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Have you been waiting to buy a home?

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  • Have you been waiting to buy a home?

    Get ready because soon we might get there. The eviction moratorium is gone or close to gone. Zillow is saying they're not going to buy anymore homes for a while. To add, we have inflation, high gas prices, mandates, admin saying shipping issues will last well into 2022. This means lack of sells for retail and others. Supply and demand will also drive prices up. Medical costs going up, maybe another covid wave?
    Once these people that haven't been paying are forced to leave I see more homes on the market. I could be wrong but it seems to me with everything rising in costs people won't be able to afford a higher house payment.

    What do you think?

  • #2
    Saving me pennies

    London is real expensive.

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    • #3
      The socialists running this country don’t want homeownership. The long term outlook is they want renters who own nothing. Many states are changing laws that only allow multi-dwelling housing to be built. I predict single family homeowners will be taxed heavier as a penalty for their privilege. Though it will come with a justification that falls back on environmental laws similar to ones used to confiscate ranch land or buy it for pennies on the dollar.
      Mike_b, ralex and 2 others like this.

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      • #4
        You will own nothing and you will be happy.

        Remind me, who said that?
        Fists_of_Fury and man down like this.

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        • #5
          Idk man I'm far from an economist, I took some courses and have a basic understand but this housing market is outside my comfort zone. In theory, all the evictions could leave to empty apartments, drive down rents and offset inflation somewhat. Or inflation will drag up rents against the supply/demand tide. I have no idea. I'm close to having a down-payment saved and I want to buy a 2-family for the last stage of my training around April 2023 so I'm waiting (and blessed I am still not "there" yet and waiting by choice, not necessity) to see how things play out.

          Economies are so weird, like slick boxers - just when you think you've got em figured out they jab from a different angle and get you back off balance
          ShoulderRoll likes this.

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          • #6
            Originally posted by CornerCutman View Post
            Idk man I'm far from an economist, I took some courses and have a basic understand but this housing market is outside my comfort zone. In theory, all the evictions could leave to empty apartments, drive down rents and offset inflation somewhat. Or inflation will drag up rents against the supply/demand tide. I have no idea. I'm close to having a down-payment saved and I want to buy a 2-family for the last stage of my training around April 2023 so I'm waiting (and blessed I am still not "there" yet and waiting by choice, not necessity) to see how things play out.

            Economies are so weird, like slick boxers - just when you think you've got em figured out they jab from a different angle and get you back off balance
            We know if the government and investment companies wouldn't have stepped in we would be going through a crash right now. But with the government saying you don't have to pay and investment companies buying homes it proped up things.

            But now the government is saying you have to pay again and zillow is saying they're not buying homes for a while. Then add in inflation that they said was transitory lol but most of us knew it wasn't. Add in gas and food prices. Then energy prices are said to be at a all time high this year.. Then shortages on freight that the admin said will last well into 2022. If a retail store or anyone else can't get goods they won't need as many employees right? I'd bet a family of four is seeing 500.00 or more a month at the least from inflation and all I said above. I'd bet holiday sells will be way down also.

            If this is true how will housing pricing rise? People can't pull monies out of their arses right? Zillow took a 11% hit today because of this. People don't understand they were buying your home for cash if you were selling. That created demand.

            I DO think we will see outliers tho. Places like Florida, TX and a few others will stay stable. But I'm guessing there will be so major drops. Should be interesting to watch.

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            • #7
              Originally posted by man down View Post

              We know if the government and investment companies wouldn't have stepped in we would be going through a crash right now. But with the government saying you don't have to pay and investment companies buying homes it proped up things.

              But now the government is saying you have to pay again and zillow is saying they're not buying homes for a while. Then add in inflation that they said was transitory lol but most of us knew it wasn't. Add in gas and food prices. Then energy prices are said to be at a all time high this year.. Then shortages on freight that the admin said will last well into 2022. If a retail store or anyone else can't get goods they won't need as many employees right? I'd bet a family of four is seeing 500.00 or more a month at the least from inflation and all I said above. I'd bet holiday sells will be way down also.

              If this is true how will housing pricing rise? People can't pull monies out of their arses right? Zillow took a 11% hit today because of this. People don't understand they were buying your home for cash if you were selling. That created demand.

              I DO think we will see outliers tho. Places like Florida, TX and a few others will stay stable. But I'm guessing there will be so major drops. Should be interesting to watch.
              Selfishly man, I'm hoping I raise the capital I need by April 2023 and the market's at a nasty nadir then. Capitalism, baby

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              • #8
                Originally posted by CornerCutman View Post

                Selfishly man, I'm hoping I raise the capital I need by April 2023 and the market's at a nasty nadir then. Capitalism, baby
                You know I'm right there with you but I'm hoping sooner. The fed will have to raise rates at some point. This inflation doesn't seem to be getting any better and with the dems spending bill it will only get worse.

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                • #9
                  Originally posted by ShoulderRoll View Post
                  You will own nothing and you will be happy.

                  Remind me, who said that?
                  [Content is Protected, Please Register For Free To Unlock This Content]


                  Klaus Schwab and the World Economic Forum. Globalist scumbags that all need purged.

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                  • #10
                    I am watching and waiting. My wife wanted a place in Kamakura, Near my current home. Speculators are driving up building costs, and my architect can’t get plans approved. He is not “connected” and can’t get his designs approved.

                    Kamakura is an old historical area, and they have very strict design requirements.

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