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Old 09-10-2022, 08:40 PM
 
23,571 posts, read 18,672,702 times
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Quote:
Originally Posted by RobertaWa View Post
And then there is this which is it's own brand of insanity. How are people supposed to live?

https://www.boston.com/real-estate/r...p_featurestack

Based off of averages on the "ApartmentAdvisor" platform which I assume pulls from broker listings. I'm immediately skeptical whenever I see boston.com as a source.
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Old 09-11-2022, 05:50 AM
 
7,920 posts, read 7,808,396 times
Reputation: 4152
There are asking prices and selling prices
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Old 09-15-2022, 04:57 PM
 
88 posts, read 52,288 times
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6.3% this week! We are never going to buy a home - us new generation with no downpayment - are we
Happy fall weather everyone
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Old 09-15-2022, 05:14 PM
 
408 posts, read 231,371 times
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Quote:
Originally Posted by Moh1988 View Post
6.3% this week! We are never going to buy a home - us new generation with no downpayment - are we
Happy fall weather everyone
I feel you (Elder Millennial here, 1985). We’re waiting to selling our current home before jumping up to Boston. My hope, by next year, rates will be a bit more reasonable. I bought my first house in 2016, with 2.5%. Prices are insane right now but I’m saving every penny towards a downpayment.
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Old 09-15-2022, 09:35 PM
 
2,710 posts, read 1,730,097 times
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Rates have been at historic lows the past few years. Everyone thinks rates are sky high right now, but they are just going back to normal.
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Old 09-16-2022, 01:42 AM
 
1,537 posts, read 1,122,563 times
Reputation: 734
Quote:
Originally Posted by matrix5k View Post
Rates have been at historic lows the past few years. Everyone thinks rates are sky high right now, but they are just going back to normal.
That’s true about rates, but prices are not coming down like you’d expect. The price to income ratios are higher than the last time 6% was the 30-year fixed rate and homebuyers are getting hit with the double whammy of higher price and higher rate. Triple whammy if you consider incomes on an inflation adjusted basis.
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Old 09-16-2022, 05:14 AM
 
2,348 posts, read 1,777,765 times
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Quote:
Originally Posted by Moh1988 View Post
6.3% this week! We are never going to buy a home - us new generation with no downpayment - are we
Happy fall weather everyone
You can still get an ARM in the 4's, maybe even 3's with no points. Figure by the time the ARM changes the rate, mortgage rates will go back to the lows.
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Old 09-16-2022, 07:19 AM
 
16,317 posts, read 8,140,203 times
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Default anon

Quote:
Originally Posted by Higherho View Post
I feel you (Elder Millennial here, 1985). We’re waiting to selling our current home before jumping up to Boston. My hope, by next year, rates will be a bit more reasonable. I bought my first house in 2016, with 2.5%. Prices are insane right now but I’m saving every penny towards a downpayment.
sounds fun. There are places to live besides Boston.
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Old 09-16-2022, 10:43 AM
 
88 posts, read 52,288 times
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Quote:
Originally Posted by Higherho View Post
I feel you (Elder Millennial here, 1985). We’re waiting to selling our current home before jumping up to Boston. My hope, by next year, rates will be a bit more reasonable. I bought my first house in 2016, with 2.5%. Prices are insane right now but I’m saving every penny towards a downpayment.
May the odds be in our favor
We were super active during the spring, but we pretty much are on the sideline at the moment,,, the budget is shrinking day after day with these rates! As you mention, we keep on savings and let's see what the new year brings.
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Old 09-16-2022, 10:47 AM
 
88 posts, read 52,288 times
Reputation: 88
Quote:
Originally Posted by matrix5k View Post
Rates have been at historic lows the past few years. Everyone thinks rates are sky high right now, but they are just going back to normal.
I don't kno what the situation was like when rates were high in term of pricing, inflation, and all these factors. All I know is in a span of 6 months,,, I lost over 130k in budget!
I guess this could be a new reality, and we have to adjust to this.
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