Voreeeyyy asalll vomerica real estate ni em seddham anukuntunnar raa

[futureofandhra]

9 minutes ago, kasi said:

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

Right now that's how demand is

Even apartment rentals are high.

If wfh is over then pbm starts

 

 

[Thokkalee]

6 minutes ago, kasi said:

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

House is too personal bro.. everyone dreams of owning a home.. if it is affordable, people will buy… 

also rents have increased a lot.. instead of paying 3K for a 2bd apartment, it is a no brainer to pay 4K for mortgage and taxes.. nenu pre pandemic 1600 rent pay chesina apartment ippudu 3K undi.. 

[kasi]

2 minutes ago, futureofandhra said:

Right now that's how demand is

Even apartment rentals are high.

If wfh is over then pbm starts

 

 

agreed about the demand.....but the there is a decline as TS posted, but our desi are still acting like mad cows even in this current situation

[quickgun_murugun]

2 hours ago, pandu123b said:

6+ interest rate affected affordability of 80-90% people.

what else can we expect!!

House prices are reducing and after a point and it will settle down there..

then interest will be reduced 

and then the buying cycle repeats 😊

Its a never ending cycle every 5-8 years lo Ee corrections maamooley.. ucha aapukoleni batch hadavidi anthey 

[kasi]

3 minutes ago, Thokkalee said:

House is too personal bro.. everyone dreams of owning a home.. if it is affordable, people will buy… 

also rents have increased a lot.. instead of paying 3K for a 2bd apartment, it is a no brainer to pay 4K for mortgage and taxes.. nenu pre pandemic 1600 rent pay chesina apartment ippudu 3K undi.. 

good luck kaka.....looks like you are reflecting yourself here 

i am not talking anything personal, just trying to understand/explain the current situation

its your money.....your choices.....you can do whatever you like, you are true... everyone will have their own perspectives about things

 

 

[futureofandhra]

4 minutes ago, kasi said:

agreed about the demand.....but the there is a decline as TS posted, but our desi are still acting like mad cows even in this current situation

Desis are negligible % compared to major buyers

Definitely it's crazy when people are ready to pay 3500$ per month not sure what's their confidence

[Thokkalee]

Just now, futureofandhra said:

Desis are negligible % compared to major buyers

Definitely it's crazy when people are ready to pay 3500$ per month not sure what's their confidence

Incomes baga perigayi bro.. multiple jobs, wife working on EAD/GC… many of them got GC’s and feel more settled.. not sure if they can continue to earn this way in the future but many desis have lot of money on hand.. 

[kasi]

1 minute ago, futureofandhra said:

Desis are negligible % compared to major buyers

Definitely it's crazy when people are ready to pay 3500$ per month not sure what's their confidence

kaka i am talking about mindless desis here......i know we desi cant contribute to raise/lower the housing market

i see a definite decline in the housing prices, i don't say its crashing, but its declining and houses in the market is increasing and the demand is slowing down

[kasi]

2 minutes ago, Thokkalee said:

Incomes baga perigayi bro.. multiple jobs, wife working on EAD/GC… many of them got GC’s and feel more settled.. not sure if they can continue to earn this way in the future but many desis have lot of money on hand.. 

good luck bigg boss  

[Thokkalee]

3 minutes ago, kasi said:

good luck kaka.....looks like you are reflecting yourself here 

i am not talking anything personal, just trying to understand/explain the current situation

its your money.....your choices.....you can do whatever you like, you are true... everyone will have their own perspectives about things

No.. I am not reflecting myself.. 😄

I already bought a home 1.5 yrs ago.. got the lowest possible rate on the loan.. so I have no worries 😉

[veerigadu]

1 hour 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.. 

Time will tell. For now, I envy the batch you brought homes until first quarter of 2021. They got best of both worlds. Inventory was high and interest rates were low too. Things changed after April 2021.

After that people gone mad, they paid hefty prices on bidding and brought homes without even inspections. They compromised. I think they made biggest mistake. IMO

[Gaali_Gottam_Govinda]

39 minutes ago, Thokkalee said:

House is too personal bro.. everyone dreams of owning a home.. if it is affordable, people will buy… 

also rents have increased a lot.. instead of paying 3K for a 2bd apartment, it is a no brainer to pay 4K for mortgage and taxes.. nenu pre pandemic 1600 rent pay chesina apartment ippudu 3K undi.. 

Thats the reason why people FOMO at its peak bubble. 

Fed will crush the rent prices in the coming years.... Rent is now the main driver of US CPI inflation along with food.... When the rent prices goes down Institututional investors will sell billions of real estate inventory under their balance sheet....... But you will still end up paying your $4K mortgage on a home that will be worth 20-30% less market value. 

 

Whoever bought homes from March 2021 will be underwater next year.

I bought home long back in 2011..... even my home will go down but I'm not worried, its part of bull and bust market cycle. 

I only have 100K mortgage remaining on my $900K valued home. 

[Thokkalee]

34 minutes ago, veerigadu said:

Time will tell. For now, I envy the batch you brought homes until first quarter of 2021. They got best of both worlds. Inventory was high and interest rates were low too. Things changed after April 2021.

After that people gone mad, they paid hefty prices on bidding and brought homes without even inspections. They compromised. I think they made biggest mistake. IMO

Don’t worry bro. You will buy it too when time comes.
Even if someone bought homes at a bit high prices for low rates, they are good.. bcoz the total cost of the loan is low as they took mortgage at a lower rate.. 

the market was on steroids as institutional investors started buying homes by outbidding first time buyers… they started flipping homes and made lot of profits.. 

[Thokkalee]

38 minutes ago, Gaali_Gottam_Govinda said:

Thats the reason why people FOMO at its peak bubble. 

Fed will crush the rent prices in the coming years.... Rent is now the main driver of US CPI inflation along with food.... When the rent prices goes down Institututional investors will sell billions of real estate inventory under their balance sheet....... But you will still end up paying your $4K mortgage on a home that will be worth 20-30% less market value. 

Whoever bought homes from March 2021 will be underwater next year.

I bought home long back in 2011..... even my home will go down but I'm not worried, its part of bull and bust market cycle. 

I only have 100K mortgage remaining on my $900K valued home. 

Get out of here.. you are way too old.. 😄