- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Real estate is insane. Is this sustainable?
Posted on 3/17/21 at 9:38 pm to LSURussian
Posted on 3/17/21 at 9:38 pm to LSURussian
I like how every time you reply to Husss he never acknowledges you. Lol
0
Posted on 3/18/21 at 7:24 am to AUjim
HELOCs won’t be the problem. Most lenders tightened up a lot on the amount you could pull out of new HELOCs last year. Also, they are only for 10 years. The issue is all of the cash out refinances. Tons of people are pulling a lot of their equity out of their homes and rolling back into a 30 year loan.
Posted on 3/18/21 at 7:44 am to ghost2most
How does real estate in the USA compare to the rest of the developed world. And I am no expert, but I am just throwing it out there for thought. My suspicion is that property values here are simply catching up to (or at least trending towards) similar property values in Europe
Posted on 3/18/21 at 8:03 am to lynxcat
quote:
while possibly having an asset that increases in value as inflation pushes prices highe
People are overpaying now so value will be slow to increase.
Also, a home's only value is what someone is willing to pay for it.
Posted on 3/18/21 at 8:22 am to LSU1018
I have seen some people in high mortgages get rid of their HELOC by going into a JUMBO loan with better rates. Closed a $750k loan for 2.5%- Cannot beat that right now.
And since credit card rates are so high, some people would be crazy not to refinance and pay off that high interest rates. Especially, if they do not plan to move anytime soon
And since credit card rates are so high, some people would be crazy not to refinance and pay off that high interest rates. Especially, if they do not plan to move anytime soon
Posted on 3/18/21 at 8:47 am to boogiewoogie1978
quote:
People are overpaying now so value will be slow to increase.
To the downvoter. I'm sorry you overpaid.
Posted on 3/18/21 at 9:47 am to ghost2most
The yield on the 10 year bond is way up today at 1.747%.
Compare this to just 6 months ago when it was at .67% and you can expect that there will be some tempering of loan activity at least on the lower to middle range homes.
Compare this to just 6 months ago when it was at .67% and you can expect that there will be some tempering of loan activity at least on the lower to middle range homes.
Posted on 3/18/21 at 10:26 am to TMFBB21
quote:
I have seen some people in high mortgages get rid of their HELOC by going into a JUMBO loan with better rates. Closed a $750k loan for 2.5%- Cannot beat that right now.
I just did this. Home appraised almost $100,000 over my highest estimation. Was glad to get rid of the HELOC.
Page 6 of 6
Back to top
Follow TigerDroppings for LSU Football News