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re: Predicting a 30 year mortgage rate around October 2022?
Posted on 6/28/23 at 5:20 am to JeemVL
Posted on 6/28/23 at 5:20 am to JeemVL
quote:This bot is obviously related to Brian/BrainKellyRespector of Ukraine War Thread fame on the OT.
Hey there! Planning ahead for your mortgage is a smart move. While it's challenging to predict exact rates, many factors influence them. Based on current trends and projections, it's possible that rates around October 2022 could be lower than your conservative estimate. However, it's always a good idea to prepare for various scenarios. Hope your plan works out!
0
Posted on 6/28/23 at 6:41 am to JeemVL
quote:
Hey there! Planning ahead for your mortgage is a smart move. While it's challenging to predict exact rates, many factors influence them. Based on current trends and projections, it's possible that rates around October 2022 could be lower than your conservative estimate. However, it's always a good idea to prepare for various scenarios. Hope your plan works out!
What is this shite?
Posted on 6/30/23 at 12:47 am to TigerGrad2011
Owners selling out to make some money.
Posted on 6/30/23 at 8:37 am to MrJimBeam
quote:
Something's gotta give sooner or later. It's not sustainable for the first time home buyers.
We massively under-built after the financial crisis. There is still a housing shortage. The buyers driving the uptick in home prices is somewhat related to new home buyers. The average age of first time homebuyers is around 36 in the US. It is related to the average age of homebuyers now being in the sweet spot for people making more money and having kids, which justifies larger houses. You say it is unsustainable, but it is actually part of the reason prices are still high. It has certainly not been a deterrent.
The idea that a 22-28 year old is entitled to a large three bedroom two bath house in a nice neighborhood is a fantasy. Only in the last 20 years has that idea been considered essential. In the generations before, new homebuyers were younger and purchased smaller/older/more affordable homes. Now, those age 22-30 are renting or moving back in with parents. The new homebuyer today is older and has more money than previous generations.
Posted on 6/30/23 at 9:31 am to go ta hell ole miss
quote:
There is still a housing shortage.
I’ve said multiple times on here that there’s a housing shortage and we’re still years away from adequate inventory but yet I have been downvoted for saying this.
Not sure why.
Posted on 6/30/23 at 9:37 am to go ta hell ole miss
quote:
The idea that a 22-28 year old is entitled to a large three bedroom two bath house in a nice neighborhood is a fantasy. Only in the last 20 years has that idea been considered essential. In the generations before, new homebuyers were younger and purchased smaller/older/more affordable homes. Now, those age 22-30 are renting or moving back in with parents. The new homebuyer today is older and has more money than previous generations.
In the generations before, small 3/2 or 2/1.5 homes had been built within the last decade. No one has built a traditional “starter home” in the last couple of decades with any regularity. Land has simply gotten too expensive. Browbeating young adults for not buying what doesn’t exist is just mental masturbation.
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