in a year or so, driving down prices. In a year 700,000 dead, and landords are going to sell all their rentals as they cant collect rent.

Oversupply = low prices

Big houses are OUT! Less is more.

Anonymous said...

People need to remember 1 thing only: the governments last concern is your homes value/price. Government cares about stocks, bonds, pension, banks. But NOT your homes market price.

Anonymous said...

We get the Tucker Carlson left position your pimping here but Real Estate is an economic engine the government and wall street covets.

Anonymous said...

Real estate is the last asset class that declines in a depression, but it does go down. Sometimes it takes years to recover.