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(CNBC)   Weekly mortgage demand definitely not made of brick   (cnbc.com) divider line
    More: Followup, Mortgage, Mortgage rates, first weekly drop, Mortgage loan, Real estate, Monetary policy, total mortgage application volume, average contract interest rate  
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632 clicks; posted to Business » on 18 May 2022 at 10:17 PM (11 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



10 Comments     (+0 »)
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2022-05-18 8:33:58 PM  
Um, wasn't that the intended result? Slow things down a bit?

I'm not complaining about the 30% jump in value for my house over the last year or so, but it's also made it about impossible to buy a place we really want to live in. Hopefully 6-12 months of weird grinding it out will get us back on less insane economic ground. We'll see.
 
2022-05-18 10:59:54 PM  

beezeltown: Um, wasn't that the intended result? Slow things down a bit?

I'm not complaining about the 30% jump in value for my house over the last year or so, but it's also made it about impossible to buy a place we really want to live in. Hopefully 6-12 months of weird grinding it out will get us back on less insane economic ground. We'll see.


Everyone: Do something about the rising house prices!!!
Fed: *Raises interest rates*
Everyone: NOT LIKE THAT!!!!
 
2022-05-18 11:23:23 PM  

Target Builder: beezeltown: Um, wasn't that the intended result? Slow things down a bit?

I'm not complaining about the 30% jump in value for my house over the last year or so, but it's also made it about impossible to buy a place we really want to live in. Hopefully 6-12 months of weird grinding it out will get us back on less insane economic ground. We'll see.

Everyone: Do something about the rising house prices!!!
Fed: *Raises interest rates*
Everyone: NOT LIKE THAT!!!!


It's insane right now. If we were buying our house today, the monthly mortgage payments would be nearly 3600/mo. Ours is a smidge more than half that, and we've only been here 5 years. If we were house hunting now, we'd probably have to settle for living in a goddamn townhouse listening to the neighbors boinking through the wall.
 
2022-05-18 11:25:13 PM  
Time for an industry bailout!
 
2022-05-18 11:26:20 PM  

Izunbacol: Target Builder: beezeltown: Um, wasn't that the intended result? Slow things down a bit?

I'm not complaining about the 30% jump in value for my house over the last year or so, but it's also made it about impossible to buy a place we really want to live in. Hopefully 6-12 months of weird grinding it out will get us back on less insane economic ground. We'll see.

Everyone: Do something about the rising house prices!!!
Fed: *Raises interest rates*
Everyone: NOT LIKE THAT!!!!

It's insane right now. If we were buying our house today, the monthly mortgage payments would be nearly 3600/mo. Ours is a smidge more than half that, and we've only been here 5 years. If we were house hunting now, we'd probably have to settle for living in a goddamn townhouse listening to the neighbors boinking through the wall.


Sex if you are lucky.  Fights if you are not.

Fight sex if you are REALLY lucky.
 
2022-05-18 11:50:28 PM  
Prices expand to fill budgets.
 
2022-05-18 11:54:39 PM  
So working as intended, subby?
 
2022-05-19 12:53:22 AM  

Izunbacol: Target Builder: beezeltown: Um, wasn't that the intended result? Slow things down a bit?

I'm not complaining about the 30% jump in value for my house over the last year or so, but it's also made it about impossible to buy a place we really want to live in. Hopefully 6-12 months of weird grinding it out will get us back on less insane economic ground. We'll see.

Everyone: Do something about the rising house prices!!!
Fed: *Raises interest rates*
Everyone: NOT LIKE THAT!!!!

It's insane right now. If we were buying our house today, the monthly mortgage payments would be nearly 3600/mo. Ours is a smidge more than half that, and we've only been here 5 years. If we were house hunting now, we'd probably have to settle for living in a goddamn townhouse listening to the neighbors boinking through the wall.


Used to hear my neighbors boinking through the walls. I'm sure they heard us too.

It was OK though back then. We were all young and healthy.
 
2022-05-19 1:05:47 AM  

beezeltown: Um, wasn't that the intended result? Slow things down a bit?

I'm not complaining about the 30% jump in value for my house over the last year or so, but it's also made it about impossible to buy a place we really want to live in. Hopefully 6-12 months of weird grinding it out will get us back on less insane economic ground. We'll see.


That should make for a fun property tax bill.
 
2022-05-19 9:30:18 AM  

JerkfaceMcGee: beezeltown: Um, wasn't that the intended result? Slow things down a bit?

I'm not complaining about the 30% jump in value for my house over the last year or so, but it's also made it about impossible to buy a place we really want to live in. Hopefully 6-12 months of weird grinding it out will get us back on less insane economic ground. We'll see.

That should make for a fun property tax bill.


Totally. Our last adjustment was four years ago; they're supposed to adjust every five years. The PVA value will probably jump 50% next year. Luckily property taxes are "relatively" low here, a bit under 1%, but still...my tax bill is higher than what I paid in rent 22 years ago. Meh...
 
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