this post was submitted on 09 Jul 2024
45 points (88.1% liked)

Housing Bubble 2: Return of the Ugly

309 readers
97 users here now

A community for discussing and documenting the second great housing bubble.

founded 6 months ago
MODERATORS
SeattleRain@lemmy.world
45
A massive bubble in the South is about to pop (lemmy.world)
submitted 4 months ago by SeattleRain@lemmy.world to c/housing_bubble_2@lemmy.world
41 comments fedilink hide all child comments
 

https://x.com/nickgerli1/status/1810284154451378414

you are viewing a single comment's thread
view the rest of the comments
[–] GBU_28@lemm.ee 3 points 4 months ago (1 children)

Where did rentals come up? I'm discussing purchases.

I don't get information from TikTok, I get it from professionals

[–] SeattleRain@lemmy.world -1 points 4 months ago* (last edited 4 months ago) (1 children)

Exotic loams liken DSCRs are only used to buy investment properties. Investor demand is what's driving the shortage and exploding home prices. Just like in '08.

Yes many primary residency borrowers got 4 percent on traditional loans. But investors didn't because they were in a buying frenzy from 2019-2022. They couldn't wait for traditional mortgages, these were the supposed "cash buyers" that were infamously waiving inspections and appraisals. The FHA isn't going to let you do that.

Go ahead and get your news from "professionals" who were denying the existence of a bubble at all until this month.

[–] GBU_28@lemm.ee 1 points 4 months ago

I'm more of a silt guy