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Posted on 9/26/22 at 7:52 pm to rickgrimes
Columbus, OH is a “top” metro?
Posted on 9/26/22 at 8:04 pm to rickgrimes
Why does the left column say "rank" when this is just an alphabetical list?
Posted on 9/26/22 at 8:10 pm to SlimTigerSlap
When trump had a supply side problem he addressed the problem quickly.
Trump knew how to pressure foreign entities to get us what we needed. And if he didn’t like their response, he moved to fund the solution in America. He spent like money wouldn’t run out but he made sure issues were directly rectified to keep everything moving.
Biden just scratches his tiny nuts and says oh well. Basically encourages the problem to get worse.
Trump knew how to pressure foreign entities to get us what we needed. And if he didn’t like their response, he moved to fund the solution in America. He spent like money wouldn’t run out but he made sure issues were directly rectified to keep everything moving.
Biden just scratches his tiny nuts and says oh well. Basically encourages the problem to get worse.
Posted on 9/26/22 at 8:11 pm to rickgrimes
“Typical” home means guttershit. If you’re a college graduate, two-person income family, you need a lot more than those incomes to afford a home in those areas to meet an appropriate standard of living.
Posted on 9/26/22 at 8:46 pm to rickgrimes
I'm betting a "typical home" is gonna be wildly different in each of those areas.
Posted on 9/26/22 at 8:48 pm to rickgrimes
No fricking way 57k was the number for Miami in 2020. No fricking way
Posted on 9/26/22 at 8:48 pm to member12
quote:
Home prices have to come down
The cost of a house 200 years ago was about $5000.
Inflation lasts for the life of a country, and sometimes beyond.
Posted on 9/26/22 at 9:06 pm to member12
quote:
Home prices have to come down.
Define have to?
We’re still several years away from adequate inventory, especially in top 10 markets.
They’ll more than likely appreciate at a more realistic and modest 3-4% annually, not the 20 plus percent that we have seen the past couple of years.
Posted on 9/26/22 at 9:14 pm to Paul Allen
The past two years, almost all new homes in my area have gone for 700-800k. These were usually purchased by dual income families who were close to their max. They were built and purchased during a time when interest rates were between 2-3%. Imagine these same home prices, now seeing a 5.5-7% rate. On a 800k mortgage, that is a substantial amount more a month. With less demand for a home in this range, it should certainly drive prices down - even with low inventory.
Posted on 9/26/22 at 9:21 pm to rickgrimes
Also, note these are for metros, not cities. So, they are including suburbs.
Posted on 9/26/22 at 9:21 pm to jsquardjj
So by your logic they will come down since rates are high but when the rates go back down the home prices are going to go back up?
Posted on 9/26/22 at 9:22 pm to tterrific
quote:
It's almost like giving out vast sums of government money causes prices to soar.
Someone should look into this.
It wasn't smart, but there's a shite ton more to the problem
Posted on 9/26/22 at 9:23 pm to StringedInstruments
quote:yeah these numbers aren't great because they don't take unlivable ghetto neighborhoods into account
“Typical” home means guttershit. If you’re a college graduate, two-person income family, you need a lot more than those incomes to afford a home in those areas to meet an appropriate standard of living.
a place like austin tx or portland me has a much higher percentage of livable area than a baton rouge or baltimore
Posted on 9/26/22 at 9:25 pm to Paul Allen
quote:
So by your logic they will come down since rates are high but when the rates go back down the home prices are going to go back up?
That's kind of exactly how borrowing rates work
Posted on 9/26/22 at 9:30 pm to Mingo Was His NameO
I get that, but the post doesn’t acknowledge annual appreciation rates. Home prices are more than likely going to stabilize, regardless of interest rates.
Posted on 9/26/22 at 9:48 pm to mattz1122
Facts I heard he's looking in old metarie.
Get in now before the market trends up
Get in now before the market trends up
Posted on 9/26/22 at 9:49 pm to Paul Allen
quote:
Home prices are more than likely going to stabilize, regardless of interest rates
Id bet a large sum home prices will be lower in 18 months when they are now
Posted on 9/26/22 at 9:54 pm to rickgrimes
30% of gross pay is insane.
Posted on 9/26/22 at 9:55 pm to rickgrimes
List is alphabetized, what a shitty way to sort
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