sage Posted February 8, 2022 Report Share Posted February 8, 2022 Many people saying 2008 wont repeat they have taken care. The problems in any field , personal life and things are like variants of corona, you give vaccine for one variant , new one is born. The major measurement by banks is not giving loans to induvial to buy multiple homes. Last time they gave loans without salary and proper credit checks and that was major disaster as even $10 per hour person also bought multiple homes and was not able to pay loans. this time that might not happen. 1 major problem i see is the inflation is rising other costs in home by multiple times and low income areas might be the most effected. 2nd if the housing interest rates increase, many might not qualify for loans as their premiums go up. 3 rd people who invested in stocks their portfolios became half, how are they going to pay down payment and close houses. 4. what happens to bank loans if the value of house decreases in future. Quote Link to comment Share on other sites More sharing options...
3vikram Posted February 8, 2022 Report Share Posted February 8, 2022 Valid points, only time will answer..!! Quote Link to comment Share on other sites More sharing options...
Swatkat Posted February 8, 2022 Report Share Posted February 8, 2022 42 minutes ago, sage said: Many people saying 2008 wont repeat they have taken care. The problems in any field , personal life and things are like variants of corona, you give vaccine for one variant , new one is born. The major measurement by banks is not giving loans to induvial to buy multiple homes. Last time they gave loans without salary and proper credit checks and that was major disaster as even $10 per hour person also bought multiple homes and was not able to pay loans. this time that might not happen. 1 major problem i see is the inflation is rising other costs in home by multiple times and low income areas might be the most effected. 2nd if the housing interest rates increase, many might not qualify for loans as their premiums go up. 3 rd people who invested in stocks their portfolios became half, how are they going to pay down payment and close houses. 4. what happens to bank loans if the value of house decreases in future. Please confirm experts @Spartan @Vaampire also please confirm nibba/nibbi@Fish Quote Link to comment Share on other sites More sharing options...
Popular Post anna_gari_maata Posted February 8, 2022 Popular Post Report Share Posted February 8, 2022 2008 was death by hanging, very noisy 2022 is death by injection, very smooth 2 1 Quote Link to comment Share on other sites More sharing options...
chandrabhai7 Posted February 8, 2022 Report Share Posted February 8, 2022 Another reason major correction or recession is for sure now the reason for raise of home prices they are saying it’s low inventory what happens when inventory goes up. No one will answer that. When you buy 700K it’s ok if the home price doesn’t go up that much but the moment it goes down let’s say 650k people see this as big loss because you are paying interest on 700k @5%. It may not like immediate recession but pekA medalu alane start avtay Quote Link to comment Share on other sites More sharing options...
sureshkonda Posted February 8, 2022 Report Share Posted February 8, 2022 people have too much cash in their accounts. recession had already passed. trump thatha gave free money to avoid the disaster. Quote Link to comment Share on other sites More sharing options...
anna_gari_maata Posted February 8, 2022 Report Share Posted February 8, 2022 1 minute ago, chandrabhai7 said: Another reason major correction or recession is for sure now the reason for raise of home prices they are saying it’s low inventory what happens when inventory goes up. No one will answer that. When you buy 700K it’s ok if the home price doesn’t go up that much but the moment it goes down let’s say 650k people see this as big loss because you are paying interest on 700k @5%. It may not like immediate recession but pekA medalu alane start avtay appudu edo shortage ani cheptaru ... like timber, builder shortage etc Quote Link to comment Share on other sites More sharing options...
Sucker Posted February 8, 2022 Report Share Posted February 8, 2022 2 minutes ago, sureshkonda said: people have too much cash in their accounts. recession had already passed. trump thatha gave free money to avoid the disaster. Yenni kompa lu konnav baa Quote Link to comment Share on other sites More sharing options...
chandrabhai7 Posted February 8, 2022 Report Share Posted February 8, 2022 2 minutes ago, sureshkonda said: people have too much cash in their accounts. recession had already passed. trump thatha gave free money to avoid the disaster. Lol 😂 too much aa nee laga 3 jobs chestey baunnu ba Andaru. Think about 90% where they work day jobs like regular restaurants, retails etc Quote Link to comment Share on other sites More sharing options...
sureshkonda Posted February 8, 2022 Report Share Posted February 8, 2022 5 minutes ago, Sucker said: Yenni kompa lu konnav baa nee laga 4 jobs chesthu 100 kompalu konale bro. Quote Link to comment Share on other sites More sharing options...
sureshkonda Posted February 8, 2022 Report Share Posted February 8, 2022 5 minutes ago, chandrabhai7 said: Lol 😂 too much aa nee laga 3 jobs chestey baunnu ba Andaru. Think about 90% where they work day jobs like regular restaurants, retails etc Those people dont buy homes in expensive places bro. They live in apartments. Quote Link to comment Share on other sites More sharing options...
Sucker Posted February 8, 2022 Report Share Posted February 8, 2022 Just now, sureshkonda said: nee laga 4 jobs chesthu 100 kompalu konale bro. I didn't buy any don't want baa. Quote Link to comment Share on other sites More sharing options...
a_sagittarian Posted February 8, 2022 Report Share Posted February 8, 2022 7 minutes ago, chandrabhai7 said: Lol 😂 too much aa nee laga 3 jobs chestey baunnu ba Andaru. Think about 90% where they work day jobs like regular restaurants, retails etc Is it 90% ? Quote Link to comment Share on other sites More sharing options...
Vaampire Posted February 8, 2022 Report Share Posted February 8, 2022 Even i want to know. okka pani cheddam. Time machine kanipetti 2025-30 ki velli vadham. Full clarity vasthadi. jokes apart, 2008 kind of thing is not possible now. But 10-15% correction is possible. Depends on inventory too Quote Link to comment Share on other sites More sharing options...
a_sagittarian Posted February 8, 2022 Report Share Posted February 8, 2022 2 minutes ago, sureshkonda said: Those people dont buy homes in expensive places bro. They live in apartments. Why should they ? House price should be affordable to every one right. India la tayaravtundi enti Quote Link to comment Share on other sites More sharing options...
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