Row 71676

Row ID: 71676 | Dataset Entry | Axioma AXP Content Repository

Content Data

This page contains data entry 71676 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

I bought as a first time buyer in 2021 and at the time, I didn't know how things would be because rates were low and the bidding wars to get houses were high in my area. Costs were high for people in NC, but I was fleeing a HCOLA so to me it was in line with what I was looking for. A lot of people did what I did. I paid 40k over ask and 40k due dilligiance, which is nonrefundable in NC if you walk away. My house was on the market one day. Myself and 6 other people bid on the house and my terms on the bid forced the owner to agree to close before the weekend was over.

So I won. 6 other families lost.

For people who were waiting in my city, especially local people who don't earn what I earn and who weren't able to be as agressive and were getting out bid, got locked out.

In theory higher interest rates should lead to lower costs, but that isn't happening in my area. My house has gone up in value 100k. Almost everything around me that is equivalent or better is 750k to over 1 mil.

Pandemic world also wrecked finances and jobs for people. Things shut down. People moved.

FieldValue
text I bought as a first time buyer in 2021 and at the time, I didn't know how things would be because rates were low and the bidding wars to get houses were high in my area. Costs were high for people in NC, but I was fleeing a HCOLA so to me it was in line with what I was looking for. A lot of people did what I did. I paid 40k over ask and 40k due dilligiance, which is nonrefundable in NC if you walk away. My house was on the market one day. Myself and 6 other people bid on the house and my terms o…
label r/economics
dataType comment
communityName r/Economics
datetime 2024-05-24
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Raw Record

{
  "text": "I bought as a first time buyer in 2021 and at the time, I didn't know how things would be because rates were low and the bidding wars to get houses were high in my area. Costs were high for people in NC, but I was fleeing a HCOLA so to me it was in line with what I was looking for. A lot of people did what I did. I paid 40k over ask and 40k due dilligiance, which is nonrefundable in NC if you walk away. My house was on the market one day. Myself and 6 other people bid on the house and my terms on the bid forced the owner to agree to close before the weekend was over.\n\nSo I won. 6 other families lost.\n\nFor people who were waiting in my city, especially local people who don't earn what I earn and who weren't able to be as agressive and were getting out bid, got locked out. \n\nIn theory higher interest rates should lead to lower costs, but that isn't happening in my area. My house has gone up in value 100k. Almost everything around me that is equivalent or better is 750k to over 1 mil.\n\nPandemic world also wrecked finances and jobs for people. Things shut down. People moved.",
  "label": "r/economics",
  "dataType": "comment",
  "communityName": "r/Economics",
  "datetime": "2024-05-24",
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