COLA is a 33 cent adjustment to top scale

[Commercial Inside Release]

How much equity in your home(s) increase? How little did everything else appreciate? Card, boats, campers and ECT all held value or increased over the last 5 years.

That's true. However, when it comes time to replace the car, the boat, or the house that appreciated... You end up paying the inflationary piper, wiping out your gains (in most cases.)

Prices go up like a rocket, but come down like a feather... If they ever come down at all.

 

[Up In Smoke]

Buy low, sell high. Demand affects supply. Labor is a businesses largest expense. Capitalism is based on charging as much as you can for as long as you can. We had a decade of printing dollars and loaning it out cheaply. It hurts when the spiket is turned off.

 

[Non liberal]

Buy low, sell high. Demand affects supply. Labor is a businesses largest expense. Capitalism is based on charging as much as you can for as long as you can. We had a decade of printing dollars and loaning it out cheaply. It hurts when the spiket is turned off.

But you never get ahead because you need somewhere to live. How can you reap the rewards of your house going up in value when you can’t sell it because you need a place to live?

 

[Up In Smoke]

But you never get ahead because you need somewhere to live. How can you reap the rewards of your house going up in value when you can’t sell it because you need a place to live?

Since the personal deduction was increased, home ownership has lost much of it's wealth building characteristics. In many cases, renting is a much better path.

 

[Brownslave688]

Thank goodness there’s no deflation clause in the contract.

5% inflation compared to 9% inflation is not deflation. Man some of you really don’t understand compounding.

 

[Non liberal]

Since the personal deduction was increased, home ownership has lost much of its wealth building characteristics. In many cases, renting is a much better path.

No thanks. That’s exactly what the globalists want you to do. Here in the United States of America we own our homes. The American dream! If we don’t at least have that, what do we have?

 

[Up In Smoke]

Sorry to break it to you, but institutional investors are buying properties at a 2 to 1 rate and paying with cash. No inspections, no appraisals and no contingencies. They are playing the long game.

 

[Commercial Inside Release]

If we don’t at least have that, what do we have?

Tent city?

 

[Non liberal]

Sorry to break it to you, but institutional investors are buying properties at a 2 to 1 rate and paying with cash. No inspections, no appraisals and no contingencies. They are playing the long game.

Yes, but where are you going? When you sell your house? Rents are through the roof. 10-15 yrs time you will have shelled out as much as a house cost and have another 30-40 yrs to go.

 

[Up In Smoke]

Yes, but where are you going? When you sell your house? Rents are through the roof. 10-15 yrs time you will have shelled out as much as a house cost and have another 30-40 yrs to go.

Rents are typically 70% per square ft of a purchase. Put that 30% away each month and you come out way ahead renting. Remember even after the mortgage is paid, you still owe taxes, insurance and maintenance.

 

[Commercial Inside Release]

The recent collapses of apartment & condo buildings, and two decades of flipping shoddily refurbished houses... Let's see how it works out for the institutional investors.

Things are going to have to give, before a whole generation is homeless. With the flip of a pen, permitting costs, and square footage requirements will be changed overnight. The institutional investors will have the rug pulled out from under them.

People just don't want $600,000 to $1,500,000 houses.
Cleaning a mcmansion sucks. Maintaining one even more, as costs spiral out of control.

Institutional investors do two things well. Price themselves out of the market, and run things into the ground.

 

[Brownslave688]

Sorry to break it to you, but institutional investors are buying properties at a 2 to 1 rate and paying with cash. No inspections, no appraisals and no contingencies. They are playing the long game.

No they aren’t. Institutional investors have almost completely exited the market. Happened a few months back.

 

[Brownslave688]

No they aren’t. Institutional investors have almost completely exited the market. Happened a few months back.

Sorry to clarify they haven’t exited. They just aren’t buying anything new. Buying from institutional investors is as low as it’s been at anytime post last housing crash.

 

[DOK]

5% inflation compared to 9% inflation is not deflation. Man some of you really don’t understand compounding.

I certainly believe the company would interpret it as deflation, but I digress.

 

[Up In Smoke]

Sorry to clarify they haven’t exited. They just aren’t buying anything new. Buying from institutional investors is as low as it’s been at anytime post last housing crash.

My wife and I run a company that searches escrow accounts for 4 states in the Midwest. Our monthly reports show who bought and sold properties from those states. We are still seeing the investors buying at a 2 to 1 ratio.

 

[Non liberal]

Rents are typically 70% per square ft of a purchase. Put that 30% away each month and you come out way ahead renting. Remember even after the mortgage is paid, you still owe taxes, insurance and maintenance.

No, no, no. Maybe before covid, and before Biden opened the flood gates on the border. Housing is at a premium now. It is no longer a bargain to rent.

 

[Up In Smoke]

No, no, no. Maybe before covid, and before Biden opened the flood gates on the border. Housing is at a premium now. It is no longer a bargain to rent.

Rents are about $120 per square ft in our area. Average house $160.

 

[Just A UPS Guy]

Rents are about $120 per square ft in our area. Average house $160.

Definitely regionally fluid.

 

[Non liberal]

Rents are about $120 per square ft in our area. Average house $160.

That isn’t adding up though. So at the end of a 30 yr mtg you could either save about 135000 by paying rent or have a 1600 soft house paid off, about 300k house. I’d take the house

 

[Up In Smoke]

May 2023 article. $872 savings average per month renting vs owning. Comparable sq ft and condition. 50 largest US cities.