Sizzler Posted February 17 Author Report Posted February 17 23 minutes ago, Android_Halwa said: Interest rates are eating away into margins, already negative cash flow and andulo property management etc inkoka 5-10% potadi…new house and expect no big issues but Arizona la AC breakdowns etc frequent ga avutune vuntayi. And Greater Phoenix area la abundant land, if you plan to buy now and build some equity on it and potentially move in at some point of time in future, Trust me you will get similar and modern new house for similar price. Land chala vundi so inkoka 5 miles velthe inka modern home vastadi… Gilbert, Chandler, Peoria, etc have seen quick price hikes, but 600-700k homes potential ledu anukuntunna Arizona ki.. Thanks anna… common advice here seems to be not worry about buying now. Quote
Sizzler Posted February 17 Author Report Posted February 17 20 minutes ago, ARYA said: i know someone who bought around mesa.... Ekkada teeskunnaru bro…New or already built… nakenduko meere okati side chesaru ani doubt Quote
Android_Halwa Posted February 17 Report Posted February 17 49 minutes ago, Sizzler said: Thanks anna… common advice here seems to be not worry about buying now. FOMO lantidi aithe pettukoku…Unless you have GC or hopeful of GC in the next 5 years, If you want to buy an investment property, you can do so anytime in the future as we do not have to worry about interest rates hikes or property prices going up, That ship has sailed already. Market is opening up, builders offering incentives, we are seeing price cuts almost everywhere…just that rental price and mortgage equation matram balance avadu….margin antha interest rates tho potundi 1 Quote
ARYA Posted February 17 Report Posted February 17 2 hours ago, Sizzler said: Ekkada teeskunnaru bro…New or already built… nakenduko meere okati side chesaru ani doubt I can’t tolerate that heat, I’m a CA guy…frendz teskunaru 2021 lo new construction ee 1 Quote
yogdenon Posted May 20 Report Posted May 20 I know a guy who sold his csgo knife skins and used that money to get in on one of these Phoenix units early. He made enough profit to put a down payment on another one six months later. Might sound odd, but gaming stuff like csgo knife skins can sometimes bankroll some decent moves if timed right. Quote
Sizzler Posted May 20 Author Report Posted May 20 47 minutes ago, yogdenon said: My cousin bought land there last year and already got decent appreciation. If you’re planning long-term, it looks promising, but short-term gains might be slower depending on the area. Where did he buy? Any idea about the price/acre? Thanks. Quote
anna_gari_maata Posted May 20 Report Posted May 20 On 2/16/2025 at 12:48 AM, Sizzler said: Thanks bro. Lot of people are quietly buying in Arizona whether to retire or invest and eventually relocate etc, I own/onwed an investment property... as per my experience. It's a gigantic scam and waste of time. You may earn some good bucks will totally lose peace of mind and valuable career time fixing issues and dealing with HOA nonsense. Instead use that time to build a nice career and buy a proper potential home at where you stay. Ultimately I will say one thing... current real estate frenzy world in USA is as good as the farmers in India who couldn't borrow loans and commit suicide. Recession indicator popped in January and now the entire market is flooded with unsellable homes. Don't fall into the cauldron, buy investment only that you are close to and can payoff 1 Quote
Sizzler Posted May 20 Author Report Posted May 20 52 minutes ago, anna_gari_maata said: I own/onwed an investment property... as per my experience. It's a gigantic scam and waste of time. You may earn some good bucks will totally lose peace of mind and valuable career time fixing issues and dealing with HOA nonsense. Instead use that time to build a nice career and buy a proper potential home at where you stay. Ultimately I will say one thing... current real estate frenzy world in USA is as good as the farmers in India who couldn't borrow loans and commit suicide. Recession indicator popped in January and now the entire market is flooded with unsellable homes. Don't fall into the cauldron, buy investment only that you are close to and can payoff Thank you for the wise words. Housing market is struggling now. Only new construction homes are being sold due to the incentives from builders. Quote
anna_gari_maata Posted May 20 Report Posted May 20 5 minutes ago, Sizzler said: Thank you for the wise words. Housing market is struggling now. Only new construction homes are being sold due to the incentives from builders. Housing market is close to bad but no one is talking for some reason ... just see the number of houses in every town/county that are sitting for more than a month. New buyers don't want to buy condos because of HOA, houses that need upgrades, less bathrooms etc are not selling... prices are way over normal. people are better off renting or in worst case moving to another state. A reset is coming sooner or later Quote
Sizzler Posted May 20 Author Report Posted May 20 16 minutes ago, anna_gari_maata said: Housing market is close to bad but no one is talking for some reason ... just see the number of houses in every town/county that are sitting for more than a month. New buyers don't want to buy condos because of HOA, houses that need upgrades, less bathrooms etc are not selling... prices are way over normal. people are better off renting or in worst case moving to another state. A reset is coming sooner or later Cities where inventory is low with lot of people waiting to buy homes didn’t notice the impact immediately but visible now. It will soon be a buyers market. Not expecting interest rates to go down soon and 4.5 -5% will be the normal when it happens. Quote
Konebhar6 Posted May 21 Report Posted May 21 6 hours ago, Sizzler said: Cities where inventory is low with lot of people waiting to buy homes didn’t notice the impact immediately but visible now. It will soon be a buyers market. Not expecting interest rates to go down soon and 4.5 -5% will be the normal when it happens. From Feb to now market has corrected a lot. Prices have come down, incentives increasing, existing home prices also coming down. Wait for post-summer. You will get better rates. 1 Quote
Sizzler Posted May 21 Author Report Posted May 21 1 hour ago, Konebhar6 said: From Feb to now market has corrected a lot. Prices have come down, incentives increasing, existing home prices also coming down. Wait for post-summer. You will get better rates. Thanks bro. Builders are making up for the rate incentives by not dropping or increasing the home prices. It will be tough for resale homes by individuals without dropping the prices. Quote
karna11 Posted May 21 Report Posted May 21 3 hours ago, Konebhar6 said: From Feb to now market has corrected a lot. Prices have come down, incentives increasing, existing home prices also coming down. Wait for post-summer. You will get better rates. Yeha post summer aka after schools starts existing home will fall.more i.guess Quote
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