Is this the wave to another housing bubble crash?
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Sounds like prelude to the Great Recession all over again.
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Oh, no
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Loan requirements should at least be 6% down to cover the RE agent costs to get out. Anything less and you are underwater from the start just to cover the cost to get out.
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And you def. don't need a real estate agent.
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Agreed. My company (Edgewise https://edgewiserealty.com ) allows builders to sell direct to buyers (no agent needed). Technology can do the things that agents traditionally did, allowing the seller to pass some of the savings (or all if they need to accelerate sales) on to the buyer.
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Boom. Thank you.
End of conversation
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Property speculation needs to be taxed more aggressively, to divert funds into productive investment and make home ownership affordable once again.
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Get a HSA...you need like 5 grand in your checking...as long as your credit is good it shouldn't be much of a problem
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NO LUXURY HOMES BEYOND THEIR CAPACITY TO REPAY LENDERS. LENDING SHOULD BE FOR EARNING ONLY. RESPONSIBILITY OF EVERY LENDER LENDS HIS FUNDS EARNS SUFFICIENT TO REPAY LOAN. LENDING FOR SPENDING ENCOURAGES ENTERTAINMENT, LAVISH, IRRESPONSIBLE, UNPRODUCTIVE, IRRECOVERABLE EXPENDITURE
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Haven’t banks learned anything from the 2008 melt down?
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"I want." "Okay, here." This has been the problem for Millennials their entire lives...
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You don't need a down payment to buy a house.
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Lol, no it's not a problem for them, they will build the bubble, fuck you, then crash the economy without a second thought, simply to roll off to another country with a mountain of cash... In fact, THAT'S WHAT THEY ALREADY GOT AWAY WITH!!!!!
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