So when’s the housing bubble bursting?








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This story was a stretch to say the least.

Invitation Homes is not buying up all the homes. They own about 1900 homes in Jacksonville which is less than one percent of all the homes in the area.

She's buying a house herself soon, so she's not trapped.

There have been decent houses in Jacksonville under $300k even during the pandemic.

This house is 14 miles away from where she is.


Nice house, better area than she's in now, under $300k, good schools, and it's been sitting on the market for over a month.
 
Housing inventory is up, homes are on the market longer and prices are decreasing here in Oakland. Especially in the upper middle class areas. I suspect that Tech layoffs is one of the primary reasons.
 








 

  • Millions bought homes in 2022–2023 expecting to refinance later at lower rates.
  • Mortgage rates remain stubbornly high—above 6.6%—crushing hopes for cheaper refinancing.
  • Those locked into 6.5%+ rates face higher monthly payments with few exit options.
  • Rising insurance and property taxes compound the burden.
  • Home prices are falling in parts of Texas and Florida.
  • Some homeowners owe more than their homes are worth, limiting refinance options.
  • Temporary rate buydowns (e.g. 2-1 buydowns) are wearing off, increasing payments.
  • With no Fed rate cuts expected soon and inflation stickier than hoped, relief isn’t near.
 
A family spent $69,000 turning their garage into an apartment so their son could live rent-free while launching his startup

Christina Starmer's son wanted to move out of the house after graduating from high school. She and her husband converted their garage into a studio apartment where he could live rent-free. Their son focused on his startup while he lived there, and the Starmers can now rent out the space.

By Samantha Grindell Pettyjohn
Jul 3, 2025


6859b379f748d8c055f4320e

The Starmer family turned their garage into a small apartment.
 
A family spent $69,000 turning their garage into an apartment so their son could live rent-free while launching his startup

Christina Starmer's son wanted to move out of the house after graduating from high school. She and her husband converted their garage into a studio apartment where he could live rent-free. Their son focused on his startup while he lived there, and the Starmers can now rent out the space.

By Samantha Grindell Pettyjohn
Jul 3, 2025


6859b379f748d8c055f4320e

The Starmer family turned their garage into a small apartment.

That's a nice space maaan :eek2:
 
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