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Started By
Message

Cost to buy = $2,700/month. Cost to rent = $1,850/month
Posted on 5/24/23 at 11:01 am
Posted on 5/24/23 at 11:01 am
How long do you think the housing market can handle 7% mortgage rates? Mortgage applications are way down

Also, I notice the rental shortage from just 2-3 years ago seems to have resolved itself. Seems as if there is more rental inventory available and not being rented the first day they hit the market. Are more people taking on roommates and that is leading to a surplus of rentals?
This post was edited on 5/24/23 at 11:05 am
Posted on 5/24/23 at 11:03 am to stout
This is why it annoys me when people shite on millennials and zoomers. They're being forced into serfdom due to criminal monetary policies.
Posted on 5/24/23 at 11:04 am to stout
quote:
Also, I notice the rental shortage from just 2-3 years ago seems to have resolved itself. Seems as if there is more rental inventory available and not being rented the first day they hit the market. Are more people taking on roommates and that is leading to a surplus of rentals?
People bought up investment properties at a 3% interest rate and are now renting them out
Posted on 5/24/23 at 11:05 am to stout
I've just about given up looking for a house.
Posted on 5/24/23 at 11:05 am to stout
Thankfully I have a duplex with a nice (both looking and attitude) tenant that pays 60% of my mortgage in rent.
Posted on 5/24/23 at 11:05 am to Gifman
Not sure about a pop but we are on the front end of a correction IMO.
Posted on 5/24/23 at 11:06 am to GoCrazyAuburn
quote:
I've just about given up looking for a house.
Where are you located?
Posted on 5/24/23 at 11:07 am to stout
This is not an issue!
Signed:
C-Shill
Signed:
C-Shill
Posted on 5/24/23 at 11:08 am to stout
The housing market won't "POP" it may adjust but even if it comes down it will still be elevated because of the historic rise the last few years. Plus homeowners are much more qualified than they were in the 07/08 meltdown so you won't see massive foreclosures due to people with 0% down payment loans.
Posted on 5/24/23 at 11:09 am to upgrayedd
quote:They'll never understand bc it didn't happen to them. In their mind, its a rite of passage that they had to go through themselves which couldn't be farther from the truth.
This is why it annoys me when people shite on millennials and zoomers. They're being forced into serfdom due to criminal monetary policies.
This post was edited on 5/24/23 at 3:57 pm
Posted on 5/24/23 at 11:09 am to stout
Add insurance for us Louisiana baws
Posted on 5/24/23 at 11:11 am to GoCrazyAuburn
quote:
I've just about given up looking for a house.
I’ve given up moving. If I were to sell my home and purchase one of the same value my mortgage would double even at 40% down.
Posted on 5/24/23 at 11:12 am to lsufan112001
quote:
You can thank Ftard Biden
you can thank 20 or 30 years of shite leadership along with him
Posted on 5/24/23 at 11:12 am to stout
People need to live within their means.
Most people do not.
This creates a problem.
Most people do not.
This creates a problem.
Posted on 5/24/23 at 11:12 am to stout
quote:
How long do you think the housing market can handle 7% mortgage rates? Mortgage applications are way down
Until it crashes
I’m ready
Posted on 5/24/23 at 11:12 am to stout
whats the current cost to squat?
Posted on 5/24/23 at 11:13 am to stout
quote:
Where are you located?
Birmingham. The market here is just awful. A few random gems pop up here and there, but go way over asking price for cash. There was a 1200 sq. ft house that sold for almost $500k a few weeks back I saw. Just laughable.
Posted on 5/24/23 at 11:13 am to yellowfin
quote:
Until it crashes
I’m ready
It wont happen. Don't hold your breath.
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