A place to discuss all things ADM
08-07-2022, 03:13 PM
#1876
Your correct, and all examples will cut differently. In my little ones case even with the higher interest rate her mortgage is actually cheaper than the the house that was priced over with the lower rate. My coaching for her was really around don’t buy just because you can in a bad market, and now she’s jumping for joy …….more house and better area for less on the monthly. She an outlier but she did well, and she’s proud of herself at 26. She will be out of that house in 5-6 years, and not much worry about being under water.
I think you said she started looking 6 mo ago and rates were already ~4% with prices still peak, so it was an even better choice to wait it out
the “list on Friday, sell on Monday @ 20% over” days are over and I’m glad, I think many have regrets getting tied up into that rat race
08-07-2022, 03:16 PM
#1877
I started look for a home in May when the market was on fire, everything that was 'good' in the area I wanted would sell in a weekend for easily 20-50k over asking.
I said **** and just held off, now I'm getting all these zillow price drop notices and new homes, that if this was 2 or so month ago they wouldn't have lasted a weeked, and not they're just sitting.
I said **** and just held off, now I'm getting all these zillow price drop notices and new homes, that if this was 2 or so month ago they wouldn't have lasted a weeked, and not they're just sitting.
The following users liked this post:
Azzurri GT3 (08-07-2022)
08-07-2022, 03:17 PM
#1878
I'm in Columbus, Ohio and it's pretty much the same about 5% drop, I haven't checked the transaction becuase the ones I get notices for haven't sold, lol
08-07-2022, 03:17 PM
#1879
good parenting/coaching! She also in TX?
I think you said she started looking 6 mo ago and rates were already ~4% with prices still peak, so it was an even better choice to wait it out
the “list on Friday, sell on Monday @ 20% over” days are over and I’m glad, I think many have regrets getting tied up into that rat race
I think you said she started looking 6 mo ago and rates were already ~4% with prices still peak, so it was an even better choice to wait it out
the “list on Friday, sell on Monday @ 20% over” days are over and I’m glad, I think many have regrets getting tied up into that rat race
We’re in GA
08-07-2022, 03:19 PM
#1880
08-07-2022, 03:21 PM
#1881
same here. See lots of back on market houses lol.
08-07-2022, 03:25 PM
#1882
The following users liked this post:
Azzurri GT3 (08-07-2022)
08-07-2022, 03:34 PM
#1883
08-07-2022, 04:04 PM
#1884
The following 2 users liked this post by usctrojanGT3:
Maverick787 (08-07-2022),
neoprufrok (08-07-2022)
08-07-2022, 04:24 PM
#1885
I started look for a home in May when the market was on fire, everything that was 'good' in the area I wanted would sell in a weekend for easily 20-50k over asking.
I said **** and just held off, now I'm getting all these zillow price drop notices and new homes, that if this was 2 or so month ago they wouldn't have lasted a weeked, and now they're just sitting.
I said **** and just held off, now I'm getting all these zillow price drop notices and new homes, that if this was 2 or so month ago they wouldn't have lasted a weeked, and now they're just sitting.
08-07-2022, 05:38 PM
#1886
Burning Brakes
The other important issue besides price is time/ which is disappearing with every passing day for all of us…… do you have time to wait for lower prices - at some age money becomes less important than time….
08-08-2022, 03:40 AM
#1887
Geez this thread has gotten way off topic. People were upset that there was a couple messages about G Wagon pricing, now this is a housing thread? At least the G wagon discussion was more relevant to vehicle prices.
08-08-2022, 08:54 AM
#1888
It’s better than watching the news, and it all ties together. Watches and food will be next ……..😎
08-08-2022, 09:16 AM
#1889
08-08-2022, 11:35 AM
#1890