So what happens when the govt stops artificially keeping interest low and it

Apr 19, 2021
4:16:43pm

Ycrazy All-American

goes back to 5% ish? Do the values drop meaning thousands are now upside down in their home?

This message has been modified

Originally posted on Apr 19, 2021 at 4:16:43pm

Message parent changed from https://www.cougarboard.com/board/message.html?id=25985911 to https://www.cougarboard.com/board/message.html?id=25985865 by Ycrazy on Apr 19, 2021 at 4:17:09pm

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Ycrazy

Bio page: Ycrazy
Joined: Apr 14, 2011
Last login: Apr 28, 2024
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Messages

Author

Time

Real Estate Affordability

Sandiegan

4/19/21 4:05pm

^^^Realtor^^^

Niiineteeen84

4/19/21 4:08pm

RE: ^^^Realtor^^^

Sandiegan

4/19/21 4:11pm

Those price averages will vary greatly depending on part of Utah. The rural parts will pull down more populated &

Soupie

4/19/21 4:09pm

RE: Those price average will vary greatly depending on part of Utah. The rural

Sandiegan

4/19/21 4:13pm

What first time home buyer has 80k for a down payment?

gilbertatty

4/19/21 4:09pm

All those trendy crypto mining gamer dudes.

barnacle

4/19/21 4:11pm

this

LeonMarek

4/19/21 4:12pm

This doesn’t really change the substance of the OP, and there are lots of ways

Junior Deputy

4/19/21 4:13pm

I did. Actually paid it today. But I turn 38 next month so we've had some time

yerromnitsuj

4/19/21 4:28pm

Taxes are more on a more expensive home. So is insurance

DeekLyfter

4/19/21 4:14pm

RE: Taxes are more on a more expensive home. So is insurance

Sandiegan

4/19/21 4:18pm

If it's a new build it is

DeekLyfter

4/19/21 4:20pm

So what happens when the govt stops artificially keeping interest low and it

Ycrazy

4/19/21 4:16pm

What makes you believe that will happen in the relatively near future?

WhereIsDonLewis

4/19/21 4:18pm

RE: So what happens when the govt stops artificially keeping interest low and it

Sandiegan

4/19/21 4:21pm

My wages aren't going up.

Eddie

4/19/21 4:17pm

Those industries almost nobody is a single income family. Almost impossible.

Ycrazy

4/19/21 4:17pm

Where I live there are programs to help teachers but homes for less

DeekLyfter

4/19/21 4:18pm

Where are you finding a house in Utah for $400k that someone wants to live in?

WhirleyPop

4/19/21 4:18pm

Townhouses going for $500k right now

palangi

4/19/21 5:18pm

Prices also may continue to skyrocket due to legislation coming down the pike.

CougarTailDevourer

4/19/21 4:19pm

RE: Prices also may continue to skyrocket due to legislation coming down the

Sandiegan

4/19/21 4:24pm

You know you can start your message on the first line, right? Then with what we can see in title, we'll decide if we

Soupie

4/19/21 4:30pm

Last I checked there was an astronomical amount of homes in forbearance

CougarTailDevourer

4/19/21 4:31pm

Accordingly to the big banks those houses are all spoken for and will never hit

Nat Gas Man

4/19/21 5:23pm

Isn’t that the guy that’s been telling people for a year or so to not buy a

Junior Deputy

4/19/21 4:29pm

I have no idea. I don't watch him religiously. I just thought his take was

CougarTailDevourer

4/19/21 4:32pm

He’s a bit alarmist for my taste

Junior Deputy

4/19/21 4:33pm

Seems like a lot of YouTube analysts are. A more extreme position gets more

CougarTailDevourer

4/19/21 4:36pm

Bingo.

Junior Deputy

4/19/21 4:42pm

Got divorced last year and sold my townhome.. in that year same house +50% value

groy

4/19/21 4:21pm

I can't speak to the Utah Market, but I keep hearing the same thing in Vegas

Gente_Boa

4/19/21 5:10pm

How can everywhere have a serious housing shortage at the same time?

barnacle

4/19/21 5:16pm

I mean I'm sure there are some places in the country that aren't experiencing a

Gente_Boa

4/19/21 5:24pm

Demand is strong where ever there are a couple hundred thousand people but

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