OT The Real Estate Market

I'm pretty glad we sold, then bought, when we did. Lete last year. This crazy inflation situation might upset the whole market.

Will interest rates hit 6% (and higher)?!!

 

We are presently getting fucked. We're pending on a house that we're not really in love with, but it meets our needs. It's about 40k more than we wanted to spend though, on a house that size. We listed our house last Thursday and haven't had a single offer..... and we listed for 30-40k below what other houses have listed for in our area with similar size/condition/age.

There are five houses that all came on the market in our area last weekend and none of them are pending. The market is not good. Nobody is buying. Rates are above 5%. We are thinking about just folding our cards and sticking with our current house until things calm down in a few years.

 

Actually, that might be a very good idea. All things considered.

 

Not in the market, but waiting for a crash so I can pick up a foreclosure in Vegas!

 

You're such the slut!

 

Do you happen to be in NE?

 

Of course you would slut shame someone.

@el president can sleep around as much and often as he wants.

 

I'm on travel mode, not settle down and get a house mode right now. Unless the right situation presents itself, not gonna do anything.

I don't even know if I want to live in Vegas. Its just close to California and I can get a decent sized house for cheap and I actually like shit off the strip. Lots of great Korean BBQ!

 

Not anymore! Married man, gotta be good!

 

Of course. And whoever said it was shameful, oh ye of many perches?

 

No shame from me. Get it dude. If you ever need a bull, @EL PRESIDENTE will be there.

 

Bulloney. El Prez pees sitting down.

 

Only when I'm hungover.

 

That's not sitting down, brother, That's leaning down.

Ya know I love ya.

 

Probably a smart move, especially if you don't love the new house. I'd just low ball them 40k under and see what they say. Maybe the market is bad for them too, but then you have to sell your house you live in.

 

I'm glad we got locked in at an interest rate before they started to rise. Helped that we didn't have a house we had to sell after buying. Might make sense to stay put and just start paying it down as much as possible. Or use the money to remodel/build out.

 

As a realtor, I will say even at 5% these are still historically low rates. I am in Central Oregon, so a little different market, but haven't seen a slow down yet. I would not be to quick to pull the house off the market, unless the new rates are going to price you out of the market.

 

Are you near Bend?

 

Do you work with @MARIS61 ?

 

He sends me stuff virtually every day. Nothing has resonated to this point.