- 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: US homeowners hit the jackpot. Median homes up 53% from Jan 2020 to Aug 2023
Posted on 9/30/23 at 12:55 pm to Street Hawk
Posted on 9/30/23 at 12:55 pm to Street Hawk
quote:Marginalized fact in article.
US home sales may have plunged
quote:Could
but homeowners who are downsizing could still be striking the lottery on the back of strong price gains
quote:
Those who are able to downsize without a mortgage are the luckiest
No shite
0
Posted on 9/30/23 at 12:57 pm to captron
quote:Yes, and?
The cost to replace your house also rises unless you want to join the tent dwellers. You also get to give the gummit more in taxes.
Posted on 9/30/23 at 12:59 pm to BK Lounge
quote:
Dont waste ur time, there are too many lazy people willing to just blame whomever is currently occupying the White House (especially if that person isnt in their own politcal party)- instead of just putting 30 seconds of thought into it and realizing it might be a tiny bit more complex.. Just be lazy and say “Lets Go bRanDoN !!!”
Don’t waste your time, everyone here knows Trump’s spending was fine until bioweapon was released on him
Posted on 9/30/23 at 1:02 pm to Big Scrub TX
so the value on my house went up 53 percent, which is unrealized gain till I sell 20 years from now
but my property taxes on my house went up from 4000 to 6000, which I have to pay every year, so I am out of pocket 40000 during the next 20 years
but my property taxes on my house went up from 4000 to 6000, which I have to pay every year, so I am out of pocket 40000 during the next 20 years
Posted on 9/30/23 at 1:06 pm to Trevaylin
correct
Posted on 9/30/23 at 1:09 pm to Street Hawk
As someone else in this thread has said, I wish I was ready to retire and move way further out in the country. I’m 30 mins from downtown Houston, I could easily get more home and more land if I were willing to be 90min to 2hrs from Houston.
Posted on 9/30/23 at 1:17 pm to captron
quote:
The cost to replace your house also rises
Why do so many folks not get this ?
Posted on 9/30/23 at 1:23 pm to ElderTiger
This is going to create a ton of landlords.
Think of people who bought a house when interest rates were under 3.5% and have to/want to move due to personal reasons or something related to work.
They’re going to more than likely keep that home as a rental and not sell it due to their low mortgage rate.
Think of people who bought a house when interest rates were under 3.5% and have to/want to move due to personal reasons or something related to work.
They’re going to more than likely keep that home as a rental and not sell it due to their low mortgage rate.
Posted on 9/30/23 at 1:27 pm to Paul Allen
quote:
This is going to create a ton of landlords. Think of people who bought a house when interest rates were under 3.5% and have to/want to move due to personal reasons or something related to work. They’re going to more than likely keep that home as a rental and not sell it due to their low mortgage rate.
I’m selling mine because of relocating due to work. Have a 2.6% interest rate.
Posted on 9/30/23 at 1:32 pm to Street Hawk
I don’t get this. They will just be downsizing to a house that costs the same as the one they are selling. Sometimes people think only THEIR house gained so much in value. It’s all of them. I wouldn’t downsize to a home valued the same as what mine was just 3 years ago. That is a risky move.
Posted on 9/30/23 at 1:39 pm to Klark Kent
quote:
cool. you can sell your house then buy less house for more! along with doubling your interest rate! #BBB
Like, SOOOO lucky! Omg!
shite is straight up propaganda.
Posted on 9/30/23 at 1:53 pm to Street Hawk
Uh, the cost of everything is up massively.
Posted on 9/30/23 at 2:00 pm to BK Lounge
quote:
Dont waste ur time, there are too many lazy people willing to just blame whomever is currently occupying the White House (especially if that person isnt in their own politcal party)- instead of just putting 30 seconds of thought into it and realizing it might be a tiny bit more complex.. Just be lazy and say “Lets Go bRanDoN !!!”
I’m sure it’s just all purely coincidental that all those EO’s Biden signed when he took over and turned the southern border into nothing more than a turnstile to enter and his overall policies have nothing to do with this shiteshow. It’s all just a coincidence…..
This post was edited on 9/30/23 at 2:02 pm
Posted on 9/30/23 at 2:02 pm to BigB0882
quote:
I don’t get this. They will just be downsizing to a house that costs the same as the one they are selling. Sometimes people think only THEIR house gained so much in value. It’s all of them. I wouldn’t downsize to a home valued the same as what mine was just 3 years ago. That is a risky move.
It depends on the market and when the house was purchased.
Someone that bought a large house in the 80s or 90s in a California Metro area and is ready to downsize is sitting on a goldmine, even if the replacement house is expensive.
They likely spent 300-500k on the home, its appreciated to $2m, and there's no mortgage. They can take the $2m cash, downsize to a $1m home and pocket the additional million.
Posted on 9/30/23 at 2:41 pm to 632627
And then the mandatory minimum homeowners insurance racket kicks in. Coverage required by mortgage company. If you do not maintain coverage at the new minimum level , mortgage company will buy a supplemental and bill you for it. So if you were paying 5 thousand a year insurance, it's now 7500. And you are still in the same house
Between taxes and insurance you cost of living in you current house just went up 4-5 thousand dollars a year
Between taxes and insurance you cost of living in you current house just went up 4-5 thousand dollars a year
This post was edited on 9/30/23 at 2:44 pm
Posted on 9/30/23 at 2:43 pm to Street Hawk
quote:
US homeowners hit the jackpot. Median homes up 53% from Jan 2020 to Aug 2023
And there will be a very sharp correction
Posted on 9/30/23 at 2:44 pm to Jcorye1
quote:
Another liberal dipshite trying to put lipstick on a pig for what has occurred in the US under Biden….
Trump spent money like nobody's business as well. Stop arguing sides, argue against government intrusion and taxes.
Home prices don't have anything to do with either of these
It's interest rates being too low for too long and investor greed
Posted on 9/30/23 at 3:04 pm to Street Hawk
We bought in 2015 for 135k and just sold last month for 325k. We feel blessed beyond belief. I'd be lying if I said we didn't feel like we hit the lottery.
Posted on 9/30/23 at 3:05 pm to Street Hawk
Home value is great if you're looking to sell. If in your forever home, its nothing but bad. Higher taxes and higher insurance.
Posted on 9/30/23 at 3:06 pm to nugget
quote:
I get the realtors email every month for LA and TX that talks about the state of the market. Homes are moving even close to as fast, listings are down double digit % and prices are starting to come down.
If you meant "aren't" moving as fast, I'm also seeing that to where I live (TX Hill Country)... (i) list prices are down 10%, (ii) sales prices are averaging 10% less than list, and (iii) homebuilders are now trying to dump the vacant lots that they are holding in their inventory.
Page 2 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News