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housing prices peak 2
invite response
2022 Apr 29, 9:29pm 604,726 views 5,669 comments
by AD ➕follow (1) 💰tip ignore
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4669
WookieMan
2024 Mar 30, 2:24pm
WookieMan
2024 Mar 30, 2:24pm
AD says
Because building is too expensive and there's no labor force for it. Younger people have no clue what a drill even is or a hammer. Construction labor costs have gone through the roof. Building is an absolute hassle now for contractors. So people move and rent out their houses and don't build new anymore. Inventory stays restricted. No one new learns to build.
We're close to building a $700k ranch in a town with a median of about $260k.... Think about why there's no new inventory in many areas? My new house won't even appraise. 2,200 SF ranch. Sure it's a lot of concrete and form work, but that's not a big house at all. We'll eat it and can afford the payment. It's where we want to be. And I'm not buying/building a shit box, builder grade piece of shit. I have standards for my forever home.
Patrick, they still charging ~2021 rental rates
Because building is too expensive and there's no labor force for it. Younger people have no clue what a drill even is or a hammer. Construction labor costs have gone through the roof. Building is an absolute hassle now for contractors. So people move and rent out their houses and don't build new anymore. Inventory stays restricted. No one new learns to build.
We're close to building a $700k ranch in a town with a median of about $260k.... Think about why there's no new inventory in many areas? My new house won't even appraise. 2,200 SF ranch. Sure it's a lot of concrete and form work, but that's not a big house at all. We'll eat it and can afford the payment. It's where we want to be. And I'm not buying/building a shit box, builder grade piece of shit. I have standards for my forever home.
4670
AD
2024 Mar 30, 8:07pm
AD
2024 Mar 30, 8:07pm
WookieMan says
I have mentioned that necessity is the mother of invention. I have said the future economy will requiring more productivity and innovation. That means do more with the same (not necessarily less).
There are innovation ideas which have worked for many years like this:
https://www.fadingwestdevelopment.com/
.
Because building is too expensive and there's no labor force for it.
I have mentioned that necessity is the mother of invention. I have said the future economy will requiring more productivity and innovation. That means do more with the same (not necessarily less).
There are innovation ideas which have worked for many years like this:
https://www.fadingwestdevelopment.com/
.
4671
WookieMan
2024 Mar 30, 8:26pm
WookieMan
2024 Mar 30, 8:26pm
AD says
It doesn't work. Unless you're in a loose area with building requirements. Basically the country/rural. I worked on this for a decade in Chicago. Literally tried to get a plant opened in the city with Union workers and all that bull shit. It was impossible. I don't give up on much, but it was impossible.
Helped my dad build two modular homes, one of which my sister still owns. It's doable, just not in urban areas.
Where it works is apartment/townhome buildings. Don't want to dox myself too much be we have a facility in my town that builds large scale apartment buildings by panels framed out and shipped on a flatbed.
Municipalities and inspections are the bitch of it. You cannot roll in a section or cube and drop on site without inspection. So you have to leave it open and then hire labor on site which makes the costs basically the same as building in place if not more.
There are innovation ideas which have worked for many years like this:
It doesn't work. Unless you're in a loose area with building requirements. Basically the country/rural. I worked on this for a decade in Chicago. Literally tried to get a plant opened in the city with Union workers and all that bull shit. It was impossible. I don't give up on much, but it was impossible.
Helped my dad build two modular homes, one of which my sister still owns. It's doable, just not in urban areas.
Where it works is apartment/townhome buildings. Don't want to dox myself too much be we have a facility in my town that builds large scale apartment buildings by panels framed out and shipped on a flatbed.
Municipalities and inspections are the bitch of it. You cannot roll in a section or cube and drop on site without inspection. So you have to leave it open and then hire labor on site which makes the costs basically the same as building in place if not more.
4672
AD
2024 Mar 30, 9:57pm
AD
2024 Mar 30, 9:57pm
WookieMan says
WRONG, yes you do want to dox yourself here.
You are correct as I noticed more townhomes being pre-fabricated especially in Colorado like the The Farm in Buena Vista.
.
Don't want to dox myself too much
WRONG, yes you do want to dox yourself here.
You are correct as I noticed more townhomes being pre-fabricated especially in Colorado like the The Farm in Buena Vista.
.
4673
WookieMan
2024 Mar 31, 4:06am
WookieMan
2024 Mar 31, 4:06am
AD says
Find me then. Not a chance anyone can. Even Patrick who knows my first name at least. Even if I gave my last name, there are plenty of "me" in my region. I have a semi famous name, so you'd never find anything on me. It would all be directed at that person or literally thousands of others if searched. Either way I try to tread lightly.
If I mentioned the company building the panels you would most certainly find my town. They're pumping out frames like gangbusters. My little town is doing well for what it is. It's only going to do better. Need to think and work on local. Everyone gets hung up on foreign affairs and federal government. Work on your own back yard.
WRONG, yes you do want to dox yourself here.
Find me then. Not a chance anyone can. Even Patrick who knows my first name at least. Even if I gave my last name, there are plenty of "me" in my region. I have a semi famous name, so you'd never find anything on me. It would all be directed at that person or literally thousands of others if searched. Either way I try to tread lightly.
If I mentioned the company building the panels you would most certainly find my town. They're pumping out frames like gangbusters. My little town is doing well for what it is. It's only going to do better. Need to think and work on local. Everyone gets hung up on foreign affairs and federal government. Work on your own back yard.
4676
DOGEWontAmountToShit
2024 Mar 31, 9:01pm
DOGEWontAmountToShit
2024 Mar 31, 9:01pm
Patrick says
But the housing experts on PatNet said...
https://nakedemperor.substack.com/p/this-weeks-must-reads-25-31-march
But the housing experts on PatNet said...
4677
WookieMan
2024 Apr 1, 2:45am
WookieMan
2024 Apr 1, 2:45am
UkraineIsTotallyFucked says
Depends where you are. I'm in an area with no building and the exodus has basically ended en mass. As much as I hate the fat fuck Pritzker, IL is slowly leveling off. I don't see housing prices crashing here. CA is going to be the biggest drag on national median home price due to disfunction, along with NY and other east coast states as Boomers move to FL, TX and AZ with cheaper home prices.
On paper it will look like shit. But in reality it's not like people will be losing their homes like 2006. They just won't be able to move and be stuck with 2020 interest rates. Oh well. That's the way I think it plays out. Boomers sell a paid off house for less and move to a lower COLA raising that areas prices, but the national median drops. Median is an awful metric for RE nationally. Especially when you factor in the US demographics. I could speak on this for an hour, but I'm too lazy, and I'd write a book already if I wanted to. I don't.
But the housing experts on PatNet said...
Depends where you are. I'm in an area with no building and the exodus has basically ended en mass. As much as I hate the fat fuck Pritzker, IL is slowly leveling off. I don't see housing prices crashing here. CA is going to be the biggest drag on national median home price due to disfunction, along with NY and other east coast states as Boomers move to FL, TX and AZ with cheaper home prices.
On paper it will look like shit. But in reality it's not like people will be losing their homes like 2006. They just won't be able to move and be stuck with 2020 interest rates. Oh well. That's the way I think it plays out. Boomers sell a paid off house for less and move to a lower COLA raising that areas prices, but the national median drops. Median is an awful metric for RE nationally. Especially when you factor in the US demographics. I could speak on this for an hour, but I'm too lazy, and I'd write a book already if I wanted to. I don't.
4678
porkchopXpress
2024 Apr 1, 5:51am
porkchopXpress
2024 Apr 1, 5:51am
A massive paradigm difference between now and before is remote work. A ton of professionals (like me) do not have to move if we lose our jobs because we're remote and can get another remote gig. I know there's a lot of buzz about people returning to work, but remote work is here to stay forever. It's too lucrative for companies wanting to hire the best talent.
4679
zzyzzx
2024 Apr 1, 10:01am
zzyzzx
2024 Apr 1, 10:01am
https://www.reddit.com/r/FirstTimeHomeBuyer/comments/1bt63ak/underwater_cant_afford_mortgage_im_a_stupid_pos/
Underwater, can't afford mortgage, I'm a stupid POS
TL:DR - bought our first house in 2022 for way too much, now it's worth nearly 200k less, yet our property taxes exploded, and our mortgage is over $5,300/month. I can't afford this and can't sell and just feel like I'm sinking and will never recover.
....
Realtor "friend" badgered us into buying in 2022, saying prices would never go down, and we'd never own a home if we didn't buy then. Her lender friend agreed, and they assured us our income would easily cover the mortgage (which was supposed to be $2,000/month less than what it is now). It would be a "great investment". I work remotely, so tons of our expenses would be tax write-offs. The area she convinced us to buy in is a boring suburb, outside of the popular city where we rented (a bigger house for only $2,000/ month), but it was totally going to go up in value based on not being too far from the city. And realtor friend assured us we wouldn't have to worry about taxes increasing more than 10%, as long as we filed a homestead exemption.
Fast forward to today:
the area is flooded with apartment construction and traffic,
nobody's buying here - at least not for anything close to what we paid and maybe never will without some insane world event like the last one,
work from home tax write-offs only count if you're self-employed, so that was crap,
we owe thousands in income tax because the lender convinced us to pull from our 401ks for the downpayment - saying we'd get a tax break on it because it was for our first house (we didn't, that program stopped over 10 years ago),
The homestead exemption didn't kick in until after our first year of ownership (when I tried to contest our tax assessment, the people at the hearing literally laughed when they saw how much we overpaid for our house, but they went ahead and upheld the assessment, even though they knew houses weren't selling for that much anymore)
our increasing property taxes have kicked our mortgage up to $5,300 / month.
We can't sell, and we can't afford the mortgage, we were just fine renting... like I said - I'm a complete ignorant moron and I'm paying the price for it, except I can't afford to pay the price anymore, so I'm hopeless as well as stupid.
Underwater, can't afford mortgage, I'm a stupid POS
TL:DR - bought our first house in 2022 for way too much, now it's worth nearly 200k less, yet our property taxes exploded, and our mortgage is over $5,300/month. I can't afford this and can't sell and just feel like I'm sinking and will never recover.
....
Realtor "friend" badgered us into buying in 2022, saying prices would never go down, and we'd never own a home if we didn't buy then. Her lender friend agreed, and they assured us our income would easily cover the mortgage (which was supposed to be $2,000/month less than what it is now). It would be a "great investment". I work remotely, so tons of our expenses would be tax write-offs. The area she convinced us to buy in is a boring suburb, outside of the popular city where we rented (a bigger house for only $2,000/ month), but it was totally going to go up in value based on not being too far from the city. And realtor friend assured us we wouldn't have to worry about taxes increasing more than 10%, as long as we filed a homestead exemption.
Fast forward to today:
the area is flooded with apartment construction and traffic,
nobody's buying here - at least not for anything close to what we paid and maybe never will without some insane world event like the last one,
work from home tax write-offs only count if you're self-employed, so that was crap,
we owe thousands in income tax because the lender convinced us to pull from our 401ks for the downpayment - saying we'd get a tax break on it because it was for our first house (we didn't, that program stopped over 10 years ago),
The homestead exemption didn't kick in until after our first year of ownership (when I tried to contest our tax assessment, the people at the hearing literally laughed when they saw how much we overpaid for our house, but they went ahead and upheld the assessment, even though they knew houses weren't selling for that much anymore)
our increasing property taxes have kicked our mortgage up to $5,300 / month.
We can't sell, and we can't afford the mortgage, we were just fine renting... like I said - I'm a complete ignorant moron and I'm paying the price for it, except I can't afford to pay the price anymore, so I'm hopeless as well as stupid.
4680
WookieMan
2024 Apr 1, 10:26am
WookieMan
2024 Apr 1, 10:26am
porkchopXpress says
This is very true. There's also the fact that a couple that has one spouse that can remote work, then can move where they want to. They're usually leaving less desirable location to better ones. The other spouse is maybe a teacher, nurse, etc. that can easily find work elsewhere with the WFH spouse.
Basically as I think you're implying, there's just going to be less movement of people. I'd move in a heartbeat to a different state, but we're pushing $500k/yr with a $1,200 mortgage that we couldn't get in any other state because my wife can't work remote. She's the bread winner. Easy, fun job besides the bull shit meetings, which are remote. Everything else is golf outings, hanging out and expense reports. And I get to hang out too if I behave myself... lol.
Hmmmm.... not my jam to research this or build it. But someone should create an income to housing price app/site. You put in the income you expect or want and what you'd pay for a house. I did this for CA and CO with job offers. It wouldn't be easy, but you'd get real estate agents salivating over the leads. Headhunters salivating over it as well. Maybe it exists already, but link jobs with housing is a good idea in my opinion.
A massive paradigm difference between now and before is remote work. A ton of professionals (like me) do not have to move we lose our jobs because we're remote and can get another remote gig. I know there's a lot of buzz about people returning to work, but remote work is here to stay forever. It's too lucrative for companies wanting to hire the best talent.
This is very true. There's also the fact that a couple that has one spouse that can remote work, then can move where they want to. They're usually leaving less desirable location to better ones. The other spouse is maybe a teacher, nurse, etc. that can easily find work elsewhere with the WFH spouse.
Basically as I think you're implying, there's just going to be less movement of people. I'd move in a heartbeat to a different state, but we're pushing $500k/yr with a $1,200 mortgage that we couldn't get in any other state because my wife can't work remote. She's the bread winner. Easy, fun job besides the bull shit meetings, which are remote. Everything else is golf outings, hanging out and expense reports. And I get to hang out too if I behave myself... lol.
Hmmmm.... not my jam to research this or build it. But someone should create an income to housing price app/site. You put in the income you expect or want and what you'd pay for a house. I did this for CA and CO with job offers. It wouldn't be easy, but you'd get real estate agents salivating over the leads. Headhunters salivating over it as well. Maybe it exists already, but link jobs with housing is a good idea in my opinion.
4681
porkchopXpress
2024 Apr 1, 10:55am
porkchopXpress
2024 Apr 1, 10:55am
WookieMan says
If I get recruiters pinging me about interesting positions that require relocation, I make sure to let them know that I would consider it if I can stay remote. Otherwise, it's a dealbreaker. They need to understand that so many people are never going back to the old way, unless it means putting food on the table.
Yep. Companies are severely limiting themselves in hiring the best talent if they require people to relocate and go into the office. When I hire people, I have a massive advantage because they can be anywhere in the contiguous US and not have to move, or they can choose to move wherever they desire. This is what I did when I left CA for TN, which was the best decision I've made in a LONG time.
This is very true. There's also the fact that a couple that has one spouse that can remote work, then can move where they want to. They're usually leaving less desirable location to better ones. The other spouse is maybe a teacher, nurse, etc. that can easily find work elsewhere with the WFH spouse.
If I get recruiters pinging me about interesting positions that require relocation, I make sure to let them know that I would consider it if I can stay remote. Otherwise, it's a dealbreaker. They need to understand that so many people are never going back to the old way, unless it means putting food on the table.
4682
zzyzzx
2024 Apr 1, 11:49am
zzyzzx
2024 Apr 1, 11:49am
https://boredbat.com/homebuyers-need-to-earn-80-more-than-they-did-in-2020-to-afford-a-home-in-todays-market/
Homebuyers need to earn 80% more than they did in 2020 to afford a home in today’s market
Homebuyers need to earn 80% more than they did in 2020 to afford a home in today’s market
4683
DOGEWontAmountToShit
2024 Apr 1, 12:53pm
DOGEWontAmountToShit
2024 Apr 1, 12:53pm
zzyzzx says
Noooooooo. The Housing Experts said...
https://boredbat.com/homebuyers-need-to-earn-80-more-than-they-did-in-2020-to-afford-a-home-in-todays-market/
Homebuyers need to earn 80% more than they did in 2020 to afford a home in today’s market
Noooooooo. The Housing Experts said...
4684
WookieMan
2024 Apr 1, 2:22pm
WookieMan
2024 Apr 1, 2:22pm
zzyzzx says
Move or make more money? Neither are difficult if you want it. Most people settle and stay in the same place. There are cheaper areas. Higher paying jobs. I'm working to charter my friends private jet in September to the Ozark's.
Bitching about it and doing something about it are two different things. I'll take the latter. I give no shits what my house is worth. It will be paid off before I'm dead and there WILL be someone there to buy it or my kids inherit it loan free.
I think the bigger problem is the castration of men. They don't know how to turn a wrench. They rely on the limited trades currently available. Get ripped off when they could do it themselves. They're gay by default. My rehab would have been $120k easy. I did it for $20k. Includes a kitchen. My former boss came to the house and was like WTF? You did this? He was a broker, but also a general contractor. If you have boys, teach them. Hell even girls. The TV show with females is bull shit, but there are women that can work. If they're hot, keep them, keep them.
Homebuyers need to earn 80% more than they did in 2020 to afford a home in today’s market
Move or make more money? Neither are difficult if you want it. Most people settle and stay in the same place. There are cheaper areas. Higher paying jobs. I'm working to charter my friends private jet in September to the Ozark's.
Bitching about it and doing something about it are two different things. I'll take the latter. I give no shits what my house is worth. It will be paid off before I'm dead and there WILL be someone there to buy it or my kids inherit it loan free.
I think the bigger problem is the castration of men. They don't know how to turn a wrench. They rely on the limited trades currently available. Get ripped off when they could do it themselves. They're gay by default. My rehab would have been $120k easy. I did it for $20k. Includes a kitchen. My former boss came to the house and was like WTF? You did this? He was a broker, but also a general contractor. If you have boys, teach them. Hell even girls. The TV show with females is bull shit, but there are women that can work. If they're hot, keep them, keep them.
4685
DOGEWontAmountToShit
2024 Apr 1, 10:00pm
DOGEWontAmountToShit
2024 Apr 1, 10:00pm
Oh man! This is the bomb!
https://theamericansun.substack.com/p/a-state-based-proposal-to-change
The comments make us on PatNet seem like humanitarian saints by comparison.
https://theamericansun.substack.com/p/a-state-based-proposal-to-change
The comments make us on PatNet seem like humanitarian saints by comparison.
4686
zzyzzx
2024 Apr 3, 1:01pm
zzyzzx
2024 Apr 3, 1:01pm
https://finance.yahoo.com/news/2-3-million-home-listing-180556772.html
A $2.3 million home listing in Nantucket slashed its price by a whopping 74% after its shoreline experienced drastic erosion in just a few weeks
A $2.3 million home listing in Nantucket slashed its price by a whopping 74% after its shoreline experienced drastic erosion in just a few weeks
4687
GNL
2024 Apr 3, 2:02pm
GNL
2024 Apr 3, 2:02pm
zzyzzx says
My daughter married into a family that owns quite a bit of real estate on Nantucket. I visited last summer. She took us to an old lighthouse that had to be moved because of the erosion. At the same spot were homes that are extremely close to going over the edge. I think she said one of them was worth $20,000,000 at one time.
https://finance.yahoo.com/news/2-3-million-home-listing-180556772.html
A $2.3 million home listing in Nantucket slashed its price by a whopping 74% after its shoreline experienced drastic erosion in just a few weeks
My daughter married into a family that owns quite a bit of real estate on Nantucket. I visited last summer. She took us to an old lighthouse that had to be moved because of the erosion. At the same spot were homes that are extremely close to going over the edge. I think she said one of them was worth $20,000,000 at one time.
4688
DOGEWontAmountToShit
2024 Apr 3, 2:44pm
DOGEWontAmountToShit
2024 Apr 3, 2:44pm
GNL says
There was a girl from Nantucket...
My daughter married into a family that owns quite a bit of real estate on Nantucket.
There was a girl from Nantucket...
4689
DOGEWontAmountToShit
2024 Apr 3, 2:48pm
DOGEWontAmountToShit
2024 Apr 3, 2:48pm
Translation: The Fed won't really cut rates beyond some tokenism. Oh, and they really don't give a shit about housing affordability but will use it as a rhetorical foil to justify not cutting rates.
https://www.dallasfed.org/research/economics/2024/0402
https://www.dallasfed.org/research/economics/2024/0402
4693
zzyzzx
2024 Apr 5, 7:32am
zzyzzx
2024 Apr 5, 7:32am
HeadSet says
We have to get to the no cuts phase before moving on to the we need increases phase.
UkraineIsTotallyFucked says
I want INCEASES, dammit!
We have to get to the no cuts phase before moving on to the we need increases phase.
4694
HeadSet
2024 Apr 5, 7:50am
HeadSet
2024 Apr 5, 7:50am
zzyzzx says
Too bad, since the price of renting money should rise as has the price of renting houses, cars, and probably women.
We have to get to the no cuts phase before moving on to the we need increases phase.
Too bad, since the price of renting money should rise as has the price of renting houses, cars, and probably women.
4696
KgK one
2024 Apr 5, 8:02am
Any suggestions on good rental property in pa philly north suburb. Philly has lot of cheap property but funding good tenant in those bad neighborhood is issue. Something in decent suburb with good cap rate would be good.
4697
gabbar
2024 Apr 5, 8:32am
gabbar
2024 Apr 5, 8:32am
zzyzzx says
The fuckers from Fed are no different from news reading talking heads.
We have to get to the no cuts phase before moving on to the we need increases phase.
The fuckers from Fed are no different from news reading talking heads.
4698
gabbar
2024 Apr 5, 4:14pm
gabbar
2024 Apr 5, 4:14pm
While it is not my baseline outlook, I continue to see the risk that at a future meeting we may need to increase the policy rate further should progress on inflation stall or even reverse. I continue to see a number of upside risks to inflation.~ Federal Reserve Governor Michelle Bowman, April 5, 2024
4699
DOGEWontAmountToShit
2024 Apr 5, 5:21pm
DOGEWontAmountToShit
2024 Apr 5, 5:21pm
Both cases, they have the junior Fed flunkies deliver the news. Not Powell. Notice that?
But don't worry...the Fed Experts on PatNet assure us rate cuts (beyond some token .00001% basis points) are coming!
But don't worry...the Fed Experts on PatNet assure us rate cuts (beyond some token .00001% basis points) are coming!
4701
AD
2024 Apr 6, 12:08am
AD
2024 Apr 6, 12:08am
UkraineIsTotallyFucked says
Yeah, I read that the 10 Year Treasury rate needs to get down below 3.5% to make debt payment or service to below 12% of the total federal expenditures. I think in 2022 that debt service was 8% of the federal expenditures. I hope Wolfman at Wolfstreet shows a graph of debt service as a percentage of federal expenditures for each fiscal year at least from 1990 to 2023.
I heard on the radio about the 99 cent stores shutting in California, and below is the article. The radio news report said employee theft was a major reason for the closing. Are there any remaining pro-California fluffers on Patnet ?
https://apnews.com/article/99-cents-only-store-closures-0f44cf157c8d8a23085ee8ab4e2f7878
.
But the Fed Experts on PatNet....
Yeah, I read that the 10 Year Treasury rate needs to get down below 3.5% to make debt payment or service to below 12% of the total federal expenditures. I think in 2022 that debt service was 8% of the federal expenditures. I hope Wolfman at Wolfstreet shows a graph of debt service as a percentage of federal expenditures for each fiscal year at least from 1990 to 2023.
I heard on the radio about the 99 cent stores shutting in California, and below is the article. The radio news report said employee theft was a major reason for the closing. Are there any remaining pro-California fluffers on Patnet ?
https://apnews.com/article/99-cents-only-store-closures-0f44cf157c8d8a23085ee8ab4e2f7878
.
4702
Blue
2024 Apr 6, 12:41am
AD says
Anything stolen under $1K is fine as per the "law". No police will come and save it!
The guy who call police, police themselves are all "racists" if they confront with thieves. It turns out the political clowns turns criminals into celebrities as the way of buying votes like 3rd world! More stores started keep the stuff behind the locked doors who are still in business! This procedure will add up the costs and change consumer experience.
I heard on the radio about the 99 cent stores shutting in California, and below is the article. The radio news report said employee theft was a major reason for the closing.
Anything stolen under $1K is fine as per the "law". No police will come and save it!
The guy who call police, police themselves are all "racists" if they confront with thieves. It turns out the political clowns turns criminals into celebrities as the way of buying votes like 3rd world! More stores started keep the stuff behind the locked doors who are still in business! This procedure will add up the costs and change consumer experience.
4704
DOGEWontAmountToShit
2024 Apr 6, 8:27am
DOGEWontAmountToShit
2024 Apr 6, 8:27am
AD says
socal2...until his Tesla is stolen by a Ukrainian cowardly male that he insists is still in Ukey Nazi Land as part of 'one of the greatest militaries on Earth'.
Are there any remaining pro-California fluffers on Patnet ?
socal2...until his Tesla is stolen by a Ukrainian cowardly male that he insists is still in Ukey Nazi Land as part of 'one of the greatest militaries on Earth'.
4706
AmericanKulak
2024 Apr 8, 10:08am
AmericanKulak
2024 Apr 8, 10:08am
Florida inventory rockets back to pre-COVID levels.
While mortgage apps continue to Flounder
Check out the last couple of sentences above.
While mortgage apps continue to Flounder
Check out the last couple of sentences above.
4707
AmericanKulak
2024 Apr 8, 10:19am
AmericanKulak
2024 Apr 8, 10:19am
Brand new Constuction for $300k? ~1350sqft?
https://www.zillow.com/homedetails/282-Lagoon-St-SW-Palm-Bay-FL-32908/104128935_zpid/
Or Grandpa passed away 35 year old 1990 used home for $282k in the same neighborhood?
https://www.zillow.com/homedetails/1565-Giles-St-NW-Palm-Bay-FL-32907/43483705_zpid/
Homeloaners smokin' the crack,
They want those COVID prices back
Despite 7% they think they will get,
Better cut the ask and take Percoset.
https://www.zillow.com/homedetails/282-Lagoon-St-SW-Palm-Bay-FL-32908/104128935_zpid/
Or Grandpa passed away 35 year old 1990 used home for $282k in the same neighborhood?
https://www.zillow.com/homedetails/1565-Giles-St-NW-Palm-Bay-FL-32907/43483705_zpid/
Homeloaners smokin' the crack,
They want those COVID prices back
Despite 7% they think they will get,
Better cut the ask and take Percoset.
4708
mell
2024 Apr 8, 10:23am
AD says
Sure in terms of quality of life it's still worth it if you can afford it, despite them leftoids trying hard to wreck it
Are there any remaining pro-California fluffers on Patnet ?
Sure in terms of quality of life it's still worth it if you can afford it, despite them leftoids trying hard to wreck it
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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.