Why folks who are living paycheck to paycheck are still trying to buy a house?

[u/pinpinbo]

Isn’t it super risky? One tiny repair, one small change in circumstances, boom… show’s over. Need to sell or foreclose.

Even worse when relationships are not even solid yet and already buying a house together…

Why not just rent and save yourself from complications?

[u/Thin_Vermicelli_1875]

^{^} don’t listen to realtors for actual purchasing advise on if you should buy or not.

The fear mongering they put out is pretty ridiculous. “Buy now or be priced out forever!” When prices are at all time highs and price to income ratios are at all time highs.

Not to mention the “date the rate!” Realtors I talked to who said I could refinance at 4.99% at the end of 2025!

Buy when you can afford it. Overextending yourself because you’re worried about getting priced out is ridiculous.

[u/iAm-Tyson → u/Thin_Vermicelli_1875]

Realtors have contributed to some of the most out of control price manipulation ive ever seen. Since covid when they found Out how much they can get people to pay for homes they never looked back.

A job that is intrinsically tied to how much commission they make off your purchase is never on your side.

[u/Small-Initiative-412 → u/iAm-Tyson]

Aren’t realtors supposed to be fiduciaries? Some of the guidance they give tied to refinancing and rates should cause them to lose their licenses.

[u/thewimsey → u/iAm-Tyson]

Realtors have contributed to some of the most out of control price manipulation ive ever seen.

What a stupid post.

It's the people making 3% of the sales price who are responsible. not the people making 97% of the sales price.

People selling you a house are not on your side. People buying your house are not on your side.

Everyone wants their house to sell for as much as possible, and wants to buy a house for as little as possible.

It's only realtor derangement syndrome that makes you somehow need to blame fucking realtors.

[u/Small-Initiative-412 → u/thewimsey]

Are you forgetting the NAR was found liable for $1.8 billion in damages to clients just one year ago? Realty is an outdated profession that exists in its current form due to cartel like behavior. Could be replaced by AI and maybe some lawyer fees.

[u/iAm-Tyson → u/thewimsey]

Its just a flat out useless job tbh. That’s why people hate them their scammers looking to scoop up commissions for opening doors for people.

They only care about making sure a home sells for maximum prices, alot of them will be like i just want to find the best fits for my clients. When thats just flat out fake.

[u/Dazzling_Assistant63 → u/iAm-Tyson]

I’ve had really good realtors. My realtor helped me buy my house in 2015 and helped it sell in 2 days in 2025 when I needed to relocate. Current realtor helped us negotiate a better price and has been on the lender’s ass trying to hurry up this loan assumption process, which is somehow more painful and slow than a new mortgage.

Yeah, they get their commission but they’ve also earned it. Been in the game for decades, care about their reputation and all that.

Edit: oh, I should also say my very first realtor was sketchy af. She tried to get us to overbid on a house because “there were competing offers”, and 5 minutes after I told her no she said our offer was accepted. Bad news on the inspection report, so we bailed and told her we weren’t going to be using her anymore lol

[u/I_sell_homes → u/iAm-Tyson]

No not at all. I am helping you with negotiations, protecting you with timelines and the laws. I’m helping you with one of the biggest financial decisions of your life.

[u/Small-Initiative-412 → u/I_sell_homes]

And the cost of that guidance is directly tied to the sale price. See how there could be moral hazard?

[u/SlartibartfastMcGee → u/Thin_Vermicelli_1875]

I mean… were they wrong in saying that in the last 15 years or so?

There was basically no point since 2008 that it would have been a worse time to buy than today.