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I started moving some of the cash in.Gotta be getting close to time to Buy
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I started moving some of the cash in.Gotta be getting close to time to Buy
Something to keep your eyes on
As somebody who has a wife who wants to moveI mean, I would certainly expect that given the rate environment over the past two years. Existing home inventory is nearing a 14 year low too, so that seems like fun for people trying to buy homes, lol.
As someone currently looking for a home...it blows.I mean, I would certainly expect that given the rate environment over the past two years. Existing home inventory is nearing a 14 year low too, so that seems like fun for people trying to buy homes, lol.
I've been diverting my lady's attention through home renovations for the past year and a half. We bought a rental that her brother lives in back in 2020 and she keeps looking at the how much the home price has gone up...I know she's starting to get some crazy ideas...As somebody who has a wife who wants to move
As someone currently looking for a home...it blows.
We're ready to buy, just haven't found anything in the remote area that fits what we need, or isn't grossly overpriced, or a major fixer upper...which I'm fine doing a lot of the work, I just don't have the time to make major renovations. Plus we've got some slum lords in the area that are flipping some of these quick and putting lipstick on a pig. Fuck those guys.Ditto. Thought rates wouldn't rise until 2023 like they were originally saying, so I thought I had more time to save...
Went to see about building... They told us they were 13 months out and 100k+ more than what we were told a year and change ago.@RedSavage Housing construction never really went back to normal levels after late 00s crash. Now we've got a generation that's finally in a financial position where buying a house is feasible (about a decade late), but construction of new housing units is so far behind that there's probably no real chance of it catching up. Welcome to the new normal.
Even after rates go up it will take a bit for inventory to catch up.I'm not sure that as long as there's such a large housing shortage, there will be any kind of correction anytime soon.
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