Home buyer situation after job loss

[letstalk2024]

52 minutes ago, Thokkalee said:

Nowhere in the post he says he is in debt or he has no money…he is looking for some suggestions to minimize his losses… manollu chala mandi 20-30% down chesi houses kontaaru and they are scared of losing their credit history or close the door for coming back… foreclose chesthe aa 20% down payment, any renovations money kuda lose avtaaru.. 

iddaru working ante earning and savings bagane untayi.. they will be fine.. they will get out with some loss.. 

you cannot say that everyone who bought homes in the last 4-5 years are either arrogant or stupid.. 😁

+1

and need not be less technical as stressed by this so called perfectionist 

 

[Konebhar6]

54 minutes ago, Thokkalee said:

Nowhere in the post he says he is in debt or he has no money…he is looking for some suggestions to minimize his losses… manollu chala mandi 20-30% down chesi houses kontaaru and they are scared of losing their credit history or close the door for coming back… foreclose chesthe aa 20% down payment, any renovations money kuda lose avtaaru.. 

iddaru working ante earning and savings bagane untayi.. they will be fine.. they will get out with some loss.. 

you cannot say that everyone who bought homes in the last 4-5 years are either arrogant or stupid.. 😁

Sensible message. You cannot put a value on a first home as long as your finances support them. However there are a lot of ppl who bought homes on FOMO effect. They are in trouble. 
Anyways it’s a decision they took and they gotta own it and face consequences going forward. 
People who bought since 2021 are in trouble. Prices are poised to go back to pre COVID prices by 2026.