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Thread: Existing Home Sales

  1. #41
    Veteran Member bajisima's Avatar
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    Watching CNBC during lunch and they claim Home prices will skyrocket this year.

    "Low supply and high demand are fueling the gains and neither of those is expected to ease up anytime soon."

    https://www.cnbc.com/2018/01/02/home...r-in-2018.html

  2. #42
    SWED Missle Command Champion johnflesh's Avatar
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    The woman who helped us buy our current home is constantly trying to get me to sell being that it's a seller's market at the moment. She is saying that she has 10:1 request to buy over sell and we live in a very desirable city based on certain polls and whatnot. I will sell eventually, this house is way to big for just my wife and I. So once the kiddos are gone... hopefully as a seller we are in a good market at that time. There is no more room to expand in our city and everyone is moving either South in Security/Widefield or are going North between here and Denver.

  3. #43
    Moderator HayJenn's Avatar
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    Quote Originally Posted by bajisima View Post
    Watching CNBC during lunch and they claim Home prices will skyrocket this year.

    "Low supply and high demand are fueling the gains and neither of those is expected to ease up anytime soon."

    https://www.cnbc.com/2018/01/02/home...r-in-2018.html
    From your link

    Rising home prices are good news for home sellers, but add to the challenges that home buyers face," said Frank Nothaft, chief economist at CoreLogic, in the report. Nothaft said the limited supply is the worst at the lower end, and will hit the growing number of first-time buyers hardest.

    It's really a catch 22 at least here in CA

    Inventory is low - but the prices in many areas are so high that it prices out most people.

    I've told my husband when do you run out of people who can afford to buy 1 million plus homes?

    I myself am hoping to see more affordable housing...in the hardest hit areas.

    I've read several articles where people who work in SF have to do 6 hours of commuting each day to city because they simply cannot afford to actually live there.

  4. #44
    SWED Missle Command Champion johnflesh's Avatar
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    Quote Originally Posted by HayJenn View Post
    From your link

    Rising home prices are good news for home sellers, but add to the challenges that home buyers face," said Frank Nothaft, chief economist at CoreLogic, in the report. Nothaft said the limited supply is the worst at the lower end, and will hit the growing number of first-time buyers hardest.

    It's really a catch 22 at least here in CA

    Inventory is low - but the prices in many areas are so high that it prices out most people.

    I've told my husband when do you run out of people who can afford to buy 1 million plus homes?

    I myself am hoping to see more affordable housing...in the hardest hit areas.

    I've read several articles where people who work in SF have to do 6 hours of commuting each day to city because they simply cannot afford to actually live there.
    That was me in Houston. 2 hours each way. To live close to my job would be about a $100,000 increase on the cost of our old house. And that's in a 'cheap' market.

  5. #45
    Veteran Member bajisima's Avatar
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    Quote Originally Posted by HayJenn View Post
    From your link

    Rising home prices are good news for home sellers, but add to the challenges that home buyers face," said Frank Nothaft, chief economist at CoreLogic, in the report. Nothaft said the limited supply is the worst at the lower end, and will hit the growing number of first-time buyers hardest.

    It's really a catch 22 at least here in CA

    Inventory is low - but the prices in many areas are so high that it prices out most people.

    I've told my husband when do you run out of people who can afford to buy 1 million plus homes?

    I myself am hoping to see more affordable housing...in the hardest hit areas.

    I've read several articles where people who work in SF have to do 6 hours of commuting each day to city because they simply cannot afford to actually live there.
    I have read several articles that claim there will be big trouble in another 10-15 years when all these expensive homes go up for sale as boomers downsize. They claim student debt will still be high and preventing a new generation from buying in. Plus at least with my kids, they have no interest in a big home. So I dont know what will happen.

  6. #46
    Moderator HayJenn's Avatar
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    Quote Originally Posted by johnflesh View Post
    That was me in Houston. 2 hours each way. To live close to my job would be about a $100,000 increase on the cost of our old house. And that's in a 'cheap' market.
    When we were first married - that was the same for my husband. It was tough when I my kids were little. Luckily he found a new job a lot closer to home. Only 45 minutes each way with no traffic
    Thanks from johnflesh

  7. #47
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    Quote Originally Posted by HayJenn View Post
    This post makes zero sense.

    Do you even know what the Dodd/Frank bill is?
    Can you explain it to me?

    Please?

    In your own words, of course.

    Since I said the "magic word" I do hope you will comply with my request.

  8. #48
    Moderator HayJenn's Avatar
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    Quote Originally Posted by bajisima View Post
    I have read several articles that claim there will be big trouble in another 10-15 years when all these expensive homes go up for sale as boomers downsize. They claim student debt will still be high and preventing a new generation from buying in. Plus at least with my kids, they have no interest in a big home. So I dont know what will happen.
    The housing market always goes in cycles. Hopefully though we never have a cycle as bad as the one in 07. My kids are not interested in a big home either. I just hope they can afford one in So. Ca down the road.

  9. #49
    SWED Missle Command Champion johnflesh's Avatar
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    Quote Originally Posted by HayJenn View Post
    When we were first married - that was the same for my husband. It was tough when I my kids were little. Luckily he found a new job a lot closer to home. Only 45 minutes each way with no traffic
    That's not bad.

    I witness a woman getting launched through her windshield in a really bad accident. It haunts me to this day.

    That day I vowed to get a job working from home since it appeals to my work anyway. Luckily my job let me work from home and I'm still with them to this day.

    It made me understand that if I'm going to put myself at risk, and thus my family, it has to be worth it. The 2 hour one-way drive wasn't worth it anymore. I'm not going to risk dying to some idiot because I have to drive 2 hours to make money.

    This was about 5 years ago.

  10. #50
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    Quote Originally Posted by johnflesh View Post
    I'm not certain who you are actually responding to because the post you quoted has nothing to do with hate. But whatever, I'm not going to try to figure you out.
    Probably a good idea.

    "Haters gonna hate" means some people are always going to wish bad on America because Trump.

    They hate Trump so much that they want everything to go bad during his term.

    While I am not a fan of Trump, I always want everything to go good for America, and it doesn't matter who the president is.

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