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Yeah, the supposedly smart people were saying that prices had to go down when interest rates went up. That hasn't happened at all on a national level. If/when interest rates go back down that will definitely be used as justification to ratchet prices even further into the stratosphere.
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Jul 20, 2023 18:09
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Pittsburgh Fentanyl Cloud posted:I'm not sure it's possible right now to make anything that's not a poor financial decision, unless you bought ten years ago. how the gently caress is the delta between the ARM and fixed that low? ARMs were like half the rate of fixed last year
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Jul 20, 2023 21:38
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Bastard Tetris posted:how the gently caress is the delta between the ARM and fixed that low? ARMs were like half the rate of fixed last year banks like it.
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Jul 20, 2023 21:42
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Pittsburgh Fentanyl Cloud posted:I'm not sure it's possible right now to make anything that's not a poor financial decision, unless you bought ten years ago. Vomik posted:yeah although I meant in terms of people without a lot of money trying to use all sorts of rich people financial instruments.
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Jul 20, 2023 21:49
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super glad I bought a house ten years ago. jeez louise those rates are insane.
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Jul 20, 2023 23:15
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DR FRASIER KRANG posted:super glad I bought a house ten years ago. jeez louise those rates are insane. Super wish I didn't let my ex wife convince me to sell the house we bought in 2017. I had a great rate with a very low payment, and the house was about 10 years old with a lot of work done by the previous owners. It was gorgeous. We bought a 40 year old house with foundation problems, though still with a low 2021 rate. Then she began an affair, we divorced a year ago, sold that house in June (finally), and I'm looking for a new divorced dad house near the kids' school. Hopefully I can get something I'll be in for a while. I just want stability, but in this economy, lol. anonumos has issued a correction as of 00:55 on Jul 21, 2023 |
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Jul 21, 2023 00:52
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good day to learn that my area is having some of the lowest listings in time and prices jumped 5% in less than a year. houses are somehow selling a week after I see them listed.
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Jul 21, 2023 01:02
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a week is an eternity. do you live on the South Pole ?
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Jul 21, 2023 01:03
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I live in upstate ny. guess I’m suppose to put in the offer on the same day but it’s kinda hard.
RadiRoot has issued a correction as of 01:45 on Jul 21, 2023 |
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Jul 21, 2023 01:43
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Bastard Tetris posted:how the gently caress is the delta between the ARM and fixed that low? ARMs were like half the rate of fixed last year When rates were low ARMs had to be even lower because they could only go up. Now rates could go either way.
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Jul 21, 2023 02:27
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   lol what the gently caress is happening in Iowa when twelve stairs you might climb a few times a week are just too many stairs for people approaching the ripe old age of 40
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Jul 21, 2023 14:17
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all boomers still think they're middle-aged
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Jul 21, 2023 14:30
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why did they build two stairs like that hahah
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Jul 21, 2023 14:35
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Iowa I guess
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Jul 21, 2023 14:37
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There's nothing else back there so why not. Something tells me it isn't the stairs that's the problem
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Jul 21, 2023 14:39
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Pittsburgh Fentanyl Cloud posted:
70 is middle aged now???
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Jul 21, 2023 15:03
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Pittsburgh Fentanyl Cloud posted:
"Housing price not always go up?"
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Jul 21, 2023 15:06
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Pittsburgh Fentanyl Cloud posted:Yeah, the supposedly smart people were saying that prices had to go down when interest rates went up. That hasn't happened at all on a national level. If/when interest rates go back down that will definitely be used as justification to ratchet prices even further into the stratosphere. The problem with housing prices that makes them no longer tied to the old paradigm where interest rates dictate prices by shifting purchaser behavior is that now rich people have all the money instead of just most. So they can still buy investment properties and rent them back to the proletariat.
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Jul 21, 2023 15:18
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ikanreed posted:The problem with housing prices that makes them no longer tied to the old paradigm where interest rates dictate prices by shifting purchaser behavior is that now rich people have all the money instead of just most. So they can still buy investment properties and rent them back to the proletariat. yeah it's this. interest rates don't matter if you have a scrooge mcduck vault to just pay cash for everything and then rent them out
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Jul 21, 2023 15:23
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Pittsburgh Fentanyl Cloud posted:One house I went into had a broken sewage line in the basement, the floor was soaked and the entire house smelled like poo poo top to bottom. An older person was somehow living there. This kind of thing is unfortunately pretty common. My friend's mom had a neighbor that was living for years in a house that ended up being condemned and knocked down because of a major sewer leak and a massive mouse infestation that resulted in all the walls being filled with dead mice. Also had some major structural issues, but I bet it wouldn't have fallen down for a while. Lots of people basically stop being able to afford or maintain their homes once they reach a point where they can't do basic cleaning and maintenance themselves. A combination of reduced income from retirement and needing to pay someone else to do every little thing means that you have zero money to deal with big poo poo and just let problems fester. Even a decade ago, every house we looked at that was owned by an older person had some major, major issues.
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Jul 21, 2023 15:32
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Pittsburgh Fentanyl Cloud posted:
Related: everyone who installs solar thinks they're going to get most of the money back when they sell the house, but to buyers 95% of buyers don't give a single poo poo and value it at $0, 4% hate it and give negative value, and 1% wants someone else's installed solar system.
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Jul 21, 2023 15:35
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Paradoxish posted:This kind of thing is unfortunately pretty common. My friend's mom had a neighbor that was living for years in a house that ended up being condemned and knocked down because of a major sewer leak and a massive mouse infestation that resulted in all the walls being filled with dead mice. Also had some major structural issues, but I bet it wouldn't have fallen down for a while. lol I'm moving into one of these houses (as a rental) and we just discovered the whole downstairs carpet is completely soaked through with mold, which presumably includes the particle board underneath as well
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Jul 21, 2023 16:16
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I'm gonna kick housing prices rear end
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Jul 21, 2023 17:18
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who wants to help me
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Jul 21, 2023 17:18
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i'm going to kiss housing prices rear end instead
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Jul 21, 2023 17:22
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I’d look at that iowa house. those stairs are no big deal to us. going to look at like 5 houses tomorrow and we’ll see what happens. ours just came on the market today and already have showings lined up this afternoon. hope our native plant pollinator garden in front of our house isn’t a turn off. all you have to do is pull weeds sometimes.
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Jul 21, 2023 17:30
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sonatinas posted:I’d look at that iowa house. those stairs are no big deal to us. Don't fret. Our old home was in a (very) local patch blurb on an example to emulate from the native plant society for our state. Had a little brass plaque celebrating our work! We were worried, too. The realtor suggested after a few pre-open house showings that we cut it back a bit, make it less to manage, she could recommend a landscaper, blah blah blah. It wasn't a mess. It was a very well-manicured northern midwest prairie garden in the front yard, slightly raised up by thatched siding instead of pine blocks of wood, It did cover about 3/4ths of the front yard, which was previously stupid lawn grass, but it was a showcase as much as a habitat. A nearby home kept bees and those bees kept happy. The eventual buyers were ecstatic, asked for a listing of everything we planted and a quick guide on resources for how to take care of it/expand it. You'll find a buyer who loves the natural world, and they will pester you for details. It will turn off fuddy-duddies but you'll find someone who will appreciate your work.
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Jul 21, 2023 17:47
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grass can eat poo poo, that would be a huge plus for us (if I can ever afford anything lolol)
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Jul 21, 2023 18:40
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Crusty Nutsack posted:grass can eat poo poo, that would be a huge plus for us (if I can ever afford anything lolol) letting clover take over our back yard has done wonders for our lawn. barely have to mow and decent with drought. I’m a few houses I’ve been in lately they all have irrigation systems. so wasteful.
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Jul 21, 2023 18:53
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sonatinas posted:letting clover take over our back yard has done wonders for our lawn. barely have to mow and decent with drought. I bought a house, front yard was covered in grass, went to jax and bought a big bag of clover seeds and now my front yard is beautiful and full of bees
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Jul 21, 2023 19:02
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sonatinas posted:letting clover take over our back yard has done wonders for our lawn. barely have to mow and decent with drought. Clover is the best.  Bees and bugs love themselves some clover.
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Jul 21, 2023 19:07
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sonatinas posted:letting clover take over our back yard has done wonders for our lawn. barely have to mow and decent with drought. My dad is your typical Boomer and giddy at the thought of poisoning all the clover (along with all the frogs that live there) on my side of the property. I told him don't you dare.
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Jul 22, 2023 01:20
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man some of y’all’s parents..
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Jul 22, 2023 02:15
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My lease says I have to maintain the grass, even if it's only a small strip. If not they will charge $50 per invoice to bring it to compliance. Renting owns.
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Jul 22, 2023 03:10
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you should have crossed that section out when you signed the lease
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Jul 22, 2023 03:11
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euphronius posted:you should have crossed that section out when you signed the lease They said they had multiple applications and any modification would get declined.
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Jul 22, 2023 03:14
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I truly loved the hidden $1200/yr fee via water bill so much I accidentally broke the water pipes if you are really nice and smiley to your landlord while sabotaging their house you can sometimes even get your deposit back
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Jul 22, 2023 04:14
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cumming in the sink, leftishly
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Jul 22, 2023 04:31
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I remember renting my first house, I was like "damnit I'm tired of renting apartments, I'm renting a lovely 100 year old house, I kind of like going outside and doing yardwork." Well, it wasn't as much fun as I remembered plus there were some cool invasive plant species that were a real bitch. I almost didn't even get to rent it because I turned in my application later than another couple. But my mom had some solid boomer advice and I went up to the owner, looked him in the eye, gestured white-ishly, and said I AM IN LOVE WITH YOUR HOUSE, I WILL TAKE VERY VERY GOOD CARE OF IT. He called me 15 minutes later and was like yeah I'll just rent it to you. At the end of the 1 year lease I was done and he offered to sell it to me for $250k which was about $280k more than I had, so sorry bro. It was kind of a poo poo property all around and it merely doubled in value over the last decade+ so you know it's trash. Now there are 6 micro breweries and taprooms within walking distance instead of two. It was good times in spite of it all though, good times.
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Jul 22, 2023 07:45
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wow you had double the down payment!!
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Jul 22, 2023 08:39
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