Wells Fargo: Brace for 8% mortgage rates to drag the US housing market into a 1980s-style recession

[kevinUsa]

19 hours ago, perugu_vada said:

new houses ekkuva release cheyatledu telivi ga .. just handful like 2-3 releasing anthe .. vati medha incentives istunaru .. quick move-in meedha baga thagguthaay .. as long as facing vaasthu ain chuuskokapothe

inka old houses aithe ... mataash .. baaga paddaay prices 

I already told that supply crunch chesi. Prices penchutaru ani when they can control supply saying of supply chain issues 

Prices of houses will always be high

Jai balayya

[kevinUsa]

Most people think that prices will fall so badly so that I will but a house like 30-50% 

But it will not 

Consider if @perugu_vada purchased 2mn house at 8% 

Why will.he sell at 1mn 

He always wants a profit of 25-35%

So max 10% tqggutayi.. 

As there will be always a supply crunch of new houses 

 

[perugu_vada]

3 minutes ago, kevinUsa said:

Most people think that prices will fall so badly so that I will but a house like 30-50% 

But it will not 

Consider if @perugu_vada purchased 2mn house at 8% 

Why will.he sell at 1mn 

He always wants a profit of 25-35%

So max 10% tqggutayi.. 

As there will be always a supply crunch of new houses 

 

DB lo chaala mandi thinks real-estate in US is influenced by Indians and Chinese .. which is so very false .. when the affordibility becomes an issue, which is now the case for most of those who are not into IT, payments kattaleka foreclosure chestaru .. just go to any regular store .. or some small business .. talk to the workers .. almost 90% of them will say it has become so expensive to live now .. all prices have gone up considerably .. forget about owning a home 

[summer27]

21 minutes ago, perugu_vada said:

DB lo chaala mandi thinks real-estate in US is influenced by Indians and Chinese .. which is so very false .. when the affordibility becomes an issue, which is now the case for most of those who are not into IT, payments kattaleka foreclosure chestaru .. just go to any regular store .. or some small business .. talk to the workers .. almost 90% of them will say it has become so expensive to live now .. all prices have gone up considerably .. forget about owning a home 

alaanti houses, neighborhoods lo school ratings undavu, house quality undavu ..manchi neighborhood and manchi quality houses lo unnollu, dabbulu unollu, vallu eppudu ammaru..

[perugu_vada]

Just now, summer27 said:

alaanti houses, neighborhoods lo school ratings undavu, house quality undavu ..manchi neighborhood and manchi quality houses lo unnollu, dabbulu unollu, vallu eppudu ammaru..

very true .. but overall real-estate ni theeskunte .. how the market does at avg and below-avg also matters the most

[Paamu]

1 hour ago, perugu_vada said:

DB lo chaala mandi thinks real-estate in US is influenced by Indians and Chinese .. which is so very false .. when the affordibility becomes an issue, which is now the case for most of those who are not into IT, payments kattaleka foreclosure chestaru .. just go to any regular store .. or some small business .. talk to the workers .. almost 90% of them will say it has become so expensive to live now .. all prices have gone up considerably .. forget about owning a home 

E line db open cheyyagaane oka banner type lo veyyu @Sucker 

Inflation is too much ...... hourly rate increased - at the same time health insurance increase ay compensate ayyindi..... rest of the stuff like groceries cheppalsina pani ledu. 

If prices are this high there wont be enough people to afford - appudu taggali kada prices.

Note :: I am talking about the houses left after H1/H4 buying 4-5 houses. 

[Manishican]

people refinanced their homes to very low interest rates which they will be paying until the end of their mortgage. Increasing interest rates to even 10% won't affect them. Unless job market crashes nothing will change.  

[Ravi860]

1 hour ago, perugu_vada said:

DB lo chaala mandi thinks real-estate in US is influenced by Indians and Chinese .. which is so very false .. when the affordibility becomes an issue, which is now the case for most of those who are not into IT, payments kattaleka foreclosure chestaru .. just go to any regular store .. or some small business .. talk to the workers .. almost 90% of them will say it has become so expensive to live now .. all prices have gone up considerably .. forget about owning a home 

Uncle I was looking at some house sold history in Austin suburbs.. 2019 one house sold for $450k got sold to another in 2022 for 880k and now they are trying to sell it for 650k. Vammo ila chala unnaye.. people who sold at top must have felt they won lottery or something. Overall picture chusthe penny stock market la ayindi real estate industry. You might have seen the full picture since you are here for many years.

[kittaya]

22 hours ago, perugu_vada said:

issue is inflation .. entha job market bagunna kuda .. single job tho ppl are not able to meet the expenses .. forget about buying and owning house .. mana IT ni pakkana pedithe .. verey jobs chesey vaalla common complaint is that .. 

Agreed ... 

Single job is impossible 

[perugu_vada]

1 hour ago, Ravi860 said:

Uncle I was looking at some house sold history in Austin suburbs.. 2019 one house sold for $450k got sold to another in 2022 for 880k and now they are trying to sell it for 650k. Vammo ila chala unnaye.. people who sold at top must have felt they won lottery or something. Overall picture chusthe penny stock market la ayindi real estate industry. You might have seen the full picture since you are here for many years.

Pre-pandemic rates ki aithe ravu .. that is not possible .. like I always been saying, incase ah rates ki kani ochay ante real estate okkate entire economy gone to dogs ani ardham 

 

[perugu_vada]

14 minutes ago, kittaya said:

Agreed ... 

Single job is impossible 

Not talking about single job .. couple working aina kuda .. this inflation is killing common man .. who has a family to take care of 

[kittaya]

33 minutes ago, perugu_vada said:

Not talking about single job .. couple working aina kuda .. this inflation is killing common man .. who has a family to take care of 

Ok .. I see few ppl...