Stop/postpone buying

[*Prince Charming]

39 minutes ago, Manishican said:

Builder will keep on building even without a contract. Else he has to close their business.

Not always the case. Right now, once under contract builder is accelerating construction. I have seen builders who are putting people on wait list, pool up applicants then start calling based on first come basis, write contract and then continue building. Without contract building concept didn't see much recently 

[chicagoafdb]

5 hours ago, *Prince Charming said:

Not always the case. Right now, once under contract builder is accelerating construction. I have seen builders who are putting people on wait list, pool up applicants then start calling based on first come basis, write contract and then continue building. Without contract building concept didn't see much recently 

I have noticed same. They are going very conservative approach so that present demand and keep inflated prices as is..

 

 

[Manishican]

I think we need 7 to 8% fed interest rates to reduce demand.

[*Prince Charming]

7 minutes ago, Manishican said:

I think we need 7 to 8% fed interest rates to reduce demand.

Yeah, that could happen soon

[Manishican]

Evaru thaggatledhu.  No end to this shopping spree

[Manishican]

Ee interest rates ki kuda bidding wars aa ?? We might get 10%+ interest rates.

[Complex]

3 minutes ago, Manishican said:

Ee interest rates ki kuda bidding wars aa ?? We might get 10%+ interest rates.

i'm ready with cash antunna csrcsr

[nokia123]

On 2/27/2023 at 2:29 AM, *Prince Charming said:

Not always the case. Right now, once under contract builder is accelerating construction. I have seen builders who are putting people on wait list, pool up applicants then start calling based on first come basis, write contract and then continue building. Without contract building concept didn't see much recently 

Ekkada Idhi?

[pakeer_saab]

On 2/25/2023 at 4:39 PM, Bears said:

These Economic principles are outdated now, There is no way you can control the consumer spending until and unless the unemployment rate goes higher. As long as the job market and the Economy is good there is no stopping and no recession. People have lot of money and increasing Fed rates won’t have a direct impact on consumer spending, It takes years to have direct impact going by current trend. Just chill and enjoy if you can afford and spend!!

which means interest can go as high 15%

 

[*Prince Charming]

47 minutes ago, nokia123 said:

Ekkada Idhi?

Nenu Atlanta area lo chusaaaa

[Manishican]

Malli house prices up. Please stop buying 

[Variety_Pullayya]

Costco vadi recent news chusara.  they said prices are coming down and can expect store prices to go back to normal on many products. Ilantivi chusthe market aguthunda?

[Variety_Pullayya]

3 minutes ago, Variety_Pullayya said:

Costco vadi recent news chusara.  they said prices are coming down and can expect store prices to go back to normal on many products. Ilantivi chusthe market aguthunda?

https://finance.yahoo.com/news/inflation-costco-says-some-prices-are-starting-to-fall-125609647.html

[chicagoafdb]

So mana salaries reduce avuthaya as inflation cooling down.. 

Maa manager idi choopinchi hike chesina 10k reduce chesthadu emo..

[Undilaemanchikalam]

10 hours ago, Manishican said:

Malli house prices up. Please stop buying 

Evaru vinaru bro, here is my analysis, since I am in market too..

1. house prices soared by big percentage from 2019 to mid 2022. They started to reduce Q4 2022. A house worth of $400k (2019) is sold at $600k in early to mid 2022 + bidding. Now the same home is sold for $550k with no bidding. If they reduce it to $530k + appliances, people are starting bidding war. Example Charlotte, Fuquay varina, apex in NC.

2. There are lot of active buyers in the markets who are on the fence holding cash and watching the house prices trend from past 2-3 years. When ever they see a price reduction they are jumping in. This is a new change corona bought us. 

3. Many folks got GC last year, they completely stopped investing india and buying homes here.

4. Folks on H1 are holding cash and deciding where to invest, with rupee value depreciating, appreciation in Indian market does not seems to be adding a value.

5. With multiple jobs, people are holding lot off cash, folks minimized investing in stocks due to economy situation.

6. This trend of co-buyer investing is increasing where 2 friends are buying either single family or town home and renting. For investment home to get a decent interest rate we need 25% down, if it is a single buyer it makes difficult to invest for 2 buyers it makes lot easier.

7. 3-4 years back people use to buy homes atleast when they got GC EAD, ippudu H1 lottery lo pick ayindhi antae chalu paying earnest money to seller. Moreover number of students coming to masters is doubled.

So, how ever noise we make, people don’t stop buying Tesla cars and homes atleast in North Carolina, Texas, Atlanta area…