'Doubt and hesitation' are ripping through the housing market: 'People are starting their home search, then backing out'

Well I am just shocked, SHOCKED I say! Well...not that shocked

22 comments

who's got 5 digits in the bank for a down payment? let alone a bank that will approve a loan for the only "affordable" house which is affordable because it's falling apart?
- Five digits? Where you getting housing that it only takes five digits for a down payment?
  
  hint: the population is ~3000 and we have confederate statues
  
  Uh, even in more expensive areas $100k down payment seems a little insane
  
  Srsly
  
  My dad bought a house for 5k the other day. He so excited goimg around looking for more. The house should of been torned down and the town has zero jobs. But it bound and determined to gst us all to move there. "So cheap" there reason for that.
As planned.
Wealthy and corporations love buying properties to rent out.
Eventually the majority will have the vast majority of their income going to rent and bills for necessities, if we're not getting there already. With no escape. It's only going to get worse.
8647
#luigi
I am also mildly surprised.
I’m currently in this boat.. I’ve wanted to sell to buy land with a house somewhere cheaper, and I have a private offer on mine (never listed on the market, friend just knows I want to move and offered), but I’m seriously considering backing out (or at least heavily delaying) because there’s absolutely nothing meeting my requirements on the market, where three months ago there were dozens of options..
I've wanted to buy a house for like 10+ years. Never the right time.
- 20 years here. It wasn’t the right time for me in 2012, when it was rock bottom in the US. I refuse to pay 500k for a 70 year old tract home with a bad roof and original everything.
And of course my wife picked now to get divorced...
- Yeah mine did too. Don't worry, whatever settlement you end up with will be frustrating and disappointing to you both.
  The good news is that in 3 years all my salary will be mine and maybe I'll be able to afford a place then. Who knows. Probably not since that also expects us all to survive that long.

22 comments