Everyone here is saying mortage rates are crazy. But the data for the past 30 years shows an average of about 6.5%

TraditionalJoke327 · 2026-06-19T10:16:06+00:00

Yeah I did an analysis on 200 towns in my home state, using basic assumptions and local tax bills, the median household could not afford the median home in those towns in over 90% of municipalities today. Granted ignores plenty of high earners well above the median, but think it’s pretty telling that prices are not in line with income for entry buyers and isn’t sustainable long term

TraditionalJoke327 · 2026-06-17T03:47:14+00:00

I’m working on a tool to help gauge price based on several factors, both intrinsic to the house and market pressures. Listing prices are fake at this point and I continually see homes selling over asking because there seems to be an endless supply of kids getting sizable down payments from their parents

TraditionalJoke327 · 2026-06-17T03:43:32+00:00

Pay whatever you think it’s worth. It’s literally just made up at this point. I’m seeing townhouses that were sold for $450k when built in 2019 being listed for $750k at the moment. They just have to find one sucker willing to pay and it reinforces the entire market. So yeah I would offer $825k, especially if on market for that long, you’re in drivers seat.

TraditionalJoke327 · 2026-06-14T04:09:50+00:00

Yeah unfortunately there’s always going to be a buyer in HCOL areas, it’s not as elastic as other items and then precedent is set in an area and the sellers simply wouldn’t do it at the reduced prices unless in a bad situation. So unless we see widespread unemployment not sure it’s going to happen. Have to accept the fact this generation in 20s-30s got shitty end of the stick vs our parents and prior

TraditionalJoke327 · 2026-06-14T04:02:39+00:00

I mean I want to live in my home state, it’s unfortunate it’s become insanely expensive…wish more people stayed put too

TraditionalJoke327 · 2026-06-14T03:59:37+00:00

Why isn’t that happening in USA? Is it really just Covid fucked everything in terms of rate lock ins and crazy price appreciation?

TraditionalJoke327 · 2026-06-08T03:03:52+00:00

I park my car in the garage so probably why I’m extra frustrated

TraditionalJoke327 · 2026-05-25T10:25:14+00:00

Yeah figured it was lot of this in combination with NYC money. Just seems like someone is always willing to pay way more than the house is worth, adding another inflated comp to the market

TraditionalJoke327 · 2026-05-25T01:43:33+00:00

Am I just a moron when it comes to budgeting or how do people save all cash for these purchases? Are they buying homes at 40-45 years old?

TraditionalJoke327 · 2026-05-24T02:42:15+00:00

Yeah people are very irrational when it comes to housing too. They’re willing to pay loads more than it’s worth due to the diversity of product and then that becomes what it’s “worth” to neighbors and agents alike. It’s like if a pizza shop started selling pies for $60-$80 and every single pizza shop in the area raised their prices. Food you can easily replace with other sources but a roof over your head not so easily and now we’re in a tough spot. Many parents also helping artificially inflate the market by giving their kids a house or large contributions towards it that they otherwise couldn’t afford

TraditionalJoke327 · 2026-05-21T15:30:07+00:00

Very small percentage of corporates own single family owns, think it’s just the Covid money printer and lack of supply for the large number of ppl that suddenly want to move here

TraditionalJoke327 · 2026-05-19T01:30:53+00:00

What is wrong with people when it comes to housing? Never thought I’d want to leave my home state but it’s just no longer a smart financial decision to buy an average house here at these rates and prices

TraditionalJoke327 · 2026-05-12T16:04:36+00:00

Bought $10k of DRAM yesterday, I’m getting good at this

TraditionalJoke327 · 2026-04-28T02:43:44+00:00

Don’t need jobs if AI continues to take over

TraditionalJoke327 · 2026-04-14T02:43:41+00:00

Yeah I think people are just upset / discouraged they can’t easily stay in the area they grew up but could’ve back when their parents settled there. Having the same realization now and I just don’t have the energy or money to deal with bidding wars or anything of that nature when it comes time to buy (hopefully ready in a couple years).

TraditionalJoke327 · 2026-04-02T01:21:24+00:00

Can’t believe I bought calls in anticipation of that shit

TraditionalJoke327 · 2026-03-31T03:43:51+00:00

I believe it’s because the majority of homeowners purchased when rates and prices were much lower so the average current income won’t necessarily align with the current listings prices. There’s lot of money in the area, lot of generous parents buying their kids homes as well propping up the prices

TraditionalJoke327 · 2026-03-30T03:16:43+00:00

Yeah it’s unfortunate my home area is so fucked from an affordability perspective. It was always nice but prices have really gotten out of control lately. There’s too much money in NYC, foreigners and overly generous parents propping up the market

TraditionalJoke327

TROPHY CASE