Freddie Smith
Region: US
Wednesday 20 December 2023 14:32:09 GMT
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jastevenso55 :
Problem is home prices will double again
2023-12-20 14:39:42
1731
Angela :
In what universe can someone who makes $85k afford a $400k house? My husband and I make $150k and can’t afford that.
2023-12-20 18:56:58
452
Sonya :
The problem is $400,000 homes are really worth about $250,000 maybe
2023-12-26 01:05:11
146
FirstTimer :
Yeah but the houses that are 400k would be at 600k lol
2023-12-20 14:38:09
2578
OfcMako :
People will start to over pay on houses again.
2023-12-20 14:51:11
502
Sampsonite 🆘🇺🇸 :
We just need to get corporations out of single family homes.
2023-12-21 22:27:29
352
Brad :
Bring back $1200 mortgages
2023-12-27 03:14:26
321
Derek Craft :
I make over 120k and I'm no way getting a 3750 mortgage lol
2023-12-20 22:00:20
307
Erica :
problem is that even now there aren't any 400k homes by me...all at least starting at 600k
2023-12-20 15:15:05
118
McLobster :
Hmm smells like election season
2023-12-20 23:55:33
106
Jolene Vigil :
$2750 is being Housebroke!! Why bother….
2023-12-20 23:00:43
78
Jake :
Having a $3,750 monthly mortgage with a gross income of $120k is insane, basically half of your bring home
2023-12-20 15:41:16
74
-`♡´- :
How the hell can someone with only an $85k salary afford a $400k house?! That blows my mind.
2023-12-22 11:54:51
70
tiffanyjohnson3153 :
as soon as it's hits 4.5 % I'm refinancing. I got a 5.37% on my condo
2023-12-20 18:49:25
65
Esteban :
We are not building enough affordable, simple, 3 bedroom, 1 bathroom houses!
2023-12-20 19:36:25
57
Kait | girl mom :
Got a 7.25 rate on our house, refinancing as soon as it hits 5. Sucked buying when rates were high but got a great deal on the house.
2023-12-21 00:43:21
45
reno_bigjohnson :
Yes. But house prices go up when interest rates go down. Now is the time to buy. Just refinance later. 👍
2023-12-20 22:17:48
43
Kellie Zeringue :
We had to buy this year. Will be refinancing as soon as we can.
2023-12-20 15:40:01
35
Birdie :
But then the investors come back and buy all the houses…
2023-12-20 17:16:44
31
zach :
Election year!
2023-12-21 02:02:54
24
beth68173738 :
This is the only time I would say it’s worth the cost to buy now (say $400k) and pay to refinance in a year… even if refinancing is $10k… it’ll save the house going up to $450k
2023-12-20 16:35:38
23
Angel Santiago :
Demand will sky rocket, and that 400k home will be 650k
2023-12-26 01:03:49
23
CinaMaria13 :
I got locked in this past summer at 5.8%. (No rate buy down either), Seller even covered closings cost.
2023-12-20 18:23:16
22
clay :
best bet is buy now and refinance when rates drop, if they drop. prices are going up no matter what.
2023-12-22 20:41:21
20
PinkPuma :
They will pay $400,000 for a $200,000 house though. I would buy now when there’s no competition.
2023-12-22 01:21:23
15
Ben :
would refinance so fast
2023-12-20 14:37:42
15
RubberBandBoi :
If there is demand waiting for affordable houses then the price will just skyrocket again
2023-12-26 21:14:56
14
user33237993307294 :
Buy NOW if you can to avoid the bidding wars and higher prices. If you can afford the payment, refi when rates drop.
2023-12-23 16:43:39
14
no one :
i love how this is before the election
2023-12-20 16:23:51
14
leeeeeroyyy Jenkins :
if rates go down like that, it's bc we will have had big lay offs
2023-12-20 22:20:05
13
breegannonast :
*cries in new jersey taxes*
2023-12-20 16:25:25
13
thewestsp :
They’ll just drive the prices of homes back up.
2023-12-23 07:17:57
13
p.8813 :
Why stop there. It COULD drop below 2%. Will it? No.
2023-12-20 22:20:49
11
XEOID_ :
I make 75k a year single , I don’t think I’ll ever get a chance at owning something on my own
2023-12-25 18:40:04
8
DrBigs :
Who comes up with these % of salary for affordability? If you’re making 85k, a 2700 mortgage payment is not an affordable payment!
2023-12-20 18:09:21
4
Jasmine, (Gio)vonni & Gracie :
What you just said cancels each other out……
2023-12-20 15:26:06
4
O8mcmuffin :
Good that way I can refinance the house I got last month
2023-12-20 20:00:45
4
Dominic :
Yeah this isn’t going to help anything. Home prices are the problem not the interest rates. We are doing it to each other.
2023-12-20 20:37:56
4
deez :
Then prices will skyrocket and everyone waiting in the sideline will jump in and turn into bidding wars
2023-12-20 19:44:30
4
Brooke Saindon :
Sounds like you gotta swoop fast before house prices double.
2023-12-20 20:43:33
4
Joe :
My house jumped over 150 grand in value since Covid - can’t wait for the second 150 increase again due to low supply
2023-12-20 14:38:34
4
Igill :
Yes but house ll increase 480
2023-12-20 14:42:11
4
Morgan Alexander :
houses will now cost $600-700k instead
2023-12-20 20:49:08
4
ROYGBIV🌈🍉 :
doesn't matter when there's 0 inventory in your area 🥲
2023-12-21 04:18:41
4
Mandy :
Would this not just increase prices again and further consolidate the market?
2023-12-20 19:26:02
4
TS :
Interest rates are already at 6.5. Still haven’t locked in my rate yet because I’m hoping they drop a smidge more in the next week or two. 🤞🏼
2023-12-21 02:32:38
4
NGds :
No we won’t, because the prices will hike up and people will outbid each other. I’d rather have a high interest and a low purchase price
2023-12-20 23:57:22
4
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