Home Ownership

[Gatordash]

Originally Posted by Jibartik [You must be logged in to view images. Log in or Register.]

how much of that inventory was payed for with covid stimulus? I bet a lot....

Not sure. But I get these 'market reports' from Zillow emailed to me like once a week and they always have a 1-year forecasted value and its always like going up 15-20%. In which case, if you're Zillow and you owned thousands of homes that were going to go up 15-20% next year, why would you be working your ass off right now to sell those homes at a loss? And how is this not market manipulation by Zillow?

[Gatordash]

Open houses. Price cuts. Its almost like realtors have to put in an ounce of effort to sell around here. I didn't think cuts would start til next year when the foreclosures finally get through the courts and get listed so supply goes up but it looks like just a small raise in mortgage rates and a large raise in gas prices (inflation) are getting buyers to stay home. 20-50k in price cuts in a 1-2 months period seems pretty significant already. No wonder Zillow got out.

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[Jibartik]

you increased teh cost of the homes in that area by 13k by using zillow to search it lol

I wonder if there is any large scale housing issues in the us going to happen if prices go down much?

I dont know a lot about the market rn

[Gatordash]

Originally Posted by Jibartik [You must be logged in to view images. Log in or Register.]

you increased teh cost of the homes in that area by 13k by using zillow to search it lol

I wonder if there is any large scale housing issues in the us going to happen if prices go down much?

I dont know a lot about the market rn

Interest rates are so low that people aren't going to massively default on their homes like before but with inflation rising and the forbearance nonsense still working its way through courts home prices will continue to drop.

Yeah Zillow still sends me emails saying home prices are going up next year... Yet they got out of the home flipping market and are trying to sell the homes they did buy asap and taking losses on it. Makes sense [You must be logged in to view images. Log in or Register.]

[Gatordash]

I have a new obsession, and its watching house flippers lose money while I'll scroll through Zillow. I can feel their desperation!
1490 Corsica Crest Ct


9/3/2021 Sold $548,200
9/24/2021 Listed for sale $570,000

----------------------------

11/19/2021 Price change $563,000
12/10/2021 Price change $554,000

[Gatordash]

For those of us who live on the west coast… if you didn’t like Californians moving in to your state before, you better get used to it.

California amendment proposes doubling state taxes for statewide universal healthcare https://taxfoundation.org/california...-tax-proposal/

If this thing passes and you are looking to buy a home on the west coast, you better buy quick. Get those pre-approvals in because the shitshow in California goes on!

[Jibartik]

Originally Posted by Gatordash [You must be logged in to view images. Log in or Register.]

For those of us who live on the west coast… if you didn’t like Californians moving in to your state before, you better get used to it.

California amendment proposes doubling state taxes for statewide universal healthcare https://taxfoundation.org/california...-tax-proposal/

If this thing passes and you are looking to buy a home on the west coast, you better buy quick. Get those pre-approvals in because the shitshow in California goes on!

[You must be logged in to view images. Log in or Register.]

[unsunghero]

Originally Posted by Gatordash [You must be logged in to view images. Log in or Register.]

For those of us who live on the west coast… if you didn’t like Californians moving in to your state before, you better get used to it.

California amendment proposes doubling state taxes for statewide universal healthcare https://taxfoundation.org/california...-tax-proposal/

If this thing passes and you are looking to buy a home on the west coast, you better buy quick. Get those pre-approvals in because the shitshow in California goes on!

CA plz don’t come, those who haven’t already…

Air quality and traffic are bad enough. I notice a haze in the air at streetlights at night much more often these days

CA NOT WELCOME

[Gatordash]

Meeting with my real estate agent to buy a ridiculously overpriced new home this Saturday. If I'm lucky construction will get finished and I can move into it this year. I gave up on waiting for prices to go down. If you live on the west coast I think there's just nothing you can do about California. I should go back and read my posts in this thread so I can see what an idiot I was thinking prices would go down.

[Jibartik]

Congrats Gator!

How would you feel, out of curiosity, if after the fed hikes the interest rates your home is appraised for 150-250k less than it is now?

Just totally random non-stacked question to gage how people will react to the coming future.

(btw the sky prob wont fall so dont want to throw any shade at this fantastic moment in your life congratulations its the right decision and awesome!!! )





sky fallin tho [You must be logged in to view images. Log in or Register.]