Posted by
Message
kywildcatfanone
Kentucky Fan
Wildcat Country!
Member since Oct 2012
101673 posts
 Online 

re: If you promise me housing prices go down
Keep voting for what you are getting. You must like it


Replies (0)
Replies (0)
30
BR92
Member since Apr 2021
412 posts

quote:

You'll own nothing, and you'll be happy.


This is historically incorrect. I have owned nothing, and I was not happy.


Replies (0)
Replies (0)
30
Abstract Queso Dip
Member since Mar 2021
5713 posts

This ain't wall street this is private equity. I mean there are some publicly traded REITs out there but most of the stuff is being bought by companies that have no wallstreet presence. Granted many of the founders did work on Wall Street. Take Pretium partners. They own Progress Residential. They buy and sell loans on top of buying and managing a portfolio of real estate properties. The whole loan stuff is just for fun.


Taurus
Loozianna
Member since Feb 2015
3834 posts
 Online 

I'm in the market to sell, but sticker shock and m-rates are not good for buyers.

Add oil prices and overall inflation and the bet is people will stay put for now. 2008 repeat?


Replies (0)
Replies (0)
11
WhiskeyThrottle
Member since Nov 2017
3741 posts
 Online 

Your OP insinuates he voted for the empty suit in the WH currently. . . He was sold a bag of goods, so why not make an empty promise. He's used to buying people's words on face value.


Replies (0)
Replies (0)
20
Aubie Spr96
Utah Fan
lolwut?
Member since Dec 2009
37203 posts

quote:

Newsflash, most Republicans are shite too.



Republicans voted for every spending bill in the last twenty years. Fact.


Replies (0)
Replies (0)
21
Jack Daniel
US Space Force Fan
In the bottle
Member since Feb 2013
22721 posts
 Online 

Quit looking for the government to save you


Replies (0)
Replies (0)
00
Dragula
Alabama Fan
Laguna Seca
Member since Jun 2020
2615 posts

Crazy how many liberal Aggys there are out there...


Replies (0)
Replies (0)
00
REB BEER
Laffy Yet
Member since Dec 2010
14161 posts



Replies (0)
Replies (0)
21
funnystuff
Member since Nov 2012
7671 posts

Sorry, but that’s bull shite. In many MSAs, a $300k home today would have been a $160k home a decade ago.

First time homebuyers are going after the same units they’ve always gone after, but the rapid price spikes have pushed them out of those markets.





You are correct about it being good for current home owners though. But I’ll still argue that the value of inflated home prices accruing to that 65% of the population today is far less than the cost of the same dynamic building to the collective sum of every future generation. If these market conditions persist, that 65% will quickly turn to 60%, and that 60% will quickly plunge towards 50% from there.

I don’t think we should be leveraging the future accessibility of the single most important asset class in the country for some short run gains.
This post was edited on 6/7 at 8:31 am


Replies (0)
Replies (0)
10
greygoose
Auburn Fan
Member since Aug 2013
9074 posts

quote:

Average income to housing cost ratio is worse than before the last housing bubble popped. Prices will definitely go down, welcome to the republican party

What this guy said.

The days of selling a house within hours of listing, are becoming rarer. I'm seeing price reductions on Zillow quite a bit more now.


Replies (0)
Replies (0)
20
Joshjrn
LSU Fan
Baton Rouge
Member since Dec 2008
21771 posts

quote:

And if you already own a home they are artificially inflating the value of your home, which is a positive for the 65% of Americans already owning a home..

One of the major issues is first time homebuyers think they are entitled to an amazing $300k home. That has never been the case with any prior generation. Many lived in apartments or townhomes or condos or $160k homes as their first time home. Expectations of young homebuyers is unreasonable.


You're amazingly out of touch with what the "bottom" of the housing market has done in the last decade or so.


Replies (0)
Replies (0)
30
fallguy_1978
LSU Fan
Best States #50
Member since Feb 2018
41314 posts

quote:

People say this a lot, but unless you’re planning to be in the house only around 5 years is it really worse? Principal will be constant over the long term but you can always refinance. Implied here is that people don’t think they will be in the house they buy long term, which begs the question why did you buy in the first place? A lot of buying just to buy and check the life checklist box going on.

I wouldn't necessarily buy a home these days that I planned on being in less than 5-7 years but people do change jobs and move around a lot more these days. I think the average person owns 3 homes in their lifetime now.


funnystuff
Member since Nov 2012
7671 posts

That’s fair. I tend to use Wall Street as a catch all term for various big-monied interest, but that’s almost certainly an irresponsible way to describe this market. My bad, I’ll try to be more precise in future posts


Replies (0)
Replies (0)
00
udtiger
US Space Force Fan
Over your left shoulder
Member since Nov 2006
88859 posts

At some point, they will.


Replies (0)
Replies (0)
00
Scruffy
USA Fan
Kansas City
Member since Jul 2011
69468 posts

quote:

One of the major issues is first time homebuyers think they are entitled to an amazing $300k home. That has never been the case with any prior generation. Many lived in apartments or townhomes or condos or $160k homes as their first time home. Expectations of young homebuyers is unreasonable.


That doesn’t exist anymore.

The $160k home is the $300k home.
This post was edited on 6/7 at 8:40 am


iron banks
LSU Fan
Destrehan
Member since Jul 2014
3510 posts

Great if u got a cash position.


Replies (0)
Replies (0)
00
Taurus
Loozianna
Member since Feb 2015
3834 posts
 Online 

And if not mistaken rent prices are increasing and will only increase w/ high prices.....But I've read many(some or a few) are doing the 5th wheel thing.


sawtooth
LSU Fan
Baton Rouge
Member since Jul 2017
3588 posts

Republicans were all for the stupid low interest rates as well.

They also did not speak out against shutting down the economy for Covid.

Left wing. Right wing. Same bird.


ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
21948 posts
 Online 

Keep voting democrat but do so in major metro democrat areas and live in those areas to see your vote come to fruition. Don’t own guns and use public transportation as well.


Replies (0)
Replies (0)
01
first pageprev pagePage 2 of 4next pagelast page

Back to top

logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram