- 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
re: There has to be a correction in the housing and vehicle market at some point, right?
Posted on 7/11/23 at 9:29 am to sidewalkside
Posted on 7/11/23 at 9:29 am to sidewalkside
quote:
Right??? who is "THEY" and what is their big secret plan? It's amazing how many people want to blame the boogey man for their own bad decisions and why they can't achieve some aspirational goal.
Well, the Totalitarian World Government and it's desire for single universal currency of course.
1
Posted on 7/11/23 at 10:03 am to RoosterCogburn585
Mortgages have sucked up the disposable cash from not having to pay student loans. Once student loans kick back in, there’s going to be a correction of ginormous proportions.
Posted on 7/11/23 at 10:06 am to Pax Regis
quote:
correction of ginormous proportions.
How ginormous?
When will this happen?
Posted on 7/11/23 at 10:07 am to notiger1997
quote:
How ginormous?
When will this happen?
Well, student loans are set for payment in October, so I'd assume about 6-12 months after that.
Posted on 7/11/23 at 10:10 am to BestBanker
quote:
Don't expect it for housing. People refied to 2-3% mortgages and aren't selling those houses for a long time. People aren't selling a 3% mortgage to go to a 7% mortgage.
There's not enough inventory of new houses and won't be for years. High borrowing rates and higher costs of construction will keep things steady at this pace. Imho
Bingo we bought in mid 2021 and have a sub 3% rate. We would love to move to a larger home on a bigger lot but we can't justify a close to $1,500/month increase in the interest on a note alone (never mind whatever the higher principal amount is). We'll learn to love the home we are in and ride it until the kids are out of school in 15 years.
This post was edited on 7/11/23 at 10:11 am
Posted on 7/11/23 at 10:12 am to HailToTheChiz
quote:
This is entirely dependent on housing costs dropping
i just heard yesterday of someone going 60k over asking and still being out bidded
this is not some mansion either. it is a good location
Posted on 7/11/23 at 10:15 am to Dire Wolf
quote:
i just heard yesterday of someone going 60k over asking and still being out bidded
Yikes! What area was that in?
Posted on 7/11/23 at 10:15 am to Suntiger
quote:
Who is “They”?
Deep-state lefty globalists. The frickwads in charge of your government who have scared the populace into believing that man made global warming is a thing, driven primarily by Americans’ internal combustion engines, and that if you give them enough of your money they can make it 1/10th of a degree cooler over 100 years.
Is that clear enough?
Posted on 7/11/23 at 10:18 am to GusMcRae
quote:
Is that clear enough?
Posted on 7/11/23 at 10:21 am to RoosterCogburn585
Keep inventory low and prices high. That's the current market.
Posted on 7/11/23 at 10:22 am to RoosterCogburn585
Wife and I both need new vehicles but I'm just not going to do it in this market. BOth cars work fine and I am going to ride them out as long as possible to see if the market adjusts
Used car rates are already starting to crash
Used car rates are already starting to crash
Posted on 7/11/23 at 10:22 am to RoosterCogburn585
Idk but im surely anticipating another pay good raise on January 1st!
Posted on 7/11/23 at 10:25 am to RoosterCogburn585
There are a shitload of houses available and affordable. They just aren’t where people want to live. That’s the real problem. The government should work on those areas instead of propping up the new housing market. New housing increases urban sprawl and enlarges the footprint of cities, thereby increasing costs for infrastructure.
This post was edited on 7/11/23 at 10:26 am
Posted on 7/11/23 at 10:26 am to RoosterCogburn585
Dude, you're in the housing correction right now
Posted on 7/11/23 at 10:29 am to RoosterCogburn585
The prices of homes won’t fall anytime soon
Too many factors keeping them high right now
We only have about 3 months of total supply of new/old homes in the country, meaning the supply of homes is historically low relatively “propping up” demand
This is partly due to investment groups keeping it that way
Same thing happened with ammo
The prices don’t go down when the first buyer is the federal government swooping in and buying billions
Too many factors keeping them high right now
We only have about 3 months of total supply of new/old homes in the country, meaning the supply of homes is historically low relatively “propping up” demand
This is partly due to investment groups keeping it that way
Same thing happened with ammo
The prices don’t go down when the first buyer is the federal government swooping in and buying billions
This post was edited on 7/11/23 at 10:34 am
Posted on 7/11/23 at 10:30 am to SM6
quote:
Don't expect it for housing. People refied to 2-3% mortgages and aren't selling those houses for a long time. People aren't selling a 3% mortgage to go to a 7% mortgage.
There's not enough inventory of new houses and won't be for years. High borrowing rates and higher costs of construction will keep things steady at this pace. Imho
Bingo we bought in mid 2021 and have a sub 3% rate. We would love to move to a larger home on a bigger lot but we can't justify a close to $1,500/month increase in the interest on a note alone (never mind whatever the higher principal amount is). We'll learn to love the home we are in and ride it until the kids are out of school in 15 years.
On average 6% of all mortgages will payoff annually due to death, divorce, job movements- basically non economic reasons
Posted on 7/11/23 at 10:32 am to LSUfan4444
quote:
Dude, you're in the housing correction right now
A 1.7% decrease in prices over the last year given the current climate isn’t a correction
Posted on 7/11/23 at 10:33 am to skullhawk
quote:
asking me to come in to look at new inventory.
What inventory? The lots are empty
Posted on 7/11/23 at 11:13 am to GusMcRae
Covid and social media broke yalls brains.
Posted on 7/11/23 at 11:20 am to theunknownknight
quote:
What inventory? The lots are empty
That's only true with certain models and maybe in certain areas.
Page 3 of 6
Popular
Back to top
Follow TigerDroppings for LSU Football News