SWSiouxMN Posted July 13, 2022 Posted July 13, 2022 On 7/13/2022 at 3:46 PM, Cratter said: Expand Let me guess. More apartments? Quote
Cratter Posted July 13, 2022 Posted July 13, 2022 On 7/13/2022 at 3:48 PM, SWSiouxMN said: Let me guess. More apartments? Expand Yup and commercial on the first floor. Lots of houses being built too. There's a shift of people preferring apartments more nowadays. Cheaper, less commitment, less upkeep. The youtube generation so they can live the #vanlife. Quote
Cratter Posted July 13, 2022 Posted July 13, 2022 On 6/15/2022 at 8:07 PM, tnt said: Has anyone heard any news as to what this is? It isn't on the city planning page under approved projects. Expand On 6/15/2022 at 9:29 PM, Green Banner said: Strip mall, it was covered a early in the thread Expand Called Plaza 32 by Epic Company out of Fargo. Quote
dmksioux Posted July 13, 2022 Posted July 13, 2022 On 7/13/2022 at 4:14 PM, Cratter said: Called Plaza 32 by Epic Company out of Fargo. Expand Epic is investing in several projects in Grand Forks and many more in the state/region. They've really grown as a company. Looking forward to the Beacon and what it has to offer once it's built. Edit: Also, that isn't a picture of plaza 32. That's a picture of a development on south columbia road. Not sure who's doing that. Plaza 32 is on 32nd by the mall. https://epiccompaniesnd.com/property/plaza-32/ 1 Quote
Popular Post geaux_sioux Posted July 13, 2022 Popular Post Posted July 13, 2022 On 7/13/2022 at 3:54 PM, Cratter said: Yup and commercial on the first floor. Lots of houses being built too. There's a shift of people preferring apartments more nowadays. Cheaper, less commitment, less upkeep. The youtube generation so they can live the #vanlife. Expand Wow are you out of touch. Nowadays most people can’t afford a first home unless they’re in a two income household. It’s not for lack of desire, the average first time home buyer has been priced out. 5 Quote
Cratter Posted July 13, 2022 Posted July 13, 2022 On 7/13/2022 at 9:03 PM, geaux_sioux said: Wow are you out of touch. Expand If you say so Sherlock. 1 Quote
geaux_sioux Posted July 13, 2022 Posted July 13, 2022 On 7/13/2022 at 9:28 PM, Cratter said: If you say so Sherlock. Expand Renting is a better fit for the lifestyle…. Because they can’t afford a home. Many young people don’t expect to be able to afford a home any time soon, even if they have a decent job and a degree. Quote
nodak651 Posted July 13, 2022 Posted July 13, 2022 On 7/13/2022 at 3:46 PM, Cratter said: Expand looks like this https://www.enclavecompanies.com/ivy-at-soco Quote
Cratter Posted July 13, 2022 Posted July 13, 2022 On 7/13/2022 at 9:50 PM, geaux_sioux said: Renting is a better fit for the lifestyle…. Because they can’t afford a home. Many young people don’t expect to be able to afford a home any time soon, even if they have a decent job and a degree. Expand Among other factors. You can read the article yourself. Maybe you missed the part where I wrote "cheaper" as one of the factors. Or maybe you're good at seeing black and white. Either way there's a shift toward more people preferring apartments over houses. 1 Quote
SIOUXFAN97 Posted July 13, 2022 Posted July 13, 2022 On 7/13/2022 at 10:40 PM, nodak651 said: looks like this https://www.enclavecompanies.com/ivy-at-soco Expand looks good! Quote
Nodak78 Posted July 13, 2022 Posted July 13, 2022 On 7/13/2022 at 10:40 PM, nodak651 said: looks like this https://www.enclavecompanies.com/ivy-at-soco Expand I wonder if this is less expensive than getting a hotel for football games. Hotel price is brutal. Quote
geaux_sioux Posted July 14, 2022 Posted July 14, 2022 On 7/13/2022 at 10:53 PM, Cratter said: Among other factors. You can read the article yourself. Maybe you missed the part where I wrote "cheaper" as one of the factors. Or maybe you're good at seeing black and white. Either way there's a shift toward more people preferring apartments over houses. Expand Seems you’re only seeing the what and not the why. Quote
gfNDfan Posted July 14, 2022 Posted July 14, 2022 On 7/13/2022 at 10:53 PM, Cratter said: Among other factors. You can read the article yourself. Maybe you missed the part where I wrote "cheaper" as one of the factors. Or maybe you're good at seeing black and white. Either way there's a shift toward more people preferring apartments over houses. Expand On 7/13/2022 at 9:50 PM, geaux_sioux said: Renting is a better fit for the lifestyle…. Because they can’t afford a home. Many young people don’t expect to be able to afford a home any time soon, even if they have a decent job and a degree. Expand The lifestyle for NOW - go ahead and throw away rent for 30 years and end up with nothing to show for it. They can't afford a home they THINK they deserve right out of the chute that's probably way beyond their means right now but if they could get into a smaller starter home and work their way up they'd actually own something worth something at the end of the road. The real problem is a lack of small starter homes for new home buyers combined with the fact a small older place is "unacceptable" for today's renters because they think they deserve more immediate satisfaction (and less maintenance work) out of renting. We bought our house in North GF right after the flood - small and not perfect by any means but it was what we could afford at the time. Bought in - maintained and improved it and now we could easily sell it for way more than twice what we payed for it. The bank made out great on the mortgage they sold us but at least we'll have an asett we can sell to get most of that money back. Renters just keep throwing money into the wind with nothing to show for it. Quote
JohnboyND7 Posted July 14, 2022 Posted July 14, 2022 On 7/13/2022 at 3:54 PM, Cratter said: Yup and commercial on the first floor. Lots of houses being built too. There's a shift of people preferring apartments more nowadays. Cheaper, less commitment, less upkeep. The youtube generation so they can live the #vanlife. Expand True in part. False in part. I'll elaborate another time. I think it has more to do with priorities. Quote
geaux_sioux Posted July 14, 2022 Posted July 14, 2022 On 7/14/2022 at 4:23 AM, gfNDfan said: The lifestyle for NOW - go ahead and throw away rent for 30 years and end up with nothing to show for it. They can't afford a home they THINK they deserve right out of the chute that's probably way beyond their means right now but if they could get into a smaller starter home and work their way up they'd actually own something worth something at the end of the road. The real problem is a lack of small starter homes for new home buyers combined with the fact a small older place is "unacceptable" for today's renters because they think they deserve more immediate satisfaction (and less maintenance work) out of renting. We bought our house in North GF right after the flood - small and not perfect by any means but it was what we could afford at the time. Bought in - maintained and improved it and now we could easily sell it for way more than twice what we payed for it. The bank made out great on the mortgage they sold us but at least we'll have an asett we can sell to get most of that money back. Renters just keep throwing money into the wind with nothing to show for it. Expand Would you say it’s wise to buy a vastly overpriced dump that you can afford when there’s an incredibly inflated real estate bubble? Quote
Kab Posted July 14, 2022 Posted July 14, 2022 I look at the houses for sale in GF and there are very few of the old ones I would consider, need a lot of repairs and are overpriced im just glad when we were young we took a chance and built a house even though the payments were close to 40% of our income the kids had plenty of room to play outside and we knew who our neighbors were im just not an apartment person, at our age now we would consider a one story duplex Quote
Walsh Hall Posted July 14, 2022 Posted July 14, 2022 It's extremely well documented that the younger generations have a propensity to prefer the flexibility of "apartment life." Statistically they are more liking to frequently change jobs and to relocate. Their spending habits and priorities are statistically different than older generations. There is a measurable different is favoring experiences over possessions. Less of that demographic has the goal of a classic home ownership model. It's not a coincidence that higher end apartments with many amenities (dining, coffee shop, services, entertainment space) are becoming more popular. 4 Quote
Cratter Posted July 14, 2022 Posted July 14, 2022 On 7/14/2022 at 3:11 PM, Walsh Hall said: It's not a coincidence that higher end apartments with many amenities (dining, coffee shop, services, entertainment space) are becoming more popular. Expand One of the newer apartments in GF has an indoor and outdoor pool, hot tubs, indoor basketball court, game rooms, theaters, gyms (fitness). And no availability. Gonna need to build a new one. Probably rents for a small mortgage too. Quote
The Sicatoka Posted July 14, 2022 Posted July 14, 2022 On 7/14/2022 at 4:05 PM, Cratter said: One of the newer apartments in GF has an indoor and outdoor pool, hot tubs, indoor basketball court, game rooms, theaters, gyms (fitness). And no availability. Gonna need to build a new one. Probably rents for a small mortgage too. Expand What's curious to me is when I visit relatives that live in such places, those amenities are idle. Quote
Cratter Posted July 14, 2022 Posted July 14, 2022 Prices double every 20 to 25 years. So you better buy that $500,000 house cause it'll cost you a million soon! Quote
Nodak78 Posted July 14, 2022 Posted July 14, 2022 On 7/14/2022 at 5:34 PM, The Sicatoka said: What's curious to me is when I visit relatives that live in such places, those amenities are idle. Expand Yes you can save a gym membership. Its about equal to the increase rent. Quote
Goon Posted July 14, 2022 Posted July 14, 2022 On 7/13/2022 at 3:46 PM, Cratter said: Expand What exactly is that thing. I ride past it on my bike all of the time. Looks like a another apartment building. Quote
gfhockey Posted July 15, 2022 Posted July 15, 2022 On 7/14/2022 at 4:05 PM, Cratter said: One of the newer apartments in GF has an indoor and outdoor pool, hot tubs, indoor basketball court, game rooms, theaters, gyms (fitness). And no availability. Gonna need to build a new one. Probably rents for a small mortgage too. Expand I’m a partner in the district very good place to indulge forgetting the dog park tii Quote
Cratter Posted July 15, 2022 Posted July 15, 2022 On 7/15/2022 at 1:52 AM, gfhockey said: I’m a partner in the district Expand Those slums? Its only got one pool! Quote
gfNDfan Posted July 15, 2022 Posted July 15, 2022 On 7/14/2022 at 12:47 PM, geaux_sioux said: Would you say it’s wise to buy a vastly overpriced dump that you can afford when there’s an incredibly inflated real estate bubble? Expand No but at least you would own SOMETHING instead of throwing your money away on rent for a "good time". We didn't buy a "DUMP" (fu) but it was an older house that we've invested in with a new 2 car garage, new windows, new roof, all kinds of things. It's about investment on every level but it will pay off for us in the end. There's a very small house on the next block to me - they're marketing it as a "Tiny House" - lol! They did a total remod inside and out. It has a 2 car garage that might actually be BIGGER than the house and they're asking $150,000! No takers yet but lots of lookers...but again at least you'd own something instead of nothing. Best of luck to the kids who want to live for today with all the amenities but no investment. THANK GOD Social Security will be around to take care of them in their.....nevermind Quote
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