Got it. That makes sense. I was not looking at that angle.

So folks maxed out what they could spend on the house. Like pushed it on what they could swing monthly. And now that energy across the board has doubled if not tripled, grocery's must be up 40% from what I see, cars and trucks are more expensive than ever, etc. etc. Now what they could just squeeze by on... they cannot squeeze by on.

When I bought my current house in 2010 they told me I qualified at that time for up to 225K. I told my realtor lets look in the 150-175k range. I paid 158k for my house. Was a very intentional play to avoid the above.

Buy the dip, sell the rip. It’s that simple.

And always negotiate from a position of power.

My wife and I are paying $500 per month more for gas than 18 months ago. We're also paying hundreds more for everything else. How much disposable income does the average family have? Surely adding hundreds of dollars more per month in expenses is decimating millions' ability to pay monthly bills, much less take care of unexpected expenses.

Dominoes will fall.

Let's go Brandon!

Like, on top?

Yes and remember, "The Lord loves a workin' man and don't trust whitey".

We have see 75% drop in sales from May to July in our development. Time to buckle up and get ready for that 08’ ride, it’s coming.

Yep they did the same thing to us. Qualified us for waaaaaay more than we could afford. Luckily we were smart and stayed within our budget. Some people did not have that option and had to pay for what they could get.

Ha I could live in an rv somewhere and be just fine. I'm not sure my wife holds the same view though! Ironically enough we are looking at renting the home we sold just before moving here! The irony of that situation is crazy 5 years later lol. It would be temporary like a year or so. My youngest son is a senior in high school. He may have an opportunity to play college ball somewhere. We may move near there depending on where he goes. It could be out of state somewhere. For sure we would move out of DFW somewhere even if its not that far out you know? East texas, out your way somewhere, denton county, fannin county who knows. I just know I don't want to live in the city any longer than I have to lol. I hate the city and miss the country and having some land and neighbors stacked up on top of me

Am I the only one that thinks 6% commission for a realtor is crazy high. You take a 400k home and they get 24k that is crazy. I know you can negotiate it down some but still it seems way to high. Also the dang appraisal district is charging us taxes on what our home would sell for but if we sell our home we only get about 90% of the sell price price because of commissions and fees taking out of the sell. At some point we are all going to have to say enough is enough!

Mine charged 4% but still on a 650k home it's still a tough pill to swallow. I know what they do is not easy. For instance the buyers agent is very good about managing the buyers in regards to the inspections and all. I'm hopeful the inspection doesn't blow things up. inspectors are the ones I don't necessarily like and I know it's not their fault per se because they have to list every little thing wrong with it, but sometimes the buyers will see it and think the home is going to implode immediately and they will back out of the deal. I had loans fall out several times because of an inspection report. So there is a real value for a Realtor for sure. i just thought a 40k commission, 20k each was a little much especially when it sold in 4 days and really didn't take a lot of effort to sell you know? On the other hand a good Realtor will in theory pay for themselves or at least that's the story

I'm never going to use a realtor....[censored] them

I feel the same way when I'm buying insurance

truth in both instances.

The agent has to split those commissions 99% of the time, yeah some are rolling in it, but not all are. Now, I don’t know too many poor insurance agents.

Majority are absolute idiots. IMO about 1 in 10 is worth the money. I have been a realtor for a decade next month. The barriers to entry are way too low. Our dues are way too cheap. The thing Im most excited is that all these fly by night realtors are going to go away. All the good agents I know are having record blow out years, my wife and myself included. New agents right now are lucky to pay their bills.