There will be NO housing market crash. Credit standards are much higher and there’s way more fear and sophisticated buyers in the residential market.

likesmartfunny
Posting as :
works at
You are currently posting as works at

Yea, we repeat that every week. What prompted your post

like

People keep waiting and I fell like it’s to their own detriment

like

I’m not asking for a crash I’m asking for a correction due to rising interest rates

like

Exactly. Interest rates increased tremendously whereas housing prices went down just a bit. Im waiting for it to catch up. It just doesn’t make financial sense to buy a house now basically since housing prices have barely changed when peoples buying power is so much worse.

People who are waiting for prices to fall are missing out

One year ago rates were 3.5%. Even a month ago rates were in the 6% range

Wow… looks like everyone thinks housing will go up.

Which means it’ll probably go down.

I think some are saying the payments will go up (it will be more expensive to buy a home), but that doesn’t necessarily correlate to sale prices.

I’m not sure how we are defining crash versus correction.

In several markets we are quite a bit down from the highest of highs. I’m Austin where I am prices are down at least 20% in many areas from the highs. Is that a correction? Yes. Crash? Maybe not.

Granted those crazy prices didn’t last that long, some people still will feel some pain if they bought recently and for some reason are trying to sell.

Interest rates are the big unknown. We keep saying no crash but to me that is predicated on moderating the interest rate hikes. We assume that hikes will slow…. Most analyst agree. But “most analysts” have also been wrong many times. Our federal government seems absolutely determined to destroy any progress the Fed is making with more handouts and there’s still a ton of cash across individuals and corporations. If inflation doesn’t cool fairly soon …. Expect severe pain with increasing rates.

Bold assumption mr consultant.

Consumer debt is going up to a dangerous level with rising CC interest rates. It’s a fragile situation in my opinion. Not saying that it’ll be 2008 again, but probably smart to expect some headwinds.

Unemployment is still extremely low, hence why inflation is so sticky. If you look at JOLTS and non-farm payroll reports, you’ll see people are still finding jobs even if they leave their jobs which is pushing up inflation. There’s a multitude of reasons like there are less qualified workers today because Covid retired many seniors early, accelerated automation… etc One constellation, is that it seems that wage inflation is starting to come down a little.

But all in all, even if bills are piling up, people will sell their TVs, furniture, cars, boats etc… before they sell their house.

Imagine selling your house that you got a 215k mortgage for paying 3.0% interest for 175k, just to rent at an amount higher than your mortgage for less property while still paying off the mortgage of your former home.

Crazy right? That’s why there will be no crash, and any dip in prices will be absorbed quickly by all of the hungry buyers currently priced out of the market.

Related Posts

Is Argyle, TX good place to buy home and raise family?

like

Hi-I have 120K in cash in HYSA. After keeping emergency fund aside. Still have 75-80K available that I plan to invest. After 401k, HSA, IRA and monthly expenses: we are left with 6K every month. So investing 12K every month in market. My worry is with that rate - it will take us 12-14 months to move the extra 75-80K mentioned above. However do not want to make a bulk move. Any advise how to plan the switch. At present have 60K invested in stocks. Thanks

like

Hi All,

Can anyone let me know the premium per month for group term life insurance policy by lti.
As this premium will be deducted from our salary so can we add this deduction under tax exemption or not ?

PS : I am a new joinee and filling form B for projected investment, please let me know anyone.

like

Would you marry someone if they had a lot of loans on their head?

likefunny

I am not able to upload my tax declaration details from the greyHR portal. It is showing an error message since morning. Is there anyone else who is facing the same issue

likefunny

Is it possible to have zero tax with 13.5 lpa with the following tax benfits ?
80C 1.5 lpa , 80 CCD(2) NPS 50k ,
Home loan 2 lpa.

like

I’m leaving my job soon but I’m wondering if I should be truthful when I hand in my letter of resignation. There’s a ton of reasons but it boils down to: I’m worth more than they can pay me and I need to pay off these student loans. What should I say?

like

Anyone with a leased car move from NJ to other states? If yes, could you please help me understand the process to get sales tax refund from NJ? Thanks in advance!

like

For any real estate investors

22 years old and currently focused on using my left over income to invest and pay off my debt. I am set to pay off my college loans by next year and, when I do, I want to look into investing into real estate. Does anyone have any suggestions on how to get into/learn more about real estate investing? Or how I can have enough knowledge on the topic to be able to invest wisely when the time comes?

Any books? youtubers? etc. How did you all learn about it?

like

Do desi consultants opt for 401K? Upside/downside?

like

Tips for refinancing a car I’ve had for 6 months. I’ve paid on time for every month but I’m paying $600/mo on a loan with 15% interest? I owe $25K. Will the original bank, Chrysler Capital, consider it or do I need to find another organization?

like

Hi All,
One of my friends has recently joined capgemini and has following doubts related to tax proof.
Can we edit the tax declarations in HGS portal every month any day?
Does Capgemini asks for rent agreement along with rent receipts as a part of tax proof submission?
Also which proofs needed for,
80c - elss lic
80d - insurance for senior citizen parents
80ccd1b - nps

Hi everyone!

Wanted to know if Amex uses a lot of proprietary softwares/ processes which have no value outside of Amex?

like

Other than Airbnb, what is the best way to find month to month rental options?

like

Thoughts on Transfix? Anyone invested?

like

How to bring tax liability to zero for 15 lpa ctc?
Can I claim hra for less than one lakh per FY and Maximum housing loan benefits?

The rental place and property under loan are in same city.. Parents stay in rental ( I pay rent) and I have purchased new flat in same city for myself.

likefunny

What is the most difficult part of buying a home for the first time?

likehelpful

Implications of a PE firm selling and a company bringing on a new investment partner?

funnylike

150K in Singapore, and $150K in Chicago. Which one would you accept?

like

Hi Experts ..Suffering from financial stress...my 90% commitments will be end by December..but felling so much stress to handle with money

like

More Posts

Any one else dream about starting their own startup as an exit opportunity? I think about it but not sure how to take that first step.

like

Hello everyone, I'm trying to get into real estate investing. Some of the books I've read have talked about buying a multi unit property and utilizing investors to get the necessary capital. Does anyone have experience in getting investors? How do you identify investors who may be interested? Are there any sites where you can invest in or post investment opportunities?
Thank you in advance.

like

NY/NJ riders - anyone in for a meetup one of these weekends?

like

Hi Guyz, Need advice

I have expertise in Mobile application
development.
I know android ,flutter and react native.
But as I am progressing in my career I get
to know I love doing coding for business
logic rather then Ul part.

So I am planning to learn any backend
technology as well. I am thinking to start
learning nodejs. I just know Javascript
and totally freshie in backend.
Is it good idea to learn any backend.
technology and what technology I should
go for nodejs, dot net or anything else.

like

Please help with 11 likes. Thank you

like

Hello Fishes,

I currently hold offers from below:
IBM - 15.5 LPA
CTS - 18.5 LPA
PWC India - 16 LPA
Oracle Financial Services Software(OFSS) - 21 LPA

Planning to join OFSS as I will work in product development team and can work in any shift timings with WFH.

Today I had my 2nd round interview with EY GDS and got rejected.
Do I need to worry about this and feel low?
Could EY GDS would have been better instead of OFSS?

Please provide your valuable inputs.

like

On a scale of 1 to 10, how would you rate your looks and personality, 10 being highest?

like

Have any of you been a part of the protests in Portland? If so what was your take on what is happening there.

likefunny

I have recovered from Corona Virus. Its 6 weeks now and I can tell you that the after effects are real. I have anxiety that I will never get over the fatigue, brain fog, inability to form sentences and words and headaches which make my work days very difficult to get thru.

like

Does anyone have insight on the Executive Assistsnt pay range at Cisco? I’ve recently ventured into applying for more senior roles and am wondering what the difference in pay will be.

like

Any McK fish open to referring? Currently work in financial services corporate strategy and hoping to break into the Dallas office.

likefunny

Right-wing Republican moving family from deep blue progressive city. Looking for excellent schools, low property taxes. reasonable housing prices, and a high percentage of Republican voters. Any suburb recommendations?

likefunnyuplifting

Anyone down to play tennis in Frisco/Plano?

like

Is Argyle, TX good place to buy home and raise family?

like

Single book recommendation for user research?

Goal is interview prep. Ideally focused on applications in tech.

like

Hi everyone Kindly let me know which is the best out of these two
YOE: 11
HCL -- 32(includes everything)
Publicis Sapient -- 33
Heard lot of firing in PS and about WLB.
Need company which has better WLB, job security and growth

like

Hi All,
I had my 1st round of interview with Executive Director and 2 leads for Technical role. I have 2 queries-
1. How many rounds should i expect in total considering I clear everything? (I think my first round itself has technical + manger/director)
2. How long (time) will it take to get an offer?
TIA :)

helpful

NWA❗️

Got the call for this piece yesterday.

Post Photo
likeuplifting

Additional Posts in The Real Estate Bowl

Does anyone have experience managing an out of state property yourself? Are there any tips/services you use?

like

Does anyone know what this means?
"Can anyone, other than you, claim a homestead interest in the property that will secure repayment of the loan?"
My spouse and I are applying for the loan and would like to be on the title.

like

idk if this is the right place to post but...
Ok so I was carless -- I was assembling my new bed frame and one as I was grabbing one of the long parts; I set it vertically and my fan was on and hit the edge. I literally just moved in 5 days ago and I already scratched these pristine fans, I'm irate and I want to fix it.
Is there any kind of paint. or is there a way to polish it so it doesn't look as bad :(

Post Photo
like

What's common % for Property management fees? I've seen anywhere from 6.5%-10%

like

Commercial real estate question. When a residential property will likely zone commercial in the coming years, do we, the owner, wait for a buyer/developer to contact us?

like

Is it the worst time to buy real estate because of the interest rates?

like

Any reason why the listing agent recommend I use a specific title company?

like

Once all the boomers are gone will there be a gult of homes? I have rentals here will they be worthless in the future?

funny

Is it possible to give a real estate a budget you want to work with in terms of how much you’re willing to pay a month and see what they can get you?

like

At what income level should one be comfortable to spend 2400/mo on rent in HCOL? Assuming single, no kids, no debt or major expenses.

like

How big is to big for an initial investment property. Theres a 20 SFH portfolio for sale by me for about a mil. Is this to big to start with initially? I'm less worried about the Financials (feel comfortable on that end) and more worried about the managerial aspect.

like

Atlanta vs Savannah vs Tampa?

like

Any investors in the woodlands Texas for single family homes, rent looks good as per Zillow , good school district and houses are still affordable compared to Dallas and Austin

like

I’ve been thinking about getting into real estate investing. Not right now but later down the road. I’ve been trying to save up for a down payment. What are some good resources for a beginner? Blogs, YouTube, books etc I’m not looking for paid courses because I will be learning at a slow pace. Any help will be appreciated.

like

I recently bought my 1st home in TX. I want to get into real estate and eventually own/rent out multiple homes. Are there any good recommendations/tips on books/articles/websites that others have used to get started?

I've read about HELOC and cash out refinance to get a 2nd home but articles are so scattered that it gets confusing which is better in terms of tax benefits and immediate costs, etc. Anything others have found helpful that summarized how to get started would be great!

like

How accurate is AirDna rentalizer revenue and occupancy (assuming you are best or at par with top area listings) - specifically in big city suburb if that makes a difference. Looking for any and all opinions of airdna rentalizer

like

UK - thinking of a buy to let in either Birmingham, Liverpool, Manchester - any recommendations on either /areas where you can get something under £140k.

like

Can my vacation home be 45 minutes away if it’s at the beach? Or does that look suspicious? I want to get in for 10% down and lower rate than an investment home

like

Are most new houses being built with induction cooktop? What has everyone experience been like? I personally had non compatible cookware with induction cooktop and wondering if I should just buy a new cooktop (electric, gas etc).. Other reason is that I read that it's also not healthy due to electromagnetic waves?

like

I have over 12 years in B2B sales/sales management experience along with a graduate degree. I am wanting to shift gears and I am at a point where I can invest time in myself to learn through practical experience. The new industry I am wanting to pursue is real estate investment. I have read all the books but want some hands on experience on the property management side. How could I best leverage my skills for a role in this, and what should my expectations be for negotiation in compensation?

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal