Home Builders playing a cunning game

[meri_zindagi]

30 minutes ago, tennisluvrredux said:

Old homes ki vaasthu undadanna plus East facing undakapovachu. 

Vaasthu leka, illu EAST facing lekunda, endukanna antha dabbulu paaresthamu. 

 

South facing also equally good no. Why too much demand for east facing?

[Peruthopaniemundhi]

51 minutes ago, veerigadu said:

Where? City enti

Cary, NC.

[pakeer_saab]

1 hour ago, Android_Halwa said:

Haha..! Home builders are just preparing for slow down and nothing else. New homes will hardly matter now because older homes will flood the market…the mad rush to sell homes before prices cool down will push more and more people to start listing their homes..

Infact new homes will have cut throat completion from newly build homes in the last 3-5 years. 
 

Its fun now….mazaa aayega abhi. Foreclosures modalaitayi…

existing home owners (bought before 2020) have enough equity to hold on even if there is 15% reduction in home values

people who bought in 2021 are the bakras, they will be in negative equity

as long as jobs are there, i dont see foreclosures

where do you think foreclosures would come from? bought before 2020 or in 2021

[perugu_vada]

Construction hold cheyatam ante Antha easy kadu .. it adds up lot of money to their construction cost .. inventory order chesi contractors ki ichesi ready untaru .. hold chesthe kuda they lose lot of money .. 

Invest, buy, borrow, construct, sale .. is their process.. indhulo ye okka stage lo slow aina bokka padutundi valla ki 

somebody will take a hit for sure.. that’s the idea behind slowing down inflation .. demand must be less than supply.. only then rebates/discounts osthay products medha 

[perugu_vada]

3 minutes ago, pakeer_saab said:

existing home owners (bought before 2020) have enough equity to hold on even if there is 15% reduction in home values

people who bought in 2021 are the bakras, they will be in negative equity

as long as jobs are there, i dont see foreclosures

where do you think foreclosures would come from? bought before 2020 or in 2021

2021 lo sign up chesina vallu shall be fine .. 2022 valla ki baga impact untundi .. bcos end-of 2021 and beginning of 2022 lo in austin region,, there were biddings of over 150-190k .. 

[pakeer_saab]

2 minutes ago, perugu_vada said:

2021 lo sign up chesina vallu shall be fine .. 2022 valla ki baga impact untundi .. bcos end-of 2021 and beginning of 2022 lo in austin region,, there were biddings of over 150-190k .. 

anyone who overbid for buying home in 2021 also fall into same category, they will never be able to realize their overbid amount in home values in future for at least 5 yrs

[manadonga]

2 hours ago, Android_Halwa said:

Haha..! Home builders are just preparing for slow down and nothing else. New homes will hardly matter now because older homes will flood the market…the mad rush to sell homes before prices cool down will push more and more people to start listing their homes..

Infact new homes will have cut throat completion from newly build homes in the last 3-5 years, forcing builders to offer incentives and reduce the prices.
 

Its fun now….mazaa aayega abhi. Foreclosures modalaitayi…

This is right. 
town homes are giving incentives like 2 yr no hoa kike 10000$off 400$ per month  inka rates taggincha ledu. All are invetory homes now in market so everybody is rush to sell. 
market eill crash in 3 months in dallas becuase so many are signed multiple homes and feel that they will sell fast with some margin

 

2 hours ago, veerigadu said:

They stopped or halted most new constructions across the country. So that housing prices will not go down.

This is turning out to be more fun now 

Better to buy reasonably old ones than chasing after brand new ones 

This will not workout they will have to pay taxes and for exisiting lots and homes  

if they stop new construction everybody will will choose other works and not easy to get labour after 1 or 2 yrs. Or keep them without pay is not easy 

[perugu_vada]

35 minutes ago, pakeer_saab said:

anyone who overbid for buying home in 2021 also fall into same category, they will never be able to realize their overbid amount in home values in future for at least 5 yrs

bottom line is .. peer pressure tho evaraithe konnaaro .. thinking that they can have 2 pay checks .. vaallu pressure feel authaaru .. those who have cash in their pocket .. overbid chesi konna .. they will recover it over the time .. becos they are not going to sell it .. 

[veerigadu]

57 minutes ago, perugu_vada said:

bottom line is .. peer pressure tho evaraithe konnaaro .. thinking that they can have 2 pay checks .. vaallu pressure feel authaaru .. those who have cash in their pocket .. overbid chesi konna .. they will recover it over the time .. becos they are not going to sell it .. 

Everyone who indulged in bidding will feel betrayed. They yielded to pressure. Now the bidding wars are thing of past 

[TechAdvice]

4 hours ago, veerigadu said:

They stopped or halted most new constructions across the country. So that housing prices will not go down.

This is turning out to be more fun now 

Better to buy reasonably old ones than chasing after brand new ones 

They are halting bcuz demand is going down .. if u r a builder u will do the same 

[Android_Halwa]

1 hour ago, pakeer_saab said:

as long as jobs are there, i dont see foreclosures

where do you think foreclosures would come from? bought before 2020 or in 2021

When the economy goes down, it takes everybody down. Especially jobs.

Homes bought before 2020 are quite okay as they might have already built 10-15% equity but that does not mean they will be safe. Indian homeowners may still be able to cross the mark but imagine other populace who do paycheck to paycheck, someone loses their job and defaults by few months etc. High inflation, cutting down on jobs, habitual comforts, work culture etc will push people to capitalize on their equity and in turn push their homes to foreclosures.

The biggest worry will be credit history. Last time such a crisis happened, most people did not have to worry about their credit history as much as we do today. 

 

[Android_Halwa]

2 minutes ago, TechAdvice said:

They are halting bcuz demand is going down .. if u r a builder u will do the same 

They cannot halt. If they halt, they will go bankrupt. They will slow down a bit and incentivise the home sales but will not halt.

[hotmaddy]

3 hours ago, meri_zindagi said:

South facing also equally good no. Why too much demand for east facing?

South bad… North good

[TechAdvice]

39 minutes ago, Android_Halwa said:

They cannot halt. If they halt, they will go bankrupt. They will slow down a bit and incentivise the home sales but will not halt.

They will finish what they started but they won’t start building new I meant 

[sureshkonda]

200k cash unte eppudu konna safe.  interest rates ups and downs will always be there. you can always refinance later