Home Buying

[bandc]

That's when things started to explode. Don't let paranoia get to you bandc. There is plenty of good housing out there. As someone else stated the market is just hot right now. Do your research and look around. Where do want to live? You have any ideas? If you get the neighborhood right you can put down roots and have something to trade when you want to size up. I outgrew my first house in 5 years. Amazing how having just kids makes your realize your home/cars no longer work. Really forces the issue.

It's just crazy to me that it seems like people have said the bubble would pop/market slow down for years now, but it seems to just keep flying up. I have to live within 30ish minutes from Hyattsville and home prices south of Baltimore/Columbia are absolutely atrocious for what you're getting.

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[Ortizer]

All I can say is when finalizing the deal on a house DO NOT look at the final total of what you're gonna actually pay.

Good advice. My wife's hands were shaking signing the papers for our house.

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[Ortizer]

It's just crazy to me that it seems like people have said the bubble would pop/market slow down for years now, but it seems to just keep flying up. I have to live within 30ish minutes from Hyattsville and home prices south of Baltimore/Columbia are absolutely atrocious for what you're getting.

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Schools drive it up in Howard County too. Aa and Calvert tend to be a little more reasonable. Everyplace is insane right now though.

A coworker of mine is looking at trying to buy land and hiring a builder.

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[BuryRaven]

It's just crazy to me that it seems like people have said the bubble would pop/market slow down for years now, but it seems to just keep flying up. I have to live within 30ish minutes from Hyattsville and home prices south of Baltimore/Columbia are absolutely atrocious for what you're getting.

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The market is out of wack right now and a large part of it is imo, the subprimes that are still offered are essentially the same as the past but with PMI tacked on. I know fannie is making a killing on PMI or what we call G Fees in the RMBS world. I understand why the fed is still in control of fannie, its a lucrative business, sadly.

The market on the whole needs to deflate and the fed needs to never touch this market again, much like in the student loan industry the GSEs always cause demand to increase and prices to skyrocket after. I genuinely can not stand how out of wack we are due to the fed, a cursory glance at pre and post gse pricing will scare you shitless.

[BustOfPallas]

The market is out of wack right now and a large part of it is imo, the subprimes that are still offered are essentially the same as the past but with PMI tacked on. I know fannie is making a killing on PMI or what we call G Fees in the RMBS world. I understand why the fed is still in control of fannie, its a lucrative business, sadly.

The market on the whole needs to deflate and the fed needs to never touch this market again, much like in the student loan industry the GSEs always cause demand to increase and prices to skyrocket after. I genuinely can not stand how out of wack we are due to the fed, a cursory glance at pre and post gse pricing will scare you shitless.

Yup. As it stands now the still overpriced real estate market is like a great robbery/transition of wealth from younger people right now. A correction will likely end up screwing someone else though. Anyone who got in 20 years ago is likely going to be okay no matter what, unless they have been counting on their inflated home price in lieu of real retirement savings.

It's no wonder our kids are becoming socialists.

Make no mistake, this mess was created by the SJW mentality that the government should make so everyone is able to get get a home loan and everyone should be able to buy a home.

That is precisely how and why things got fucked up to begin with.

[BuryRaven]

Yup. As it stands now the still overpriced real estate market is like a great robbery/transition of wealth from younger people right now. A correction will likely end up screwing someone else though. Anyone who got in 20 years ago is likely going to be okay no matter what, unless they have been counting on their inflated home price in lieu of real retirement savings.

It's no wonder our kids are becoming socialists.

Make no mistake, this mess was created by the SJW mentality that the government should make so everyone is able to get get a home loan and everyone should be able to buy a home.

That is precisely how and why things got fucked up to begin with.

The state creates the problem and yet somehow the state is the solution.

Economics are not for everyone it seems.

[blueridgemtnman]

Schools drive it up in Howard County too. Aa and Calvert tend to be a little more reasonable. Everyplace is insane right now though.

A coworker of mine is looking at trying to buy land and hiring a builder.

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Depending on particulars, some builders here are now in the $300-350 sq/ft. range for new builds w/a 6-12 month waitlist in some cases. Not including land, well, septic, site prep, landscaping, etc. etc. That's just the house.

[Terpsfan82]

The state creates the problem and yet somehow the state is the solution.

Economics are not for everyone it seems.

It's called Hegelian Dialectic. They create a crisis, by which they tell you they have the only solution. Many would even suggest the latest "pandemic" as the perfect example.

[BuryRaven]

It's called Hegelian Dialectic. They create a crisis, by which they tell you they have the only solution. Many would even suggest the latest "pandemic" as the perfect example.

I think covid could totally classify. I think it's totally reasonable we were very cautious at first but as time went by, with BLM marches/riots and the double standards, excessive lockdowns and backlash against any dr with a differing opinion it appeared a power grab.

I can totally see it being a power grab and also a political "dont say im wrong" circle.

IDK it sucks

[jonboy79]

I think covid could totally classify. I think it's totally reasonable we were very cautious at first but as time went by, with BLM marches/riots and the double standards, excessive lockdowns and backlash against any dr with a differing opinion it appeared a power grab.

I can totally see it being a power grab and also a political "dont say im wrong" circle.

IDK it sucks

The Race riots were done intentionally to “keep COVID alive” the left and media saw their golden goose and ticket to get Trump out of office fleeting as the virus was about to be wiped off the face of planet Earth when BAM! They found an excuse to put people shoulder to shoulder to spread that shit and keep the power grab moving forward.


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[BustOfPallas]

What do you mean by demographic cliff? I've never heard that phrase before.

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One child policy plus massive aging population means they may have issues. They are way below replacement rates which means less people taking care of more people eventually....We have immigration, which solves that and lets be honest it, our latin immigrant population are very culturally similar to us. We are okay.

[Greg]

What do you mean by demographic cliff? I've never heard that phrase before.

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I would assume that he is saying the Chinese population is aging rapidly. The Japanese were having children at such a low rate that the average age grew rapidly. At that point it is hard to keep your population number steady.