- 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
4
Posted on 5/18/23 at 11:44 am to GumboPot
I've seen houses around me sitting on the market for noticeably longer times now.
Posted on 5/18/23 at 11:45 am to Jcorye1
quote:
this isn't a real estate for money it's a place to live.
Best reason to buy. The leveraged investors are a different story.
Posted on 5/18/23 at 11:59 am to molsusports
quote:
Best reason to buy. The leveraged investors are a different story.
Yeah mortgage is less than 25% of our net income.
Posted on 5/18/23 at 12:00 pm to Jcorye1
quote:
Yeah mortgage is less than 25% of our net income.
Up to 35% is ok if the home is in a great area and you have no other debt.
Posted on 5/18/23 at 12:02 pm to GumboPot
From $15 wall studs to crash!!!!!!
Posted on 5/18/23 at 12:02 pm to JohnnyKilroy
quote:
Baw you spent the first 6 months of 2022 screaming about a 2008ish housing crash was imminent lmao
Liar.
I specifically said numerous times it would never be as bad as 2008 as that was a perfect storm. I can even link my post saying such.
I did say there would be a correction but we do not know as of yet how bad it will be.
This post was edited on 5/18/23 at 12:43 pm
Posted on 5/18/23 at 12:17 pm to GumboPot
Not here in south Louisiana.
Posted on 5/18/23 at 12:30 pm to Shoalwater Cat
Still trying to hold off on buying as I believe things are still going to get worse. In my recent looking almost all the homes in the million dollar range outside of San Antonio have reduced prices from their listing prices, some reduced as much as 15% or more. A bunch have been on the market 100+ days. None of the above was true 2 to 4 years ago.
Posted on 5/18/23 at 12:38 pm to GumboPot
It would be a bigger drop if people weren’t so unwilling to move. Nobody wants to ditch a sub 4% mortgage. And we didn’t build enough houses in the past 12 years either. That might be the only factors saving the broader housing market from a 2009 level collapse.
Commercial real estate can’t find buyers. Residential can’t find sellers.
Commercial real estate can’t find buyers. Residential can’t find sellers.
Posted on 5/18/23 at 12:50 pm to kywildcatfanone
quote:
I really want to sell and move, but my mortgage is 2.25%, and no way I would move and go up to a 5%+ mortgage.
This is a MAJOR factor that will resonate for years.
Posted on 5/18/23 at 12:58 pm to Chad504boy
“We need a *insert cost of fricking anything here* correction”
We need a *change in presidency* correction
We need a *change in presidency* correction
Posted on 5/18/23 at 1:05 pm to junkyard1
A 1500sft cookie cutter house built in Denham springs in the 90's shouldn't sell for a quarter million dollars and I just watched it happen. It was a $130k house 3 years ago.
Posted on 5/18/23 at 1:17 pm to kywildcatfanone
quote:
I really want to sell and move, but my mortgage is 2.25%, and no way I would move and go up to a 5%+ mortgage.
home renovations are going to explode over the next few years for this reason.
Posted on 5/18/23 at 1:31 pm to kywildcatfanone
You won’t be moving ever
Posted on 5/18/23 at 2:18 pm to ellesssuuu
quote:
maybe if you're buying points
go run the numbers on what it would cost to buy down 2 points on a $300K loan and get back to me, Baw. Sum bitches on the MS Gulf Coast must be paying cash because shite is going up left and right over here in The Pass. Rates were too low for too long anyway. You've got any entire generation of spoiled borrowers that think %5.5 on 30 yr money is high. frick those entitled whipper snappers with their instagram and their trap music
Posted on 5/18/23 at 4:55 pm to Dire Wolf
Here is a city look at it
https://epbresearch.com/us-home-prices-comparing-depth-duration-dispersion/
https://epbresearch.com/us-home-prices-comparing-depth-duration-dispersion/
quote:
The upper left shows the areas that have been least affected, and the bottom right shows where the housing downturn is hitting the hardest. Cleveland, Chicago, Atlanta, Miami, and Charlotte have seen virtually no correction at all, with home prices within 1% or 2% from their peak levels and no consistent declines. On the other extreme, San Francisco, and Seattle have seen prices decline almost 15% in less than a year. This is on par with 2008-type declines. In the middle, we see cities like Dallas, Denver, Phoenix, Las Vegas, Los Angeles, and Portland where there has been a clear shift, and home prices have fallen about 6%-10%. So there is no doubt, based on depth, duration, and dispersion, that the US is nationally in a home price downturn. Depending on the location, the downturn is anywhere from non-existent to severe, with the national average so far in a moderate correction.
Posted on 5/18/23 at 5:06 pm to Dire Wolf
It is going to take 11-16 months imo to get closer to “old” prices. Interest comes down 1.5% and prices come down 12-15%. They will never go back to where they were without a major recession.
The lack of supply and buyers will keep them from dropping to much further down for a while.
Local government is cleaning up on the 20% tax raise they got.
The lack of supply and buyers will keep them from dropping to much further down for a while.
Local government is cleaning up on the 20% tax raise they got.
Posted on 5/18/23 at 5:20 pm to GumboPot
It's almost like repetitive rate hikes affect the real estate market.
Posted on 5/18/23 at 5:27 pm to GumboPot
quote:
We are headed below "pandemic buying craze":
Your graph doesn't show what you think it shows.
Page 3 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News