Recent home buyers with 5% down payment unnara

[gudboy]

1 hour ago, Sonu_Patel said:

oka 6 months wait seyyi ba.. anni moggalu puvvulai raali pothai chudu

ela avuthai adi kuda cheppu...ala moggalu puvvulainapudu...nee mogga ki pack aithadi illu konali ante and appudu nuvvu inko trans lo loki velthav

[ForEverJava]

On 7/10/2023 at 9:03 PM, Sonu_Patel said:

 

Recently married young couples buying homes worth 850k with just 5% down!

ah hefty monthly payments ela afford chestunnaru saami !!

Meeko Dandam

This is the core problem with our community not just now from decades..manam edagam inkonni edaganivvam..porapatuna edigina orvalem..... nuvvu em chesi konalo choodu ..pakkodu em chestundo neeku enduku..vadu repu adukku tinte nuvvu addukku tintava..

[Chittoorodu]

On 7/10/2023 at 11:39 AM, thanks said:

Explain pls

Multiple factors can go wrong if you are not a resident

- Change of employer, you would not want to limit yourself to one metro for a job when on H1
- PMI with current mortgage rates is surely a bite
- Visa issues can put you in a limbo

[Sonu_Patel]

21 hours ago, ForEverJava said:

This is the core problem with our community not just now from decades..manam edagam inkonni edaganivvam..porapatuna edigina orvalem..... nuvvu em chesi konalo choodu ..pakkodu em chestundo neeku enduku..vadu repu adukku tinte nuvvu addukku tintava..

i think you are mis interpreting the post content ba.. 

Newly married couple with out kids ki antha liability teskovadam enduku ani na yokka idi. 

More over, I see any one who make that 5% down payment are not financially disciplined to take up such hefty payment monthly. 

All i can say is this will brew up for a Housing default/bankruptcy. 

[Sonu_Patel]

22 hours ago, gudboy said:

ela avuthai adi kuda cheppu...ala moggalu puvvulainapudu...nee mogga ki pack aithadi illu konali ante and appudu nuvvu inko trans lo loki velthav

here are the factors:

- Mortgage Interest rate can potentially spike up to 8-9%

- Housing inventory can pile up. 

- More Sellers in the market than Buyers. 

- Affordability factor kuda chusukovali ba.. 

[Sonu_Patel]

23 hours ago, AreyOSamba said:

Nenem personal gaa teesukoledhu baa. You are making it personal by comparing the payments of others

I did not make any personal comments ba.. okasari look at your comments and my comments.. 

generalized ga Affordabiltiy post idi.. na abhipraayam nenu vesa.. freedom of speech undi ga db lo.. malla edustunna antaav.. Nenu konoddu anadam ledu but i am sensing some financial planning issues with desi's because of what ever reasons like peer pressure, pellam torture, athmagouravam, ethulu kothadaniki or whatever.

 

 

[ARYA]

3 minutes ago, Sonu_Patel said:

I did not make any personal comments ba.. okasari look at your comments and my comments.. 

generalized ga Affordabiltiy post idi.. na abhipraayam nenu vesa.. freedom of speech undi ga db lo.. malla edustunna antaav.. Nenu konoddu anadam ledu but i am sensing some financial planning issues with desi's because of what ever reasons like peer pressure, pellam torture, athmagouravam, ethulu kothadaniki or whatever.

 

 

Kotha illu teskunava anta ga 

[Sonu_Patel]

3 minutes ago, ARYA said:

Kotha illu teskunava anta ga 

[AreyOSamba]

11 minutes ago, Sonu_Patel said:

I did not make any personal comments ba.. okasari look at your comments and my comments.. 

generalized ga Affordabiltiy post idi.. na abhipraayam nenu vesa.. freedom of speech undi ga db lo.. malla edustunna antaav.. Nenu konoddu anadam ledu but i am sensing some financial planning issues with desi's because of what ever reasons like peer pressure, pellam torture, athmagouravam, ethulu kothadaniki or whatever.

 

 

Oriloo vaala gurinchi manakenduku basu. 
If it is atleast your friend, Adagochu. 

[Ravi860]

31 minutes ago, Sonu_Patel said:

here are the factors:

- Mortgage Interest rate can potentially spike up to 8-9%

- Housing inventory can pile up. 

- More Sellers in the market than Buyers. 

- Affordability factor kuda chusukovali ba.. 

anna 8-9% sure antava 

[Sonu_Patel]

25 minutes ago, Ravi860 said:

anna 8-9% sure antava 

pakka ba.. 

[ARYA]

49 minutes ago, Sonu_Patel said:

nijame anna maata 

[gudboy]

1 hour ago, Sonu_Patel said:

here are the factors:

- Mortgage Interest rate can potentially spike up to 8-9%

- Housing inventory can pile up. 

- More Sellers in the market than Buyers. 

- Affordability factor kuda chusukovali ba.. 

1) why will people who refinanced for less thank 3% list their house for sale when they can rent it and make money.

2) builders have become smart to control new inventory

3) house market will go into pause for sometime but once interest rates start coming down remember you will again be competing with bidders.

if you are looking to buy a house for a pre-pandemic price then god bless you dude...

 

[Sonu_Patel]

24 minutes ago, gudboy said:

1) why will people who refinanced for less thank 3% list their house for sale when they can rent it and make money.

2) builders have become smart to control new inventory

3) house market will go into pause for sometime but once interest rates start coming down remember you will again be competing with bidders.

if you are looking to buy a house for a pre-pandemic price then god bless you dude...

 

1) Recent home buyers ani clear ga post esina ga ba.. malla nuvvochi 2-3 year back konnolla gurunchi matladthaav malla. 

2) I agree builders have all controls but you will also should understand there are market expectations as a public company to show revenues. They cannot control it for longer periods especially when there is a higher interest rate situation. 

3) house market will undergo some normalization where buyers get opportunities to get into the market with bargain prices.

pre pandemic prices ochey chance ae ledu ba.. i am saying the homes will be sold based on the actual value vs the inflated values. 

[Fish]

1 hour ago, gudboy said:

1) why will people who refinanced for less thank 3% list their house for sale when they can rent it and make money.

2) builders have become smart to control new inventory

3) house market will go into pause for sometime but once interest rates start coming down remember you will again be competing with bidders.

if you are looking to buy a house for a pre-pandemic price then god bless you dude...

 

Couldn’t resist replying….correction is inevitable because govt dumped too much money into the market 

1. even they give for rent, rents antha high undaali to cover their mortgage payments. Last correction lo rents fell by 30%

2. even if builders can control still there are other factors like unemployment

3.if things pause, correction will also pause. That’s what we are seeing from last one year, elections ayye varaku ila pause lone untaam. 

Pre pandemic prices will come but interest rates will be very high, it might take another 3 years. 

Last recession analyze chesthe, it took 3-5 years for housing market to correct from the peak. So we cannot say anything currently because market is still at its highest.