It's the economy, stupid! (Finance-related news)

[Dantrag]

I just built 18 months ago, try and keep your imploding NY luxury market localized. I don't want the value of my house to fucking tank a second time.

8MO ago here in the RDU area. :/

[archibaldcrane]

I have a hard time believing California real estate has much downward potential, the amount of demand vs. supply is ridiculous.

[thetruepandagod]

I have a hard time believing California real estate has much downward potential, the amount of demand vs. supply is ridiculous.

Would be nothing more than a temporary dip where people that can snag houses at a discount while others who never afforded the place they were in get foreclosed on.

[Fiye]

I have a hard time believing California real estate has much downward potential, the amount of demand vs. supply is ridiculous.

It def went down during the bubble pop.

But it went right the fuck back up not too long after. Grandma sold her house for half a mil when she bought it for 80k. Pretty sure its worth 700k.

Edit: Checked zillow on it.

<address> is a single family home that contains 4,500 sq ft and was built in 2010. It contains 5 bedrooms and 4 bathrooms. This home last sold for $505,000 in September 2006. The Zestimate for this house is $1,293,864, which has decreased by $10,993 in the last 30 days. The Rent Zestimate for this home is $5,426/mo, which has increased by $59/mo in the last 30 days.

[Fiye]

Its depressing to know that you'll likely never be able to afford the house you grew up in.

[thetruepandagod]

Shoulda gave gma a piece of ur mind for selling off your inheritance

[Fiye]

Nah she moved to vegas and bought a house worth $300,000. Then died and it got sold off and the money split in half between my father and uncle.

I got nothing. Fucking trickle down economics.

[Melena]

My dads wife just sold her house for 1.25 mil. She bought it with her x husband for 180k

[archibaldcrane]

I bought my Los Angeles house in 2011 for 400k, Redfin estimates it is worth 1.05M today.

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[mallister]

all of this made me check my house. bought for 265k, zilla says 495k. this doesn't hurt my feelings any.

[Zetanio]

B u b b l e l i f e


I can't wait til the NIMBYs in San Francisco get outvoted and they start putting up actual apartment buildings everywhere.

Rent's gonna take a nosedive.

[Moss]

B u b b l e l i f e


I can't wait til the NIMBYs in San Francisco get outvoted and they start putting up actual apartment buildings everywhere.

Rent's gonna take a nosedive.

As a serial renter I would love this

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[Zealot]

Question to those near that market - my mother lives outside NYC near Croton, if she's looking to sell her house is she safe waiting until next year? Or is there no way to be sure right now

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[tyven]

Question to those near that market - my mother lives outside NYC near Croton, if she's looking to sell her house is she safe waiting until next year? Or is there no way to be sure right now

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All I can tell you is this very minute it’s a seller’s market, as interest rates rise housing prices will fall. PULL THE TRIGGER

[Zetanio]

All I can tell you is this very minute it’s a seller’s market, as interest rates rise housing prices will fall. PULL THE TRIGGER

This is 100% accurate. My brother is trying to buy in the Hudson area near Irvington/Tarrytown and EVERYTHING is going for 10% over market. People are piling in while rates are low.

[Melena]

As a serial renter I would love this

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Same. The fact my 2k a month 2 bedroom apartment with no AC and a lack of parking at the complex is considered below market scares me.

[archibaldcrane]

B u b b l e l i f e


I can't wait til the NIMBYs in San Francisco get outvoted and they start putting up actual apartment buildings everywhere.

Rent's gonna take a nosedive.

The problem is the renters are NIMBYs too for the most part. They (incorrectly) believe that additional housing stock won't reduce their rents, and don't want even more neighbors on their streets and in their trains.

Combine that with the very vocal/high voter participation and lawsuit happy homeowner class, and the minority groups desperately clinging on to what fringes of poor neighborhoods they have left in a mistaken belief that new building fuels displacement (it doesn't) and the stars aren't aligning for the YIMBYs.

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[Zetanio]

https://www.bloomberg.com/news/featu...es-to-the-poor

THIS DEFINITELY DOESN'T LOOK TERRIBLE GUYS

[Niiro]

Christian says he sought comfort in binge-eating, weighing 400 pounds at age 17. The teenager reinvented himself after seeing Rocky IV. He slimmed down, jogging seven miles each way to his after-school job while listening to the 1985 movie’s soundtrack album: “Rising up straight to the top, had the guts, got the glory.”

After graduating from the University of Houston with a finance degree, Christian worked as a loan officer at Ameriquest Mortgage Co., a subprime lender that sold its lax underwriting standards in its slogan: “Don’t judge too quickly—we won’t.” The company collapsed in the credit crisis.

When will we stop paying for the sins of the 80s.

[Zetanio]

Never ever ever.