[JBurkett19]

I agree with the previous post. If you’re financing, rates will not get any better. Rates already have seen the best. If crazy inflation sets in, as many say, then you’d be best served by financing now. If the Fed raises the window rate to 20%, to cool things off, prices will go down further, but no one will be able (or want to) finance at those rates.

Just my opinion-

[JBurkett19]

Sorry to hear about this situation. A previous post has it right. Things like this happen all the time in the real estate business. There are a lot of unethical people in the business. I think the best way to remedy the situation is for all sellers and buyers to boycott agents all together. I know this will never happen, so the only recourse is to always keep in mind that what motivates them is not working a deal that’s best for you, it’s working a deal that’s best for them. For every good agent, there are twenty bad ones.

[JBurkett19]

Sorry to hear about this situation. A previous post has it right. Things like this happen all the time in the real estate business. There are a lot of unethical people in the business. I think the best way to remedy the situation is for all sellers and buyers to boycott agents all together. I know this will never happen, so the only recourse is to always keep in mind that what motivates them is not working a deal that’s best for you, it’s working a deal that’s best for them. For every good agent, there are twenty bad ones.

[JBurkett19]

Sorry to hear about this situation. A previous post has it right. Things like this happen all the time in the real estate business. There are a lot of unethical people in the business. I think the best way to remedy the situation is for all sellers and buyers to boycott agents all together. I know this will never happen, so the only recourse is to always keep in mind that what motivates them is not working a deal that’s best for you, it’s working a deal that’s best for them. For every good agent, there are twenty bad ones.

[JBurkett19]

Sorry to hear about this situation. A previous post has it right. Things like this happen all the time in the real estate business. There are a lot of unethical people in the business. I think the best way to remedy the situation is for all sellers and buyers to boycott agents all together. I know this will never happen, so the only recourse is to always keep in mind that what motivates them is not working a deal that’s best for you, it’s working a deal that’s best for them. For every good agent, there are twenty bad ones.

[JBurkett19]

Sorry to hear about this situation. A previous post has it right. Things like this happen all the time in the real estate business. There are a lot of unethical people in the business. I think the best way to remedy the situation is for all sellers and buyers to boycott agents all together. I know this will never happen, so the only recourse is to always keep in mind that what motivates them is not working a deal that’s best for you, it’s working a deal that’s best for them. For every good agent, there are twenty bad ones.

[JBurkett19]

I agree that the gov’t will continue to be involved. But, with that said, the banks are borrowing from the Fed at near zero percent, and lending it bank to us at 2-3% by buying treasuries. Since this is being done on purpose, I think the banks should take all losses associated with the housing problem. The Fed should also charge them interest on the money they have sitting at the Fed. The banks didn’t do proper diligence when lending the money in the first place and they misrepresented their offerings to invenstors in Mortgage Backed Securities, so they’re ultimately to blame. The Banksters are filling in their financial gaps with our money, and the Fed is allowing it to happen by design. Folks should be outraged if the banks don’t absorb the housing losses and contribute more to fixing the probelm.

[JBurkett19]

I agree that the gov’t will continue to be involved. But, with that said, the banks are borrowing from the Fed at near zero percent, and lending it bank to us at 2-3% by buying treasuries. Since this is being done on purpose, I think the banks should take all losses associated with the housing problem. The Fed should also charge them interest on the money they have sitting at the Fed. The banks didn’t do proper diligence when lending the money in the first place and they misrepresented their offerings to invenstors in Mortgage Backed Securities, so they’re ultimately to blame. The Banksters are filling in their financial gaps with our money, and the Fed is allowing it to happen by design. Folks should be outraged if the banks don’t absorb the housing losses and contribute more to fixing the probelm.

[JBurkett19]

I agree that the gov’t will continue to be involved. But, with that said, the banks are borrowing from the Fed at near zero percent, and lending it bank to us at 2-3% by buying treasuries. Since this is being done on purpose, I think the banks should take all losses associated with the housing problem. The Fed should also charge them interest on the money they have sitting at the Fed. The banks didn’t do proper diligence when lending the money in the first place and they misrepresented their offerings to invenstors in Mortgage Backed Securities, so they’re ultimately to blame. The Banksters are filling in their financial gaps with our money, and the Fed is allowing it to happen by design. Folks should be outraged if the banks don’t absorb the housing losses and contribute more to fixing the probelm.

[JBurkett19]

I agree that the gov’t will continue to be involved. But, with that said, the banks are borrowing from the Fed at near zero percent, and lending it bank to us at 2-3% by buying treasuries. Since this is being done on purpose, I think the banks should take all losses associated with the housing problem. The Fed should also charge them interest on the money they have sitting at the Fed. The banks didn’t do proper diligence when lending the money in the first place and they misrepresented their offerings to invenstors in Mortgage Backed Securities, so they’re ultimately to blame. The Banksters are filling in their financial gaps with our money, and the Fed is allowing it to happen by design. Folks should be outraged if the banks don’t absorb the housing losses and contribute more to fixing the probelm.

[JBurkett19]

I agree that the gov’t will continue to be involved. But, with that said, the banks are borrowing from the Fed at near zero percent, and lending it bank to us at 2-3% by buying treasuries. Since this is being done on purpose, I think the banks should take all losses associated with the housing problem. The Fed should also charge them interest on the money they have sitting at the Fed. The banks didn’t do proper diligence when lending the money in the first place and they misrepresented their offerings to invenstors in Mortgage Backed Securities, so they’re ultimately to blame. The Banksters are filling in their financial gaps with our money, and the Fed is allowing it to happen by design. Folks should be outraged if the banks don’t absorb the housing losses and contribute more to fixing the probelm.

[JBurkett19]

You may be well served to wait, because I don’t think interest rates will go so high that it makes a huge difference; however I wouldn’t recommend becoming inactive in the market. Someone else posted a good observation on another place here, and that is there are a ton of eyes on this market and an inactive buyer is even more at a disadvantage than one actively persuing. Even with all of the inventory out there, and the so-called experts calling for more to come, good deals don’t stay for long. Find a particualr neighborhood you’re interested in and watch it closely. If something comes up you like, put in an offer. See how things play out. Stay emotionally detached from the transaction and it’ll happen how it’s supposed to.

From my perspective, and as long as you’re in it for at least ten years, and mortgage interest and property taxes are tax deductible, it’s almost always better to buy a SFR than rent one. Unless rents are crazy cheap, which they’re not.

Remember that the old saying still holds true. No one is making more land.

[JBurkett19]

You may be well served to wait, because I don’t think interest rates will go so high that it makes a huge difference; however I wouldn’t recommend becoming inactive in the market. Someone else posted a good observation on another place here, and that is there are a ton of eyes on this market and an inactive buyer is even more at a disadvantage than one actively persuing. Even with all of the inventory out there, and the so-called experts calling for more to come, good deals don’t stay for long. Find a particualr neighborhood you’re interested in and watch it closely. If something comes up you like, put in an offer. See how things play out. Stay emotionally detached from the transaction and it’ll happen how it’s supposed to.

From my perspective, and as long as you’re in it for at least ten years, and mortgage interest and property taxes are tax deductible, it’s almost always better to buy a SFR than rent one. Unless rents are crazy cheap, which they’re not.

Remember that the old saying still holds true. No one is making more land.

[JBurkett19]

You may be well served to wait, because I don’t think interest rates will go so high that it makes a huge difference; however I wouldn’t recommend becoming inactive in the market. Someone else posted a good observation on another place here, and that is there are a ton of eyes on this market and an inactive buyer is even more at a disadvantage than one actively persuing. Even with all of the inventory out there, and the so-called experts calling for more to come, good deals don’t stay for long. Find a particualr neighborhood you’re interested in and watch it closely. If something comes up you like, put in an offer. See how things play out. Stay emotionally detached from the transaction and it’ll happen how it’s supposed to.

From my perspective, and as long as you’re in it for at least ten years, and mortgage interest and property taxes are tax deductible, it’s almost always better to buy a SFR than rent one. Unless rents are crazy cheap, which they’re not.

Remember that the old saying still holds true. No one is making more land.

[JBurkett19]

You may be well served to wait, because I don’t think interest rates will go so high that it makes a huge difference; however I wouldn’t recommend becoming inactive in the market. Someone else posted a good observation on another place here, and that is there are a ton of eyes on this market and an inactive buyer is even more at a disadvantage than one actively persuing. Even with all of the inventory out there, and the so-called experts calling for more to come, good deals don’t stay for long. Find a particualr neighborhood you’re interested in and watch it closely. If something comes up you like, put in an offer. See how things play out. Stay emotionally detached from the transaction and it’ll happen how it’s supposed to.

From my perspective, and as long as you’re in it for at least ten years, and mortgage interest and property taxes are tax deductible, it’s almost always better to buy a SFR than rent one. Unless rents are crazy cheap, which they’re not.

Remember that the old saying still holds true. No one is making more land.

[Author]

Posts