|
completely unsurprising https://twitter.com/sourdoughsays/status/1533522454739439617 https://twitter.com/harryh/status/1533489508330745858 drop dead, lady
|
#
?
Jun 6, 2022 19:46
|
|
|
|
| # ? May 24, 2024 08:09 |
|
|
lmao okay the airb&b is a lil on the nose
|
|
#
?
Jun 6, 2022 19:53
|
|
|
out here we got one like that. she opposed the new apartment complex and delayed it a couple years. she doesn’t actually live in town proper. she moved out here from Bellevue only a couple years before. but she has strong opinions about that empty field being “quintessentially *redacted small town* “. used to see her approach folks in the grocery store about it before covid.
|
|
#
?
Jun 6, 2022 21:18
|
|
|
also Jesus Christ why didn’t anyone ever tell how good a deal points can be. fake edit: because I never had the money for them.
|
|
#
?
Jun 6, 2022 21:19
|
|
|
Bar Ran Dun posted:also Jesus Christ why didn’t anyone ever tell how good a deal points can be. I dont have any money What are points
|
|
#
?
Jun 6, 2022 21:21
|
|
|
You can pay moneyb up front to reduce your interest rate. Effect on your monthly payment is somewhat higher than paying more down payment but you don't get equity
|
|
#
?
Jun 6, 2022 21:31
|
|
|
projecthalaxy posted:I dont have any money you buy a lower interest rate from the mortgage company for a lot of loving money now so you pay less over time. pretty critical with how nuts interest rates are now
|
|
#
?
Jun 6, 2022 21:34
|
|
|
I see. I figured based on context and general terminology it was percentage points of something somewhere, but thanks cor the info E: Mortgage points are the fees a borrower pays a mortgage lender in order to trim the interest rate on the loan. This is sometimes called “buying down the rate.” Each point the borrower buys costs 1 percent of the mortgage amount. So, one point on a $300,000 mortgage would cost $3,000. Each point typically lowers the rate by 0.25 percent, so one point would lower a mortgage rate of 4 percent to 3.75 percent for the life of the loan. How much each point lowers the rate varies among lenders, however. The rate-reducing power of mortgage points also depends on the type of mortgage loan and the overall interest rate environment. Neato! projecthalaxy has issued a correction as of 22:33 on Jun 6, 2022 |
|
#
?
Jun 6, 2022 22:30
|
|
|
Dems rock 
|
|
#
?
Jun 6, 2022 23:19
|
|
|
H.P. Hovercraft posted:drop dead, lady boomers gotta stare down the barrel of non-existence like the rest of us, no amount of hours spent at city council meetings will stop it.
|
|
#
?
Jun 6, 2022 23:31
|
|
|
i'm listing my house in a day or two, hopefully the market doesn't bottom out on me before this poo poo sells
|
|
#
?
Jun 7, 2022 03:34
|
|
|
AWWNAW posted:dump this old bitch in the ocean
|
|
#
?
Jun 7, 2022 07:23
|
|
|
projecthalaxy posted:I see. I figured based on context and general terminology it was percentage points of something somewhere, but thanks cor the info thank you for the write up! housing babey: get money so you can buy it I’m still working on the get money part but I’m optimistic 
|
|
#
?
Jun 7, 2022 12:55
|
|
|
Just for giggles I punched my data into one of those mortgage potential calculators and it thinks I can spare $985 a month for mortgage and interest (i currently am paying $695 rent instead) and thus should pop out and buy an $183,000 house tomorrow. Both of those numbers seem incorrect to me but thats not Homeowner Thought i guess Also, a lot of houses in my region have suddenly dropped this week down into that price range! Thats probably not a sign or anything.
|
|
#
?
Jun 7, 2022 15:27
|
|
|
projecthalaxy posted:Just for giggles I punched my data into one of those mortgage potential calculators and it thinks I can spare $985 a month for mortgage and interest (i currently am paying $695 rent instead) and thus should pop out and buy an $183,000 house tomorrow. Both of those numbers seem incorrect to me but thats not Homeowner Thought i guess Those calculators also don't consider the maintenance and potential HOA costs you don't see as a renter, so your monthly can end up being a lot more than 985. It really stinks of pre-2008 when people were convinced to take bloated mortgages on small budgets by not being told all the hidden costs and risks.
|
|
#
?
Jun 7, 2022 15:47
|
|
|
Grapplejack posted:Phoenix also has the whole 'no water' thing staring it in the face
|
|
#
?
Jun 7, 2022 15:53
|
|
|
Grapplejack posted:Phoenix also has the whole 'no water' thing staring it in the face There are houses in coastal Washington that are for sale while they're actively falling into the sea
|
|
#
?
Jun 7, 2022 16:00
|
|
|
You, a moron: the fact that it could catch on fire and destroy the home is a bad thing Me, a genious: free heating  
|
|
#
?
Jun 8, 2022 13:12
|
|
|
Pittsburgh Fentanyl Cloud posted:There are houses in coastal Washington that are for sale while they're actively falling into the sea Miami still going strong as well, despite the water line literally being an inch below grade
|
|
#
?
Jun 8, 2022 13:44
|
|
|
A friend sent this https://cdn.nar.realtor/sites/defau...-05-12-2022.pdf I thought it was pretty interesting. Institutional buyers made up 13% of sales last year which is less than I would have expected. Also, my local state of Vermont has that number at a whopping 0%, meaning the people yelling about institutional buyers on local reddit are wrong and really the pincers loving us locally are bad supply combined with an influx of affluent individuals from CT/NYC/etc who can just come make cash offers at 150% market on whatever they want to buy as a COVID-escape-zone. Granted, there's still not much here to feel good about except "things aren't that bad, yet". Tell that to unhomed people.
|
|
#
?
Jun 8, 2022 15:36
|
|
|
Cabbages and Kings posted:A friend sent this 13% is a significant number and isnt that basically doubled from say 5 years ago? the trend lines are there
|
|
#
?
Jun 8, 2022 15:48
|
|
|
Cabbages and Kings posted:A friend sent this 13% is insanely high in a market where housing availability is already kept below demand to enrich rent seekers.
|
|
#
?
Jun 8, 2022 16:03
|
|
|
Beached Whale posted:You, a moron: the fact that it could catch on fire and destroy the home is a bad thing Your Northern California 4bd 2ba is guaranteed to skyrocket in value! Or be just wiped from the surface of the earth by a sheet of flame along with the 25 cul-de-sacs around it
|
|
#
?
Jun 8, 2022 16:07
|
|
|
Cabbages and Kings posted:A friend sent this sincerely, thank you for sharing the link. interesting resource
|
|
#
?
Jun 8, 2022 16:14
|
|
|
Ammanas posted:13% is a significant number and isnt that basically doubled from say 5 years ago? the trend lines are there yup it is and it's alarming, the fact it's lower than I would have expected just means I am out of touch with some basic realities here. So, I found this interesting.
|
|
#
?
Jun 8, 2022 16:16
|
|
|
Ammanas posted:13% is a significant number and isnt that basically doubled from say 5 years ago? the trend lines are there 
|
|
#
?
Jun 8, 2022 16:21
|
|
|
the white hand posted:Your Northern California 4bd 2ba is guaranteed to skyrocket in value! Or be just wiped from the surface of the earth by a sheet of flame along with the 25 cul-de-sacs around it "culs-de-sac," incredibly
|
|
#
?
Jun 8, 2022 16:52
|
|
|
Ammanas posted:13% is a significant number and isnt that basically doubled from say 5 years ago? the trend lines are there  it's lower than five years ago, and the trend is flat back to 2010 imo not that i am defending intuitional buyers but also my realtor hadn't seen any of that in MA e:fb  this one is pretty interesting too, seems to be a focused to the south Mad Wack has issued a correction as of 17:09 on Jun 8, 2022 |
|
#
?
Jun 8, 2022 17:07
|
|
|
the solution is to move to Alaska
|
|
#
?
Jun 8, 2022 17:33
|
|
|
Mad Wack posted:
do they know something we dont about climate change or energy lol
|
|
#
?
Jun 8, 2022 17:38
|
|
|
Mad Wack posted:
I wonder how this map compares to the degree of tenant rights/renter protections. I wouldn't be surprised if institutional investors prefer to buy in states with fewer laws protecting tenants. Also, does the 13% include wealthy people casually buying a second house to rent or Airbnb? It didn't sound like that was in the definition of "institutional" (unless they use an LLC), but I may have misread it. I'd be curious how that fits into the larger statistics.
|
|
#
?
Jun 8, 2022 18:18
|
|
|
anime was right posted:do they know something we dont about climate change or energy lol No, they just had a sack of money and were told to buy as many houses as possible in urban and suburban areas, so they focused on the cheapest areas. The fact that those places are the ones most likely to collapse when the bubble pops only matters if they're the ones footing the bill for that, and they aren't.
|
|
#
?
Jun 8, 2022 18:26
|
|
|
incogneato posted:I wonder how this map compares to the degree of tenant rights/renter protections. I wouldn't be surprised if institutional investors prefer to buy in states with fewer laws protecting tenants. Texas has shockingly strong renter protections in many ways, left over from the early 20th century. No rent control (but what city has rent control anymore) but I was shocked at how lax california's tenant protections were when I moved out there in 2015. It's literally just that texas has 4 major cities, one of which is an oil town and another is a tech town, and very cheap compared to the coasts (except austin, nowadays).
|
|
#
?
Jun 8, 2022 18:29
|
|
|
Lots of boomers are moving to the sunbelt because it's cheaper to live there and they like the heat so there's currently a lot of growth and construction in those markets. That's it really.
|
|
#
?
Jun 8, 2022 18:43
|
|
|
anime was right posted:do they know something we dont about climate change or energy lol that it doesn't matter short term and short term profits are literally the only thing that matters
|
|
#
?
Jun 8, 2022 18:58
|
|
|
Pittsburgh Fentanyl Cloud posted:13% is insanely high in a market where housing availability is already kept below demand to enrich rent seekers. its also just counting REITs isnt it? I wonder what the % is when you include foreign investment funds including just small family purchases for investment/parachute usage in metro areas
|
|
#
?
Jun 8, 2022 21:52
|
|
|
Beached Whale posted:You, a moron: the fact that it could catch on fire and destroy the home is a bad thing Galaxy brain: Buy the house after it's already burned down to--the risk is priced in! 
|
|
#
?
Jun 8, 2022 23:03
|
|
|
Cull dis sack (cut off my balls I can't afford a home for my family)
|
|
#
?
Jun 9, 2022 01:17
|
|
|
TheSlutPit posted:Galaxy brain: Buy the house after it's already burned down to--the risk is priced in! Oh thats a good one. I have a friend who wants to move to west Seattle so I sent them this https://redf.in/Q6yJoE Oh hey look it's had a price drop!
|
|
#
?
Jun 9, 2022 01:26
|
|
|
|
| # ? May 24, 2024 08:09 |
|
|
CongoJack posted:Oh thats a good one. I have a friend who wants to move to west Seattle so I sent them this https://redf.in/Q6yJoE goddamn. a waterfront lot for under a half million? thats a bargain!
|
|
#
?
Jun 9, 2022 01:37
|
|
