The main difference is interest rates. Nobody wants to overpay

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Jul 8, 2024
9:49:48am

LifeLongLakerFan All-American

The main difference is interest rates. Nobody wants to overpay

For a house AND trade in a 3% mortgage for 7%.

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LifeLongLakerFan

Bio page: LifeLongLakerFan
Joined: May 28, 2010
Last login: Sep 15, 2024
Total posts: 21,077 (12 FO)

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Messages

Author

Time

Housing insanity in Texas is turning people crazy.

rad dawg

Jul 8, 9:13am

Some truck owners are like this too. Trying to get what they paid for it

Captain Rex

Jul 8, 9:15am

That cars/trucks were ever appreciating like they were was a complete joke

palangi

Jul 8, 9:30am

Hopefully the county appraisal will adjust accordingly

fan_byu

Jul 8, 9:16am

pretty reasonable this year. many people's appraised value actually went down (not mine, but it only went up a little)

byujag

Jul 8, 9:33am

This one made me laugh the other day. 500k for 1400 sqft of finished home

Jul 8, 9:20am

Lol almost $360 a sq ft for that 1978 monstrosity, what are they smoking?

Bainge

Jul 8, 9:26am

Crazy. 1978 home that has an unfinished basement.

BYUinTX

Jul 8, 9:27am

Someone will buy it. People are throwing insane amounts of money for homes...I'm

Don_Juan_El_Guapo

Jul 8, 9:39am

It wont sell for close to what they are asking though.

rad dawg

Jul 8, 9:42am

and only a carport.

Mayor of Cougartown

Jul 8, 9:40am

That’s what someone paid for my 1500 sq ft home in 2021 🫣

Adwight

Jul 8, 10:15am

I have zero sympathy for someone in that position. I’m not praying to sate someone else’s greed

Indy Coug

Jul 8, 9:30am

Ill just add this part too just in case anyone does feel bad for them.

rad dawg

Jul 8, 9:50am

Housing prices are notoriously sticky. People will sit on them for years unsold

Jul 8, 9:39am

My parents are selling a house and won't budge been on market for 6 months.

SLC-Durham

Jul 8, 9:42am

Prayers to sell a house? Just sell it. Sellers market the past 4 years.

Mitty

Jul 8, 9:44am

Its not a sellers market in Texas anymore and they refuse to accept it.

rad dawg

Jul 8, 9:47am

Until prices drop 30% it's still a seller's market. Haven't dropped at all in

Mitty

Jul 8, 10:00am

I dont think thats how it works

rad dawg

Jul 8, 10:08am

That’s definitely how the numbers are looking… supply going up, demand down.

Spindash

Jul 8, 11:32am

The main difference is interest rates. Nobody wants to overpay

LifeLongLakerFan

Jul 8, 9:49am

Too bad you can't just roll over an existing loan to a new house

Jul 8, 9:54am

I thought I read in some countries you can, and that makes sense to me to keep

Mitty

Jul 8, 10:01am

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