Housing will get more expensive

[ARYA]

1 hour ago, Raja_Returns said:

coming months lo okasari h44 ead meda bomb vesthe kone vadu undali kada first

neeku pedda ashalee unnai ga thata  

[ARYA]

3 hours ago, kevinUsa said:

Pre 2019 house prices enta unde ,??

just asstin area travisso lo high 500 - 600s undevi 2X iyinai post pandemic

[krishnaaa]

11 hours ago, Ravi860 said:

With new tariffs on lumber and other building materials.. thanks to thatha 

Housing won't get expensive. Majority of houses are held by old people with one step in the grave. Housing is in cycles....next cycle is either stagnation or down.

[Undiporade]

As far it is last two months, the housing market in many states is going down and many contracts were withdrawn

The upcoming months will be more uncertain, but the desi real estate side of the stories the prices will hike more 🤪

[maverick19]

6 hours ago, Arjun9 said:

yeah Charlotte, Raleigh - no father listening.. min 10% up each year and some areas inka biddings

are you serious? what is so good in raleigh and charlotte for people to bid still? 

[phatposts]

57 minutes ago, maverick19 said:

are you serious? what is so good in raleigh and charlotte for people to bid still? 

Both places have good # of jobs
Schools, weather are good
Cost of living is very bearable compared to emerging metros. 
CLT lo aithe manchi communities lo for sure bidding going on. War emi kaadu kaani lot premium laaga. Raleigh idk personally but I assume it's more competetive than Charlotte. 
 

[maverick19]

1 hour ago, phatposts said:

Both places have good # of jobs
Schools, weather are good
Cost of living is very bearable compared to emerging metros. 
CLT lo aithe manchi communities lo for sure bidding going on. War emi kaadu kaani lot premium laaga. Raleigh idk personally but I assume it's more competetive than Charlotte. 
 

big companies em vunnayi raleigh around areas lo. i am talking IT. 

road infra is not so adequate i thought.  anta  local road are  single lane. 

Decent size houses are around 750+ which is already high. 

[Pandubabu]

8 hours ago, ARYA said:

why?

weather good anta , nuclear plant radiation keeps them warm anta 

[ARYA]

9 minutes ago, Pandubabu said:

weather good anta , nuclear plant radiation keeps then warm anta 

Lol 

[Konebhar6]

10 hours ago, Sonu_Patel said:

It will be tricky situation for new builders.. 

labor market and inventory levels meda depend ayyi untadi..

new builders ki margins taggochu.. they cant increase prices substantially. 

 

Listed companies like Lennar, etc have to keep building. No choice. They have to price as per demand. Lennar already has good discounts in many places. A lot depends on Jobs and economy and Stock market as well. If your finances support a new home, go for it. Else no.

[Sonu_Patel]

23 minutes ago, Konebhar6 said:

Listed companies like Lennar, etc have to keep building. No choice. They have to price as per demand. Lennar already has good discounts in many places. A lot depends on Jobs and economy and Stock market as well. If your finances support a new home, go for it. Else no.

My thumb rule.. monthly mortgage payment must not exceed 30% of the net family income anna..

but ipudu kontunna new home buyers are mostly paying 70% or more of the income towards just mortgage only.. 

labor market shake avthey... foreclosures chesestaru anna ee santha antha.. 

I am seeing this trend of forced buying from Newly married couples and people/families relocated from India. 

With the desire of owning piece of real estate, No daddy listening with taking loans with out even having financial knowledge. 

[phatposts]

4 hours ago, maverick19 said:

big companies em vunnayi raleigh around areas lo. i am talking IT. 

road infra is not so adequate i thought.  anta  local road are  single lane. 

Decent size houses are around 750+ which is already high. 

https://www.glassdoor.com/Explore/top-information-technology-companies-raleigh_IS.4,26_ISEC10013_IL.37,44_IM714.htm

Many companies have their secondary HQs in Raleigh. So many pharma (mainly research depts) and biotechs also in Raleigh. 

750 for a starter home is not justifiable. But market trumps logic.

[akkum_bakkum]

2 hours ago, Sonu_Patel said:

My thumb rule.. monthly mortgage payment must not exceed 30% of the net family income anna..

but ipudu kontunna new home buyers are mostly paying 70% or more of the income towards just mortgage only.. 

labor market shake avthey... foreclosures chesestaru anna ee santha antha.. 

I am seeing this trend of forced buying from Newly married couples and people/families relocated from India. 

With the desire of owning piece of real estate, No daddy listening with taking loans with out even having financial knowledge. 

Anna…DTI ratio 49% kanna ekkuvunte asalu loan ivvaruga…

 

used to be 36% when we got our mortgages.