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Stalled Mobility: Another Problem For The Housing Market

By Patrick following x   2018 Apr 17, 3:13pm 551 views   3 comments   watch   sfw   quote     share    


Now, after a big multi-year rally, there seems to be trouble brewing in the U.S. residential and commercial real estate markets. ...

Commercial Prices Are Falling For The First Time In Years: ...
Stalled Mobility: ...
Lack of Supply: ...
People Are Still Under-Water: ...
Entry Level Buyers Can't Afford To Buy: ...
1   Ceffer   ignore (1)   2018 Apr 17, 3:44pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

At the time of the last crash around 2008, mortgage rates were 2 to 3 percent higher. Lower rates seemed to bring things back in the short run. Lots of foreclosures popping up in the Bay Area, with interest rates that can go no lower. Does this mean a "hard crash landing" for this bubble?
2   RC2006   ignore (0)   2018 Apr 17, 3:46pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

My wife and I wanted to upgrade to a little bit bigger house but it would require us to more than double our property taxes going from 4.5k to 9-10k screw that. and that is for a house in the same area that we already live, most other people wanting to do the same but the property tax kills it.
3   mell   ignore (2)   2018 Apr 17, 4:03pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

I saw tons of open houses this weekend just in the hood, partly spring season, but seems like many owners have gotten a whiff of the blow-off top and try to get out at the right time.

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You're being set up to spend your life paying off a debt you don't need to take on, for a house that costs far more than it should. The conspirators are all around you, smiling to lure you in, carefully choosing their words and watching your reactions as they push your buttons, anxiously waiting for the moment when you sign the papers that will trap you and guarantee their payoff. Don't be just another victim of the housing market. Use this book to defend your freedom and defeat their schemes. You can win the game, but first you have to learn how to play it.
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