Housing Bubble 2: Return of the Ugly

306 readers

94 users here now

A community for discussing and documenting the second great housing bubble.

founded 6 months ago

MODERATORS

SeattleRain

177

A mother of three says her family can't secure a $1,600 home loan, yet they must manage a $2,100 rent. (www.reddit.com)

submitted 3 months ago by SeattleRain to c/housing_bubble_2

61 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 8 points 3 months ago (1 children)

Most sellers will take anything else before VA or FHA loans and most buying agents will try to get you away from them. Most sellers will also take cash over a loan, often even if the loan is a higher amount. I’m assuming a tight market like exist in most big US cities; reasonably priced houses go very quickly still in many places.

I don’t know why the real estate conventional wisdom goes against the loan; it really frustrates me and limits accessibility.

[–] [email protected] -2 points 3 months ago

Cash buyer always asks for that discount though, u should know that ;)