Results 20,251 to 20,275 of 26889
Thread: Real Estate Crash thread
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02-23-2022, 09:29 AM #20251Hucked to flat once
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- Idaho
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02-23-2022, 09:30 AM #20252Registered User
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- Jan 2006
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- 1,572
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02-23-2022, 09:32 AM #20253
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02-23-2022, 09:38 AM #20254
Backs on to national forest. Near Aspen.
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02-23-2022, 09:50 AM #20255
Yeah. How someone thought that was worth building there in God’s beauty…
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02-23-2022, 09:55 AM #20256
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02-23-2022, 09:57 AM #20257
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02-23-2022, 10:10 AM #20258
It's like someone had their Monopoly houses and apartments on the same property and decided that was a good look. That said, I don't mind it at all. I think my standards are in the shitter after looking for so long.
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02-23-2022, 10:13 AM #20259
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02-23-2022, 10:37 AM #20260
It was built in 2008 but looks like something from the suburban 90's.
Waste of views in that place.
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02-23-2022, 10:46 AM #20261
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02-23-2022, 10:46 AM #20262
Entering into 2020, the nation already didn’t have enough homes built to satisfy millennials who were entering into their peak first-time homebuying years. Then the COVID-19 crisis struck. The ensuing record-low mortgage rates and flexible work from home policies—which allowed buyers to expand their home search further into the burbs—only attracted more buyers into an already tight and competitive market. Simply put: The pandemic created a perfect storm in the housing market.
But the historic run on prices could soon begin to wind down. At least that’s according to CoreLogic’s latest forecast. Between December 2020 and December 2021, the S&P CoreLogic Case-Shiller index finds U.S. home prices rose 18.8%—which is more than four times as great as the nation’s average annual rate (4.2%) posted since 1989. Going forward, CoreLogic says we should expect home price growth closer to the historical average. Between December 2021 and December 2022, CoreLogic forecasts home prices will rise 3.5%.
Already, we’re starting to see home prices decelerate a bit. Between August 2020 and August 2021, U.S. home prices climbed a record 20%. But over the following four months that 12-month growth rate has decelerated to 18.8%, as of December.
https://finance.yahoo.com/news/red-h...103350569.html
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02-23-2022, 11:08 AM #20263I have been in this State for 30 years and I am willing to admit that I am part of the problem.
"Happiest years of my life were earning < $8.00 and hour, collecting unemployment every spring and fall, no car, no debt and no responsibilities. 1984-1990 Park City UT"
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02-23-2022, 11:11 AM #20264
Nornalization will happen when the Boomers finally depart, which is at least a decade.
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02-23-2022, 11:40 AM #20265
I'm laughing. You have no idea of my financial situation. I'm speaking for the masses here. The home price to median household income is fucked and if you don't think so, then I stand by my statement. And I'll say it to your face and you can disagree, but you'd be wrong.
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02-23-2022, 11:48 AM #20266
I wish I could find the article (it was dated sometime last fall), but based on prevailing wages/mortgage rates at the time supposedly 2005-2006 was peak unaffordability. I suspect the recent runup in rates since then has changed that calculus.
A 300k mortgage is almost 40% more expensive now than compared to spring 2021 in terms of monthly payment. That's a big hit for the middle class to swallow.Live Free or Die
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02-23-2022, 11:51 AM #20267
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02-23-2022, 11:52 AM #20268
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02-23-2022, 12:04 PM #20269
Mortgage rate hit their lowest at just about under 2.7% on average in spring 21, and are currently averaging just under 4. There's a lot of specificity in terms of tax rates/ escrow, points buying and the like in terms of what it looks like for someone borrowing 300k in a specific location, but overall its pretty damn close as a general statement.
Live Free or Die
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02-23-2022, 12:12 PM #20270
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02-23-2022, 12:28 PM #20271
Probably not the same article....but I speculate that he is perhaps using the same data:
https://blog.firstam.com/economics/t...sing-boom-peak
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02-23-2022, 12:31 PM #20272Registered User
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- Oct 2015
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02-23-2022, 12:39 PM #20273
Well, for the first ten years, it's mostly interest.
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02-23-2022, 12:49 PM #20274
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02-23-2022, 02:04 PM #20275
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