Home price reductions impact on the New home owners

[Sonu_Patel]

If a person bought home for $800k and the most recent sale in neighborhood happen for same sft home is $750k which means that person lost $50K in equity. 

drawbacks: 

- If the person who bought for $800K try to refinance, their property valuation by bank will be for $750 which in turn cause deadlock situation for New home owners who has hopes to refinance in near to short term. 

- Athmagouravam, Community lo jarige kitty party groups lo people often make fun when you over pay and cannot show off properly. 

- If the person has to relocate, hey cannot sell immediately and make job related decisions. 

 

[pandugadu999]

its ok uncle..meeda pettukuni pothava poyetapudu..chill

[Ravi860]

23 minutes ago, Sonu_Patel said:

If a person bought home for $800k and the most recent sale in neighborhood happen for same sft home is $750k which means that person lost $50K in equity. 

drawbacks: 

- If the person who bought for $800K try to refinance, their property valuation by bank will be for $750 which in turn cause deadlock situation for New home owners who has hopes to refinance in near to short term. 

- Athmagouravam, Community lo jarige kitty party groups lo people often make fun when you over pay and cannot show off properly. 

- If the person has to relocate, hey cannot sell immediately and make job related decisions. 

 

Anna migatha 50k ne restaurant lo paachi bajji latho vachina profits tho cover cheyachu kada papam

[enigmatic]

 

35 minutes ago, Sonu_Patel said:

- Athmagouravam, Community lo jarige kitty party groups lo people often make fun when you over pay and cannot show off properly. 

 

[Sonu_Patel]

21 minutes ago, pandugadu999 said:

its ok uncle..meeda pettukuni pothava poyetapudu..chill

what its ok anna.. you can show off buy buying tesla model Y with that amount. 

[Sizzler]

2 hours ago, Sonu_Patel said:

If a person bought home for $800k and the most recent sale in neighborhood happen for same sft home is $750k which means that person lost $50K in equity. 

drawbacks: 

- If the person who bought for $800K try to refinance, their property valuation by bank will be for $750 which in turn cause deadlock situation for New home owners who has hopes to refinance in near to short term. 

- Athmagouravam, Community lo jarige kitty party groups lo people often make fun when you over pay and cannot show off properly. 

- If the person has to relocate, hey cannot sell immediately and make job related decisions. 

 

If this is your primary home and living there, fluctuations in equity doesn’t matter. Whether it goes up or down by 50K, nothing is realized until you want to sell or take equity etc. 

[har_D_ick]

17 minutes ago, Sizzler said:

If this is your primary home and living there, fluctuations in equity doesn’t matter. Whether it goes up or down by 50K, nothing is realized until you want to sell or take equity etc. 

i tried to explain this numerous times to this guy and other guy who whines on tracy homes.. Naku doubt enti ante, these people are just jelly on others who bought,as these folks are not in a position to afford anything.. 

[Sizzler]

20 minutes ago, har_D_ick said:

i tried to explain this numerous times to this guy and other guy who whines on tracy homes.. Naku doubt enti ante, these people are just jelly on others who bought,as these folks are not in a position to afford anything.. 

if someone has been waiting to buy a home, this is a good opportunity anukovali anthe. Builder incentives were unheard of few months before.

[ErraBook_monagadu]

This house purchased 2022 $830K, trying to sell since Feb $800k, not selling.

35K property taxes

50K selling costs

150K interest for 3 years

6 months vacancy cost 30K

Depreciation Atleast 50k if at all it sells

Minimum 300k big whole, no hole 

 

listed for sale

 listing removed

listed for sale

listing removed

………….perpetual loop
 

https://www.zillow.com/homedetails/5777-Tournament-Ct-Tracy-CA-95377/2063071241_zpid/

[Samajavaragamanaa]

2 hours ago, har_D_ick said:

i tried to explain this numerous times to this guy and other guy who whines on tracy homes.. Naku doubt enti ante, these people are just jelly on others who bought,as these folks are not in a position to afford anything.. 

@Sonu_Patel trying to buy house from 2016 man 

[enigmatic]

average 2 bed home rent 3,500 in bay area . 36 months rent 126 k

unless they were previously living under a tree hole only 175k kada 

[ErraBook_monagadu]

2 minutes ago, enigmatic said:

average 2 bed home rent 3,500 in bay area . 36 months rent 126 k

unless they were previously living under a tree hole only 175k kada 

Stress from Home purchase and home sale ages the family by 3 years, value of that health affect and time spent in the process is wasted 125k

[usetime63]

3 hours ago, ErraBook_monagadu said:

This house purchased 2022 $830K, trying to sell since Feb $800k, not selling.

35K property taxes

50K selling costs

150K interest for 3 years

6 months vacancy cost 30K

Depreciation Atleast 50k if at all it sells

Minimum 300k big whole, no hole 

 

listed for sale

 listing removed

listed for sale

listing removed

………….perpetual loop
 

https://www.zillow.com/homedetails/5777-Tournament-Ct-Tracy-CA-95377/2063071241_zpid/

Sold ane ekkada history lo ledu. 

[jpismahatma]

Kotha illu konali ante where should we buy anna? North east lo untanu. 

[Samajavaragamanaa]

12 hours ago, Sonu_Patel said:

If a person bought home for $800k and the most recent sale in neighborhood happen for same sft home is $750k which means that person lost $50K in equity. 

drawbacks: 

- If the person who bought for $800K try to refinance, their property valuation by bank will be for $750 which in turn cause deadlock situation for New home owners who has hopes to refinance in near to short term. 

- Athmagouravam, Community lo jarige kitty party groups lo people often make fun when you over pay and cannot show off properly. 

- If the person has to relocate, hey cannot sell immediately and make job related decisions. 

 

Post with proof ra