Well.. went to tour few homes around Portland,OR. 700-800k for four bed and decent construction. At this rate we are never gonna own a home. When will prices stabilize? These exact homes were around 450-500k last year 🥺

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

We just put an offer on a house in Camas WA. Good schools and close to Portland. Portland just seems hit/miss on schools.

like

OREGON? It jumped 100k in a year.

like

Yes!! Portland Oregon 🙃🙃

OP, I am in the same boat. My husband and I are looking to buy a house 30/45 minutes outside of Boston and the prices are still pretty high. It seems like we cannot ever afford to buy a house.

like

We really like the Westwood/Canton area, which is 30-45 minutes from downtown Boston. The school system is pretty good and there are a lot of family-friendly neighborhoods. As of now, I don’t think we can afford houses in that area. The house price has jumped up a lot.

Same in ATL here :(

like

Yeah like 45 mins away from the city! Probably will need up doing that hoping the city will just grow out

like

When interest rates go up to fight inflation. Financing a $1 million house at 2% is one thing. Financing it at 7.5% (rate I got on my first house in 2001) is a completely different animal.

At that point prices, especially those in frothy areas (Austin, Seattle, etc), will come down hard.

like

But people still bought million dollar homes in 2001 right.... yes the number of buyers will rise and fall with interest rates but in demand cities will always command higher prices. If austin/portland are tier 1 cities (jobs, school systems, health care, entertainment) and home prices will command a premium price regardless of interest rates. now what number is deemed as overvalued, that will be dependent on the economic conditions in the future that none of us know 🤷🏾‍♂️

500 -600k starter homes will be the new norm. Take the next 2 years to save for your down-payment. My expectation is that prices will stabilize in a year or 2 but don't see any macro housing correction, but maybe micro corrections specific to a city

like

True that! We were just discussing it was better to move to a starter home than wait out this tide. We’d have to adjust a bit but I think it’s ok for now.

Prices will stabilize when there’s enough supply to meet the demand… or when interest rates make it prohibitively expensive to finance a house. I don’t see either of those scenarios coming in the next few months.

Target 2023 1H. Or yes, later 2022 when the rates go up slightly. But it will not be material. It's builders market for a popular suburb like Portland. And there is raw materials supply chain issues from now to next year. It won't be a fast construction. Life style change mindset-prefer living in suburb will keep up its popularity at least for 6 months-1 year more due to a hybrid wfh policy gets official by many companies even after covid. I doubt people will keep doing wfh or hybrid long though. It already has started to showing some dysfunctions for people and a company.

like

Related Posts

Anyone willing to share what assets they're investing in with the extra money from being overemployed?

like

Newbie investor asked me a question, they have $5k to invest and were wondering if they should put it in an index fund (S&P500 - which is what I’d normally recommend plus DCA thereafter) or if they should buy AMZN given that it is well off of its highs, is a solid company and would, in 12-18 months, likely grow faster than the S&P, as interest rates normalize over that time period, etc. That got me thinking… so I’m asking all of you, what would you do/recommend?

like

Do we get our tax deducted refundable? I have submitted my IT returns on time?
Pls advice..

like

Hireright background check - anyone had good / bad experience with them ?

Moving back to the US from abroad - where should a family of four buy a house with an easy commute to Penn Staton?

like

Best banks/sites/promos to get extra $? Any good experiences with getting new checking account for a bonus?

like

Does anyone use any budget tracking apps? If so what do you recommend?

I would like to start adding in insurance sales to compliment my investment business. What companies have the most competitive whole life policies as far as cash value is concerned?

like

I want to start investing again 😭. But I'm afraid if the divisiveness of the last 4 years continues, well be in a civil war. I'm also worried about deflation, in which case I'd rather keep my cash

likefunny

Looking for advice on buying/moving to burbs PA. We live in CC and have a LO. Where is a good neighborhood & and what’s a reasonable price for a nice SFH (not too big)? We prefer Radnor school district. What’s it like living in the burbs PA vs CC?

like

Put options on BTC and ETH

like

Crypto-trading should be a game on The Price is Right.

likefunny

Tech has dipped a good amount this month ever since the rotation into value. Is this a good time to slowly accumulate tech holdings (FB, Microsoft, Apple to be specific)?

like

If I use margin to sell puts, do I pay interest if I don’t get assigned at expiration? I’m using Robinhood and yes, I understand Robinhood isn’t recommended.

like

I’m seeing lots of posts about really bad losses. If you trade you’re going to lose money - hopefully not all the time, but many positions will be mistakes. But you need a process to find ideas and manage positions. Two books you should read are “The New Trading for a Livinng” and “The Laws of Trading.” Both look at psychology, process, and risk in different ways that can help you work out your own process. The next 18 months will be much harder than the last 18 - time to start learning.

likehelpful

Hello 🐠, if you were to get a savings account today, who would you choose to go with?

like

How are you investing your money right now?

like

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

likehelpful

where can i find accountants that do taxes? is there like a trusted site or something?

likefunny

NY folks. Where is a nice play to buy a home that's affordable, easy commute to NYC? I hear NJ is nice but not sure about which areas to look into. Any ideas? Considering Connecticut and LI too

like

More Posts

How long does the background check normally take? I am starting on the 12th so I submitted my two weeks at current company already. It’s been about 10 days so far, but I have a secret clearance and should be fine. Thanks!

like

Wondering what salary range I should be looking at for Staff 2 in big 4 for IT Audit

like
like

Has anyone ever expressed their difficulties (e.g., depression/anxiety) to their supervisor? What was the experience like? I worry that by being honest about current challenges, I could be hurting my chances of advancement, etc. Interested in hearing about the experiences of others. Thanks.

like

Hi all, i received an offer at accenture for the role Analyst-Reporting. Kindly explain me about this role and what salary can i demand as a 3.5 yoe.?

like

Are exit polls if CRT out? 😂

like

I earn Rs 25 Lakhs in India from financial services background, mba from top 5 b-school in India

My CRS Score is 470.

Need opinion- is it wise decision to move to Canada. Dont have any issues with initial struggles.

Biglaw recruiters trying to pump their diversity numbers:

Post Photo
likefunny

How do you participate in ICO? Are there any new ones coming out ?

like

My principals ALWAYS seem to visit my room as soon as I give my student(s) a break from their work or when they’ve finished early everything I had planned. They RARELY come in when I’m actually in the middle of making progress on a lesson. It makes me feel like I have to be defensive & justify why the students aren’t working. Does this happen to anyone else?

like

I get such a rush being dropped into a deal to rescue it. Anyone else like that pressure

like

Anyone has Udemy discount code I can use?

like
like

Backstab is a normal practice at the agency. Chair should have armors to protect us Even people that owes me their job are just playing "boy's club game".

like

Grey - what's the deal behind the new 4 day work week?

....are you hiring?

like
like

Hi Fishes,

How are hikes at Airbus, and how is variable pay.
Is there any perks.

like

Hi fishers, I’m currently working in broking industry in digital sales & partial product, I’m looking for full time product job, please help if you can.

like
like

Where does Norqain rank on the list of watches? Pretty good, bad, middle, etc? Planning on buying my first watch soon and this one came up

like

Additional Posts in The Real Estate Bowl

Thinking of dipping my toes into real estate and wanted to see if anyone has any books/ podcasts/ courses or even any tips or advice that you wish you had when you got started?

Goal is to diversify my investments past the stock market. Any help is appreciated!

like

Recommendations for good CPAs for rental property? Currently have 1 in PA but trying to grow and buy more in other states . I also have an unrelated business I'm trying to start (LLC). I'm located in NYC but open to a non-local CPA.

like

Is it smarter to buy or rent in current market? Ran the numbers and renting means ~$30k in cash flow benefit in Year 1. Other than value of house going up >$30k and rates being even higher in a year, what else do you need to believe to choosing to buy? First time buyer here, let me know if I am thinking about this completely wrong

Apologies for the consulting bowl crew for double post.

like

Talk to me about bathtub glazing/reglazing. Do you all do it yourself? Hire someone? Any gold reccos in ny and what us approx cost?

like

Is anyone investing in mobile home parks or self-storage facilities?

like

Did a BRRRR and had a cash at close of $55K. This is after paying off the original loan, after closing costs (new refi), etc. but before renovation costs, holding costs, and original closing costs. At which point am I taxed?

like

Does anyone have experience with wholesaling? Looking to see if the rewards outweigh the risks. What are the main risks outside of having to purchase the property if you cannot find a buyer?

like

Anyone have experience in new construction homes, especially in NJ? We're working with a builder who's already mostly built the home but are worried we're getting nickel and dimed on the finishes. It would be great to understand realistic expectations given the price point we're paying for the house.

like

I would like to learn more about development and real estate. Can anyone recommend any books or courses that you think are informative. Eventually I would like to own a few apartment buildings, but I know there is a lot I need to learn 1st. Any advice appreciated. 

like

I own a property that I'll eventually turn into a rental (not yet being rented out). I'm going under contract for another property that will be my primary but it is almost 8 months out. Can my lender for the new property already indicate in the forms that my 1st property is an investment property? Or can they mark the 1st one as a second home in the loan application? Does it matter that it's not yet being rented out (but will be by the time the new property be ready)? Anything else I should do?

like

Any tips on first time investing in low income single family housing? Traps to avoid? Key things to keep in mind?

like

This housing market is insane and I’m struggling to justify paying $100k-150k over what people paid less than a year ago (SoCal). To anyone who bought during the last bubble, did it turn out OK or did you have serious regrets?

like

Do rental markets really get slow in the winter? What about now with how much people are holding off buying because of interest rates, do you think the rental market may remain strong? I'm in Colorado.