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Started By
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re: How much lower do housing prices need to go before people actually start buying?
Posted on 9/8/25 at 10:39 am to Cotten
Posted on 9/8/25 at 10:39 am to Cotten
quote:
Interest rates are the significantly larger issue at play here.
Nope. Interest rates are where they’re supposed to be currently.
Real estate and housing are significantly over-inflated.
A market correction (a recession in other words) might be the only solution that can reign in all the fiscal and monetary errors made by our federal government during the COVID pandemic. You can lower interest rates once a recession is here.
This post was edited on 9/8/25 at 10:41 am
0
Posted on 9/8/25 at 10:52 am to Cotten
Question to the old baws here, when did it become 30 year or has it always been 30 year mortgages
Posted on 9/8/25 at 10:53 am to tadman
The land size got smaller
Posted on 9/8/25 at 11:07 am to Dragula
the market is 95% first time homebuyers right now. In Baton Rouge if you have house less thank 300k in value it sales pretty quickly. Anything over 300k is going to sit on the market.
Posted on 9/8/25 at 11:09 am to boogiewoogie1978
I don't comprehend. . .sold my home last week. On the market for 6 weeks. Full ask. All cash. 
Posted on 9/8/25 at 11:10 am to NFLSU
quote:
Rising property taxes are another major reason so many people are renting instead of buying.
Well that makes 0 sense lol
Posted on 9/8/25 at 11:10 am to boogiewoogie1978
Price can be $20. If people don’t have decent pay, it doesn’t matter.
Posted on 9/8/25 at 11:13 am to Mingo Was His NameO
quote:
People think they need a starter house. Starter houses cost $300k
Downvote this all you want. But it doesn’t make it any less true.
I bought my first home in 2007 for $145,000. Three beds, 2 baths, 1/2 car garage. That same house today would be $250-275k.
If you are buying anywhere with decent schools in Louisiana, you are starting at damn near $300k. And at 7-10% if you’re a first time buyer.
Posted on 9/8/25 at 11:16 am to Powerman
quote:
I live in TX but I think there is about a 0 percent chance I'll retire here because of property taxes
Seniors get a lot of prop tax relief in TX.
Posted on 9/8/25 at 11:19 am to Yaboylsu63
quote:
Property taxes are the worst form.
Of all the taxes we pay, property taxes make by far the most sense, and everyone pays them so everyone has skin in the game.
Taxing productivity (income, sales) is bad.
Posted on 9/8/25 at 11:21 am to boogiewoogie1978
Enough so that Hedge Funds no longer think that Hoovering up houses to force renting is a good idea.
Posted on 9/8/25 at 11:23 am to Powerman
quote:
I live in TX but I think there is about a 0 percent chance I'll retire here because of property taxes
If you live in the Houston area don't forget you can move a 1/2 a mile away into a different MUD and cut your taxes 30% if the original MUD bonds are being paid off properly.
Posted on 9/8/25 at 11:24 am to JohnnyKilroy
quote:
Well that makes 0 sense lol
Quite the rebuttal you provided there!
Knowing at least 3 married couples who have sold their homes to rent, their out of control property taxes were a significant reason why.
Posted on 9/8/25 at 11:26 am to NFLSU
quote:
Knowing at least 3 married couples who have sold their homes to rent, their out of control property taxes were a significant reason why.
You knowing 3 retards doesn’t mean anything
Posted on 9/8/25 at 11:26 am to NFLSU
quote:
Knowing at least 3 married couples who have sold their homes to rent, their out of control property taxes were a significant reason why.
So now they pay their landlord's out of control property taxes. Hope it works out for them.
Posted on 9/8/25 at 11:26 am to boogiewoogie1978
Property tax pisses me off to no end. It’s a rent of your land from the government. I fricking hate it.
I understand that taxes are required for a functioning society and government to work, but man I despise not owning my home.
Same reason I hate all the new streaming services
I understand that taxes are required for a functioning society and government to work, but man I despise not owning my home.
Same reason I hate all the new streaming services
Posted on 9/8/25 at 11:28 am to Oilfieldbiology
quote:
Property tax pisses me off to no end. It’s a rent of your land from the government. I fricking hate it.
I understand that taxes are required for a functioning society and government to work, but man I despise not owning my home.
So you’d rather pay production or excise taxes to the federal government?
Posted on 9/8/25 at 11:30 am to Mingo Was His NameO
I’d rather state and federal taxes be shifted to strictly consumption based. Keep all of what you earn and the county tax collector can’t kick you off your land. People are addicted to spending on useless crap revenue would soar imo
Posted on 9/8/25 at 11:30 am to Oilfieldbiology
quote:
Property tax pisses me off to no end. It’s a rent of your land from the government. I fricking hate it.
I love it because it typically decentralizes the tax receipts and typically keeps more of your tax dollars local then the alternatives.
If you prefer to have all your taxes go to your state capitol for redistribution, I could see where you'd be less in favor of local property taxes.
Posted on 9/8/25 at 11:31 am to cbree88
quote:
We need a correction in the market ( we need a recession in other words), not lower interest rates. Get ready to hunker down and endure the market correction that has been needed since the government screwed everything up during Covid with irresponsible fiscal and monetary policies.
Lowering interest rates right now will ramp up inflation again after we just finished curtailing it.
All of this is accurate.
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