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Started By
Message
re: A snap shot of the real estate market collapse
Posted on 9/27/24 at 5:24 pm to RealDawg
Posted on 9/27/24 at 5:24 pm to RealDawg
And yet we bought our house 6 years ago for 522k and the house around the block in same hood just sold for 1.055k. Went under contract in 4 days. Elite school district and low inventory.
1
Posted on 9/27/24 at 5:25 pm to Trevaylin
Snap shot of a dumbass using anecdotal evidence as proof of the housing collapse
This post was edited on 9/27/24 at 6:03 pm
Posted on 9/27/24 at 5:25 pm to Trevaylin
Property tax at 15000
Hoa fee at 13000
Insurance fee 11000
Mortgage inters 24000
annual expense total. 53000 on a house sales value of 450000 roughly 15%
It's 63,000 annual expense which is 14% of 450k, not 53000 which is 12% of 450k.
Hoa fee at 13000
Insurance fee 11000
Mortgage inters 24000
annual expense total. 53000 on a house sales value of 450000 roughly 15%
It's 63,000 annual expense which is 14% of 450k, not 53000 which is 12% of 450k.
Posted on 9/27/24 at 5:29 pm to volinktown
And our HOA is 850. Was 750 6 years ago. Never heard of an HOA fee tied to market price.
Also if the house is truly only worth 450k then he can submit that to the county and get readjusted on property taxes. Insurance also.
Also if the house is truly only worth 450k then he can submit that to the county and get readjusted on property taxes. Insurance also.
Posted on 9/27/24 at 5:30 pm to Trevaylin
What market is this in? 
This post was edited on 9/27/24 at 5:32 pm
Posted on 9/27/24 at 5:40 pm to East Coast Band
quote:
Some commas might help
450,thousand
-the OT
Posted on 9/27/24 at 5:51 pm to DCtiger1
quote:
Snap shot of a dumbass using antidotal evidence as proof of the housing collapse
I don't disagree with your post, but uh... erm...
Posted on 9/27/24 at 6:03 pm to BigAppleTiger
Forgive me, on the go and autocorrect is a bitch
Posted on 9/27/24 at 6:07 pm to volinktown
back when I used to work, there were senior managers that you never put numbers on a presentation slide that could be added, subtracted, multiply or divided. The senior dicks loved to show their superiority
Posted on 9/27/24 at 6:09 pm to Handsome Pete
It would be interesting to see this graph without California, New York and Hawaii, or to see the median home price.
Posted on 9/27/24 at 6:21 pm to Trevaylin
Never seen HOA fees based on the value of the home. That’s horse shite
Posted on 9/27/24 at 6:40 pm to Trevaylin
Biggest tell was even with than 50 bpf drop mortgage apps did not go up.
Posted on 9/27/24 at 10:21 pm to LSUtoBOOT
Bro Louisiana market never slowed up since 2008.
I moved from NC in 2011 and took an arse kicking buying in Baton Rouge.
North Carolina, Florida and Phoenix got hammered.
I moved from NC in 2011 and took an arse kicking buying in Baton Rouge.
North Carolina, Florida and Phoenix got hammered.
Posted on 9/28/24 at 12:52 am to Trevaylin
quote:l
Moral of the story is even if house prices come down, the expenses of owning a house do not
So the cost of rent is going up? Market cant collapse until there’s more roofs than people who need one.
Posted on 9/28/24 at 4:04 am to BilbeauTBaggins
quote:
$1080/month HOA better include a golf course, private jet, shuttle service to the private jet, open bar, high tier membership to Planet Fitness, TD Premium All-Acces, and a BangBros account on a VPN.
and a side hooker
Posted on 9/28/24 at 5:03 am to lsufan1971
$13K HOA? Hard pass.
Posted on 9/28/24 at 5:21 am to Trevaylin
That HOA fee has to include a private golf club membership.
Posted on 9/28/24 at 5:58 am to Trevaylin
I've mentioned this before on here.
We live in a suburb of DFW that shows the current population as 62,171.
There's 241 homes listed for sale on Zillow, most are around $200.00 a sq ft.
I can't figure out what is going on, if people can't afford them anymore, the taxes are killing them or something else.
Five years ago people were getting 20-30 offers a day on any listing.
We live in a suburb of DFW that shows the current population as 62,171.
There's 241 homes listed for sale on Zillow, most are around $200.00 a sq ft.
I can't figure out what is going on, if people can't afford them anymore, the taxes are killing them or something else.
Five years ago people were getting 20-30 offers a day on any listing.
Posted on 9/28/24 at 6:31 am to Trevaylin
Bidenomics is working.lol
Posted on 9/28/24 at 6:34 am to The Torch
Basically free money dried up. People aren't willing to leave sub 3% mortgages to buy at inflated prices and higher mortgage rates. Cash buyers have already bought. Blackrock and others are loosing there asses on inflated rentals. Bad times ahead for housing. Spend whatever money you have upgrading your current home.
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