New homeowners living in denial

[Thokkalee]

14 minutes ago, CuteDesiGal said:

Dont think so baa, 2020 lo 500-550k unna house 2021 mid lo almost 650-670k ayyindi but 2021 mid to now almost 150k perigai within 6months.

I think what he is saying is that prices won’t fall below that 650K level in your example… if it does, housing market will collapse and trigger recession.. 

[kathiramdasu]

This weekend I saw a house in construction of one of my relative in Austin 2400 sqft 570K+. The house are such low quality build

1. They are not even using front and back moisture sheath.

2. No bricks only hardy planks

3. A very small back yard

 

American greed has reached its peaks in Austin.

 

[Simple123]

2 minutes ago, kathiramdasu said:

This weekend I saw a house in construction of one of my relative in Austin 2400 sqft 570K+. The house are such low quality build

1. They are not even using front and back moisture sheath.

2. No bricks only hardy planks

3. A very small back yard

 

American greed has reached its peaks in Austin.

 

totally agree.  Austin prices are not sustainable 

[AnandaVivek]

7 minutes ago, Simple123 said:

totally agree.  Austin prices are not sustainable 

They are sustainable…as long as desis move into from California..thats not stopping 

[SRH]

Dallas TX lo 3000$ monthly payments ok na baa

[Mr Mirchi]

6 hours ago, CuteDesiGal said:

Avunanna kaadanna 2019, 2020 lo konnavallu adrushtavanthulu. 2021 to now evaru konna baga ekkuva petti konnate. Atleast adhi Mee primary residence ayithe dont worry instead of paying rents nee intiki kaduthunav. Rents baga perigai. Investment property ayithe break even ki baga time pattachu

Rent ki kattedhi intiki kaduthunnaav …. E slogan vini vini chevullo rakatham coming

how… pls tell once:)

[jaathiratnalu]

17 minutes ago, Mr Mirchi said:

Rent ki kattedhi intiki kaduthunnaav …. E slogan vini vini chevullo rakatham coming

how… pls tell once:)

Rent ki kadite neeku migiledi sunna

House aite atleast you will build some equity (in  5 yrs) and will enjoy the bigger space .. atleast your family will be happy 

[pakeer_saab]

6 hours ago, veerigadu said:

They assumed appreciation will be stay until eternity during that purchase.

If that does not continue to happen, which is the case now.

It will hit ankuls in nut sac . 

home prices inflation was highest during 1981 high inflation environment

Housing price inflation, 1967→2022 (in2013dollars.com)

difference is unemployment was 7.4% back then and it near lowest level, so there is no historical precendent to what is happening right now, so as long as job market is good and stocks are getting screwed up, people will invest in basic needs such as Homes

 

[perugu_vada]

1 hour ago, kathiramdasu said:

This weekend I saw a house in construction of one of my relative in Austin 2400 sqft 570K+. The house are such low quality build

1. They are not even using front and back moisture sheath.

2. No bricks only hardy planks

3. A very small back yard

 

American greed has reached its peaks in Austin.

 

austin lo real estate is hopeless man .. there is no proper infrastructure to connect the dots .. FOMO valla kontunnaru illu .. but for Austin area those rates are overpriced by a minimum of 30% .. also Austin in and around property taxes kuda very high . like 2.7% or so .. own house ki rent kattinatlu ah property tax kattedi

[Guest]

1 hour ago, Mr Mirchi said:

Rent ki kattedhi intiki kaduthunnaav …. E slogan vini vini chevullo rakatham coming

how… pls tell once:)

Cheppanu 

[SwamyRaRa]

1 hour ago, Guest said:

Cheppanu 

Brother 

[mettastar]

2 hours ago, perugu_vada said:

austin lo real estate is hopeless man .. there is no proper infrastructure to connect the dots .. FOMO valla kontunnaru illu .. but for Austin area those rates are overpriced by a minimum of 30% .. also Austin in and around property taxes kuda very high . like 2.7% or so .. own house ki rent kattinatlu ah property tax kattedi

Katy area lo 3.7% kuda undi

[pandu123b]

minimum 100 k over bid veyande kick your undadu dude..

we want that Athi..

antunna youth.

[k2s]

29 minutes ago, mettastar said:

Katy area lo 3.7% kuda undi

 paycheck lo SSN tax laaga Katy, TX tax aa 

[Mr Mirchi]

3 hours ago, jaathiratnalu said:

Rent ki kadite neeku migiledi sunna

House aite atleast you will build some equity (in  5 yrs) and will enjoy the bigger space .. atleast your family will be happy 

Nuvvu sagam correct ga cheppaav…..Aaa mukka aa manishi cheppaaalaa

it all depends on house price… cheap lo house price anuko… appudu rent lo kotha amount property tax and then the rest would go as  interest payment…

adhe 1million atound anuko.. rent amount property tax mingesthadhi… interest kattukovaali extra 

inka family big dpace lo enjoymwnt antaavaa … i agree on this

so rent ki kattedhi intiki ani chala mandhi lekkalu veyakunda house thisukoni ammo annaaru before covid…..

e sollu logics kaakunda….. proper lekkalu vesukoni house thisukunte better evaryna