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https://media.tenor.com/WYRnrfY4kPAA...-in-danger.gif :icon18: Hope everyone's enjoying their Sunday! |
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https://www.cnn.com/us/live-news/hur...-23/index.html "Hilary weakens to a tropical storm" |
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https://www.cnn.com/2023/08/20/homes...ity/index.html
"As mortgage rates soar over 7%, an unaffordable housing market is becoming even more expensive" Once again, media delivering false news. "Mortgage rates over 7%" is very affordable when putting into perspective rates of previous decades (when they were in the double digits) AND incomes were significantly lower. As I have said before, if a potential home buyer is relying on lowered rates just to qualify, they are NOT true qualified home buyers. Also, mortgage rates now isn't the issue. In addition to a severe shortage of homes, there is also the property taxes AND insurance aspect to think about. In FL, most insurance companies are fleeing the state, thus increasing premiums for the few companies left willing to underwrite in FL. For property taxes, each time ownership changes, this is when the county/city reassesses the home value, thereby increasing your tax liability. |
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As you know, we had a couple of tornado’s come thru the hood. My roof is now leaking so I called a roofer. After he handed me the estimate I asked him what my chances of insurance covering it. He asked me who it was. Told him Allstate. He said chances are slim and non. :bowrofl: |
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<rimshot> I keeed, I keeeed! I’ll be here all week! Try the veal, tip your waiter! |
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