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Strange. All the homes in my hood are flying off the lot at asking and above
https://finance.yahoo.com/news/80-of-americans-think-its-a-bad-time-to-buy-a-house-190058819.html
80% of Americans think it's a bad time to buy a house
Ceffer says
Strange. All the homes in my hood are flying off the lot at asking and above
Here also, in San Jose.
One in my neighborhood had a "sold" sign one week after the "for sale" sign was put up.
According to Zillow these places have about a 100% ownership premium over renting.
There seems to be an air of desperation to secure a purchased residence around here for the privilege to pay double what it'd cost to rent, with a locked in super high property tax bill. Reminds me of patrick.net folks surferex back in the day, and BayArea nowadays.
owners will see massive tax increases over ownership lifetime.
Here also, in San Jose.
One in my neighborhood had a "sold" sign one week after the "for sale" sign was put up.
According to Zillow these places have about a 100% ownership premium over renting.
There seems to be an air of desperation to secure a purchased residence around here for the privilege to pay double what it'd cost to rent, with a locked in super high property tax bill. Reminds me of patrick.net folks surferex back in the day, and BayArea nowadays.
How will these trillions be injected into housing?
GNL says
How will these trillions be injected into housing?
The fed prints money, they loan this .oney at huge discounts to banks, blackrock is a bank, they will borrow this money, they will by the homes.
This is why deficits matter. The more our government prints the more enslaved our nation is
I get the printing part but, you’re saying that Blackrock will be given the money to purchase 1-2 trillion dollars worth of homes?
As I understand it, Freddiemac is being given the go ahead to finance 2nd mortgages and home equity loans as a way to get people to spend their equity.
$1 trillion to $2 trillion to be injected into housing by August via GSE Home Equity financing
GNL says
As I understand it, Freddiemac is being given the go ahead to finance 2nd mortgages and home equity loans as a way to get people to spend their equity.
Where does Freddiemac get the funds to do that?
You cannot do "GSE Home Equity financing" unless you have the money on hand to pay out.
UkraineIsTotallyFucked says
Or can easily raise it.
Raise it how?
Problem is, people soon realize they can't afford that and are returning the vehicles...
I am actively in the market for a new or used vehicle.
gabbar says
I am actively in the market for a new or used vehicle.
Same. I just can't bring myself to buy right now when the prices of vehicles are the same as down payments I made on rental houses 11-14 years ago.
gabbar says
I am actively in the market for a new or used vehicle.
Same. I just can't bring myself to buy right now when the prices of vehicles are the same as down payments I made on rental houses 11-14 years ago.
Can recommend the VW Tiguan. Half the price of a pimped up highlander, 80% of the space. Interior well done
Are cars returnable to dealership? How does one do this, just drop off the car at the dealership where the buyer purchased it from?
mell says
Can recommend the VW Tiguan. Half the price of a pimped up highlander, 80% of the space. Interior well done
I sold VWs when I was a kid. I would never ever buy one.
Considering a RAM V8 for boat towing and dragging my lawn mower etc., to rental properties. Also a Prius Prime (never would have guessed I'd say that) as a grocery gitter. I expect the RAM to have problems but they are way overbuilt, sitting on lots everywhere so I expected steep discounts soon and are one of the few V8s left.
Right now, I wait... I need to check the toyota for cameras facing the driver. I don't want that shiite.
I sold VWs when I was a kid. I would never ever buy one.
Voluntary Repossession
it's MORE expensive to buy the used car with the 30k miles than the new model.
AmericanKulak says
Voluntary Repossession
Oh! I didnt know there was something like this. Interesting.
AmericanKulak says
it's MORE expensive to buy the used car with the 30k miles than the new model.
This seems to be the case nowadays. I am planning to drive a 2025 Toyota Camry hybrid next week. Never driven a hybrid vehicle.
Never owned a VW but from my research they are fun to drive but pain in the ass to repair which happens frequently.
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https://finance.yahoo.com/news/pimco-kiesel-called-housing-top-160339396.html?source=patrick.net
Bond manager Mark Kiesel sold his California home in 2006, when he presciently predicted the housing bubble would pop. He bought again in 2012, after U.S. prices fell more than 30% and found a floor.
Now, after a record surge in prices, Kiesel says the time to sell is once again at hand.