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Scrivener7

(50,897 posts)

39. Yes, Demsrule. I know you disagree.

Reply to Demsrule86 (Reply #37)

Sun Feb 6, 2022, 10:10 AM

Feb 2022

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three quarters of recent home buyers expressed some regret [View all] Demovictory9 Feb 2022 OP

Kick dalton99a Feb 2022 #1

People make mistakes all the time. elleng Feb 2022 #2

difference is that extreme competition impacted decision Demovictory9 Feb 2022 #3

Why 'extreme competition?' elleng Feb 2022 #4

inventory was very low Demovictory9 Feb 2022 #5

properties were selling within a day or two after listing giving buyer little time to decide Demovictory9 Feb 2022 #6

What caused this market 'change,' if it was a change? elleng Feb 2022 #7

If it was similar to other markets, probably two main factors DFW Feb 2022 #9

Thanks, makes sense that labor shortage might result in such 'weird' (to me) behavior. elleng Feb 2022 #11

Nor am I DFW Feb 2022 #13

LOLOLOL! elleng Feb 2022 #16

Yeah, the interest rates are a big factor. Haggard Celine Feb 2022 #12

You might not have to move that far DFW Feb 2022 #19

I've heard.good things about Dallas. Haggard Celine Feb 2022 #21

Dallas is definitely a blue island in a mostly red sea DFW Feb 2022 #22

Yeah, wherever we go, there are pluses and minuses. Haggard Celine Feb 2022 #41

This message was self-deleted by its author Haggard Celine Feb 2022 #43

Even when interests rates rise again, it will cause a long hangover in housing Amishman Feb 2022 #34

This is why I am suspicious of those who think housing prices will collapse. cinematicdiversions Feb 2022 #50

Unlike 2008, inventory is a big part of the problem this time. mnhtnbb Feb 2022 #53

The rates have been stable for a decade. Mosby Feb 2022 #54

Another issue is all the properties that left the market in the foreclosures Sherman A1 Feb 2022 #17

True: too much money chasing too little inventory DFW Feb 2022 #20

Yeah. I couldn't go down that road a second time ecstatic Feb 2022 #8

Same with me, I bought in 2003 near the height of the market and it's been a long time to get equity TheBlackAdder Feb 2022 #55

From what I read many of these buyers LittleGirl Feb 2022 #10

Inspection is a complete waste of time. I don't even bother. Most of those who call themselves Demsrule86 Feb 2022 #29

Sounds like you had a crap inspector. My inspector, on both my property purchases, Scrivener7 Feb 2022 #32

It is a waste of time...you can check most things you can see yourself before you make an offer. Demsrule86 Feb 2022 #35

Nope. As I said, I have found it to be extremely valuable. Scrivener7 Feb 2022 #36

Well to each their own. I have not found inspections useful unless you are trying to get the price Demsrule86 Feb 2022 #38

So you have said. Scrivener7 Feb 2022 #40

My experience is that those home warranties LittleGirl Feb 2022 #42

That depends on the Warranty. I negotiated one with the Wisconsin House when we bought it Demsrule86 Feb 2022 #44

I've never bought a house that didn't come with problems. Wingus Dingus Feb 2022 #56

Good advice. I'd never buy anything without an inspection. Scrivener7 Feb 2022 #31

I completely disagree...most of the folks I know including family members had inspections... Demsrule86 Feb 2022 #37

Yes, Demsrule. I know you disagree. Scrivener7 Feb 2022 #39

It is based on years of experience. Most people don't buy and sell as many houses as I have. Demsrule86 Feb 2022 #46

most people do not have an expert family friend or know what they are looking at themselves. uncle ray Feb 2022 #49

The eventuality will find many of these buyers upside down EarthFirst Feb 2022 #14

Those upside down buyers if they don't need to sell are usually fine...Real-estate is up since 2008 Demsrule86 Feb 2022 #30

Prices won't retreat, at best they'll stagnate Amishman Feb 2022 #52

I am not sure these -percentages are all that much different in any particular year. cinematicdiversions Feb 2022 #15

Good point True Dough Feb 2022 #23

Scarce supply facing increased demand mnhtnbb Feb 2022 #18

In 2007/2008 the same thing happened. There was a bubble, people paid too much and Vinca Feb 2022 #24

But those houses are worth more today than they were in 07 and 08. Demsrule86 Feb 2022 #47

There is always second guessing after making such a huge commitment Sympthsical Feb 2022 #25

Exactly right, and why my partner in crime (house flipping) made more money than he ever made Demsrule86 Feb 2022 #28

That is fairly common...so common there is a name for it...buyers remorse. I have bought Demsrule86 Feb 2022 #26

And I will say, we still have very little inventory here...so it continues. I take everything Demsrule86 Feb 2022 #27

I don't know about you guys but onethatcares Feb 2022 #33

Right? MissB Feb 2022 #45

As a child who was expected to help out on Grandpa's farm I get that. I would never buy a Demsrule86 Feb 2022 #48

we bought and downsized right before the plague onethatcares Feb 2022 #51

Good for you. Your new house sounds great. I suggestn square foot gardening and you can also Demsrule86 Feb 2022 #60

three years in. onethatcares Feb 2022 #61

Ditto. I spent my childhood on one. shrike3 Feb 2022 #64

Don't they still have to maintain it, even as an Air BnB? Wingus Dingus Feb 2022 #57

They were probably unaware that cows poop shrike3 Feb 2022 #65

Five acres and two cows, LOL shrike3 Feb 2022 #63

Great response from a reader... tenderfoot Feb 2022 #58

Ugh. "I'm hungry for pasta, I'm going to Rome for three days"-- Wingus Dingus Feb 2022 #59

Sounds like the NYT to me. shrike3 Feb 2022 #62