E46Fanatics

E46Fanatics (http://forum.e46fanatics.com/index.php)
-   General Off-Topic (http://forum.e46fanatics.com/forumdisplay.php?f=24)
-   -   the next real estate bubble is starting....you brahs in? (http://forum.e46fanatics.com/showthread.php?t=966738)

FadeToblack 01-20-2013 08:33 PM

the next real estate bubble is starting....you brahs in?
 
Fed has cut rates to 3%. Basically the payment you would of had on a 250k house 3 years a go gets you a 350k house today. 90% of buyers look at payment not actual home price when buying a home. Fed is going to keep rates low for years to come to try and get the RE market cranking again. Builders will start building, HUGE amounts of jobs will be created etc. The gov knows that a healthy/rising real estate market is one of the best creators or jobs.


will crash.

NOVAbimmer 01-20-2013 08:37 PM

says the guy who said he doesn't buy anything he doesn't have twice the cost in cash.

pancakes 01-20-2013 08:40 PM

birdman, brrrrrr

eee4666 01-20-2013 08:44 PM

Quote:

Originally Posted by pancakes (Post 15079604)
birdman, brrrrrr

:lmao:

Green_Shine 01-20-2013 09:32 PM

As long as they keep property taxes high on the mile roads outside of 8 mile, no care.

Stankia 01-20-2013 10:16 PM

Yeah but good luck on getting a loan.

evolved 01-20-2013 10:20 PM

Quote:

Originally Posted by Stankia (Post 15079882)
Yeah but good luck on getting a loan.

Plenty of places are lending to qualified borrowers. The "no one is lending money" is a myth, for the most part.

Bimmer330cibro 01-20-2013 10:39 PM

Quote:

Originally Posted by FadeToblack (Post 15079587)
Fed has cut rates to 3%. Basically the payment you would of had on a 250k house 3 years a go gets you a 350k house today. 90% of buyers look at payment not actual home price when buying a home. Fed is going to keep rates low for years to come to try and get the RE market cranking again. Builders will start building, HUGE amounts of jobs will be created etc. The gov knows that a healthy/rising real estate market is one of the best creators or jobs.


will crash.

I am actually going into real estate very soon, and to be honest i have been saying the same exact things to people around me. Even my teacher, who has been in real estate/broker/mortgage broker business for over 40 years combined, said the market is very hot right now for houses around 350k. I am almost certain the prices are going to rise in near future(2-3 years). I just hope i can get my hands on some of it :D

Let me know if you guys want to buy a house in the next 6 months :4ngie: :eeps:

GRIFFIN 01-20-2013 10:40 PM

Butt sex

Grande D 01-20-2013 10:46 PM

Quote:

Originally Posted by pancakes (Post 15079604)
birdman, brrrrrr

:spit:

F2B, it's not that simple. The Fed has done everything they can do- and it hasn't been persuading people to spend. This shouldn't be any different.

FadeToblack 01-20-2013 11:16 PM

Quote:

Originally Posted by zhp43867 (Post 15079966)
:spit:

F2B, it's not that simple. The Fed has done everything they can do- and it hasn't been persuading people to spend. This shouldn't be any different.

I bought a house 6 months a go and ever since then I have been following the real estate markets around my area. Prices have for sure increased and I see houses going "pending" a lot quicker then I used to.

On my street a few houses have gone up for sale and have sold very quickly in the past 3 months.

And yeah getting a loan SUCKS if you are self employed. But if you have a regular job for at least 2 years and decent credit you can get a mortgage.

FadeToblack 01-20-2013 11:21 PM

Quote:

Originally Posted by GRIFFIN (Post 15079952)
Butt sex

Too bad the fed only lets responsible buyers qualify for loans now.

GRIFFIN 01-20-2013 11:45 PM

Quote:

Originally Posted by FadeToblack (Post 15080049)
Too bad the fed only lets responsible buyers qualify for loans now.

There are ways around everything

FadeToblack 01-20-2013 11:53 PM

Quote:

Originally Posted by GRIFFIN (Post 15080094)
There are ways around everything

No way getting around 2 years of tax returns for mortgage qualification. I tried for months.

GRIFFIN 01-20-2013 11:57 PM

Quote:

Originally Posted by FadeToblack (Post 15080107)
No way getting around 2 years of tax returns for mortgage qualification. I tried for months.

You did not try very hard

FadeToblack 01-21-2013 12:22 AM

Quote:

Originally Posted by GRIFFIN (Post 15080116)
You did not try very hard

There are hard money lenders that will do it, but they want 40-50% down etc.

Show me a bank/credit union that will write a 30 year mortgage with 1 year documented income....

GRIFFIN 01-21-2013 01:18 AM

Quote:

Originally Posted by FadeToblack (Post 15080158)
There are hard money lenders that will do it, but they want 40-50% down etc.

Show me a bank/credit union that will write a 30 year mortgage with 1 year documented income....

I have access to 3

USCTrojanMan29 01-21-2013 01:27 AM

Quote:

Originally Posted by FadeToblack (Post 15080158)
There are hard money lenders that will do it, but they want 40-50% down etc.

Show me a bank/credit union that will write a 30 year mortgage with 1 year documented income....

If you work in the field that you degree is in, it won't be a problem.

Stankia 01-21-2013 01:50 AM

Quote:

Originally Posted by evolved (Post 15079890)
Plenty of places are lending to qualified borrowers. The "no one is lending money" is a myth, for the most part.

Not in my case, even if I bring in a decent down payment, they look at the amount of taxes I pay which most of the them get written off and not my income...

imolazhp_ci 01-21-2013 02:00 AM

as a real estate developer for 8 years in both residential, and hospitality... you're stupid.


All times are GMT -5. The time now is 08:34 PM.

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
(c) 1999 - 2011 performanceIX Inc - privacy policy - terms of use