ErraBook_monagadu Posted May 28 Author Report Posted May 28 @nenu_meeku_telusa Few listed here from a long list of bakras https://www.zillow.com/homedetails/2798-Sasser-Pl-Acampo-CA-95377/325545367_zpid/ https://www.zillow.com/homedetails/6305-Callaway-Dr-Tracy-CA-95377/325545450_zpid/ https://www.zillow.com/homedetails/2775-Dunsmuir-Pl-Acampo-CA-95377/325545190_zpid/ https://www.zillow.com/homedetails/3067-Copley-Dr-Tracy-CA-95377/300277869_zpid/ https://www.zillow.com/homedetails/6246-Cameo-Way-Tracy-CA-95377/300276802_zpid/ https://www.zillow.com/homedetails/6835-Paseo-St-Tracy-CA-95377/300276774_zpid/ https://www.zillow.com/homedetails/6795-Paseo-St-Tracy-CA-95377/300277096_zpid/ Quote
ErraBook_monagadu Posted May 28 Author Report Posted May 28 Most of them took arm loans 5 year arm, 3 year arm. soon mortgage rates will increase and they would be paying monthly $8K payment living in a house that would rent for $3k max Quote
nenu_meeku_telusa Posted May 28 Report Posted May 28 25 minutes ago, ErraBook_monagadu said: @nenu_meeku_telusa Few listed here from a long list of bakras https://www.zillow.com/homedetails/2798-Sasser-Pl-Acampo-CA-95377/325545367_zpid/ https://www.zillow.com/homedetails/6305-Callaway-Dr-Tracy-CA-95377/325545450_zpid/ https://www.zillow.com/homedetails/2775-Dunsmuir-Pl-Acampo-CA-95377/325545190_zpid/ https://www.zillow.com/homedetails/3067-Copley-Dr-Tracy-CA-95377/300277869_zpid/ https://www.zillow.com/homedetails/6246-Cameo-Way-Tracy-CA-95377/300276802_zpid/ https://www.zillow.com/homedetails/6835-Paseo-St-Tracy-CA-95377/300276774_zpid/ https://www.zillow.com/homedetails/6795-Paseo-St-Tracy-CA-95377/300277096_zpid/ What’s the proof that they are desi buyers Quote
beerakaya Posted May 28 Report Posted May 28 friend bought in dallas last year same house same community, builder selling for 40k less... vadi edupu chusthe thatukolem Quote
ErraBook_monagadu Posted May 28 Author Report Posted May 28 4 minutes ago, beerakaya said: friend bought in dallas last year same house same community, builder selling for 40k less... vadi edupu chusthe thatukolem CA losses are huge because of high prices, person will never recover from CA real estate crash shock. Single income families will have ptsd from this shock entire life, they will never buy house in usa again Quote
Sonu_Patel Posted May 28 Report Posted May 28 8 minutes ago, ErraBook_monagadu said: CA losses are huge because of high prices, person will never recover from CA real estate crash shock. Single income families will have ptsd from this shock entire life, they will never buy house in usa again nee links chusa anna.. okkokkaru 500k loss lo unnaru ga.. in the matter of just 2-3 years.. This is big loss for life time anna.. It will take easily 10+ years to catch up with losses on that home equity. Quote
ErraBook_monagadu Posted May 28 Author Report Posted May 28 More pain in future, banks are tightening loans, most buyers are not qualified. only few double income or cash buyers available at these high prices. But double income families can’t commute long distances. That leaves only few cash buyers, this will further tank market. 60 miles away from Bay Area, each mile costs so much pain for the owners Quote
Konebhar6 Posted May 28 Report Posted May 28 1 hour ago, ErraBook_monagadu said: @nenu_meeku_telusa Few listed here from a long list of bakras https://www.zillow.com/homedetails/2798-Sasser-Pl-Acampo-CA-95377/325545367_zpid/ https://www.zillow.com/homedetails/6305-Callaway-Dr-Tracy-CA-95377/325545450_zpid/ https://www.zillow.com/homedetails/2775-Dunsmuir-Pl-Acampo-CA-95377/325545190_zpid/ https://www.zillow.com/homedetails/3067-Copley-Dr-Tracy-CA-95377/300277869_zpid/ https://www.zillow.com/homedetails/6246-Cameo-Way-Tracy-CA-95377/300276802_zpid/ https://www.zillow.com/homedetails/6835-Paseo-St-Tracy-CA-95377/300276774_zpid/ https://www.zillow.com/homedetails/6795-Paseo-St-Tracy-CA-95377/300277096_zpid/ Don't know what world these sellers are in ... The ones in Tracy listed for $1.3M .. No one is ready to buy them even for $1M now. Quote
Sonu_Patel Posted May 28 Report Posted May 28 10 minutes ago, Konebhar6 said: Don't know what world these sellers are in ... The ones in Tracy listed for $1.3M .. No one is ready to buy them even for $1M now. They are all enjoying vacations anna by transferring huge liabilities to protect our telugu tejams athmagouravam. Quote
ARYA Posted May 28 Report Posted May 28 Should have waited if possible, that area Will become hot cake again after rate drops Quote
Joker_007 Posted May 29 Report Posted May 29 12 hours ago, Chatgpt2 said: ivanni ee intlo ayina kattalsinde gaa uncle? Akkada lekkalu appreciation ledu only depreciation ante cheppina, anything specific to house remodeling and all are negatives Okay... Quote
Limbojumbo Posted May 29 Report Posted May 29 Technically, the prediction was that mortgages would reach around 5.25% (3.25% for a 10-year fixed-rate mortgage plus 200 basis points) by the peak housing season (summer of 25). However, this is delayed by a year due to the tariff, the tax bill, plus inflationary pressures and Fed won’t budge. First-time homebuyers who purchased during the 2023-2025 period will likely be stuck if someone was looking for a quick flip. Unless really smart ones convert these to rentals before selling and record the loss as a capital gain offset elsewhere. As for price appreciation, I highly doubt it.. 1 Quote
ARYA Posted May 29 Report Posted May 29 16 minutes ago, Limbojumbo said: Technically, the prediction was that mortgages would reach around 5.25% (3.25% for a 10-year fixed-rate mortgage plus 200 basis points) by the peak housing season (summer of 25). However, this is delayed by a year due to the tariff, the tax bill, plus inflationary pressures and Fed won’t budge. First-time homebuyers who purchased during the 2023-2025 period will likely be stuck if someone was looking for a quick flip. Unless really smart ones convert these to rentals before selling and record the loss as a capital gain offset elsewhere. As for price appreciation, I highly doubt it.. I know how people were bidding for these tracy hills homes back in 23, 24..just another 1-2% drop things will change completely.. @csrcsr @Spartan @Anta Assamey cash pattukoni ready ga unnaru... Quote
ErraBook_monagadu Posted May 29 Author Report Posted May 29 Even interest rates go down to zero, no one going to buy these homes 65 miles from office. Wfh fueled these bidding wars now people regret. medkaya mida talakaya vunna vadu evadu office ki 65 miles distance lo house tiskodu future lo Quote
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