Shopping for A Home in 2022
Severe query… who’s shopping for all these homes? Cling in there, consumers and realtors! #comedy #buyingahouse #househunting
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Blackrock is buying the house
We purchased our house site unseen, yep this is true.
UGGGGHHHHH this makes me actually so very sad because it's SO TRUE!!! My husband and I are both just 40 and after spending years in the city renting our dream would be to move to the suburbs and buy a house and actually have space! But the market is so incredibly not in our favor and it's hard to not feel like we made a major mistake not doing it sooner even thought it wasn't right for us then…or so we thought! Love you guys, even when you tell such real and hurtful truths!!
Buy in September through January, try to find one of the “secretly for sale” houses and be the only people who have a look, and be open minded about things that aren’t structural/flood zone (ie serious) issues. You might be able to get something at asking price.
My daughter bought her first home in Southern California for $535,000 9 months ago. Very modest. It has subsequently went up $130,000 for no reason whatsoever.
For all of you Biden voters out there, congrats. No more mean tweets! But you still have student debt, no house, and a car you can barely afford to drive. Oh, and $15 is basically the new minimum wage, but inflation has made $15 an hour more like below the actual minimum wage. But no more mean tweets!
That realtor sounded drunk. What was in that water bottle?
Since so many homes are being bought up by investors who plan to rent out the homes, perhaps we could limit how many homes someone can own that are not owner occupied.
So many houses are being bought up by investors, some buying big swathes of neighborhoods. Then they rent these home out for extremely high rents. Or they build high density apartment houses, again with expensive rents. I'm glad I bought my house 30 years ago.
So when the next market crash comes, 2008 will look like a joke to it. I suggest this time we actually do not bail anyone out, put responsible parties in jail, and block all who participated in madness they could not afford and then defaulted from buying any real estate for at least 20 years.
International investors and Blackrock are buying real estate… it is like warfare on housing.
Investment companies and corporate elites (ie Blackrock) are buying up everything. In northern CA ‘starter homes’ start at 1M and everything is outdated and ugly. It’s hopeless. Makes me grateful for the home I have.
Situation is same here in the greater Toronto area. We bought our house one year ago and now all the similar listings in our area are 20-50% more expensive. And people bid 100-200k over the asking price. Crazy! I can’t imagine who can afford these prices because the salaries didn’t grow the same way for sure.
Up here in Canada too…..yikes!!!!!
I bought my first house last year and, while I paid more than I thought I would a few years back when I started saving for a down payment, I'm happy with the price I paid
Only reason I got the house, though, was because the owner liked me. And now my house is estimated to be worth 75k more…. It's absolute insanity out there
My sister is about to put her house on the market in Cary, NC. She keeps wanting to do more upgrades and her realtor's like, "FOR THE LOVE OF DOG, JUST LIST IT ALREADY!" It's probably going to get snapped up by investors who don't care about new faucets.
I never thought I'd see the day when any house in rural Nova Scotia would incite a bidding war and sell immediately and over asking price. I'm quite glad we're not looking… and I'm quite glad we suddenly gained a whole bunch of equity; but we can't afford to use it. If we were to try and refinance for the amount of money our house is currently worth we'd never be able to afford the payments.
I got pre-approved but now scared.
You nailed it! Realtor here, yes it sucks!
My friend got out bid with an offer 30,000 over asking and as-is. Nuts.
I'm at a point that I want to own a home so I have have a in-home salon (I'm a hairstylist) and I seriously am starting to feel like it will be easier to just build the house then to buy an existing one.
Black Rock is buying the houses and China is buying our farmland, it's insane
Horrible
Sooo true
My husband bought our first house on his salary alone in 2020 (I'm in grad school) we would not be able to afford our house today. It's really scary knowing that even engineers can't afford housing let alone teachers or cops or other professions. A lot of the homes in our neighborhood are rentals which is really dumb
Thoughts and prayers friends.