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Old 09-06-2018, 10:46 AM
 
Location: Brawndo-Thirst-Mutilator-Nation
15,148 posts, read 15,198,298 times
Reputation: 10872

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I see RE-Listings, they are like troll-posts, so insanely overpriced.........trying to catch the last
rising-wave of this bubble (bubble?).
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Old 09-06-2018, 11:03 AM
 
Location: midvalley Oregon and Eastside seattle area
2,903 posts, read 1,344,207 times
Reputation: 2415
Quote:
Originally Posted by Ultrarunner View Post
You would think so since SF is a sanctuary city and all...
IIRC Oregon and Washington are friendly. They also have a housing boom.
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Old 09-08-2018, 12:16 AM
 
16,485 posts, read 17,501,756 times
Reputation: 23531
Quote:
Originally Posted by AlaskaErik View Post
So all those illegal aliens don't want to work? I thought that's what they crossed the border for.
Unskilled labor is literally a dime a dozen. You still need skills to build a house. If you want it to actually look like a house not some third world hovel.
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Old 09-09-2018, 07:02 PM
 
Location: Near Falls Lake
2,299 posts, read 1,675,948 times
Reputation: 2143
Quote:
Originally Posted by Electrician4you View Post
Unskilled labor is literally a dime a dozen. You still need skills to build a house. If you want it to actually look like a house not some third world hovel.
My son's business uses relatively unskilled labor (ditch diggers). Even at $20/hr in NC they are very hard to find!
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Old 09-09-2018, 07:19 PM
 
Location: Tennessee
20,955 posts, read 15,267,317 times
Reputation: 23722
Here in east TN, loan originations are beginning to slow down as layoffs at major local employers are occurring. It is now getting cheaper to rent and hopefully valuations will soon return to normal.
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Old 09-09-2018, 07:23 PM
 
Location: la la land
27,167 posts, read 11,349,748 times
Reputation: 19277
I didn't read all 246 posts but isn't it logical that prices would stabilize or drop with rising mortgage interest rates?
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Old 09-09-2018, 11:41 PM
 
Location: midvalley Oregon and Eastside seattle area
2,903 posts, read 1,344,207 times
Reputation: 2415
Quote:
Originally Posted by 2sleepy View Post
I didn't read all 246 posts but isn't it logical that prices would stabilize or drop with rising mortgage interest rates?
yes, but can you say WHY?
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Old 09-10-2018, 06:43 AM
 
Location: la la land
27,167 posts, read 11,349,748 times
Reputation: 19277
Quote:
Originally Posted by leastprime View Post
yes, but can you say WHY?
It seems obvious, most people calculate how much they can pay out each month on housing, that's based on the mortgage payment which is influenced by the interest rate and the sales price of the house.
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Old 09-10-2018, 08:29 AM
 
4,542 posts, read 11,544,610 times
Reputation: 3063
Quote:
Originally Posted by 2sleepy View Post
I didn't read all 246 posts but isn't it logical that prices would stabilize or drop with rising mortgage interest rates?
No, not necessarily. And who says mortgage rates went up? Mortgage rates have been stable for 8 months.
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Old 09-10-2018, 10:54 AM
 
Location: Lower East Side, NYC
1,837 posts, read 1,086,754 times
Reputation: 1290
Quote:
Originally Posted by 2sleepy View Post
It seems obvious, most people calculate how much they can pay out each month on housing, that's based on the mortgage payment which is influenced by the interest rate and the sales price of the house.
Ideally yes, but I'd argue that most realtors are greedy af and for what naturally should occur to happen will take a lot longer than the inverse, or a crash would have to happen. I'd love to see people collectively not buy forcing a correction, but I have a feeling that'd be a doosey on the economy.
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