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ABM

ABM

Happily Married In Music City, USA!
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I'm pretty glad we sold, then bought, when we did. Lete last year. This crazy inflation situation might upset the whole market.

Will interest rates hit 6% (and higher)?!!
 
We are presently getting fucked. We're pending on a house that we're not really in love with, but it meets our needs. It's about 40k more than we wanted to spend though, on a house that size. We listed our house last Thursday and haven't had a single offer..... and we listed for 30-40k below what other houses have listed for in our area with similar size/condition/age.

There are five houses that all came on the market in our area last weekend and none of them are pending. The market is not good. Nobody is buying. Rates are above 5%. We are thinking about just folding our cards and sticking with our current house until things calm down in a few years.
 
Natebishop3 said:
We are presently getting fucked. We're pending on a house that we're not really in love with, but it meets our needs. It's about 40k more than we wanted to spend though, on a house that size. We listed our house last Thursday and haven't had a single offer..... and we listed for 30-40k below what other houses have listed for in our area with similar size/condition/age.

There are five houses that all came on the market in our area last weekend and none of them are pending. The market is not good. Nobody is buying. Rates are above 5%. We are thinking about just folding our cards and sticking with our current house until things calm down in a few years.
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Actually, that might be a very good idea. All things considered.
 
Natebishop3 said:
We are presently getting fucked. We're pending on a house that we're not really in love with, but it meets our needs. It's about 40k more than we wanted to spend though, on a house that size. We listed our house last Thursday and haven't had a single offer..... and we listed for 30-40k below what other houses have listed for in our area with similar size/condition/age.

There are five houses that all came on the market in our area last weekend and none of them are pending. The market is not good. Nobody is buying. Rates are above 5%. We are thinking about just folding our cards and sticking with our current house until things calm down in a few years.
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Do you happen to be in NE?
 
ABM said:
You're such the slut! :)
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I'm on travel mode, not settle down and get a house mode right now. Unless the right situation presents itself, not gonna do anything.

I don't even know if I want to live in Vegas. Its just close to California and I can get a decent sized house for cheap and I actually like shit off the strip. Lots of great Korean BBQ!
 
SlyPokerCat said:
Of course you would slut shame someone.

@el president can sleep around as much and often as he wants.
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Of course. And whoever said it was shameful, oh ye of many perches?
 
Natebishop3 said:
We are presently getting fucked. We're pending on a house that we're not really in love with, but it meets our needs. It's about 40k more than we wanted to spend though, on a house that size. We listed our house last Thursday and haven't had a single offer..... and we listed for 30-40k below what other houses have listed for in our area with similar size/condition/age.

There are five houses that all came on the market in our area last weekend and none of them are pending. The market is not good. Nobody is buying. Rates are above 5%. We are thinking about just folding our cards and sticking with our current house until things calm down in a few years.
Click to expand...

Probably a smart move, especially if you don't love the new house. I'd just low ball them 40k under and see what they say. Maybe the market is bad for them too, but then you have to sell your house you live in.
 
I'm glad we got locked in at an interest rate before they started to rise. Helped that we didn't have a house we had to sell after buying. Might make sense to stay put and just start paying it down as much as possible. Or use the money to remodel/build out.
 
Natebishop3 said:
We are presently getting fucked. We're pending on a house that we're not really in love with, but it meets our needs. It's about 40k more than we wanted to spend though, on a house that size. We listed our house last Thursday and haven't had a single offer..... and we listed for 30-40k below what other houses have listed for in our area with similar size/condition/age.

There are five houses that all came on the market in our area last weekend and none of them are pending. The market is not good. Nobody is buying. Rates are above 5%. We are thinking about just folding our cards and sticking with our current house until things calm down in a few years.
Click to expand...

As a realtor, I will say even at 5% these are still historically low rates. I am in Central Oregon, so a little different market, but haven't seen a slow down yet. I would not be to quick to pull the house off the market, unless the new rates are going to price you out of the market.
 
twobullz said:
As a realtor, I will say even at 5% these are still historically low rates. I am in Central Oregon, so a little different market, but haven't seen a slow down yet. I would not be to quick to pull the house off the market, unless the new rates are going to price you out of the market.
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Are you near Bend?
 
twobullz said:
As a realtor, I will say even at 5% these are still historically low rates. I am in Central Oregon, so a little different market, but haven't seen a slow down yet. I would not be to quick to pull the house off the market, unless the new rates are going to price you out of the market.
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Do you work with @MARIS61 ?
 
We sold our 80-year old house in November. Got more than we wanted without even going on the market. Talked to our agent last week, and she said we'd still get the same selling price today, maybe slightly more, but not by much and it'd take time to sell.

The house we bought is in a brand new development, and our model is now going for $70K more than we purchased ours for (and with an interest rate less than 3%). We feel like we couldn't have timed things better.
 
twobullz said:
As a realtor, I will say even at 5% these are still historically low rates. I am in Central Oregon, so a little different market, but haven't seen a slow down yet. I would not be to quick to pull the house off the market, unless the new rates are going to price you out of the market.
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It’s just sobering that the we were looking at 3000 sf houses a month ago and now we are paying the same monthly payment for 2200.
 
Things are still crazy where I’m at. A livable house won’t stay on the market for more than a day or two. Sucks to be looking to buy, being on an early-30’s Wyomingite budget, and having to compete with boomers from bigger markets. Bunch of weirdos moving in, especially from Texas for some reason. Ugh. They are like our Californians. I actually think they may be worse. At least Californians pretend to assimilate, even going as far as camoflouging in UW gear (and still managing to stick out like a sore thumb somehow). Texans show up, bitch about everything, fly Texas flags and tell you how great Texas is and how they do things the right way in Texas, despite the fact they just left there to come to your town.
 
jonnyboy said:
Things are still crazy where I’m at. A livable house won’t stay on the market for more than a day or two. Sucks to be looking to buy, being on an early-30’s Wyomingite budget, and having to compete with boomers from bigger markets. Bunch of weirdos moving in, especially from Texas for some reason. Ugh. They are like our Californians. I actually think they may be worse. At least Californians pretend to assimilate, even going as far as camoflouging in UW gear (and still managing to stick out like a sore thumb somehow). Texans show up, bitch about everything, fly Texas flags and tell you how great Texas is and how they do things the right way in Texas, despite the fact they just left there to come to your town.
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If there is one thing Texans will tell you about at every chance, it's how 'GREAT' Texas is!
 
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jonnyboy said:
Things are still crazy where I’m at. A livable house won’t stay on the market for more than a day or two. Sucks to be looking to buy, being on an early-30’s Wyomingite budget, and having to compete with boomers from bigger markets. Bunch of weirdos moving in, especially from Texas for some reason. Ugh. They are like our Californians. I actually think they may be worse. At least Californians pretend to assimilate, even going as far as camoflouging in UW gear (and still managing to stick out like a sore thumb somehow). Texans show up, bitch about everything, fly Texas flags and tell you how great Texas is and how they do things the right way in Texas, despite the fact they just left there to come to your town.
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My wife grew up split time between her Dad in Wyoming and her Mom in Texas.
 
Natebishop3 said:
It’s just sobering that the we were looking at 3000 sf houses a month ago and now we are paying the same monthly payment for 2200.
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Yeah, that shit cray! Wouldn't impact my decisions, though. Having lived in a house that was as big as 5300 square feet, I don't have any desire to live in anything over 2400 though. But it does highlight the crazy market.
 
I refinanced everything, my home and both rentals at the beginning of last year. The rentals take a bit of work to refinance but i got them through. Was perfect timing. Now I'm sitting on them for the next few years until the next boom.
Was going to sell and buy some land and build a new home but the materials and market started changing. I decided to wait.
One thing I'm kind of worried about is where to build? Too many spots i would have used to think were perfect are now questionable due to climate change and possible wild/forest fire issues?
 
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