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re: .
Posted on 1/20/23 at 6:24 pm to MrLSU
Posted on 1/20/23 at 6:24 pm to MrLSU
IMHO...
It's going to take a large round of layoffs to really kick off an appreciable decline in prices. As stated by others, so many people are going to stay put because of the great rates they got the past few years. It won't be until they can't even afford those rates that things will collapse.
It's going to take a large round of layoffs to really kick off an appreciable decline in prices. As stated by others, so many people are going to stay put because of the great rates they got the past few years. It won't be until they can't even afford those rates that things will collapse.
1
Posted on 1/20/23 at 6:25 pm to MrLSU
This is the plan
Posted on 1/20/23 at 6:28 pm to 1MileTiger
quote:Interest rates are still historically very reasonable. People are just used to borrowing money for almost free.
Massively high interest rates
Posted on 1/20/23 at 6:52 pm to mjthe
quote:
Thanks Joe Biden
FIFY
Posted on 1/20/23 at 8:10 pm to fallguy_1978
Posted on 1/20/23 at 8:42 pm to MrLSU
Awesome. Housing market implosion soon.
Posted on 1/20/23 at 9:06 pm to USMCguy121
People having trouble paying their house notes may be defaulting because they can`t sell for what they owe on it. If unemployment increases like they want to help control inflation, we could also have a problem there with defaulting on loans. Would hate to see another 2008 Lehman Brothers moment.
Posted on 1/20/23 at 9:30 pm to MrLSU
Elections have consequences
Posted on 1/20/23 at 9:40 pm to MrLSU
building back better 
is this the slow growth joe talked about?
is this the slow growth joe talked about?
Posted on 1/20/23 at 9:42 pm to inspectweld
quote:
Would hate to see another 2008
We're holding cash to buy a beach house so I'm hoping for it
Posted on 1/20/23 at 9:44 pm to GEAUXT
So you can be underwater, literally?
Posted on 1/20/23 at 10:14 pm to canyon
My parents paid 9% interest on their house and didn’t complain. Maybe people are spoiled.
Posted on 1/20/23 at 10:18 pm to deltaland
quote:
You will own nothing and be happy
And eat ze bugs!
Posted on 1/20/23 at 10:44 pm to teke184
quote:
when the economy collapsed
When was this again?
Posted on 1/20/23 at 10:51 pm to JohnnyKilroy
I was interested in moving but I’m at 2.75 percent. Just doesn’t make sense now
Posted on 1/20/23 at 10:53 pm to Langland
quote:
Start buying again at the start of Trump's second term.
Throttle back Junior. He hasn't even been sentenced to his first term in prison
Posted on 1/20/23 at 11:28 pm to Dominate308
I get the "rates are still historically low" comments because historically they are. One thing that always fails to get mentioned though is how homes in that period weren't selling for $300k+. 7% on $60k and 7% on $300k are night and day. Of course the sub 4% rates didn't help with the conditioning as home prices increased over time. Personally I'm hoping to just she 5% again soon.
Posted on 1/20/23 at 11:50 pm to GEAUXT
Home prices in DFW are being cut fairly sizably, but they still have a LONG way to go before they become reasonable (as they have doubled over the last 10 years or so).
Posted on 1/21/23 at 3:19 am to ghost2most
quote:
I was interested in moving but I’m at 2.75 percent. Just doesn’t make sense now
This will be alot of people. The only issue is what happens to the people that locked in great rates but overspent on their home purchase? Will be a tough pill to swallow for some watching their home purchase fall further and further under water.
Alot of people got lucky including myself i bought my house right after the housing crash little after 2008 .So got a great price and like many others refinanced because of the great rates offered a few years back. Dont plan on moving anytime soon.
Posted on 1/21/23 at 6:18 am to MrLSU
Needed a reset. Of course when you have the largest increase you’ll have the largest decline. Nothing wrong with a sales decrease as long as we don’t have crazy defaults on loans like 08. Which I don’t see happening.
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