Why are housing prices not coming down?

[Admiral Rockwell Tory]

NYC is hardly an example to use as a average in the rest of the country.

My AO is a good average....A 50-60 mile commute into NOtVA/DC, plenty of local jobs too.

Shouldn't that be better expressed as 1-2 hours?

 

[Thinker101]

More than prices, I’m wondering when interest rates will come down on homes. People paying 6%, that’s crazy

The 14-15% interest rates under Carter was what's crazy.

 

[IDIOCRACY]

Illegals are not living in the houses that Americans want to buy you dumbass.

I hear the Trumptards say that all the time on this forum including you just now

You probably didn't even know anyone in the world can buy a place in the USA huh? Typical "educated" liberal.

 

[IDIOCRACY]

More than prices, I’m wondering when interest rates will come down on homes. People paying 6%, that’s crazy

Sorry man, but I have to chuckle at that comment. My first house was 10.1%, and the only reason is it was that low is the $ was a pool of leftover cash for first time buyers. Going rate was about 14%.

6% isn't high man, and IMO, it's pretty close a stable number. Only reason for the super low rates was 9-11-2001, followed by the housing crash. Even well after the recovery they remained too low. Stability and growth are everything, but too much and POP, INFLATION, high rent, and who knows, perhaps a housing crash.

 

[Toddsterpatriot]

Because, contrary to what the racist Trump cult would have you bleev, Mexicans aren't responsible for any of our economic problems in America. Especially the shortage of housing.

The tards would have you bleev dirt poor Mexicans are buying up all the half million dollar houses.

Where do the poor Mexicans live when they come here?

 

[Rambunctious]

Why you can't even rebuild in LA after the fires... Please libs watch this whole video....

 

[IDIOCRACY]

Why you can't even rebuild in LA after the fires... Please libs watch this whole video....

Funny how different the guys from Man-show are. One has common sense, the other cries when Trump is elected.

 

[initforme]

Why does anyone want the prices to come fown?

 

[Toddsterpatriot]

Why does anyone want the prices to come fown?

Because young people would like to buy homes.

 

[initforme]

Because young people would like to buy homes.

Let em wait longer.

 

[Toddsterpatriot]

Let em wait longer.

Maybe they should just take your home?

 

[Parker99]

Where do the poor Mexicans live when they come here?

I thought Trump was slowing the immigration into the US?

Just slow the immigration and the price will go down. No need to build more homes

 

[Admiral Rockwell Tory]

Why does anyone want the prices to come fown?

Type in English, Methusaleh!

 

[Toddsterpatriot]

I thought Trump was slowing the immigration into the US?

Just slow the immigration and the price will go down. No need to build more homes

Slowing the migration won't bring the prices down, deporting the illegals
in the houses will bring the prices down.

 

[Edgetho]

Indeed, the lack of new construction began with Barry Obama the man of many alias names.

You mean like -- Dicksucker?

 

[Edgetho]

Sorry man, but I have to chuckle at that comment. My first house was 10.1%, and the only reason is it was that low is the $ was a pool of leftover cash for first time buyers. Going rate was about 14%.

6% isn't high man, and IMO, it's pretty close a stable number. Only reason for the super low rates was 9-11-2001, followed by the housing crash. Even well after the recovery they remained too low. Stability and growth are everything, but too much and POP, INFLATION, high rent, and who knows, perhaps a housing crash.

My first home was around 8% VA Loan. Then, under Reagan's 1st year, when he was dealing with stupidity, ignorance and incompetence of the Carter Administration shitpile, the next one was at 14%. Had to move. The neighborhood was gonzo

It took 3 - 4 years, but we re-financed and got it down to 8.5% then sold and bought at 8%. Same reason.

We did a HELOC a few years ago and paid everything else off at 2.5%

dimocraps aren't just lying thieving dishonest scum, people. They're incompetent.

And the worst of the lot are the scum that votes for them. Without the FILTH that votes for them, they would be nothing..... Scam artists, grifters, embezzlers... Run of the Mill criminals. But they bullshit their way into politics and get seriously stupid, selfish, naive, gullible, ignorant scumbags to vote for them.

Because they're scum. ALL of them. Go ahead, doubt me. Be a 'good guy' and see where it gets you.

dimocraps are scum. ALL of them

 

[ThisIsMe]

Sorry man, but I have to chuckle at that comment. My first house was 10.1%, and the only reason is it was that low is the $ was a pool of leftover cash for first time buyers. Going rate was about 14%.

6% isn't high man, and IMO, it's pretty close a stable number. Only reason for the super low rates was 9-11-2001, followed by the housing crash. Even well after the recovery they remained too low. Stability and growth are everything, but too much and POP, INFLATION, high rent, and who knows, perhaps a housing crash.

Yes but that was back in the 80s. By today’s standards, 6% is high.

 

[IDIOCRACY]

My first home was around 8% VA Loan. Then, under Reagan's 1st year, when he was dealing with stupidity, ignorance and incompetence of the Carter Administration shitpile, the next one was at 14%. Had to move. The neighborhood was gonzo

It took 3 - 4 years, but we re-financed and got it down to 8.5% then sold and bought at 8%. Same reason.

We did a HELOC a few years ago and paid everything else off at 2.5%

dimocraps aren't just lying thieving dishonest scum, people. They're incompetent.

And the worst of the lot are the scum that votes for them. Without the FILTH that votes for them, they would be nothing..... Scam artists, grifters, embezzlers... Run of the Mill criminals. But they bullshit their way into politics and get seriously stupid, selfish, naive, gullible, ignorant scumbags to vote for them.

Because they're scum. ALL of them. Go ahead, doubt me. Be a 'good guy' and see where it gets you.

dimocraps are scum. ALL of them

I disagree, I've honestly always liked Gabbard and Kennedy Jr...............Oh wait. I thought Jim Webb at a glance was pretty good, but today's democrats are lightyears away from that now.

 

[Doc7505]

Yes but that was back in the 80s. By today’s standards, 6% is high.

<~~~~~~~~~~>
Better than the usury interest rates during the Carter and Biden Administration.
A.I. Say's:
During the Carter administration (1977-1981), average 30-year fixed mortgage rates more than doubled, rising from around 8.85% to over 16% due to high inflation. During the Biden administration (2021-Present), rates also increased significantly, climbing from a record low of 2.65% to a range of 6% to over 8% due to Federal Reserve actions to combat inflation.

 

[Parker99]

So it true Trump is lowering immigration into the country?