Observations, rants, theories, speculation on future market movement, experiences, offer heartbreak, buyer fatigue, seller drama, mortgage drama, appraisal drama, anecdotes, new construction builder shenanigans, rate predictions, frustration with seller listing price strategy, crystal balls, and so on, that you may not feel warrant their own threads, but you want to get it off your chest.
Individual threads of that nature, that are repetitive (the 1000th thread consisting of “omg the market is hot and rates are high!!”, for example, doesn’t warrant it’s own thread if that’s all the OP is) may be merged into here, too.
Link to the last thread, episode VII.
Onto the awards! As always, these are per the reddit algorithm.
The BEST post was (of course) by /u/pic_bot:
Todd’s presidential run was a Cinderella story—that is, if Cinderella had known the value of sweat equity.
A visionary investor with no political experience, Todd had won over voters with his rags-to-riches story. After realizing that Southern California was a dramatically undervalued real estate market, Todd had swung to action and purchased a condominium in Long Beach before real estate had started appreciating 30% per year in the early 2020s. By 2050, Todd’s modest investment had grown to be worth $100 million.
Todd’s first executive orders ensured that visionary, risk-taking homeowners like himself were protected from the unwashed hordes of the renting class. Minimum rents were set equal to 105% of local incomes, to ensure that undesirables went into permanent debt in the service of the landed gentry.
In the early 2020s, a violent faction of political extremist had doubted Todd. They had posted mean things on Reddit. But upon taking the presidency, Todd got his revenge. His first order of business had been rounding up all the doomers and sending him to re-education camps / accessory dwelling units in Boise, Idaho.
The TOP post was also by /u/pic_bot:
Do any of my fellow landed gentry have a problem with getting too much attention from members of the opposite sex? Whenever I’m at a bar with my renter friends, high quality women (>7.5/10) can’t help but hit on me repeatedly.
I’m happily married to an 8.5 with a 2.9% interest rate, but the attention from all these women is really getting out of hand. I try to redirect them to my less-fortunate tenant friends, but these women understandably find their loose economic acumen and precarious financial footing repulsive. In contrast, I think that they can instinctively tell that I have a low interest rate (2.89%), and so they naturally gravitate to my confidence and intelligence.
Because we can’t let PB take all the glory, the 2nd BEST post was by /u/digitaliceberg, who by now is presumably a HOMEOWNER! Whoop whoop!
After a year and a half search, I’m officially under contract at asking price, $620k, bit more than I wanted to pay but I’m glad this nightmare is over. I’m not gonna move for a decade again, I didn’t enjoy shopping for a house this long. Luckily really good location, homes on the same street going for 800k so its a score in charlotte nc!
And, same reason, 2nd TOP post was by… also /u/pic_bot, but we’re skipping it. The 2nd TOP post award goes to /u/Double4Free, who has the audacity to doubt my crystal ball:
Hey you. Yea you. Scrolling through this cesspool of a thread. I just want to let you know that nobody knows what’s going to happen next. And if they claim to know, they don’t and are just speculating. Thought I’d let you know.
Hope you have a wonderful rest of your day!
The most CONTROVERSIAL post was by /u/howdthatturnout, discussing how that turned out:
I love how doomers claim we can’t possibly sustain this level of affordability.
Based on affordability indexes we sustained the current level of affordability or worse, for the whole first half of the 1980’s. And then it gradually improved as interest rates came down.
These same bozos claimed that 2021 prices at 2021 rates weren’t even sustainable. It’s almost like they have no grasp of what is or isn’t sustainable.
That’s why they were convinced prices would swiftly drop proportional to interest rate hikes. So much for their confidence that prices would drop 10% for every 1% increase in mortgage rates, and summer 2021 being the peak, and no spring bump in 2022.
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