Housing market updates from Atlanta

[cinemapiccha]

24 minutes ago, Sonu_Patel said:

totally agree with your point anna with Inflation.. 

There is also another point called Affordability.. I am saying with the mass volume of housing Inventory will get accumulated over the course of next months and It will cause the prices to normalize.

Remember anna, Grass is not always green. 2024 is equivalent to 2007 for housing.. few months aeyinaka neke telustadi etla untadho. 

Affordability will also increase based on the increase in incomes which is how inflation based increase is managed in this country since the great depression.

2007 crash is caused by bad practices from banks in giving loans. The current situation is no way similar to that.

Please don't speculate.

[Hitman]

21 minutes ago, cinemapiccha said:

Affordability will also increase based on the increase in incomes which is how inflation based increase is managed in this country since the great depression.

2007 crash is caused by bad practices from banks in giving loans. The current situation is no way similar to that.

Please don't speculate.

The cost of owning a house quadrupled from 2008 levels.   Due to Interest rate x 2, Due to price x2 . Total 4 fold increase. But income grew by, how much 20 to 40% ??? will this justify? 

[Sonu_Patel]

18 minutes ago, cinemapiccha said:

Affordability will also increase based on the increase in incomes which is how inflation based increase is managed in this country since the great depression.

2007 crash is caused by bad practices from banks in giving loans. The current situation is no way similar to that.

Please don't speculate.

Reality chesko anna.. 

for example 2020 before oka average new construction home (3k sft) around 400-450 k range lo undevi.. assuming you are making around $130k

now the average home 3k sft cosing beyond 700k.. nuvu cheppinatu $220-$230k salary ravali.. entha mandiki vasthunnayi ah range lo salaries adhyaksha ani @Aquaman athma ghoosha. 

[Sonu_Patel]

38 minutes ago, cinemapiccha said:

Affordability will also increase based on the increase in incomes which is how inflation based increase is managed in this country since the great depression.

2007 crash is caused by bad practices from banks in giving loans. The current situation is no way similar to that.

Please don't speculate.

Do you think now we have good practices for loans ? 

lender gallu chesey magic and gimmikkulu chusthey.. nee mathi potadi .. 

gross wages chusi loans istunnaru.. ultimately home buyers will suffer and end up paying 70-80% of pay check towards the mortgage payment. 

[lollilolli2020]

12 minutes ago, Sonu_Patel said:

Do you think now we have good practices for loans ? 

lender gallu chesey magic and gimmikkulu chusthey.. nee mathi potadi .. 

gross wages chusi loans istunnaru.. ultimately home buyers will suffer and end up paying 70-80% of pay check towards the mortgage payment. 

adentii idantha Kaneda lo ney aithayi kada isonti gimmicks 

[Sonu_Patel]

33 minutes ago, Hitman said:

The cost of owning a house quadrupled from 2008 levels.   Due to Interest rate x 2, Due to price x2 . Total 4 fold increase. But income grew by, how much 20 to 40% ??? will this justify? 

@cinemapiccha answer this question ani @Aquaman adagamannadu. 

[cinemapiccha]

5 hours ago, Hitman said:

The cost of owning a house quadrupled from 2008 levels.   Due to Interest rate x 2, Due to price x2 . Total 4 fold increase. But income grew by, how much 20 to 40% ??? will this justify? 

2008 ki 2024 ki compare chestunnav kada

same comparison 1992 ki 2008 ki kooda cheyyi how a similar house price has changed ani.

You will understand, nothing abnormal happened here.

[cinemapiccha]

5 hours ago, Sonu_Patel said:

Do you think now we have good practices for loans ? 

lender gallu chesey magic and gimmikkulu chusthey.. nee mathi potadi .. 

gross wages chusi loans istunnaru.. ultimately home buyers will suffer and end up paying 70-80% of pay check towards the mortgage payment. 

Then you need to look for houses that are affordable for your paycheck.

Vere vadiki slump lo unnappudu takkuvaki machi illu vachindi ani danitho compare chesukunte ela.

[ChillDude]

44 minutes ago, cinemapiccha said:

2008 ki 2024 ki compare chestunnav kada

same comparison 1992 ki 2008 ki kooda cheyyi how a similar house price has changed ani.

You will understand, nothing abnormal happened here.

1990s lo kooda housing padindi. But housing bubble didnt pump like 2008, andukey bust wasn't terrible.

Ikkada covid taravaata housing prices reached unsustainable levels due to Fed's artificially created money. Inventory unna every state (Southern states) lo crash avutundi when unemployment reaches 6%+

[cinemapiccha]

47 minutes ago, ChillDude said:

1990s lo kooda housing padindi. But housing bubble didnt pump like 2008, andukey bust wasn't terrible.

Ikkada covid taravaata housing prices reached unsustainable levels due to Fed's artificially created money. Inventory unna every state (Southern states) lo crash avutundi when unemployment reaches 6%+

A Crash is impossible.

If the cost of building a new home itself is varied now. There is now way for the prices to go below that. You need to analyse a lot of factors to understand that.

What you are saying is from debates and from public sentiment. The  financial factors are not there to back it up.

There will definitely be a correction of around 20% to 10% in the housing prices for houses above 750K and 10% to 5% for houses below 750K, and nothing more than that, and that too if at all there is a recession.

[travellerusa]

8 hours ago, Sonu_Patel said:

totally agree with your point anna with Inflation.. 

There is also another point called Affordability.. I am saying with the mass volume of housing Inventory will get accumulated over the course of next months and It will cause the prices to normalize.

Remember anna, Grass is not always green. 2024 is equivalent to 2007 for housing.. few months aeyinaka neke telustadi etla untadho. 

Konochaa ledaa patel anna

[cinemapiccha]

51 minutes ago, ChillDude said:

1990s lo kooda housing padindi. But housing bubble didnt pump like 2008, andukey bust wasn't terrible.

Ikkada covid taravaata housing prices reached unsustainable levels due to Fed's artificially created money. Inventory unna every state (Southern states) lo crash avutundi when unemployment reaches 6%+

on an average every 15years double avthadi housing market, ikkada ade jarigindhi

Padina prathi saari 5% to 10% padindhi except for 2008 bubble.

Prices might not increase for a while.

Padutayyi ani kalalu kanakandi. adhi impossible.

[cinemapiccha]

1 minute ago, travellerusa said:

Konochaa ledaa patel anna

evadanna kontademo ani last few months nunchi okate vestunnadu propaganda threads.

[travellerusa]

Just now, cinemapiccha said:

evadanna kontademo ani last few months nunchi okate vestunnadu propaganda threads.

Price cuts and incentives istam ani emails sending builders

[Sonu_Patel]

1 hour ago, travellerusa said:

Konochaa ledaa patel anna

manchi deal dorikithey tesesko anna.. all i am saying is do not over pay and biddings cheyabakandi.. 

ikkada group lo chala mandi @cinemapiccha lanti home owners unnaru.. they are afraid if the property values undergo any correction.