- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
0
Posted on 2/22/23 at 9:35 pm to kywildcatfanone
(no message)
This post was edited on 9/3/23 at 5:08 pm
Posted on 2/22/23 at 9:37 pm to bigblake
Not after the fee-takers get theirs. I’m not sure what half of them actually do but they get theirs.
Posted on 2/22/23 at 10:20 pm to PappaSwolio
quote:
We have a 2.6% interest rate, but the wife is wants a new house, but I refuse to overpay
You tell her to chill the frick out
Posted on 2/22/23 at 10:57 pm to Areddishfish
quote:
My uncle is a realtor in Texas and he said aside from the rates as you mentioned, people still think they can get 2020/2021 money for their house and they just sit for months.
I have noticed this. There are houses listed for almost a year now where the seller hasn't come off the price. All the people who were cash heavy or could lock in a loan at a good interest rate in 20/21 did and bought a home already. Interest rates are up now and demand is down. Lots of buying opportunities in the near future if you have or come into money.
Posted on 2/22/23 at 11:15 pm to stout
Local mortgages( including Refis to be fair) below 400,000k in South Louisiana are down about 70% year to year. A lot of people have lost their gigs in any industry related to home purchases.
This doesn’t even factor in sky rocketing insurance and taxes. This is going to get worse too . I keep thinking somebody like Elon Musk is going to channel his brilliance into housing. There has to be a more efficient way for us to do this.
This doesn’t even factor in sky rocketing insurance and taxes. This is going to get worse too . I keep thinking somebody like Elon Musk is going to channel his brilliance into housing. There has to be a more efficient way for us to do this.
Posted on 2/22/23 at 11:57 pm to Lsupimp
quote:
This doesn’t even factor in sky rocketing insurance and taxes. This is going to get worse too . I keep thinking somebody like Elon Musk is going to channel his brilliance into housing. There has to be a more efficient way for us to do this.
Housing is somewhat unique in that a small imbalance between supply and demand can cause wild price fluctuations. Combine that with the time, cost, and risk it takes to bring new units online... there you have it.
You don't need to be Elon Musk to come up with a few workable solutions. Limits on foreign investment and purchasing of houses, and restrictions on corporate ownership would go a long way to making homes affordable and smoothing out the market... but neither are likely to happen. Too many people making too much money from the current arrangement.
Posted on 2/23/23 at 12:13 am to stout
Supply has completely dried up in our hood. Like nothing I can remember. And the stuff that does come on market is still sky high but sits for months. Bad time to be in the mortgage or RE business. Some weeding out is underway I’m sure.
Posted on 2/23/23 at 1:22 am to stout
Biden setting 25, 50 and 75 year old records…
Posted on 2/23/23 at 5:53 am to stout
We just bought a house for less than it appraised for and, while it’s not last years % rates, we’re able to get in the mid 5% range.
We got lucky.
We got lucky.
Posted on 2/23/23 at 6:31 am to Sterling Archer
[quote]quote: It depends on whether people can afford their note Loan standards are far more stringent today than 15 years ago so I don’t see this being anything like 08 100% this[/quote
Double agree. Very different than 2007. Average credit has been much higher. Now..rates and inflation don’t chill that won’t mean some variable folks and people that stretched won’t get in trouble.
Meanwhile, rental and multifamily gonna boom for a while.
House prices will drop, then inflation, then rates. Then a big building boom for SF that will magically jack lumber prices back up.
Double agree. Very different than 2007. Average credit has been much higher. Now..rates and inflation don’t chill that won’t mean some variable folks and people that stretched won’t get in trouble.
Meanwhile, rental and multifamily gonna boom for a while.
House prices will drop, then inflation, then rates. Then a big building boom for SF that will magically jack lumber prices back up.
Posted on 2/23/23 at 10:57 am to danilo
quote:south ark
Where is this?
Page 5 of 5
Popular
Back to top
Follow TigerDroppings for LSU Football News