- 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: Home prices will go down this summer as sellers can't postpone listing any longer
Posted on 6/12/24 at 6:17 am to stout
Posted on 6/12/24 at 6:17 am to stout
Damn. I believe we overpaid to begin with when the mortgage rates were 3.75. I doubt we’ll even be able to get our money back if we sold.. even with a new roof we put on.. come on gentrification! Where the gays at!?
0
Posted on 6/12/24 at 6:34 am to Meauxjeaux
quote:
Was $400k.
Inflated to $1M.
Cut to $700k.
According to Hookah you "live on a crime ridden street"
This post was edited on 6/12/24 at 6:35 am
Posted on 6/12/24 at 6:58 am to Teddy Ruxpin
Property taxes in Travis County are insane. Some homes are over $1400 a month in taxes and aren’t even valued at $700,000.
Posted on 6/12/24 at 7:04 am to stout
quote:
Homes in key metros, like Florida and Texas
Homes is our suburb are still selling within days at ridiculous prices. We still have another year before our son leaves for college and will likely miss out on this sellers market. Even still, our home will still sell for almost twice what we paid for it in 2012.
Posted on 6/12/24 at 7:08 am to stout
quote:
Austin has reportedly been hit hard by cuts as well.
People have been talking about this bubble for a while.
Posted on 6/12/24 at 7:10 am to Meauxjeaux
quote:
in areas like Cape Coral
Cape Coral is a terrible example. It was hit very hard by Ian and a lot of people decided that living on a waterway that close to the Gulf wasn't a great idea after all. Add to that the escalating costs of insurnace, utlilities, etc.
Posted on 6/12/24 at 7:19 am to grizzlylongcut
I noticed a few homes in my area for sale yesterday. Maybe it’s summer moving. Or insurance forcing them out. One little house, cute, but no more than 1300 sq and on a busyish street and across from school went for $275k, at a $5k decrease. I’ll be interested to see what it actually sold for. I would not have expected it to sell that high due to location. Down the street almost $400k, but it went off market so don’t know if sold or decided to rent it.
Posted on 6/12/24 at 7:53 am to Joshjrn
quote:
Ok, those cities sound legit made up
Yeah a lot of LA names definitely don’t sound made up either
Posted on 6/12/24 at 7:57 am to grizzlylongcut
quote:
The Consumer Price Index (CPI), which measures inflation on the consumer level, was unchanged month over month, compared with expectations of a 0.1% gain, and decreased 0.1% to 3.3% year over year, better than estimates of 3.4%. The Core CPI Rate, which strips out food and energy prices, increased by 0.2% for May, which was lower than expectations of 0.3%, and decreased 0.2% to 3.4% year over year, below estimates of 3.5%.
Home prices arent going down if this trend continues
This post was edited on 6/12/24 at 7:57 am
Posted on 6/12/24 at 7:57 am to LSUGrrrl
quote:
Even still, our home will still sell for almost twice what we paid for it in 2012.
Will that profit put you in a better house with prices today though?
Posted on 6/12/24 at 8:06 am to SDVTiger
quote:
Home prices arent going down if this trend continues
The morons on here pushing a 'housing crash' narrative are a bunch of god damn morons. There isn't enough supply for one. Mortgage rates aren't going down significantly any time soon either and if Biden wins are more likely to hit 9% than go down to 6%.
Anyone who can afford to buy now should as prices are not coming down in major metro areas with huge job centers. If you live out in a rural area(s) they might come down some. These idiots that have been sitting on the sidelines renting for three or four years have watched rates and prices soar and lost out on a ton of equity.
Posted on 6/12/24 at 8:08 am to TaderSalad
quote:
And frickhead Joe will raise the rates
Folks I gotta tell ya, they aren’t sending us their best and brightest.
Posted on 6/12/24 at 8:11 am to ronricks
quote:
Mortgage rates aren't going down significantly any time soon either
Well this is false
Posted on 6/12/24 at 8:14 am to Paul Allen
quote:
Property taxes in Travis County are insane. Some homes are over $1400 a month in taxes and aren’t even valued at $700,000.
Ya I never said it was cheap
Posted on 6/12/24 at 8:16 am to stout
Already happening
The rate of price reductions on current listings is at the high end of the range
The rate of price reductions on current listings is at the high end of the range
Posted on 6/12/24 at 8:18 am to VABuckeye
quote:
Cape Coral is a terrible example. It was hit very hard by Ian and a lot of people decided that living on a waterway that close to the Gulf wasn't a great idea after all. Add to that the escalating costs of insurnace, utlilities, etc.
My dad knows that all too well. He's on a canal just off the Caloosahatchee, eye went right over his place. No homeowners. Got it looking better than ever now though
Posted on 6/12/24 at 8:19 am to ronricks
quote:
There isn't enough supply for one.
There's plenty of supply, just not where everyone has moved to in the last five years (or wants to move).
Posted on 6/12/24 at 8:20 am to SDVTiger
quote:
Well this is false
Not happening and if they do it will be very very slow. Fast to rise slow to go down.
Posted on 6/12/24 at 8:21 am to LSUGrrrl
quote:
Homes is our suburb are still selling within days at ridiculous prices. We still have another year before our son leaves for college and will likely miss out on this sellers market. Even still, our home will still sell for almost twice what we paid for it in 2012.
I believe it. I sold a house in Coles Crossing in Cypress back at the end of 2023. It lasted a whole 1 weekend on the market.
Posted on 6/12/24 at 8:22 am to ronricks
quote:
Not happening
Its already happening
Page 5 of 7
Popular
Back to top
Follow TigerDroppings for LSU Football News