My own home has shot up in value by 22K in the last month. This is bonkers.

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Apr 19, 2021
4:27:25pm

CougarTailDevourer Intervention Needed

My own home has shot up in value by 22K in the last month. This is bonkers.

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CougarTailDevourer

Previous username: KeepItBalanced
New username: MHallDidNothingWr0ng
Bio page: CougarTailDevourer
Joined: Nov 11, 2016
Last login: Sep 13, 2023
Total posts: 0 (0 FO)

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Messages

Author

Time

Real Estate PRICES

boogers

4/19/21 4:21pm

This happened in 1970s. Surprise! Prices continue to rise on inflation fears.

roseyscenario

4/19/21 4:23pm

The 70's? When mortgage rates went into the teens? If that happens again

boogers

4/19/21 4:26pm

As i said, the mid teens which happened in the 1980s, stopped it. 5% won't.

roseyscenario

4/19/21 4:31pm

OK. 5% and rising will hit home values pretty hard tho'.

boogers

4/19/21 5:14pm

Raising interest rates would be very politically unpopular. I know the Fed is

Unibro

4/19/21 4:37pm

When mortgage payments were <$200.

ag4cougs

4/19/21 6:37pm

And incomes were <$10,000. When mortgage rates hit 5%, prices will be > than now

roseyscenario

4/20/21 5:39am

It's another bubble. Laugh and/or ignore at your own peril.

Indy Coug

4/19/21 4:24pm

Certainly demand would drop and price growth would taper off, however the

4/19/21 4:26pm

My own home has shot up in value by 22K in the last month. This is bonkers.

CougarTailDevourer

4/19/21 4:27pm

Rates ain't going up anytime soon

Sandiegan

4/19/21 4:41pm

Interest rates won't increase unless we have inflation which means prices and

johnnybyu

4/19/21 4:42pm

Bargains await those with cash when the bubble bursts

CBaass

4/19/21 4:45pm

I hope so and have been planning on that but inflation may be stronger than we

johnnybyu

4/19/21 4:47pm

Exactly the purchasing power could be greatly reduced

compcoug

4/19/21 4:51pm

Agreed I have a decent portfolio but have been on the sidelines for a few years

johnnybyu

4/19/21 4:54pm

If you’re interested in this sorta thing a HELOC can be a good play.

4/19/21 4:55pm

I liove helocs and use them often but with low rates doing cash out refis.

johnnybyu

4/19/21 7:35pm

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