Voreeeyyy asalll vomerica real estate ni em seddham anukuntunnar raa

[pandu123b]

19 minutes ago, futureofandhra said:

dallas taggedhey ley 

new houses 1 $ kooda taggaledhu 

 

[Complex]

1 minute ago, veerigadu said:

It doesn’t matter to our people. Andaruuu tho patuuu munigithree they don’t care. As long as they are not the only ones munigipoyingggg

how is Atlanta market bro?

[veerigadu]

1 minute ago, Complex said:

how is Atlanta market bro?

Bagundhi anna. Prices going down. Last one month lo minimum 25 to 40k range lo thaggayiii prices for a typical 500-600k houses. Inventory kudaa peruguthundhiii market lo

[Guest]

Antha nuvve sesav kada anna..nuv sese crying sudaleka ratelu increase sesaranta

[veerigadu]

3 minutes ago, Guest said:

Antha nuvve sesav kada anna..nuv sese crying sudaleka ratelu increase sesaranta

Yes that is a theory postulated by @Thokkalee anna. It holds some truth in db universe.  It’s subject to testing and deployment in mainstream 🌎 

[Deadp0ol2]

interest rates can go upto 9% 

[veerigadu]

1 minute ago, Deadp0ol2 said:

interest rates can go upto 9% 

7.5% is upper limit ani I’m expecting. Let’s see 

[Thokkalee]

1 hour ago, futureofandhra said:

dallas taggedhey ley 

new houses 1 $ kooda taggaledhu 

Depends on the area Anna… 

[Thokkalee]

50 minutes ago, veerigadu said:

Yes that is a theory postulated by @Thokkalee anna. It holds some truth in db universe.  It’s subject to testing and deployment in mainstream 🌎 

Admit it bro.. you are feeling bad for not (or unable to) buying a house when the interest rates are low and house prices are low… now you are crying on people who bought homes and hoping that there is a recession so that the prices will go to rock bottom..

I don’t think the home prices and mortgage rates will go to pre pandemic levels in the next 5 years.. 

[kasi]

2 hours ago, veerigadu said:

Mortgage demand from homebuyers falls 29% since last year

 

https://www.cnbc.com/2022/09/14/mortgage-demand-declines-29percent-from-last-year-as-rates-eclipse-6percent.html

any stats wrt covid period data will be completely skewed

we need to compare pre-covid data with the present......

 

i think wrt pre-covid......still more demand, still higher prices(despite of raising intrst rates )

[kasi]

1 minute ago, Thokkalee said:

Admit it bro.. you are feeling bad for not (or unable to) buying a house when the interest rates are low and house prices are low… now you are crying on people who bought homes and hoping that there is a recession so that the prices will go to rock bottom..

I don’t think the home prices and mortgage rates will go to pre pandemic levels in the next 5 years.. 

so you saying that people will still buy a house 500K when the intrest rate are at 6-8% wrt covid time when it was 2-3%???

here is an example of payment 

pre covid 400K at 3.5% ....you monthly mortage - around 1800$

at covid 500K(same house) at 3% ....you monthly mortage - around 2100$

post covid 500K(same house) at 7% ....you monthly mortage - around 3300$

 

can you see it now??

 

[kasi]

58 minutes ago, veerigadu said:

7.5% is upper limit ani I’m expecting. Let’s see 

i dont see intrest going down anytime soon.....they will slowly inject the increace...looks like they are look into hike another 75 basis points soon

 

and if this continues,,,,,,,,,i wont be surprised to see 9-10%

https://www.wsj.com/articles/jerome-powells-inflation-fighting-pledge-could-tee-up-another-0-75-point-interest-rate-rise-11662550241

 

[Thokkalee]

5 minutes ago, kasi said:

so you saying that people will still buy a house 500K when the intrest rate are at 6-8% wrt covid time when it was 2-3%???

here is an example of payment 

pre covid 400K at 3.5% ....you monthly mortage - around 1800$

at covid 500K(same house) at 3% ....you monthly mortage - around 2100$

post covid 500K(same house) at 7% ....you monthly mortage - around 3300$

can you see it now??

It depends on the affordability bro.. ppl bought homes when the rates were 7% in the early 2000’s..

all I am saying is that the home rates and mortgage rates won’t fall down to pre pandemic levels.. mortgage rates won’t go to below 3% in the next 5 years.. home rates won’t go to 2020 levels in the prime high demand areas.. 

[kasi]

2 minutes ago, Thokkalee said:

It depends on the affordability bro.. ppl bought homes when the rates were 7% in the early 2000’s..

all I am saying is that the home rates and mortgage rates won’t fall down to pre pandemic levels.. mortgage rates won’t go to below 3% in the next 5 years.. home rates won’t go to 2020 levels in the prime high demand areas.. 

thats excatly the point.....it doesn't matter 5 or 2 or 10% interest rate.....as long as 2500Sq ft house has a monthly payments between 1300-2000$(ball park figure), they will buy it 

people should be stupid to pay a monthly of 3000$ for the same house, they used have payment at about 2000$......and i am seeing desis doing to now(people buying houses now and the next few months), just out of peer pressure, they are gonna regret it 

 

[kasi]

6 minutes ago, Thokkalee said:

It depends on the affordability bro.. ppl bought homes when the rates were 7% in the early 2000’s..

all I am saying is that the home rates and mortgage rates won’t fall down to pre pandemic levels.. mortgage rates won’t go to below 3% in the next 5 years.. home rates won’t go to 2020 levels in the prime high demand areas.. 

btw just because you can afford it, you dont pay 2000$ for a 1000$ iphone !!!!!