housing market crash avtunda leda

[Guest]

9 minutes ago, Vallavan said:

 

 

March lo interest rates bump up avtaya bro

Already increase ayyav, March lo 2 more rounds untay 

[a_sagittarian]

Thing is no one knows the answer. No one knows if market is gonna slow down or not.

[Vallavan]

18 minutes ago, Galactus said:

affordability evadu dekhatledu bro , I have seen people single income earning 100-120k buying 500k+ properties , not sure how they can afford the monthly payments and live comfortably as half salary will go for mortgage..

totally agree.. asalu if its an investment property for example.. like so many west/east people are buying in texas and colorado etc, how can they get rents to pay for their mortgage? no way a local can pay for the mortgage through rent..

[terminator_desi]

31 minutes ago, Galactus said:

affordability evadu dekhatledu bro , I have seen people single income earning 100-120k buying 500k+ properties , not sure how they can afford the monthly payments and live comfortably as half salary will go for mortgage..

ante life long 100-120k radhu kadha bro.Future lo ekkuva vache chances unnayi kadha.

[perugu_vada]

1 minute ago, terminator_desi said:

ante life long 100-120k radhu kadha bro.Future lo ekkuva vache chances unnayi kadha.

kharchulu peruguthunnay kani salary kadhu .. unless there are 2 pay checks .. its hard to manage .. ala authondi situation

[Pavanonline]

1 hour ago, Vallavan said:

Right now all my friends are moving into homes and wifey feeling fomo so thats adding to my stress. anduke konchem input adiga ikkada..

Why fomo, If you are going to India? Happy ga paisal india ki pampukoni illu konukko, if you already have then fd chesko nuvvu velle time ki manchi income vastadi. 
me friends situation veru kada they are here to stay. 5 years ante no one can predict how market is going to be. .Ee year end varaku ithe prices padavu that I can tell. Happy ga edina new house rent sign cheyi long term lease as rentals are going to increase okasari spring/summer vachindante 

[no01]

needi remote job aithe, koncham duram lo single fam rent ki undu. Dont rent 3000sqft or more house...2500 - 2700 sqft enough. Single fam house unna korika theeruthundi + prime area lo high rents nundi koncham duram ga unte you wont feel like over paying.

Dont know where u stay but Dallas area lo Frisco nearby lo rents are high...so ppl moved to Celina where brand new houses have cheaper rents than frisco. Desi's baane untaru akkada...slowly increasing day by day.

 

[pakeer_saab]

5 hours ago, Vallavan said:

Right now all my friends are moving into homes and wifey feeling fomo so thats adding to my stress. anduke konchem input adiga ikkada..

wife ninchi peer pressure aite, then call your mama and ask for the overbid amount, you pay the market price, they pay the overbid amount.. all yappies

 

[pakeer_saab]

4 hours ago, Vaampire said:

Housing market is due for correction and correction is inevitable. But we never know when it happens. What is homes increase by another 20% and then corrected by 10%, u still end up paying more compared to todays price.

fed is going to increase interest rates very soon. Ideally that should flatted the housing market if not reduce price. But currently inventory is all time low. I mean on avge 10x buyers compared to 1x sellers. This demand can totally outset the market conditions like increased interest rate

fear of inflation could allow the level of demand, in a inflationary environment, it will take 1-2 yrs before market cools off, but it will also impact demand resulting in stable to correction which would be 10% or less, CV has shown that gloomy environments do not end up in recession, people are moving into hot climates, this has been fastened during CV

IL, NJ, NY, CA sagam mandi jump who had plans for long time to move out, the next crisis will start 4 states definitely not in TX, TX could be the last one
 

[Fish]

34 minutes ago, pakeer_saab said:

fear of inflation could allow the level of demand, in a inflationary environment, it will take 1-2 yrs before market cools off, but it will also impact demand resulting in stable to correction which would be 10% or less, CV has shown that gloomy environments do not end up in recession, people are moving into hot climates, this has been fastened during CV

IL, NJ, NY, CA sagam mandi jump who had plans for long time to move out, the next crisis will start 4 states definitely not in TX, TX could be the last one
 

Malli offices ki pilisthe….Antha normal ki ochesthundi….not sure if that’s going to happen or not 

[pakeer_saab]

Just now, Fish said:

Malli offices ki pilisthe….Antha normal ki ochesthundi….not sure if that’s going to happen or not 

most of the people migrating are with GC/EAD, they will look for other remote jobs, local lo matram anta high paid undadu

in a sense DFW folks ki local lo already too much competition resulting in low wages

[naranjaX]

3 minutes ago, Fish said:

Malli offices ki pilisthe….Antha normal ki ochesthundi….not sure if that’s going to happen or not 

Already people are starting to return to work either on a full or a flex schedule in most of the states

[Fish]

1 minute ago, pakeer_saab said:

most of the people migrating are with GC/EAD, they will look for other remote jobs, local lo matram anta high paid undadu

in a sense DFW folks ki local lo already too much competition resulting in low wages

H1 meeda kuda chaala mandi migrate ayyaru

[Fish]

1 minute ago, naranjaX said:

Already people are starting to return to work either on a full or a flex schedule in most of the states

But Inka chaala clients didn’t even start hybrid model

[naranjaX]

Just now, Fish said:

But Inka chaala clients didn’t even start hybrid model

I think now is the time they will start as omicron effect has also decreased in most of the states and pfizer mentioned its omicron vaccine will be ready by March which will accelerate return to office further 

Clubbed with this summers are usually known for competitive housing and hence unless a recession happens prices might not go down significantly... In the long run if anyone has taken advantage of the low interest rate even subtle adjustments in house prices will not cause much effect