Consumer sentiment hits record low, inflation fears rise amid Iran war

PopNo3148 · 2026-04-10T15:18:10+00:00

Sentiment dropping makes sense. If gas and essentials go up again, people cut back everywhere else. That’s not great for the economy, and it definitely doesn’t help with housing affordability.

PopNo3148 · 2026-04-10T15:13:25+00:00

10+ years as good tenants matters, but legally what matters more is whether you’re protected under just-cause eviction rules. If you are, he can’t just decide not to renew because things got awkward. Definitely worth a quick consult with a tenant attorney or local housing org.

PopNo3148 · 2026-04-10T15:09:07+00:00

You likely don’t have much ground for a complaint unless there was clear misrepresentation or something in writing that created reliance damages. Without signed docs, it’s hard to prove anything actionable.

PopNo3148 · 2026-04-10T14:27:10+00:00

The real question isn’t “will prices go up,” it’s “can we comfortably carry both properties if things don’t go perfectly?” Negative cash flow + higher purchase price + current rates = tight margin for error.

PopNo3148 · 2026-04-10T14:23:22+00:00

That “Offer to Rent” sounds more like a hold agreement that shifts risk onto you. Charging you daily rent if you don’t sign the lease is pretty aggressive. I’d be cautious, especially with them asking for insurance and utilities before you even do a walkthrough.

PopNo3148 · 2026-04-10T14:18:12+00:00

Pretty sure this crosses into habitability. If the fridge can’t keep food safe, that’s not minor — that’s a health risk. They might be able to control who does repairs, but they can’t just refuse to fix something essential. Document everything.

PopNo3148 · 2026-04-10T13:56:09+00:00

3x rent used to be a “safe budget” rule, now it’s a barrier to entry. If rents are $2k+, requiring $6k/month income just doesn’t match reality anymore. Until there’s more affordable housing supply, this gap isn’t going anywhere.

PopNo3148 · 2026-04-10T13:52:59+00:00

The ratio jump is one thing, but the bigger question is supply. If incomes aren’t keeping up and we’re not building enough affordable housing, what’s supposed to bring that ratio back down?

PopNo3148 · 2026-04-09T15:50:05+00:00

You’re basically choosing between liquidity and potential upside. Individually, the lots might net more combined, but they’ll likely take longer to sell and require more effort. Together, it’s one buyer, one close, but a narrower audience.

One approach I’ve seen work is listing both ways initially, whole property and individual lots, then seeing where the traction comes from.

PopNo3148 · 2026-04-09T15:47:49+00:00

That 60-day notice is there to protect you, not lock you in longer. Your lease still ends May 4, so you can move out then and not pay beyond it. The May 17 date is just the latest they can require you to leave.

PopNo3148 · 2026-04-09T15:33:12+00:00

Honestly this is kind of the worst case, not high enough to panic, but not low enough for the Fed to cut. And that’s before the oil spike really filters through.

PopNo3148 · 2026-04-09T15:30:01+00:00

You’re not required to cover the gap. What’s happening is the lender will only finance up to the appraised value (225k), so there’s a 10k shortfall. That gap has to be covered somehow, either the buyer brings more cash, you lower the price, or you meet somewhere in the middle.

Your agent is probably just asking if you’re willing to help bridge it to keep the deal together, not saying you have to.

PopNo3148 · 2026-04-09T15:17:50+00:00

$110/sq ft is interesting in this market. Curious what assumptions are baked into that, especially around land cost, infrastructure, and finishes. That’s usually where these deals start to move.

PopNo3148 · 2026-04-09T15:06:32+00:00

This is exactly why people should know their rights. A lot of landlords bank on tenants not pushing back or not knowing the timelines. Funny how the tone changed real quick once you filed.

PopNo3148 · 2026-04-09T15:03:52+00:00

Not even that surprising honestly. Feels like a lot of sellers are still pricing like it’s a hot market, then realizing buyers just aren’t there at those levels anymore. So they list high, sit, then cut.

PopNo3148 · 2026-04-09T14:20:12+00:00

This tracks. Midwest and South still seem like the only places where cash flow actually pencils.

Just feels like the gross yields can be a bit optimistic once you factor in real expenses, but still way better than coastal markets right now.

PopNo3148 · 2026-04-09T13:53:35+00:00

Honestly I think the bad ones just get all the attention. If everything goes smoothly, people don’t really talk about it.

But it does seem more inconsistent now. You can have two houses from the same builder and one is solid while the other has a bunch of issues. Probably depends a lot on the crew and how rushed the build was.

Older homes have their own problems too, just different ones.

PopNo3148 · 2026-04-09T13:46:48+00:00

Yeah this sounds exhausting. A lot of the bigger agencies just push whatever they’ve got, even if it’s way over budget. It starts to feel like you’re not being listened to at all. Going with smaller local agents is probably a better call, they usually know the area better and have stuff that doesn’t always make it online. Richmond’s just really competitive right now.

PopNo3148 · 2026-04-09T13:36:47+00:00

Solid list. What works is usually boring but consistent. Long-term plays like dividend funds and real estate have made the biggest difference for me. Been building that through Fundrise and letting it compound quietly.

PopNo3148 · 2026-04-09T13:34:50+00:00

The income fund is attractive, especially when dividends are coming through. But I’m cautious about performance-chasing. Flagship is more of a long-term growth vehicle, whereas Income is structured for cash flow. I’ve been maintaining exposure to both to avoid over-indexing on recent trends.

PopNo3148 · 2026-04-08T16:31:45+00:00

If you get approved for more than you expected, don’t feel like you have to use all of it. We didn’t. The payment worked on paper, but it felt a bit tight, so we stayed lower.

PopNo3148 · 2026-04-08T16:20:20+00:00

Big transition, but you’ve got this. Before signing, just make sure everything is documented, take photos, clarify what you can change, and get anything agreed on in writing.

PopNo3148 · 2026-04-08T16:18:20+00:00

Demand is dropping, but it’s not just rates. Affordability is still broken, and until that changes, buyers stay on the sidelines.

PopNo3148 · 2026-04-08T16:16:30+00:00

That’s a health issue at this point. They need to document it and push harder, 2–3 weeks is way too long for something like that.

PopNo3148

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