return2ozmaThe rental market is softening so fast in some pockets of the country that landlords have no choice but to offer concessions
Flying SquidThere’s a town near us, we’re waiting for the housing bubble to collapse so we can move there, in the past 10 years, they’ve built luxury apartment building after luxury apartment building, hoping that the university students in the town will rent them. They’re about to get a harsh awakening.
GiddyGapwe’re waiting for the housing bubble to collapse so we can move there
You may be waiting a very long time. People aren’t selling their homes with mortgages at 2-3 percent from 2020-21. Golden handcuffs until rates come down at some point.
Unless they go bankrupt, yeah they are sitting on that as long as possible.
SoleInvictusThat’s us. We bought our house at the height of the COVID freak out, when APRs were low but few people were buying because no one knew what was going to happen. Our house has appreciated by 35%, we couldn’t afford our place anymore at current rates and prices.
Same. Fortunately we love our house so that’s good. It’s going to be our home for at least a decade (probably our forever home).