More real estate doom and gloom
- Thread starter Toshi
- Start date
. That's me!Of course, unless the market drops 20%, we'll still be above water. Guess it's a good thing we intend to stay for a while?
Yep. Maybe some day we can divorce homes from investments. Not holding my breath that it's in my lifetime, though.
Yes, if we see a market decline, rich people will protect rich people at all costs. You think they are going to give up a boat or home or two? Over their cold dead brodozer.Yep. Maybe some day we can divorce homes from investments. Not holding my breath that it's in my lifetime, though.
If only. Instead, when the market shits the fan, people will lose their homes and investment banks will snatch them up at depressed prices and the cycle will repeat itself again.Yep. Maybe some day we can divorce homes from investments. Not holding my breath that it's in my lifetime, though.
The whole concept of monetarism and monetary policy are scams.
They are designed to squeeze labor out of those who dont own any capital/real estate, for capital gains.
Thats just not possible by design. If you are a wage earner... buying property is the only/best protection you have against monetary squeezes.Yep. Maybe some day we can divorce homes from investments. Not holding my breath that it's in my lifetime, though.
If you are a wage earner, you are fucked if you do... but more fucked if you dont
also me. but mountain property isn't getting any more common eh
Of course, unless the market drops 20%, we'll still be above water. Guess it's a good thing we intend to stay for a while?
This sounds dangerously like commie talk!
We plan to give our house and land away.Yep. Maybe some day we can divorce homes from investments. Not holding my breath that it's in my lifetime, though.
If you are a rent-paying wage-earner.... and the central bank suddenly increases 2x the currency available; your rent is going up (some of that money will be added real estate demand), inflation will eat away your consumption power and your salary purchasing power will go down.
And as seen by data from the last 50 years... inflation will outpace wages/productivity. The whole system is rigged. Its not even free market capitalism. You have to buy real estate.
maybe it's time to maintenance de routine some investment banks / bankers....
*goes to get my hand grenades*
right to bear arms means armaments, right?
I wish you the best of luck when explaining that to the average republican voter.
iTs ThE dEmZ REEEEEEEEEEEEEEEEEEEEEEEEEEEE
dibs!
Hmm well at least I feel reassured that I'm far from the only one to do this. However the seller being a dick lawyer and disputing the earnest money still stings.
Lol
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32213 Branch Rd, Scappoose, OR 97056 | MLS #22337130 | Zillow
For sale This 1584 square foot single family home has 3 bedrooms and 2.0 bathrooms. It is located at 32213 Branch Rd Scappoose, Oregon.
www.zillow.com
It's just about perfect and we could sell our place for that or more so it's a push. But when I saw 7.5%
But now you have more negotiating power than even 6 months ago, arguably less competition, and you can refi in +/- a couple years.32213 Branch Rd, Scappoose, OR 97056 | MLS #22337130 | Zillow
For sale This 1584 square foot single family home has 3 bedrooms and 2.0 bathrooms. It is located at 32213 Branch Rd Scappoose, Oregon.
It's just about perfect and we could sell our place for that or more so it's a push. But when I saw 7.5%
Rates will go down again. It's just a matter of time. Siure that might be years, but they will.
This was the thought when I bought my very first house in '99 at 10.7% and 2 years later I was so under water I was lucky to sell it back to the builder and walk away.
Of course there was a huge crash and I went from $80k/year to $10/hr that made refinancing a challenge, but you know.
Our 1st mortgage in 2000 was at 8.25%. And we refi'd down to something like 6% just a couple years later, IIRC.This was the thought when I bought my very first house in '99 at 10.7% and 2 years later I was so under water I was lucky to sell it back to the builder and walk away.
Of course there was a huge crash and I went from $80k/year to $10/hr that made refinancing a challenge, but you know.
We just refinanced to something stupid like 2.8? I forget but our payment is tiny now because the wife had a small 2nd that was like 6%. We are basically making 1.5 payments now. While that place is damn near perfect, the timing couldn't be worse.
Is that like 'housing prices never fall'?
It's worth pointing out that historically speaking, 7% is a decent rate. The aberration has been the <3% rates we've grown accustomed to. I'm extremely skeptical that we see those sorts of rates again any time in the coming decade.
7% wasn't a bad interest rate when the median home price was still around $100k
It's worth pointing out that historically speaking, 7% is a decent rate. The aberration has been the <3% rates we've grown accustomed to. I'm extremely skeptical that we see those sorts of rates again any time in the coming decade.
I just don't understand, peeps are buying these for absorbent prices and making them into tiny homes.
I built the same shed but bigger for less than $3k in materials during covid lumber prices
I built the same shed but bigger for less than $3k in materials during covid lumber prices
but yes, i took advantage of the crazy low interest rates to refi, currently sitting at 2.75%. the house 2 down from us just sold for $200k more than we bought ours 9 years ago. it was still lived in by the original owners (from the 1960's) so the interior needs a lot of modernizing. which is crazy.
Turquoise kitchen?!?!? I'M FUCKIN' IN!!
Ahem. TURQ kitchen.
Yea, that'll be an upcharge.
The Intel effect: How Licking County land and housing prices are rising
As housing prices and land soar, eventually higher taxes will follow.
www.10tv.com