The most prestigious law school admissions discussion board in the world.
|
 |
 
|
Average 30 year mortgage rate now at 7.4%!!
Poast new message in this thread
Date: August 17th, 2023 2:28 PM Author: Maroon locus ceo https://www.bankrate.com
Anyone who locked in 3% or lower won the fucking lottery. |
 |
Date: August 17th, 2023 5:17 PM Author: Arousing Chapel Really proves that financial success is like 95% pure luck. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682661) |
|
Date: August 17th, 2023 5:19 PM Author: Heady Twinkling Multi-billionaire To be fair, HBS did a study of successful business ventures and found the #1 reason some business succeed vs fail is.... luck. It was rated higher than strategy, management team, capital, etc. Luck was #1. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682670) |
|
Date: August 17th, 2023 5:25 PM Author: Arousing Chapel how do you quantify strategy, capital, etc. Someone buying a home before a pandemic happened doesn't make them a successful businessman, it just means pure luck. why the hate bro? (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682697) |
|
Date: August 17th, 2023 5:27 PM Author: Heady Twinkling Multi-billionaire To be fair, are you legit retarded? FOB? (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682705) |
|
Date: August 17th, 2023 5:29 PM Author: Arousing Chapel so if someone locked in a better rate because they happened to be at the right place at the right time they are some sort of savvy businessman to you? fuck bro, no wonder u r posting on a law board.
there are people saving 50k+ a year over others simply because they bought pre pandemic. is that skill? |
|
Date: August 17th, 2023 5:31 PM Author: Heady Twinkling Multi-billionaire To be fair, I can't tell if retarded or flame. Bravo (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682715) |
|
Date: August 17th, 2023 5:33 PM Author: Arousing Chapel i think ur a fucking nigger (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682723) |
Date: August 17th, 2023 2:29 PM Author: Emerald mind-boggling heaven Prices gonna tank. It will balance out. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46681867) |
|
Date: August 17th, 2023 2:31 PM Author: Contagious Maize Range Hissy Fit this doesn't seem sustainable (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46681877) |
|
Date: August 17th, 2023 2:32 PM Author: sticky sanctuary (millennial who's only lived in an abnormally low rate environment) (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46681883) |
|
Date: August 17th, 2023 2:33 PM Author: Contagious Maize Range Hissy Fit i'm more talking about the combination of average houses selling for 500k+ alongside 7%+ interest rates (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46681892) |
|
Date: August 17th, 2023 2:34 PM Author: Maroon locus ceo it's all theoretical anyways because nobody is selling. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46681896) |
|
Date: August 17th, 2023 2:36 PM Author: Dark embarrassed to the bone cuckold corner "nobody is selling" is flame. there's houses popping up every day in our target markets. it's low inventory and shit is overpriced bc sellers still think its 201 and shit isn't moving and just sits. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46681902) |
|
Date: August 17th, 2023 2:37 PM Author: Maroon locus ceo yeah I'm sure there are some but there has been historically low inventory for a year now.
And like you say most of the stuff on the market is overpriced so it's not really serious inventory, it's more like "I'll move if I get a huge windfall by chance." |
|
Date: August 17th, 2023 2:37 PM Author: Dark embarrassed to the bone cuckold corner yeah lots of stalemates. shit is sitting around bc sellers are delusional and buyers arent gonna bite (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46681913) |
|
Date: August 17th, 2023 4:08 PM Author: haunting big-titted field gunner (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682339) |
|
Date: August 17th, 2023 4:10 PM Author: Twisted sick clown principal's office (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682351) |
|
Date: August 17th, 2023 2:36 PM Author: Contagious Maize Range Hissy Fit that part is true from what i see. the housing market is in gridlock atm. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46681904) |
|
Date: August 17th, 2023 2:38 PM Author: Maroon locus ceo I wonder how realtors are even making a living right now.
https://www.stessa.com/blog/more-realtors-in-the-us-than-homes-for-sale/ |
|
Date: August 17th, 2023 2:40 PM Author: Contagious Maize Range Hissy Fit now that's 180 (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46681931) |
|
Date: August 17th, 2023 2:42 PM Author: Maroon locus ceo cr. Fuck realtors. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46681937) |
|
Date: August 17th, 2023 2:41 PM Author: trip brilliant brethren there were way higher rates in early 80's and stuff, ppl still bought homes, fact is amerikkkans are brainwashed by jews, they are the slaves to judiasm, they will never stop buying homes simply because that wld be an affront to jews, israel and the holocaust and we cant have that (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46681932) |
|
Date: August 17th, 2023 2:42 PM Author: Contagious Maize Range Hissy Fit but the median price as a multiple of average income was much lower (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46681939) |
|
Date: August 17th, 2023 3:09 PM Author: trip brilliant brethren rofl goys
Year Median home price Median household income Price-to-income ratio 1970 $17,000 $8,730 2.0 1980 $47,200 $21,000 2.2 1990 $97,200 $35,300 2.7 2000 $127,600 $42,200 3.0 2010 $227,000 $50,400 4.5 2022 $428,700 $79,500 5.4 |
|
Date: August 17th, 2023 3:37 PM Author: Stimulating Orchestra Pit *hand rubbing intensifies* (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682234) |
|
Date: August 17th, 2023 2:35 PM Author: Dark embarrassed to the bone cuckold corner i locked in at 2-1/8 % on a house that we've already outgrown. i imagine many are in the same boat. not really a lottery win. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46681900) |
|
Date: August 17th, 2023 2:36 PM Author: Maroon locus ceo describe how you've outgrown it. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46681903) |
|
Date: August 17th, 2023 2:37 PM Author: Dark embarrassed to the bone cuckold corner 1) it's under 1500 SF
2) it's not in a neighborhood we can be in once our kids are school-age |
|
Date: August 17th, 2023 2:37 PM Author: Maroon locus ceo that does suck. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46681912) |
|
Date: August 17th, 2023 2:38 PM Author: aquamarine geriatric hall Had similar situation and decided to move before rates really went up and copped 3.375, now very glad I did that (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46681917) |
|
Date: August 17th, 2023 2:39 PM Author: Maroon locus ceo 3.375 is basically before rates rose at all. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46681920) |
|
Date: August 17th, 2023 2:40 PM Author: aquamarine geriatric hall Yeah although about 1 whole percent higher than my previous rate (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46681928) |
|
Date: August 17th, 2023 2:41 PM Author: Maroon locus ceo still well under what you can get for the money in a savings account or CD though. So I still rate you as winning the lottery. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46681933) |
|
Date: August 17th, 2023 2:42 PM Author: aquamarine geriatric hall Thank you :) (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46681940) |
|
Date: August 17th, 2023 2:40 PM Author: Dark embarrassed to the bone cuckold corner we still couldnt find a good house to our liking due to low inventory, and still cant. we could buy a new house with a lot of cash down and i'm not worried about a 6% mortgage for the right house. but nothing good to buy. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46681925) |
|
Date: August 17th, 2023 9:40 PM Author: aquamarine geriatric hall ljl it was very hard you are righ (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46683649) |
|
Date: August 17th, 2023 2:37 PM Author: Floppy Mexican Whorehouse He’s Tall (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46681909) |
|
Date: August 17th, 2023 2:48 PM Author: cracking shaky property I was in the same situation. Although, not that low, our loan was a 2.75% and it had like 13 years left in the term, balance was about $165,000. It was fine to have a low mortgage rate, but it doesn't do anything for you if you're not in a house that you like or that your family has outgrown. We moved and now have a more expensive home at 6.49% interest and are paying a lot more for housing. That's just how it goes. It is true that if you have a lot of money and financed like $950,000 at 2.25% for 30 years, then had interest rates go through the roof just 18 months later, that you have some good arbitrage opportunities. But that's hardly the same as "winning the lottery." The house is a consumer product that you buy. Cheaper financing is nice, but it's not a must have, and yes sometimes you can have arbitrage opportunities, which can be great, but I don't see how an arbitrage opportunity is life changing. The other side of the coin is high interest rates are going to arrest and reverse appreciation in real terms (possibly nominal terms) so that's going to affect all homeowners regardless of what rate you bought in at. People brag about financing, like they brag about anything else, but whatever. |
|
Date: August 17th, 2023 2:52 PM Author: Razzle Red University how did you finance between when you bought your second house and sold the first? how does that work? (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682010) |
|
Date: August 17th, 2023 2:59 PM Author: cracking shaky property The bridge period between when we selected a house that we liked to make an offer on and sold our old house was one of the most stressful times of my life and it totally threw me out of whack and almost killed me. Going through that and pulling it altogether had a lot of moving parts and really emphasizes why, in America, you really need to have more resources. Simple things like moving houses are a lot more complicated than they seem on the surface. But to answer your question, we just took some money we had lying around, got a preapproval, and wrote an offer. When it was accepted we started spending money like crazy with all of this and that, fixing up our current house, doing this, doing that, moving. Then we moved. Then we listed our old house and sold it. So the answer is, have cash on hand. Equity in your house isn't very useful. |
|
Date: August 17th, 2023 3:20 PM Author: Razzle Red University It's truly amazing that you are able to do that. I can only dream of having that kind of liquid cash flow. Your family is so lucky to have you (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682132) |
|
Date: August 17th, 2023 3:22 PM Author: cracking shaky property Arent you worth mid-8 figures? (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682141) |
|
Date: August 18th, 2023 10:37 AM Author: Razzle Red University yes, if you count after the decimal as well (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46685129) |
|
Date: August 17th, 2023 5:08 PM Author: aromatic hospital persian I am in that same bridge period and it fucking sucks. Getting the old home ready to sell was a nightmare. Luckily I was able to swing conventional financing on the second home by putting 50% down so I didn't get hit with the high cost of a bridge loan.
It seems like the old home is going to sell very quickly for full ask unless the appraiser fucks me (which is a possibility because it's a custom home selling for above comps). But hopefully it will all be over in the next couple of weeks.
Or at least somewhat. I got a great deal on the new home because the sellers didn't get it show ready, and a great price for the old home because I put the work in. So now I have to do work on the new home back-to-back but at least it will be much less stressful with only one house to manage. The second house is also bigger and less of an open concept so the work won't be nearly as disruptive either.
|
|
Date: August 17th, 2023 5:16 PM Author: cracking shaky property They key to houses is to have cash on hand. Houses are extremely expensive and whole worlds of work unto themselves. I cannot imagine what it would be like to actually be house poor. That’s absolutely worse than not having a house at all. |
|
Date: August 17th, 2023 2:37 PM Author: bright kitty I bought with a 30 year fixed rate and the value of my home has increased by about 50% since buying it right in the beginning of COVID. I'm basically a Millennial Boomer.
I feel really bad for friends who were waiting to buy and now can't afford anything. |
|
Date: August 17th, 2023 2:38 PM Author: Maroon locus ceo that's a bigger than avg. increase in that time frame. are you in some super hot market? (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46681914) |
|
Date: August 17th, 2023 2:39 PM Author: Saffron Ticket Booth Same here. I've even got a friend who is a primary school teacher who managed to snatch up a nice 1500sq ft house for just herself right after rates dropped but right before prices went up (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46681919) |
|
Date: August 17th, 2023 2:43 PM Author: talking state haunted graveyard Impossible. The geniuses here told us to wait for home prices to go down and that it was all a bubble. We were told to buy cryptocurrency instead while we waited for the housing prices to collapse. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46681943) |
|
Date: August 17th, 2023 2:50 PM Author: Dark embarrassed to the bone cuckold corner prices have gone down. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46681994) |
|
Date: August 17th, 2023 2:50 PM Author: Aggressive curious institution to be fair, crypto has done really well and still has a ton of upside (exeunt) (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46681999) |
|
Date: August 17th, 2023 2:51 PM Author: Scarlet Dysfunction Ratface You’re conflating a few things (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682007) |
|
Date: August 18th, 2023 9:35 AM Author: vigorous resort (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46684965) |
|
Date: August 17th, 2023 3:02 PM Author: Heady Twinkling Multi-billionaire To be fair,
If you bought SOL when you were told to buy SOL (early 2021) instead of spending that same amount of money on a house, guess which is *STILL* the better return on your investment, financially speaking? |
|
Date: August 17th, 2023 6:01 PM Author: Soggy private investor main people You also told us to buy buy buy when it was at $200+, what would my return have been if I bought it then? (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682825) |
|
Date: August 20th, 2023 3:07 PM Author: haunting big-titted field gunner (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46693155) |
|
Date: August 17th, 2023 2:51 PM Author: Scarlet Dysfunction Ratface I’ve got one at 3 and one at 2.75 (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682005) |
|
Date: August 17th, 2023 2:55 PM Author: frum appetizing national community account Housing prices will only go up from here. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682018) |
|
Date: August 17th, 2023 3:01 PM Author: Contagious Maize Range Hissy Fit where is the buying pressure coming from? (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682044) |
|
Date: August 17th, 2023 3:05 PM Author: sticky sanctuary REITs will buy up everything, u will own nothing and b happy. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682059) |
|
Date: August 17th, 2023 3:06 PM Author: Contagious Maize Range Hissy Fit I guess these REITs have access to cheaper debt so they are in a can't lose situation? (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682066) |
|
Date: August 17th, 2023 3:15 PM Author: sticky sanctuary they will just raise rents up. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682108) |
|
Date: August 17th, 2023 3:19 PM Author: Impressive Out-of-control Roommate It is great for those of us that are in our forever homes. I really didn't plan on selling this house anyway. This makes it even clearer.
For those that locked in starter homes, especially ones without a lot of land or in a mediocre area where building on doesn't make sense it kind of sucks. |
|
Date: August 17th, 2023 3:23 PM Author: Heady Twinkling Multi-billionaire To be fair, you are the type of faggot I hate.
"It is great for those of us that are in our forever homes."
You gain nothing but interest rates being high. You just like and enjoy that because of it, you are better off compared to other people because they need to struggle/pay more, not because of any tangible gain to you.
Please killself. |
|
Date: August 17th, 2023 3:35 PM Author: Impressive Out-of-control Roommate I just gained dodging a bullet. That's all this is.
If it makes you feel better, that's sort of a rarity for me. |
|
Date: August 17th, 2023 3:41 PM Author: Heady Twinkling Multi-billionaire To be fair, I want us all the win brother. But don't get happy because others suffer something you don't. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682253) |
|
Date: August 17th, 2023 3:45 PM Author: Impressive Out-of-control Roommate ITE - I got totally fucked. Struggled like all fuck to get back up. Had to live in laughably shitty conditions, progressively moving up. Then bought my first truly nice home in the location I actually wanted to be (not some blue hellhole) like a year before this whole thing imploded. If this took just a tiny bit longer I would have been fucked again. I'm not cheering anyone getting fucked but humanity is selfish and not being the one that got got (for once) is going to make any normal human being breathe a sigh of relief.
Also, a huge number of the sort of people screaming about this also voted for it. |
|
Date: August 17th, 2023 3:56 PM Author: Heady Twinkling Multi-billionaire To be fair, "a huge number of the sort of people screaming about this also voted for it." ? (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682316) |
|
Date: August 17th, 2023 9:19 PM Author: Impressive Out-of-control Roommate Yuppies buying in expensive urban areas (the most likely group to have bought starter homes they're stuck with and don't have land to allow them to build onto) are mostly libs. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46683556) |
|
Date: August 18th, 2023 10:03 AM Author: Heady Twinkling Multi-billionaire To be fair, the increase in RE prices has been a nationwide thing, not just a few urban centers. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46685033) |
|
Date: August 17th, 2023 3:37 PM Author: Razzle Red University Are you a realtor? (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682238) |
|
Date: August 17th, 2023 3:41 PM Author: Heady Twinkling Multi-billionaire To be fair, not currently. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682256) |
|
Date: August 17th, 2023 3:24 PM Author: Dark embarrassed to the bone cuckold corner i'm locked in a starter home and i've made a big gain and i also have cash to buy a forever home, so i'm fine. problem is lack of inventory -- no forever home to buy. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682150) |
|
Date: August 17th, 2023 3:25 PM Author: Heady Twinkling Multi-billionaire To be fair, another retard. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682156) |
|
Date: August 17th, 2023 3:36 PM Author: Impressive Out-of-control Roommate If you have cash then you're in fantastic shape. Just start looking and something will come up, and you'll probably be able to negotiate a lower price. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682231) |
|
Date: August 17th, 2023 3:37 PM Author: Dark embarrassed to the bone cuckold corner lol these sellers are delusional and anything halfway decent they won't bend on, and shit just sits around forever. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682240) |
|
Date: August 17th, 2023 3:38 PM Author: Impressive Out-of-control Roommate So just be patient and wait for someone to take your offer. It'll happen sooner or later. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682245) |
|
Date: August 17th, 2023 3:37 PM Author: Clear antidepressant drug rates need to hit 50% (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682235) |
|
Date: August 17th, 2023 3:42 PM Author: Swollen Patrolman Sandwich Great guess I'm staying in my house forever (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682259) |
|
Date: August 17th, 2023 3:44 PM Author: Indigo irradiated home Prices just going to keep going up. No inventory + home buyers today are multi gen families from Eritrea with 6 working members who can match the 250k combined salary of a husband and wife. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682263) |
|
Date: August 17th, 2023 3:46 PM Author: Impressive Out-of-control Roommate Inventory is shit but things happen like people dying and the kids not taking over the house for whatever reason. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682268) |
|
Date: August 17th, 2023 4:07 PM Author: Indigo irradiated home Covid of 2020-2021 swept out all of those who would have died of old age in 2023-2028. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682337) |
|
Date: August 17th, 2023 3:50 PM Author: adventurous cobalt half-breed temple My house:
My payment at 2.5%: $2,845
At 7.4%: $4,985
And let me tell you, you ain’t getting my house for what I paid anymore. LMAO at libs and Biden’s sps economy
|
|
Date: August 17th, 2023 4:08 PM Author: Claret Wagecucks 180 (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682340) |
|
Date: August 17th, 2023 4:05 PM Author: Awkward plaza lol at winning the lottery.
the only thing that matters for 95% of people is the monthly payment. So housing prices will come down to whatever people are spending on housing these days at $80,000 income.
high interest rates don't help someone who has a low interest rate in the slightest. actually it hurts, because to move to a comparable place i would have to spend 50% more per month which i don't want to and won't do. |
|
Date: August 17th, 2023 4:07 PM Author: adventurous cobalt half-breed temple In VHCOL areas prices won’t come down enough. Also inflation is a thing, and Biden just subjected everyone to severe inflation that will not be matched with wage growth. Why do you think they’re importing millions of muds every month? (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682335) |
|
Date: August 17th, 2023 4:10 PM Author: Awkward plaza and none of that is good if i want to move in 5 years (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682347) |
|
Date: August 17th, 2023 4:14 PM Author: adventurous cobalt half-breed temple Sure, but better to have a property that gained 50% equity in 5 years at 2.5-3% than not. Some would even consider it winning the lottery.
As far as moving yeah it fucking sucks. I’d love to move to are country but the finances don’t make sense yet. Plan is to save enough cash that we rent this place out at 7k or something absurd per month while carrying a small mortgage on the new place. Eventually sell this place in 25 years when kids are ready and split the proceeds for a down payment for each of them. |
|
Date: August 17th, 2023 4:24 PM Author: Heady Twinkling Multi-billionaire To be fair, congrats on the subsidized government funds for your shelter. It's always a good thing when the governments helps those who have more. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682406) |
|
Date: August 17th, 2023 4:35 PM Author: adventurous cobalt half-breed temple Not a subsidy, that was the market rate at the time. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682447) |
|
Date: August 17th, 2023 4:40 PM Author: sticky sanctuary 30 year fixed mortgages would not exist if the government didn't subsidize them. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682489) |
|
Date: August 17th, 2023 5:06 PM Author: Heady Twinkling Multi-billionaire To be fair, this. There is no market rate for mortgage loans. The Feb put more than $8 trillion into the mortgage market and the majority of home loans are guaranteed by the govt. Every mortgage loan in USA is either directly or indirectly funded and subsidized by the US govt. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682601) |
|
Date: August 17th, 2023 5:07 PM Author: Heady Twinkling Multi-billionaire To be fair, weak flame. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682602) |
|
Date: August 17th, 2023 4:26 PM Author: Heady Twinkling Multi-billionaire To be fair, these areas also won't see young adults move there and will become stagnate in 10 years. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682412) |
|
Date: August 17th, 2023 4:36 PM Author: adventurous cobalt half-breed temple Good thing plenty of middle aged and older want to live here as well. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682451) |
|
Date: August 17th, 2023 5:07 PM Author: Heady Twinkling Multi-billionaire To be fair, I hope many new buyers from other parts move to your city! (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682604) |
|
Date: August 17th, 2023 4:10 PM Author: Diverse Hideous School Cafeteria Background Story As long as people never lose their jobs or have to move (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682349) |
|
Date: August 17th, 2023 4:54 PM Author: Useless cowardly area goyim I have 1.2-1.4mm in equity in a house that is a lot larger than we need, with a 2.8% 30 year mortgage. How stupid to sell and “downgrade” to a 900k-1.2mm house I buy for cash? (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682552) |
|
Date: August 17th, 2023 5:02 PM Author: walnut well-lubricated casino utterly retarded. how expensive is your current house? (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682583) |
|
Date: August 17th, 2023 5:05 PM Author: Useless cowardly area goyim North of 2.5. Not sure by how much. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682595) |
|
Date: August 17th, 2023 5:06 PM Author: walnut well-lubricated casino why would you buy so much house and then decide you dont need it. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682600) |
|
Date: August 17th, 2023 5:09 PM Author: Useless cowardly area goyim Underestimated the maintenance headache, then had a child and collective household stress went up significantly. We have/make a lot more money than we did when we purchased, but I’m out of energy. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682611) |
|
Date: August 17th, 2023 5:11 PM Author: walnut well-lubricated casino is it an old house or are you talking yard stuff. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682630) |
|
Date: August 17th, 2023 5:13 PM Author: Useless cowardly area goyim Both. Old house with lots of features and a lot of property. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682638) |
|
Date: August 17th, 2023 5:15 PM Author: walnut well-lubricated casino yeah then it might not be retarded to downsize. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682651) |
|
Date: August 17th, 2023 5:15 PM Author: aromatic hospital persian How big of a house is it and what maintenance are you complaining about. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682646) |
|
Date: August 17th, 2023 5:21 PM Author: Useless cowardly area goyim House is 4500 sq ft, but there are multiple other finished buildings on 10 acres, pool. Constant vigilance is required to avoid wood rot, clogged gutters, fallen trees crushing structures, termites, corroding pipes, driveway washout, plumbing leaks, etc. There’s also a lot of yard stuff. I have a company do most of the yard stuff, but not everything. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682676) |
|
Date: August 17th, 2023 5:21 PM Author: walnut well-lubricated casino lmao youre in way over your head if not flame. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682679) |
|
Date: August 17th, 2023 5:23 PM Author: Useless cowardly area goyim 100% not flame. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682687) |
|
Date: August 17th, 2023 5:26 PM Author: Arousing Chapel pumos all have millions in cash and equity, a perfect 10 wife, etc etc only work 4 hours a day to make 10k/day (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682701) |
|
Date: August 17th, 2023 5:28 PM Author: Useless cowardly area goyim My wife is not a 10, for sure. But she is a great mom, makes good money, and is my organic college gf. I work 55 hours a week. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682707) |
|
Date: August 18th, 2023 9:26 AM Author: Razzle Red University many sudos as well, just pointing that out (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46684945) |
|
Date: August 17th, 2023 9:22 PM Author: Impressive Out-of-control Roommate "House is 4500 sq ft, but there are multiple other finished buildings on 10 acres"
Holy shit. Have you considered renting some of them out or something? I wouldn't get rid of it but I would put it to work in some way. |
|
Date: August 18th, 2023 9:15 AM Author: exciting pale round eye Build Manufactured Homes/trailers all around the 10 acres.
Rent to young, hot, methed out white trash moms.
Fuck them at will when “stressed” and collect rents.
Buy bigger plot of land.
Build “starter homes” shit shacks and rent to post-grad zoomers.
Fuck the hot young crazy 25 year olds at will and collect rents.
Profit and Poast about your great life, high net worth, and unlimited supply of 20 year olds. |
|
Date: August 17th, 2023 5:11 PM Author: cracking shaky property I am failing to see any upside to staying in a house larger than you need. I see people do this all the time (esp older people, divorced people, etc)—they’re just wasting money on property taxes, insurance, maintenance, upkeep. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682631) |
|
Date: August 18th, 2023 9:34 AM Author: titillating offensive hell ape if you really want to gamble on this, the thing to do is sell your place and rent until the market crashes. risk is it never does and you waste a bunch of money on rent. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46684962) |
|
Date: August 17th, 2023 5:23 PM Author: Free-loading halford center so we're basically reliving the 70s:
"Thanks to Freddie Mac, there’s solid data available for 30-year fixed-rate mortgage rates beginning in 1971.
Rates in 1971 were in the mid-7% range, and they moved up steadily until they were at 9.19% in 1974. They briefly dipped down into the mid- to high-8% range before climbing to 11.20% in 1979. This was during a period of high inflation that hit its peak early in the next decade."
https://www.rocketmortgage.com/learn/historical-mortgage-rates-30-year-fixed#:~:text=Download%20Your%20eBook-,1970s,climbing%20to%2011.20%25%20in%201979. |
|
Date: August 17th, 2023 5:26 PM Author: Heady Twinkling Multi-billionaire To be fair, Jews learned this time that they need to kill new supply of homes in order to prevent any unrealized/unearned equity gains from being lost. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682700) |
|
Date: August 17th, 2023 5:29 PM Author: Arousing Chapel your brain really is broken bro (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682713) |
|
Date: August 18th, 2023 9:18 AM Author: exciting pale round eye She actually isn’t on her usual histrionic tirade.
Look at Year Median home price Median household income Price-to-income ratio for the last 60 years. |
|
Date: August 17th, 2023 5:57 PM Author: walnut well-lubricated casino its basically the same as the 70s except everything is different and america is dead and nothing from the 70s is relevant anymore. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682800) |
|
Date: August 17th, 2023 10:10 PM Author: Excitant spot preventive strike (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46683766) |
|
Date: August 18th, 2023 9:29 AM Author: sinister pontificating parlor (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46684950) |
|
Date: August 18th, 2023 9:34 AM Author: sable violent boltzmann den (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46684964) |
|
Date: August 18th, 2023 9:36 AM Author: vigorous resort (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46684966) |
|
Date: August 17th, 2023 5:45 PM Author: gaped hairless stage sweet tailpipe LOL, TSINAH's Detroit shithole is gonna be $400 a month on equity $5000 on interest by the time him and his HOG find a place. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46682753) |
|
Date: August 17th, 2023 8:27 PM Author: Erotic Ivory Trailer Park I said this when rates were 5% and it goes doubly now.
Prices are not fucking falling. The demand for housing is set to go up in the near future, and there will be limited to no supply.
People like me ordinarily would be looking at bigger places, but for me to get a house a level up, my monthly payment would literally be 4X what I pay now. That's not going to happen. |
|
Date: August 17th, 2023 8:35 PM Author: gaped hairless stage sweet tailpipe how big is your current place? (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46683414) |
|
Date: August 17th, 2023 8:37 PM Author: Erotic Ivory Trailer Park About 2200 sf - we can make due with it.
Before interest rate hikes we were looking at places that were 3,000-4,000 sf. But that doesnt make sense now. |
|
Date: August 18th, 2023 10:04 AM Author: Heady Twinkling Multi-billionaire To be fair, thanks Fed! (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46685037) |
|
Date: August 17th, 2023 9:04 PM Author: Olive yapping forum 2.25% jumbo here (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46683506) |
|
Date: August 17th, 2023 9:32 PM Author: exhilarant obsidian pit 3% on home 4.5% on office building. Wish I’d bought more (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46683619) |
|
Date: August 18th, 2023 9:33 AM Author: mildly autistic weed whacker depressive I missed out since I bought a condo with hoa and insurance fees that keep going up. If u bought a house somewhere solid like Seattle even then u made it. Same thing in europe they had even lower fixed rates and very small property taxes and fees even in big city apt. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46684958) |
|
Date: August 18th, 2023 10:02 AM Author: sticky sanctuary never bought in shitcago because of fucking HOA and taxes (and a cheap rent). (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46685028) |
|
Date: August 18th, 2023 9:46 AM Author: gold stage goal in life I'm literally about to list a house right now, but it has taken two months to get all of the contractor repairs. They are about to finish. Fuck my ass, I have the worst timing on shit (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46684991) |
|
Date: August 18th, 2023 10:06 AM Author: Opaque big milk stead Why move? (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46685044) |
|
Date: August 18th, 2023 10:36 AM Author: Razzle Red University doodikoff owns multiple properties (to live in and rent) (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46685128) |
|
Date: August 18th, 2023 11:16 AM Author: Opaque big milk stead Oh wow I only aspire to such things personally (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46685235) |
|
Date: August 18th, 2023 4:06 PM Author: Swollen Patrolman Sandwich Oh no you missed the 7.1% rates 2 months ago (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46686340) |
|
Date: August 18th, 2023 4:09 PM Author: swashbuckling market fat ankles I have 3 million cash on hand. Will I make it? (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46686349) |
|
Date: August 18th, 2023 5:15 PM Author: Twisted sick clown principal's office Only if you don't have any kids (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46686583) |
|
Date: August 18th, 2023 5:34 PM Author: Free-loading halford center what are your biggest costs?
gross burn rate? net burn rate etc |
|
Date: August 18th, 2023 6:36 PM Author: French bawdyhouse roast beef If you have cash and don't need a loan won't these high rates cause prices adjust to accommodate and make houses cheaper? (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46686825) |
|
Date: August 18th, 2023 7:11 PM Author: walnut well-lubricated casino the people with cash already have 10-15 houses and dont want to buy more without cheap debt. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46686932) |
|
Date: August 20th, 2023 4:50 PM Author: Maroon locus ceo no because nobody is putting shit on the market because they don't want to lose their ultra low mortgage rates, which is making supply untenably low. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46693529) |
|
Date: August 20th, 2023 4:52 PM Author: Heady Twinkling Multi-billionaire To be fair, and sadly homeowners would rather tell the next generation to fuck off than allow new units to be build near them. (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46693534) |
|
Date: August 19th, 2023 12:34 AM Author: sable violent boltzmann den (http://www.autoadmit.com/thread.php?thread_id=5389853&forum_id=2#46687905) |