|
Inmate Central Inmate Central, where civil and family-friendly discourse about off-audio topics (other than religion and politics) is welcome. |
|
|
|
Inmate Central Inmate Central, where civil and family-friendly discourse about off-audio topics (other than religion and politics) is welcome. |
|
In Reply to: Housing market insanity... posted by dark_dave56 on June 17, 2021 at 03:44:21:
Our house value according to Redfin and Zillow keeps going up as well. We are getting cold calls and business cards left in our mailbox from realtors looking to buy or representing clients (probably shark investors).
Not sure if we are in a housing bubble because the house prices inflating are being driven by several factors; low interest rates, lack of housing, wood prices high (part lack of production, and speculators again). Wood prices have dropped slightly and may begin a downward price trajectory, albeit a slow one. Also, there is variability in markets depending on where you live in the country.
Compared to the bubble in 2008, there was lots of housing available, it was mostly the prime lending and mortgage refinancing laws which led to people not realizing that there refi or balloon mortgage was about to reset. Everyone was doing home additions, buying cars, RV's boats, with refi's, but not worried about the consequences of how danger close one is to financial collapse if you cannot sustain a mortgage, and the refi payment for ones toys.
BTW, our bank keeps sending us cash-out offers due to our equity value....don't do it. I plan on buying all of my toys with my own cold hard cash. There are times and a place to use "Other peoples money" for strategic purchases and investments.
This post is made possible by the generous support of people like you and our sponsors:
Follow Ups
- RE: Housing market insanity... - Audioquest4life 06:32:41 06/17/21 (1)
- RE: Housing market insanity... - jdaniel@jps.net 15:31:21 06/17/21 (0)
Top of Page ]
[ Contact Us ]
[ Support/Wish List ]
[ Copyright © 2024, Audio Asylum, all rights reserved ]
