billm0066
billm0066 t1_jaaqgkd wrote
Reply to comment by BillazeitfaGates in US Pending Home Sales Surge 8.1%, Most Since June 2020 — Bloomberg by cbusoh66
I’m in the south and there is no room to build unless you move to the sticks.
billm0066 t1_jaaqd03 wrote
Reply to comment by Best_Of_The_Midwest in US Pending Home Sales Surge 8.1%, Most Since June 2020 — Bloomberg by cbusoh66
From an all time low which still means a shortage of inventory. Every market is different but national numbers don’t lie.
billm0066 t1_ja8ir67 wrote
BuT THe MaRKetS GuNNa CRASH!!!!!
Lets put things into perspective.
2007 before the crash there were 4 million homes for sale
2023 there is less than 1 million
Real estate is not crashing this time. No arms, little inventory, good credit, low dti, tons of equity, low rates. 10% unemployment will barely make a dent to real estate. Dont bet against real estate. Buy when rates are high if you can afford it, and refi in a few years when rates come down. If rates come down below 5.5% real estate will take off again. This is the dip.
billm0066 t1_jaar2t2 wrote
Reply to comment by Bluebirdx- in US Pending Home Sales Surge 8.1%, Most Since June 2020 — Bloomberg by cbusoh66
Compared to all time lows which means STILL LOW INVENTORY.
Who the fuck is buying a house right now? My 225k house is now worth 500k and I have an $1100 month mortgage payment. An upgraded house means a $3500 a month mortgage payment or higher. Fuck that. I will never sell this house. I would rent it before ever consider selling it.