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Housing crisis

Discussion in 'BBS Hangout: Debate & Discussion' started by ThatBoyNick, Sep 5, 2021.

  1. ThatBoyNick

    ThatBoyNick Member

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    Cypress
     
  2. tinman

    tinman Contributing Member
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    That’s far from Toyota
     
  3. Buck Turgidson

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    Gotcha, not my part of "Westside". I imagine it's nuts pretty much everywhere.
     
  4. tinman

    tinman Contributing Member
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  5. ThatBoyNick

    ThatBoyNick Member

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    The last housing bubble missed Texas. Now the Lone Star State is home to the second most ‘overvalued’ housing market in the country
     
    FranchiseBlade likes this.
  6. tinman

    tinman Contributing Member
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    lol
    you know anyone in Austin? Ask them who's buying those houses and driving those Ferraris
    breh
     
  7. Exiled

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    Boise ,Spokane among many places saw more massive new comers, but the real impact will be seen upon mortgages renewal peak (after 18~months maybe/Q3-2023)
     
  8. tinman

    tinman Contributing Member
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    The spillover for Austin is San Antonio and in between . Central Texas will stop growing when the jobs spillover from California and New York stop
     
  9. ThatBoyNick

    ThatBoyNick Member

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    After the management company of our property informed us of the $500 rent spike, we had to move. Comparable houses in the area had risen at least 20+%, we faced the choice of downgrading the house (mostly backyard space, which we value for the kids) or moving further away, we ended up moving 40 minutes out to Magnolia.

    Luckily for us, we work from home and the change isn't a huge problem, but it puts us a lot further from family and friends.
     
    #89 ThatBoyNick, May 26, 2022
    Last edited: May 26, 2022
  10. Exiled

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    home prices has fallen 20-30% especially for entry level luxury home (so is Ferrari) , good time to pick 1 year term, eventually mortg. interest rate will be reduced later
     
  11. Space Ghost

    Space Ghost Contributing Member

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    Where have house prices dropped 20 to 30%
     
  12. Exiled

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    tinman likes this.
  13. tinman

    tinman Contributing Member
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  14. Exiled

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    the semi- attractive chick that poop in your bed sheet , living expense vs typical wages do not make much sense
     
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  15. ThatBoyNick

    ThatBoyNick Member

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  16. Exiled

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    need to vent here ,
    "subject removed" a sense of awkward relief when I reached this mile stone yesterday. 1800 ft house built in the 60s that rattle when you close the door or open the windows and had never been updated , felt like winning the jackpot ," what a steal! just 1.4 million for that big lots!. but to shield my kid" future from mortgage and rent ...it seemed totally worth it ,now I need new spark plugs to keep going for another 100k miles on a tight budget
     
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  17. HTM

    HTM Member

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    Sorry... this was hard for me to follow.. you bought an old 1800 sq ft house for $1.4 million?
     
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  18. Invisible Fan

    Invisible Fan Contributing Member

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    Congrats. Did you pay all cash or something?

    Where did you buy.
     
  19. Exiled

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    https://www.zolo.ca/vancouver-real-estate/trends

    large lots with potential to subdivision is money in the bank , the old house is a bonus, you slam the door and it collapse in no time
    thanks bro
    lol I wish , but with locked in rate at 2.5% its ok, there's a ban of 2 years on forginer buyers, once it expire ,BC money laundrying in real estate will rebound
     
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  20. ThatBoyNick

    ThatBoyNick Member

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