Last weekend hang out topic with friends

[DonnyStrumpet]

One guy in my group is planning to put his house in the market already. He is sitting on 250k equity. His PD is in 2018. He doesn’t expect to last here in USA. He wants to be proactive before shitttt really hits the wall for everyone.  He said in the worst case he can always buy a house in the future when things settle down.
 

All other friends disagreed with him. We just want to wait and see. May be he is over reacting? 
 

What’s your take on this situation? 

[Barney_Stinson]

nee friend ki edi correct oo ade take

[Hitman]

Up and Downs are common.

If he doesn't expect to last in USA - go ahead. take what ever it it. Y this lolli.

[DonnyStrumpet]

1 minute ago, Barney_Stinson said:

nee friend ki edi correct oo ade take

From one perspective he is smart enough that he has foresight.
 

From other stand point, he will not find the same kind of house again in the future. It will be beyond his reach 

[DonnyStrumpet]

Just now, Hitman said:

Up and Downs are common.

If he doesn't expect to last in USA - go ahead. take what ever it it. Y this lolli.

Many people are on this boat. He is just an example. This thought is lingering in lot of people’s mind. 

[Hitman]

1 minute ago, DonnyStrumpet said:

Many people are on this boat. He is just an example. This thought is lingering in lot of people’s mind. 

it wont get any better or worse from here. Tatha is making sure of this scenario. So just take whatever it is at this time. 

[enigmatic]

prices are already trending down. homes are in market for longer anipistundi. 

[DonnyStrumpet]

1 minute ago, enigmatic said:

prices are already trending down. homes are in market for longer anipistundi. 

It will go down for a while. Job market is very bad for high paying jobS. Especially in IT, govt and academia. 

Only Low pay jobs are available I guess. 

[Sam480]

15 minutes ago, DonnyStrumpet said:

One guy in my group is planning to put his house in the market already. He is sitting on 250k equity. His PD is in 2018. He doesn’t expect to last here in USA. He wants to be proactive before shitttt really hits the wall for everyone.  He said in the worst case he can always buy a house in the future when things settle down.
 

All other friends disagreed with him. We just want to wait and see. May be he is over reacting? 
 

What’s your take on this situation? 

Can't time the market. If Interest rates go below 5%, prices will go up slightly or stay stable

I think there are high chances that the interest rate will be around 5-5.5% by end of next year

[The_Mentalist]

[akkum_bakkum]

11 minutes ago, DonnyStrumpet said:

From one perspective he is smart enough that he has foresight.
 

From other stand point, he will not find the same kind of house again in the future. It will be beyond his reach 

I see house in US as a long term rental property with mortgager being the pseudo landlord. Attaching to a home these days is becoming an outdated emotion. Your frnd may be smart enough to realize the freedom in case things go south. Nothing wrong in his approach.

[no01]

20 minutes ago, DonnyStrumpet said:

One guy in my group is planning to put his house in the market already. He is sitting on 250k equity. His PD is in 2018. He doesn’t expect to last here in USA. He wants to be proactive before shitttt really hits the wall for everyone.  He said in the worst case he can always buy a house in the future when things settle down.
 

All other friends disagreed with him. We just want to wait and see. May be he is over reacting? 
 

What’s your take on this situation? 

ey city? 

wonder what will be the future of DFW area if interest rates go down below 5%. Malli house prices increase ayye scope ledu anipisthundi because remote jobs levu, back to office is on full swing and DFW is not a huge IT market...unna locals ki saripada jobs kuda levu ee market lo. So who will relocate and buy houses there?

[MyLeakHawla]

May be he is not happy with his home purchase.

 

[DonnyStrumpet]

13 minutes ago, no01 said:

ey city? 

wonder what will be the future of DFW area if interest rates go down below 5%. Malli house prices increase ayye scope ledu anipisthundi because remote jobs levu, back to office is on full swing and DFW is not a huge IT market...unna locals ki saripada jobs kuda levu ee market lo. So who will relocate and buy houses there?

Charlotte NC area  

[kevinUsa]

16 minutes ago, akkum_bakkum said:

I see house in US as a long term rental property with mortgager being the pseudo landlord. Attaching to a home these days is becoming an outdated emotion. Your frnd may be smart enough to realize the freedom in case things go south. Nothing wrong in his approach.

Anna nee Brampton house sold aa