Jean Jacket
NOPE
Wait till the debt default next month...
Instant recession.
Instant recession.
Mortgage rates back to 7%
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Its funny that Nick Gerli is the guy who tweeted this is - One of the top 3 guys on Youtube that got rich talking about how the housing market is going to crash since late 2020, and were still waiting.
If his gullible subscribers bought a home back in 2021 when rates were 3% for $275k-$350k instead of listening to him, most would be paying $1850 or less for a whole house and not a 2 bedroom apartment. But now the median home price is over $400k, interest rates have doubled, and Americans Pandemic savings have dried out.
If his gullible subscribers bought a home back in 2021 when rates were 3% for $275k-$350k instead of listening to him, most would be paying $1850 or less for a whole house and not a 2 bedroom apartment. But now the median home price is over $400k, interest rates have doubled, and Americans Pandemic savings have dried out.
where im at the pay is shyt, but the COL is high af
2k apartments...charging 16-18 for 30 year old apts
my apt in 2010 we paid like 850, that shyt was high back then, but it was a nice spot...bussed dat ho down plenty of nights on the balcony while ppl were driving inI’ll never forget paying $890 for my first apartment back in 2014
shyt gotta be like 1400-1500 rn
apt right now has blue tarps on some of the roofs, and is at least 1600
hell i remember these hood apts that arent in the hood had a move in special for 495...nikka that shyt got ratchet as fukk fast lol...i think that spot was lot of my generations first apt...then ppl started getting shot n shyt there, but it was worth it for that rent
Laidbackman
All Star
My property taxes went up over $300 dollars. Biggest increase since I've been here. Imma have to rent out, and move in with Shanika
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I got hit upside the head last year because the house got assessed and my property taxes took my mortgage from 1320 to 1950.
Fortunately for me its only because my mortgage company paid the difference that year and didn't even notify us until they was ready to get that tax money back so my escrow account was negativeYo this is insane.
. I'm bracing myself to pay 1600 after its all said and done though.
Yo this is insance that people are buying houses still because of the rental market being out of control. The next housing bust is going to shyt on the 08 recession if people aren't able to refi
I don’t get this. How they gonna jack up property taxes like 50% out of nowhere?Fortunately for me its only because my mortgage company paid the difference that year and didn't even notify us until they was ready to get that tax money back so my escrow account was negative
This whole country is a goddamn mafia.
OperationNumbNutts
Superstar
I've been hearing this but I don't get it. The 2008 crash was due to banks with bad products and giving homes to people who couldn't afford them. Now, people are buying what they could afford so I don't understand where the crash will come from.Yo this is insance that people are buying houses still because of the rental market being out of control. The next housing bust is going to shyt on the 08 recession if people aren't able to refi
That's the part of the problem. Alot of these people are buying based off of being able to refi later but alot of these homes are over valued especially in the suburbsI've been hearing this but I don't get it. The 2008 crash was due to banks with bad products and giving homes to people who couldn't afford them. Now, people are buying what they could afford so I don't understand where the crash will come from.
Elim Garak
Veteran
They not that crazy to let that happen lol. It's a game of chicken.
First chip[ to fall is going to be commercial real estate due to people working remote and not wanting to be in a office and companies not seeing the value in buildings that cost millions to run every year.
