Seller counters above list price?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Next month it will cost 10% you snooze you lose

And by end of 2015 it will be worth 50% less when Yellen raises rates (as slipped out in her first press conference. )

You seem to think housing prices are affected by interest rates. They're not.

WTF the Fed has been doing with lowering rates and QE, other than supporting housing and banking? Oh right, only falling interests rates boost housing prices, never the inverse. Thanks for the armchair economics lesson.

Prices didn't rise because of falling interest rates, pp. If you want an armchair economics lesson, review the concept of "supply and demand."

And demand has been stoked by artificially lowered interest rates. Thanks for playing!

Um, no. Demand has been stoked by migration to this area and a lack of housing supply. Rents are increasing too. People have to live somewhere.

Lovely parting gifts for you at the door at all that. You've been schooled.

Seriously PP? Let me guess, you have an ARM mortgage and will have no problem making payments at 15%?

No arms go up to 15% there is a cap of a percent each year and a max rate of about 7 above initial. Go blow yourself cause that is the only person you can convince of your idiocy.

You are talking to multiple people BTW. But considering you aggression, I do expect you are foolishly overextended and deep down you know it. If prices don't keep rising, I guess you are looking at insolvency? We have no horse in this game, we own and can afford under almost all reasonable scenarios (layoffs, govt shutdown). Which is not how most people are operating and why this house of cards will fall.

It has nothing to do with migration. These prices hikes are happening across the nation and is a direct result of the Feds meddling. With the wars winding down, defense cuts, reduced BigLaw growth, why would people move here? This places only real attraction is stable jobs and free museums. And the stable jobs are waning.

Schooled? Who the freak uses this? Shouldn't you be in the Fifty and Over Forum?

You must be a charming unhappy individual.

[Anonymous]

New to this silliness. But it is demand and supply. Not interest rates

[Anonymous]

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Next month it will cost 10% you snooze you lose[/quote]

And by end of 2015 it will be worth 50% less when Yellen raises rates (as slipped out in her first press conference. )[/quote]

You seem to think housing prices are affected by interest rates. They're not.[/quote]

WTF the Fed has been doing with lowering rates and QE, other than supporting housing and banking? Oh right, only falling interests rates boost housing prices, never the inverse. Thanks for the armchair economics lesson.[/quote]

Prices didn't rise because of falling interest rates, pp. If you want an armchair economics lesson, review the concept of "supply and demand."[/quote]

And demand has been stoked by artificially lowered interest rates. Thanks for playing![/quote]

Um, no. Demand has been stoked by migration to this area and a lack of housing supply. Rents are increasing too. People have to live somewhere.

Lovely parting gifts for you at the door at all that. You've been schooled.[/quote]

Seriously PP? Let me guess, you have an ARM mortgage and will have no problem making payments at 15%?[/quote]

No arms go up to 15% there is a cap of a percent each year and a max rate of about 7 above initial. Go blow yourself cause that is the only person you can convince of your idiocy.[/quote]

You are talking to multiple people BTW. But considering you aggression, I do expect you are foolishly overextended and deep down you know it. If prices don't keep rising, I guess you are looking at insolvency? We have no horse in this game, we own and can afford under almost all reasonable scenarios (layoffs, govt shutdown). Which is not how most people are operating and why this house of cards will fall.

It has nothing to do with migration. These prices hikes are happening across the nation and is a direct result of the Feds meddling. With the wars winding down, defense cuts, reduced BigLaw growth, why would people move here? This places only real attraction is stable jobs and free museums. And the stable jobs are waning.

Schooled? Who the freak uses this? Shouldn't you be in the Fifty and Over Forum? [/quote]

You must be a charming unhappy individual. [/quote]

To the careful observer, you will notice you started the personal attacks with classic 90s 'schooling' and idiocy.

I am happy to have a reasonable debate about the merits of DC housing market and if an uncompetitive escalation situation is warrentes in this market. Let me know.

[Anonymous]

Anonymous wrote:New to this silliness. But it is demand and supply. Not interest rates

Would it be possible to elaborate a bit lore as to the forces shaping demand and supply? I suggest that stimulation from the Fed has stoked demand beyond its natural bounds, and when Fed withdraws stimulus demand will fall. Anecdotally that translates into folks being able to afford less house for same payment with higher rates, and current real estate and rental hedge funds moving to more liquid and conventionally safe investments once interests rate rise. This demand falls precipitously based on actions of the Fed. We already have tight supply, and the reason for that I would love to hear, so with a drop in demand market would cool or even fall (unprecedented market intervention, unexpected results)

The Fed is fighting a depression, that's why we have stimulus 6 years after the financial crisis! It is hard to know what will be the collateral damage, but as a home buyer play it very conservatively b/c you don't want to
Be left holding the bag.

[Anonymous]

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Next month it will cost 10% you snooze you lose[/quote]

And by end of 2015 it will be worth 50% less when Yellen raises rates (as slipped out in her first press conference. )[/quote]

You seem to think housing prices are affected by interest rates. They're not.[/quote]

WTF the Fed has been doing with lowering rates and QE, other than supporting housing and banking? Oh right, only falling interests rates boost housing prices, never the inverse. Thanks for the armchair economics lesson.[/quote]

Prices didn't rise because of falling interest rates, pp. If you want an armchair economics lesson, review the concept of "supply and demand."[/quote]

And demand has been stoked by artificially lowered interest rates. Thanks for playing![/quote]

Um, no. Demand has been stoked by migration to this area and a lack of housing supply. Rents are increasing too. People have to live somewhere.

Lovely parting gifts for you at the door at all that. You've been schooled.[/quote]

Seriously PP? Let me guess, you have an ARM mortgage and will have no problem making payments at 15%?[/quote]

No arms go up to 15% there is a cap of a percent each year and a max rate of about 7 above initial. Go blow yourself cause that is the only person you can convince of your idiocy.[/quote]

You are talking to multiple people BTW. But considering you aggression, I do expect you are foolishly overextended and deep down you know it. If prices don't keep rising, I guess you are looking at insolvency? We have no horse in this game, we own and can afford under almost all reasonable scenarios (layoffs, govt shutdown). Which is not how most people are operating and why this house of cards will fall.

It has nothing to do with migration. These prices hikes are happening across the nation and is a direct result of the Feds meddling. With the wars winding down, defense cuts, reduced BigLaw growth, why would people move here? This places only real attraction is stable jobs and free museums. And the stable jobs are waning.

Schooled? Who the freak uses this? Shouldn't you be in the Fifty and Over Forum? [/quote]

You must be a charming unhappy individual. [/quote]

To the careful observer, you will notice you started the personal attacks with classic 90s 'schooling' and idiocy.

I am happy to have a reasonable debate about the merits of DC housing market and if an uncompetitive escalation situation is warrentes in this market. Let me know. [/quote]

That wasn't me , I am another sane person calling out your stupidity and bull shit economics.

[Anonymous]

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Next month it will cost 10% you snooze you lose[/quote]

And by end of 2015 it will be worth 50% less when Yellen raises rates (as slipped out in her first press conference. )[/quote]

You seem to think housing prices are affected by interest rates. They're not.[/quote]

WTF the Fed has been doing with lowering rates and QE, other than supporting housing and banking? Oh right, only falling interests rates boost housing prices, never the inverse. Thanks for the armchair economics lesson.[/quote]

Prices didn't rise because of falling interest rates, pp. If you want an armchair economics lesson, review the concept of "supply and demand."[/quote]

And demand has been stoked by artificially lowered interest rates. Thanks for playing![/quote]

Um, no. Demand has been stoked by migration to this area and a lack of housing supply. Rents are increasing too. People have to live somewhere.

Lovely parting gifts for you at the door at all that. You've been schooled.[/quote]

Seriously PP? Let me guess, you have an ARM mortgage and will have no problem making payments at 15%?[/quote]

No arms go up to 15% there is a cap of a percent each year and a max rate of about 7 above initial. Go blow yourself cause that is the only person you can convince of your idiocy.[/quote]

You are talking to multiple people BTW. But considering you aggression, I do expect you are foolishly overextended and deep down you know it. If prices don't keep rising, I guess you are looking at insolvency? We have no horse in this game, we own and can afford under almost all reasonable scenarios (layoffs, govt shutdown). Which is not how most people are operating and why this house of cards will fall.

It has nothing to do with migration. These prices hikes are happening across the nation and is a direct result of the Feds meddling. With the wars winding down, defense cuts, reduced BigLaw growth, why would people move here? This places only real attraction is stable jobs and free museums. And the stable jobs are waning.

Schooled? Who the freak uses this? Shouldn't you be in the Fifty and Over Forum? [/quote]

You must be a charming unhappy individual. [/quote]

To the careful observer, you will notice you started the personal attacks with classic 90s 'schooling' and idiocy.

I am happy to have a reasonable debate about the merits of DC housing market and if an uncompetitive escalation situation is warrentes in this market. Let me know. [/quote]

That wasn't me , I am another sane person calling out your stupidity and bull shit economics.[/quote]

There are multiple posters on both side of his thread. It's clear which side can remain civil and not base their analysis on emotions. Our side saw the bubble when it first came around, and this one is different but still a mess. If want to actually say something with more depth than your junior high school economics textbook, we will be happy to discuss. Maybe take a deep breath?