Why get out of a 3-4% loan just to get into a 7-8% loan?
Esophagus4 · 46m ago
I think if you believed 7-8% loans were normal, you might be more likely to bite the bullet and make your move.
But if you believe 3-4% is normal, then you’re probably waiting for rates to return to “normal.”
I think it’s a side effect of years of low interest rates… people are conditioned now to believe low is normal, and they want to hang on until we get back to that.
I was hoping rates would stay “high” for a while which I thought would soften the housing market so I could buy, but that doesn’t seem to have happened. Instead of prices dropping, inventory just dried up.
Shows how silly I am for thinking I could time the market.
toomuchtodo · 39m ago
Real estate market will soften as the economy comes off the rails [1]. 6-12 months from now should have more motivated sellers depending on market (foreclosures in Clark County Las Vegas market are up 32% year over year June 2025, for example [2]). Short sales and foreclosure auctions are also options. If you still want to buy down the road, be in the strongest financial position possible to get financing and make an offer when the market conditions turn more buyer favorable. Seller concessions can be used to buy down the mortgage rate, if that’s useful information.
We're heading further into a reality where there just aren't enough jobs. All the money has been hoovered into the stock market. There's just not enough floating around to pay people, it's all going into LLM electricity or graphics cards.
We should be living in a time of ease, where the whole planet is sustained with all of us only working a few hours a week. Instead most people are fighting for scraps barely able to afford rent.
It won't continue like this forever. The line doesn't always go up.
simpaticoder · 11m ago
Wouldn't it be nice if individuals decided at the start of their career how much money was "enough" for them, and made a pledge to retire once they hit that number. Then society can give them an "I won!" hat or gold card or something, and the next guy can take the role. In this way all enterprises become an engine pulling new hires off the street, and emitting independently wealthy people to go and enjoy their lives.
But instead we have a tiny minority of people who control more and more capital. This has well-known and terrible consequences for society from almost every angle. What I don't understand is why the .1% don't want to step aside and let someone else have a turn. It's funny that our bodies have stomachs, so we know when we've eaten "enough". But money doesn't get stored in the body.
abbycurtis33 · 13m ago
Money doesn't sit in the stock market. Value, sure, but the money goes right back into the economy.
Avicebron · 24m ago
Tentative book title: The Line Stops.
la64710 · 28m ago
Homes are unaffordable to most. Even if you sell your house for a million dollar where will
You move to?
As far jobs are concerned the job market is completely fucked up. Their is oversupply and there are no wage increase.
It does not take a genius to understand why there is no mobility.
DANmode · 25m ago
Because you've all treated housing as a financial instrument,
instead of what it should be: safety for your family.
jmclnx · 8m ago
I look at it as an expense. If you can sell and make a few bucks, great. But I doubt any new buyers will make out.
I expect in the not to distant future, the only way someone will get to own a house is to inherent one.
No comments yet
800xl · 15m ago
The job market is scary. I can afford a better house right now but am scared shitless I won’t be able to keep my income up. So we stay in our small old house for now, maybe forever.
Esophagus4 · 9m ago
Yes - looking around at the volume of people on the job market after years of layoffs, it is a very humbling experience thinking that if I do end up unemployed, I will have a hard time orchestrating my personal soft landing.
clipsy · 16m ago
> Even if you sell your house for a million dollar where will You move to?
Literally anywhere in the "bottom" 99% of the country by real estate costs?
But if you believe 3-4% is normal, then you’re probably waiting for rates to return to “normal.”
I think it’s a side effect of years of low interest rates… people are conditioned now to believe low is normal, and they want to hang on until we get back to that.
I was hoping rates would stay “high” for a while which I thought would soften the housing market so I could buy, but that doesn’t seem to have happened. Instead of prices dropping, inventory just dried up.
Shows how silly I am for thinking I could time the market.
[1] https://www.cnbc.com/2025/07/14/us-housing-markets-falling-p...
[2] https://news.ycombinator.com/item?id=44907838
We should be living in a time of ease, where the whole planet is sustained with all of us only working a few hours a week. Instead most people are fighting for scraps barely able to afford rent.
It won't continue like this forever. The line doesn't always go up.
But instead we have a tiny minority of people who control more and more capital. This has well-known and terrible consequences for society from almost every angle. What I don't understand is why the .1% don't want to step aside and let someone else have a turn. It's funny that our bodies have stomachs, so we know when we've eaten "enough". But money doesn't get stored in the body.
As far jobs are concerned the job market is completely fucked up. Their is oversupply and there are no wage increase.
It does not take a genius to understand why there is no mobility.
instead of what it should be: safety for your family.
I expect in the not to distant future, the only way someone will get to own a house is to inherent one.
No comments yet
Literally anywhere in the "bottom" 99% of the country by real estate costs?