Housing market collapse

[ErraBook_monagadu]

Purchased 1.12M last year. Spent 100k on upgrades.  Listed at 1.06M now. Assume it sells 1M best case.

within one year loss is:

Depreciation 120k

upgrades 100k

selling and buying cost 60K

interest 80k

property tax 20k

Total $380K

if sale price $880k, loss is $500k

 

https://www.zillow.com/homedetails/2582-Callaway-Ct-Tracy-CA-95377/325545384_zpid/

 

 

 

[nuvvu_naakina_paalem]

10 minutes ago, ErraBook_monagadu said:

Purchased 1.12M last year. Spent 100k on upgrades.  Listed at 1.06M now. Assume it sells 1M best case.

within one year loss is:

Depreciation 120k

upgrades 100k

selling and buying cost 60K

interest 80k

property tax 20k

Total $380K

if sale price $880k, loss is $500k

 

https://www.zillow.com/homedetails/2582-Callaway-Ct-Tracy-CA-95377/325545384_zpid/

 

 

 

Wait, it will get to 150k$

[hushh fatak]

48 minutes ago, ErraBook_monagadu said:

Purchased 1.12M last year. Spent 100k on upgrades.  Listed at 1.06M now. Assume it sells 1M best case.

within one year loss is:

Depreciation 120k

upgrades 100k

selling and buying cost 60K

interest 80k

property tax 20k

Total $380K

if sale price $880k, loss is $500k

 

https://www.zillow.com/homedetails/2582-Callaway-Ct-Tracy-CA-95377/325545384_zpid/

 

 

 

rent saved for 1 year kuda add cheyi

[human1234]

As long as stock market going up and job market is strong, housing market will be fine

[Konebhar6]

1 hour ago, human1234 said:

As long as stock market going up and job market is strong, housing market will be fine

H1B markets (far off from cities) are seeing a massive drops in prices. Rates drop might save market if at all that happens.

[human1234]

30 minutes ago, Konebhar6 said:

H1B markets (far off from cities) are seeing a massive drops in prices. Rates drop might save market if at all that happens.

Minor correction possible but as job market (except IT) is good, market might go sideways

[Konebhar6]

Just now, human1234 said:

Minor correction possible but as job market (except IT) is good, market might go sideways

Surprisingly New homes are a lot cheaper than existing homes. Existing homes also correcting now. Job market is bad than what is projected. I think more pain to come in housing. 

[tollywood_hater]

2 hours ago, ErraBook_monagadu said:

Purchased 1.12M last year. Spent 100k on upgrades.  Listed at 1.06M now. Assume it sells 1M best case.

within one year loss is:

Depreciation 120k

upgrades 100k

selling and buying cost 60K

interest 80k

property tax 20k

Total $380K

if sale price $880k, loss is $500k

 

https://www.zillow.com/homedetails/2582-Callaway-Ct-Tracy-CA-95377/325545384_zpid/

 

 

 

Already pending lo undi kadha bro

[viky]

6 minutes ago, tollywood_hater said:

Already pending lo undi kadha bro

ade kada, ee landasoora lolli daily housing padtundhi ani

[7691]

Invest in AI city amaravathi tammudu.

 

tracy aney palletooru tho neeku attachment endi tammudu

[usetime63]

2 hours ago, human1234 said:

As long as stock market going up and job market is strong, housing market will be fine

Covid la, stocks went down, home went up, how can you justify this ? 

[tollywood_hater]

5 minutes ago, usetime63 said:

Covid la, stocks went down, home went up, how can you justify this ? 

Initially housing down along with stock market .... When remote trend started , housing picked up and boomed

[Mr Mirchi]

new sonu patel vaa broo

 

dallas market padithe appudu padinattu

[Mr Mirchi]

31 minutes ago, human1234 said:

Minor correction possible but as job market (except IT) is good, market might go sideways

konnadhe IT kadhaaa..inka except enti

[Hitman]

1 hour ago, usetime63 said:

Covid la, stocks went down, home went up, how can you justify this ? 

Free money flooded the market fueled with Low interest rates.... (2.5% APR). World just witnessed the fall of stock market, so flocked to Real estate market...