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Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
I Wouldn’t buy real estate right now.
Posted by: Mark Readings ()
Date: January 14, 2022 11:48AM

People are still swimming in gov ponzi money.

Shopped few cities last few weeks and half the realtors didn’t even respond.

Wait till there’s blood in the streets.

It will come.

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Re: I Wouldn’t buy real estate right now.
Posted by: er doc ()
Date: January 14, 2022 12:11PM

Mark Readings Wrote:
-------------------------------------------------------
> People are still swimming in gov ponzi money.
>
> Shopped few cities last few weeks and half the
> realtors didn’t even respond.
>
> Wait till there’s blood in the streets.
>
> It will come.


You weren't shopping in dem run cities. People are willing to go into foreclosure to get out of these shitholes. You must be looking in red states. They're hard to get into right now because they're so popular.

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Re: I Wouldn’t buy real estate right now.
Posted by: G.I.Luvmoney ()
Date: January 14, 2022 12:27PM

That depends. Are you buying with cash or are you relying on credit? If you need a mortgage to buy a home, then today is the time to buy. Interest rates are not going to be this low again for a long time. If you need financing to buy a house, the price of the house would have to drop 25% for the monthly PI on a 4% loan to equal the PI on a 2% loan at current prices. Don't hold your breath for that kind of drop in the DC area.

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Re: I Wouldn’t buy real estate right now.
Posted by: Black pill realty group ()
Date: January 14, 2022 12:42PM

I won’t be able to afford real estate anywhere in the US (like 3/4 of Americans) my best bet is to win the lotto or intentionally get run over by a mail truck. I’ll probably be living in my car in 30 years tbh.

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Re: I Wouldn’t buy real estate right now.
Posted by: I buy & sell houses! Call me! ()
Date: January 14, 2022 01:14PM

Mahdi Realtors

800-656-4673

If we can't buy or sell it, we must be asleep!

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Re: I Wouldn’t buy real estate right now.
Posted by: Maybe Eesh ()
Date: January 14, 2022 02:16PM

I buy & sell houses! Call me! Wrote:
-------------------------------------------------------
> Mahdi Realtors
>
> 800-656-4673
>
> If we can't buy or sell it, we must be asleep!

Do you also suck dick?

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Re: I Wouldn’t buy real estate right now.
Posted by: watching close ()
Date: January 14, 2022 05:02PM

Mark Readings Wrote:
-------------------------------------------------------
> People are still swimming in gov ponzi money.
>
> Shopped few cities last few weeks and half the
> realtors didn’t even respond.
>
> Wait till there’s blood in the streets.
>
> It will come.

I am hoping to sell this Spring as long as the bubble has not burst by then. Going to rent a small but comfortable studio apartment and wait for rock bottom and try to buy a nice foreclosure on the cheap.

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Re: I Wouldn’t buy real estate right now.
Posted by: I'm so close to bailing. ()
Date: January 14, 2022 07:30PM

Bought my house in 1991 for 77k. Zillow has it at 1.2 million. I'm so damn close to saying fuck it and selling out and heading to Florida. Fuck the cold and snow.

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Re: I Wouldn’t buy real estate right now.
Posted by: Show and Tell ()
Date: January 14, 2022 08:06PM

Mark Readings Wrote:
-------------------------------------------------------
> People are still swimming in gov ponzi money.
>
> Shopped few cities last few weeks and half the
> realtors didn’t even respond.
>
> Wait till there’s blood in the streets.
>
> It will come.


I always follow investment advice from anonymous posters on FFXU.

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