저자: Kevin · 외국인
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솔트레이크시티 부동산 탐방 영상. 주택 중간가격이 2022년 고점 대비 하락 전환(2022 12월 대비 전년비 마이너스)했고 패닉 가능성 언급. 1909년·1911년 주택 매물 점검, 목재 부패·배관·지하실 문제 등 체크포인트 제시. 주변 환경(캠핑카·폐차 방치 지역)은 투자 부적합 판단. 특정 자산 가격 방향 예측 발언 없음(부동산 시장 관찰 위주).
다듬은 글
I don't like this place. Okay, let's go . A covered car, a broken window, a guy has a workshop in his garage, a filthy water heater sitting on its side. A camper van on an original driveway. Uh, a filthy old pickup truck on the lawn. Everyone has a pickup truck. And I have nothing against pickup trucks.
Okay, I love pickup trucks, but there are a lot of filthy ones and filthy camper vans , people park on the grass, it's just not where DIYers are going to invest. I'm sorry. You are you, there is no homogeneity. Yo, we've got our buddies here. Seriously, what the hell is this, man? It's just all this crap here.
I don't feel comfortable. I've never been so scared. We just landed in Salt Lake City. We're on the tarmac and getting ready to look for a property in Salt Lake. Don't forget that my goal is to visit around 200 cities this year to narrow the list down to about twenty. We will then reduce this list to four or five markets in which we will actually invest.
This has two advantages . First, we will choose the best cities for our needs. Secondly, we will prepare for a larger expansion , because even though we will start with three, four or five urban areas to invest in , we anticipate that eventually House Hack will extend its investments to the whole of the United States.
Thus, every move we make now is an investment in the future, to make this company the next Black Rock Invitation Homes. You see what you want. And we want it to be better and more efficient than them. So we are developing it from scratch. And we couldn't be more enthusiastic. If you would like to learn more and join this process, if you would like to invest with us, please visit househack.com to find out more.
This video is not a solicitation. Let's get down to business . Yes. It's like a GTA van on the tarmac. You take control of the airport . I'm kidding. We are law-abiding citizens here and we are going to look for real estate. Once we have narrowed our choice down to three or four markets, we should probably buy a cheap version of one of these vans and park it long-term near airports.
That way, each time we come, instead of paying, you know, $150 a day for rental, we might pay $300 a month for the car. So, that will be later, once we have chosen our markets and all that. But I think a used van like this one would probably be good. Mikey, do you want to drive? Uh, yes, sir. We need to pack up the vans.
It's like we missed our flight. We have Kevin on board. Yeah, that's true. Give me a good Uber rating. Yeah. Now some people are saying, "Hey Kevin, why not just use Zoom or sit on Zillow on a computer and work on real estate like on a spreadsheet?" "That's because it's not possible in real estate." Real estate is a people business.
You make money in real estate through the relationships you have not only with entrepreneurs and traders, but also with people who have businesses, whether they are wholesalers, business finders, real estate agents, it doesn't matter . It could even be real estate agents, it doesn't matter. You need to have connections.
If you don't meet people in person, if you stay seated at home in front of a computer, you won't make money in real estate. You need to get moving. That's what I want to do because I'm tired of sitting here. And he didn't turn on the air conditioning. It's hot. Guys, look. That's why it's hard being a YouTuber.
Okay, here's a video, thumbnail, title, video, ready to be broadcast. I now had to remember before the market closed to go here, change the visibility from private to public, and press Save. Oh, now it's published. And there you have it . Uh, let's get back to what I was doing. Oh, absolutely not. Oh, I love it.
Look at this. And look, we have our very first home hacking car magnet . Oh, in the last video , people got mad at me because Kevin was on his phone. It's like I'm trying to take notes, man. But again, I sometimes get the impression that people get upset no matter what . It looked like progress. So, what do we have here?
So, these are the median house prices. Median sold, median sold. So, this doesn't even take into account available assets. So, the statistics are actually worse than that because, as you know, the assets have not yet been sold . They are not included in the statistics. What amazes me is that the National Association of Realtors takes about 3 months to publish the data, doesn't it?
So, you said it was until November . That's correct. And you've already looked at the December figures, haven't you ? Yeah. I've already looked at the December figures and they're at 520. So we can see here that it went from 516 to 590. That's the average price over 6 months. And then, just as quickly as it rose, it fell.
So we have already lost almost all of the gains from 2022. And here we are, 520 nibbling away at the gains. December was therefore the first month in which we were negative year-on-year. Oh, it's starting to happen again and again, year after year. I think there's a chance that between February and May you'll see the national media having a field day with this idea of a negative year .
We haven't seen this since the Great Recession, you know, and then the panic. Exactly. The panic itself will cause the market to crash. Exactly. And it's not even in the media. So, that's it, that's it, that's 2020. So, that's just at the beginning, just before the lockdowns and all that. 360. Look at this explosion.
And look at the explosion. And then look at the decline right there. That's what I always get feedback on. People say that after all that increase, it's only a little bit down. It's a trend. This is a huge trend in this case . This is a huge trend. Yeah. So , uh, okay. Where are we ? We are in the avenues of Salt Lake City.
That's correct. And you said it was quite close to the city centre. It's close to the university. Yeah. So it's close to downtown and the University of Utah. So when I went to the University of Utah, I had a lot of friends that we hung out with. Oh, that's great. I had many friends who lived here and they shared rooms, individual houses.
It's a good location for people who work downtown, those who go to the University of Utah, and those who just want to be close to all the restaurants, bars, nightlife, etc. It looks like the 1920s. Yeah. What are its characteristics ? And if it dates from the 1920s, we had either two and ones , or three and ones, and later four and two.
Yeah. So, what do we have here? So, this one is going to be a three and a one. So, that's a quarter. So, it's a... Someone added a weird sink somewhere. I mean, yeah. But, I mean , I mean, there's a shower. I consider that to be a complete shower. They here consider it to be a third party. So if it doesn't have a bathtub, but a shower, for whatever reason they don't consider it a complete bathroom, but Oh, of course.
I mean, as long as you can take a full shower. So, 1909. Yeah. So, this one is from 1909. So , the initial price of this house was $650,000 67 days ago. It is now listed at $600,000, a discount of nearly 10%. We are sitting on a total area of 1.5 square meters, including an 800-square-foot basement built in 1909.
Let's take a look at that. Wow. All right. So, obviously, well , I guess the basement is because when I walk in there immediately I think of raised foundations, but it's because we have a basement underneath. So, underneath, we will have concrete. All right. Alright. And you're going to have the majority of houses here, at least the crawl space , but uh, but they're all going to have a basement.
And and I can smell, you know, cigarette smoke in this one. Um, the hardest thing to get rid of in a property is cigarette smoke, which is kind of sad because the kitchen is actually quite nice. This one is rather pretty. They went all the way up to the ceiling with the cabinets. It's more expensive to go all the way to the ceiling.
So you have hardwood floors. These are almost like 3 inches ochre or something like that. Uh, it looks like an addition. So you can see the difference at the ceiling and then you have the slats here. Well, they made it a bit more functional. They probably enlarged the kitchen considerably. That's probably true.
It's probably much more fragmented. So, uh, what do you have in terms of gardens here in Utah and what is normal? Oh my God. So, in the avenues and a little closer to the city center, you have a view, man. Yeah. Yeah. I mean, look at this. So, you're going to have views from many properties. Um, and of course, views are worth money because you can't move a view, right?
Yeah. So, uh, are there any conditions for people who build here, any limitations on that? So, yeah. So, so there is a history, uh, oh, in this, in this sector, in this sector. Yeah. So, so we would need to get approval before we could do certain things and things like that. Uh, but yeah, as you can see, I mean, look at the city center.
I mean, how long does it take you to get to the city center by car? What's there from here? Well, no. From here, it will perhaps be about 10 minutes, maybe less. 10 minutes. All right. I mean, you'd probably be about 78 minutes from downtown from here. How does it work with Airbnb here? Uh, they're good.
I mean, there's a lot of skiing here. There's a lot of tourism in winter and all that. So, people do a lot of Airbnb here, but Airbnb hasn't been doing too well lately . Did you notice that? Yeah. All right. Interesting. Yeah. So, huh . Yeah. So, based on some of the research I've done, it would seem that they are not doing very well.
That makes sense. Well, that's also what I personally like, but we see a lot of it rotting away here. Well, in the end, you could see the rotten ends. Uh, all the wood here is for the deck. I saw that at the front of the house too. So, there probably hasn't been any work done against termites for a while.
Generally, you hire a termite control company; they deal with both fungi and termites. Do you have termites here? So, actually, it's a good thing, uh, as far as the stability of a house here is concerned, it survives. There isn't much humidity. Um, we don't really have termites and things that other people have a lot of termites.
All right. Rotten , but no. Yeah. I mean, he's 100 years old. It also looks like at one point they had a bunch of vines running up the side of the building. It's a perfect way to rot all your wood. Yes. What is the typical buyer doing here? Um, are you talking about the job market? Yeah. So it really depends on where you live and where you work.
But there's a lot of technology here. It's a bit like Silicon Valley, but it's called the Silicon Slopes here. So, many Californian companies are setting up shop in the valley. So, Lehi, uh, it's going to be right where the mountaintop is where Salt Lake and Utah counties meet. So, is Utah going towards Park City or the other way around?
So, Utah County is going to be where Provo is located. So, but Provo is sort of on the border of Utah County. Understood. And Lehi is closer to the Salt Lake Valley, right here. And these used to be fields of corn. I remember in elementary school we went there on a school trip and it was like a maze of cornfields, and now when we go there there are all these tech companies and offices and all that.
So it's called Silicon Slopes, and we're trying to become the next Silicon Valley, I suppose. Oh yes, of course. Yeah. Um, who is this? It's a SoFi, I'm pretty sure financial technology companies come to Utah because it's the state where it's easiest to get a banking license. It's really incredible because it will attract finance here compared to another region that is very involved in banking technology, Spokane, Washington, but I think Utah has an advantage because of the banking licenses that are here.
That's really interesting. Yes, it really is a great state to work in. That's great. Where do you see people moving? Where do people go when they leave? Ironically, California. Or you see people go to California, but they come back. Then they come back because they can't afford it. Oh, man. Old wood.
Oh, yeah. I mean, it's pretty nice. People are getting angry at me, but I can't wait to paint it white. Now, is it...Yeah, it would have been finished originally because I see, I mean, the windows are a little weird. You have moisture damage coming in through the window. You have these original doors , don't you?
The only thing it could have been is an attic that they may have converted into a living room, but I mean , it looks like an old-style room . He's been here for a while now . Yeah, that's what I'm wondering, if it was an attic before, because where that staircase is a bit weird. Um, and um, it's a bit weird with the windows.
Yeah, it's so interesting. I really wonder if this second floor was ever there in the first place . You'll see that, uh, you'll see that in this area. Do you know how much the rents would cost ? Yeah. So, I did indeed get that for this one. That's about right... I did a comparative analysis on it, but it's around 2,700 to 3,000 depending on what you do with the house, isn't it?
Wow. The basement. Yeah. Let's see. That's why I wanted to show you this, because you'll find a lot of this weird side to it. So you can see part of the structure of the house. There should be a light somewhere. Yeah. The water heater is here. Oh, they all have their collectors here. Oh, they redid the plumbing throughout the whole house.
That's great. You see, that's actually what I like to see, that everything is equipped with collectors. It's a bit messy, but that's good because you have new PEX copper plumbing. You still have PEX here. You have the... Yeah. And they have the expansion tank. So, yeah, it's definitely as you said, it's brand new.
They have done more recent work. You know what? The thing is, from now on , if the plumbing hasn't been redone, we'll just put in the expansion vessel and act as if it has. Yeah. Um, are the pipes originally made of iron or are they... That's what we're looking at, for sure. They didn't put them there.
So, often it would be... Yeah, the drains. You should know if they are made of iron or not, because to replace them it's like... Yeah, we make lateral sewer pipes. In fact, I generally recommend running a camera along the pipe when making purchases. You might see it. Go out into the street. Yeah, because you're right.
I mean, if your cast iron drains under a house have disappeared, you have to dig out the concrete with a jackhammer. I did it . Yeah. All right. Where is your room? I'm looking for the cupboard under the stairs. Oh, and one more thing about the basement, you can always consider the living space. I know that some states do not allow it to be counted.
In Utah, the only requirement for a house to be considered a room is that it has a window and a closet. She doesn't have a closet. I can't even get out through that window. Yeah. Sometimes people think it has a window. So, technically, if you put a closet here, you can technically call it a room. Wow.
And you'll see better and you'll see better basements. And it reminds me of Detroit. They found the video of me in Detroit with Graham. It was fun. Looking at this yard and fence, I just think about upkeep, costs, maintenance, rot, and there's one thing you can't fix in a house, and that's the layout.
I can manage all of that, but this one has a basic layout. Look at this. It's a flip or someone spent a lot of money renovating this thing. It's truly magnificent. And so, one thing I like is that I want to find that old kerosene house next to lots of houses that look like that. I mean, a beautiful door, LED lighting.
You have light tiling at the front. You have new windows. You have this magnificent converted attic with these three windows here. I don't know if it's functional, but damn, it makes the exterior look incredible. And given that they did that, and given that it's a single-story house, and given that it's a single-story house, and given that there's only one loft, and given that it's certainly a two-story house that was added, I'm going to say that it was probably a second story added as well.
What we just did. This makes sense with the funky floor plan we saw. So, if I could see more things like this near the place where we want to shop. Gorgeous. That's exactly what you don't want to buy, but you want to buy on the side. Great. I adore. What's wrong , Joe? What do the figures tell us? Let's do the calculations.
Joe does our calculations. The numbers say that this is not the house we need. Yes. Mikey, tell the whole world about this exclusive watch you have. Oh, that exclusive watch. Okay, fine . Unprecedented. Be careful with that. I don't want to break it. I got that from the internet. I forgot the website.
It was Amazon.com. It cost me $40. That's great. Okay, let's go. Let's move on to the next one. Here is one of the participants in our course who joined us for Kevin's observation experience. You too can join us by registering via the link below. Follow me for a day as I explore real estate and you'll see exactly what I'm looking for in real estate.
See the link in the description below. You will learn all about the places to meet. You're getting on the plane with me. We are going to a destination for real estate. We meet with agents. We are learning more about real estate. We hang out together. We are discussing. I'm answering the questions. If you want to make video clips, TikToks, short Q&A sessions, or anything else, I'm here to help.
I am so glad we had the opportunity to have a member of the class with us today. We have many more shadows to come and we are delighted to invite you. So, check out the link below. See you soon. You said you were in the shower listening to the live stream from the course members. So what I usually do is have you listen to me while you're in the shower.
I try to be as productive as possible. I love it... Christian asks a question about wood rot. The wood rot in this house had a lot of it, and if it's a small amount of rot, you can carve it out a bit like a tooth decay. You drill through it, you sculpt it, then you fill it with putty, right? And then you sand it and paint it.
However, there was so much rot there . You're probably replacing a lot of wood. Uh, so that's definitely what's happening there. The most important thing, I mean the first 5 seconds, is usually based on the floor plan, you know, whether it's something that has potential or not. That one was a doctored floor plan.
The staircase was added later. Um, it was designed to give the impression that it had been there since it was built . Uh, but you could also see it going up the stairs, it's the weirdest landing I've ever seen in my life for a staircase. So, it was a good example of what not to buy. Even though it's good, it's also a cigarette shop, which is like impossible to fix, but it's a good example of what not to buy because people might look at it and say, " Oh, it needs fixing." It's been on the market for a while.
" Yeah. This time, there's a reason. Yeah. Now we have moved to the lower avenues just above Wildwood. We are near the Salt Lake City Cemetery trail and on the other side, we are near the capital of the state of Utah. Okay, that already looks very good. The wood is in very good condition. The Epay-style wood they have on the roof of your terrace here.
Gorgeous. This would be a great place to hang out and sit. Um, you know, I don't know what I think about the rainbow house. She's pretty cool, but she's also pretty. The black and white one right there. Uh, okay . I mean, the houses aren't like if you looked at the street and all the houses on the street have been renovated.
This one looks like it's one of the most renovated. Usually, I want to be like the worst house on the best street. It's good to know the areas, though. So , it's also a bit crowded and if I had children, I would never let them out. This property, which was listed at $820,000, has been significantly reduced, from $140,000 to $680 .
It has been on the market for about 6 months. They followed the market down. If they had set the right price 6 months ago, it would have been sold a long time ago. But no, they wanted to set the price based on older comparables, so they followed the market downwards. That is why, in a declining market , whatever market you are in, but especially in a declining market, you need to do something called getting ahead of the running deer.
So, if comparable properties are currently at 6, you set the price at $575. That's getting ahead of the deer that's running, running straight ahead , isn't it? You don't do, oh , it's at 6, let me try 619 and leave some room for negotiation. That's exactly how you shouldn't sell. So, uh, you're looking at a total of 2,669 square feet.
69. Uh 444T basement built in 1911. Also a busy two-story road. We will see some of these two floors. You see, it's just one floor. Some of them, I'm almost certain, are mainly attics that people end up converting into basements. So you're saying it's a bit more of a desirable neighborhood? The lower avenues.
Well, no. So all avenues, all avenues are truly desirable. So, you don't know if something is cheap and it's a house that needs renovation, it skyrockets. Generally, unless the floor plan is zero. Yeah. Unless the floor plan is like that one or it's too expensive, like Exactly. Yeah. The median income here right now is $6,688.
The median selling price is... Well, no. Yeah. So, right now, at the end of the fourth quarter, if the price had been set at its highest 6 months ago, the average price would have been closer to 800 instead of 700. Wow. Yeah. Yeah. So they call it a five- bedroom, two-bathroom, office, car, very deep garage, plus space to park an additional vehicle on the street.
Let's just hope you don't get killed when people are driving at 65 km/h. All right. Oh, it's near the LDS hospital. I own and have owned properties near hospitals, and I always have nurses and doctors. They always pay. They always pay. Now, you cannot discriminate based on profession. I'm just making an observation here.
All right. YouTube. They're just making good money, I guess. Don't demonetize me, man. Yeah. I mean , it helps. You know, if you earn a lot of money, it's easier to pay your bills when you earn more money. Electricity. You don't have natural gas here, though? Yeah. And it's interesting to see how they routed the conduit inside.
It's not...What? Why did the sophists fall like that? I wonder about that. It's very interesting what they did here because you have wood which suggests they added this seat with these vents because no other house has done it. I think they added that. So they built an extension and then they went around the whole house with it .
Why did they run the electricity here? So they're block houses then? Yeah. So I mean, they wanted to add electricity. They moved the kitchen rather than drilling through the entire brickwork to run their pipe. They just dropped the pipe right here like that. It's... Yeah. Because this one was built in 1911.
Yeah. Yeah. Yeah. So it's one block outside. All right. Alright . Wow. And you said they added that on top of it. Oh yeah , it looks like they have a laundry room. That's a good idea. You see, it's not a bad addition. It's good...Yeah, it's good. Oh, and it's a lovely garden. There is a lot of mix here, where you have apartment buildings, duplexes, triplexes and detached houses.
So you'll have more duplexes. Uh, because sometimes they convert them into duplexes. Oh, they will take those originals because sometimes you will have a habitable basement and then what they will do is they will create a separate entrance and then you will have... and sometimes they don't really call them duplexes.
It will just be a single-family home, but two families because the law allows it with a guest unit or something. Yeah. Because you can have two families living together and still follow the guidelines. Now, generally, when you look at single-family neighborhoods, you want to stick to a single- family home.
As soon as you start having duplexes and triplexes, it tends to lower the value of your neighborhood. So, it's quite interesting to see some of these neighborhoods here. Uh, but okay, we're starting to get an idea of the options. So, good. Okay , great. Let's continue with my ankle boots. They made us put on ankle boots.
Oh, yeah. Another staircase added. Oh, yeah. Stepro, here I am. Yeah, it's much better because you have functional rooms here, but as you said earlier, they have the closet. They threw out the new carpet. I wish there had been mold instead. Business. Oh, it's actually quite nice. So personally, I would just want to make sure they got the permits for this kind of thing, but I don't think you would say it's not that serious here to allow this kind of thing.
And it seems they did things reasonably well. So, uh, if I could find someone who made this kind of legal addition, but which dates back about 20 years. Oh, that's how it's done. Someone else is taking care of all the building's mess. Then it becomes outdated and something that needs fixing, and we get full legality and are protected by the old rule.
Oh, that's great. How's it going, John? I have an unobstructed view of the vineyard . I believe this is a vineyard, isn't it? You're right. It's IKEA , man. Oh my God. These were the first bathroom furniture pieces I ever bought . My bathrooms were too small to have two side by side, so I got the single unit.
But it comes straight from IKEA and I assembled them myself. I will never forget that. That's so cool. Actually, I'm a big IKEA fan. People say, "Oh, IKEA stuff is cheap." "I can tell you that some of the IKEA stuff I have is the most durable there is." This might be a bad sign for the other things I buy.
But, uh, it's nice. They have cutouts for the plumbing drain. That's quite normal. That's awesome, man. I like these people. These people are cool. I won't buy their property, but I like what they've done. Is that just another room over there, Joe? It's fascinating. You see, it's as if all the rooms were upstairs.
They have very nice views of this house. Yeah, it's great. It's good. Do you see? Do you see? It's as if it were a functional surface. You have the vintage feel of old houses, but you have a functional space here. They added double-glazed windows . I think they did things rather well . Again, something like this with this floor plan is much better.
Now you all have double glazing, but not sometimes, when you enter certain areas, you start to see that they have also put storm windows in front, so you have almost three panes of glass. I don't know if the weather can be too bad here, huh? For example, it's very cold. It's not like in the Midwest and the East.
Yeah. So, consider that it's mild. Okay , that makes sense. GOOD. Do people have trees here? Um, are the holes okay? Yeah, they're isolated. There isn't really any frost where there are sub-zero temperatures. Okay then. We don't really pay attention to it. Uh, we don't really deal with power losses due to snow or that sort of thing.
So, less maintenance is better. Yeah. I'm going to end up getting electrocuted. I don't think I can. It's good. That looks good. No. Uh, what's interesting is that you don't have, uh, no 40 amps. That's the case. This is the sign for the entire property. There is no main disconnect switch. It worries me a bit that this thing isn't allowed.
Usually there is a main disconnect switch, but this could be a sub-panel, but even a sub-panel should have a main one. And you have this one stuck here. Oh, there's more. But wait, Mikey, I've found your... Oh, look what I have for you. The cupboard with the room. Except I'm stuck. Oh, no. Let me help you.
Oh man , it's tight. Oh, good. We can see bones here. It looks really good. Uh, I would say that the electricity is stapled properly. It looks like it's stapled about every 3 feet . All right. It depends on the codes in force here. You have the floor ventilation attached here. The heating. You have ABS plumbing right above me, like drain plumbing.
You have a new heating, ventilation and air conditioning system. Uh yeah , you've got new ducts, new ducts, a new heating, ventilation and air conditioning system. Yeah, this one's bones are good. Heating, ducts, plumbing, electricity . Everything I saw has been replaced. Obviously, I can't see the drains, but I suspected upstairs that those people did a very good job.
And so far, everything I've seen is actually quite impressive. So, this is the kind of house I would feel really comfortable buying. Either you negotiate very low and create a gap, or you find something like that which is just a little older. But even an expired ad can be a ditch deal if you get a good bargain.
But I approve of the work they've done here in most of the places I've looked, compared to the last one which is a disaster. But that's good. So he was saying that all of this is developed. We are here. We're right next to the city center, you know. The city center. Yeah. Uh, you can't build here. So you need to renovate either here or there.
So there are going to be some nice little requirements. I like the fact that there's a geographical rebound, don't you? If you buy near the beaches, there is a limit to what you can build. If you buy in a valley, there is a limit. So we 're here, and where are the new developments? In which areas? Everything this way .
Oh, everything this way. Extremely far. So there's a little bit of it here. Just a tiny bit. Most of the Salt Lake Valley is built up. It therefore spills over here into Tilla County. Many people when I went to school didn't even know that this existed. A large part of it spills over here, and this is where Lehi, the technology center, is located , and this is where Provo is located.
The city is therefore built along this line, which is why it is called the Wasatch Front. These are the Was Mountains. So this is the Wasatch Front and the Salt Lake Valley is almost entirely built up, except for this area. And they can't even build too close to the Western mountains because of Kennot, the world's largest man-made mine.
Oh, there's a copper mine. Oh, great. All right. I wonder when it will be exhausted, because they will eventually build it when it is exhausted. 20 38. Oh, okay. Don't worry about it. Okay , that's the answer. You had the answer. I adore. Well done. THANKS. Okay, so this is your original two-in-one.
Yeah. So it's an Oh, the original cupboards from the early 1900s. These are the cupboards you had in the early 1900s. What's crazy is that people want this as an improvement today in new house constructions. You want drawers that you can't open because they're painted and closed. That one is painted and closed, or they nailed it shut.
But anyway, uh, all that old kind of wood and cabinets, that's what we do today with the world of closets and such. And it's incredible because in the 1920s, this kind of thing was standard. Um, you almost always had cupboards above your cupboard. Really great. So they kept it. So this is your original two-in-one .
And upstairs, there's the big one. Yeah, it's great. Oh, it was a three-in-one. Oh, hey. Even better. So, this one was...So, yeah. So, there are three at the top, two at the bottom. Was there another one ? We have this guided tour, I suppose. I think they call it the office because it's a guided tour.
Yeah. But you could see that it was original too, with those rounded cabinets. They are no longer found today. Um, so people love this vintage stuff. Yeah. Oh, yeah. Look, they did it. I think they did a good job with the layout. Um, I really like it. I don't like the street. I wouldn't buy it on the street, but it's a great building.
Well, as long as I expect it to be allowed because I think they did a good job from what I've seen. And even something like that, even if it's not malicious, you could play the timing and start making cash offers, couldn't you? You might find someone at the perfect time where you could get it as a corner deal and have almost no work to do.
Yeah. All right. Nobody slips or dies. You are not covered by my workers' compensation. Yeah. Hi, Kevin. So, this property is on a busy street. At what price would you accept it being located on a busy street? Yeah, I would probably never buy a property on a busy street unless I was going to resell it.
And of course, with a resale, I should take into account the price I pay, because I will sell it for less. But with a tenant, the type of tenant who, in my opinion, is willing to live on a busy street is not the type of tenant who will stay as long as I would like. I think I have a better chance of getting a turnover, because even someone who thinks a busy street won't be a problem will eventually realize that when friends, neighbors, children come over, [] they have children, it's not practical.
And they will eventually move to a less busy street, because it's simply too dangerous. Even if McKay tries to get into the car. He's trying not to die and he doesn't even live here. We only went there once. We need McKay alive. The streets are so busy, no thanks. You really need to understand the zones.
This is the hardest part , because the neighborhoods, especially the older ones, change from street to street. So, before I even venture down one of these streets, for example, I should probably come here at least four or five times, just in this area, right? I'm not talking about visiting SLC four or five times, am I?
This neighborhood, isn't it ? I really want to see these trends. And then, even before embarking on a purchase, one must observe the markets. So you think to yourself, "OK, I've seen this house. How long did it take for her to sell? Oh, that's a new one. Oh, that one looks like it's at a good price.
Does it sell immediately? Therefore, properties in good neighborhoods sell immediately. When they start to remain on sale, that's also a warning sign. What does the local market think? Either it's too expensive, or the neighborhood simply isn't very posh. Oh, yeah. Yeah. Yeah. So you're thinking that if it should be a good deal, but it doesn't sell or ticks all the boxes, how long does it take?
Hours. Hours. The good deals go very quickly. So what you want is to build those relationships and that network of agents so you don't just sit there trying to react to everything. You either receive a ping from your application, or texts and calls from your agents who tell you: "Good deal, here we go .
Good deal, let's go. " I'm going to make a FaceTime visit, like I'm going to do everything you need, Kevin." Let's go. It's good. That's what we want. "So, we are building relationships with neighborhood officers, but not just with the officers who represent us. We also want to meet with the registering officers in the neighborhoods.
So, when they see an offer from Kevin, they think, 'I know this is going to be good.'" "They feel comfortable going to their seller and saying, "This guy will close the deal." “The most important thing is that there has to be a reason for people to come to the area. We do n't want bankrupt cities. So we're looking for jobs.
We're looking at the geographical constraints. Is it an area where people can just build a new neighborhood and everyone wants to move to? Location, geographical boundaries, is of paramount importance. As far as individual neighborhoods are concerned, I'm looking for what are called hot neighborhoods .
So, hot means that if every house in a city sells on average in, say, 30 days, houses in hot neighborhoods sell on average in 15 days, for example. Right? So, you 're looking for those hot neighborhoods. So , that's the first city, and then focusing on the hottest neighborhoods , then we want the worst house on the best street.
Oh, oops. That's actually the other one. I was going to the wrong house. I was doing the whole speech. I was on The point of going into the wrong one. Wrong house. Get shot. Yeah. Yeah. Stop. It's cute. These are 1950s houses. Built in 1942, now mid-century. So, generally, starting in the 1940s, we started to have a few more houses with two, three, or four bathrooms.
I see a lot of single-story houses here, which also indicates that people didn't need to go upstairs, especially since most of these houses seem to have basements. In fact, you have a slightly larger yard where it seems most of these houses have a single garage with a one-car driveway. That's pretty typical of the 1940s, mid- century.
Although starting in the mid- to late 1950s, we had a lot more two-car garages. This is a property that was originally listed for $675,000. Now at $635,000, it's on The market for 69 days minus one. And it's 2,235 square feet minus an 89-square-foot basement, which leaves you with about 14 upstairs.
And it looks like there are about two bedrooms upstairs, one in the basement. So , three and two. So, it's an unofficial one. It's, you know, those towns that aren't official. It's not really a suburb. Like, you're not. You can make it appear, but it's not on your address. It's not like 1123 Sugar House, you know, whatever.
Got it. So, it's a...Yeah, I have an address in Salt Lake City, basically, but it's considered Sugar House, but it's considered Sugar House. So, uh, the way it's spread out is you have Interstate 80. Yeah. So there's a smaller section of Sugar House that's The other side, but it's not as expensive as Sugar House.
That's right. So the further east you go , the more expensive the real estate becomes because of the scenery. And then, of course, the closer you get to downtown. So, when the upper avenues with those views are more expensive. And then further east. That's right. So the east. Yeah. So, when you go east, you go into the Wasatch Mountains.
Cottonwood Canyon is going to be right here, in the middle of the mountain. So, you're literally here from this spot, you're probably 14 to 20 minutes from downtown. Uh, you 're probably another 10 minutes from the University of Utah, the University of Utah Hospital, the Cancer Center, the Huntsman Cancer Institute, and then you're also about 20 minutes from the ski resorts.
Salt. Maybe a little long. Yeah, Salt. Oh, that's the first place Where everyone skied, it was SU. So, what do we have here? We have, uh ... Yeah, it's your good old three and two. Okay, you've got the double-glazed windows. I see. I love that. It's great. It's a good sign, isn't it? Like having curtains.
What's that ? Oh, here's an addition for you. So, you see. The pitched roof here. That was added. So, they added a little family room here. A little odd cutout here, but I see why they did it. So, they always had seating here. You can see on the floor where the edges... Oh, yeah. There. Yeah, you can see that the original part of the house was laid out differently from the added part of the house.
Oh, there are still the pink tiles. You see that? I love that. It's like Grandma's house. I feel like this part of the property leans that way. Uh, those are the original cabinets here too, you know, you have to prop them up, straighten them. Uh, it's not too hard to do, but it's something to do. It's going to put some buyers off.
It's a little weird. There's some old, rotten wood there, uh, inside. A weird little hallway here. Oh, yeah. You have a hallway to a bedroom. Uh, it's just... Another bedroom, not a master bedroom, but it's all part of the extension here. Uh, this is the kind of house I'd suspect they 're pros. I was going to say this kind of house would maybe have upgraded utilities.
They still have the original electrical panel, and if it was an elderly person living here, it's unlikely they would have redone the electrical system except for what was in the extension. Uh, they have Double-glazed windows , but you have to have them here. Uh, a little colder. Uh, okay. Let's take a look at the kitchen then.
Let's see. Okay. A little weird, but that's what you get . You get with extensions. You always get a little bit of funk. Man, there are so many walls in this place. A functional space, though. I mean, they tried, you know, they tried to make some improvements. Heating, some copper pipes, at least up to the water heater.
A tip, by the way, is that you'll see copper plumbing that goes into the heating. That doesn't mean the house has been redone. Just the part you saw could have been redone. Oh, they have another bathroom here. I was trying to talk to you from the other side. Oh, yeah. You were. Oh, that's interesting.
This door has to stay open for air circulation. Thank you. Management. It's an Airbnb or a room rental. It's an LLC selling it. Lots of add-ons. LC is selling this LLC. What? An LLC is selling. So, an investor. Oh, yeah. Yeah. Yeah. Yeah. You know, it almost makes sense that you could just rent out different compartments of it.
Yeah. So, you're going to... And that's what I mean. Starting roughly with the... Oh, because you're still close to the university. Yeah. You're against... you're closer to the university, and you'll have basements in most houses, and they look a lot better in the newer ones. You know, what we need to do is test the...
The plumbing. Yeah, the plumbing, the plumbing works. Always check before you go to the bathroom that the plumbing in a vacant property works and that the toilet flushes. And if you want to do number two, it doesn't . But check that there's toilet paper Toilet. That's why you always put toilet paper in a property you're selling.
Okay, I'm going to pee. Hey, good news. The plumbing works. Very quiet. I like that. That's good. So, generally, a trick to try and figure out where something has an addition is to look for differences in visibility or something like a slickle or whatever. Clearly, you can see here they have vertical siding for both additions.
Here, they have horizontal siding. That was easy . Sometimes what people do is they do an addition, then they wrap the whole house in new siding and then they try to trick you. But, uh, yeah, all of that would be the new part here. So, I'm wondering if they're still using that panel because it's old.
Yeah, there's your... there's your main. Uh, but, uh, maybe the sub-panel inside the house is just where they redirected everything or Maybe it's also possible that because of the weather here, they initially installed panels inside the house and you later installed your fuses. Although it's a...it's...outside.
That way, maybe we could knock on doors or do some marketing for some houses that people really like . So, further down. Alright, let's go , man. After you. I'd like a really large black coffee. Black coffee. Yeah, you always have coffee. Coffee or ice? Coffee. You got coffee? Sounds good. Nice. We need to explore, man.
Tell me about the neighborhood, man. You know, the newer houses. We had one just up the street that sold for about $1.7 million. A few blocks away, it was a little over a million. I wasn't sure about the square footage. It was a new renovation, too, so that definitely added to the property's value, but it was a really good sale .
Uh, it's one, and you live near here. I live right next door. I have a 100-year-old house. It's amazing with my parents. Well, how does it compare to the avenues? Uh, honestly, I prefer this neighborhood in terms of square footage. Property values . The avenue is probably a little higher. You said 15th and 15th.
That's this intersection. Yes. Because I just zoomed out a little on the map. There are very few businesses around here. It's just you guys on this little corner. Everything else is just houses. It's pretty cool, actually. Yeah. How did they pull that off? Yes. Yeah. It's awesome. That was before my time.
Shout out to this place. Where are we right now? Sweetly gelato. Sweetly gelato. 15. Thanks for that. So, what is it? It's...Oh, it's that deli. I want to see the deli. It smells good in here. Now we're exploring Sugar House and trying to figure out what this place is all about. I really like these neighborhood stores because they're actually right in the middle of the neighborhood here.
It's remarkable. It's like you have your own little mini-downtown. Coffee, Einstein bagels, deli. There you go. It's great. It's exciting. It's cute. I'm looking around and I see the 1950s style here. Uh, you have the 1930s and 1940s style here. There's relatively little traffic. I see that most of these houses look incredibly well-maintained.
I don't really see any houses that need renovation on the street, at least not from what I've seen here. Uh, I don't see anything that's been upgraded a lot. I mean, some people have really nice windows , I see, or custom windows. They have windows Customized. Um, it looks beautiful with the shutters.
I like it so far. You can hear I-80. So, we're a little closer to I-80. We can hear it. Yeah. Well, I mean, another thing, too, is that there are just some houses that aren't going to be a good deal, right ? And most of the houses are going to be on-the-market transactions. So, what you do is you come down the street, you explore a little bit .
Okay, this side is quieter, but it's closer to I-80, the freeway, so it's noisier. Okay, you know, this side is maybe a little quieter away from the freeway. Alright, great. Um, now you know the neighborhood. You're starting to get a feel for it. Oh, is it a '50s style? Is it a ' 40s or '30s style? And then What happens is, all of a sudden, you get a call, hey, this street where we are.
Oh, I remember this street. Oh, there's a repairman coming tomorrow. Oh, you know, we're interested in this neighborhood. We already know it. We've been there. We kind of know what to look for based on the ones we're looking at. So, most of the things that are on the market aren't a good deal. It's just not going to be a good deal.
Uh, those are the things that come on the market and fly off the shelves. So, you have to act fast. Okay. So, this one is the one that's been renovated. Oh, good. So, oh, that's really good. Yeah . So, this is a flip house. And, uh, I like, you know, I'm shocked that in a flip house, they didn't put a base on it .
You know, it just screams to people walking into the house like Unfinished, isn't it? Like a pinball machine, basically. I don't like to criticize other people's work and all that, but it's like, you know, I mean, hey, maybe they have a GFCI, but you don't have tamper- proof outlets. You don't have a GFCI here.
You went with standard outlets and switches. I mean, that's fine. You didn't have to spend too much on the cabinets. Actually, I like the cabinets. They got the biggest cabinets. That's good. Uh, no poles, I noticed. So, how am I going to open this door? It's harder because I have to grip here kind of in the middle, right?
So, the poles, it's something, you know, some sellers are so eager to get things to market. They say, "Oh, we'll put the poles on later, you can choose them yourself." It's always the same Phrase: "Oh, we'll let the buyer customize them." Like, "No, you should have ." "Um, a nice high baseboard, though.
I love the single-panel door. It's an original single-panel door they just painted, but they added this closet door, I think. Yeah, it's a new one, uh, to go with the old single-panel style. Fine. Um, yeah, just a little closet there. So, it's good. I mean, overall, it looks like they didn't do a bad job.
They added a bunch of lights here. I don't even think the lights are on. So, what's that? What's that? Two-in-one lights in every room. And it's like 99-cent flooring. Well, you're out of the closet. A row of Stepro stairs. Wow. This is a new chapter for... I 'm happy For you. Doorbells thrown over there.
It's kind of weird. An old cast-iron bathtub. I love that stuff. So, no, no, no, it's not a big deal . Wrong. Fiberglass. The whole thing is a fiberglass enclosure, which is fine, but you can tell it's older. See that kind of disgusting clamping edge there? They could have easily cleaned it up. Now it looks disgusting.
The handle's yellowed, isn't it? Look at that. It looks like there's pee up there and poop in it. It's driving me crazy, man. If someone did that to my stone backsplash, they're fired. It's ridiculous . This backsplash came with this cabinet . And look at that knotty space. Well, it's kind of beveled, but it looks disgusting.
Or maybe they installed it upside down. I don't know No. But that's ridiculous. A bad cut to cut the outlet. What if we moved it? Oh, but we don't have enough wiring. Okay, so you go down to the crawl space, the basement, or the attic, you put in a junction box, you run a new cable, and you put it there .
It's simple. It's not that hard. It looks like a lot of work. It's not that hard. This plumbing here, wobbling like crazy. You see how there's no support for this blue water pipe coming out? Let's see if you see . You see that? That's how you get leaks. It's crazy. It's crazy. I hate flips. I'm sick of this place.
See your reaction here. Oh my god. Oh my god. What the hell is this mess? What's going on? No. No. I think what they did, okay , This is just my guess, but it's so weird. I'm guessing it's the sink's plumbing supply line that they just ran down the wall, then covered with drywall to make it disappear, and then put a quarter- round trim around it.
It's a joke. It's so bad I've never seen anything so lazy. And it's like they didn't even try to cover it up. Well, get me out of here. It's funny. It's funny. It's what you shouldn't do because that's it. I mean, it's a way of doing things . It's a way of covering up your plumbing cleaning. It's creative.
It's very creative. Okay. And one thing you'll notice here is they don't have as many of those water pumps in the basement. You find them a lot in the Midwest and places like that. The The water table isn't that high here. There are very few on the West Side that have pumps. What are the features of this place?
This one's from 1947, with a one-car garage. 1,800 square feet, two bedrooms upstairs, two bedrooms downstairs. It's been on the market for 29 days, a 675. There's a bigger one on the market that hasn't been renovated. It was a 635. They abandoned it; it's been on the market for about 100 days. Right?
And it's close to here. Yeah. Okay. Yeah. It's... Oh, they call this little thing a bedroom here. Okay. Wow. We have another bathroom. A huge bathroom. Wow. Yeah, this one looks brand new. Oh, wow. Oh my God. Yeah. So, this is where your systems are. Oh, they created this room of the bathroom because all this wood is brand new.
We still have some nice electrical components straight out of the box here. It's good. It's not a big deal to fix. Now, what 's interesting is... Oh, yeah. See, we still have the original electrical components. So you have a mix here. You have this fabric ROMX right there. And these are more like rubberized ROMXs.
The fabric ROMXs are kind of more like your original power structure . None of the cables are stapled. You see this loose mess? It's ridiculous. This kind of stuff drives me crazy. It should never pass inspection, which kind of implies they probably didn't get a single permit for it because it's... Come on, man.
Are you serious? Uh, the straps here for the... Oh, it's ridiculous. I mean , it's just not like that other house where you see a quality home. Even I don't think that's the code. Uh, I'm pretty sure you can't p as t'en sortir. They're like clothes dryers. They're even bad for tumble dryers. Honestly, you should never use this kind of corrugated cardboard, but it's much easier because they had to make the loop here.
But even the sealant they used around it is already starting to peel off. We can simply say that the quality of the finish is poor here. Well, that's why pinball machines have a bad reputation. I'm just complaining now. I'm just complaining. That's weird. And even the way this sophist comes down and blocks the window.
That's just weird . Weird. Yeah. Yeah. All these sophists they've added here are just bizarre. It's because you have plumbing, uh. which passes through there or the heating, ventilation and air conditioning system for the floor above. And they built this. It was probably an unfinished basement because everything I see here is fairly new.
Oh my God. They're using my light fixture. I bought it at Lowe's on sale for about $13.99. It's an LED. These are the best of all time. That's the best thing about that house. Rather than buying new contrasting house numbers, they just took some interior paint and repainted the house numbers brown, because they were white and so white on white that you couldn't see them.
So they just painted them brown, brown, in a sloppy way. I would like to introduce you to the best Uber driver in the world. It organizes my day, my emails, my life, my bills. Of all time. The hardest-working guy here. No one works harder than McKay. Attention. McKay. McKay. All right. The faster we are here.
The more time you have to drink a glass, the faster you are here. Charge. Imagine trying to play hockey here when you were a child. You have to wait all day. Yeah, you wait all day. All right. Course. No. That one. Oh, no. No. Good heavens. I almost killed everyone . I almost killed everyone. Oh. Oh, he's waiting for us.
Here we go. Here we go . Hey. Yes. It was the most anti-climatic scene. The cladding. Perfect. Oh, perfect. Do you see that one? I'll explain the layout to you a little. You almost ate it . That's cute. I think the foundations are a bit crooked, but it's not a big deal . All right. Yeah, the basement is over there.
Let's go see the basement very quickly. No ramp. Don't die. Oh, wow. The echo. Nice. That's really nice. Oh, yeah. So, you have a nice tiled floor here. The plumbing looks professional. The vanity unit looks nice. I don't know . They don't make medicine cabinets here, but they do have posts and ABS drains.
Nice. Alright. Okay, this is your laundry room. You see, look. It's... It's so... Much more professional. They even stapled the garden hose here. You cleaned up here instead of causing trouble. You know, of course, the painter painted it. I hate it when they do that, but they always do it. Uh, it looks a little better with the plumbing.
I always find it funny when we start joining materials, but you know, PEX doesn't really matter for that. You have your expansion tank, your water heater, your forest air conditioning unit . Look at this. They even fixed supports and screwed the PEX here. It's good. There are copper defects, but it's not that serious.
Cool. I like it. A slightly more professional job. The carpet is actually of good quality. A thicker underlay underneath. So, I suppose that's how we obtain values. We put a lot of coins at the bottom. What is this? It's like the ironing board. Ah. This is the main water pipe for the house. You can see that the main water pipe section is rusted here.
And that's it. The new section they may have redone from the main pipe to the house, which is cool. But that's where you would cut off the water to the house. This is your link connector. Oh, and he shouldn't be so cowardly . It should be much tighter. Oh dear. Yeah, I can tighten the screw by hand on their link connector.
They really did it last night. I mean , it's cute. You know, it's small, but these people cared. They staged it. Yeah, that's always the alternative when they put the ring around the light right there because it's just damaged drywall behind it. But at least they finished it. Okay, so it must be two in one here.
So we have a bathroom, two rooms. Okay, welcome to a two-in-one. One, two, one. Look at this. Simple. Oh yeah, they haven't really done much here. You have the old tiles here. That's it. OK. It's clean. It's pretty. Do you know what I would have done? A green or blue shower curtain just to add a little color or life here , because everything is such a sterile white, like you're going into an 80s madhouse.
Getting rid of this color shouldn't be allowed. You know , a little touch-up here would have been nice. A bit dusty. Replacing the hinges is an easy thing you could do, but uh yeah , otherwise. Very well, let's go. Cool. It's good. It was still Sugar House, wasn't it? Yes. Which street is it? Uh, it's the 17th.
OK. Yeah. The 15th and the 15th, that's where we ate. Oh my God, it's so slippery. Next time I wear sneakers to go to snowy places, you know , it's a shame. Just one driveway, you redid even just that part before, it probably costs around eight thousand dollars. That's a lot of money. So when the market hit rock bottom in 2011, that's when the entire MLS Wasach front hit rock bottom.
Wow. In the first year, therefore in 2012, it increased by 11 to 12%. Oh, that's good. And then over the first eight years, the entire MLS saw an increase of 94.5%. Almost every house in the entire territory was, I mean, about 40 miles from the city center. Wow. Almost doubled. And there are neighborhoods where they have increased by 102 to 108% in 8 years.
That's crazy. Like the first five houses, a pile of [ __ ] and junk on the side yards, camper vans on the side. This is a warning sign. Is there a homeowners' association here? You think there aren't any here? I bet 20 dollars there aren't any. Dude, this guy grows cabbage or squash in his garden. This fence has been destroyed.
It's not in a homeowners' association. It's rubbish. I wouldn't buy here. Already. Let's turn around. Let's go to the bar. No, I'm just kidding. Let's go outside. So another thing you see uh so far in the neighborhood is when you have a lot of trucks in a neighborhood uh sometimes, but not always uh you have a lot more working class and so potentially you could see a median income a little lower.
So , it's like the 90s, you said. Yeah. Alright . So, it will be the multif tri family. Oh, it's a three-level. Um, how much does it cost... We were just talking about that. So, this is a test. Alright. I've seen enough. I've seen enough. Humble. How much does this place cost? Hey, that's all. Yeah.
No, I know you guys. How much does it cost? It's still there, I think it was 465. I don't really like this neighborhood. That's interesting. Very well, let's go. Let's go . Check my notes for that. No. No. I don't really like this neighborhood. That's interesting. Very well, let's go. Let's go. Check my notes for that.
No. No. I don't like it. No. No. My notes. Yo, McKay, unblock this jerk, man. Thank you so much. We have to go. Shout out. Phone number, Instagram, everything. Go ahead. Hi, this is Thing Code, the real estate agent here in Utah. Follow me for all your real estate needs. D code the real estate agent on Instagram, YouTube.
Um, call me if you have any questions about real estate. 801-7922359 . I have all the data. Check out the YouTube channel to find out when to buy here in Utah, man. Thank you very much, man. That's great . Get in here. Mounted. You're going to drive. Mounted. Pass me the pass. I don't like this place.
Okay, let's go . Covered car. Broken car window . The guy has a shop in his garage. Filthy water heater lying on its side. Motorhome on an original driveway. Uh, dirty old pickup truck on the lawn. Everyone has a pickup truck. And I have nothing against pickup trucks, okay? I love pickup trucks, but there are a lot of bad ones and bad camper vans.
People park on the grass, it's simply not where DIY enthusiasts are going to invest. I'm sorry. Uh, another camper van. That's impossible. They have Jesus in front of them . They have a whole assembly. They're filthy old cars with a horrible driveway. I mean, it's just another broken window. They had to cover their entire car, including the front, because of all the broken glass.
Uh, that's the more industrial side. You could say it's like that closed veterinary clinic where people just park cars. It looks closed. There are goats there. So, you are next to the farms. I don't know if anything is homogeneous. They're like mobile homes or something. The motorhome park and mobile home manufacturers.
I don't know . Not everything here is homogeneous. Uh, that's not the case. to say: "Hey , I want to be here forever." "Here we have the big apartment complex." I don't know, man. Sorry. I'm [ __ ] on this hardcore stuff here. No, there's nothing I like here. Look, look at all of this. I mean, like, I get it.
Okay. Someone has to live here. That's fine. But you, you, you. There's no cohesion. Yeah, we got the homies here. What the hell is this, man? It's just all this [ __ ] here. I don't feel comfortable. I've never been so scared of a six. Get me out of here, man. I mean, look, these mobile homes are falling apart.
It's horrible. They're not even good mobile homes. Like, there's nothing wrong with a mobile home. This is a good one. This neighborhood looks ugly. It's a nice neighborhood. Well, like, but why would you buy Over there, while you're right next to it, huh? Again, there's no homogeneity. That's one thing.
Like, look, there will always be poorer areas, but your home's value will be capped when you're in mixed-use areas or diverse housing developments. There you go. You've seen things I like. And that was a perfect example of "I don't feel comfortable here." "Get me out of here." I understand. I just have a formula for house hacking, and this isn't it .
This is it. It's fine if you have bigger lots with ranches , horses, and stuff like that. But again, it's just kind of like, oh, let's build what's happening. It's kind of the opposite of what we saw in Gilbert. Gilbert was like a master plan, wasn't it? Here's the school. Here are the malls . Here are the houses and the different neighborhoods.
Beautiful. Really beautiful. What was this neighborhood called? This neighborhood. West Jordan is where we are, West Jordan. It was there. West Jordan. Salt Lake City. We learned a lot about Salt Lake in a very short time. We like the avenues, but we like even more. More Sugar House. 15th and 15th. Shout out to the Gelato and Espresso Place.
Shout out to the deli across the street. and to Einstein's. I wish you were more open. You had a broken window . I wanted to know why. I didn't know if it was a crime or an accident. I wanted to know, but I can't figure it out . Maybe someone can comment below and let me know. But after that good start, a very bad ending.
You understand why we didn't like it. We now know that when we come back, we'll have to focus more. Maybe we'll revisit the areas we like a little, then maybe test another area, and then another. And since we like some areas, we'll go to those. Since we don't like some areas, we'll cross them off. That way, we can narrow down our searches.
And it's a perfect spot for a house hack in the future. Great diversification on the part of
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