The housing market is sofaking screwed

[Jettdog]

Youngest son is trying to buy a house. He has a Masters in Education and his wife is a nurse. Trying to buy a new house $370,000. Lender wants 15% down and $2600 after insurance and taxes. That's crazy

[dncdawg]

Youngest son is trying to buy a house. He has a Masters in Education and his wife is a nurse. Trying to buy a new house $370,000. Lender wants 15% down and $2600 after insurance and taxes. That's crazy

Who's the lender?  Have they tried a credit union?

[Milldawg]

Youngest son is trying to buy a house. He has a Masters in Education and his wife is a nurse. Trying to buy a new house $370,000. Lender wants 15% down and $2600 after insurance and taxes. That's crazy

15%, that's crazy.....shirley they can find another lender

[Jettdog]

Youngest son is trying to buy a house. He has a Masters in Education and his wife is a nurse. Trying to buy a new house $370,000. Lender wants 15% down and $2600 after insurance and taxes. That's crazy

15%, that's crazy.....shirley they can find another lender

Not sure. 6.875 interest rate. It's not so much the interest rate or down payment. It's the cost of homes. I don't see it getting any better.

[JC-DAWG83]

Youngest son is trying to buy a house. He has a Masters in Education and his wife is a nurse. Trying to buy a new house $370,000. Lender wants 15% down and $2600 after insurance and taxes. That's crazy

15%, that's crazy.....shirley they can find another lender

Not sure. 6.875 interest rate. It's not so much the interest rate or down payment. It's the cost of homes. I don't see it getting any better.

It will get better if the govt stays out of it.  The market will correct pricing if sales slow down enough.  The people who are really screwed are builders.  They don't have tens or hundreds of thousands of dollars of equity in the houses they are building and selling so they can't really lower prices much.

[Milldawg]

Youngest son is trying to buy a house. He has a Masters in Education and his wife is a nurse. Trying to buy a new house $370,000. Lender wants 15% down and $2600 after insurance and taxes. That's crazy

15%, that's crazy.....shirley they can find another lender

Not sure. 6.875 interest rate. It's not so much the interest rate or down payment. It's the cost of homes. I don't see it getting any better.

oh yeah, costs won't get better.....blackrock bought a lot of inventory. I also see spec neighborhoods going up as RENTALS WTH?

[Smokindawg]

Soon

[Jettdog]

Soon

Good stuff

[Milldawg]

Soon

awesome......sadly common sense