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'Doubt and hesitation' are ripping through the housing market: 'People are starting their home search, then backing out' (fortune.com)

submitted 7 months ago* (last edited 7 months ago) by cm0002@lemmy.world to c/usa@midwest.social

10 comments fedilink hide all child comments

Well I am just shocked, SHOCKED I say! Well...not that shocked

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[–] Yawweee877h444@lemmy.world 20 points 7 months ago* (last edited 7 months ago)

As planned.

Wealthy and corporations love buying properties to rent out.

Eventually the majority will have the vast majority of their income going to rent and bills for necessities, if we're not getting there already. With no escape. It's only going to get worse.

8647

#luigi

[–] DioramaOfShit@lemm.ee 4 points 7 months ago

I am also mildly surprised.

[–] SolarMonkey@slrpnk.net 3 points 7 months ago* (last edited 7 months ago)

I’m currently in this boat.. I’ve wanted to sell to buy land with a house somewhere cheaper, and I have a private offer on mine (never listed on the market, friend just knows I want to move and offered), but I’m seriously considering backing out (or at least heavily delaying) because there’s absolutely nothing meeting my requirements on the market, where three months ago there were dozens of options..

[–] Malfeasant@lemm.ee 2 points 7 months ago (1 children)

And of course my wife picked now to get divorced...

[–] peoplebeproblems@midwest.social 1 points 7 months ago

Yeah mine did too. Don't worry, whatever settlement you end up with will be frustrating and disappointing to you both.

The good news is that in 3 years all my salary will be mine and maybe I'll be able to afford a place then. Who knows. Probably not since that also expects us all to survive that long.

[–] Linktank@lemmy.today 2 points 7 months ago (1 children)

I've wanted to buy a house for like 10+ years. Never the right time.

[–] blakenong@lemmings.world 3 points 7 months ago

20 years here. It wasn’t the right time for me in 2012, when it was rock bottom in the US. I refuse to pay 500k for a 70 year old tract home with a bad roof and original everything.