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Home prices are not coming down fast.
Inventory remains low.
There's a big difference between housing cost per month, and affordable housing cost per month.
I've seen a lot of people say that housing prices won't go down until material price goes down, but I would have to disagree. Population growth is in decline, and the rate of new houses may out pace population growth. Regardless of material cost, supply and demand will drop the prices regardless how much people paid to have them built.
I’m cool with those investors buying and raised residential homes going belly up ,
I was lucky to qualify for a self-help home building program in 2015. We all pitched in to build 5 houses in our neighborhood. It was the toughest 2 years of my life but so worth it to have a home I can afford for myself & kids. If I sell, it will be at an affordable price for another family who needs a home.
Keep it simple & don’t be greedy.
so yes buy a house in 2024 or no?
it's all going as planned! nothing to see here, You will own nothing and like it you will live in the new "Smart Cities" so they can CONTROL everything you watch say and do… all Just my opinion but look at who is buying up land and farms What would I know
I own my house and pay the government 540 dollars a month to rent it . Insurance not included.
I own my house and pay the government 540 dollars a month to rent it . Insurance not included.
No. Morgan Stanley isn't panicking. They know the government will bail them out. There is no risk for them
This would be great for me. My house is paid off. My taxed value will drop cutting my property taxes. If you're renting. Get ready to buy a foreclosure! I paid 68k for my house (foreclosure )It's worth over 440k . Be patient and remember this saying "buy low sell high".
I cant wait for the housing market to crash. Prices of materials for building will fall and get these interest rates to go down for people to be able to build. I will never rent and I'm just saving to build a home. I've already acquired land and now its just a waiting game. For those who built to sell here in the past 3 years, they will suffer the most. They wont be able to sell and then would end up losing the house or would have to declare bankruptcy. Im building my forever home and will not sell.
AABB is going to be HUGE!!!!!!
I agree with the first person on this list / homes are getting out of control with way way to expensive price tag,s . Its ridiculous people just can't afford that much money for a decent home ! 😢
RJ great stuff!!
Renting a house for $2300 in King County seems way off. People are paying that for apartments
My sister house went up in value and they are now paying $1000 extra a month just in taxes! 😬
For me even if I lost my job I would keep my house. Can’t get a 1 bed room apartment for my mortgage and I have a family of 4.
At worst I would rent it out and maybe get a loan on the equity if I had too.
I doubt even job loss will cause sales at this point.
Just really glad we bought our forever home we love 3 years ago when interest rates were below 3%.
November of 2020 I told my husband I don’t care what we buy but we have to buy something now. We closed on a duplex January 2021. 2.75% interest. I’m so happy we got it. This market looks tough 🥹
Home prices are 6x average incomes. That doesn't include all the massive credit card debt. Crash is coming.
I just had my offer excepted today on a house. Sold our home one month before Covid hit and rented. We, like so many, waited. We decided to buy because we believe the interest rates are going to be 15% and up. We will be paying the same amount as rent so it doesn’t matter to us much but we are settling for a smaller home but at least it is ours! We are hoping if the interest rates drop, then we can refinance but I don’t see that happening any time soon (just my opinion). Be safe everyone and hope for easier times.
Lol but what happens if their solution is to raise housing prices for lowered rates. People still can't save up for a down payment
You look like jeffery dahmer
Interest rates were artificially low, after the Great Recession, for far to long.
Current FHA rate 7.412%. Current 30-yr fixed 8.056%.
More homebuyers are backing out of purchases.
Speculating on real estate should be illegal. I’m fine with people flipping homes, but having multiple properties sitting empty is kind of disgusting.
The property taxes is honestly what is making people unable to afford their homes, they over inflate the value just to line their pockets, case in point you file homestead and overpay your taxes by $4k through lender, all they send you is a check back to you for under $600 wtf!🤬 The lender still keeps going up on your escrow because the counties are lying, trust me all those responsible your day will come.. I am so sick of this BS, get all the depend wearers out of office and make anyone who wants to be in any political office take a mental exam and personality test, only hire those of integrity, morality and compassion for their fellow man, the rest can disappear! Our grandparents and parents allowed all this💩, now its time to clean it up and out. Enough of the separation too, stop looking at people as freaking crayons and realize we are all one-humanity! WE ARE WHO WE'VE BEEN WAITING FOR! Much discrnment to you all.😊💛
It’s always a great time to buy a house.