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Started By
Message
How many here are still waiting on the sideline to buy a home?
Posted on 2/12/26 at 9:22 am
Posted on 2/12/26 at 9:22 am
LINK
“Sales of previously owned homes in January dropped a wider-than-expected 8.4% from December.”
“The median price for a home sold in January was $396,800, up 0.9% year over year and the highest January price on record.”
Everyone has been saying they are waiting for prices to come down. When even with slower and slower sales…the avg price just keeps ticking up.
“Sales of previously owned homes in January dropped a wider-than-expected 8.4% from December.”
“The median price for a home sold in January was $396,800, up 0.9% year over year and the highest January price on record.”
Everyone has been saying they are waiting for prices to come down. When even with slower and slower sales…the avg price just keeps ticking up.
8
Posted on 2/12/26 at 9:23 am to sidewalkside
Because people know that even if you buy the home, you’re still renting the land.
Posted on 2/12/26 at 9:26 am to NFLSU
quote:
Because people know that even if you buy the home, you’re still renting the land.
That made me laugh for real, I hope you have a good day SIR
Posted on 2/12/26 at 9:33 am to sidewalkside
The only affordable houses in the ATL metro not in the hood and within an hour's drive of my office are 1950's-60's shitholes that need half of their value in renovations/repairs.
At this point, renting is a better financial proposition.
At this point, renting is a better financial proposition.
Posted on 2/12/26 at 9:36 am to VolsOut4Harambe
My daughter pulled the trigger on an older home in Iberville.
Posted on 2/12/26 at 9:37 am to VolsOut4Harambe
Ive been getting letters in the mail to Refinance. Which would be around 400/month in savings.
Im waiting for the rates to dropp a little more. My guess is banks are trying to lock desperate people into lower savings before the rates get even lower.
If rates drop, it will get crazy again. Crazy.
If they drop a little more, Hopefully I can save around 600 Month. Which would be really great for what I am trying to do.
Im waiting for the rates to dropp a little more. My guess is banks are trying to lock desperate people into lower savings before the rates get even lower.
If rates drop, it will get crazy again. Crazy.
If they drop a little more, Hopefully I can save around 600 Month. Which would be really great for what I am trying to do.
Posted on 2/12/26 at 9:42 am to sidewalkside
I have the land, just waiting to build. 50 basis points is a big difference
Posted on 2/12/26 at 9:45 am to dyslexiateechur
quote:nice
My daughter pulled the trigger on an older home
quote:
in Iberville.
Posted on 2/12/26 at 9:48 am to sidewalkside
built our "realistic dream home" in 2020. 3.25% jumbo. Not planning to ever move. BUT if we did it would be to a much smaller place/placeS and would likely pay cash at that point.
Posted on 2/12/26 at 9:52 am to VolsOut4Harambe
quote:
The only affordable houses in the ATL metro not in the hood and within an hour's drive of my office are 1950's-60's shitholes that need half of their value in renovations/repairs. At this point, renting is a better financial proposition.
I couldn’t imagine renting for 20 years somewhere and being told to move out. Rent for $2000 a month for 20 years is $480,000 and it’s just gone.
Most people aren’t disciplined enough to put any extra money away they would save by renting vs owning a home.
Posted on 2/12/26 at 9:52 am to sidewalkside
quote:
“The median price for a home sold in January was $396,800
If someone offered me 396,000 dollars for my house right now I'd need 30 minutes to pack a few things, grab the dogs, and then I'd throw them the keys to a complete turn key operation.
That figure shows that the locations where people just HAVE to live, no compromises, are the ones tremendously inflated.
Posted on 2/12/26 at 9:57 am to sidewalkside
Paid cash for mine 8 years ago. I buy things I can afford.
Posted on 2/12/26 at 10:02 am to sidewalkside
I'm closing on a house today actually.
had one built instead of previously owned.
it's in a one of those "cookie cutter" neighborhoods.
but brand new with all new appliances are going for $15,000 - 20,000 less than similar houses that were built in early 2010s literally 3 streets over in same neighborhood.
.
quote:
“Sales of previously owned homes in January dropped a wider-than-expected 8.4% from December.”
had one built instead of previously owned.
it's in a one of those "cookie cutter" neighborhoods.
but brand new with all new appliances are going for $15,000 - 20,000 less than similar houses that were built in early 2010s literally 3 streets over in same neighborhood.
.
Posted on 2/12/26 at 10:14 am to sidewalkside
I think this narrative that as young people you should not be focused on buying a house because it is not a good investment or that you can't afford it is a terrible lie designed by companies like Black Rock, who are trying to buy up all the houses they can.
Buying a home is still and IMO will always be the best investment a young person can make. There is two things this country , well three that are certainties. Food, Medical and Housing. All driven by the population that never declines.
Yes I know it's hard to buy your first home because it's a giant expense, it was the same for me when I was 25 and bought my first home for $75,000. I bought what could afford in the nicest area I could afford. ( for reference the middle average homes were ~$130-$150K then so I wasn't trying to buy what I saw my parents have at their age)
5 house and 30 years later I bought the home I live in now for $235k. That was 13 years ago. It's current value is ~$380K)
Interest rates go up and down, Home prices dip but always rebound. You have to maintain it to keep its value but it's rarely bad choice to buy a home if you can do it without financially crippling yourself.
Once you make that initial first time buy, it gets exponentially easier to upgrade after that even with a modest amount of financial savvy.
Buying a home is still and IMO will always be the best investment a young person can make. There is two things this country , well three that are certainties. Food, Medical and Housing. All driven by the population that never declines.
Yes I know it's hard to buy your first home because it's a giant expense, it was the same for me when I was 25 and bought my first home for $75,000. I bought what could afford in the nicest area I could afford. ( for reference the middle average homes were ~$130-$150K then so I wasn't trying to buy what I saw my parents have at their age)
5 house and 30 years later I bought the home I live in now for $235k. That was 13 years ago. It's current value is ~$380K)
Interest rates go up and down, Home prices dip but always rebound. You have to maintain it to keep its value but it's rarely bad choice to buy a home if you can do it without financially crippling yourself.
Once you make that initial first time buy, it gets exponentially easier to upgrade after that even with a modest amount of financial savvy.
This post was edited on 2/12/26 at 10:45 am
Posted on 2/12/26 at 10:43 am to Sunnyvale
quote:
Ive been getting letters in the mail to Refinance. Which would be around 400/month in savings. Im waiting for the rates to dropp a little more. My guess is banks are trying to lock desperate people into lower savings before the rates get even lower. If rates drop, it will get crazy again. Crazy. If they drop a little more, Hopefully I can save around 600 Month. Which would be really great for what I am trying to do.
They have been hounding me but I’m holding off also.
Posted on 2/12/26 at 10:46 am to VolsOut4Harambe
quote:
At this point, renting is a better financial proposition.
I don't live in the Atlanta area, so I can't speak to that but where I live, rent is nearly what a mortgage payment is, so that's wasted money.
Posted on 2/12/26 at 10:50 am to Snipe
quote:
I think this narrative that as young people you should not be focused on buying a house because it is not a good investment or that you can't afford it is a terrible lie designed by companies like Black Rock, who are trying to buy up all the houses they can.
Buying a home is still and IMO will always be the best investment a young person can make. There is two things this country , well three that are certainties. Food, Medical and Housing. All driven by the population that never declines.
I get a letter almost every week from some firm or another offering to buy my house. Mine is paid off so maybe that's why they're bugging me. But other neighbors are getting them too and it's obvious that there's a push to buy up private houses for corporate renting schemes. I've even demanded that they remove my name from their lists but they relentlessly send me new letters anyway.
Posted on 2/12/26 at 10:58 am to BabyTac
quote:
Paid cash for mine 8 years ago. I buy things I can afford.
Will you shut the frick up already? No one believes your bullshite
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