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

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 think rates are going 4%...overnight?

I am so thankful that we bought a second/ vacation home in 2021 in which we have planned to retire at 3%.

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.

Hilarious. Tell me you are (i) under 40 and (ii) don't know anything about economic fundamentals telling me you are under 40 and don't know anything about economic fundamentals.

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.

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.

Lol you are going to be very disappointed. Rates won't go below 5% for years now, and if they did it would be extremely destabilizing because everyone would dump their properties at once.

If they dip to 5-6% in the next year, I'd seize the day. You are not getting a 4% mortgage anytime soon, maybe decades.

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 wrote:

Anonymous wrote:

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

+1 In 2021 the market was supposedly "turning" after everyone had bought "at the top of the market" and would immediately be under water and regretting their purchases.

You should never try to time the market. Buy when you’re ready to buy.

But would you buy right now? We're looking but it sucks.

Anonymous wrote:

Anonymous wrote:

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

+1 In 2021 the market was supposedly "turning" after everyone had bought "at the top of the market" and would immediately be under water and regretting their purchases.

You should never try to time the market. Buy when you’re ready to buy.

I completely agree. We bought in 2021 at 2.75%. My sister was waiting out the market because it was so crazy. In 2022 I told her look, there is no end in sight to the madness. There is no supply coming to meet the massive demand. They did end up buying and got a decent ARM rate.

Anonymous wrote:

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

+1 In 2021 the market was supposedly "turning" after everyone had bought "at the top of the market" and would immediately be under water and regretting their purchases.

You should never try to time the market. Buy when you’re ready to buy.

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

+1 In 2021 the market was supposedly "turning" after everyone had bought "at the top of the market" and would immediately be under water and regretting their purchases.

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.

Anonymous wrote:Captain Obvious strikes again.

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

Captain Obvious strikes again.

Time to stay in your home and not leave