Example of current housing market

[Spartan]

Just now, BommaliNinnodhala said:

9months ayinda 1st house— 2nd house loan ostada ?

 

6 minutes ago, megadheera said:

Appude second house ki ready aipoinava..oh my god pk

yeah manchidi dorikite teskundam ani 

[Fish]

Just now, Spartan said:

 

yeah manchidi dorikite teskundam ani 

oka house naaku daanam cheyara 

[BommaliNinnodhala]

4 minutes ago, Spartan said:

 

yeah manchidi dorikite teskundam ani 

Loan application lo — have you been approved for mortgage loan in the last two years ane point untadi kada — ala unte malli istaara?

[FLraja]

1 hour ago, csrcsr said:

rofl bro nuvu joke estunavu emo last two months it was comedy, looks at the below houses he bought and th value he sold in interior outskirts of bay area 

end of 2017 ante almost 2018 he bought for 838 and sold for 2mn lats m onth just for example ilanti stories kuppalu kuppalu 

some people bought for 580 and sold for 1.3 just i pandameic

 

https://www.compass.com/listing/1103-south-crawford-drive-mountain-house-ca-95391/993808562648761313/?origin=listing_page&origin_type=copy_url

 

Date	Event & Source	Price	Appreciation
Apr 8, 2022	Sold RESFAR #222024652	$2,000,000	—
Apr 8, 2022	Sold REMETROLIST #222024652	$2,000,000	—
Mar 22, 2022	Sold (Public Record) Public Record #1487513772	$2,000,000	+22.7% / yr
Mar 9, 2022	Pending REMETROLIST #222024652		—
Mar 9, 2022	Pending RESFAR #222024652		—
Mar 2, 2022	Listed (Active) REMETROLIST #222024652	$1,498,500	—
Mar 2, 2022	Listed (Active) RESFAR #222024652	$1,498,500	—
Dec 17, 2017	Sold (Public Record) Public Record #613522872	$838,000

 

 

Burst avutaru , how? I will explain 

Tomorrow you buy for 2 M @ 5.25% interest

aftter 2 years interest falls to 2% but home price falls little like 1.8 M

you try to refi but you cant unless you pay down payment again and pay closing costs

you are stuck with high price and high apr

if for any reason you loose job or move  to east coast , you sell for loss

[Manishican]

Looking at this insane home price increase, federal interest prices need to go beyond 3%+ from current 1%

[Spartan]

14 minutes ago, BommaliNinnodhala said:

Loan application lo — have you been approved for mortgage loan in the last two years ane point untadi kada — ala unte malli istaara?

that shouldnt matter as long as u can provide the funds and down payment. rental chipinchochu

[MRI]

3 hours ago, csrcsr said:

Bagundi bro very nice lot and home olus san ramon I think yaa 2.1 vachina tisuko bro if u can afford san ramon manchi demand untadi kada

teesukunnaka ikkada cheppamani kooda cheppu.. siggu lekunda andaram okey raatri sitting ki podaam.. Vaampire half boiled omelets baga vestadanta.

[csrcsr]

28 minutes ago, FLraja said:

Burst avutaru , how? I will explain 

Tomorrow you buy for 2 M @ 5.25% interest

aftter 2 years interest falls to 2% but home price falls little like 1.8 M

you try to refi but you cant unless you pay down payment again and pay closing costs

you are stuck with high price and high apr

if for any reason you loose job or move  to east coast , you sell for loss

avutaro kaado naaku teliyadu bayya maraket ala puitchi [pitchi ga unde last quarter ani cehptuna

[Vaampire]

1 hour ago, Spartan said:

chustunna in case manchi loadedd house vastada ani 2 varaku.. Dublin Pleasanton and San Ramon lo

Vasthey cheppu. Neekanna okka $ ekkuva ki offer rastha 😀😀

[Vaampire]

52 minutes ago, FLraja said:

Burst avutaru , how? I will explain 

Tomorrow you buy for 2 M @ 5.25% interest

aftter 2 years interest falls to 2% but home price falls little like 1.8 M

you try to refi but you cant unless you pay down payment again and pay closing costs

you are stuck with high price and high apr

if for any reason you loose job or move  to east coast , you sell for loss

Interest rate 2% ki padithey house prices rocket avuthayi kaani paduthaya?

[megadheera]

59 minutes ago, BommaliNinnodhala said:

Loan application lo — have you been approved for mortgage loan in the last two years ane point untadi kada — ala unte malli istaara?

Doesn’t matter. As long as your debt to income ratio is good and good credit history they will give you any number of loans

[megadheera]

6 minutes ago, Vaampire said:

Vasthey cheppu. Neekanna okka $ ekkuva ki offer rastha 😀😀

Saripoyindi…ila start ayye bidding wars ki vellinayi. 

[Vaampire]

Just now, megadheera said:

Saripoyindi…ila start ayye bidding wars ki vellinayi. 

Anthey vayya maa lanti homeless people antey chulakaney

[Manishican]

It will take at least 1.5 years to 2 years for market to come to close to pre-covid level as new homes are built and interest rates are up

[areyentiraidhi]

1 hour ago, Spartan said:

@Vaampire ivale open house veli vacha a intiki... 

entrace crooked ga anipinchindi street ki...

i prefer flat faced homes on road side...2M pedite koncham grand ga undali.

my current home has 80ft face road facing

Nice. Single income tho 2 house payments ante great bro