Ready to start the conversation about moving to Montgomery County, MD, DC or Northern VA? Click the link below to schedule your private Zoom video call to learn more about these areas: calendly.com/caryn01/buyer-seller-consultation?month=2024-04 Or feel free to email me at caryn01@gmail.com
If the issue is low supply for owner occupied residential real estate you would check the stats on who currently holds that supply. Were you to find a large portion of that supply to be in non-owner occupied hands you would alter the tax code to reduce the demand,profitability(speculation) thus increasing supply.
It doesn’t help that you have corporations like black rock and Vanguard buying single-family homes. affecting the places on the epic scale turning all the homes into rental
I personally think Harris's ideas are awful when regarding 25k assistance. The problem is theres not enough inventory and that will just put more pressure on demand. I personally live in a owner ocupied condo complex where each bulding is 3 floors with four 2 bed one baths on each floor. I personally believe that the american dream needs to deviate accept low rise condos building that feel like a single family neighborhood. In my personal idea The bottom floor would have 4 600 sq foot 1 bed 1 baths, along with 4 900 sq foot 2 bed/ 1 bath units, and the 2nd and 3rd floor would have 4 1500 square foot 3 bed/ 1.5 bathroom unit each. Futhermore builders could be incentivised by heavy tax breaks regarding materials if they were to sell the homes at a more affordable price. Futhermore unit prices increases could be locked to follow the previous years rate of inflation.
Keep your credit up and wait. That's the real plan. In the meantime, rent, live with your parents, have roommates, live in an RV, be homeless in a tent.
Okay maybe I'm just dumb but if they allowed 3-4% rates for primary home buyers only and 7% plus for investment buyer second home rentals etc then this would definitely help... right? unlock the rate handcuffed buyers at they would get a low rate and move to another home and then this would block investors making prices going up too much. Also for the people that think I'll just get my "primary and then not sell my home then that home would go to a 7% due to getting the lower rate on the new home and it no longer being a primary... Am I crazy but would this be a better short term solution 🤔
They could do this immediately without changing any laws. Supposedly, mortgages to owner-occupiers should be a lower rate than investors since their risk profile is lower. However, there’s been tons of fraud where investors say they’re getting a mortgage for a home they want to occupy, then the bank never checks through on that. These are then packaged up into mortgage backed securities that don’t accurately reflect the risk in them. If that sounds familiar, it’s just a slightly different take on the 2008 financial crisis.
I've been waiting 3 years for housing prices to come down. They haven't. They're not going to. I missed my chance to buy a house, but my mom says I can inherit her house when she passes. Guess that's the only way a lot of us will ever own a house, and I'd rather not have one than get one that way.
Adjust your expectations. You can buy a condo, live in it for 5 years, build equity, sell and buy a bigger place in the future. That is what almost all of my friends did. If you are waiting for a single family home to drop significantly in price it is unlikely.
Please do a video on trumps housing market plan. Drill baby drill. It’s moronic. I’m sure him and his billionaire buddies would love to help out average Americans. Even if he had the desire or brains to think intellectually about this problem…he has neither.
The production of nearly everything is tied to fossil fuels. Makes sense to me because my wallet was much thicker under Trump vs this current embarrassment
Ready to start the conversation about moving to Montgomery County, MD, DC or Northern VA? Click the link below to schedule your private Zoom video call to learn more about these areas: calendly.com/caryn01/buyer-seller-consultation?month=2024-04 Or feel free to email me at caryn01@gmail.com
How about ban investors from buying single homes, that'll put ~500k units on the market
If the issue is low supply for owner occupied residential real estate you would check the stats on who currently holds that supply. Were you to find a large portion of that supply to be in non-owner occupied hands you would alter the tax code to reduce the demand,profitability(speculation) thus increasing supply.
It doesn’t help that you have corporations like black rock and Vanguard buying single-family homes. affecting the places on the epic scale turning all the homes into rental
I personally think Harris's ideas are awful when regarding 25k assistance. The problem is theres not enough inventory and that will just put more pressure on demand. I personally live in a owner ocupied condo complex where each bulding is 3 floors with four 2 bed one baths on each floor. I personally believe that the american dream needs to deviate accept low rise condos building that feel like a single family neighborhood. In my personal idea The bottom floor would have 4 600 sq foot 1 bed 1 baths, along with 4 900 sq foot 2 bed/ 1 bath units, and the 2nd and 3rd floor would have 4 1500 square foot 3 bed/ 1.5 bathroom unit each. Futhermore builders could be incentivised by heavy tax breaks regarding materials if they were to sell the homes at a more affordable price. Futhermore unit prices increases could be locked to follow the previous years rate of inflation.
Not just first time home buyers but illegal’s specifically are the only ones to get the Harris credit.
Keep your credit up and wait. That's the real plan. In the meantime, rent, live with your parents, have roommates, live in an RV, be homeless in a tent.
Incentivizing builders to build sub 200k homes would be a great idea. ✌🏻
Okay maybe I'm just dumb but if they allowed 3-4% rates for primary home buyers only and 7% plus for investment buyer second home rentals etc then this would definitely help... right? unlock the rate handcuffed buyers at they would get a low rate and move to another home and then this would block investors making prices going up too much. Also for the people that think I'll just get my "primary and then not sell my home then that home would go to a 7% due to getting the lower rate on the new home and it no longer being a primary... Am I crazy but would this be a better short term solution 🤔
They could do this immediately without changing any laws. Supposedly, mortgages to owner-occupiers should be a lower rate than investors since their risk profile is lower. However, there’s been tons of fraud where investors say they’re getting a mortgage for a home they want to occupy, then the bank never checks through on that. These are then packaged up into mortgage backed securities that don’t accurately reflect the risk in them. If that sounds familiar, it’s just a slightly different take on the 2008 financial crisis.
The competetors plan is no better than the current leaders plan...they both are troublesome for the economy!!
I've been waiting 3 years for housing prices to come down. They haven't. They're not going to. I missed my chance to buy a house, but my mom says I can inherit her house when she passes. Guess that's the only way a lot of us will ever own a house, and I'd rather not have one than get one that way.
Adjust your expectations. You can buy a condo, live in it for 5 years, build equity, sell and buy a bigger place in the future. That is what almost all of my friends did. If you are waiting for a single family home to drop significantly in price it is unlikely.
Big time lies already have it didn’t work
Please do a video on trumps housing market plan. Drill baby drill. It’s moronic. I’m sure him and his billionaire buddies would love to help out average Americans. Even if he had the desire or brains to think intellectually about this problem…he has neither.
The production of nearly everything is tied to fossil fuels. Makes sense to me because my wallet was much thicker under Trump vs this current embarrassment