- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Winter Olympics
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Mortgage rates crossed back over 7%
Posted on 2/22/24 at 2:08 pm to SlowFlowPro
Posted on 2/22/24 at 2:08 pm to SlowFlowPro
Got it. Sent a text to someone about it and responded to you.
0
Posted on 2/22/24 at 3:19 pm to teke184
quote:
We haven’t had rates this high for 20+ years and the paper value of those properties is a LOT fricking higher than it was then.
The rates aren't unreasonable, though they are higher than they've been for the past 20 years like you said. But they've been historically low for the past 20 years.
We can't have normal rates with abnormally high home prices though. Gotta pick one or the other or it all falls apart.
This post was edited on 2/22/24 at 3:21 pm
Posted on 2/22/24 at 3:22 pm to SlowFlowPro
quote:
I’m not looking forward to when the RE market completely locks up. I'm stocking up on cash in anticipation. Stout, I kind of want to email you about a property I saw to get your thoughts. It is a project house and I think I'm missing something
Posted on 2/22/24 at 3:28 pm to DoctorO
I remember back in ‘78 we were happy to get 9.15%.
The chickens are coming back home to roost again.
The chickens are coming back home to roost again.
Posted on 2/22/24 at 3:28 pm to teke184
bought an older house in a golf course community in 2018 when rates were kinda high, which made the price tag on the house come down a good bit. we bought with higher rates and refinanced twice.......so now, even with less than desirable seller market values, we're still around +$200K from purchase and have a 2.5% rate. thank god we were able to do that prior to this collapse.
Posted on 2/22/24 at 3:33 pm to El Segundo Guy
If you need someone to pay to hunt this land in Oklahoma I know a few guys
Posted on 2/22/24 at 3:37 pm to stout
the market right now is just first time homebuyers, 98% of the loans I working are first timers. I keep waiting on homevalues to start coming down but they just haven't yet. If the economy goes south on a massive scale and we see a huge rise in defaults that should drive prices down. That's also not happening
Posted on 2/22/24 at 3:39 pm to hawkeye007
quote:
When do yall think the stock market crashes?
I don't know about a "crash" but I think we hit a very definite recession not long after consumers hit the credit wall.
We're already in a recession.
Remodeling industry is slowing way down. House flippers gotta be struggling.
New construction can't be good.
Commercial real estate is a disaster. So, great timing on that decision against Trump New York.
Posted on 2/22/24 at 4:07 pm to SlowFlowPro
quote:
We may just be feeling the start of the Biden spending
biden has been adding 2.5T annually since he took office compared to Trumps 1.2T up until covid
2008...$10,025
2009...$11,910
2010...$13,562
2011...$14,790
2012...$16,066
2013...$16,738
2014...$17,824
2015...$18,151
2016...$19,573
2017...$20,245...Congress raised the debt ceiling
2018...$21,516...Trump tax cuts
2019...$22,719
2020...$26,945...COVID-19 and recession
2021...$28,428...American Rescue Plan Act
2022...$30,928...Inflation Reduction Act
2023...$33,167
2024...$34,280+...And Counting....
Posted on 2/22/24 at 4:09 pm to ScottFowler
I live in baton rouge, we have quite a few big builders just humming in town and selling about as fast as they get them built. I had a 15 home development sell out with houses starting at 400k right down the road from me last year
Posted on 2/22/24 at 4:17 pm to hawkeye007
quote:
I live in baton rouge, we have quite a few big builders just humming in town and selling about as fast as they get them built. I had a 15 home development sell out with houses starting at 400k right down the road from me last year
Housing market isnt dead. But slow.
I imagine that budgets are tight for most DIY flippers.
Posted on 2/22/24 at 4:19 pm to El Segundo Guy
quote:
I keep hoping this plummets undeveloped rural land. I want to buy some more land. I've seen no evidence of it yet. The tracts aren't selling, but the prices haven't moved.
I just really dont see that happening. The owners of rural land id assume have much deeper pockets. I could be wrong though. I keep my eye on the housing marker more than land market
Posted on 2/22/24 at 4:20 pm to SlowFlowPro
Mate you should invest in some lower income apartment complexes 
Posted on 2/22/24 at 4:20 pm to ScottFowler
i have a good friend thats a flipper and the market is horrible because of home prices right now.
Posted on 2/22/24 at 5:51 pm to hawkeye007
I have family in BR & I’m amazed that they’re still selling ridiculously priced homes as fast as they are! Who is making the amount of money in BR to buy these homes? And why?
Page 2 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News