Home Ownership

[Gatordash]

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

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.]

Thanks bud.

I've been wrestling with buying at the top of the market for like the last year (see my dumb posts in this thread) and it would suck if the house loses a ton of value in the next few years but ultimately I don't plan on moving for a long time so who knows what its gonna be worth in 10 years. You can watch the stock market go up and down everyday but if you're not retiring for another 30 years then who cares I guess.

They let you lock in mortgage rates up to 7 months in advance which is nice, because the real bitch that would drive me bananas is if I'm buying an overpriced home and the mortgage rates go up a ton and by the time the house is done. They are gonna go up but a few months from now won't be too bad.

[Homesteaded]

The market is red hot. Hoping to move and house up to some land and space. Get away form my annoying liberal neighbors. Fuck libs

[Gatordash]

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

The market is red hot. Hoping to move and house up to some land and space. Get away form my annoying liberal neighbors. Fuck libs

The market is even more red hot in red states. Try living in Vegas/Phoenix area next to California. They are literally buying houses here without even looking at them first. Just taking whatever to get out of CA.

[Homesteaded]

Yeah my state, Minnesota we are red hot. 10+ offers and the offers that take it are generally cash offers with no inspection that waive the appraisal. Complete madness.

[robayon]

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

Get away form my annoying liberal neighbors. Fuck libs

Love thy neighbor as thyself going great I see

[Jibartik]

Down jones collapsing.

Inflation going nuts.

Interest rates getting a hike.

Things are gonna be red hot next year, but not in the same sense as this one.

[Toxigen]

Try buying a house in St Pete, FL.

Literally everything is sold before or on the day of hitting the market, way above asking.

Wanna know why? Because in FL covid doesn't exist.

Hope this helps.

[Jibartik]

if inflation can match the rate of the economic crash the houses will al stay the same price and gator will be on top!

could happen haha

[Gatordash]

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

if inflation can match the rate of the economic crash the houses will al stay the same price and gator will be on top!

could happen haha

Nah I'm fucked. The only good thing is I get to sell my house at the top of the market too. Makes me feel slightly better.

[Gatordash]

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

Try buying a house in St Pete, FL.

Literally everything is sold before or on the day of hitting the market, way above asking.

Wanna know why? Because in FL covid doesn't exist.

Hope this helps.

My brother bought a new construction house in Sarasota like 3 months before Covid hit. Very lucky.