House rates -is it good time to buy home?

[Thokkalee]

4 minutes ago, nokia123 said:

Supply chain, shipping and labor issues resolve kaaniki minimum 2023 end paduthundhi 

I think it will take longer.. the wages are not going down even if the material cost goes down… unless US opens the borders and let more people into the country.. 

[nokia123]

8 hours ago, RENT said:

increase

what will be the situation in coming months? Is it good time to buy home?

experts throw some light..

Intrest rates are raising …year end ki enthaki pothundo ani thinking 

[BeerBob123]

Very good time to buy

sont rent now

[Fish]

33 minutes ago, Thokkalee said:

Last year only lumber prices went up.. now all building materials rates increased.. labor costs increases by a lot and they are having trouble finding labor to build homes.. so they are cutting down on building new homes.. heck even Costco increased their water case prices…

every builder will have a margin over the build price and they are just doing what they regularly do… they even stopped selling homes to people who already have a home bcoz they are signing up and selling it after closing the home.. making a huge profit and also becoming a competitor to the builder.. 

it’s inflation, people having lots of money and they are ready to pay anything to get hands on it….needless to say ekkada nundi dabbulu ochaayo, stimulus, stocks, forberance, multiple jobs, eviction moratorium,low interest rates which led to refinance and new home buying.Once all the financial sources stop, inflation will come down. Appudu people will have no money to bid on houses, now builders are taking their last chances to pull the money from economy.

stimulus ❌ 

stocks  ❌ 

forberance ❌ 

Low interest rates ❌ 

Eviction moratorium ❌ 

multiple jobs ⁉️ 

 

[Thokkalee]

44 minutes ago, Fish said:

it’s inflation, people having lots of money and they are ready to pay anything to get hands on it….needless to say ekkada nundi dabbulu ochaayo, stimulus, stocks, forberance, multiple jobs, eviction moratorium,low interest rates which led to refinance and new home buying.Once all the financial sources stop, inflation will come down. Appudu people will have no money to bid on houses, now builders are taking their last chances to pull the money from economy.

stimulus ❌ 

stocks  ❌ 

forberance ❌ 

Low interest rates ❌ 

Eviction moratorium ❌ 

multiple jobs ⁉️ 

 

You are mixing up people in the low income and the high income groups… high income groups (desis, Chinese, upper middle class Americans etc) have lot of cash on their hand.. they are the ones bidding more on the houses for their primary homes..  many of them can easily afford a 4K -5K mortgage payment every month if both wife and husband are working..

btw, the interest rates are still low compared to the rates during Trump rule..

[quickgun_murugun]

1 hour ago, Thokkalee said:

I think it will take longer.. the wages are not going down even if the material cost goes down… unless US opens the borders and let more people into the country.. 

Country M kudishipothadi atla chestey! 

[Pavanonline]

7 minutes ago, quickgun_murugun said:

Country M kudishipothadi atla chestey! 

2 million entered in 1 year just from south border alone, inka chalatle janalaki

[quickgun_murugun]

1 minute ago, Pavanonline said:

2 million entered in 1 year just from south border alone, inka chalatle janalaki

[Fish]

23 minutes ago, Thokkalee said:

You are mixing up people in the low income and the high income groups… high income groups (desis, Chinese, upper middle class Americans etc) have lot of cash on their hand.. they are the ones bidding more on the houses for their primary homes..  many of them can easily afford a 4K -5K mortgage payment every month if both wife and husband are working..

btw, the interest rates are still low compared to the rates during Trump rule..

Yee roju 10year treasury yield increased to 1.91 today which is proportionate to interest rates 

[pakeer_saab]

8 hours ago, quickgun_murugun said:

Country M kudishipothadi atla chestey! 

ade process nadustundi since an year, they will let a million more

[ZoomNaidu]

8 hours ago, Pavanonline said:

2 million entered in 1 year just from south border alone, inka chalatle janalaki

Dems paapamey Idhi ani @Sucker antunnaadu. 

[AreyOSamba]

On 2/4/2022 at 9:13 PM, nokia123 said:

Supply chain, shipping and labor issues resolve kaaniki minimum 2023 end paduthundhi 

Even then rates taggutay ani guarantee ledhu Bhaya. Just so you know contractors will not charge less going forward once they are used to higher pay. 

[AreyOSamba]

On 2/4/2022 at 5:23 PM, pakeer_saab said:

inflation and supply chain issues subside ayi real prices will reflect, last year anta lumbar prices valla perigayi which was underatndable, now it is builders mafia, but desis who are overbidding will have to regret for long time

 

Bhayya, lumber prices is just a tiny part of the story.

Just a scenario, neeku ippudu vachey salary next year 50% cut teesukkmantey does it sound okay to you?? Same thing with building contracters. It's not a one time thing their pay will not come down.

Pandemic start aiyina taravata print chesina USD accounts to 40% of the whole USD all time. Inka ardham kavatam ledha US dollar value ekkada vundoo. Don't get offended but the truth is there is no such thing called builder mafia as they are just making profits like any other industry.Infact they cannot be blamed at all as their profit margin is very less. Walmart lo milk price pendhadu Ani all grocery stores are mafia anagalama?

[HEROO]

On 2/4/2022 at 1:54 PM, RENT said:

increase

what will be the situation in coming months? Is it good time to buy home?

experts throw some light..

Buy man 

lumber shortage

hvac shortage

Labour shortage

evrything is shortage now a days supply is too low

if you find one which you can afford buy it

[texas]

On 2/4/2022 at 12:54 PM, RENT said:

increase

what will be the situation in coming months? Is it good time to buy home?

experts throw some light..

Buy Bhayya