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Started By
Message
Average interest rate on 30 year mortgage rises to 7.59%, highest since December 2000
Posted on 9/21/23 at 8:11 pm
Posted on 9/21/23 at 8:11 pm
27
Posted on 9/21/23 at 8:12 pm to stout
I genuinely have no idea how people are buying homes right now.
Realtors have to be shitting a brick.
Realtors have to be shitting a brick.
Posted on 9/21/23 at 8:12 pm to stout
I hate it here
Posted on 9/21/23 at 8:12 pm to stout
They can pry my 2.6% from my cold, dead hands
Posted on 9/21/23 at 8:14 pm to Yaboylsu63
quote:
Realtors have to be shitting a brick.
There are currently 1.58 million members of NAR. In 2006 there were 1.4 million. That number dropped to below a million by 2012. The same thing is about to happen.
This post was edited on 9/21/23 at 8:16 pm
Posted on 9/21/23 at 8:15 pm to stout
American dream is dead unless you have rich parents
Posted on 9/21/23 at 8:15 pm to stout
I just watched the Big Short today. DO I need to do what that weird guy did and bet short on the housing market. Cause it sounds like we are right back there.
Posted on 9/21/23 at 8:15 pm to stout
Alotta people bout to have to find a plan d you are saying?
Posted on 9/21/23 at 8:15 pm to Yaboylsu63
quote:
I genuinely have no idea how people are buying homes right now.
They aren't. Blackrock is.
Posted on 9/21/23 at 8:16 pm to stout
...but God damn it...the weak-minded, liberal shite stains don't have to be offended by mean tweets.
Posted on 9/21/23 at 8:18 pm to Yaboylsu63
Thanks Trump!!
Posted on 9/21/23 at 8:18 pm to ob1pimpbobi
The problem is a bunch of people are paying with cash and those who can’t pay with cash are either renting or paying for overpriced 1300sqft 3/2s.
The price increases are not sustainable but I don’t know how the market crashes when people are still somehow buying. Contract, yes. Crash, dunno.
The price increases are not sustainable but I don’t know how the market crashes when people are still somehow buying. Contract, yes. Crash, dunno.
Posted on 9/21/23 at 8:18 pm to GEAUXT
quote:
They can pry my 2.6% from my cold, dead hands
Same. Gave up looking. Have replaced all appliances except fridge in my house. Put on new roof, put in new counter tops. Had some patio work done. Replaced fence in back.
About to look into adding on. Have come to accept will be in current house forever. To find another mortgage for $1200, I’d have to trade my 2100 sqft house in for a shack that is falling apart
Posted on 9/21/23 at 8:18 pm to Pendulum
quote:
Alotta people bout to have to find a plan d you are saying?
Yes
Keep in mind that only the very top percentage of agents actually make money and/or make a living doing it as things are now. A lot of agents just have a license and keep it active and others do it part-time. It's about to get more competitive among those who actually try to make a living doing it. Many who came into the business in the past few years will have no idea how to sell during and survive a slower market. The same thing that happened in 2008
Posted on 9/21/23 at 8:22 pm to stout
Blackrock (your employer) right now:
Posted on 9/21/23 at 8:22 pm to WaydownSouth
quote:
Have come to accept will be in current house forever. To find another mortgage for $1200, I’d have to trade my 2100 sqft house in for a shack that is falling apart
Every indication is we might not see any rate reductions until late 2024.
Posted on 9/21/23 at 8:22 pm to PrecedentedTimes
I don't work for Blackrock, idiot. Stop spreading lies.
Posted on 9/21/23 at 8:26 pm to stout
Regional banks and credit unions running out of money to lend / pausing commercial lending is a bigger problem than consumer real estate ~7%
Posted on 9/21/23 at 8:26 pm to Screamin Jay
quote:
but God damn it...the weak-minded, liberal shite stains don't have to be offended by mean tweets.
Yes, the trillions printed by the Trump admin have had no effects on this inflation
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