- 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
0
Posted on 9/15/22 at 1:41 pm to stout
All lies. I know because Sleepy Joe tells me so. Just like they got caught double counting employee hires yesterday. Or how they’ve lowered gas prices by using the Strategic Reserve at a record pace. Reserve that will need to be replaced at twice price per barrel and thus killing debt.
They’re cooking the books because November is coming.
They’re cooking the books because November is coming.
Posted on 9/15/22 at 1:42 pm to stout
quote:How much time do people have to spend with their children having to pay all that?
average new home price is $547k
Posted on 9/15/22 at 1:45 pm to stout
quote:
Today: 30-yr mortgage rate is 6.02% & average new home price is $547k
Result: $28k increase in down payment (assuming 20% down) and 96% increase in monthly payment (from $1,343 to $2,628)
now add escrow cost in south LA for hazard and flood increases.
Posted on 9/15/22 at 1:47 pm to stout
Glad I bought 3 years ago.
Equity rich, bitches!
Equity rich, bitches!
Posted on 9/15/22 at 1:48 pm to Mingo Was His NameO
quote:
The day after the NBA pulled players off the court, you had no idea if that was true or not.
Covid in America is 100% Rudy Gobert's fault. Dang frenchman
Posted on 9/15/22 at 1:48 pm to Ingeniero
quote:
Take note, don’t ever seek advice here
Most of this board has an IQ within 2 standard deviations of their BMI.
You guys acting like the crash has happened already. This is just the appetizer. A sort of dead cat bounce.
Posted on 9/15/22 at 1:50 pm to Hurricane Mike
quote:
Now it’s time to ride out this Democrat and RINO induced shitstorm.
We are all about to ride this one together right over the waterfall.
Posted on 9/15/22 at 1:52 pm to stout
The higher price is actually good for any American home owner - but the dramatic rise in mortgage rates (that was largely self inflicted by my analysis) is an absolute Tyson-Esque blow to American families and ultimately the economy and eventually employment - we got a chance to rectify to some extent in November and again in two Novembers
Posted on 9/15/22 at 1:53 pm to stout
quote:luckily all of our incomes went up that much to compensate! phew, that woulda hurt!
Result: $28k increase in down payment (assuming 20% down) and 96% increase in monthly payment (from $1,343 to $2,628)
Posted on 9/15/22 at 1:58 pm to stout
quote:something really doesn’t add up. Average household income is like $70k and that’s only if you exclude rural areas. You’re telling me most Americans have homes that are 8x their income?
Today: 30-yr mortgage rate is 6.02% & average new home price is $547k
Posted on 9/15/22 at 2:01 pm to stout
quote:
Result: $28k increase in down payment (assuming 20% down) and 96% increase in monthly payment (from $1,343 to $2,628)
Buyer A purchases home in 2020.
Buyer B purchases similar home in 2022.
Buyer A pays $485,000 over the life of the mortgage
Buyer B pays $950,000 over the life of the mortgage.
Assume Buyer A invests those extra $15,000 savings each year in a broad market tracking index fund with tax advantages over the next 30 years and the market performs at historical averages for that time period.
Buyer A will finish about $2 million ahead in the retirement race, including home equity, just because he bought the same house a few years earlier than Buyer B. Amazing how little things can snowball into significant lifestyle outcomes.
Posted on 9/15/22 at 2:03 pm to wileyjones
quote:
You’re telling me most Americans have homes that are 8x their income?
I think you’re overestimating how many Americans own their home.
Posted on 9/15/22 at 2:03 pm to wileyjones
quote:Median price for a US home purchase for the 1st quarter of 2022 was around $428k, up by about $100-120k a year ago.
You’re telling me most Americans have homes that are 8x their income?
quote:
According to Federal Reserve Economic Data, the median price of houses sold in 2022 is $428,700. The average sales price in the same period is higher, at $507,800.
This post was edited on 9/15/22 at 2:05 pm
Posted on 9/15/22 at 2:12 pm to wileyjones
quote:
You’re telling me most Americans have homes
No, most Americans don't, there's your answer.
Posted on 9/15/22 at 2:17 pm to PureBlood
quote:
Thanks to a bunch of easily butthurt pussies who couldn't delete their twitter accounts
The fed also waited way too long to raise rates. Way too long.
Posted on 9/15/22 at 7:14 pm to stout
Rates for Veterans 2.5
Posted on 9/15/22 at 7:19 pm to lsupride87
quote:
And two years ago this board was laughing at anyone buying because “the bubble is bursting soon” Take note, don’t ever seek advice here
Wait. You don’t think housing prices are about to come crashing down?
Posted on 9/15/22 at 7:25 pm to Ingeniero
quote:
Locked in at 2.8% while the world was "flattening the curve
Same. Went to an “open house” in Austin the weekend after the Covid lock downs happened at the end of March.
Our realtor didn’t want us to, and told us that all of her other clients had stopped touring “occupied homes” and the sellers also wanted to cancel the open house. Then they agreed to still let us (and others who wanted to that day) in to tour but we “we weren’t allowed to open and doors, cabinets, or touch anything” as they opened every door in the house before leaving. Had to wear covers on our shoes, realtor couldn’t come in with us, it was all so ridiculous.
We ended up being the only showing, so we put in an offer at asking and they accepted the next day.
A month later every house in the neighborhood had cars around the blocks for showings, 20-30 offers per house going for 50-100k over asking after sellers spent a week getting highest offers.
This post was edited on 9/15/22 at 8:05 pm
Posted on 9/15/22 at 7:25 pm to WaWaWeeWa
We’re still several years away from adequate inventory. Home prices/values more than likely won’t be rising exponentially like they have been doing the past couple of years. More than likely we are going to see a stabilization, if you will, and somewhere around 2-4% appreciation rates, maybe 4-7% in hotter markets.
Page 5 of 6
Popular
Back to top
Follow TigerDroppings for LSU Football News