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Message
re: The ‘growing crisis of the young American male’ could send home prices falling for years
Posted on 4/3/24 at 10:55 am to ragincajun03
Posted on 4/3/24 at 10:55 am to ragincajun03
Gonna have some people seriously in their feelings when the house they bought during Covid doesn’t appraise for anything close to what they bought it for
4
Posted on 4/3/24 at 11:00 am to Fat and Happy
quote:
Gonna have some people seriously in their feelings when the house they bought during Covid doesn’t appraise for anything close to what they bought it for
100% agreed.
I find it fascinating when I see people in their 50s buying a home. I guess their kids will not inherit anything.
Posted on 4/3/24 at 11:04 am to Fat and Happy
quote:
Gonna have some people seriously in their feelings when the house they bought during Covid doesn’t appraise for anything close to what they bought it for
Could be true for people that speculated, went the AirBnB route, etc. But mostly, buyers during Covid locked in extremely low rates and have already seen big increases in home values. I was in the market in 2020, and based on what I was looking at, prices are a lot higher now.
This post was edited on 4/3/24 at 11:06 am
Posted on 4/3/24 at 2:00 pm to Fat and Happy
quote:
Gonna have some people seriously in their feelings when the house they bought during Covid doesn’t appraise for anything close to what they bought it for
What's nice is the just before Covid buy. We bought our house in summer of 2019, and had it appraised 2 weeks ago. It appraised for more than double what we bought it for.
But also made the house I'm buying more expensive than it would have been in 2019 so there is that.
Posted on 4/3/24 at 2:43 pm to Fat and Happy
quote:
Gonna have some people seriously in their feelings when the house they bought during Covid doesn’t appraise for anything close to what they bought it for
When is that going to happen?
Prices nationwide could fall substantially and they’d still be higher than 2020 prices.
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