mortgage interest rates doubling in percentage within a year, would be quite unprecedented, right?
🏡 Better Homes OFFICIAL real estate bs discussion
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mortgage interest rates doubling in percentage within a year, would be quite unprecedented, right?
fed trying to keep low
volcker fed put quite high to fight inflation/intentional recession
I saw this morning that Biden extended the eviction moratorium by another 90 days. It was supposed to expire March 31, but now expires at the end of June.
I have also been seeing stories about homes selling, but then the sellers refusing to leave because they can't find a new place. With the eviction moratorium in effect, they can't be forced out.
I have also been seeing stories about homes selling, but then the sellers refusing to leave because they can't find a new place. With the eviction moratorium in effect, they can't be forced out.
This is really the only one I've heard of. It's in CA, too, so make of that as you will. Dump $550000 into buying a house? State sides with the squatters, fuck your rights as a buyer.
www.insideedition.com
How the Eviction Ban Is Barring Couple From Moving Into Their New Home
The seller is still living in the home because of the state's freeze on evictions during the coronavirus pandemic, the couple says. They bought the home 14 months ago and have been paying the mortgage.
This is really the only one I've heard of. It's in CA, too, so make of that as you will. Dump $550000 into buying a house? State sides with the squatters, fuck your rights as a buyer.
How the Eviction Ban Is Barring Couple From Moving Into Their New Home
The seller is still living in the home because of the state's freeze on evictions during the coronavirus pandemic, the couple says. They bought the home 14 months ago and have been paying the mortgage.
I just can't believe that a sold property is protected under the eviction moratorium. I would have to think a really good lawyer could put together a case of fraud for that instance.
One way to cover yourself may be to put the requirement for the seller to leave or suffer consequences like very high rent in the contract. Hard for the seller to argue against that. Talk to an attorney to verify this.
Wife and I are seriously putting thought into moving to Texas before the kiddos start school. North of Houston in the Woodlands/Spring area. Just seems like garages are always on the smaller side with 3+ being hard to come by.
www.zillow.com
6762 Lake Paloma Trl, The Woodlands, TX 77389 | Zillow
Zestimate® Home Value: $0. 6762 Lake Paloma Trl, The Woodlands, TX is a single family home that contains 4,590 sq ft and was built in 2012. It contains 6 bedrooms and 5 bathrooms. The Rent Zestimate for this home is $5,999/mo, which has increased by $5,999/mo in the last 30 days.
Well I’m going to be selling my place soon and moving to a single family. The market is bat shit crazy right now it’s going to be a ride. 
Anyone interested in a 2 br 1 bath townhouse In Schaumburg with a good sized 1 car garage that is setup nicely to work on your ride let me know.
Anyone interested in a 2 br 1 bath townhouse In Schaumburg with a good sized 1 car garage that is setup nicely to work on your ride let me know.
Good luck dude.
been looking unofficially for 3-4 months and officially for a month. 1/2 the places I try and get in for a showing are under contract before we can even get into and look at. For over asking.
been looking unofficially for 3-4 months and officially for a month. 1/2 the places I try and get in for a showing are under contract before we can even get into and look at. For over asking.
This is what I've run into. Multiple times I've been driving to a showing, only to get a call from my realtor to be told it just went under contract. I think a lot of people are putting in offers without ever seeing the house.
I've given up at the moment. Hopefully things settle down at some point soon.
I can’t even shop for houses that fall in my budget because they are going to get bid up past what I can afford.
basically knock $20k off whatever you want to spend and that’s where you can look.
Agreed. Lately I've used the assumption that offers are going to be around 7-10% higher than asking price, so I need to lower the max price of my search.
I'm a single dude going in on a place by myself, so my budget is somewhat modest. I'm trying to stay under 300k, but anything in that price range is almost untouchable unless it's a total dump. It seems like anything under 450k is ridiculously competitive among buyers.
with the market so out of whack I'd be holding off on buying till the pricing settles down. I bought my current home 3 months before the 2008 market bomb and even with all my updates and upgrades the house never fully recovered it's value till now with things being over inflated. I'd love to sell my house now and get that money out of it but I'd be in the same situation buying the next place. I refuse to buy a house without looking it over, just don't understand people buying homes sight unseen.
I also see a lot of these houses that “sell” in one day back on the market a couple weeks later. Seems many are falling through because the deals are way over what the house appraises for and the banks won’t finance it.
I Bought my place in 2008 just after the bottom fell out of the market. I have plenty for a down payment in equity in the house but a back to back closing is going to be tough to do right now. I’ll probably have to pull some money from the 401k then pay it back once the house closes. The wife is super impatient though and my mom is my realtor so there is another layer or involved.
I Bought my place in 2008 just after the bottom fell out of the market. I have plenty for a down payment in equity in the house but a back to back closing is going to be tough to do right now. I’ll probably have to pull some money from the 401k then pay it back once the house closes. The wife is super impatient though and my mom is my realtor so there is another layer or
involved.
I also see a lot of these houses that “sell” in one day back on the market a couple weeks later. Seems many are falling through because the deals are way over what the house appraises for and the banks won’t finance it.
I Bought my place in 2008 just after the bottom fell out of the market. I have plenty for a down payment in equity in the house but a back to back closing is going to be tough to do right now. I’ll probably have to pull some money from the 401k then pay it back once the house closes. The wife is super impatient though and my mom is my realtor so there is another layer or
Seen 2 of these as well in our area. Contingent in a day and a few weeks later or less boom it’s back on the market.
Interesting. These two are putting forward a lot of speculation as if it is fact. They have one scenario they are pushing but they ignore a lot of factors. I see a mix of some truth with a lot of speculating. Most of the purchases I see here are from buyers wanting a 2nd home or wanting to move down here not from Black Rock type investment firms. Listen to the modifying words they use. Could, can, might, etc. I do agree real estate is cyclical and rich people use it to make money. I don't see anything like 2008 happening right now. Banks are much tighter with loans and people's debt is lower now than it was back then. IMO, watch for interest rates to rise and prices to top off sometime in a year or two.
Besides being northeast of Wausau in farmland. Can someone please figure out wtf is wrong with this property and why I haven’t bought it yet?
www.redfin.com
174770 County Road G, Wausau, WI 54403 - 4 beds/2 baths
(CWMLS) 4 beds, 2 baths, 1900 sq. ft. house located at 174770 County Road G, Wausau, WI 54403 sold for $135,000 on May 14, 2021. MLS# 22004571. Looking for a charming country home on 10 acres? This is the...
Dishwasher is missing the bottom cover, so stay awayBesides being northeast of Wausau in farmland. Can someone please figure out wtf is wrong with this property and why I haven’t bought it yet?
174770 County Road G, Wausau, WI 54403 - 4 beds/2 baths
(CWMLS) 4 beds, 2 baths, 1900 sq. ft. house located at 174770 County Road G, Wausau, WI 54403 sold for $135,000 on May 14, 2021. MLS# 22004571. Looking for a charming country home on 10 acres? This is the...
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