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pretty insane how expensive houses are
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Date: September 28th, 2024 3:45 PM Author: but at what cost (http://www.autoadmit.com/thread.php?thread_id=5602794&forum_id=2/#48140797) |
Date: September 28th, 2024 3:54 PM Author: Kenneth Play i guess; they're only really expensive in desirable major cities. median new house built in august was $421k
https://kpmg.com/us/en/articles/2024/august-2024-new-home-sales.html |
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Date: September 28th, 2024 4:02 PM Author: yyz We’re about 3 million houses short on where we would be had the trend line stayed where it was pre-financial crisis. It’s not limited to coastal cities anymore. Places like Kalamazoo are seeing rents and home prices skyrocket. We’re underbuilding by about 600k homes per year (I.e., it’s getting worse) and it’s not coming back. The interest rate hike has exacerbated the problem.
And there’s no one solution because there is no one cause. There are headwinds from investors, rates, demographics, labor, zoning, you name it. It’s going to take decades to get home inventory back to 2007 levels and that’s if we even can. |
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Date: September 28th, 2024 4:21 PM Author: Kenneth Play agreed. need to keep building (http://www.autoadmit.com/thread.php?thread_id=5602794&forum_id=2/#48140882) |
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Date: September 28th, 2024 4:03 PM Author: yyz https://www.nytimes.com/2024/08/22/business/economy/housing-crisis-kalamazoo-michigan.html (http://www.autoadmit.com/thread.php?thread_id=5602794&forum_id=2/#48140832) |
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Date: September 28th, 2024 4:05 PM Author: just be racist In 2012 I was debating if 150k was too much for a starter home in the sticks
Now those same houses are atleast 350k |
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Date: September 28th, 2024 4:22 PM Author: -fex i almost bought a 300k house in 2020 now worth 450k LMAO (http://www.autoadmit.com/thread.php?thread_id=5602794&forum_id=2/#48140886) |
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Date: September 28th, 2024 4:35 PM Author: just be racist This Blackrock shit should seriously be illegal (http://www.autoadmit.com/thread.php?thread_id=5602794&forum_id=2/#48140924) |
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Date: September 28th, 2024 4:36 PM Author: -fex its protective against defaults on STATED INCOME LOANS and DEM TRANCHES (http://www.autoadmit.com/thread.php?thread_id=5602794&forum_id=2/#48140925) |
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Date: September 28th, 2024 4:26 PM Author: ,..,,,..,,,,.,.,,,., I bought a house in 2014 for $300k at 4.5 percent and it’s now $600k. (http://www.autoadmit.com/thread.php?thread_id=5602794&forum_id=2/#48140894) |
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Date: September 28th, 2024 4:04 PM Author: -fex haha only up 40% or so friend and they will definitely not be using the same "materials" as the older houses that lasted generations haha (http://www.autoadmit.com/thread.php?thread_id=5602794&forum_id=2/#48140834) |
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Date: September 28th, 2024 4:11 PM Author: Ass Sunstein What's weird is that it costs almost as much to live in Tennessee or Arizona as it does to live in MFH these days. (http://www.autoadmit.com/thread.php?thread_id=5602794&forum_id=2/#48140851) |
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Date: September 28th, 2024 4:21 PM Author: yyz This. (http://www.autoadmit.com/thread.php?thread_id=5602794&forum_id=2/#48140878) |
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Date: September 28th, 2024 4:36 PM Author: just be racist Kind of
But I Tennessee you will get 4br for 450 and in NYC u will get a tiny apartment in "convenient" location |
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Date: September 28th, 2024 4:40 PM Author: rky TTT West Coast is as expensive as Zurich rn (http://www.autoadmit.com/thread.php?thread_id=5602794&forum_id=2/#48140943) |
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Date: September 28th, 2024 4:45 PM Author: `.` cars are also all wrong. minimum $45,000 for a car, could take 1500 $30 uber rides, moar if you include maintenance costs. cars seems demonic. (http://www.autoadmit.com/thread.php?thread_id=5602794&forum_id=2/#48140973) |
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Date: September 28th, 2024 4:58 PM Author: jsm Smartest thing I ever did was buy my first home after 1 year of Big law. (http://www.autoadmit.com/thread.php?thread_id=5602794&forum_id=2/#48141016) |