With interest rates and prices high, Americans are postponing their home searches by years, not months...

[Anonymous]

This is pointless none of this is new information.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Captain Obvious strikes again.

Really? We were told in 2020 just wait...there's a deluge of properties coming to market

People around me thought we were crazy to buy in 2020. We did and sold in 2022 for $250k more than what we bought the home for in just two years. We didn’t care for the suburbs and moved back into our property in the city and made updates with the profit made. Best decision ever.

[Anonymous]

Anonymous wrote:
If you need a house you should buy a house. But it needs to be a house you can stay in forever if you had to. If you can’t afford that don’t buy anything lesser.

+1 It's crazy that people used to buy homes expecting to stay in them 2-3 years, but they could actually sell at a profit. That kind of rapid profit is over for now and transaction costs are too high.

[Anonymous]

Anonymous wrote:Rates should be under 5 , government needs to step in and do that

This would be laughable if it weren’t so sadly naive and entitled. I literally never heard anyone express this notion for the forty years or so when rates barely ever dropped that low. Interest rates only react to inflation, deflation, recession, inflating bubbles, and bursting bubbles. Absent any concerns in those areas, they are considered to be at equilibrium.

[Anonymous]

Rates are not coming down anytime soon. Inflation has come down but it’s still not even near target inflation. It will be a few years. However, I do understand that people postpone RE purchases - I mean it’s just not affordable to buy anything decent. So what else will people do?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Rates should be under 5 , government needs to step in and do that

This would be laughable if it weren’t so sadly naive and entitled. I literally never heard anyone express this notion for the forty years or so when rates barely ever dropped that low. Interest rates only react to inflation, deflation, recession, inflating bubbles, and bursting bubbles. Absent any concerns in those areas, they are considered to be at equilibrium.

Rates are not coming down for at least a few years. RE prices will adjust over time … or not. No one knows at this point. People who can’t afford what they like now will either adjust their expectations or continue to postpone buying.

[Anonymous]

Anonymous wrote:We bought in 2021 at 3.8% interest rate and we will never leave the house. I feel badly for people trying to buy now.

We bought in 1996 at over 8% and still live here. People shouldn’t move very often once they have purchased a house.

[Anonymous]

Anonymous wrote:rates will be coming down soon, i don't think we will get to a reasonable 2-3% but a 4-5% could help move the market. Anything over 5% is completely unreasonable and the fed must be fired for doing that.

[Anonymous]

Anonymous wrote:rates will be coming down soon, i don't think we will get to a reasonable 2-3% but a 4-5% could help move the market. Anything over 5% is completely unreasonable and the fed must be fired for doing that.

You must not understand that 5% is historically low.

2-3 % isn’t “reasonable.” It is an anomaly.

Higher rates are also better for savers, ie people in retirement. CD ladders are even returning

[Anonymous]

Anonymous wrote:

Anonymous wrote:Rates should be under 5 , government needs to step in and do that

This would be laughable if it weren’t so sadly naive and entitled. I literally never heard anyone express this notion for the forty years or so when rates barely ever dropped that low. Interest rates only react to inflation, deflation, recession, inflating bubbles, and bursting bubbles. Absent any concerns in those areas, they are considered to be at equilibrium.

Another self entitled boomer

[Anonymous]

Anonymous wrote:

Anonymous wrote:rates will be coming down soon, i don't think we will get to a reasonable 2-3% but a 4-5% could help move the market. Anything over 5% is completely unreasonable and the fed must be fired for doing that.

You must not understand that 5% is historically low.

2-3 % isn’t “reasonable.” It is an anomaly.

Higher rates are also better for savers, ie people in retirement. CD ladders are even returning [/quote
Another way the boomer protect the wealth they have stolen from their children

[Anonymous]

Anonymous wrote:

Anonymous wrote:rates will be coming down soon, i don't think we will get to a reasonable 2-3% but a 4-5% could help move the market. Anything over 5% is completely unreasonable and the fed must be fired for doing that.

You must not understand that 5% is historically low.

2-3 % isn’t “reasonable.” It is an anomaly.

Higher rates are also better for savers, ie people in retirement. CD ladders are even returning

Another way boomers protect the wealth they have stolen from their children, oh yah make sure we pay your social security , gtfo

[Anonymous]

Sounds familiar. We waited until our early 30s to buy back in 2000. Most of us experienced recession early in our jobs (flat salaries for about 5 of the first years of work with no student loan relief), so it took longer to save up a downpayment if you didn't have other resources from family and what not.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:rates will be coming down soon, i don't think we will get to a reasonable 2-3% but a 4-5% could help move the market. Anything over 5% is completely unreasonable and the fed must be fired for doing that.

You must not understand that 5% is historically low.

2-3 % isn’t “reasonable.” It is an anomaly.

Higher rates are also better for savers, ie people in retirement. CD ladders are even returning

Another way boomers protect the wealth they have stolen from their children, oh yah make sure we pay your social security , gtfo

When interest rates are too low people try to chase returns in other ways. This leads to inflated values in real estate and instability in the stock market. Stable 5% returns on savings is a good thing.

Also, all that boomer money is going to go somewhere. Who do you think are most likely to benefit?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:rates will be coming down soon, i don't think we will get to a reasonable 2-3% but a 4-5% could help move the market. Anything over 5% is completely unreasonable and the fed must be fired for doing that.

You must not understand that 5% is historically low.

2-3 % isn’t “reasonable.” It is an anomaly.

Higher rates are also better for savers, ie people in retirement. CD ladders are even returning

Another way boomers protect the wealth they have stolen from their children, oh yah make sure we pay your social security , gtfo

When interest rates are too low people try to chase returns in other ways. This leads to inflated values in real estate and instability in the stock market. Stable 5% returns on savings is a good thing.

Also, all that boomer money is going to go somewhere. Who do you think are most likely to benefit?

A mix of Billionaire owners of the a corporations they buy consumptist consumerist garbage from, and their trust fund kids to continue the cycle.