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May 18, 2022
12:05
:15
pm
Hotlanta
Contributor
RE: Housing only goes up though?
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Hotlanta
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Hotlanta
Joined
Apr 12, 2021
Last login
Nov 25, 2022
Total posts
10,023 (299 FO)
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Messages
Author
Time
Hope you've got equity in your house.
Niiineteeen84
Blowhard
5/18/22 11:55am
What a disaster
TNT
5/18/22 11:58am
Housing only goes up though?
JollyGreenGiant
5/18/22 11:58am
RE: Housing only goes up though?
Hotlanta
5/18/22 12:05pm
Equity in a home is pretty worthless and fictional unless you sell or leverage.
byubyu
5/18/22 12:00pm
But it is leverage and protection from recession consequences, including
fbguru
5/18/22 12:11pm
There are very few things I think the government touches and makes better.
crack
5/18/22 12:10pm
Dammed if you do, dammed if you don't. This is the end result every time the Federal government tries to intervene to
SingleStrapBackpack
5/18/22 12:11pm
lol. Having to post with "dammed" is peak CB
letthewookieewin
5/18/22 12:13pm
Pretty sure you can go ahead and use "damned" when used in the context in this post (ie condemned to suffer in Hell)
Greg Kite's 'stache
5/18/22 1:48pm
They'll let the loans pay off themselves
NJBYUFan
5/18/22 12:23pm
What are borrowers refinancing into though? we'll never see better rates than
Iman23
5/18/22 12:26pm
I could see rates getting pretty low again in 2 years as Fed tries to get us out
johnnybyu
5/18/22 3:57pm
That works well when people have an incentive to refinance. But nobody has that incentive when rates are on the rise and
SingleStrapBackpack
5/18/22 12:35pm
I agree there a not attractive refi choices however
NJBYUFan
5/18/22 1:02pm
Of course they will. But you said the average buyer refis or sells every 2-3 years. That's dependent on a lot of refis.
SingleStrapBackpack
5/18/22 1:24pm
people cashing out their equity are still refinancing even with the higher rates
Gente_Boa
5/18/22 1:08pm
Yes, some will do that now but there is a limited pool of people that will do that. And if/when prices decrease due to
SingleStrapBackpack
5/18/22 1:24pm
Yes, but many loans will also be paid off due to people moving
Gente_Boa
5/18/22 2:16pm
That is all also true, but it doesn't lead to people moving or doing a refi every 2-3 years, which is the claim this
SingleStrapBackpack
5/18/22 2:33pm
I think that could change if rates don't come back down, people are going to
johnnybyu
5/18/22 4:00pm
Some will but cashing out equity when you get a lower rate is a lot easier than
johnnybyu
5/18/22 3:59pm
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