We are a month away from finishing our new build. Inflation, high rates,...

Oct 2, 2022
10:33:09pm

Leonardo Playmaker

and we can't get our house sold. The timing really came against us here. It's hard to not feel the weight of the world here.

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Leonardo

Previous username: Jazzyturtle
Bio page: Leonardo
Joined: Dec 27, 2013
Last login: Apr 29, 2024
Total posts: 1,984 (37 FO)

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Messages

Author

Time

Monthly mortgage payment for median home price up 50% over the last year

SierraCoug All-American

10/2/22 10:12pm

Quite a few people will not be moving anytime soon ...

IBe_WhyYou

10/2/22 10:17pm

Spring 2023 at earliest probably.

BlooCoog

10/2/22 10:26pm

Restricts supply of homes, raises prices. Who wants to drop a 3% rate for a 7%?

roseyscenario

10/3/22 12:55pm

We are a month away from finishing our new build. Inflation, high rates,...

Leonardo

10/2/22 10:33pm

What has building been like the past 6 months? We had thought about starting a

BlooCoog

10/2/22 10:36pm

Inflation wasn't so big when we started in January.

Leonardo

10/2/22 10:50pm

Thanks for the info. Sounds like it has been rough. Your story lines up mostly

BlooCoog

10/2/22 11:13pm

We're on the tail end of it. New starts are cratering, so supplies and labor

TailgateU

10/3/22 4:36pm

We were going to start out build in June. Had to finally stop. We already put

Idacoug

10/2/22 10:52pm

So you still need to lock on a loan for your new house? Sorry to hear that.

garyfan

10/2/22 11:06pm

I don’t think we could have done that because our builder does it cost plus.

Leonardo

10/2/22 11:13pm

when did you lock your rate? What rate did you get?

bdizzle

10/2/22 11:32pm

I haven’t yet. That’s a big part of the anxiety.

Leonardo

10/3/22 7:08am

You should definitely lock asap. There’s no upfront cost to locking and you can

bdizzle

10/3/22 2:43pm

I'm so sorry, man. I really, really hope it works out.

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