2020 - 2022 imaginary money printer house prices š¤£ 1.6mil house, 2.20% interest rate, 30-yr = $6,075/mo 1.6mil house, 6.05% interest rate, 30-yr = $9,644/mo #mortgage #housing #sanfrancisco blind tax: TC: 230K, YOE 3, MCOL (not at IBM anymore)
I think itāll drop but not a lot. Since it is an interest rate problem, people not in a hurry will wait.
I am waiting for joke.
OP mad because didnāt get to buy a house and hoping prices fall.
you stock go down, you buynig power go down, so your house has to go down 30% to match buying power back to pandemic
Household wealth is up, business income is up, and no one is going to sell their house and trade up for a higher interest rate.
Look at this filthy homeowner, you can tell by the way he is, so oblivious. The confirmation bias too strong for his rational mind. > Active home listings grew at an annual rate of 18.7% in June compared to a year earlier ā the fastest pace since 2017
Unpopular opinion but house prices will continue to rise, but more slowly. Would be great to be wrong.
Only thing Iām surprised by is that the Bay Area is going down first. Maybe RTO really is a myth. Meanwhile phoenix and vegas are walking off a cliffs edge as we speak and not even realizing it yet
Fed hasn't even started dumping mortgages. This bubble is going to pop.
Dumping billions of MBS will have an effect, plus I think the rate of putting MBS for sale on the market is planned to accelerate. From 30B, to 50, to 70 per month later in the year IIRC
Up here in the PNW the Seattle and Eastside markets are still seeing double digit YoY sales price increases š¤·āāļø
Seattle and Bellevue house prices make me sick š, youāre better off living either South of or North of Seattle, even they are going up though.
Flat growth in high demand markets for a couple years, collapses in b/c tier cities and towns people āflockedā to during Covid.
You guys are buying houses?
You guys are buying?
You guys are?