Sunday, November 5, 2023

the game baby .......the game .......

 

Listen i have said it many times ........do not buy .....what you cannot  afford .....yes!...... the bullshit pressure of marriage and  image  ......yet some of  you all  still fall for that responsibility bollocks scam.......in scotland ......we call it........ all fur coat.......and no knickers ........why would you spend your days  working your life away ....... for a house you  cannot live in  ....because you are too busy paying the mortgage ........it's a  fucking scam....yet everyday  .....fools fall for this game ....... and as you all know like we  all know .......buying a home is a  risk ........based on the  economy .....it can fold  in a  matter of  days .......been there  ....done that twice i got out by the skin of my teeth .....not once twice  .....houses were  built for banks .....they cannot lend  you money on anything so houses  were   built for one reason  ....collateral ....simple simple .....dolly dimple ........


Many Southern Nevada homeowners feel ‘trapped’ in their mortgage, report finds

(NEXSTAR) – If we’ve learned anything about the real estate market these past few years, it’s that things change fast.

During the peak of the pandemic, low interest rates and the desire for more space led to a home buying and selling frenzy. At the end of 2021, home prices were 18.5% higher than they had been just a year before, according to CoreLogic.

Now, in places where the real estate market was recently red hot – like Southern Nevada – fewer homes are being listed than just two years ago. Those same homes now have bigger price tags and are sitting on the market longer.

This unincorporated Clark County town is one of the fastest growing places in the country

Those factors, combined with high interest rates, have some homeowners here feeling “trapped,” according to new data analysis by MoneyGeek. The personal finance site looked at 312 metro areas around the country to assess where average mortgage spending has gone up while housing supply has gone down.

In Las Vegas and the surrounding suburbs, the cost of a new mortgage has jumped about 73% between 2021 and 2023. Prices have also gone up in the past two years. The median home listing price in Las Vegas last month was $445,000, according to Realtor.

Meanwhile, new listings have dropped about 20%, leaving people with fewer options if they wanted to downsize or move around.

The Vegas metro ranked 13th nationwide on MoneyGeek’s list of places where homeowners feel most “trapped.”

You need to make this much to be considered ‘middle class’ in Las Vegas

See the full top 20 below:

Rank

Metro area

% change in mortgage (2021 to 2023)

Additional mortgage spending (2021 to 2023)

Avg. monthly mortgage

% change in home value (2021 to 2023)

% change in new listings

% change in days on market

1

Gainesville, GA

83.7%

$10,720

$1,960

24.8%

-27.8%

29.7%

2

Atlanta-Sandy Springs-Alpharetta, GA

82.4%

$10,953

$2,020

23.9%

-25.6%

27.2%

3

Ocean City, NJ

77.9%

$17,515

$3,334

20.8%

-31.7%

9.3%

4

San Diego-Chula Vista-Carlsbad, CA

71.2%

$23,447

$4,698

16.3%

-29.6%

18.7%

5

Riverside-San Bernardino-Ontario, CA

73.1%

$15,363

$3,032

17.5%

-24.9%

25.6%

6

Santa Cruz-Watsonville, CA

69.6%

$30,734

$6,244

15.1%

-31.1%

17.7%

7

Charlotte-Concord-Gastonia, NC-SC

82.2%

$10,931

$2,019

23.7%

-23.9%

12.9%

8

The Villages, FL

86.7%

$12,370

$2,219

26.8%

-26.1%

0.8%

9

Flagstaff, AZ

79.3%

$16,901

$3,184

21.8%

-16.2%

34.2%

10

Bend, OR

68.1%

$17,535

$3,608

14.1%

-24.4%

29.3%

11

San Jose-Sunnyvale-Santa Clara, CA

67.0%

$39,038

$8,110

13.4%

-34.6%

15.9%

12

Naples-Marco Island, FL

104.5%

$19,515

$3,182

38.9%

-15.8%

10.1%

13

Las Vegas-Henderson-Paradise, NV

72.6%

$11,332

$2,246

17.2%

-20.1%

43.4%

14

Los Angeles-Long Beach-Anaheim, CA (Tie)

66.7%

$23,466

$4,885

13.2%

-27.8%

15.7%

14

Phoenix-Mesa-Chandler, AZ (Tie)

74.3%

$12,543

$2,452

18.4%

-17.1%

53.3%

16

Santa Maria-Santa Barbara, CA

80.6%

$25,748

$4,806

22.7%

-16.1%

10.2%

17

Seattle-Tacoma-Bellevue, WA

65.6%

$18,399

$3,872

12.4%

-27.1%

25.5%

18

Athens-Clarke County, GA

76.1%

$8,872

$1,711

19.6%

-23.3%

17.2%

19

Kahului-Wailuku-Lahaina, HI

88.4%

$29,980

$5,326

27.9%

-28.2%

-8.8%

20

North Port-Sarasota-Bradenton, FL

97.4%

$14,888

$2,515

34.0%

-12.8%

13.4%

Nationwide more homeowners are feeling “trapped” in their mortgages, but the conditions are more favorable in West Virginia, Illinois and Louisiana.

According to MoneyGeek’s analysis, residents of Wheeling, West Virginia; Parkersburg, West Virginia; Alexandria, Louisiana; Danville, Illinois; and Decatur, Illinois, were least likely to feel trapped.

For t

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  Free the snake i say .....i hate dams........ all of them  ...they are built for  all the  wrong fucking reasons ............only animals ...