- 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
0
Posted on 11/13/23 at 2:17 pm to stout
quote:
The other day Ron tried to accuse me of saying a crash was imminent yet could never provide one single link of me saying a crash was going to happen when I asked him to. He couldn't. I simply post data and links for discussion yet in his simpleton brain he sees that as wishcasting.
Ron is not very bright.
Says the guy who has literally spent years on here posting graphs, charts, etc. that have not resulted in a real estate crash. Because something was true or happened in 1970 that doesn't mean it will happen today. Your whole existence on here has been one big wishcasting for either the economy or housing market to crumble and it hasn't happened. Maybe one day you will be right.
Posted on 11/13/23 at 2:19 pm to stout
quote:
"Marry the house, date the rate"
This makes no sense. I thought the whole idea of getting married was that you stop dating. This is kinda like when they were suckering people into ARMs “rates are only going down you got nothing to worry about” which was true until it wasn’t. My dad was in sales when I was younger even sold real estate for a while and one of the most important things he taught me about sales was that you can shear a sheep their whole life but you can only skin them once.
Posted on 11/13/23 at 2:23 pm to stout
The rate is like a high-conflict baby mama you’re stuck with for years after a drunken one-night stand.
Posted on 11/13/23 at 2:24 pm to ronricks
quote:
Says the guy who has literally spent years on here posting graphs, charts, etc. that have not resulted in a real estate crash. Because something was true or happened in 1970 that doesn't mean it will happen today.
All markets are fake now
If the housing market looks weak the feds print money to prop it up. If the stock market looks weak the feds print money to prop it up.
This keeps the boomers controlling Washington fat and happy and keeps the boomers at home from revolting because “their house goes up in value every year” and it doesn’t matter that the currency is being debased because they’re gonna die soon. Plus millenials get to suffer, which absolutely tickles boomers pink
Posted on 11/13/23 at 2:50 pm to ronricks
Ron, I kindly ask once again to link to me actually predicting a crash
Posted on 11/13/23 at 2:50 pm to slacker130
quote:
I kinda have the reverse situation. Too big of a house now that a couple of kids have moved out. I'd love to downsize from 4,200 sq ft, but I can't let go of my 2.25%
Not so subtle brag.
Posted on 11/13/23 at 3:34 pm to Swagga
quote:What?
I get what you’re saying, but I don’t think her point is totally invalid either.
Her point is literally to not worry about the rate because it'll go down and you can refinance.
And in the same post, she used an example of rates not going down for 22 years, so when do I refinance if that happens again? I don't, i get stuck with a crazy high rate that this realtor promised me they'd go down and not to worry because you just refinance when they do go down...but again, what happens when they don't?
The idea of not worrying about the rate is really bad business for a realtor to be telling homebuyers.
Posted on 11/13/23 at 3:38 pm to shel311
quote:
The idea of not worrying about the rate is really bad business for a realtor to be telling homebuyers.
It's tough because people need houses. I wasn't going to throw away more years of renting hoping for a better house price and rate. It sucks, and could slightly backfire on me, but at some point you gotta throw the chips in.
Posted on 11/13/23 at 3:42 pm to stout
Like others said, this showed up in my FB feed from realtors so there is cut-n-paste (or marching orders) going on....
Posted on 11/13/23 at 3:49 pm to stout
Just know that rate has a pocket full of Ruphylin....
Posted on 11/13/23 at 4:21 pm to shel311
quote:
what happens when they don't?
You continue to pay for the house with the payment you were ok with
Posted on 11/13/23 at 4:32 pm to SDVTiger
quote:with an income likely considerably higher than it was when you signed
You continue to pay for the house with the payment you were ok with
Posted on 11/13/23 at 5:39 pm to stout
Marry the house.
Date the rate.
"Netflix and chill" the inflationary float of living expenses onto revolving credit card balances.
Posted on 11/13/23 at 6:03 pm to shel311
quote:
And in the same post, she used an example of rates not going down for 22 years, so when do I refinance if that happens again? I don't, i get stuck with a crazy high rate that this realtor promised me they'd go down and not to worry because you just refinance when they do go down...but again, what happens when they don't? The idea of not worrying about the rate is really bad business for a realtor to be telling homebuyers.
It isn’t a terrible plan if you’re willing to buy a cheaper house to offset the higher rate and still have a mortgage you can afford. But I agree buying a home you would have been able to afford 2 years ago on a prayer that rates will go back down is a recipe for disaster for a lot of people.
Posted on 11/13/23 at 6:14 pm to killedbyindians
I think its dumb, but it makes sense. Fall in love and Marry a house you like, but date the rate aka move on to a better one when they eventually (if ever) go back down
Posted on 11/13/23 at 7:18 pm to stout
All the realtors I know are gigantic sluts and the dudes are just weird
Posted on 11/13/23 at 9:08 pm to riverparish
quote:
Compare the house built in 1971 to the one now. 1971- possibly no central heat and air, 4 br house that's only 1600 living area, no 12 on 12 roof pitch, no his and her walk in closets, master bath is one toilet, one sink and shower only, formica counter tops in the kitchen, etc.
It's like the people that complain about what their parents paid for a new car all the while not taking into consideration the bells and whistles their car has now compared to 30 years ago.
True, but that isn't why housing prices have increased a whopping 40% since 2019. With the near tripling of interest rates, the cost for a first time buyer more than doubled in only 3 years.
Posted on 11/13/23 at 9:34 pm to SDVTiger
quote:
You continue to pay for the house with the payment you were ok with
Buy a house you can afford. Plain and simple.
On a separate note, there are millions of people that are waiting for rates to come down to buy a house, while millions more are sitting in money market funds because they’re convinced 3+ year rates are going higher.
They’ll both be right, eventually, but neither side has put any actual thought into it - they’re just wishing.
Posted on 11/13/23 at 9:41 pm to slackster
The best time to buy a house is 20 years ago.
The second best time is now.
The second best time is now.
Page 6 of 6
Popular
Back to top
Follow TigerDroppings for LSU Football News