Welcome to the Hardcore Husky Forums. Folks who are well-known in Cyberland and not that dumb.

Real estate market starting to

jecornel
jecornel Member Posts: 9,737
soil the sheets. Market gonna flush some people out badly. Gonna be some tough stains to remove.

Comments

  • pawz
    pawz Member, Moderator, Swaye's Wigwam Posts: 22,472 Founders Club
    YR, YK.


    Also, TWO $20M properties went under contract in West Bellevue in the last 24 hours.

    So who fucking knows? 🤷‍♂️

  • jecornel
    jecornel Member Posts: 9,737
  • pawz
    pawz Member, Moderator, Swaye's Wigwam Posts: 22,472 Founders Club
    pawz said:

    YR, YK.


    Also, TWO $20M properties went under contract in West Bellevue in the last 24 hours.

    So who fucking knows? 🤷‍♂️

    #3 in 36 hours.

    WTF

  • PurpleThrobber
    PurpleThrobber Member Posts: 48,112 Standard Supporter
    pawz said:

    pawz said:

    YR, YK.


    Also, TWO $20M properties went under contract in West Bellevue in the last 24 hours.

    So who fucking knows? 🤷‍♂️

    #3 in 36 hours.

    WTF

    Black Rock likes nice things.

    Need sweet payoff homes for the elites when the Great Reset hits.



  • pawz
    pawz Member, Moderator, Swaye's Wigwam Posts: 22,472 Founders Club

    pawz said:

    pawz said:

    YR, YK.


    Also, TWO $20M properties went under contract in West Bellevue in the last 24 hours.

    So who fucking knows? 🤷‍♂️

    #3 in 36 hours.

    WTF

    Black Rock likes nice things.

    Need sweet payoff homes for the elites when the Great Reset hits.



    Bookmark it. Can confirm in abt 45 days.

  • jecornel
    jecornel Member Posts: 9,737
    Are multi-millionaires or billionaires suffering in this economy? Unless of course, your money is in crypto?
  • TurdBomber
    TurdBomber Member Posts: 20,041 Standard Supporter
    jecornel said:

    Are multi-millionaires or billionaires suffering in this economy? Unless of course, your money is in crypto?

    A civil war is brewing, and when it comes, it will be over class, not race, because 60% of Hispanics will be Republicans by then, as will 40% of Blacks, because the Dems are alienating large swaths of each community with their casual condescending daily racism.

    Who wants @HHusky's house when the Libs fall?
  • Pitchfork51
    Pitchfork51 Member Posts: 27,662
    jecornel said:

    Are multi-millionaires or billionaires suffering in this economy? Unless of course, your money is in crypto?

    The crypto bros are like shroedingers millionaires. Dope af and rich af to the girls and everyone in hearing distance then on the side they ask you quietly for a job lol
  • TurdBomber
    TurdBomber Member Posts: 20,041 Standard Supporter
    jecornel said:

    Are multi-millionaires or billionaires suffering in this economy? Unless of course, your money is in crypto?

    Truthfully, I'm doing fine.
  • jecornel
    jecornel Member Posts: 9,737
    at least 50% of the country is not.

    jecornel said:

    Are multi-millionaires or billionaires suffering in this economy? Unless of course, your money is in crypto?

    Truthfully, I'm doing fine.
  • BleachedAnusDawg
    BleachedAnusDawg Member Posts: 13,294 Standard Supporter
    People have been calling for a bubble to pop for the past 5 years. There is no bubble, just higher rates that have driven some buyers out. No more bidding wars, but supply and demand curves are still wildly out of whack. You just will not see 20% YTY appreciation.

    I may be wrong on this, but I'm not seeing anything that says the market is going to crater by 50% as of today. The only IF is how bad of a recession we end up having. People need to lose jobs and be foreclosed for this to get bad, IMO.
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 114,091 Founders Club
  • Pitchfork51
    Pitchfork51 Member Posts: 27,662

    People have been calling for a bubble to pop for the past 5 years. There is no bubble, just higher rates that have driven some buyers out. No more bidding wars, but supply and demand curves are still wildly out of whack. You just will not see 20% YTY appreciation.

    I may be wrong on this, but I'm not seeing anything that says the market is going to crater by 50% as of today. The only IF is how bad of a recession we end up having. People need to lose jobs and be foreclosed for this to get bad, IMO.

    Nothings changed with me POTD
  • greenblood
    greenblood Member Posts: 14,560
    edited June 2022
    Houses in my county already have more price reductions in the last 30 days than all of last year combined.
  • Pitchfork51
    Pitchfork51 Member Posts: 27,662
    Real estate is a tool of white supremacy
  • jecornel
    jecornel Member Posts: 9,737
    :D

    Real estate is a tool of white supremacy

  • rodmansrage
    rodmansrage Member Posts: 6,379
    SFGbob said:
    i read that article yesterday. i guess the big takeaway was:

    This rapid rise in the cost of a home is particularly impactful for the LGBTQ community, which is less likely to own a home. First-time homebuyers have to pay the higher prices without getting a boost from the value selling an existing property that they own.

    but i guess if you're a first time homebuyer youre a first time homebuyer?

    but also in the article

    Location can also serve as a barrier to homebuyers in the community. Research from Zillow indicates that LGBTQ homeowners are more likely to live in urban areas than their cisgender peers, and that homes in areas that explicitly offer anti-discrimination protects can be $127,000 more expensive.

    im just spitballing here but maybe pick somewhere less costly to live?

    lastly, article was written by a guy with the last name of 'pound,' how fitting.
  • Bob_C
    Bob_C Member, Swaye's Wigwam Posts: 12,714 Founders Club

    SFGbob said:
    i read that article yesterday. i guess the big takeaway was:

    This rapid rise in the cost of a home is particularly impactful for the LGBTQ community, which is less likely to own a home. First-time homebuyers have to pay the higher prices without getting a boost from the value selling an existing property that they own.

    but i guess if you're a first time homebuyer youre a first time homebuyer?

    but also in the article

    Location can also serve as a barrier to homebuyers in the community. Research from Zillow indicates that LGBTQ homeowners are more likely to live in urban areas than their cisgender peers, and that homes in areas that explicitly offer anti-discrimination protects can be $127,000 more expensive.

    im just spitballing here but maybe pick somewhere less costly to live?

    lastly, article was written by a guy with the last name of 'pound,' how fitting.
    Biggest correlated demographic to wealth is age.
  • SFGbob
    SFGbob Member Posts: 33,183

    SFGbob said:
    i read that article yesterday. i guess the big takeaway was:

    This rapid rise in the cost of a home is particularly impactful for the LGBTQ community, which is less likely to own a home. First-time homebuyers have to pay the higher prices without getting a boost from the value selling an existing property that they own.

    but i guess if you're a first time homebuyer youre a first time homebuyer?

    but also in the article

    Location can also serve as a barrier to homebuyers in the community. Research from Zillow indicates that LGBTQ homeowners are more likely to live in urban areas than their cisgender peers, and that homes in areas that explicitly offer anti-discrimination protects can be $127,000 more expensive.

    im just spitballing here but maybe pick somewhere less costly to live?

    lastly, article was written by a guy with the last name of 'pound,' how fitting.
    And that's why you are an anti-gay bigot sir.
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 114,091 Founders Club

    SFGbob said:
    i read that article yesterday. i guess the big takeaway was:

    This rapid rise in the cost of a home is particularly impactful for the LGBTQ community, which is less likely to own a home. First-time homebuyers have to pay the higher prices without getting a boost from the value selling an existing property that they own.

    but i guess if you're a first time homebuyer youre a first time homebuyer?

    but also in the article

    Location can also serve as a barrier to homebuyers in the community. Research from Zillow indicates that LGBTQ homeowners are more likely to live in urban areas than their cisgender peers, and that homes in areas that explicitly offer anti-discrimination protects can be $127,000 more expensive.

    im just spitballing here but maybe pick somewhere less costly to live?

    lastly, article was written by a guy with the last name of 'pound,' how fitting.
    Even out here in Trump country you can't discriminate against the gays and no one is hunting them for sport
  • PurpleThrobber
    PurpleThrobber Member Posts: 48,112 Standard Supporter

    SFGbob said:
    i read that article yesterday. i guess the big takeaway was:

    This rapid rise in the cost of a home is particularly impactful for the LGBTQ community, which is less likely to own a home. First-time homebuyers have to pay the higher prices without getting a boost from the value selling an existing property that they own.

    but i guess if you're a first time homebuyer youre a first time homebuyer?

    but also in the article

    Location can also serve as a barrier to homebuyers in the community. Research from Zillow indicates that LGBTQ homeowners are more likely to live in urban areas than their cisgender peers, and that homes in areas that explicitly offer anti-discrimination protects can be $127,000 more expensive.

    im just spitballing here but maybe pick somewhere less costly to live?

    lastly, article was written by a guy with the last name of 'pound,' how fitting.
    If you look and act like a freak, you’re probably not getting a ton of high paying job offers - unless you’re part of the Biden administration.

    And no matter how you slice it, lenders still look at things like debt to income ratios.


    Puny income, puny ability to buy home.

    Same as it ever was.

  • WestlinnDuck
    WestlinnDuck Member Posts: 17,616 Standard Supporter
    Well, if they wouldn't check either "Are You Black" or "Are You a Tranny" box on their mortgage application, the lender would have no idea. See problem fixed.

    SFGbob said:
    i read that article yesterday. i guess the big takeaway was:

    This rapid rise in the cost of a home is particularly impactful for the LGBTQ community, which is less likely to own a home. First-time homebuyers have to pay the higher prices without getting a boost from the value selling an existing property that they own.

    but i guess if you're a first time homebuyer youre a first time homebuyer?

    but also in the article

    Location can also serve as a barrier to homebuyers in the community. Research from Zillow indicates that LGBTQ homeowners are more likely to live in urban areas than their cisgender peers, and that homes in areas that explicitly offer anti-discrimination protects can be $127,000 more expensive.

    im just spitballing here but maybe pick somewhere less costly to live?

    lastly, article was written by a guy with the last name of 'pound,' how fitting.
    If you look and act like a freak, you’re probably not getting a ton of high paying job offers - unless you’re part of the Biden administration.

    And no matter how you slice it, lenders still look at things like debt to income ratios.


    Puny income, puny ability to buy home.

    Same as it ever was.

  • DerekJohnson
    DerekJohnson Administrator, Swaye's Wigwam Posts: 68,500 Founders Club
    edited June 2022

    SFGbob said:
    i read that article yesterday. i guess the big takeaway was:

    This rapid rise in the cost of a home is particularly impactful for the LGBTQ community, which is less likely to own a home. First-time homebuyers have to pay the higher prices without getting a boost from the value selling an existing property that they own.

    but i guess if you're a first time homebuyer youre a first time homebuyer?

    but also in the article

    Location can also serve as a barrier to homebuyers in the community. Research from Zillow indicates that LGBTQ homeowners are more likely to live in urban areas than their cisgender peers, and that homes in areas that explicitly offer anti-discrimination protects can be $127,000 more expensive.

    im just spitballing here but maybe pick somewhere less costly to live?

    lastly, article was written by a guy with the last name of 'pound,' how fitting.
    Jesse Pound? Of the Coney Island Pounds?
  • Swaye
    Swaye Moderator, Swaye's Wigwam Posts: 41,739 Founders Club
    Bob_C said:

    SFGbob said:
    i read that article yesterday. i guess the big takeaway was:

    This rapid rise in the cost of a home is particularly impactful for the LGBTQ community, which is less likely to own a home. First-time homebuyers have to pay the higher prices without getting a boost from the value selling an existing property that they own.

    but i guess if you're a first time homebuyer youre a first time homebuyer?

    but also in the article

    Location can also serve as a barrier to homebuyers in the community. Research from Zillow indicates that LGBTQ homeowners are more likely to live in urban areas than their cisgender peers, and that homes in areas that explicitly offer anti-discrimination protects can be $127,000 more expensive.

    im just spitballing here but maybe pick somewhere less costly to live?

    lastly, article was written by a guy with the last name of 'pound,' how fitting.
    Biggest correlated demographic to wealth is age.
    @RaceBannon must have more money than God.

  • TurdBomber
    TurdBomber Member Posts: 20,041 Standard Supporter

    jecornel said:

    Are multi-millionaires or billionaires suffering in this economy? Unless of course, your money is in crypto?

    Truthfully, I'm doing fine.
    I don't have a lot of sympathy for speculators and reckless buyers & investors. If you buy beyond your pay grade, don't be surprised if you wind up buried in debt. I never bought shit without knowing I could survive a collapse. It sucks to watch my stocks plummet, but others are fairing far worse.

    This is a time when the discipline of dollar cost averaging is your best friend. Stay the course and you'll be fine a few years down the road.