Last weekend hang out topic with friends

[Sam480]

Just now, dreamchaser said:

wake up bro.already new build lenders are giving 4-4.5% interest rate.No one is buying.affordability is the problem.home prices went up a lot but not salaries.Home prices will crash in many areas for sure in near future

Interest rates taggite anni set avtay uncle, Corporate Companies want money at lower rates

[DonnyStrumpet]

3 hours ago, Spartan said:

250K equity house appreciation lo da..

or his other savings.?

house meedavi ante.... 250 nunchi chetiki vachesariki 150k aitadi ante.. 

why so much? Gains tax will not apply if that was his primary house of residence and if he lived there atleast for 2 years. 

[DonnyStrumpet]

3 hours ago, SaradaChinnodu said:

It isnt clear if your Frnd wants to sell the house and rent out or willing to move back to India? 

If it's later, obviously wise decision. If he continues to live in US and rent then that won't be bad idea if he plan on investing the profits wisely.

For now he wants to sell the house and keep the equity in investments. or he may save cash. I don’t know.
 

He said he will reconsider buying once the dust settles down. No he has no intention about going back to India on his own. However he is also embracing uncertainty since he is on h1 

[SaradaChinnodu]

6 minutes ago, DonnyStrumpet said:

For now he wants to sell the house and keep the equity in investments. or he may save cash. I don’t know.
 

He said he will reconsider buying once the dust settles down. No he has no intention in back to India on his own. However he is also embracing uncertainty since he is on h1 

got it, thanks for clarifying. No option is bad option here as long as he has a plan with the money. 

[SaradaChinnodu]

3 hours ago, Spartan said:

including taxes and other things... 100K potai CA lo aite.. minimum for a 1M house

ok I'm not sure how things work in CA...but in general for 1M house with 5.5% commissions (3% buyer + 2.5% seller) with trivial charges for title agency 50K-60K pothayi...taxes only come into picture if its not a primary residence...usally sale proceeds(profits) from primarily home sale is tax exempted in many states...

I'm not trying to down play the number but looking to know if there are any hidden things that layout..

[perugu_vada]

if one has good amount of properties in India .. and they are on H-1b .. haayiga india velli settle avvatam best .. ipudu unna e sodhi bharinchatam kanna .. visa ani job ani kids school, after-school ani 

[Gorantlamdhav]

7 hours 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? 

Selling is good idea 

but buyers leru

his 250 means negotiation lo 50-100 taggiyali to sell it

then realtor fee

then taxes

moving expenses 

his investment in home like repairs furniture upgrades etc..

adding all of these hardly 50k profit 

[Gorantlamdhav]

7 hours ago, Sam480 said:

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

did you check builders websites?

they are giving below 4 like 3.75 too

no need to time the market 

this is better time than next year 

worst time than 2 years ago for sellers 

for buyers another year of time