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(Fox 59)   It would be a wonderful day in the neighborhood if you bought this house   (fox59.com) divider line
    More: Cool, Mister Rogers' Neighborhood, Fred Rogers, Puppeteer, Puppet, Latrobe, Pennsylvania, Rollins College alumni, Canadian Broadcasting Corporation, American television actors  
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2021-04-16 5:42:46 AM  
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2021-04-16 5:46:07 AM  
Does it have a dedicated cardigan closet?
 
2021-04-16 6:05:07 AM  
I don't care if Jesus comes with the house offering a lifetime supply of wine and foot washing whores. Only an idiot would buy a house in this market.
 
2021-04-16 6:25:11 AM  
Can I go to the magic kingdom whenever I want?
 
2021-04-16 6:30:07 AM  
It's actually pretty modest then what I was expecting even for a guy in the past who was on TV like Fred Rogers was. It's got some nice fancy interior stuff going on like that book shelf area but kinda seems average in a lot of ways. I like it.
 
2021-04-16 6:44:03 AM  

Nimbull: It's actually pretty modest then what I was expecting even for a guy in the past who was on TV like Fred Rogers was. It's got some nice fancy interior stuff going on like that book shelf area but kinda seems average in a lot of ways. I like it.


The area it is in is amazing.
 
2021-04-16 6:58:36 AM  

Claude Ballse: I don't care if Jesus comes with the house offering a lifetime supply of wine and foot washing whores. Only an idiot would buy a house in this market.


I'm selling my home in FL and moving to Virginia in a couple months.  I refuse to rent or be homeless.  I'm not crazy about the state of the market but what can you do.

/ can't wait to leave
 
2021-04-16 7:11:25 AM  

TheCableGuy: Claude Ballse: I don't care if Jesus comes with the house offering a lifetime supply of wine and foot washing whores. Only an idiot would buy a house in this market.

I'm selling my home in FL and moving to Virginia in a couple months.  I refuse to rent or be homeless.  I'm not crazy about the state of the market but what can you do.

/ can't wait to leave


You rent and wait it out.

Prices are too high for most folks now, so the market will become stale as homes cease to move. Eventually rates will rise further depressing affordability. In the mean time, lenders sitting on piles of cash won't have borrowers, essentially meaning that their money is dead and not working for them.

Prices will have to come down, and they will. When? I have absolutely no idea. But the same FOMO  that drove buyers will scare them into sales as prices drop and profit margins vanish. Further depressing prices.

It might be 2 years from now, 5, or even 10. But it will happen, and lenders will encourage the market value receding so that it opens back up to buyers. So that home you're buying now, instead of a year ago will have much thinner profit margins, if any at all. Early buyers will be fine, but late buyers such as yourself? You'll most likely be underwater. Which is perfectly fine if you love your house, can continue to afford the mortgage, and have no plans to move. But if the answer is no to any of those items, you'll be stuck with a toxic asset.

So no, you don't buy a house in this market. You wait it out. If you have some personal quirk that seriously bothers you about renting, you need to either overcome that, or stay where you are.
 
2021-04-16 7:18:15 AM  
I bet there's a hidden sex dungeon.
 
2021-04-16 7:47:33 AM  
Beautiful day in the neighborhood, Subby. Beautiful.
 
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