Anonymous wrote:

Anonymous wrote:This thread may not age well.

Thanks for chiming in, apartment dweller

Actual, I own a townhouse in a desirable inside-the-beltway location that I bought in 2010, and it's gone up about 60%, and my interest rate is 2.5%. Not going to sugar coat it, I would love to trade up, but if it doesn't happen for a while, so be it.

If I were an apartment dweller, though, I'd be pretty OK with that. Renting is the biggest bargain vs home prices than it has been at any point in history.

The people who should be most worried, and perhaps the PP is in this group, are those who bought at peak prices with a high interest rate, especially as it looks increasingly unlikely that rates are going to come down.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This thread may not age well.

Thanks for chiming in, apartment dweller

Go back to the whole you came out of you unemployed stay at home wife troll...

As for the topic, part of the country certainly is overvalued, but not the DMV area. Prices did not rise as much here as it did elsewhere (last I checked I think it was 30% from Jan 2020 to now ish per case Schiller, which, once you take into account 20% inflation in that same time period, is only a 10% increase in real terms, or around 3% average per year).

You’re seething.

Not really, no reason to be. But hey I am only 31 and even at my 7% rate can afford my 1.3m SFH so I think I am fine (not a fan of my 8k monthly payments though not gonna lie...)

So nah not seething. Thag being said, not a fan of dumb entitled trolls like you trying to dunk on those here living in apartments. Prolly have nothing better to do, how sad...

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This thread may not age well.

Thanks for chiming in, apartment dweller

Go back to the whole you came out of you unemployed stay at home wife troll...

As for the topic, part of the country certainly is overvalued, but not the DMV area. Prices did not rise as much here as it did elsewhere (last I checked I think it was 30% from Jan 2020 to now ish per case Schiller, which, once you take into account 20% inflation in that same time period, is only a 10% increase in real terms, or around 3% average per year).

You’re seething.

Anonymous wrote:This thread may not age well.

Thanks for chiming in, apartment dweller

Anonymous wrote:People who bought in 2021 and 2022 have been cashing in over the last six months in my neighborhood.

Yep. Easy payday.

Anonymous wrote:

Anonymous wrote:This thread may not age well.

People on this board have been calling this a bubble for ten years.

Translation: Seething renters and condo and townhome residents. lol

It's funny you share that twitter account because it's a primary offender of what you're talking about. I watched them spend months tweeting innuendos about how overvalued the housing market is, with comment sections full of people cheering on the "crash". Engagement farming is so annoying.

People who bought in 2021 and 2022 have been cashing in over the last six months in my neighborhood.

Anonymous wrote:This thread may not age well.

People on this board have been calling this a bubble for ten years.

This thread may not age well.

We bought in Spring of 2022, but it's too early to declare victory.

Better act fast! Glad we bought last year after dithering during the worst years of the pandemic.

We’re seeing it right here in the DMV. I looked at the sold listings on Redfin for our target area over the past year. All at least $75-100k less than current prices.

Anyone who waited on the sideline made a disastrous decision. Home values are up from year-ago levels in 47 of the 50 largest metro areas, per Zillow.

Annual price gains are highest in Hartford (12.2%), San Diego (9.6%), Providence (8.3%), Boston (8%), and Los Angeles (7.4%).