Platinum Contributing Member Jimmy Snacks Posted September 27, 2022 Platinum Contributing Member Share Posted September 27, 2022 Quote Link to comment Share on other sites More sharing options...
Edmo Posted September 27, 2022 Share Posted September 27, 2022 Just now, Jimmy Snacks said: The demand will be high for a few years to come. Most are still choking on the prices. Get those prices down to reality a bit and that will help IMO. Quote Link to comment Share on other sites More sharing options...
f7ben Posted September 27, 2022 Share Posted September 27, 2022 Just now, Edmo said: The demand will be high for a few years to come. Most are still choking on the prices. Get those prices down to reality a bit and that will help IMO. Do people qualify for high interest rate home loans when they are laid off? Just asking 1 Quote Link to comment Share on other sites More sharing options...
racer254 Posted September 27, 2022 Share Posted September 27, 2022 16 minutes ago, f7ben said: Do people qualify for high interest rate home loans when they are laid off? Just asking Don't those people get "biden bucks" or student loan forgiveness or some other money through a grant or forgiveable government loan? Quote Link to comment Share on other sites More sharing options...
f7ben Posted September 27, 2022 Share Posted September 27, 2022 17 minutes ago, racer254 said: Don't those people get "biden bucks" or student loan forgiveness or some other money through a grant or forgiveable government loan? Does that qualify you for a home loan retard? Holy fucking shit are you a moron. Just the same empty headed retardation rattling around your empty skull daily. Quote Link to comment Share on other sites More sharing options...
racer254 Posted September 27, 2022 Share Posted September 27, 2022 Just now, f7ben said: Does that qualify you for a home loan retard? Holy fucking shit are you a moron. Just the same empty headed retardation rattling around your empty skull daily. I don't live off the government tit like you. 1 Quote Link to comment Share on other sites More sharing options...
snoughnut Posted September 27, 2022 Share Posted September 27, 2022 40 minutes ago, f7ben said: Do people qualify for high interest rate home loans when they are laid off? Just asking Biden/Harris are leading this country which is proof that anything is possible in today's America. 1 Quote Link to comment Share on other sites More sharing options...
f7ben Posted September 27, 2022 Share Posted September 27, 2022 7 minutes ago, racer254 said: I don't live off the government tit like you. You’re a fucking moron Quote Link to comment Share on other sites More sharing options...
awful knawful Posted September 27, 2022 Share Posted September 27, 2022 58 minutes ago, f7ben said: Do people qualify for high interest rate home loans when they are laid off? Just asking Laid off? Can't even get people to work. There's lots of jobs. Quote Link to comment Share on other sites More sharing options...
f7ben Posted September 27, 2022 Share Posted September 27, 2022 4 minutes ago, awful knawful said: Laid off? Can't even get people to work. There's lots of jobs. Shit is slowing down at a rapid pace....we could fall off a cliff inside 2-3 months easily. Quote Link to comment Share on other sites More sharing options...
awful knawful Posted September 27, 2022 Share Posted September 27, 2022 2 minutes ago, f7ben said: Shit is slowing down at a rapid pace....we could fall off a cliff inside 2-3 months easily. Not here. Not yet. Quote Link to comment Share on other sites More sharing options...
snoughnut Posted September 27, 2022 Share Posted September 27, 2022 12 minutes ago, awful knawful said: Laid off? Can't even get people to work. There's lots of jobs. Nobody wants to work for $20 per hr., that's the range most of the open jobs are in. Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted September 27, 2022 Share Posted September 27, 2022 You don't have to be a rocket surgeon to know that rising mortgage rates is going to kick the balls out of the housing market. A year ago, the problem was lack of inventory and bidding wars. I doubt that is going to continue. Although I have a buddy who just paid through the nose for a condo down in Jupiter, and he claims the realtor he spoke with wasn't concerned about the high end stuff in those areas, as many if not most are paying cash. I don't agree with that assessment. Quote Link to comment Share on other sites More sharing options...
f7ben Posted September 27, 2022 Share Posted September 27, 2022 6 minutes ago, awful knawful said: Not here. Not yet. It probably feels a bit different here locally because we are so dependent on the steel industry. Scrap pricing has absolutely cratered. They are paying $30 a ton. I’ve never seen it that low. Steel output nationally is at its lowest level in 20 months and dropping fast. These are pretty big economic indicators. 1 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted September 27, 2022 Platinum Contributing Member Share Posted September 27, 2022 (edited) Smaller homes of higher value in nice neighborhoods will sell good. Think they are calling it "rightsizing." Boomers who want something smaller but still nice. They have their home paid off and can do it without taking on another mortgage. The ability to get a good price for their existing home will be the hurdle. Edited September 27, 2022 by Highmark Quote Link to comment Share on other sites More sharing options...
sleepybrew Posted September 27, 2022 Share Posted September 27, 2022 here in upstate ny most of the houses are gone. locals are selling out for huge money. folks bidding up and over asking prices. my friend just sold, got 425k for a house that would have been a stretch at 225k a couple years ago. he just put out feelers and was swarmed with buyers. new construction is hard when there are no lots left. and the price to build is insane. if i didn't love the geography i would sell myself, but everything i enjoy is right here. even my taxes are really fair for the moment. my house would be gone in 5 minutes. there are some houses but at ridiculous prices Quote Link to comment Share on other sites More sharing options...
ICG Posted September 27, 2022 Share Posted September 27, 2022 If there is a surplus of housing inventory I can't find it ... Been looking for two years, the same stale inventory gets relisted and ads dollied up.... Over priced, uninteresting properties, many junk that's what I've found. When realtors don't call you back when your cresting seven digits, there can't be a lot of inventory to sell. And, I'm hearing realtors telling me interest rates aren't affecting sales. BULL 🐂 Quote Link to comment Share on other sites More sharing options...
spin_dry Posted September 27, 2022 Share Posted September 27, 2022 I’ll be back in a home by fall of “23. Right now the housing market is still really tight in all except the shithole states. A tiny house with a heated 4 vehicle garage would be perfect. Quote Link to comment Share on other sites More sharing options...
f7ben Posted September 27, 2022 Share Posted September 27, 2022 2 minutes ago, spin_dry said: I’ll be back in a home by fall of “23. Right now the housing market is still really tight in all except the shithole states. A tiny house with a heated 4 vehicle garage would be perfect. This would be the perfect tiny home for you!!!! https://www.bbc.com/news/technology-59577162.amp 2 1 Quote Link to comment Share on other sites More sharing options...
spin_dry Posted September 27, 2022 Share Posted September 27, 2022 2 minutes ago, f7ben said: This would be the perfect tiny home for you!!!! https://www.bbc.com/news/technology-59577162.amp That’s not very nice. Could be a great investment opportunity though. Quote Link to comment Share on other sites More sharing options...
f7ben Posted September 27, 2022 Share Posted September 27, 2022 2 minutes ago, spin_dry said: That’s not very nice. Could be a great investment opportunity though. I thought it was funny , sorry Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted September 27, 2022 Author Platinum Contributing Member Share Posted September 27, 2022 7 minutes ago, f7ben said: This would be the perfect tiny home for you!!!! https://www.bbc.com/news/technology-59577162.amp WTF🤣 Quote Link to comment Share on other sites More sharing options...
spin_dry Posted September 27, 2022 Share Posted September 27, 2022 2 minutes ago, f7ben said: I thought it was funny , sorry It’s ok. Quote Link to comment Share on other sites More sharing options...
smokin george Posted September 27, 2022 Share Posted September 27, 2022 11 minutes ago, spin_dry said: I’ll be back in a home by fall of “23. Right now the housing market is still really tight in all except the shithole states. A tiny house with a heated 4 vehicle garage would be perfect. We'll be starting our build next spring. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted September 27, 2022 Share Posted September 27, 2022 3 hours ago, f7ben said: Do people qualify for high interest rate home loans when they are laid off? Just asking the pain train is coming have cash available for purchasing 1 hour ago, snoughnut said: Nobody wants to work for $20 per hr., that's the range most of the open jobs are in. wtf are these 'not working' people doing, living in their parents basement? Quote Link to comment Share on other sites More sharing options...
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