Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Real Estate
Reply to "Americans locked into lower mortgage rates have been increasingly unwilling to sell their homes."
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]Oh...they will sell. Regardless of "muh 2.5%!!!". Here's why. Texas: [img]https://i.ibb.co/Dfkymnk/Screenshot-2023-09-03-at-7-10-41-AM.png[/img] Property taxes went from ~$25K/yr to $120K/yr in less than 6 years. No, the house wasn't rebuilt or anything. The same story is playing out everywhere in the country, some places faster than others, like this one. Then there's home owners insurance in places like CA, CO and FL. These carrying costs have nothing to do with your "muh 2.5%!". They're being paid with real (not borrowed) dollars [i]today[/i], that could be earning 5% in a savings account. How long do you think folks like these will hang on to these properties, even if they can afford to do so? Not long. The housing market IS *ucked and will not normalize without pain. A lot of pain.[/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
