Property Market is going WILD

[greenvale]

shyt is ridiculous at this point. Offers # 9 and #10 in. Last crib not only got outbidded by 90k but they waived inspection and appraisal too

 

[Hersh]

waiting on houses to get back to 100k in Cali

 

[rightfultoefinger]

waiting on houses to get back to 100k in Cali

After the big one if it ever eventuates.

 

[Payday23]

waiting on houses to get back to 100k in Cali

Good luck. Just seen a house sold in my area for $350K in 2019 get listed for $950k and that's in a small City in the South

 

[Geek Nasty]

https://www.nasdaq.com/articles/foreclosures-are-up-700.-is-this-a-red-flag-for-the-housing-market

Foreclosures Are Up 700%. Is This a Red Flag for the Housing Market?

Article is hype. Rates are just a little higher than 2019. But if the trend continues…

 

[NZA]

Article is hype. Rates are just a little higher than 2019. But if the trend continues…

i think there are a total of 6 planned rate hikes for 2022 alone. we may see a genuine cool down in buying and a massive amount of unfortunate people with ARM loans going broke.

 

[ahomeplateslugger]

i think there are a total of 6 planned rate hikes for 2022 alone. we may see a genuine cool down in buying and a massive amount of unfortunate people with ARM loans going broke.

i don't have the stats but i doubt people are taking out ARM loans after what happened in 08. plus banks are stricter about who they give loans out too. i hope we getting a housing crash in the next 2-3 years but seems unlikely with the way things are going.

 

[Geek Nasty]

i don't have the stats but i doubt people are taking out ARM loans after what happened in 08. plus banks are stricter about who they give loans out too. i hope we getting a housing crash in the next 2-3 years but seems unlikely with the way things are going.

Yeah I’ve been expecting one for years now nothing happens.

 

[Regular_P]

shyt is ridiculous at this point. Offers # 9 and #10 in. Last crib not only got outbidded by 90k but they waived inspection and appraisal too

There needs to be laws against corporations buying real estate.

 

[greenvale]

There needs to be laws against corporations buying real estate.

Yeah my thought has been I’ve been losing to corporations. Like if you’re bidding 100k over a 450k house why not look in the 500s range

The waiving of appraisal and inspection also makes zero sense to me as well

 

[Starski]

With rates skyrocketing wondering how prices will be affected in the future.

 

[ColdSlither]

I was house hunting last year. I didn't purchase anything, but I was able to find places I can afford. A year later looking in the same areas and the prices of these homes have really jumped up. Even the fixer uppers.

 

[Oldschooler]

I was house hunting last year. I didn't purchase anything, but I was able to find places I can afford. A year later looking in the same areas and the prices of these homes have really jumped up. Even the fixer uppers.

Are you buying investment properties or to live in? If the latter you should buy in the area you want to live based in and not try to time the market.

 

[Oldschooler]

The Average Detached House in Toronto Has Officially Crossed the $2M Mark

Yea Canada has a real problem, that's almost $1.6 million USD, higher than places like San Francisco where the market is fueled by tech wages.

 

[ColdSlither]

Are you buying investment properties or to live in? If the latter you should buy in the area you want to live based in and not try to time the market.

I'm timing the market only because I want to pay off some debts and go in clean. But I'm looking for a property to live in. I also WFH, and I will be looking at places still in state, but away from NYC, but can still get to the office easily if needed.