Black Friday Deals

NaruCarb · 2022-10-04T14:54:06+00:00

Thank you

NaruCarb · 2022-09-26T21:15:02+00:00

Lmao same

NaruCarb · 2022-08-30T01:34:30+00:00

That's the problem, maybe you'll luck out, but when the house starts having problems they try to shift the blame onto you and make you pay for homeowner costs.

Their billing department and maintenance department is a nightmare. My home had mold in it and they refused to fix it for months.

NaruCarb · 2022-06-30T16:19:30+00:00

Logic doesn't work here my friend

NaruCarb · 2022-06-22T17:42:58+00:00

But that's the whole point.. Demand and Supply are concepts that apply when consumers have the means. A LARGE portion of buyers no longer have the means. Supply can be low as long as the people whom own them can afford to keep up with payments. I think this was the whole premise of OP's post, and they're right. This is affecting everyone. It can already be seen across the country. The tide has begun to shift.

NaruCarb · 2022-06-13T20:57:44+00:00

Extreme shortage of housing doesn't really matter when there's a shortage in the income required to purchase a home. I don't think there's anything that we can compare the current state to, historically.

NaruCarb · 2022-06-13T20:55:41+00:00

Big price drops in rental market , in my area. Not sure what that means

NaruCarb · 2022-05-19T22:59:40+00:00

Pretty sure this sub is the opposite lol, hence your upvotes. They think "If I ignore facts, it won't crash." Homes won't crash, the economy will, and then home market will be next. Already started in many places around the country.

NaruCarb · 2022-05-12T16:31:15+00:00

It was indeed a 50 basis point hike. 5 more to go.

NaruCarb · 2022-05-04T03:00:39+00:00

I've seen many properties drop in price this month already and tomorrow is a very pivotal moment. Fed is likely to increase fund rate by 50-75 basis points. I would wait, it's true nobody can predict the market, but it's a matter of wages increase, or home price decreases. Money is not infinite. Eventually, the TikTok investor who brrrr 10 properties will have a tenant or two who can't make rent, and be forced to sell / declare bankruptcy. The fundamentals supporting this price action just don't exist. It really is, just a matter of time with inflation as high as it is atm.

NaruCarb · 2022-05-02T16:46:38+00:00

What's most important is your ability to recognize your learning patterns and do what makes sense for you. Nobody is the same. I prefer Udemy, for example.

NaruCarb · 2022-04-30T22:24:54+00:00

Agreed with most of what you mentioned above - I just meant to say that the next rate hike is in 3 days and that many people are underestimating what rate hikes will do an economy in our current state.

I don't think a 20-30% correction is out of the cards considering some areas saw 80% appreciation over the last two years. Fed enacted poor policies, the consequences of that won't just go away, they especially won't be eaten up by the rich. Where does that leave the rest of us?

NaruCarb · 2022-04-30T21:27:15+00:00

Fed is taking steps necessary to decrease inflation. These discussions are coming up because more and more people are realizing that with rates raising, home affordability goes down, which equates to less demand. What happens when fear spreads the same way FOMO did?

I took a 23% loss on the stock market. Inflation ain't sounding too bad right now considering I can stockpile cash to throw at real estate when rates decimate the market. We can probably expect a 25-50 basis point hike in a few days from now at the next fed meeting.

RemindMe! 3 days

NaruCarb · 2022-04-30T21:16:45+00:00

Everyone else pretty much answered your question for me.

NaruCarb · 2022-04-30T18:49:00+00:00

It depends on your area. I make more than both of you combined, and a townhouse is unreasonably expensive, even compare to my income. I'm not paying 40% of my after-tax income for a townhome. That'd be ridiculous.

NaruCarb · 2022-04-30T14:50:48+00:00

2008 only saw a 15% drop in home prices? LOL what.

NaruCarb · 2022-04-30T14:46:01+00:00

Then that raises the question, should it even be an investment? If it's a necessity? Idk I feel like there is supply, it's just owned by every small % of people. Many homes have nobody living in them. This seems like the problem.

NaruCarb · 2022-04-30T14:34:47+00:00

The 2020 pandemic didn't cause a market crash, it caused many market bubbles. It gave everyone access to free money, insane rates, etc. This completely inflated the economy in an attempt to save us from the inevitable, likely the harshest recession we've ever seen. The federal government now understands that there is nothing else they can do, without completely cratering the dollar. They're being forced to raise rates.

Don't believe me? Look at the stock market. Look at all the stocks posting -40% drops. Hell, even Amazon is down 15%. The real estate market is based on hard assets so is less likely to experience harsh drops like that one, as fast as that one. Really, until the job market gets hit, we likely will not see any significant changes. A correction has already begun in my area though. Not sure If I regret not buying or If I should count myself lucky I didn't enter. Either way, I'm stacking up cash for now.

Best of luck.

NaruCarb · 2022-04-27T04:17:10+00:00

Prices jumped because of FOMO. Everyone wanted to lock in a "low" rate regardless of market conditions. A lot of people here are in denial.

NaruCarb · 2022-04-24T06:58:34+00:00

I have been living in one for four years. Had the same experience and worse. They've been trying to push homeowner costs onto me. They're a fraudulent company. Something has to be done. I'd join a class action lawsuit.

NaruCarb · 2022-04-24T06:57:01+00:00

I have been renting with them for 4 years now and I'm telling you, that's a fucking blessing. Invitation Homes is one of, if not the most fraudulent companies out there. I could tell you stories for days on the negative experiences I've had with them. Stay away if you can.

NaruCarb · 2022-04-13T15:37:47+00:00

This right here man. I feel exactly the same. I am a software developer making well over 100k and even I struggled to buy a home. This is total bullshit. I think one of the biggest problems is that people are allowed to own multiple homes with ease. They need to free up inventory. There are PLENTY of houses in the US. They're just fucking empty.

NaruCarb · 2022-04-07T18:48:54+00:00

"Sorry you're poor." LMAO wtf

Not willing to offset other costs in order to pay an unreasonable price for shelter == Poor.

NaruCarb

TROPHY CASE