I’m giving up | |
goliesave
User ID: 78406809 United States 05/10/2021 08:38 PM Report Abusive Post Report Copyright Violation | I curse this housing market and the greed and insanity that is going on. Quoting: Mysteriosoul71 I am (was) a prospective first time home buyer and have been looking since late February. I have waited so long for this moment and I’m pissed to be walking away and giving up. It’s just a stupid time to buy. Fuck this. I entered the workforce in 2008. I have moved to four states for work and finally found a decent job (unrelated to my degree) and started climbing the ladder. Basically I started again from scratch having wasted time and money for college. For the past seven years I have been working insane hours, scraping and saving. It has been very hard. I am finally ready to lay down roots, and buy my first home. But with all this shit that’s happening right now in the housing market, I’m just done. I’m tired of putting in sensible and secure offers and getting rejected. First, these buyers who are offering $100k+ over asking, waiving appraisals (wtf?) and inspections are just plain stupid. They’re only doing it because sellers are becoming even more and more greedy. It’s like if you see a home for $350k it’s an auction starting price with an expectation of $400k or more. I know it’s probably even worse in some other areas of the country (TX here). And yes I am aware of the supply issue, brought to you by the foreclosure moratorium, insane cost of building materials, and other f u c kery going on right now. Watch when they cancel the moratorium. I hope these greedy bastards get screwed with big fat tax bills for their over asking, or their “amazing cash buyer” ends up being some kind of bullshit flake and the deal falls apart. You deserve to be left empty handed for your greed. And if you’re a seller in this market right now and not considering who you are actually accepting, you’re responsible for what is coming. Foreign investors buying up properties to then exploit people by charging rent at exorbitant rates. This will kill off any last vestiges of the middle class, contribute to child homelessness, and early death. Whatever position you seem to have enjoyed for yourself must have been so nice eh? Just by virtue of when you were born on this pathetic globe were you able to rake in all the goods. Now you’re locking out the opportunity for anyone after you. And it will come back to bite you in the ass. Here’s a thought- Why not consider the best offer from good working class people who just want to keep their families safe, warm, and fed? Someone who would live in the actual house and take care of it for decades? Someone who would give a shit? 🖕🖕🖕🖕🖕🖕 whats your area and price range goliesave |
Anonymous Coward User ID: 79815827 Latvia 05/10/2021 08:42 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 80350643 05/10/2021 08:45 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 76567986 United States 05/10/2021 08:46 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 78293616 United States 05/10/2021 08:46 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 80341552 United States 05/10/2021 08:47 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 79815827 Latvia 05/10/2021 08:47 PM Report Abusive Post Report Copyright Violation | |
BRIEF
User ID: 79662918 United States 05/10/2021 08:47 PM Report Abusive Post Report Copyright Violation | |
Nikki User ID: 72727985 United States 05/10/2021 08:49 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 80349332 05/10/2021 08:58 PM Report Abusive Post Report Copyright Violation | Over the years I learned to be happy with the no buy outcome because; It would have been the wrong buy. Seriously I just didn’t realize it at the time. It works out for you at the end. Look make offers within your budget and if it doesn’t happen it wasn’t right for you. People talk about a crash. Maybe you’re meant to wait for that. So you cen get YOUR home not just a house. Frustrating but true. |
Anonymous Coward User ID: 78244223 United States 05/10/2021 09:03 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 40855319 United States 05/10/2021 09:15 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 80350643 05/10/2021 09:17 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 80350643 05/10/2021 09:20 PM Report Abusive Post Report Copyright Violation | If your biggest concern right now is buying a house Quoting: Anonymous Coward 78244223 well, yer not too bright renting sucks sbared walls suck nothing wrong with wanting to buy now....will say tho i waited for a crash that never came. dont think it's gonna happen. hope op finds someone who wants a good person / good family to buy their home...knowing they are keaving it in good hands good luck, op... |
Anonymous Coward User ID: 74346383 United States 05/10/2021 09:22 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 77192746 United States 05/10/2021 09:25 PM Report Abusive Post Report Copyright Violation | |
BRIEF
User ID: 79662918 United States 05/11/2021 07:15 AM Report Abusive Post Report Copyright Violation | Buy a fixer upper. No competition and you'll possibly have equity with a bit of sweat. Quoting: Anonymous Coward 40855319 Some feel they can only buy a "good deal"...Bargain hunters drive themselves mad... I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
Anonymous Coward (OP) User ID: 78293616 United States 05/11/2021 10:14 AM Report Abusive Post Report Copyright Violation | I hear you, but I wasn’t looking for a “bargain”, I was looking for a livable home that didn’t break the budget and that doesn’t seem to exist right now. Looking at comps from as close as two weeks ago in the area for my most recent offer was for a house majorly overpriced by almost $40k in asking. Basically livable but some work needed. Apparently sellers are getting this and over asking as well as no contingencies. This is not “bargain hunting” to say no to waiving appraisal and inspection.This is common sense. I’m not going completely under water for a house. I’m angry, but I’ll wait. This country has lost its collective mind. |
Beefree1000
User ID: 80351429 United States 05/11/2021 10:18 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 79579382 United States 05/11/2021 10:59 AM Report Abusive Post Report Copyright Violation | Looking for rural? The craze will never reverse, people won't stop fleeing cities, so no matter what, people looking for rural won't catch a break from supply/demand, especially with an excess of cash buyers. And who's to say this will be a nice soft collapse with everything still in place for you to jump to the front and win the game? |
Anonymous Coward User ID: 79492640 Canada 05/11/2021 11:05 AM Report Abusive Post Report Copyright Violation | |
Weyoun
User ID: 80247245 United States 05/11/2021 11:44 AM Report Abusive Post Report Copyright Violation | I hear you, but I wasn’t looking for a “bargain”, I was looking for a livable home that didn’t break the budget and that doesn’t seem to exist right now. Looking at comps from as close as two weeks ago in the area for my most recent offer was for a house majorly overpriced by almost $40k in asking. Basically livable but some work needed. Apparently sellers are getting this and over asking as well as no contingencies. This is not “bargain hunting” to say no to waiving appraisal and inspection.This is common sense. I’m not going completely under water for a house. I’m angry, but I’ll wait. This country has lost its collective mind. Quoting: Mysteriosoul71 Don't get emotional about these things. It's just things. I've been trying to buy a house for like 10 years but prices go up faster than I can save. I might never be able to buy one in my life but that's ok, it's just a house. |
DuckNCover
User ID: 40901041 United States 05/11/2021 11:52 AM Report Abusive Post Report Copyright Violation | Exactly, as more inflation hits; more home owners will declare bankruptcy... Then get the Repo home for pennies on the dollar... Did that in E. Kentucky. Land and double wide originally went for $40K. Double wide was trashed. Got the whole thing at a bank auction for $2,400. That was on 4.5 Acres. Land prices were going for $2K per acre in that area... Wait and save... |
Anonymous Coward User ID: 79649054 United States 05/11/2021 11:54 AM Report Abusive Post Report Copyright Violation | I don't believe in trying to time the markets...Buy in and hold for the future...I have some criteria, but the time factor of money cannot be forgotten... Quoting: BRIEF If you're buying a house at this time, you're an idiot. The market is about to take a dump when lenders are allowed to foreclose. Jan 1, 2022 is the date. |
Anonymous Coward User ID: 75655636 Canada 05/11/2021 12:14 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 80197204 United States 05/11/2021 12:18 PM Report Abusive Post Report Copyright Violation | it isn't always the case that real estate is a good place to put your money. people can end up "upside down" in a bubble. so maybe you are more lucky than you realize i also feel that "home" is often kind of "fated" and you might not have realized where "home" is going to be just yet. |
Butch DeFeo
User ID: 11007908 United States 05/11/2021 01:10 PM Report Abusive Post Report Copyright Violation | |
BRIEF
User ID: 79662918 United States 05/11/2021 02:37 PM Report Abusive Post Report Copyright Violation | I don't believe in trying to time the markets...Buy in and hold for the future...I have some criteria, but the time factor of money cannot be forgotten... Quoting: BRIEF If you're buying a house at this time, you're an idiot. The market is about to take a dump when lenders are allowed to foreclose. Jan 1, 2022 is the date. Do you plan on not paying your mortgage? I have never borrowed money, but I know you are required to pay it back... I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
BRIEF
User ID: 79662918 United States 05/11/2021 02:39 PM Report Abusive Post Report Copyright Violation | Saving is good, yes! Your statement contradicts itself...How can savings go down? The act of saving requires accumulation... I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
darkwolf007
User ID: 69987950 United States 05/11/2021 02:39 PM Report Abusive Post Report Copyright Violation | Illuminati Property Purchases 101 right here! Conspiracy Theorist is nothing more than a derogatory title used to dismiss a critical thinker. A time is coming when men will go mad, and when they see someone who is not mad, they will attack him, saying, 'You are mad; you are not like us." -- St. Anthony The Great Social Credit Loser here. |