- 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 7:35 pm to Paul Allen
quote:
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.
if you say so All you ever talk about is inventory like that’s the only variable in the equation.
There is going to be plenty of inventory when people start defaulting when they get laid off. You clearly don’t grasp what we are on the precipice of.
This post was edited on 9/15/22 at 7:35 pm
Posted on 9/15/22 at 7:37 pm to WaWaWeeWa
Fascinating take, but I think you’re wrong.
Posted on 9/15/22 at 7:39 pm to Paul Allen
We will find out soon enough 
Posted on 9/15/22 at 7:42 pm to Paul Allen
Fed funds target rate for the end of the year is around 4-4.5%. That’s almost double where we are now.
Mortgage rates could be close to 10% by that time.
Equity is going to be expensive as shite and this countries growth was predicated on cheap cash. The entire economy is about to grind to a halt which is going to lead to massive unemployment.
Like Obama said, don’t underestimate Joe’s ability to frick things up.
Mortgage rates could be close to 10% by that time.
Equity is going to be expensive as shite and this countries growth was predicated on cheap cash. The entire economy is about to grind to a halt which is going to lead to massive unemployment.
Like Obama said, don’t underestimate Joe’s ability to frick things up.
Posted on 9/15/22 at 7:42 pm to Ingeniero
Refinanced during COVID at 2.875 for 15 years. That was the best available rate at the time from my bank. They said they'd rather not loan out money than go lower.
In retrospect they were right and I got a deal
In retrospect they were right and I got a deal
This post was edited on 9/15/22 at 7:49 pm
Posted on 9/15/22 at 7:43 pm to WaWaWeeWa
quote:
All you ever talk about is inventory like that’s the only variable in the equation.
He's like a broken record with that one hot take
Posted on 9/15/22 at 8:21 pm to stout
Purchased my first home in July this year with a FHA loan at 3.8%. Conventional was around 4.5% at that time. The housing market in Madison, AL is still going crazy, even with the higher rates. A house a block over from me that was smaller and on a lot smaller lot just sold for $30k more than my house did. There is a lot of money flowing in the Huntsville area, I don't know when the market here will crash.
Posted on 9/15/22 at 8:22 pm to stout
Average home price is $550?
I find that extremely hard to believe that's absurd. People about to be house poor as frick if they are dumb enough to pay that
I find that extremely hard to believe that's absurd. People about to be house poor as frick if they are dumb enough to pay that
This post was edited on 9/15/22 at 8:24 pm
Posted on 9/15/22 at 8:23 pm to QuothTheRaven
quote:
I don't know when the market here will crash.
More than likely it won’t and if it does it will be minimal compared to areas that aren’t as hot as greater Huntsville is at the moment.
Posted on 9/15/22 at 8:36 pm to Scruffy
quote:
Thanks to a bunch of cowardly assholes, including 90+% of this board, who supported shutting down the world.
While true, there has been TONS of continued govt spending since then.
Posted on 9/15/22 at 8:53 pm to stout
quote:
You guys acting like the crash has happened already. This is just the appetizer
this
Posted on 9/15/22 at 9:16 pm to Pelican fan99
quote:
Average home price is $550?
When mortgage rates are 10% in the next year the interest on the average home will be equal to the average US salary.
Their entire salary.
Before taxes.
Just for the interest.
But prices are going to keep going up
Posted on 9/15/22 at 9:24 pm to WaWaWeeWa
quote:put your prediction down on paper then mister doomsdayer
There is going to be plenty of inventory when people start defaulting when they get laid off. You clearly don’t grasp what we are on the precipice of.
I bought a new home back in March. Paid over asking. It appraised for $50k more than that. I’m not expecting to see a bottom fall out on it but I’m willing to hear your prediction on when it will.
Posted on 9/15/22 at 9:32 pm to SuperSaint
My prediction is here for as long as the hamsters keep the servers running
Is this your evidence to support the idea that prices aren’t going down?
quote:
Paid over asking. It appraised for $50k more than that.
Is this your evidence to support the idea that prices aren’t going down?
Posted on 9/15/22 at 9:41 pm to SouthMSReb
quote:
This is fricking unbelievable to me
i remeber when 7% was the lowest you could get
Posted on 9/15/22 at 9:51 pm to stout
And your point is? Lol
Page 6 of 6
Popular
Back to top
Follow TigerDroppings for LSU Football News