Manishican Posted March 5, 2023 Report Share Posted March 5, 2023 Sahasame to Buy High priced home at high interest rates now Quote Link to comment Share on other sites More sharing options...
*Prince Charming Posted March 5, 2023 Report Share Posted March 5, 2023 1 hour ago, Manishican said: Sahasame to Buy High priced home at high interest rates now What's a high price in the current economic situation? @csrcsr. @Ravi860 @Complex. @matta_prabhu @ARYA Quote Link to comment Share on other sites More sharing options...
krishnaaa Posted March 6, 2023 Report Share Posted March 6, 2023 On 3/4/2023 at 3:28 PM, Peruthopaniemundhi said: 1. house prices soared by big percentage from 2019 to mid 2022. They started to reduce Q4 2022. A house worth of $400k (2019) is sold at $600k in early to mid 2022 + bidding. Now the same home is sold for $550k with no bidding. If they reduce it to $530k + appliances, people are starting bidding war. Example Charlotte, Fuquay varina, apex in NC. 2. There are lot of active buyers in the markets who are on the fence holding cash and watching the house prices trend from past 2-3 years. When ever they see a price reduction they are jumping in. This is a new change corona bought us. 3. Many folks got GC last year, they completely stopped investing india and buying homes here. 4. Folks on H1 are holding cash and deciding where to invest, with rupee value depreciating, appreciation in Indian market does not seems to be adding a value. 5. With multiple jobs, people are holding lot off cash, folks minimized investing in stocks due to economy situation. 6. This trend of co-buyer investing is increasing where 2 friends are buying either single family or town home and renting. For investment home to get a decent interest rate we need 25% down, if it is a single buyer it makes difficult to invest for 2 buyers it makes lot easier. 7. 3-4 years back people use to buy homes atleast when they got GC EAD, ippudu H1 lottery lo pick ayindhi antae chalu paying earnest money to seller. Moreover number of students coming to masters is doubled. So, how ever noise we make, people don’t stop buying Tesla cars and homes atleast in North Carolina, Texas, Atlanta area… @Undilaemanchikalam, nice analysis bro.. Stupidest analysis I have ever heard. These idiots are the reason for recession. Basic point is that recession happens when situation takes a U turn. All the factors you said has already been priced in. Wait till end of year and these fools will be the first to cry. Never follow mass hysteria....you will get burnt. Quote Link to comment Share on other sites More sharing options...
manchulomajjiga Posted March 6, 2023 Report Share Posted March 6, 2023 15 minutes ago, krishnaaa said: Stupidest analysis I have ever heard. These idiots are the reason for recession. Basic point is that recession happens when situation takes a U turn. All the factors you said has already been priced in. Wait till end of year and these fools will be the first to cry. Never follow mass hysteria....you will get burnt. Ante enti bhayya you were saying real estate will come down ? Quote Link to comment Share on other sites More sharing options...
Ravi860 Posted March 6, 2023 Report Share Posted March 6, 2023 Meeru enni matladina people still buying.. started to see base prices go up in crazy markets like Austin. No idea what’s going on Quote Link to comment Share on other sites More sharing options...
Ravi860 Posted March 6, 2023 Report Share Posted March 6, 2023 2 hours ago, *Prince Charming said: What's a high price in the current economic situation? @csrcsr. @Ravi860 @Complex. @matta_prabhu @ARYA Anything one can’t afford Quote Link to comment Share on other sites More sharing options...
krishnaaa Posted March 6, 2023 Report Share Posted March 6, 2023 13 minutes ago, manchulomajjiga said: Ante enti bhayya you were saying real estate will come down ? For sure. Quote Link to comment Share on other sites More sharing options...
Netflixmovieguz Posted March 6, 2023 Report Share Posted March 6, 2023 4 minutes ago, Ravi860 said: Meeru enni matladina people still buying.. started to see base prices go up in crazy markets like Austin. No idea what’s going on Bluffviewaaa Ravi Quote Link to comment Share on other sites More sharing options...
krishnaaa Posted March 6, 2023 Report Share Posted March 6, 2023 4 minutes ago, Ravi860 said: Meeru enni matladina people still buying.. started to see base prices go up in crazy markets like Austin. No idea what’s going on Loll...have patience. Quote Link to comment Share on other sites More sharing options...
manchulomajjiga Posted March 6, 2023 Report Share Posted March 6, 2023 15 minutes ago, krishnaaa said: Loll...have patience. Adhi ledu le janalaki ! E two years lo vachina appreciation chusi everyone is jumping into the sea ! When they realize that appreciation is not going to be same and higher rate they are paying for frogs will start jumping out of the well ! Mana vallaki profit vundadu anna next minute things will take a very bad u turn 2 Quote Link to comment Share on other sites More sharing options...
Ravi860 Posted March 6, 2023 Report Share Posted March 6, 2023 1 hour ago, Netflixmovieguz said: Bluffviewaaa Ravi Palmera ridge and park side on river Quote Link to comment Share on other sites More sharing options...
Netflixmovieguz Posted March 6, 2023 Report Share Posted March 6, 2023 39 minutes ago, Ravi860 said: Palmera ridge and park side on river Inventory shortage. Takes couple of years to come out of the shortage inventory caused between 2020-2022 Quote Link to comment Share on other sites More sharing options...
Bears Posted March 8, 2023 Report Share Posted March 8, 2023 Bhayya, simple logic why real estate housing market won’t crash: 1)Supply vs Demand: The current supply is still way lower than pre pandemic levels, It takes years to meet this rising demand and won’t happen in near future. 2)People have lot of cash in bank accounts and are just waiting to invest, This is again because the unemployment is not high, People are easily finding jobs in this market. 3)People are fed up playing the waiting game for last 3 years due to bidding war, Now they realized that there is no bidding and slowly changing their mindset that interest rates won’t go down anytime sooner and buying the homes. Quote Link to comment Share on other sites More sharing options...
Variety_Pullayya Posted March 8, 2023 Report Share Posted March 8, 2023 1 minute ago, Bears said: Bhayya, simple logic why real estate housing market won’t crash: 1)Supply vs Demand: The current supply is still way lower than pre pandemic levels, It takes years to meet this rising demand and won’t happen in near future. 2)People have lot of cash in bank accounts and are just waiting to invest, This is again because the unemployment is not high, People are easily finding jobs in this market. 3)People are fed up playing the waiting game for last 3 years due to bidding war, Now they realized that there is no bidding and slowly changing their mindset that interest rates won’t go down anytime sooner and buying the homes. bidding is the worst. without much time, bidding causes buyers to shell out 100k to 150k more just because of demand from others. happens within a days time Quote Link to comment Share on other sites More sharing options...
krishnaaa Posted March 8, 2023 Report Share Posted March 8, 2023 9 hours ago, Bears said: Bhayya, simple logic why real estate housing market won’t crash: 1)Supply vs Demand: The current supply is still way lower than pre pandemic levels, It takes years to meet this rising demand and won’t happen in near future. 2)People have lot of cash in bank accounts and are just waiting to invest, This is again because the unemployment is not high, People are easily finding jobs in this market. 3)People are fed up playing the waiting game for last 3 years due to bidding war, Now they realized that there is no bidding and slowly changing their mindset that interest rates won’t go down anytime sooner and buying the homes. Thokka...constructions are happening at record levels. Multi family supply will increase exponentially which will reduce rents and this will put pressure on home prices. Population isn't increasing. Lot of investor homes which they will dump when companies like Opendoor go bankrupt. Layoffs are happening. Return to office/layoffs leading to second jobs loss. People took out debt and invested in stockmarket which is down now. Chinese investors liquidating due to new rules. Majority of homes are being held by senior citizens and they are moving to nursery homes since covid has gone back down. Inka reasons kavala? 1 Quote Link to comment Share on other sites More sharing options...
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