Today is the cheapest houses will ever be

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

…is what I might say if I were giving financial advice, which I’m not

Agree

Lol as a real estate professional, I disagree.

Over long periods of time houses always go up, true. Over short periods of time, usually around rate cuts that’s not a for sure thing. The data correlation favors rate cuts and price cuts. But everyone has a short memory and thinks Covid prices are the expected behavior. The market has changed, lots of people would like to buy but prices are too high. Job market is generally stagnant for above average paying careers. It’s not 2021 again. All signs point to a continued slowdown, it’s risky to take on a 5k mortgage, most people will hold off if possible.

What you says invalidate because spending and income is still growing, the economy is still growing, people’s reality was just dwarfed by the cycle of easy monetary policy. We can afford to keep rates higher for even longer. Like I said, unemployment is still extremely low. People are actually working now and businesses are getting more efficient, average hours worked is finally start to pickup. Easy money is gone, that doesn’t mean they need to get back to easy money.

Post Photo

Related Posts

Moving to NYC this summer, making 40x rent for most places but don't have any credit score (non US citizen).

Any tips on how to avoid expensive gurantors?

likesmart

I’m in real estate tax group and looking for good books about RE fund/investments/accounting during non busy season. Any recommendations? Thanks!

Tax Loss Harvesting worth it - if the future cap gains exceed what you may save now? Torn between adding more vs harvesting (gains on individual stocks/etfs are minimal to none this year) lol

like

Question, if you pay off your house isn’t a 100k salary more than enough to sustain a good lifestyle? My goal has always been to payoff my mortgage then find a really easy analyst role to sustain my expenses. Assuming I’m a director/VP by the time my mortgage is paid off I’d probably be able to do an analyst 40hr week in like 10hrs. Esp at some of these low expectation companies. What do y’all think about this plan?

smartlike

What are currently the best Canadian credit cards for travelers? Looking for Aeroplan or bonvoy points or companion tickets

like

My assumption is that one makes money in RE with leverage. So, would you never let your equity in any given property get above certain% (I.e re-leverage and invest elsewhere) or would one eventually want to own a property outright?

like

Do you have a prenup? What does it involve?

like

Recommendation for a CPA/ financial advisor in NY? Have oversea assets and investment property in the States. Can't seem to find anyone legit on Yelp:(

like

Best place to park money for someone 60+ ? Fam is selling prop and will have $300K+. They make some small investments in property partnerships, but mostly will need to park this and make something. Money market ? Maybe 5% in index fund or something ? Suggestions, ideas would be helpful.

like

What am I supposed to do with a firms mandatory pension notice? $6B... okay, seems good 🤷🏻‍♀️

Or am I supposed to actually pay attention to something specific in the notice?

likehelpful

This has probably been asked many times in this bowl - what’s the best hotel rewards program? I have the Chase Sapphire Preferred card and I’m a Southwest RR member. I travel maybe 25-30% of the time

When picking up a J2, how much should you include about J1 on a background check?

like

Laaa laaaaaaa lala wait till i get my money right (just accepted a PE offer woo)

likefunnyuplifting

If the stock market sees a downturn would there be a selloff in crypto b/c income effect or more $ in due to 'safe haven' like gold

like

Roth vs Traditional 401k, thoughts?

like

Hi guys,

I got my full and final settlement today but I can see no tax deduction. Does anyone know the reason. 4k tax used to be deducted every month till now. I also got gratuity and leave encashment along

like

Hey, I’m thinking of getting a Mazda CX-5 2022. Is it a good car? Is it worth the price? Any problems I’ll run into in the future? Please talk about it! This is my first car and I’m super anxious and need to make a deposit soon! Thanks. Is it expensive to maintain?

like

Good recommendations for realtors in LP/OT area? Apartment rentals. Thank you!

like

Thoughts on investing long term in BA at current price?

like

Having trouble selling my (retired) dad's house. It needs a lot of work, but has great character. What if I buy it myself for a low, low price? Then I would be able to get a FHA 203k loan to do the updates. Rent it out or put it back on the market in the spring.

like

More Posts

Citi offering 15.3 LPA CTC
& Qualys offering 15 LPA Fixed.

Which one should I go with and why ?

Tech : Java, Sql, Angular.
YOE : 2 Yrs

like

Please help me to choose the best company based on WLB, Career growth and Job Security.
I have offers from below companies
1) Standard chartered - 20 Lakhs fixed
2) Devon - 21.5 fixed
3) Allstate - 23.5 fixed
4) T-systems - 25.5 fixed

YOE - 10 and role is for Scrum Master

Anybody did the apics certification in logistics ? I have the choose between the cslp and cscp but not sure which one I should be doing

So I have to play golf in order to succeed in this sort of professional environment? I.e. if I wanted to someday become a partner

funnylike

How is stay at home going to be enforced? Can I drive and pick up takeout and curb side shopping?

like

Does anyone know about Stabilix solutions? Growth opportunities and wlb?

CCTC: 17
YOE: 8.3

Got 2 offers:
Lucidworks - 33
Boeing - 35(Verbal offer after countered them with lucidworks offer).

Now with freshworks, last round is pending.
Let me know what would be better.

From interview perspective, I enjoyed lucidworks interview as the interviews taken by quality people compared to other two companies. But it is a startup.

Btw, I have been interviewed for 6 rounds in Citrix and waiting to hear from them.

like

Best books you read this year that aren’t about sales, marketing or prospecting?

like

They only come in for the snacks

Post Photo
likefunny

Hi everyone,
I am a new joiner @ Coforge, joined on Nov 15th and still waiting for project allocation. What is the resource pool/bench policy for a new joiner, can anyone please help on this?

like

Anyone have a wedding planner they really enjoyed in the DFW area?

like

Hi Fishes,

I got interviewed at infosys two days back.
When can I expect to hear back from them.
Also all the questions that were asked to me were written coding questions(Write block of code) none were verbal.I could write all answers but none was 100% correct.

At last I asked the interviewer about feedback as in where was I wrong. He said at couple of places and he explained me where was I wrong.

Do you all think I will be rejected?

like

Please suggest.
I have received my first offer letter, now what all things I should do to get more job calls and better offer?

like

Hi, what is the minimum years of experience required for level 7 in Accenture? Genuine answers please.

like

I'm having offer with Cognizant, Wipro, and HSBC bank as Java Backend Developer with approximately 7 YOE please help me what I need to discuss in HR. And hows the work culture of HSBC and offer should ask.

like

Anyone at JPM Onyx that can answer some questions?

like

My manager continues to ask me to help other teams and do work on other billable projects. I’m sick of it .. and I’m going to explicitly say that no I can’t do it because my hours are taken by the existing project we are doing. Is this appropriate?

like

Have any of you enrolled in or completed the Penn MCIT program and be willing to chat about your experience?

like

How did you make your way into the entertainment industry? I’m going to grad school in the fall and would appreciate any advice to getting internships and then eventually a job in this industry. Let me know your story and your advice. Thanks in advance.

like
like

Additional Posts in The Real Estate Bowl

Looking to buy in the DMV suburbs (northern VA). Is this the wrong time for such a move? Beyond down payment, got about 6mo emergency fund and must tap into it for moving&house expenses like furniture

like

My assumption is that one makes money in RE with leverage. So, would you never let your equity in any given property get above certain% (I.e re-leverage and invest elsewhere) or would one eventually want to own a property outright?

like

Having trouble selling my (retired) dad's house. It needs a lot of work, but has great character. What if I buy it myself for a low, low price? Then I would be able to get a FHA 203k loan to do the updates. Rent it out or put it back on the market in the spring.

like

How do you judge a low ball offer with how the market is changing? Earlier this year, you would look at comps and say this is the value. Now with rates going up and people pulling out, how do you justify the value? (View point from the buyers end)

like

For anyone that has bought a townhome from Lennar, are the walls fairly well insulated for sound?

What, if any, were your main complaints?

like

Is a sloped floor of 1/2” over 10’ noticeable? I have to make room for conduit and cannot trench in my current place

likesmart

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

Hi guys! Looking to learn about real estate investing! I am a senior in college graduating with a degree in finance so I understand certain aspects, but am looking to learn more on my own about real estate specifically!

What books would you recommend I read?

like

For people who recently refinanced, bought or is in the process of buying a new home, what APR did you get?

like

How did you get started with your personal investing in stocks? I am 26, F, have some money in savings, 401k, stocks and just started my own business albeit small. I’m extremely interested in real estate investing have been reading and listening to podcasts. Any advice?

like

What's the best city in UK to buy a buy to let property, with best returns?

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?

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

Anyone punched out of state 4-10 unit apt building? How did you find the listing?

like

Hi, has anyone worked at Freddie mac? Particularly the multifamily investments division?

Is it okay to buy a home worth 660K for a couple earning 325K TC together? The HOA and taxes for this home bring the monthly payment up to ~4.8K which is ~32% of our monthly take home after tax…we’re first time home buyers, any advise is appreciated!

like

For any of you real estate investors, what tools or sources did you learn from when getting started. Can’t find a mentor currently so want to find some highly recommended books or videos. If focused on the tri-state area (NY, NJ, Long Island mainly) that would be even better. My hope is to buy and rent out a apartment while also owning a house and house hacking that by renting part of it out. Trying to understand all the steps, traps, and how to find if it’s a good investment.

like

Looking to move out of California, and considering buying a townhome in Atlanta for ~$650k. Any thoughts on the Atlanta real estate market?

like

What is the term for giving your home buyers a credit for immediate renovations they will have to do before or upon moving in? And how does it affect the seller?

like

Finally got an offer accepted on a home I love! (In DC) Spent months searching. Next thing is getting to the closing date.

Now I feel super anxious about everything going thru and getting the keys. How difficult is that process of getting to close, have heard the underwriting portion could be a headache?

like

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