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QM33
(NOT A PUPPET!) ❤❤❤❤❤



Registered: 04/09/20
Posts: 4,739
Loc: Oregon
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Re: The housing market. [Re: budmanman]
#27806563 - 06/05/22 05:13 AM (1 year, 7 months ago) |
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Lol the last time during covide.. like a year ago? . Hahahahaha. What a world.
That probably won't be able to swing that again.
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budmanman
OTD Masterbater



Registered: 02/07/07
Posts: 17,974
Loc: PNW
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Re: The housing market. [Re: QM33]
#27806569 - 06/05/22 05:22 AM (1 year, 7 months ago) |
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It was like 2 years ago.
And now with Airbus finally being a major competitor and the new Chinese aircraft entering the game it is hard to say what the future holds.
But their defense sector will probably always keep them afloat.
At this point I feel like I would rather work for airbus but there is very little opportunity in the states to work for them.
During the Covid lay offs a lot of people went to space X but space X was a long drive for me so I was like fuck that shit.
-------------------- Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal. And I am mentally unstable.
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QM33
(NOT A PUPPET!) ❤❤❤❤❤



Registered: 04/09/20
Posts: 4,739
Loc: Oregon
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Re: The housing market. [Re: budmanman]
#27806575 - 06/05/22 05:28 AM (1 year, 7 months ago) |
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Our tax dollars at work..
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TheFakeSunRa
Bitch Splitter



Registered: 03/01/05
Posts: 16,449
Loc: Dirdy SOUF
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Re: The housing market. [Re: budmanman]
#27806768 - 06/05/22 09:22 AM (1 year, 7 months ago) |
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Quote:
budmanman said: The last time the government tried to bail them out during covid the government wanted part ownership for bailing them out so they went with a private loan instead.
Despite all their online postings of Pro BLM and ACAB and pro socialist crap during the riots and shit, the moment socialism starting trying to stick its paws in their business they were like fuck off.
Anyway they're doing all that rainbow shit right now.
Usually I find you difficult to read but this is dead on.
-------------------- [quote]Asante said: You constantly make posts thatr fling middle school insults at people you don't like mixed in with maladjusted psychopathic comments about wanting to beat up the other poster with a crowbar. You know how shit you are, you just don't give a fuck for precisely that reason. I disendorse you.[/quote]
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ManianFH
living in perverty



Registered: 07/06/04
Posts: 14,741
Last seen: 15 hours, 10 minutes
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Yah I remember working only an hour a day for half the wage you’re talking about, some of the happiest days of my life. Kinda would like to be doing that again haha
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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budmanman
OTD Masterbater



Registered: 02/07/07
Posts: 17,974
Loc: PNW
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Re: The housing market. [Re: ManianFH]
#27807765 - 06/06/22 01:13 AM (1 year, 7 months ago) |
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Most days I only work an hour but I have to be physically present for 8.
-------------------- Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal. And I am mentally unstable.
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budmanman
OTD Masterbater



Registered: 02/07/07
Posts: 17,974
Loc: PNW
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Re: The housing market. [Re: budmanman]
#27810090 - 06/07/22 07:40 PM (1 year, 7 months ago) |
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-------------------- Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal. And I am mentally unstable.
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budmanman
OTD Masterbater



Registered: 02/07/07
Posts: 17,974
Loc: PNW
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Re: The housing market. [Re: budmanman] 1
#27815393 - 06/11/22 10:59 PM (1 year, 7 months ago) |
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I am starting to see homes that would normally be listed for 950k in my area now listing for 680k.
-------------------- Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal. And I am mentally unstable.
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budmanman
OTD Masterbater



Registered: 02/07/07
Posts: 17,974
Loc: PNW
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Re: The housing market. [Re: budmanman]
#27841692 - 06/28/22 11:58 PM (1 year, 6 months ago) |
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My homes zestimate is catching up to market conditions. Has lost 50k in valueover the last 30 days.
-------------------- Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal. And I am mentally unstable.
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
Last seen: 3 minutes, 57 seconds
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Re: The housing market. [Re: budmanman]
#27842687 - 06/29/22 05:01 PM (1 year, 6 months ago) |
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Real estate is a locally dependent market. Zillow reports my "zestimate" value is +0.5% over the last 30 days, at a rather ludicrous $1110 per square foot! I'd have a hard time believing it except that I've toured toured several of the comparable properties around my block that have been selling at those sky high rates. Plop my home in Mississippi and it'd be worth ~25% of what it fetches here. I'm removed from the inner city but have easy access into the heart of LA and its surrounding cities. Although I do expect some additional cooling in the market, I personally feel relatively insulated to major shocks due to the prime location. My home is somewhat lower end for the neighborhood, which is actually preferable with regard to price stability, as I own an entry level home in a very high ranking public school district, and it's a lot easier to find families eager to buy the entry level homes to get their kids quality education, than it is the $10-$15 million dollar properties that often sell for under asking, whereas a home in my more pedestrian end of neighborhood recently set a record at 30%+ over asking.
--------------------
-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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budmanman
OTD Masterbater



Registered: 02/07/07
Posts: 17,974
Loc: PNW
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Re: The housing market. [Re: geokills]
#27969965 - 09/26/22 11:39 PM (1 year, 3 months ago) |
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Mortgage rates are hitting 7% and the housing market has taken a significant sink, projections are 20% more downward motion from here, news articles appearing calling the market a bubble
-------------------- Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal. And I am mentally unstable.
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
Last seen: 3 minutes, 57 seconds
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Re: The housing market. [Re: budmanman]
#27970643 - 09/27/22 01:05 PM (1 year, 3 months ago) |
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Yeah, with the Fed still pedal to the metal on rate hikes, the housing market is definitely feeling the effects. I think a lot of folks were expecting the Fed to back off a bit once they saw the market react, but that isn't happening, at least not yet. My home is still hanging in there @ an estimated $1029/sq ft, although still down roughly 7% from its peak value as of the post I made above three months ago. We'll see how it goes...
--------------------
-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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budmanman
OTD Masterbater



Registered: 02/07/07
Posts: 17,974
Loc: PNW
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Re: The housing market. [Re: geokills]
#27970744 - 09/27/22 02:19 PM (1 year, 3 months ago) |
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My house has lost about 18% so far.
-------------------- Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal. And I am mentally unstable.
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budmanman
OTD Masterbater



Registered: 02/07/07
Posts: 17,974
Loc: PNW
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Re: The housing market. [Re: budmanman]
#27970776 - 09/27/22 02:42 PM (1 year, 3 months ago) |
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You live in some kind of Crazy expensive area, like if my house was where your house is my shit would be worth almost 2 million dollars.
-------------------- Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal. And I am mentally unstable.
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croyleje



Registered: 08/22/22
Posts: 122
Last seen: 1 year, 14 days
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Re: The housing market. [Re: budmanman]
#27970782 - 09/27/22 02:45 PM (1 year, 3 months ago) |
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Simple answer yes and so will your homes value unless your exceedingly lucky or live in a very very desirable area.
-------------------- Learn Linux and cut your ties to big tech, remember if a service is provided to you for free you and your data are the payment. https://www.fsf.org/
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ManianFH
living in perverty



Registered: 07/06/04
Posts: 14,741
Last seen: 15 hours, 10 minutes
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Re: The housing market. [Re: croyleje]
#27972999 - 09/28/22 09:35 PM (1 year, 3 months ago) |
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Man my brother tried to sell his house at 1.2 but I think these rates got in the way. One year ago sold without a problem, now not a single bid.
He said they’re good regardless and love their house, but crazy what a few short months can bring
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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budmanman
OTD Masterbater



Registered: 02/07/07
Posts: 17,974
Loc: PNW
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Re: The housing market. [Re: ManianFH]
#28012451 - 10/23/22 12:46 PM (1 year, 3 months ago) |
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Interest rates are now 7% and some people getting 8%, 2023 is predicted to hit double digit rates.
I just did some calculations with a mortgage calculator and for someone to buy my house with a modest 30k down their payment would be 5,200 a month.
with a whopper of 120k down payment, it would be 4,150 a month.
even with the large 120k down payment, that is 50k a year in just mortgage payments alone.
That is completely out of reach for most people. These prices are about to tank.
-------------------- Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal. And I am mentally unstable.
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Ahab McBathsalts
OTD Windmill Administrator




Registered: 11/25/02
Posts: 35,107
Loc: Wind Turbine, AB
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Re: The housing market. [Re: budmanman]
#28012718 - 10/23/22 03:09 PM (1 year, 3 months ago) |
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Prices and interest rates are typically inversely correlated.
Interest rates go up, prices gotta go down. We've had 40 years of generally falling interest rates. It is going to be a rough decade for some, especially those holding variable rate debt.
At $350k @ 5.6% Your house price of price plus interest is $650k
At $430 @ 3.6% Your price plus interest is 650K
At $480 @ 2.6% Price is 650k.
The payment for all these mortgages is roughly the same at $2100 per month.
-------------------- "Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."
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Ahab McBathsalts
OTD Windmill Administrator




Registered: 11/25/02
Posts: 35,107
Loc: Wind Turbine, AB
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Or the fed flinches and somthing system looks like it will break and they start cutting rates within the next 18 months, which is my thought of what the base case will be.
-------------------- "Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."
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Forrester
aspiring sociopath


Registered: 02/05/13
Posts: 9,351
Loc: Northeast USA
Last seen: 24 days, 7 hours
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Re: The housing market. [Re: budmanman]
#28012898 - 10/23/22 05:19 PM (1 year, 3 months ago) |
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The housing boom around here has already begun to crash. I was lucky enough to get in at the right time when I sold mine. But if you got funds I think soon things are gonna get a LOT cheaper. A year ago, anything listed would sell in a week or less for over value, now those things are starting to sit for longer and longer.
But then there's supply and demand, so I could be wrong. That's why I like real estate as an investment though, there's only gonna be more and more people needing it, and there's only so many houses available, considering the cost of building is only going up.
-------------------- Repugnant is a creature who would squander the ability to lift an eye to heaven, conscious of his fleeting time here. ------------------- Have some medicinal mushrooms and want to get the most out of them? Try this double extraction method.
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