Housing market's gonna crash

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  • OleBoot
    OleBoot Posts: 2,395
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    mhardy6647 wrote: »
    treitz3 wrote: »
    ...
    How are young people supposed to wing it when they first start out? Let alone, save up for the 20% down with rent rates and mortgage rates/purchase prices so damned high?

    It's not like they can have roommates in a 900SF apartment.....

    Tom

    Well, not large-ish roommates, at any rate. :#


    You'd need a flat mate.
  • ken brydson
    ken brydson Posts: 8,686
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    Biting my tongue to comment. Some of the posts are like a national weather report. Doesn't work.
  • GlennDog
    GlennDog Posts: 3,110
    edited July 2023
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    treitz3 wrote: »
    Our mortgage is about 1200/mo for 3K SF, sitting on over an acre and we don't have to pay for water/sewer because we are on a well.
    Tom

    Are you 20 years into a 30 yr mortgage? Cuz that's awesome!
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  • mhardy6647
    mhardy6647 Posts: 33,346
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    OleBoot wrote: »
    mhardy6647 wrote: »
    treitz3 wrote: »
    ...
    How are young people supposed to wing it when they first start out? Let alone, save up for the 20% down with rent rates and mortgage rates/purchase prices so damned high?

    It's not like they can have roommates in a 900SF apartment.....

    Tom

    Well, not large-ish roommates, at any rate. :#


    You'd need a flat mate.

    Well played, sir. Well played.
    B)
  • treitz3
    treitz3 Posts: 18,653
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    GlennDog wrote: »
    treitz3 wrote: »
    Our mortgage is about 1200/mo for 3K SF, sitting on over an acre and we don't have to pay for water/sewer because we are on a well.
    Tom

    Are you 20 years into a 30 yr mortgage? Cuz that's awesome!

    9 years. The home is now worth double what we paid for it too. We bought at the right time and it's a nice house with enough room to live very comfortably. All brick, metal wrapped and architectural shingles. No complaints here.

    Especially since there is no HOA to deal with. That was a requirement we did not budge on when looking.

    Tom
    ~ In search of accurate reproduction of music. Real sound is my reference and while perfection may not be attainable? If I chase it, I might just catch excellence. ~
  • nooshinjohn
    nooshinjohn Posts: 25,256
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    OleBoot wrote: »
    mhardy6647 wrote: »
    treitz3 wrote: »
    ...
    How are young people supposed to wing it when they first start out? Let alone, save up for the 20% down with rent rates and mortgage rates/purchase prices so damned high?

    It's not like they can have roommates in a 900SF apartment.....

    Tom

    Well, not large-ish roommates, at any rate. :#


    You'd need a flat mate.

    My mates need curves, and like to play...
    The Gear... Carver "Statement" Mono-blocks, Mcintosh C2300 Arcam AVR20, Oppo UDP-203 4K Blu-ray player, Sony XBR70x850B 4k, Polk Audio Legend L800 with height modules, L400 Center Channel Polk audio AB800 "in-wall" surrounds. Marantz MM7025 stereo amp. Simaudio Moon 680d DSD

    “When once a Republic is corrupted, there is no possibility of remedying any of the growing evils but by removing the corruption and restoring its lost principles; every other correction is either useless or a new evil.”— Thomas Jefferson
  • aprazer402
    aprazer402 Posts: 3,122
    edited July 2023
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    Sorry, copyrighted.