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For the Real Estate Drop in sales and price Naysayers HOLD ONTO YOUR HATS

regor

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I didn’t fire them. They left. Stupid people do stupid things.

they also sold there homes and move to rural locations, with no jobs.

You fired the stupid people..........................that were right!!!! 🤣


Oh BTW, when you call people stupid, you might want to proof read your post for the misuse of words............................stupid. 👍
 

Orange Juice

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You fired the stupid people..........................that were right!!!! 🤣


Oh BTW, when you call people stupid, you might want to proof read your post for the misuse of words............................stupid. 👍
We make our own decisions. Wear the mask or leave. Don’t bother clocking in until you do.

It is what it is. Sorry you got but hurt.
 

Orange Juice

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You fired the stupid people..........................that were right!!!! 🤣


Oh BTW, when you call people stupid, you might want to proof read your post for the misuse of words............................stupid. 👍
If their right, then there in a better place, either way, I owe them nothing. They were paid. Move on, and shut up.

Im not winning any awards for my righting quality, and neither are most news articles.
 

Orange Juice

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I've never claimed to be bright...or civilized for that matter ;)
All we need is a niche in life, that pays better than average.

I‘m first a farmer, but make my living fixing high end equipment.

My nephew 25y/o, has his own little business installing EV chargers, and picks another $200 dollars upgrading wall plugs in the same home, to handle usb. He’s now getting repeat business, upgrading them to USB -C. I think he’s doing $150k+ in the Dallas area.
It never stops if you stay healthy.
 

monkeyswrench

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All we need is a niche in life, that pays better than average.

I‘m first a farmer, but make my living fixing high end equipment.

My nephew 25y/o, has his own little business installing EV chargers, and picks another $200 dollars upgrading wall plugs in the same home, to handle usb. He’s now getting repeat business, upgrading them to USB -C. I think he’s doing $150k+ in the Dallas area.
It never stops if you stay healthy.
In my case, roofer by birth, mechanic by necessity and general laborer if that's what's needed. My particular case is kind of unique. My health, oddly, is quite good all things considered. Multiple neck and back surgeries, but still able to stay on it...even though I was told wouldn't. On the other hand, one of my children has run into some unforseen health issues limiting "normal" scheduling.

I'm able to work a fair amount due to being relatively multi-faceted. The drawback comes with trying to do so given the limited amount of hours in the day. I'm really happy when I can get 6 hours of sleep. The kids aren't hungry, the home is ours, and neither the bank account, nor my body, is busted yet 🤣
 

Nanu/Nanu

Don't wait til' life's easy to be happy
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Everyone I know, is not having trouble finding full employement.

Who here is having trouble finding a job? Let’s start a thread and help these people out.

Post up your resume, I’ll find you a full time good paying job with your experience and expertise. 😉
Theres been one for a long time. Its a sticky and is at the top of the list in the lounge.
 

COCA COLA COWBOY

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Had a buddy get a new platinum Escalade @ MSRP 2 weeks ago…. That’s been unheard of for the last 2 years 🤣

A buddy just got a diesel Yukon that is pretty loaded for $4000 below MSRP. He said they have a bunch more that they are trying to get rid of. They aren't to the point where they will drop them $10-16k, but it's coming. I heard the dealers in Yuma are loaded with inventory.
 

LargeOrangeFont

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A buddy just got a diesel Yukon that is pretty loaded for $4000 below MSRP. He said they have a bunch more that they are trying to get rid of. They aren't to the point where they will drop them $10-16k, but it's coming. I heard the dealers in Yuma are loaded with inventory.

Wake me when that starts happening again. I keep watching Mark Ram :). A 1 way flight there is only $300.
 

Cole Trickle

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Wake me when that starts happening again. I keep watching Mark Ram :). A 1 way flight there is only $300.
it will never be 16k off but the commercials and employee pricing stuff is starting up again.

Rates sucks so the cheaper interest rate deals might be the way to go if they arrive.
 

attitude

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I have been watching homes in the greater Phoenix area for the last couple months. What is surprising is that a lot of homes coming up for sale were bought with the last 2-3 years. What is causing these people with low interest rates to sell? Heat is too much? Work from home is ending? Commute is too long? Upgrading? Most of them are posted for less than 10% higher than the purchase price which might just be enough to break even after fees.
 

shintoooo

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I have been watching homes in the greater Phoenix area for the last couple months. What is surprising is that a lot of homes coming up for sale were bought with the last 2-3 years. What is causing these people with low interest rates to sell? Heat is too much? Work from home is ending? Commute is too long? Upgrading? Most of them are posted for less than 10% higher than the purchase price which might just be enough to break even after fees.

Could be rentals that are up 30-50% since they bought them and they are cashing out.
 

Havasu blue label

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I have been watching homes in the greater Phoenix area for the last couple months. What is surprising is that a lot of homes coming up for sale were bought with the last 2-3 years. What is causing these people with low interest rates to sell? Heat is too much? Work from home is ending? Commute is too long? Upgrading? Most of them are posted for less than 10% higher than the purchase price which might just be enough to break even after fees.
Maybe there equity lines are going up
 

attitude

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Could be rentals that are up 30-50% since they bought them and they are cashing out.
These homes aren’t selling for 30%-50% more, they are posted for less than a 10% increase over the latest purchase price. Some are even post for the same if not a little less than the most recent purchase price if it was bought in 22. There also is no rental history at least on Zillow. I do have no doubt that rentals are and will be liquidated in the future for hefty returns.
 

LargeOrangeFont

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You can still get $10k off of a Ram at Mark in Lake Charles. That's where I got mine. I would do it again in a heartbeat.

Yes that is their standard discount! Been watching them for a few months. I may get a 23 when the 24s start coming out.
 

Cdog

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I’ve met several people who relocated /bought during the low inventory days that decided they now want something different. Most of these homes were paid for in cash or have very little mortgage so the rates don’t make that much of a difference to them. This is N Scottsdale, Carefree & cave creek areas.
 

attitude

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I’ve met several people who relocated /bought during the low inventory days that decided they now want something different. Most of these homes were paid for in cash or have very little mortgage so the rates don’t make that much of a difference to them. This is N Scottsdale, Carefree & cave creek areas.
Those are all the big money areas, I mainly look in the 400-500k range, Surprise, Buckeye, Queen Creek. I would assume most people cashing out of CA homes bought something more expensive in the areas you listed.

I don’t think people are selling for money issues yet, I just don’t know why people are giving up low interest rates. This is the group everyone said won’t be selling.
 

LargeOrangeFont

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Those are all the big money areas, I mainly look in the 400-500k range, Surprise, Buckeye, Queen Creek. I would assume most people cashing out of CA homes bought something more expensive in the areas you listed.

I don’t think people are selling for money issues yet, I just don’t know why people are giving up low interest rates. This is the group everyone said won’t be selling.

You are looking at a slice of a slice of a single market. They are either moving to something more expensive, or something cheaper. You said it yourself.. these people aren't selling because they can't afford it.

You should be happy these people are moving... The more inventory the better it is for you :)
 

HNL2LHC

What is right and what is wrong these days!
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Yes that is their standard discount! Been watching them for a few months. I may get a 23 when the 24s start coming out.
So you are going to get a 3500 to replace that equally tow rated F-150?
 

attitude

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You are looking at a slice of a slice of a single market. They are either moving to something more expensive, or something cheaper. You said it yourself.. these people aren't selling because they can't afford it.

You should be happy these people are moving... The more inventory the better it is for you :)
I’m trying to figure out what these people are seeing that I’m not. Is the commute from outlying areas that bad? Is the heat unbearable? Is the new build quality scaring everyone away? Does the job market in Phoenix suck?

If we decide to move to Phoenix I am at least a year out before we buy, I just like to do my research in advance.
 

LargeOrangeFont

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I’m trying to figure out what these people are seeing that I’m not. Is the commute from outlying areas that bad? Is the heat unbearable? Is the new build quality scaring everyone away? Does the job market in Phoenix suck?

If we decide to move to Phoenix I am at least a year out before we buy, I just like to do my research in advance.

Time for some visits :) Those are all good questions and it sounds like you are doing your due diligence.

Some people have unrealistic expectations when they move and cant handle some aspect of the place. It could be traffic, weather, being away from family, or they made some compromise they can't stand.
 

attitude

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Time for some visits :) Those are all good questions and it sounds like you are doing your due diligence.

Some people have unrealistic expectations when they move and cant handle some aspect of the place. It could be traffic, weather, being away from family, or they made some compromise they can't stand.
We did a visit in June, @Cdog was nice enough to show as a few new builds and resells in the Surprise area. We stayed in Scottsdale and traffic was very minimal on the 10 around 5:00 on a Friday, which is odd because everyone has said it’s bad.
 

Havasu blue label

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I’m trying to figure out what these people are seeing that I’m not. Is the commute from outlying areas that bad? Is the heat unbearable? Is the new build quality scaring everyone away? Does the job market in Phoenix suck?

If we decide to move to Phoenix I am at least a year out before we buy, I just like to do my research in advance.
Very smart I have been waiting on the sidelines for 2 years and still earning 5 percent on my money
 

Todd Mohr

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I live in Queen Creek, new rooftops going up weekly in the new subdivisions near mine. Went out to dinner last night, 1/2 hour wait on a Sunday, I'm not seeing the doom and gloom yet. I think it could be coming at some point, if you bought in 2021, there is profit to take at this point.
 

LargeOrangeFont

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We did a visit in June, @Cdog was nice enough to show as a few new builds and resells in the Surprise area. We stayed in Scottsdale and traffic was very minimal on the 10 around 5:00 on a Friday, which is odd because everyone has said it’s bad.

Lesson # 1 on moving out of So Cal.

The local's version of bad traffic is 3 AM on a Sunday morning California traffic.
 

Gonefishin5555

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Got home in 4 hours last night!! Someone put my floor plan on the market last week at 1.87M i paid 675 in 2010. That is almost enough except Prop 13 and it was 71 degrees outside when I got home and I opened all the windows.
 

Bowtiepower00

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We did a visit in June, @Cdog was nice enough to show as a few new builds and resells in the Surprise area. We stayed in Scottsdale and traffic was very minimal on the 10 around 5:00 on a Friday, which is odd because everyone has said it’s bad.
Mid summer is the lowest traffic time of the year, no snowbirds and no kids in school. Check again between Halloween and Easter- it will be about double what it is now.
 

pronstar

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I've been waiting for 0% to come back out. I can lemon law my truck, but don't think it would make sense to buy again at 7.9% interest.
Since carmakers carry the paper, they’ll start pushing low rates as inventory stacks-up, which has already begun. It will be hand-in-hand with rebates and other incentives.

Their only options to reduce inventory are:
  • cut production (last resort)
  • lower MSRP (extremely rare)
  • cheap/easy financing
  • rebates
 

monkeyswrench

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Lesson # 1 on moving out of So Cal.

The local's version of bad traffic is 3 AM on a Sunday morning California traffic.
This is very true. Unfortunately, some of us "refugees" from other states get acclimated to it...and now bitch about Phoenix "traffic". About once a year, I have to tow a car hauler into the LA area. It "recalibrates" me 🤣
 

pronstar

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This is very true. Unfortunately, some of us "refugees" from other states get acclimated to it...and now bitch about Phoenix "traffic". About once a year, I have to tow a car hauler into the LA area. It "recalibrates" me 🤣
100%

I went from living in the South Bay/LA where it could take me 45 mins to go 5 miles…
to Dallas where I’m pissed if i need to go to/from Plano, where it can take me up to 1 hour 15 mins to make the 40 mile drive 😂
 

Englewood

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Saw this on IG and found it interesting.

This is for Lake Havasu
753F2033-4C73-42BA-9EFB-9197EC4CED55.jpeg
 

LargeOrangeFont

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The new build I looked at in June started at 475k, it now starts at 430k, it’s not much but it’s something.

It’s a new build. They are fishing for buyers.

Get it while you can. The hounds will be released when the scent of rates dropping is in the air.

The Havasu increase is a function of fewer yet more expensive homes being sold.
 

gqchris

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I've been waiting for 0% to come back out. I can lemon law my truck, but don't think it would make sense to buy again at 7.9% interest.
I just financed my Bronco that I ordered over a year ago. I shopped for two weeks for interest rates. The absolute BEST I could find was what I got, 6.2% at OCCU. I have a 750ish FICO. Im A++ at Ford. They offered 10.9! F that

In the process I pissed off AMEX I guess and they ratcheded back my credit lines on my zero balance cards. I finally called today and they told me “too many inquiries “. I just about flipped my lid. I screamed at them today but did no good. They know the shit show is imminent and are reducing their liability to prepare.
 
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attitude

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It’s a new build. They are fishing for buyers.

Get it while you can. The hounds will be released when the scent of rates dropping is in the air.

The Havasu increase is a function of fewer yet more expensive homes being sold.
Not so sure that will be the case, they’re are still lots of people buying with rate buy downs and hopes of refinancing.

We probably won’t end up with a new build anyways, the narrow deep layouts they all have and tiny backyards is not for us.
 
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