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/biz/ - Business & Finance

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56204704 No.56204704 [Reply] [Original]

>Mortgage rates approaching 8%
>House prices still going up 5+% a year
You didn't miss the boat, right?

>> No.56204722

Home prices near me are, generally, dropping or stagnating. Sucks because I need to sell and rebuy soon for reasons outside of my control.

>> No.56204731

the real estate maxis gonna find out what inventory costs and asset depreciation truly mean

>> No.56204868
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56204868

>>56204704
>low effort OP
> low effort reply
Nigger

>> No.56204978

>>56204704
>You didn't miss the boat
More like the Titanic lmao.

>> No.56205000

>>56204704
I bought my first house in 2018 at 2.8%, literally months after getting my first job. I’m not even shitting you. I went from a decade of being a NEET to having a normal office job, then getting a house. I’d share the rest of what happened, but no one would believe me.

Anyway, the value of my house has gone up an insane amount and life is fucking insane.

>> No.56205023
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56205023

>>56204704
I have my eye on a place but the mortgage will be $5000 canuck bucks per month.
Should I bite the bullet?

>> No.56205043
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56205043

>>56204704
I will rent a villa in Bali for $300 a month before I leverage 30 years of my life into some suburban shitbox.

>> No.56205478
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56205478

>>56205000
>2018 at 2.8%
>no one would believe me

Correct.

30 year rates were 4.5% in 2018.

15 year rates were 4.0%

>> No.56205510

>>56204722
Same. It’s not coming down by much and decent houses still going above listing price because inventory is still low as fuck. One great thing about real estate is you get time to exit at the top

>> No.56205520
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56205520

If I was religious, I would get down on my knees and thank God for leading me to buy a house in 2021 at rock-bottom interest rate. My only regret is not buying one or two more houses when I had enough down payment cash.