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Started By
Message
re: Home Prices start to drop due to rates, lack of sells, and more inventory!
Posted on 4/24/25 at 11:44 am to Sus-Scrofa
Posted on 4/24/25 at 11:44 am to Sus-Scrofa
quote:You are limited to $10k total in deductions of interest or taxes. Only way you can get more is by deducting personal business expenses or donations.
the interest portion of the payment is
2
Posted on 4/24/25 at 12:12 pm to BCreed1
Average days on the market is starting to trend higher around me
Prices likely to be coming down
Prices likely to be coming down
Posted on 4/24/25 at 12:16 pm to HubbaBubba
quote:
You are limited to $10k total in deductions of interest or taxes.
If Trump wants the by-pass the fed and their refusal to lower rates, raise the deductibility of mortgage interest. Make it all deductible. Hell, add a credit on top.
Posted on 4/24/25 at 12:19 pm to oklahogjr
quote:
Oh good. Luckily Americans don't look at housing as an investment that will grow over time.
You bitches actually have a means to bitch on this one whether prices go up or prices go down.
The money people put in houses also accrues benefits in putting part in equity in the house rather than rent and part in the tax break.
The house does not have to grow in price to be a net benefit. Go study that.
Posted on 4/24/25 at 12:21 pm to BCreed1
The lack of inventory is what was holding the reduction in prices down the whole time.
It sucks for the folks that bought houses during the bubble, but it’s good for first time buyers who have a lot harder of a time getting a house than their boomer parents did.
It sucks for the folks that bought houses during the bubble, but it’s good for first time buyers who have a lot harder of a time getting a house than their boomer parents did.
Posted on 4/24/25 at 12:30 pm to Bard
he's a spoiled brat little leftist, and a stalker
Posted on 4/24/25 at 12:30 pm to BCreed1
When you let 20 million people in, they have to live somewhere.
Posted on 4/24/25 at 12:31 pm to BCreed1
Buyers stacked.
Wine mom real estate agents selling 2 homes per year fricked.
Wine mom real estate agents selling 2 homes per year fricked.
Posted on 4/24/25 at 12:32 pm to BCreed1
Currently have mine listed 25k less than what it was worth when I built it a few years ago and still am not getting any movement on it.
Posted on 4/24/25 at 12:35 pm to EZE Tiger Fan
quote:
Sorry you live in a shithole. Maybe that's why you are always complaining.
I think he still lives on a reservation.
Posted on 4/24/25 at 12:39 pm to BCreed1
Just closed on a home for 336k that was initially listed and appraised for 405k. While that seems pretty good, it was bought 5 years ago for 275k. Blows my mind.
Bright side is I bought my house in 2021 for 185k and sold it for 259k
Bright side is I bought my house in 2021 for 185k and sold it for 259k
This post was edited on 4/24/25 at 12:40 pm
Posted on 4/24/25 at 12:40 pm to BCreed1
In my area that’s complete BS. No inventory, house across the street had 10 offers the first day and sold for 15% over asking.
Posted on 4/24/25 at 12:43 pm to BCreed1
As said earlier, it's unfortunate for people who bought at the height of the bubble, I definitely feel for them; but I think it's better for the broader population to have a correction on home prices that have skyrocketed over the last 5 or 6 years. I got my house for $190k in 2017. Two houses on my street have sold for over $400k in the last year. My house is bigger than theirs. That's not normal appreciation. That's bubble shite, a technical economic term.
Posted on 4/24/25 at 12:54 pm to Seldom Seen
quote:
Home prices are were you can really see the massive inflation that we've had since 2008.
My tax evaluation on my current home went up 98% since 2020 according to Montgomery county Texas
This post was edited on 4/24/25 at 12:55 pm
Posted on 4/24/25 at 1:05 pm to oklahogjr
quote:
Oh good. Luckily Americans don't look at housing as an investment that will grow over time.
Houses aren't investments. Houses are a depreciating asset that we use and maintain, like a car. Existing home prices have inflated more than some other prices in our economy (partially because of govt subsidy of mortgage lending), but it's still inflation. Your mistake is confusing decades of housing inflation with a true investment that produces a positive ROI with or without inflation.
This post was edited on 4/24/25 at 1:06 pm
Posted on 4/24/25 at 1:58 pm to wdhalgren
quote:
Houses aren't investments. Houses are a depreciating asset that we use and maintain, like a car.
FYI, this is a real, not nominal, residential property index.
Posted on 4/24/25 at 2:00 pm to oklahogjr
quote:
Oh good. Luckily Americans don't look at housing as an investment that will grow over time.
It should. That said, 2019 - 2023 houses were all very overpriced due to material costs and people being impatient.
I think everyone is sitting on a bit of false equity in some markets in the country. Thats just me.
Posted on 4/24/25 at 2:03 pm to BCreed1
quote:
lack of sells
Does not compute
Posted on 4/24/25 at 2:21 pm to TrueTiger
Why not make the mortgage interest deduction a tax credit to offset Jerome Powell's inaction?
Posted on 4/24/25 at 2:33 pm to BCreed1
Hopefully this will continue. I have been wanting to buy a house for the last 4 years and have been priced out of the market. I'm 33 and make a little over $100k per year but cannot afford a house around DFW as starter homes are around $500k in a safe area
If you don't have equity in a previous home it's damn near impossible to purchase without a top 5% income or dual incomes. With current interest rates, a 10% down payment, and property tax, that is a $4,200 payment which is nuts
If you don't have equity in a previous home it's damn near impossible to purchase without a top 5% income or dual incomes. With current interest rates, a 10% down payment, and property tax, that is a $4,200 payment which is nuts
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