The Home Improvement Thread

[Yada]

I think we're about due for sidefi to refi again.

[ye-ole-hatch ıll|̲̅̅●̲̅̅|̲̅̅=̲̅̅|̲̅̅●̲̅̅|llıl]

I think we're about due for sidefi to refi again.

doubt it unless rates get close to 2.75 again
so is the point of this post that it's odd that Africa Bambatta is posting about interest rates on his Instagram?

[Starsky]

No

That’s weird…swear to me I just lifted it off internet

[Starsky]

Congratulations to those who refinanced

https://www.msn.com/en-us/money/realestate/mortgage-rates-top-5-25-e2-80-94-and-loan-applications-are-taking-a-hit/ar-AAVWuEF?ocid=uxbndlbing

[ye-ole-hatch ıll|̲̅̅●̲̅̅|̲̅̅=̲̅̅|̲̅̅●̲̅̅|llıl]

Oh I meant to post here

Replaced my garbage disposal and even had to do the electric hook up

that's enough for 2022

[Starsky]

I hired a lot of contractors due to a water leak

They all sucked

[Space Freely]

I have three interior doors in my house I'm going to hire someone to do. Anger management classes probably would have been cheaper.

Also had our outdoor ground level AC unit inspected, ahd the guy found attic insulation inside the AC unit. His guess was that mice were bringing insulation from the attic to the AC unit. Indeed, it looked like the bird wire had come loose and birds were building a nest, and it seems possible that mice could have been coming in and out. I climbed up into the attic and reaffixed the bird wire with staples.

THe bad news is we either have to repair the AC for 1K or get it replace for about 7K. Since it's only eight years old, going to try the former.

[ye-ole-hatch ıll|̲̅̅●̲̅̅|̲̅̅=̲̅̅|̲̅̅●̲̅̅|llıl]

Rates for home loans are just about to go over 6%

Sucks if you are in the market now and if you missed the boat and didn't refi in 2021 (were at 2.5)

I can not imagine what it was like to buy a home in the mid 80s
https://fred.stlouisfed.org/series/MORTGAGE30US

my father in law still regals about those Halcyon days he got all these 18% CDs in that era

[Cock Van Der Palm]

true rates are up but demand for homes is down. I see residential listing prices being reduced and houses selling under list price.  Whereas when rates were in 2 and 3's, owners could list house at whatever they wanted and there would still be bidding wars.  So it really does even out in the end.

Rates for home loans are just about to go over 6%

Sucks if you are in the market now and if you missed the boat and didn't refi in 2021 (were at 2.5)

I can not imagine what it was like to buy a home in the mid 80s
https://fred.stlouisfed.org/series/MORTGAGE30US

my father in law still regals about those Halcyon days he got all these 18% CDs in that era

[ye-ole-hatch ıll|̲̅̅●̲̅̅|̲̅̅=̲̅̅|̲̅̅●̲̅̅|llıl]

demand is low for housing?  where are you seeing that?

It is true this will finally start to bring the housing prices down (in some markets)....but they are up 3421% since 2000, so be nice to buy that 900 sq ft 2 bedroom 1bath for only $921K vs $975K

[Cock Van Der Palm]

Scaggsville at least.  Houses are sitting on the market for longer than a weekend, listing prices are being reduced.  And Scaggsville fucking rocks!

demand is low for housing?  where are you seeing that?

It is true this will finally start to bring the housing prices down (in some markets)....but they are up 3421% since 2000, so be nice to buy that 900 sq ft 2 bedroom 1bath for only $921K vs $975K

[ye-ole-hatch ıll|̲̅̅●̲̅̅|̲̅̅=̲̅̅|̲̅̅●̲̅̅|llıl]

Scaggsville at least.  Houses are sitting on the market for longer than a weekend, listing prices are being reduced.  And Scaggsville fucking rocks!

well there are two reasons for that
1. they were overpricing them to begin with
2. Scaggsville

[Starsky]

There is give and go but you still have to come up with much more in mortgage payment a month so prices would have to dramatically drop to increase affordability with these new rates.

I guess the hope in terms of affordability is rates go up, prices drop and in a year prices stay down but rates drop?

I am not convinced the current scenario and moving forward is going to better in terms of affordability for home buyers in much of our area.

Where is Scaggsville?

[ye-ole-hatch ıll|̲̅̅●̲̅̅|̲̅̅=̲̅̅|̲̅̅●̲̅̅|llıl]

Where is Scaggsville?

between Savage and Spencerville, duh

[Starsky]

Just not familiar with those either…is this in Howard County?