February 22, 20233 yr Blue/Yellow flags are all over in my area as well. Some homes even changed their exterior lights from white to blue and yellow. Maybe in heavy Trump areas they're flying the Russian Federation flag next to Trump 2024, but here in real America it's the US flag side-by-side with Ukraine's.
February 22, 20233 yr Don't think I've seen a Ukrainian flag but haven't really been looking for any either.
February 22, 20233 yr Ever notice that abra and blyatman are never in the same place at the same time? hmmmm.... 🤔
February 23, 20233 yr 14 hours ago, toolg said: ^^^ I second this. I see a lot blue/yellow flags in my daily travels. Politicians are just a flash in the pan. Real Americans will support democracy wherever it wishes to flourish. Too bad there is 70 million who would rather have a Trumptatorship
February 23, 20233 yr 12 hours ago, Blazehound said: ??? My electric bill is nearly double what it was last year
February 23, 20233 yr 7 minutes ago, DaEagles4Life said: Not great for people who bought at the top of the market. I’d be curious to know where we are today vs. prepandemic values.
February 23, 20233 yr 5 minutes ago, Blazehound said: Not great for people who bought at the top of the market. I’d be curious to know where we are today vs. prepandemic values. They're way, way up.
February 23, 20233 yr 5 minutes ago, VanHammersly said: They're way, way up. I accidentally made a ton of money from real estate the past couple years, my current house was basically free. Got a buddy that wants to do some condo flips but I think I'm gonna pass on it and stay out for a bit.
February 23, 20233 yr 5 minutes ago, Boogyman said: I accidentally made a ton of money from real estate the past couple years, my current house was basically free. Got a buddy that wants to do some condo flips but I think I'm gonna pass on it and stay out for a bit. Yeah, I'd stay out for a while. It's all way, way overinflated. My house is worth double what I bought it for 4 years ago (and our lake house is 1 1/2 times what we paid for it 2 years ago) which is completely nuts. We're not selling and I'm not sure there's that many people buying right now, (a place up the street has been on the market for 6 months now, but the place across the street just sold, so who knows). But it's unsustainable. It needs to come back to earth. Any drop is a good thing.
February 23, 20233 yr 2 minutes ago, VanHammersly said: Yeah, I'd stay out for a while. It's all way, way overinflated. My house is worth double what I bought it for 4 years ago (and our lake house is 1 1/2 times what we paid for it 2 years ago) which is completely nuts. We're not selling and I'm not sure there's that many people buying right now, (a place up the street has been on the market for 6 months now, but the place across the street just sold, so who knows). But it's unsustainable. It needs to come back to earth. Any drop is a good thing. Yeah my current home was 390,000 2 years ago and is worth over 600,000 now. Makes no sense lol. We had a couple homes on our street change hands last year, but it's been quiet along those fronts around here since the summer.
February 23, 20233 yr 2 minutes ago, Boogyman said: Yeah my current home was 390,000 2 years ago and is worth over 600,000 now. Makes no sense lol. We had a couple homes on our street change hands last year, but it's been quiet along those fronts around here since the summer. Yeah, if you're dealing with 2nd homes/investment properties then the steep climb was great, but if you're just selling your house and having to buy a new one, then what good is paying double normal rates? You may make more, but you'll spend more too.
February 23, 20233 yr 29 minutes ago, Blazehound said: Not great for people who bought at the top of the market. I’d be curious to know where we are today vs. prepandemic values. Varies quite a bit by location, but we're still up by ~30-40% on average.
February 23, 20233 yr 31 minutes ago, Blazehound said: Not great for people who bought at the top of the market. I’d be curious to know where we are today vs. prepandemic values. I would hope people would have learned their lesson from 2008. In the long run though home values always come back. I bought my house in 2019. At the height of the market I saw a 50% increase in value (yes housing prices where I live are insane). It's down to about a 40% increase now.
February 23, 20233 yr 6 minutes ago, VanHammersly said: Yeah, if you're dealing with 2nd homes/investment properties then the steep climb was great, but if you're just selling your house and having to buy a new one, then what good is paying double normal rates? You may make more, but you'll spend more too. If you're selling your primary residence, obviously you wanna upgrade during a buyer's market, and downgrade in a seller's market. The other issue you'd run into now if you wanted to move, is that you'd presumably be screwing yourself on interest rates if you're not paying cash. I refi'd into a 2.5% mortgage a couple years go that would now cost me 6.875% on a mortgage for a new house. We were considering a new build during the lockdown back then, but decided to hold off to see how things settled. Kicking myself for not pulling the trigger on that.
February 23, 20233 yr 2 minutes ago, we_gotta_believe said: If you're selling your primary residence, obviously you wanna upgrade during a buyer's market, and downgrade in a seller's market. The other issue you'd run into now if you wanted to move, is that you'd presumably be screwing yourself on interest rates if you're not paying cash. I refi'd into a 2.5% mortgage a couple years go that would now cost me 6.875% on a mortgage for a new house. We were considering a new build during the lockdown back then, but decided to hold off to see how things settled. Kicking myself for not pulling the trigger on that. We refi'd two years ago too. Can't remember the rate, but it was low. But we were never going to sell at that time and don't have any plans to now. We're about to redo the kitchen/basement, but with our place, everything's a balancing act. We have the biggest house in the neighborhood so there's a limit to how much we want to put in vs. the return we could expect on it.
February 23, 20233 yr Home prices will remain higher than the Fed wants due to continuing lack of housing supply. Homebuilders have cut back massively. They are hitting demand, but supply is still the issue.
February 23, 20233 yr 2 minutes ago, vikas83 said: Home prices will remain higher than the Fed wants due to continuing lack of housing supply. Homebuilders have cut back massively. They are hitting demand, but supply is still the issue. That was the case in my area and still is. There is zero inventory. There are literally no homes for sale in my area. Stuff jsut outside of my area (which used to be designated for the poors) is going insanely high. Hell even Levittowners are going for insane prices.
February 23, 20233 yr 4 hours ago, mikemack8 said: My electric bill is nearly double what it was last year mine is identical. I'm 100% electric FWIW. I do the 12 month budgeting through PECO so it's readjusted every few months but it has been the same price for about 12 mos now.
February 23, 20233 yr Just now, JohnSnowsHair said: mine is identical. I'm 100% electric FWIW. I do the 12 month budgeting through PECO so it's readjusted every few months but it has been the same price for about 12 mos now. Maybe folks should look closely at what their provider is charging them. I did and was shocked to see my rate at $0.17/kwh. I changed providers and now I am at $0.0776kwh
February 23, 20233 yr 2 hours ago, vikas83 said: Home prices will remain higher than the Fed wants due to continuing lack of housing supply. Homebuilders have cut back massively. They are hitting demand, but supply is still the issue. supply has long been the issue here. especially for "affordable housing". a lot of it is NIMBYism anymore. it's hard as hell for builders to develop almost any semi-desirable area.
February 23, 20233 yr 8 minutes ago, JohnSnowsHair said: supply has long been the issue here. especially for "affordable housing". a lot of it is NIMBYism anymore. it's hard as hell for builders to develop almost any semi-desirable area. Now add in the increased costs of regulatory compliance, and you'll see why nobody will ever build affordable housing again. God forbid you find a piece of land in Southern California that can be developed. You'll spend 7 years going through a bananas entitlement process. If you get through that, then you'll submit plans and get constantly hassled by inspectors and regulators. The timeline from finding a piece of unentitled land to actually selling homes is a decade minimum. But, those CEQA reports and EIRs are so damn important...
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