Potential home owners ravaliii

[veerigadu]

5 minutes ago, Thokkalee said:

So you have finally decided to buy a home at the peak interest rates and near peak home rates.. you are convincing everyone that you are taking a good decision.. and they should also follow you and buy a home 😄

Peak anedhiii…oka subjective concept, convincing ledhuuu bokka ledhuuu. Yevariii choice valladhi anna.
 

I’m happy to see this massive inventory and buyers ability to negotiate.
 

I will jump in factoring 20% depreciation in January, Migathaaa valluuu valla istammm. 

[gutlogummadi]

40 minutes ago, veerigadu said:

I think builders will adapt and create shortage again. They will most likely reduce construction if they see less demand.
 

The current slashes are due to their miscalculation and excess inventory. You need to think from this standpoint too

Ippudu unna interest rate laki they can’t play that game, making hey while shine days r over

[RunRaajaRun123]

Wait for a year house prices will be down atleast 10-15%

[Sambavami yugeyuge]

34 minutes ago, RunRaajaRun123 said:

Wait for a year house prices will be down atleast 10-15%

Famous last words. 

[rmJU72]

7 hours ago, veerigadu said:

Manchiii rasapattuuu lo undhiii market. December January lo Kompaaa nacchitheee 10-15% thakkuvaaa beraaaam adesiiiii theeesukondiii. 
 

Interest rates thaggedhaaakkkaaa kusooogakandiii. First of all below 4% inkaaa impossible… aviii thaggavvv. Even if it does you can always refinance later. Now it’s time to go and pick the home since the inventory is really high in numbers. Meekuuuu nacchinaaa kompaaa susiii theeesukovadameeee. Asking price dhaggara siggu lekundaaa beraaam adaliii igaaa
 

My 2 cents. ATB

good bet, but don’t stretch urself to buy. be ok to withstand some more downside risk

[AnandaVivek]

20% ekkada paddayi baa..mari vetakaram…maa austin lo 10% pddayi adhe  from peak..bay area gurinchi entha thakkuva matladukunte antha best…rey @veerigadu inni thread lu vesindhi bokkalo 20% off peak prices kaa.. inka batti puranam aaputhava 

[Thokkalee]

6 hours ago, veerigadu said:

Peak anedhiii…oka subjective concept, convincing ledhuuu bokka ledhuuu. Yevariii choice valladhi anna.

😂

Looks like you got caned by your wife for not buying a home.. we all get it.. 😄

[Pandubabu]

9 hours ago, veerigadu said:

Manchiii rasapattuuu lo undhiii market. December January lo Kompaaa nacchitheee 10-15% thakkuvaaa beraaaam adesiiiii theeesukondiii. 
 

Interest rates thaggedhaaakkkaaa kusooogakandiii. First of all below 4% inkaaa impossible… aviii thaggavvv. Even if it does you can always refinance later. Now it’s time to go and pick the home since the inventory is really high in numbers. Meekuuuu nacchinaaa kompaaa susiii theeesukovadameeee. Asking price dhaggara siggu lekundaaa beraaam adaliii igaaa
 

My 2 cents. ATB

But refinance cheskovachu ani idea tho Matram konakoodadhu. No one knows about if interest rates coming down any time soon ...

 

[Thokkalee]

1 hour ago, Pandubabu said:

But refinance cheskovachu ani idea tho Matram konakoodadhu. No one knows about if interest rates coming down any time soon ...

True.. refinancing is very expensive with closing costs and further extending the loan term.. and the interest rate has to go way down for the numbers to work.. better to take a loan for smallest amount possible and the shortest term (may be 15 yrs) if affordable.. 

for a 500K 30 yr loan, with the current interest rates, after 5 years, you will pay around $170K as interest and 30K as principal.. if you refinance it, it will be on that remaining 470K.. 

always check the loan cost instead of the APR and loan term… 

[perugu_vada]

9 hours ago, Sonu_Patel said:

 

desis unna daggara asalu inventory ravadam ledu... price cuts anni bokkalo homes ki authunnae..

 

mana traditional desi style communites lo inka sales safi ga jaruguthunnae @veerigadu..

 

@perugu_vada uncle nee report kuda ikkada veyyi

Ye areas chustunav @Sonu_Patel uncle in austin area ? Nenu Redfin and Zillow lo chustuna.. not going to builders at this moment .. wait cheyochu inka for the rates to come down

watever be the thing, with so much high interest rates, it is advisable to go with less loan amount .. 

[quickgun_murugun]

9 hours ago, TOM_BHAYYA said:

Nuvvu cheppaka kuda inka think cheyadnaiki mememaina London pichhollama anna.. ee Feb lo second house b sign chesimingutha iga

Addi… DB needs this athi 

[quickgun_murugun]

9 hours ago, veerigadu said:

Mid term ayipoyakaaa. Asalll sell off start avthadhiii anna market. Dec to feb is crucial.
 

Appuduuu manam digaliii. March lo malli recover ayyeee pramadhaaam undhiii koddhooo goppo. 

Recovery ayyedi paisal spend cheyyatanni aapukoleni batch valla… its not recovery it’s patching … Assam train nobody can stop….

2020-2021 ki ela undalo aa situation ki osthadi market .. back to reality ! 

[veerigadu]

1 minute ago, quickgun_murugun said:

Recovery ayyedi paisal spend cheyyatanni aapukoleni batch valla… its not recovery it’s patching … Assam train nobody can stop….

2020-2021 ki ela undalo aa situation ki osthadi market .. back to reality ! 

agreed bro. 

[veerigadu]

8 minutes ago, perugu_vada said:

Ye areas chustunav @Sonu_Patel uncle in austin area ? Nenu Redfin and Zillow lo chustuna.. not going to builders at this moment .. wait cheyochu inka for the rates to come down

watever be the thing, with so much high interest rates, it is advisable to go with less loan amount .. 

oka 35-40% cash kottiiii....Purchase price meedhaa berammm aadiiii....nacchinaaa illuu theesukovadammm is right strategy

[quickgun_murugun]

11 minutes ago, perugu_vada said:

Ye areas chustunav @Sonu_Patel uncle in austin area ? Nenu Redfin and Zillow lo chustuna.. not going to builders at this moment .. wait cheyochu inka for the rates to come down

watever be the thing, with so much high interest rates, it is advisable to go with less loan amount .. 

reality lo aa overhyped Austin market chala down ayindi … it will go back to the actual 2020-2021 prices. Wait n watch !  
also be ready to pay huge taxes if you already in that area !