Reply to I think the bubble is popping.

Forum Index » Real Estate

Reply to "I think the bubble is popping."

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The home is OVERPRICED and AFFORDABLE at same time.

Right now for average first time buyer given economy and super low mortgage rates homes are Most affordable since 1984.

But someone like me looking to sell and pay cash as near retirement I think it is widely overpriced.

If borrowing a primary the super low rates are great!!!

If like me looking to buy a place in Florida or beach area to retire second home prices are sky high! I am not borrowing so I just get High price. I used to have arbitrage of sorts sell my desirable close in to city home top dollar and buy a cheap place to retire. Plus the low mortgages are not much help old people. My fathers in-laws just retired to Florida at 78. House became too much. A low low mortgage won’t have any where near the payback of a 38 year old.

Bottom line the 5 percent down starter home crowd may be overpaying by month to month lowest cost since 1984.[/quote]
You have absolutely zero idea about what you're talking about.[/quote]

Starter/retirement and vacation homes way up in price. My home not that much. I say that as my vacation beach condo worth 1/3 the cost in 2019 went up more in value than my primary. It is garden apt style so popular as more like a house than apt

[/quote]
Like I was saying....no freakin clue...[/quote]

Smoking during pregnancy does effect some children. Homes are most affordable since 1984 for folks taking out large mortgages. However, since at all time highs price wise overpriced for cash buyers.

So starter home buyers with big mortgage great. Someone buying retirement home cash bad.

I recommend prenatal vitamins and no smoking and drinking when you have children [/quote]

NP but you're not making sense to me either.

If someone has $1000 per month to spend on a home, then a house selling for $200,000 at 5% has the same $1000 payment as a house that sells for $250,000 at 3%. Now imagine those are both [i]the same house[/i]. That's the current situation and it's pretty much a wash for buyers.

Of course, the rates are as low in places with lower price appreciation, so there's a better case there for increasing affordability. But not universally, and darn tootin' not in DC.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics