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Started By
Message
re: The average interest rate on a 30-year mortgage rises to 7.62%, the highest since 2000
Posted on 9/8/23 at 11:32 am to A Menace to Sobriety
Posted on 9/8/23 at 11:32 am to A Menace to Sobriety
quote:
To the idiots who voted for Brandon because you have no intelligence and are emotionally weak, thanks. Thanks for making this country so great
Covid lockdowns happened during trump, as did the first round of stimulus money.
Aka the money that flooded the market and was used to buy investment homes.
Plus house flipping and investment housing has occurred for years. Chickens coming to roost.
AKA
Shut the frick up, you have no idea how economics works.
5
Posted on 9/8/23 at 11:34 am to A Smoke Break
quote:
Covid lockdowns happened during trump
during or because of?
quote:
Shut the frick up, you have no idea how economics works.
i’m giddy with excitement for you to explain economics to the OT. expand!
Posted on 9/8/23 at 11:35 am to RedHawk
quote:
Do people not realize that Trump also had a hand in how we got to where we are now? This isn't all Biden. This didn't happen overnight and it won't correct itself overnight.
No shite, but smithy who watches readings on an oil platform in the gulf is the primary brandon poster and he probably failed his first college econ course.
This post was edited on 9/8/23 at 11:36 am
Posted on 9/8/23 at 11:40 am to Bard
quote:
And under a Democrat-controlled House (where spending starts) and a limp-dicked GOPe-controlled Senate.
I'm not trying to hide Trump's fault in this, but his was far from the only hand pushing this fiasco.
Agreed 100%. They have all had a hand in this.
Posted on 9/8/23 at 11:40 am to stout
Stolen elections have consequences.
Posted on 9/8/23 at 11:41 am to A Smoke Break
smithy?
not dustin, kyle, michael, or ryan? but smithy?
not dustin, kyle, michael, or ryan? but smithy?
Posted on 9/8/23 at 11:45 am to RedHawk
quote:
Agreed 100%. They have all had a hand in this.
From the banks, to the whole government, to the corporations getting into investment renting, to the cocksuckers who bought houses to turn into overpriced air bnbs, to the same who bought 2-3 houses to put minimum reinvasions into to flip for 3 times profit, thus weakening supply.
frick all those slimy cocksuckers.
Posted on 9/8/23 at 11:45 am to A Smoke Break
quote:
, as did the first round of stimulus money.
Aka the money that flooded the market and was used to buy investment homes
People that have enough money to buy investment properties got stimulus checks?
Posted on 9/8/23 at 11:46 am to Bard
quote:
There was a thread here yesterday calling you out (in the title) as a commie. I can't remember the reason but the poster came across as some drunk baw who struggled to get his GED at 35.
I think it got whacked sometime after 4 pages, the overwhelming response to it was "wtf?"
Ahh...I didn't see it. I was kicking someone out of one of my rentals yesterday.
Posted on 9/8/23 at 11:47 am to Deactived
quote:They got multiple PPP handouts whether their businesses were shut down or not.
People that have enough money to buy investment properties got stimulus checks?
This post was edited on 9/8/23 at 11:48 am
Posted on 9/8/23 at 11:48 am to Deactived
quote:
People that have enough money to buy investment properties got stimulus checks?
Absolutely. PPP money was a lifeline for many businesses, and a windfall for many, many small business owners and solo practitioners.
Posted on 9/8/23 at 11:49 am to RedHawk
quote:
Both of those houses are still very affordable for most people, but most people don't want those kind of homes. They want what their parents have now.
While this is generally over used, it’s not wrong. People aren’t building starter homes anymore because it takes just about the same effort for less money.
Posted on 9/8/23 at 11:50 am to stout
Nah, northwest suburbs of Chicago now. Not much better from that perspective.
But 100% agree with your assessment of the Cali market. At least in the highly populated areas.
But 100% agree with your assessment of the Cali market. At least in the highly populated areas.
This post was edited on 9/8/23 at 11:51 am
Posted on 9/8/23 at 11:52 am to Lsupimp
quote:
Housing prices and interest rates will both decline.
Interest rates won't decline until the Millenials are in their prime earning years. Right now, the bulk of available capital belongs to GenX, which is a small generation. High demand+low volume=high rates. There are market forces at work here, not just government policy.
This post was edited on 9/8/23 at 12:02 pm
Posted on 9/8/23 at 11:57 am to Fat and Happy
quote:
i keep thinking why in the frick would you buy a house right now?
Because they are thinking one of two things. 1. That interest rates are going to go down in the future, which will increase home prices and they can lock in a lower price and refinance the interest rate, or 2. That interest rates will keep going up and they are locking in at a lower interest rate than they could potentially be staring at in the future. In the second scenario supply isn't going to increase and home prices will potentially stay the same. It's all guess work, and as long as you don't stretch yourself too thin, you should just buy when you feel comfortable because no one knows what's going to happen.
Posted on 9/8/23 at 12:00 pm to ned nederlander
I get it with big firms but how did solo people get around the requirements for it?
Posted on 9/8/23 at 12:07 pm to TackySweater
quote:
I’d be afraid to buy a foreclosure and live in it. Previous owners may be spiteful people
If they damage the property they are only making things way worse. Judge will hit them with a deficiency judgment so fast and boom they go from a possessory judgment to a monetary one.
Posted on 9/8/23 at 12:16 pm to Deactived
quote:
I get it with big firms but how did solo people get around the requirements for it?
What do you mean by “big” firms?
I know at least 10 local small business owners who got deep into the six figures of PPP money. None shut down operations and at least 7 of them had their best years ever to that point.
Posted on 9/8/23 at 12:20 pm to A Smoke Break
quote:
Covid lockdowns happened during trump, as did the first round of stimulus money.
People who says this were begging for lockdowns and ostracizing any resistance to it by the states
Posted on 9/8/23 at 12:25 pm to Epic Cajun
Regardless of interest rates. The best time to buy real estate is 20 years ago. The second best time is now.
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