Home buyer situation after job loss

[Tellugodu]

1 hour ago, Konebhar6 said:

Job family discrimination anna .. We need to niladisify .. 

those are the jobs first to go by AI. Probably OP uncle was a victim of AI/Automation, if that’s the truth, then ee vaayasulo and with visa dependency, Chala kastam. 

 

[Sonu_Patel]

16 hours ago, Jatka Bandi said:

mundu aa @Sonu_Patel annani peekaali. Eppudu cheppanodu illulu konamani encourage chesadu. Tana maata vini konnaru. Ippudu chudandi.

go and check my posts back in 2022. I was always against buying home since 2022. 

chala stories vesa.. @Konebhar6 @Aquaman saakshiga. 

[kevinUsa]

10 hours ago, thokkalobokkalo said:

House prices won't go back 6-7 years, not realistic. Blackrock, Chinese investors, Latinas, etc invested a lot on the high tide in 3% rate markets and they will hold long term potentially forever.

Max 5% corrections depending on regional market. It's just that American reality needs brokers and that costs  6-8% on top of said corrections, which makes it 10-12% under water that causes some pain. H1bs antha foreclosures chesina, it doesn't account for more than 2-3% of total markets. This is based on roughly 330M US population with 1/5th population owing their homes and another 1/10 population investor categories ani assuming. I don't think h1bs are even 1/100 th of us population. So market will not die because of h1b chaps foreclosing like crazy. 

Also this may not be applicable to Texas as supply is now 3-4 times demand, it's a big state. Reality companies are able to cut losses next year once the raw material supply stabilizes.

OP should rent out really cheap for the first year so that the tenants fall in love with the house and get really comfortable. Second year on, go with aggressive price increases. You might have to prepare for pumping in the gap between rent collected vs expenses by 20k or so but it will pay back in 3-5 years with interest. Just be confident. 

If you however were an app support with not much skills and don't see yourself coming back at all because of this setup, then you can try to cut your losses or escape even after first rent family vacate.

 

 

Canada lo happening kada Anna 

25@% down Inko 15% down avutundi 

[Coconut]

6 minutes ago, kevinUsa said:

Canada lo happening kada Anna 

25@% down Inko 15% down avutundi 

 

[thokkalobokkalo]

3 minutes ago, AmayakapuAndhagadu said:

2019 kante inka down avuddi anna

apudu atleaset IT market bane unde

ipudu visa rules tho patu market kuda worst

That is the point bhayya, visas problem wala affect aindhi h1bs but they are less than a million in total number. Vere visas ani inko 1M. 

Total us lo IT jobs chesevallu maha ante 5M.

Total us population 330-350M aithe, and may be about half of these people are employed, is itself 160M.... The other half being retired, children etc.

So IT jobs, h1b job is are just a small percent of 160M jobs. Meetha vaalu silent ga vala panlo walu busy unnaru. Therefore market antha slow aina mari pre 2019 revert avadhu

Palki Sharma and Indian media etc lens lo chusthe everything is dark and gloomy but overall country is not struggling, they are silently moving on.

 

 

 

 

 

 

 

 

[thokkalobokkalo]

10 minutes ago, kevinUsa said:

Canada lo happening kada Anna 

25@% down Inko 15% down avutundi 

Canada as a country net output vs. US output is different kadha bro. 40M population vs 330M population. 

Indian media shows Canada being full cos Indian kids being sent away, kalistan golalu etc. media prejudice is not equal to ground reality 

[bithrisathiiiii]

15 minutes ago, thokkalobokkalo said:

That is the point bhayya, visas problem wala affect aindhi h1bs but they are less than a million in total number. Vere visas ani inko 1M. 

Total us lo IT jobs chesevallu maha ante 5M.

Total us population 330-350M aithe, and may be about half of these people are employed, is itself 160M.... The other half being retired, children etc.

So IT jobs, h1b job is are just a small percent of 160M jobs. Meetha vaalu silent ga vala panlo walu busy unnaru. Therefore market antha slow aina mari pre 2019 revert avadhu

Palki Sharma and Indian media etc lens lo chusthe everything is dark and gloomy but overall country is not struggling, they are silently moving on.

 

 

 

 

 

 

 

 

you are right core it itself 5 million, and all supporting it around 9.9 million according to 2024

[Konebhar6]

38 minutes ago, thokkalobokkalo said:

Market will be down but won't be 2019 or pre pandemic levels cos of the sustained interest rates, some analysts are saying these rates will be the new normal, so mali COVID era boom inko 5 years lo aithe raakapochu.

One noticeable difference I have seen is that newer homes are cheaper than existing homes as home builders have to sell. They were giving excellent rebates which kept increasing since summer. But last 3 months it’s kind of same offers but good interest rates. The drop in home prices have stopped. 
However the existing home prices are dropping now. 
Job market and inflation is the key. Govt will jump in to stabilize prices at a later point as it’s in their best interest for home prices to drop. It drops inflation. 
Logic is simple, if someone can afford payments they can buy. Investment homes can wait. 
I def see another 10-20% correction ahead at least in CA. 

[SaradaChinnodu]

57 minutes ago, Sonu_Patel said:

go and check my posts back in 2022. I was always against buying home since 2022. 

chala stories vesa.. @Konebhar6 @Aquaman saakshiga. 

I agree too @Sonu_Patel you advised against FOMO...

[Sonu_Patel]

41 minutes ago, Konebhar6 said:

One noticeable difference I have seen is that newer homes are cheaper than existing homes as home builders have to sell. They were giving excellent rebates which kept increasing since summer. But last 3 months it’s kind of same offers but good interest rates. The drop in home prices have stopped. 
However the existing home prices are dropping now. 
Job market and inflation is the key. Govt will jump in to stabilize prices at a later point as it’s in their best interest for home prices to drop. It drops inflation. 
Logic is simple, if someone can afford payments they can buy. Investment homes can wait. 
I def see another 10-20% correction ahead at least in CA. 

This is the best time to shop around find good deals in market anna..

seller gallu for what ever reasons motivated unnaru.. this will open doors for negotiations. 

Good deals grabbing ki good time.. 

malli next spring market lo scenarios might change. 

[Konebhar6]

1 hour ago, Sonu_Patel said:

go and check my posts back in 2022. I was always against buying home since 2022. 

chala stories vesa.. @Konebhar6 @Aquaman saakshiga. 

Yes you were the poster boy for ppl against FOMO home buying. 
@Jatka Bandi sarcasm? 

[Jatka Bandi]

2 hours ago, Sonu_Patel said:

go and check my posts back in 2022. I was always against buying home since 2022. 

chala stories vesa.. @Konebhar6 @Aquaman saakshiga. 

vallani sampeddam ani decide ayinav le 

[Jatka Bandi]

59 minutes ago, Konebhar6 said:

Yes you were the poster boy for ppl against FOMO home buying. 
@Jatka Bandi sarcasm? 

nenu db ki enduku vasta? Malli edava clarifications