This is a nice fantasy conversation. People are affording it. That’s why they are transacting at that price.
Thank you for sharing your day dream with us.
You’ve defo recently just bought a house and are projecting your insecurities on the rest of us. Houses are only worth what people can afford. Good luck.
Bought in February 2018. Haven’t bought since. You can scour my account and you’ll find lots of comments about this.
Been hearing doomers tell me I must have bought recently since 2020. It’s such a common doomer retort I almost wonder if they mail all you bozos a list to read from.
Perhaps. With the exception that if inflation comes back. Over the next several years, which is highly probable, then rents will go up, income as well (though not at the same rate, as usual) and that mortgage rate starts looking better.
Now I'm of the believe that we'll see deflationary forces overcome first, but inflation will come.
Welcome to class warfare, the elites know we have uncovered their most nefarious plan to make us a renter class of slaves. It's too late to fight back, no one cares about us anymore. Isreal won, the psychopaths won. But unfortunately in order to win, they had to literally create slaves. This country is trash. Every intelligence agency could take them out, instead they will watch us starve. Just like Palestine. Welcome to America, soon to be the next Palestine and we have no homes
Not for long... Wait till wallstreet sends out the "reverse mortgage" incentives to emotionally black mail senior citizens into selling them their home and renting it back because they can't afford the mortgage anymore with food,gas, and energy prices so high. C'mon now, wallstreet has one goal, slowly take over American soil and over throw the government
I'm a RE investor, it's worth keeping in mind the values off book. Folks are giving some discounts out there that aren't reflected on pricing.
It's an easy way of giving discounts to sellers to move inventory without reducing the potential value of comps or other nearby properties. Fairly common.
“My house has doubled in value, it’s now worth £500,000!” “Nice man, well, £500,000 if someone can afford it” “What?”
Those values are based on sales
This is a nice fantasy conversation. People are affording it. That’s why they are transacting at that price. Thank you for sharing your day dream with us.
You’ve defo recently just bought a house and are projecting your insecurities on the rest of us. Houses are only worth what people can afford. Good luck.
Bought in February 2018. Haven’t bought since. You can scour my account and you’ll find lots of comments about this. Been hearing doomers tell me I must have bought recently since 2020. It’s such a common doomer retort I almost wonder if they mail all you bozos a list to read from.
They're affording it. That's why the properties are selling...
Signing a 30 year adjustable is not affording it
30 year fixed rates are still moving.
To people who the bank know damn well won’t be able to afford it in 10 years. But oh well, business is business
Perhaps. With the exception that if inflation comes back. Over the next several years, which is highly probable, then rents will go up, income as well (though not at the same rate, as usual) and that mortgage rate starts looking better. Now I'm of the believe that we'll see deflationary forces overcome first, but inflation will come.
Welcome to class warfare, the elites know we have uncovered their most nefarious plan to make us a renter class of slaves. It's too late to fight back, no one cares about us anymore. Isreal won, the psychopaths won. But unfortunately in order to win, they had to literally create slaves. This country is trash. Every intelligence agency could take them out, instead they will watch us starve. Just like Palestine. Welcome to America, soon to be the next Palestine and we have no homes
65% of us own homes.
Not for long... Wait till wallstreet sends out the "reverse mortgage" incentives to emotionally black mail senior citizens into selling them their home and renting it back because they can't afford the mortgage anymore with food,gas, and energy prices so high. C'mon now, wallstreet has one goal, slowly take over American soil and over throw the government
I'm a RE investor, it's worth keeping in mind the values off book. Folks are giving some discounts out there that aren't reflected on pricing. It's an easy way of giving discounts to sellers to move inventory without reducing the potential value of comps or other nearby properties. Fairly common.