10-12-2018, 10:28 AM | #541 | |
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Hopefully it keeps going.
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10-12-2018, 04:25 PM | #543 |
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I’d wait until 2020-2021 honestly. If a major correction is going to happen I’ll happen by then. There’s also predictions of a mild recession by then. I’m going to look to buy rentals at that point.
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10-13-2018, 09:20 PM | #545 | |
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im getting tired of living with my parents. Rent is around 2k a month here in san diego. Absurd.
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10-14-2018, 06:28 AM | #546 |
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Yeah NOW is not a great time to buy. Great time to sell, but there are a lot of signs that prices are leveling off. Good houses are still selling like crack though.
We would have sold but we just could NOT find a house to buy.
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10-14-2018, 07:51 PM | #547 |
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It's such a weird market... I was thinking the same thing... I've seen whats out there, and I've seen what we can get...but it's bidding wars and slim pickings for my area.
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10-14-2018, 08:21 PM | #548 |
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Townhomes have dropped to an affordable range for me and my fiancee now. Were gonna hold out until next year for the old fixer upper homes to start popping up at better prices.
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10-15-2018, 09:59 AM | #549 |
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I follow this site. Some good insight on the current market in this post.
https://www.calculatedriskblog.com/2...inventory.html
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10-15-2018, 03:37 PM | #550 | |
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So inventory is rising across the board huh? GOOD. GOOD....
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10-21-2018, 01:20 AM | #551 | |
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Vacaville has some of the newer houses but Fairfield have some quiet pockets too. We were living north of Air Base Parkway, around the Laurel Park area of Fairfield. South side towards Suisun can be quiet too. |
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10-21-2018, 01:23 AM | #552 |
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Buddy of mine just sold their house south of Seattle, in Renton. He paid $420K for it not even and got his asking price for $650K within 48 hours of it being in the market. He ended up buying a horse property 10 mins from his old house for $750K. Housing market up there in absolutely insane.
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10-22-2018, 06:09 PM | #553 | |
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https://www.calculatedriskblog.com/2...ng-market.html
Quote:
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10-23-2018, 07:08 AM | #554 | |
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10-23-2018, 11:46 AM | #556 |
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So much of that going on in Dallas too. Big old lots with meh houses sitting on them listed for $400-$500k that someone just buys to raze and rebuild. Hard for me to wrap my brain around that kinda money, TBH.
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10-23-2018, 12:25 PM | #557 |
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For who? Sellers?
Im just glad its slowly shifting back to a buyers market. Townhomes are SLOWLY making it towards an affordable range for me and my fiancee
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10-23-2018, 12:40 PM | #558 |
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10-23-2018, 02:48 PM | #559 | |
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Finally got school loans paid, and a decent chunk of change saved after finishing school 2 years ago; just in time for a crappy buyers market. Just trying to stay patient, but it's tough |
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10-23-2018, 05:20 PM | #560 |
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I don’t see a “crash” happening honestly. Not like the housing bubble. It’s definitely correcting though. Which is good.
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10-23-2018, 08:36 PM | #562 | |
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We're in a trade war. Oil prices are dumb low. Housing has slowed hugely. Those are not exactly signs of good things to come. |
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10-24-2018, 05:40 AM | #563 | |
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I’ve said we’re due for a mild recession by 2020. We’re in the longest Bull market in our history so it’s due. Still it’s not going to be like the Great Recession that started in 07/08.
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10-24-2018, 06:24 AM | #564 | |
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So here is a question for all the folks "holding out"
The issue I have with that very model is housing is essentially a investment. Also, when the market crashes, who is to say everyone who has a job right now will have one going into the crash?? Also, who is to say the market is going to crash?? Also, when renting, your money is essentially going into a black hole. Remember, you do not see a dime of ROI if you rent any property (read: this comment is not to be construed as an insult to anyone who currently rents. I rented up until 3 years ago). The prior statements are just a taste of the questions the wife and I discussed prior to jumping in head first. And ofcourse, considering our location and careers, this wouldn't apply to everyone, but the general idea remains however. The statements are especially relevant in a major metropolitan area who's major employer is the Government. Such markets were minimally affected by 08 crash . California in general is very similar in makeup. Just my 0.02c Quote:
Housing hasn't slowed hugely however. There has been some adjustments in CA and cooling off on the market in various pockets. However in general, housing is booming in most metropolitan areas. Texas (in particular Arlington) has seen some of the fastest growth in housing and subsequently prices. Actually, oil prices have been on a slight rise over the past 5 years. However, you need to account for renewable energy, how cheap Natural gas is, etc which eats into oil prices. I would prefer to a move away from the dependence on oil.... But again, these are not topics for this thread hahahahah Oil Price chart and trend citation is below. https://www.macrotrends.net/1369/cru...-history-chart |
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10-24-2018, 09:10 AM | #565 | |
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1. California is inflated like crazy right now. Single family homes I can still see staying expensive but my fiancee and I want a nice townhome with a driveway and 2 car and those are still pretty overpriced. 2. With how much the middle class is getting fucked over in california I dont even know if im going to be staying here. Ive applied for jobs outside of the state so for someone like me my future is very much in the air. https://www.calculatedriskblog.com/2...-mortgage.html ^ Uh oh... I brought up the calculated risk blog to my realtor and she downplayed the whole thing citing that "oh people dont really buy towards the holiday season and of course people wont pay their mortgates in disaster areas" Of course someone who makes their money from real estate would downplay it even though its backed by evidence.
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10-24-2018, 09:23 AM | #566 | |
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Did you read the entire article?? Apart form the headlines (which literally focuses on a 1 month span), the forecast mostly looks promising for home prices to continue the way they are. I would like to point out a few paragraphs from the article.
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10-24-2018, 09:48 AM | #567 | |
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But yeah, im mainly holding out because I dont even know if im staying here. Plus rent is over $2k for anything halfway decent.
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10-24-2018, 09:59 AM | #568 | ||
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That doesn't mean I wouldn't buy. I would just keep in mind that values may drop 10-12% over the next 2 years. I would still buy a house that I thought was a killer deal. Quote:
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10-24-2018, 10:03 AM | #569 | |
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I too think that there wont be no crash but there will be a major correction.
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10-24-2018, 10:03 AM | #570 |
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I would advise you look at market trends, history and stats vs just a single sampling size......
I am not sure who is telling you it's been hard to tell the future. Continuing to cut taxes with a bull market is not a good idea. But that is just a single element that "could" lead to a crash. There are many elements that go into the 3 or 4th largest economy in the world to crash overnight. The crash of 2008 was a perfect storm that was coming from a mile away. If you look @ the trend 1 month prior to the crash, you would have seriously been blind sided. However, a few folks shorted the market knowing the entire picture vs a single pixel. It was a combination of several things going wrong for it all to come crashing down. IJS..... However if you aren't going to be in CA, its all a moot point hahahaha! |
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