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euphronius posted:Ah yea retirement this poo poo is fuckin terrifying
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Jul 27, 2023 19:55
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ProperGanderPusher posted:I wanna live in the same unincorporated Menlo Park neighborhood I grew up in during the 90s, complete with neighbors who did things for a living like teach kids and fix shitters. That’s my real home, not the east bay, and especially not places we only visited back in the day to stop for gas on the way to Tahoe. I want to live in a Beverly Hills mansion, but hey good luck to you on that ¯\_(ツ)_/¯
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Jul 27, 2023 20:00
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indigi posted:this poo poo is fuckin terrifying Medicaid nursing facility clawbacks are going to completely gently caress future generations lmao
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Jul 27, 2023 20:19
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Ammanas posted:fwiw id take anything a real estate agent or mortgage broker/loan officer says with a huge grain of salt. they are absolutely feeling the squeeze and are highly motivated to maintain the status quo of high prices. always I was lucky and had a guy who I had a connection with. his advice was always ‘we have no idea what rates are very going to do, if you’re comfortable with the rate now, lock it in. if you can afford to gamble, wait.’
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Jul 27, 2023 20:20
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euphronius posted:Ah yea retirement yeah poo poo
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Jul 27, 2023 20:20
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JAY ZERO SUM GAME posted:always that’s what mine said. I told him lock it in right now. I don’t think refinancing is going to be on the table for a very long time.
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Jul 27, 2023 20:56
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Wonder if cities converting commercial real estate into residential will shock the housing market by increasing supply? But that could also be years away to do the conversions.
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Jul 27, 2023 23:30
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Raccooon posted:Wonder if cities converting commercial real estate into residential will shock the housing market by increasing supply? But that could also be years away to do the conversions. probably not. labor costs, materials, etc would gouge away at any possible savings from increased supply is my guess. and conversions are exclusively done for the wealthier buyers.
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Jul 28, 2023 00:03
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Thoguh posted:lmao going to a 99 year loan doesn't even make a difference at 7% with a $500k loan. It's $2,919.58 a month that's still almost 90% of what you're paying for a 30 year loan The interest payment on the first month of any mortgage is rate*(loan amount)/12. In your case about $2920. A 99 year loan is just renting by another name except for price appreciation. Now you’re really gambling with leverage.
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Jul 28, 2023 03:21
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Fozzy The Bear posted:Like how? Oakland, San Pablo, Vallejo are all cities that touch the bay area water.  i have coworkers who were priced outta oakland before the pandemic
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Jul 28, 2023 03:32
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H.P. Hovercraft posted:
How loving stupid are you? Why would average price matter? We weren't talking averages. There are houses for <$500,000 in Oakland, but as I said, you will have black and brown neighbors, and I know your white liberal rear end would never be able to live there.  
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Jul 28, 2023 04:56
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I think there were even a few houses <$400k, but they were on E 14th St, and since I wouldn't live there, I didn't include it.
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Jul 28, 2023 05:08
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lol defending the honor of the oakland housing market by posting $550/sqft shacks
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Jul 28, 2023 05:12
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Fozzy The Bear posted:How loving stupid are you? Why would average price matter? We weren't talking averages. There are houses for <$500,000 in Oakland, but as I said, you will have black and brown neighbors, and I know your white liberal rear end would never be able to live there. Why are you so hellbent on smearing the entire thread, née forum, as white liberals who don't want diverse neighbors? Like, every single one of us? You know all of us and our address?
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Jul 28, 2023 05:12
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actually you're racist if you pass on this $640/sqft 2bd 1ba
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Jul 28, 2023 05:16
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anonumos posted:Why are you so hellbent on smearing the entire thread, née forum, as white liberals who don't want diverse neighbors? Like, every single one of us? You know all of us and our address? I'm just talking about the bay area posters who insist that the only houses worth living in are a $million. I've grown up here, I know their type. I'm sure there is a huge overlap who also post on nextdoor complaining about a strange person in a hoody who walked by.
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Jul 28, 2023 05:17
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H.P. Hovercraft posted:actually you're racist if you pass on this $640/sqft 2bd 1ba You don't even know what average means
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Jul 28, 2023 05:18
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i wonder what that $400k earthquake shack in sf is up to now
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Jul 28, 2023 05:19
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Fozzy The Bear posted:You don't even know what average means 4.4 inches *starts sweating* right? *tugs necktie* RIGHT??
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Jul 28, 2023 16:50
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post the median and IQR instead smh
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Jul 28, 2023 17:47
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talking to some mortgage lenders they said they aren't expecting rates to go up soon and that it's shouldn't be a problem getting 6% or even a bit lower.
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Jul 28, 2023 18:39
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I found a property that's dropped 50% off the asking price since 2021! https://www.zillow.com/homedetails/4625-Highway-46n-Cumberland-City-TN-37050/329738769_zpid/
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Jul 28, 2023 19:22
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Fozzy The Bear posted:How loving stupid are you? Why would average price matter? We weren't talking averages. There are houses for <$500,000 in Oakland, but as I said, you will have black and brown neighbors, and I know your white liberal rear end would never be able to live there. 500k for a 1000sqft house in gunshot Oakland is a tough sell. I'm black btw, trying to find a house to buy out here. Probably gonna say gently caress it and move back east to MD where it's less of a dystopia and there are less depressing black communities MLKQUOTEMACHINE has issued a correction as of 20:11 on Jul 28, 2023 |
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Jul 28, 2023 20:08
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RadiRoot posted:talking to some mortgage lenders they said they aren't expecting rates to go up soon and that it's shouldn't be a problem getting 6% or even a bit lower. my spouse and I have excellent credit and we locked in at 7.125 this week. maybe should have shopped around for 6 I dunno.
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Jul 28, 2023 20:12
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sonatinas posted:my spouse and I have excellent credit and we locked in at 7.125 this week. maybe should have shopped around for 6 I dunno.  Seven and a basis point. eek. Powell is a bastard.
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Jul 28, 2023 20:19
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sonatinas posted:my spouse and I have excellent credit and we locked in at 7.125 this week. maybe should have shopped around for 6 I dunno. do it! might as well.  im looking at either Rocket Mortgage or Better Mortgage. RadiRoot has issued a correction as of 20:28 on Jul 28, 2023 |
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Jul 28, 2023 20:25
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My understanding is that Rocket Mortgage isn't really competitive rate-wise, maybe that's changed. I went through my bank back in June and locked in 5.9%.
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Jul 28, 2023 20:30
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Failson posted:I found a property that's dropped 50% off the asking price since 2021! looks like a gas station.
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Jul 28, 2023 20:36
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Some banks will let you lock in your rate for up to 180 days for a fee. It's a good option, knowing this market's inventory and the effort required to find a place. It took us a bit over two years to find our current place. It's not really improving out there in many markets.
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Jul 28, 2023 20:37
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Martha Stewart Undying posted:500k for a 1000sqft house in gunshot Oakland is a tough sell. I spent the 00's renting a room in a 900sqft house near 98th, working at Bayfair Mall. It wasn't that bad. There weren't many homeless encampments, but crime wasn't any better. If I didn't already own a house, that's where I would buy. Housing prices are just out of control.
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Jul 28, 2023 21:24
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RadiRoot posted:talking to some mortgage lenders they said they aren't expecting rates to go up soon and that it's shouldn't be a problem getting 6% or even a bit lower. gimme gimme gimme
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Jul 28, 2023 22:40
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RadiRoot posted:do it! might as well. I’m using a local lender that I used on my previous purchase.
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Jul 28, 2023 23:03
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i lost the offer for house #2. tried going all out, going 25% over asking price, waiving inspection, radon, and to pay commission in place of buyer. house also had lead service line (though most here still do). lost to a full cash offer. 
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Jul 29, 2023 01:42
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RadiRoot posted:
what why what’s the difference to the seller don’t they just get it all in cash from your bank and then it’s between you and your mortgage lender 
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Jul 29, 2023 01:56
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cash is faster to process, no risk of lender rejecting house or whatever. yeah it sucks poo poo. guess i just have to save up more.
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Jul 29, 2023 02:16
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i am harry posted:what why what’s the difference to the seller don’t they just get it all in cash from your bank and then it’s between you and your mortgage lender If you finance you'll need to have an appraisal done. If you submit an offer above list without offering to cover the spread between contract price and appraised value it's a risk for the seller. Cash doesn't have that so it's more of a sure thing for them.
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Jul 29, 2023 02:34
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 thinking this is probably the worst time to buy. maybe next year is the year. yeah... 9 years ago that house was 116% less. RadiRoot has issued a correction as of 03:08 on Jul 29, 2023 |
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Jul 29, 2023 02:55
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that sucks. at least you didn't pay $700+ for an inspector to take a look at a house you didn't get.
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Jul 29, 2023 03:34
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I always like to think of cash buyers showing up with a briefcase full of twenties. I know I know but that’s how I like to picture it
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Jul 29, 2023 16:17
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HashtagGirlboss posted:I always like to think of cash buyers showing up with a briefcase full of twenties. I know I know but that’s how I like to picture it https://www.youtube.com/watch?v=zp29Mx4-4dg
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Jul 29, 2023 16:28
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