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Omaha's housing market
- Thread starter Faux Sean Callahan
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Omaha's housing market
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Glad I locked in at 2.875% in November.
redzoner
Safety
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Looks like I might be waiting for a crash before buying my next house.
6%+ should hurt all the sales of these $600k+ homes in Lincoln.
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They eased back down some but not looking good. Feds already starting to see defaults. We will see a mini 2008 crash. When you let people that are on fumes borrow up to 50% debt to income using gross income which they don’t take anything close to home, you are gonna have a huge problem. Also, taxes haven’t even started to catch up on some of these dumb prices. Gonna be a circus.
Looking at a home today....
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Just think 5-10 years ago a 400-500 k house in Nebraska would have got you a kick ass place. Now it doesn’t get you much in reality.
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Bought mine in 2016. Not sure I could have timed it better and I thought prices were high then.
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Time in the market vs timing the market gbr
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I bought my house the same year. I don’t think I’ll ever move at this point. I can get a lot more for my than I paid, but I’ll pay that much more for a bigger house, so it’s a wash, plus I really like location and I’m on a cul-de-sac which is a blessing with young booger eaters. I also like living by old people which outside my family and one other the rest are retried are very close to retirement.
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This where I’m at too. Now I just need to hope to stumble on a nice rental so I can sell now. Then burn money on renting until the market crashes
redzoner
Safety
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I view it differently than timing the stock market.
I don't need a bigger house so I can do other things with that money and wait and be opportunistic. If I never move I'll have more money to retire earlier.
Worked out really well when I bought my current house in 2010 on the tail end of the 2008 crash.
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good thing we bought when we both did u silly sumbitch 😎🥳
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Renting doesn’t burn anymore money than taxes and a 30 year mortgage. People just don’t get it
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Preach to em Tone! Preach too em!
My tenant (only) pays me $1,500 a month for rent and I have to pay $835 a month for my loan/taxes/insurance.
My tenant is so lucky she doesn’t have to deal with my mortgage provider’s auto withdrawal every month. That’s why I’m here, to handle that burden for her. Without me she would obviously be a homeless.
Shit I’m barely even making a profit, smh.
#landlordshavefeelingstoo
#givememoretaxcredits
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It’s a tough job but someone’s got to do it bro
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W in T flying F would a landscaper/power lifter know about mortgages!?
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Tony— do you rent/lease or own your jacked up Dodge Dually 3500?
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lamo
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I can't decide if I'd be less inclined to take financial advice from Tone or advice of how to please a (living) woman
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