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John Juarez, ePRO, SRES, GRI, PMN (The Medford Real Estate Team)

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Rainmaker
547,687
Steven Nickens
Hawaii Life Real Estate Brokers - Wailea, HI
R(S)GRI ABR, Maui Real Estate Hawaii

I built my home in 1990, no way could I buy it today.

Apr 23, 2024 07:49 PM
Rainmaker
1,561,908
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

Yes, since I only bought in 2021, I wouldn't (though I love it), but I could.
I could not - nor would I buy back my very first home in San Mateo, CA.

Apr 23, 2024 05:04 PM
Rainmaker
1,338,069
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I could not afford to buy my home. The increase in property tax due to Cal. Prop. 13 from what I pay now would kill the deal.

Apr 23, 2024 03:15 PM
Rainmaker
1,062,610
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Yeah. But I'm not in the market to buy my house LOL

Apr 23, 2024 03:33 PM
Rainmaker
7,900,096
Roy Kelley
Retired - Gaithersburg, MD

We have a serious affordability problem in our market. The average price of a home in Montgomery County, Maryland is about $600,000. Single family homes in Kentlands, our home community, are in the $1m+ range.

Apr 23, 2024 03:27 PM
Rainmaker
5,271,684
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Even at today's prices we could buy all the hoes we have owned. At today's prices I would not. Some are 2.5 times or more than we originally paid. One home would be easier to buy today since the original mortgage rate was 17.9% on a 15 year amortization. 

Apr 24, 2024 03:40 AM
Rainmaker
135,239
Michael Elliott
Fathom Realty - Burlington Township, NJ
Burlington, New Jersey Residential Sales

Yes, but can we afford groceries 4 years from now?

Apr 24, 2024 03:10 AM
Rainmaker
911,742
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
NC Real Estate Transition & Relocation 919-602-848

It would be much harder. I was talking to someone tonight who said they can't afford to move back to our area. 

Apr 23, 2024 07:58 PM
Ambassador
3,154,243
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

We all know that opinionists are everywhere, John and I would appreciate knowing where the survey was conducted, the age group of the people they polled, financial status of the group, etc.. 

The answer to your question is yes. According to homebot (LOL), our house is worth $185K. 

Apr 23, 2024 05:59 PM
Ambassador
2,081,322
Alan May
Jameson Sotheby's International Realty - Evanston, IL
Cicadas are coming! Cicadas are coming!

Yes I could.  I wouldn't be very happy about the numbers, but I could.

Apr 23, 2024 03:52 PM
Ambassador
5,287,505
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Since we just bought it in November, I suppose I could!

Apr 24, 2024 07:41 AM
Ambassador
2,471,559
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

No I could not. Prices increased quite a bit since before the pandemic which is when we built (2nd half 2019). It's more than doubled in value since then.

Apr 24, 2024 04:55 AM
Rainmaker
1,510,003
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Yes and I'm looking to buy a few more this year too.

Apr 23, 2024 10:25 PM
Rainer
433,882
J.R. Schloemer
Kentucky Select Properties - Louisville, KY

Doubtful, but I would have to put some numbers together to see what could be done.

Apr 23, 2024 08:35 PM
Ambassador
2,200,074
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

Given my home is free and clear, Yes! If I was out shopping for a home with a minimal down payment, I could afford it... but I wouldn't want to pay that much of my monthly income for a house payment.

Apr 24, 2024 06:56 AM
Rainmaker
5,133,428
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I could, but not that I want to. I saw that article and I totally believe it based on what my own clients purchased in the past.

Apr 24, 2024 04:51 AM
Rainmaker
2,410,585
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

I/We have always lived modestly John Juarez , in fact when we bought our home we were both unemployed. We both had good good credit and had no problem purchasing the house.

Apr 23, 2024 06:19 PM
Rainer
384,567
Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

Yes, but I wouldn't want that much mortgage because it would hurt my savings ability.

Apr 24, 2024 08:18 AM
Rainmaker
1,218,151
Peter Mohylsky, Destin BeachPro
PMI. Destin - Miramar Beach, FL
Call me at 850-517-7098

I could but not sure if I would want to buy it at todays price.  

Apr 24, 2024 07:36 AM
Rainmaker
2,789,591
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

In a nice neighborhood, with location perks, the expense to purchase is now about the have & the have nots. The greed is here & in the many subjects too

Apr 24, 2024 06:07 AM
Ambassador
6,451,884
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Yes.

Apr 24, 2024 12:07 AM
Ambassador
3,355,209
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

 

Yes, I could.  However, I would not.  If I were to pay that price for a home I would not buy again in CA. 

Apr 24, 2024 09:49 AM
Rainmaker
2,252,247
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

     In small rural markets, home ownership pricing and cost of living are not sky high and climbing. In populated areas with too many people, the question is not just could you afford to buy today but would you?

     Too high and out of reach house prices makes folks get out, unfold the road map. To start their online search to look to other areas for an affordable relocation move.

     Quality of life... how high is that where you live now? A 20 year old home buyer has a different gotta have, don't want list then a 60 year old.

Apr 24, 2024 04:09 AM
Rainmaker
769,029
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

I could not buy my house in today's market.  We have a 2.25% mortgage and the house is up a half million dollars since we purchased it.

Apr 24, 2024 06:44 PM
Rainmaker
4,990,574
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I wonder if I could buy a house now but glad I invested in my house in 1998

 

Apr 24, 2024 11:00 AM