vuduchile 1,941 Posted October 5, 2022 We've seen it all before. Record low interest rates and easy money send home prices through the roof. Then interest rates skyrocket, and prices come down. Nothing new. Share this post Link to post Share on other sites
edjr 5,734 Posted October 5, 2022 54 minutes ago, vuduchile said: We've seen it all before. Record low interest rates and easy money send home prices through the roof. Then interest rates skyrocket, and prices come down. Nothing new. SOOO many idiots bought the last year and were so desperate they did no inspection. People are such clueless knobs Share this post Link to post Share on other sites
RLLD 3,557 Posted October 5, 2022 16 minutes ago, edjr said: SOOO many idiots bought the last year and were so desperate they did no inspection. People are such clueless knobs What I have noticed is that often the price of firewood predicts the housing crashes....just an observation. Share this post Link to post Share on other sites
edjr 5,734 Posted October 5, 2022 3 minutes ago, RLLD said: What I have noticed is that often the price of firewood predicts the housing crashes....just an observation. Once it dries up, the west coast of florida will have all the free firewood you need. Share this post Link to post Share on other sites
RLLD 3,557 Posted October 5, 2022 3 minutes ago, edjr said: Once it dries up, the west coast of florida will have all the free firewood you need. Yeah, you should not burn that stuff It's pretty true that a drop in price means they are cutting and clearing lots, a rise means they have stopped....and about six months later you can see the market starting to react. Share this post Link to post Share on other sites
edjr 5,734 Posted October 5, 2022 Just now, RLLD said: Yeah, you should not burn that stuff Just have to detach the dead bodies 1 Share this post Link to post Share on other sites
easilyscan 573 Posted October 5, 2022 3 hours ago, edjr said: BUY BUY BUY!!! Moody’s again slashes its home price forecast: These 210 bubbly housing markets could crash 25% to 30% https://fortune.com/2022/10/05/housing-markets-at-risk-of-25-to-30-percent-home-price-crash-moodys/ The silver lining is that property taxes will immediately drop by the same amount. Share this post Link to post Share on other sites
easilyscan 573 Posted October 5, 2022 2 hours ago, craftsman said: I rent an apartment. It's awesome. Putting all that money towards retirement investments instead of buying and selling houses is killing it for me. How much is your rent ? Share this post Link to post Share on other sites
craftsman 1,045 Posted October 5, 2022 1 minute ago, easilyscan said: How much is your rent ? $1700 total per month for the two of us. It's less than the property taxes alone for homes around us. Share this post Link to post Share on other sites
wiffleball 4,685 Posted October 5, 2022 You know what? I'm kind of sick of hearing about this so-called housing bubble. There was a time not too long ago when there were more f****** Realtors than they were houses. And housing prices are just absolutely insane. Hell, investment firms are buying up homes and even damn trailer parks. It's not a bubble. It's a correction. And it's a much needed correction. It's f****** unsustainable. I remember laughing at the Japs in the '80s because they had multi-generational mortgages. Share this post Link to post Share on other sites
easilyscan 573 Posted October 5, 2022 8 minutes ago, wiffleball said: I remember laughing at the Japs in the '80s because they had multi-generational mortgages. Japan started their move towards 0% interest rates back in the early 90s. Interesting to note that the Nikkei average (the equivalent of our Dow Jones industrial average) peaked at 38,000 around that same time. 32 years later it's @ 27,000 Share this post Link to post Share on other sites
Gepetto 1,008 Posted October 5, 2022 1 hour ago, craftsman said: $1700 total per month for the two of us. It's less than the property taxes alone for homes around us. That would be annual property tax of $20,000 or more. What evaluated house value equals that much property tax? And what state are you in? Share this post Link to post Share on other sites
edjr 5,734 Posted October 5, 2022 I pay $1700 in RE taxes every quarter for 2 properties. Share this post Link to post Share on other sites
Hardcore troubadour 12,960 Posted October 5, 2022 1 minute ago, edjr said: I pay $1700 in RE taxes every quarter for 2 properties. I pay more for one. Share this post Link to post Share on other sites
edjr 5,734 Posted October 5, 2022 1 minute ago, Hardcore troubadour said: I pay more for one. Just read something like 15 minutes ago. Tyreek Hill picked Florida to play because no state income tax. Said he chose Dolphins over Jets to save 3 million. or whatever it was. Smart man Share this post Link to post Share on other sites
Hardcore troubadour 12,960 Posted October 5, 2022 1 minute ago, edjr said: Just read something like 15 minutes ago. Tyreek Hill picked Florida to play because no state income tax. Said he chose Dolphins over Jets to save 3 million. or whatever it was. Smart man Yeah. You’re going to see a lot of that now considering how high the salaries are. There was a time you could make up the difference with endorsements. No way Hill was getting close to 3m in endorsements in NY. Share this post Link to post Share on other sites
edjr 5,734 Posted October 5, 2022 Just now, Hardcore troubadour said: Yeah. You’re going to see a lot of that now considering how high the salaries are. There was a time you could make up the difference with endorsements. No way Hill was getting close to 3m in endorsements in NY. I think it is officially NJ, but the point is the same and less of a chance Share this post Link to post Share on other sites
craftsman 1,045 Posted October 5, 2022 57 minutes ago, Gepetto said: That would be annual property tax of $20,000 or more. What evaluated house value equals that much property tax? And what state are you in? Yes. The property taxes around me are around $22,000 to $30,000 or so. Generally in the small city I live in and next door to me where I live the homes that are up for sale are anywhere from $650.000 to $4+M all within about 1-2 miles in each direction. If you find anything in the $500,000 dollar range it needs serious work or is tiny on a bad lot. In some of the not so great areas a few miles away that I would never move to I don't know their values. New Jersey. 1 Share this post Link to post Share on other sites
TimHauck 1,885 Posted October 5, 2022 4 hours ago, edjr said: SOOO many idiots bought the last year and were so desperate they did no inspection. People are such clueless knobs Hopefully they didn’t take your advice to not buy between about April-December 2020 though Share this post Link to post Share on other sites
TimHauck 1,885 Posted October 5, 2022 2 hours ago, craftsman said: Yes. The property taxes around me are around $22,000 to $30,000 or so. Generally in the small city I live in and next door to me where I live the homes that are up for sale are anywhere from $650.000 to $4+M all within about 1-2 miles in each direction. If you find anything in the $500,000 dollar range it needs serious work or is tiny on a bad lot. In some of the not so great areas a few miles away that I would never move to I don't know their values. New Jersey. What would where you actually live be worth, not “houses around you”? Share this post Link to post Share on other sites
Shooter McGavin 589 Posted October 5, 2022 2 hours ago, craftsman said: Yes. The property taxes around me are around $22,000 to $30,000 or so. Generally in the small city I live in and next door to me where I live the homes that are up for sale are anywhere from $650.000 to $4+M all within about 1-2 miles in each direction. If you find anything in the $500,000 dollar range it needs serious work or is tiny on a bad lot. In some of the not so great areas a few miles away that I would never move to I don't know their values. New Jersey. You don't live in NJ, shut up. 1 1 1 Share this post Link to post Share on other sites
craftsman 1,045 Posted October 6, 2022 59 minutes ago, TimHauck said: What would where you actually live be worth, not “houses around you”? What would where? Actually live be worth? Drunk much? Share this post Link to post Share on other sites
TimHauck 1,885 Posted October 6, 2022 1 minute ago, craftsman said: What would where? Actually live be worth? Drunk much? The house/apartment/mobile home that you live in. I see it often where people try to compare the rent they pay for a 2 bedroom apartment to what it would cost to buy a 4 bedroom house. Share this post Link to post Share on other sites
Hardcore troubadour 12,960 Posted October 6, 2022 Just now, TimHauck said: The house/apartment/mobile home that you live in. I see it often where people try to compare the rent they pay for a 2 bedroom apartment to what it would cost to buy a 4 bedroom house. No you don’t. Share this post Link to post Share on other sites
craftsman 1,045 Posted October 6, 2022 6 minutes ago, TimHauck said: The house/apartment/mobile home that you live in. I see it often where people try to compare the rent they pay for a 2 bedroom apartment to what it would cost to buy a 4 bedroom house. I live in an apartment. That is what I posted. How is that hard to understand? Share this post Link to post Share on other sites
TimHauck 1,885 Posted October 6, 2022 12 minutes ago, Hardcore troubadour said: No you don’t. Utilit for one… Share this post Link to post Share on other sites
TimHauck 1,885 Posted October 6, 2022 6 minutes ago, craftsman said: I live in an apartment. That is what I posted. How is that hard to understand? What would it sell for if it was a condo? Share this post Link to post Share on other sites
craftsman 1,045 Posted October 6, 2022 6 minutes ago, TimHauck said: What would it sell for if it was a condo? It's not a condo. I rent an apartment. And I'm not a realtor. Why do you focking care? Share this post Link to post Share on other sites
TimHauck 1,885 Posted October 6, 2022 15 minutes ago, craftsman said: It's not a condo. I rent an apartment. And I'm not a realtor. Why do you focking care? Because you’re not making a fair comparison by comparing your rent for an apartment to what it costs to buy a house. Share this post Link to post Share on other sites
Hardcore troubadour 12,960 Posted October 6, 2022 3 minutes ago, TimHauck said: Because you’re not making a fair comparison by comparing your rent for an apartment to what it costs to buy a house. When did he do that? Share this post Link to post Share on other sites
MDC 5,979 Posted October 6, 2022 Liar Pilot wants links now. Share this post Link to post Share on other sites
craftsman 1,045 Posted October 6, 2022 11 hours ago, TimHauck said: Because you’re not making a fair comparison by comparing your rent for an apartment to what it costs to buy a house. Ok. I don't care about your opinion on something you know nothing about. I don't know what else to tell your obsession. Share this post Link to post Share on other sites
TimHauck 1,885 Posted October 6, 2022 2 hours ago, Hardcore troubadour said: When did he do that? 8 hours ago, craftsman said: $1700 total per month for the two of us. It's less than the property taxes alone for homes around us. Share this post Link to post Share on other sites
craftsman 1,045 Posted October 6, 2022 7 hours ago, TimHauck said: What's with your obsession? Share this post Link to post Share on other sites
avoiding injuries 1,237 Posted October 6, 2022 16 hours ago, easilyscan said: The silver lining is that property taxes will immediately drop by the same amount. And my home owners insurance will issue me a refund 1 Share this post Link to post Share on other sites
Shooter McGavin 589 Posted October 6, 2022 16 hours ago, easilyscan said: The silver lining is that property taxes will immediately drop by the same amount. This is a joke, right? Share this post Link to post Share on other sites
TimHauck 1,885 Posted October 6, 2022 30 minutes ago, craftsman said: What's with your obsession? An obsession with actually answering questions that people ask me? Share this post Link to post Share on other sites
craftsman 1,045 Posted October 6, 2022 31 minutes ago, TimHauck said: An obsession with actually answering questions that people ask me? So I live in an apartment. Why do you care? Share this post Link to post Share on other sites
TimHauck 1,885 Posted October 6, 2022 15 minutes ago, craftsman said: So I live in an apartment. Why do you care? Simply pointing out that it’s not really relevant to compare the cost of renting an apartment to the cost of buying a house. If you were to compare to the cost of buying a similar sized condo, that might make some sense. That is all. Share this post Link to post Share on other sites
Sean Mooney 1,223 Posted October 6, 2022 The average property tax in New Jersey is 8400. So craftsman says he lives in an area that is paying 22000-30000 in property taxes. I mean- not likely Share this post Link to post Share on other sites