Buyers market begins
- Thread starter evince
- Start date
Clearly the markets do not think that inflation is a long term problem. I can still get a 30 year fixed rate mortgage at much less than 5%. If I have an interest rate of 4.2%, and inflation is at 9%, that is a huge discount on buying a home. Basically, I am getting the house at half the purchase price (adjusted for inflation) even considering the interest.
If you believe that interest rates are going to stay high, or go higher, then borrow as much as you can at these low interest rates.
Althea
Althea told me...
Interest rates are low compared to the 80's, but twice as high as when the Fed was pushing housing.
Houses are still higher than they should be, but coming down when compared to the bubble caused by the trump virus.
And of course this is regional. NYC residents fled the city in droves, buying up every available home north of the city. It inflated prices, and created housing shortages.
That has calmed now that NYC doesn't look like a post nuclear mess.
Matt Dillon
Retardium User
So everybody is currently fucked on housing prices, right, deshy?
That's what I think, prove me wrong!
Althea
Althea told me...
You should probably take your drink and hang out with Celticguy in his delusional thread.
evince
Truthmatters
You can still buy a house and rent it for more than your payment in lots of locations
When I bought my second home I rented my first for one for hundred under my payment
What a great investment that 100 dollars a month was
That house is where I live now
It’s worth over fives times what I paid for it
I now rent my second home for well over for the payment
I could get more too
I’m just to nice to raise the rent that high on my existing renter
When I bought my second home I rented my first for one for hundred under my payment
What a great investment that 100 dollars a month was
That house is where I live now
It’s worth over fives times what I paid for it
I now rent my second home for well over for the payment
I could get more too
I’m just to nice to raise the rent that high on my existing renter
Matt Dillon
Retardium User
You should probably go fuck yourself with a cactus. Eat shit, leftist fucktard.
Even if you had the means you never would do anything good for humanity.
It's all about you, amirite?
Exactly what would you do that's good for the people of America?
Althea
Althea told me...
evince
Truthmatters
Matt Dillon
Retardium User
You're full of shit and that's inhumane. You piece of fuck.
How can you do that to people and still consider yourself a good person? Seriously. You're capitalizing on their misery. You're fucked up.
evince
Truthmatters
Says the guy who inherited his grandmas trailer on his dads land
Matt Dillon
Retardium User
That doesn't mean it's OK to fuck everybody on the rent prices.
My house would probably be $1.6 million in CA. It's not worth that much.
More like 1/10 that much.
Matt Dillon
Retardium User
Bitch, we built this country.
My grandma made something out of nothing and I helped. What have you done?
When was the last time you cleared 5 acres with a machete, cunt? Half past never? Yeah. Fuck You. Seriously.
My dad was not involved, but uh yeah.
Tell me about the last time you had land bigger than 5 acres, k?
evince
Truthmatters
Matt Dillon
Retardium User
Yeah, I was wrong about that. Don't expect too much beyond that because I know what a leftist shitbag you are.
I said I was wrong on that.
evince
Truthmatters
Add park and you're close, but not close enough.
You own a trailer park your grandma left you
And you think that makes you a big deal?
evince
Truthmatters
My family was dirt poor
They rented
When I left home I would act the grandparent role to my little sis and brother
Even supplemented their income at times so they could make it
My little bro and sis moved in with me when they moved out
I put my self through school while doing it
Nearly every person in my family lived with me at some point
There were 8 kids in my family
I was number six
I own Two homes
Now I’m retired
No grandma money
No daddy money
NO HELP
I married a great guy and we built a life
All on our own
They rented
When I left home I would act the grandparent role to my little sis and brother
Even supplemented their income at times so they could make it
My little bro and sis moved in with me when they moved out
I put my self through school while doing it
Nearly every person in my family lived with me at some point
There were 8 kids in my family
I was number six
I own Two homes
Now I’m retired
No grandma money
No daddy money
NO HELP
I married a great guy and we built a life
All on our own