Reply to Feels like market is hitting a wall

Forum Index » Real Estate

Reply to "Feels like market is hitting a wall"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]There's no inventory. People with 2-4 percent rates are not gonna sell and take on an 8 percent rate mortgage unless they absolutely have to, and the rates are scaring away potential first-time buyers (unless they are rich enough to pay cash). The market is essentially frozen.[/quote]

Buyers can always refinance later....[/quote]

But no one knows when later will be and *for me* the idea of moving and losing a ton of disposable income for ~10 years until rates go down and we can refinance isn’t prudent, especially with young kids. In an ideal world we would move to a bigger home in NW but there is no way we could justify losing our current interest rate for 600-1000 more sqft. Our house works for us - it’s smaller than what we want - but the space more or less fits our needs and paying a premium for more space seems stupid/wasteful. [/quote]

You already HAVE a house, what about those trying to buy their first house they have saved up for. It's really sad for those people.[/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