/biz/ - Business & Finance

>>56409318
>despite this, house prices aren't even going down

>>56409330
Whats the trading volume for property look like?

Id assume if prices aren't going down with these kinds of interests rates that people are sitting on their property trying to survive through the interest rates until they start going down again.... and that the sales that are happening are mostly people who are selling their paid off home and buying another house in cash from the sale of their home.

>>56409318
I just bought with a 7.5 rate. Guess what, I was fucked if I did it, or fucked if I didn't. So fuck me I guess

>>56409318
oh my god.... slightly below historical average interest?

we live in a society

>>56409414
At 3x the historical average cost, yes.

>>56409330
>lower high forming
Yep it’s over for homers

>>56409356
>Id assume if prices aren't going down with these kinds of interests rates that people are sitting on their property trying to survive through the interest rates until they start going down again.... and that the sales that are happening are mostly people who are selling their paid off home and buying another house in cash from the sale of their home.
this is exactly what is happening. people are deluded and thinking this isn't the new normal still, it might be years for the reality to settle in. the fed ain't fucking around.

the worst are people who are buying at high prices and taking rates they can't really afford hoping that they can refinance in a couple years.

>>56409318
hee hee

>>56409421
>constant higher lows since 2018
>he thinks it's over
If you ever want to own a home buy now because we're about to blast off

>>56409434
>taking rates they can't really afford

Renter doesn't understand how the mortgage application process works.

>>56409356
>trying to survive through the interest rates

Renter doesn't understand how fixed rate mortgages work.

Only retards rent.

>>56409577
I am a home owner, I live in Australia, we dont have life-time fixed rates, most people here get 3 year fixed rates.

>>56409588
>3 year fixed rates

>>56409588

Checked. You get the söyciety you deserve.

>>56409577
post your deed

>>56409715
A deed is a symbol of someone who turned down sub-3% interest for 30 years.

I live in HCOL and owning is a meme
for my $2600 rent I can own approximately zero apartments or houses, not even a shed
get closest apartment to workplace and FIRE

>>56409318
>mfw bought at 2%

>>56409330
>>56409356
>>56409367
>>56409414
>>56409421
>>56409434
>>56409475
>>56409577
Hi realtors. Sorry, not buying your shitty flip.

Is it really over for America this time?

>>56409418
>what is inflation