Housing market updates from Atlanta

[cinemapiccha]

13 minutes ago, Sonu_Patel said:

Daily Inventory levels going up crazily .. There is drop in the interest rates..

Expect more homes to hit market in the coming 2 months..

This fall is house prices fall festival. huge price drops coming... 

Propaganda  aapatam ledu nuvvu

Chala rojulu nunchi chestunnavu

What is your true intention

[Sonu_Patel]

12 minutes ago, cinemapiccha said:

Propaganda  aapatam ledu nuvvu

Chala rojulu nunchi chestunnavu

What is your true intention

Simple logic anna.. 

Lower Interest rates valla prices inflate chesaru artificial ga..

In current circumstances, there are higher interest rates and sky rocketed home prices. 

but reality ga chusthey houses are no more affordable for many people out there...

prices will normalize antunna. 

 

[cinemapiccha]

6 minutes ago, Sonu_Patel said:

Simple logic anna.. 

Lower Interest rates valla prices inflate chesaru artificial ga..

In current circumstances, there are higher interest rates and sky rocketed home prices. 

but reality ga chusthey houses are no more affordable for many people out there...

prices will normalize antunna. 

 

I think, may be your perspectives could be wrong.

Dont assume that something will happen and try to manipulate here.

You might be just mis directing someone's life decisions with your immaturity,

In the end, you are not an expert in these matters. Please dont have an agenda to manipulate other peoples perspective with your assumptions. You should just post your opinion, but not propaganda or fake news.

[cinemapiccha]

10 minutes ago, Sonu_Patel said:

Lower Interest rates valla prices inflate chesaru artificial ga..

 

Prices got inflated due to increased material costs.

Material costs are not going to come down.

4years back 1$ ki konna cement block, ippudu 2$, will it come down. Never.

3 Years back 2$ ki konna milk, ippudu 3.5$, will it come down. Never.

 

Ala jaragali ante, deflation ravali. Deflation means desam sanka naaki povatam. No government will fail to that level.

[Sonu_Patel]

2 hours ago, cinemapiccha said:

I think, may be your perspectives could be wrong.

Dont assume that something will happen and try to manipulate here.

You might be just mis directing someone's life decisions with your immaturity,

In the end, you are not an expert in these matters. Please dont have an agenda to manipulate other peoples perspective with your assumptions. You should just post your opinion, but not propaganda or fake news.

My thread, My thoughts and I am not saying randomly or manipulating anna.. 

I am coming up with links and price reductions proofs.. 

I am not expert anna.. I am just posting my perspectives based on the inventory levels from redfin. 

https://www.redfin.com/news/data-center/

 

[Sonu_Patel]

2 hours ago, cinemapiccha said:

Prices got inflated due to increased material costs.

Material costs are not going to come down.

4years back 1$ ki konna cement block, ippudu 2$, will it come down. Never.

3 Years back 2$ ki konna milk, ippudu 3.5$, will it come down. Never.

 

Ala jaragali ante, deflation ravali. Deflation means desam sanka naaki povatam. No government will fail to that level.

totally agree with your point anna with Inflation.. 

There is also another point called Affordability.. I am saying with the mass volume of housing Inventory will get accumulated over the course of next months and It will cause the prices to normalize.

Remember anna, Grass is not always green. 2024 is equivalent to 2007 for housing.. few months aeyinaka neke telustadi etla untadho. 

[cinemapiccha]

27 minutes ago, Sonu_Patel said:

My thread, My thoughts and I am not saying randomly or manipulating anna.. 

I am coming up with links and price reductions proofs.. 

I am not expert anna.. I am just posting my perspectives based on the inventory levels from redfin. 

https://www.redfin.com/news/data-center/

 

inventory levels always increases in summer. Please know that first.

[cinemapiccha]

24 minutes ago, Sonu_Patel said:

totally agree with your point anna with Inflation.. 

There is also another point called Affordability.. I am saying with the mass volume of housing Inventory will get accumulated over the course of next months and It will cause the prices to normalize.

Remember anna, Grass is not always green. 2024 is equivalent to 2007 for housing.. few months aeyinaka neke telustadi etla untadho. 

Affordability will also increase based on the increase in incomes which is how inflation based increase is managed in this country since the great depression.

2007 crash is caused by bad practices from banks in giving loans. The current situation is no way similar to that.

Please don't speculate.

[Hitman]

21 minutes ago, cinemapiccha said:

Affordability will also increase based on the increase in incomes which is how inflation based increase is managed in this country since the great depression.

2007 crash is caused by bad practices from banks in giving loans. The current situation is no way similar to that.

Please don't speculate.

The cost of owning a house quadrupled from 2008 levels.   Due to Interest rate x 2, Due to price x2 . Total 4 fold increase. But income grew by, how much 20 to 40% ??? will this justify? 

[Sonu_Patel]

18 minutes ago, cinemapiccha said:

Affordability will also increase based on the increase in incomes which is how inflation based increase is managed in this country since the great depression.

2007 crash is caused by bad practices from banks in giving loans. The current situation is no way similar to that.

Please don't speculate.

Reality chesko anna.. 

for example 2020 before oka average new construction home (3k sft) around 400-450 k range lo undevi.. assuming you are making around $130k

now the average home 3k sft cosing beyond 700k.. nuvu cheppinatu $220-$230k salary ravali.. entha mandiki vasthunnayi ah range lo salaries adhyaksha ani @Aquaman athma ghoosha. 

[Sonu_Patel]

38 minutes ago, cinemapiccha said:

Affordability will also increase based on the increase in incomes which is how inflation based increase is managed in this country since the great depression.

2007 crash is caused by bad practices from banks in giving loans. The current situation is no way similar to that.

Please don't speculate.

Do you think now we have good practices for loans ? 

lender gallu chesey magic and gimmikkulu chusthey.. nee mathi potadi .. 

gross wages chusi loans istunnaru.. ultimately home buyers will suffer and end up paying 70-80% of pay check towards the mortgage payment. 

[lollilolli2020]

12 minutes ago, Sonu_Patel said:

Do you think now we have good practices for loans ? 

lender gallu chesey magic and gimmikkulu chusthey.. nee mathi potadi .. 

gross wages chusi loans istunnaru.. ultimately home buyers will suffer and end up paying 70-80% of pay check towards the mortgage payment. 

adentii idantha Kaneda lo ney aithayi kada isonti gimmicks 

[Sonu_Patel]

33 minutes ago, Hitman said:

The cost of owning a house quadrupled from 2008 levels.   Due to Interest rate x 2, Due to price x2 . Total 4 fold increase. But income grew by, how much 20 to 40% ??? will this justify? 

@cinemapiccha answer this question ani @Aquaman adagamannadu. 

[cinemapiccha]

5 hours ago, Hitman said:

The cost of owning a house quadrupled from 2008 levels.   Due to Interest rate x 2, Due to price x2 . Total 4 fold increase. But income grew by, how much 20 to 40% ??? will this justify? 

2008 ki 2024 ki compare chestunnav kada

same comparison 1992 ki 2008 ki kooda cheyyi how a similar house price has changed ani.

You will understand, nothing abnormal happened here.

[cinemapiccha]

5 hours ago, Sonu_Patel said:

Do you think now we have good practices for loans ? 

lender gallu chesey magic and gimmikkulu chusthey.. nee mathi potadi .. 

gross wages chusi loans istunnaru.. ultimately home buyers will suffer and end up paying 70-80% of pay check towards the mortgage payment. 

Then you need to look for houses that are affordable for your paycheck.

Vere vadiki slump lo unnappudu takkuvaki machi illu vachindi ani danitho compare chesukunte ela.