Personal Finance - Home Ownership

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That is a cool idea. Thanks.

lol like that’ll work. You’re delusional.

That’s some grassy-looking grass.

Look at the agents in this video. Pretty sure they are gonna be salivating to get you to buy a property with a 4% commission instead of a 2.5% commission. Especially if it is over priced.

Amazing they still care about stuff like this in lol Canada. Is that even illegal in the US? I would never have assumed it was. If you get a shitty realtor it’s on you—that’s capitalism.

Your 4% commission thing might work but not 25% over market. Maybe 5% over market would. Gotta maintain that plausible deniability—it’s basically what we have instead of laws.

I’d let them negotiate down to 10-15% over market.

Goddamn, those prices.

Oops!

Oops sorry you lost out on buying a house when the market was 20% lower than it is now, here’s a years worth of free credit checks worth approximately 25 cents in value

As of now I own a house. Warning - the last time I bought was is the summer of 2008

12 Likes

hey at least i’m not arguing we’re not in a recession!

I am in escrow on a home in Southern California and the appraisal just came back at $55k higher than sell price.

2 months ago, this house would have probably sold for 20% over list.

Lol sellers.

1st world problems:

I’ve come to rely on delivery a bit with the baby being such a massive time suck on everyone. New house isn’t on google maps yet, so I can’t deliver there from door dash or a lot of places yet. Not moved in yet fully, but really hope that gets fixed soon.

Well wish me luck. Today we are:

  1. Movers taking all of the big stuff to the new house
  2. Internet is getting moved to new house
  3. Backyard landscaping starts

If only one is a failure I’ll be happy

2 Likes

So everyone acknowledges we have a massive housing supply problem and prices are ridiculous yet builders aren’t building. This is super weird.

https://twitter.com/conorsen/status/1559519393587011587?s=21&t=tzPxME2Cf9IJpqigDjpf6g

They’re intent on holding these price levels no matter where the interest rate goes I guess.

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I could think of two reasons: 1) Cost of materials being so high that is not as profitable to build at the moment and 2) They’re predicting a drop in housing demand due to high prices and interest rates and developers don’t want to get stuck with too much inventory.

And also what boredsocial said.

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Maybe also loss of immigrant labor? Or just increasing labor costs in general, together with increased cost and supply shortages of materials and higher interest rates.