/biz/ - Business & Finance

>>56493637
Round Rock has 123k people, that's not a "small town"

Austin's market was propped up by cheap credit, and the cheap credit got pulled.

>>56364647
rent vs buy in most areas (not the most expensive ~15 metros) is the same, just comes down to a lifestyle choice

if you want stability so that landlords can't raise rent and/or kick you out every year, the ability to do what you want to your house, believe the market will continue to appreciate, then buying makes sense

if you want flexibility to be able to leave if a better job comes up in another city, are worried about coming up with money if something breaks (A/C, furnace, appliances, roof leak), don't believe housing is going to go up, then renting makes sense

people care too much about the rates - high rates are good for buyers, fed has already announced that they're essentially finished with rate rises, either we're going sideways or down.

the huge crash caused by the rate hikes didn't happen nationwide, because people held onto their homes which restricted the supply, only parts out west fell and those were the parts that had the biggest growth due to the low rates

>>56212547
Minneapolis is the least affordable metro area in the Midwest.

It's going down because it was stupidly overpriced, not because housing is getting built.

>>56139986
Only out west and in shit lib cities

>>56027309
Not really.

>>55956354
>Median home prices have been crashing for over a year

Only for the west coast faggots and city liberals

>>55905531
Vast majority of America is fine. It's just Californians, ex-Californians, and liberals getting BTFO, much to my amusement.

>>55860517
these policies are completely fucking liberals, they're the ones losing property value and can't afford anything

you can still get a mortgage at 4.125% with 0% down through USDA if you don't live in a major metro area

>>55709238
lol

>>55476930
>trump-appointed fed chair raises rates
>leftists lose trillions

awesome

>>55465824
The "crash" already passed. And it was very region-specific.

>>55454622
I'm looking outside of Myrtle Beach

>>55441284
An 80% crash in crypto, 30% crash in stocks, and doubling of interest rates barely made a dent.

>>55441845
>Prices may actually drop when rates go back down to 3-4%

Dumbest thing I've read today.

>>55352441
>repayment schedule

LMAO, I bought in 2020, refinanced in 2022

>The housing supply in Southern Nevada decreased to 1.8 months in March, up 190% from the prior year.

Mortgage rates have more than doubled, inventory has tripled, and all we fell was 10%?

>>55105505
>gave up his low interest rate to rent

best of luck buying back in

(A) You didn't get a good enough job
(B) You didn't find a woman to buy a house with
(C) You believed the bullshit that renters were spouting in the 2010s about how they're "waiting for the next crash"
(D) You were convinced that renting was the better play after watching "Buy vs Rent" videos with outrageously biased calculations

>>55088004
>complete money sink

Every year I have owned my house (bought in 2013), the equity gained outpaced the payments made towards the mortgage.

I refinanced into a 15 year in 2021. Now I'm fixed at 2.25% and my payment is a fraction of what it would be to rent the place.

We're at 6.5% interest and home prices east of the Rockies are still going up, with the exception of "diverse" metro areas.