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re: How imminent is a housing crisis in this country?
Posted on 10/20/26 at 6:49 pm to TheGhostOfBigLee
Posted on 10/20/26 at 6:49 pm to TheGhostOfBigLee
Paid cash for what I could afford. Not worried about it.
Posted on 10/20/26 at 6:56 pm to BabyTac
quote:
Paid cash for what I could afford. Not worried about it
Is your mom charging you rent for living in her basement? I guess your Papa John’s income covers that.
Posted on 10/20/26 at 7:08 pm to BabyTac
Remember when you blamed the firefighter and lsu student for their deaths yesterday?
Posted on 10/20/26 at 7:15 pm to TheGhostOfBigLee
quote:
How imminent is a housing crisis in this country?
About as imminent as Hillary Clinton’s arrest.
Posted on 10/20/26 at 7:18 pm to Oilfieldbiology
quote:You're so funny!
The boomers need to recognize that their homes are no longer selling for what they’re 5-10 years ago and need to start lowering the fricking prices.
A house that we are about to sell is at an all time high - based upon close comps.
But dream on.
Posted on 10/20/26 at 7:19 pm to TheGhostOfBigLee
man i've been hearing for 10 years now about a crash coming
maybe it's not
water will find its level
maybe it's not
water will find its level
Posted on 10/20/26 at 7:32 pm to Oilfieldbiology
Posted on 10/20/26 at 7:55 pm to TheGhostOfBigLee
Galveston is in the middle of one
Posted on 10/20/26 at 7:59 pm to Jake88
quote:
Boomers paid 14% at times you little no count Z'er.
It was 18% at one point.
But that begs the question. Was home ownership more expensive in 1980 with astronomical interest rates than it is now? Some say no.
The argument has to do with real wages and income growth and housing prices. Can’t say I fully understand it.
I do hate to see young people struggling for home ownership, though.
Posted on 10/20/26 at 8:00 pm to Oilfieldbiology
No where as close as people think.. I'm in residential construction… DSLD and DR Horton not having trouble selling homes… most buyers would rather a new home for a lower price
Posted on 10/20/26 at 8:01 pm to TheGhostOfBigLee
quote:
rapidly approaching 8%
This post was edited on 10/20/26 at 8:02 pm
Posted on 10/20/26 at 8:03 pm to TheGhostOfBigLee
quote:
Let’s hear it scholars of the OT. Mortgage rates are rapidly approaching 8% and home sales are at multi decade lows. What do y’all say?
Oh no rates are hovering around historical averages . . . Crisis is definitely looming.
Posted on 10/20/26 at 8:04 pm to HoustonGumbeauxGuy
quote:
Galveston is in the middle of one
Which is entirely the result of the STR market. I don’t know if one investor group preying on another qualifies as a housing crisis.
Posted on 10/20/26 at 8:04 pm to Solo Cam
quote:
man i've been hearing for 10 years now about a crash coming
That’s because you think the housing market is only crashing when prices fall. The mortgage business is experiencing the worst volume declines and margins on record
Posted on 10/20/26 at 8:08 pm to TheGhostOfBigLee
It’s already a crisis now.
13-1400sq ft houses are selling for 350-400k.
Plus the APR is at like 6.5%
And what’s amazing is that 5 years ago, realtors were telling people date the rate, marry the house and got people sucked into basically paying 2 mortgages for one house
13-1400sq ft houses are selling for 350-400k.
Plus the APR is at like 6.5%
And what’s amazing is that 5 years ago, realtors were telling people date the rate, marry the house and got people sucked into basically paying 2 mortgages for one house
Posted on 10/20/26 at 8:09 pm to wutangfinancial
quote:
That’s because you think the housing market is only crashing when prices fall. The mortgage business is experiencing the worst volume declines and margins on record
Which will likely avg out the record volume highs and margins they had the past 20 years.
Posted on 10/20/26 at 8:10 pm to Fat and Happy
quote:
13-1400sq ft houses are selling for 350-400k.
If they are selling then it must not be much of a crisis.
Posted on 10/20/26 at 8:18 pm to Fat and Happy
quote:
the artificially low mortgage rates during the pandemic were an anomaly created by extraordinary monetary intervention. People became accustomed to borrowing at 2% or 3% and somehow concluded that this was normal. It was NEVER normal. The Federal Reserve suppressed interest rates, purchased enormous quantities of mortgage-backed securities and government debt, and helped create one of the most distorted real estate markets in American history. Home prices exploded because buyers could suddenly borrow more money at artificially low rates, and now those inflated property values remain while the cost of financing has more than doubled
The Housing Market Is Not Returning to 2020 Armstrong Economics
Posted on 10/20/26 at 8:21 pm to TheGhostOfBigLee
My kids are getting bunk beds. Cheaper than a new house with an extra room or two.
Posted on 10/20/26 at 8:26 pm to Ben Rumson
quote:
Should help if it was an honest effort by Congress
Lol, they can easily form shell companies under the new law and buy through them.
Technically, its a supply issue but on paper it doesn't look like one because there's millions of properties in small po dunk towns with zero job opportunities that need thousands of dollars in repairs. You can find deals in places like Opelousas, New Iberia, or some town outside of declining metro in the South or the Midwest. Good luck in finding that in driving distance of places like Charlotte, Houston, or some other place.
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