Yes. We lost another offer. 3rd one in 2 months. Folks have just lost their minds. Comp analysis has been thrown out. Folks are putting in 20% higher offers than the most recent comp. Seller agents treat buyers / buyers agent like we are beggars. Our TC is above $500K and have same amount for down p...Read more
Can seller agent generate fake offers to drive up and max out escalation clause? Nowadays even after submitting offers with escalation clause (as a buyer), seller agent just says they have above target . When I ask for ‘show me counter offers?’ They say , ‘seller is not willing to send it’. Then wha...Read more
Inflation just won’t stop. The rate of inflation is increasing, not slowing down. 2% target is so far away. Expect 10-15% mortgage rates. Does buying a house at 10-15% sound like smart investing to you? Yeah, to nobody else either 😂 the only buyers will be cash buyers (who buying huge buildings to ...Read more
The USA is the biggest marketplace for major hardware and software products being developed across the world. So many startups in other countries including europe are primarlily targeting the US market to sell their services and products. Their own countries are hurting with negative gdp growth mean...Read more
300k TC 100k 401k 150k cash No kids yet and Wife is homemaker. Current rent 2800$ Looking for SFH How much price range should I target/budget to buy a house in South Bay. First time buyer, Just curious to know how much should I target the price range for a easy living. I want to take a 30yr loan, b...Read more
So much crime on Hillsdale in 95124 near Target. Saw 1200 sq ft houses on streets like Julio/Kilo go for 1.6M which is > 1250 $/sqft On talking to neighbors, there have been multiple burglaries in those streets. Just curious aren’t buyers worried?
What were your closing costs as buyers? We’re targeting houses between 450 and 500 but we know we’ll end up paying between 500-550 given the market. Clarification: I want to understand total closing cost and not just mortgage cost #mortgage #housing #closingcosts
What is the point of providing seller with a bid range vs just a targeted bid? Is there anything preventing seller from counter offering at maximum bid? Providing range seems like a disadvantage for buyer and advantage to both real estate agents.
Just talked to a desi realtor in CA area who said they have a group who actively lies to the prospective buyers that CA properties are getting bid up and going over asking. They primarily target desi renter communities and play on their FOMO. They also target IT folks who they consider RE investors....Read more
The truth renters can't stomach: home prices will not fall back so they can be "affordable" for you. In many cities the opportunity to own is gone forever. When prices fall due to affordability they will stop falling the moment someone is wealthy enough to afford them. There are a lot of wealthy peo...Read more
With ~$70k as down payment and a target of $300-400k house in the USA, which cities/areas would you guys suggest for Investing in a house for purely rental purposes? This is my first time buying a house and I was thinking either Pearland,Texas (single family house) or Seattle(condos). But I’m very o...Read more
First time buyer and I plan to get a pre-owned car with a budget of around 10-15K, and I prioritize things like fuel efficiency, storage space and overall reliability (less maintenance), and if it keeps a good resale value then that's a bonus. As such I want to know what kind of cars and brands I s...Read more
Help your newbie here guys. So on CapIQ transaction screening function, shouldn't it only show public companies (as a target or buyer) if I set my criteria as to show public companies only? Whenever I do screening, I don't know what I am inputting wrong on criteria setting but I still see a bunch of...Read more
I am a first time home buyer and planning to get a home, preferably townhouse in South Bay Area. But there are certain factors, which is preventing me to make a concrete decision: 1. I am a single earning member and got recently married. 2. Offices are going to open in few months, with my company i...Read more
For first time home buyers, what is considered a comfortable ratio in the US? What about in Bay Area? What ratio do most people go with? Eg. If House price = $1m. TC = $250k, then the ratio would be 4:1. -- Perhaps this ratio is not so useful; what metric do you generally use to decide comfort le...Read more
Planning to buy a house in the next few months. My wife and I have been working here in the Bay Area for about 2 years and are first time buyers. We have accumulated about 200k (all in) and targeting a house around 1.1m. Seeking some guidance around this - 1) How much down payment is generally advis...Read more
Edit: Poll is very 50/50 or 60/40, can people voting Faith describe their basis. I want to believe also. How are people feeling about Rivian? Their new cars seem crazy cool, but the lack of infrastructure is a bit scary. If they had the same company strength as tesla (which is still falling btw) I ...Read more
Need help on making a decision about going all in (~60k) in retirement this year or just keep current retirement contribution rate and keep saving for a higher down payment. - Just got a new job that offers megabackdoor roth. - Currently set to max out pre-tax 401k (employer match is 10k). - Also...Read more
I have been looking to buy a home in the Bay Area for the last year but cannot justify paying what I will get for 1.5m, which is my max. I am a first time home buyer combined TC with wife is ~350 with pretty good savings. We were targeting homes in the peninsula but each home listed around 1.5-1.7 ...Read more
I’m considering buying a house and need your advice on loans and affordability. Here are some details: Location: open to suburbs LA except for East LA (think 15-20M near the coast) Income: 220K + 130K equity. Total: $350K / Yr Single No debt Cash in hand 75K + 250k equity + 401K balance > 100K