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

[Orange Juice]

Everything is going to keep going up until the election is over and then shit will hit the fan. They are flooding the real estate, stock, and crypto markets with money and artificially raising the prices of these assets so people will feel like they are worth something and will want to vote for the status quo (Biden) as to not rock the boat, because hey, this all happened under Biden (sarcasm).

If you're going to try and time it, I would list your house for sale in July-August and hope to close escrow by October and then sit back and watch the shit show. If Biden gets elected, he's going to destroy all these markets because he doesn't give a shit about reelection. If Trump gets elected, he's going to destroy these markets as well because he doesn't give a shit about reelection. So either way, after the election, it's lose lose!!

I'm just throwing different ideas out there. This is just my opinion. If you don't agree, get in line!!

.

 

[angiebaby]

Everything is going to keep going up until the election is over and then shit will hit the fan. They are flooding the real estate, stock, and crypto markets with money and artificially raising the prices of these assets so people will feel like they are worth something and will want to vote for the status quo (Biden) as to not rock the boat, because hey, this all happened under Biden (sarcasm).

If you're going to try and time it, I would list your house for sale in July-August and hope to close escrow by October and then sit back and watch the shit show. If Biden gets elected, he's going to destroy all these markets because he doesn't give a shit about reelection. If Trump gets elected, he's going to destroy these markets as well because he doesn't give a shit about reelection. So either way, after the election, it's lose lose!!

I'm just throwing different ideas out there. This is just my opinion. If you don't agree, you'll get banned until after the election!!

What happens if Kennedy wins?

 

[shintoooo]

What happens if Kennedy wins?

 

[Orange Juice]

STR

4432 E Paradise Ln, Phoenix, AZ 85032 | MLS #6677864 | Zillow

This 2852 square feet Single Family home has 5 bedrooms and 3 bathrooms. It is located at 4432 E Paradise Ln, Phoenix, AZ.

www.zillow.com

 

[Cdog]

What happens if Kennedy wins?

Stuttering contests, everywhere!!

 

[hallett21]

Rates come out tomorrow. What’s everyone’s prediction?

 

[cofooter]

Rates come out tomorrow. What’s everyone’s prediction?

Higher for longer......... just a wild guess

 

[hallett21]

Higher for longer......... just a wild guess

There’s no way they drop them tomorrow. Unless Jerome is just tossing a bag of blow on the table. My guess is they hold the rate.

 

[attitude]

There’s no way they drop them tomorrow. Unless Jerome is just tossing a bag of blow on the table. My guess is they hold the rate.

Yup, and I bet he is extra careful with his choice of words.

 

[Englewood]

Yup, and I bet he is extra careful with his choice of words.

He needs to keep his mouth shut, raise rates, and get us back on track. Too much money was injected into the system during COVID (from both sides of the aisle) and this is gonna be a never-ending cycle until we face the music.

 

[Havasu blue label]

There’s no way they drop them tomorrow. Unless Jerome is just tossing a bag of blow on the table. My guess is they hold the rate.

Hold the rate let the fake money pace back and forth

 

[Orange Juice]

Interest rates are still cheaper than my first home.

 

[Todd Mohr]

Interest rates are still cheaper than my first home.

My 1st home, 8.5%, my dad thought it was an incredible rate.

 

[4Waters]

I heard Walmart might be shutting down self check outs because people are scanning $1.99 powdered punch bar code in front of the bar code on diapers and so on. These people come up with such great ideas knowing about all the crime in this country.

Target and costco may be following as well

 

[hallett21]

Target and costco may be following as well

They have to be losing money like crazy

 

[evantwheeler]

He needs to keep his mouth shut, raise rates, and get us back on track. Too much money was injected into the system during COVID (from both sides of the aisle) and this is gonna be a never-ending cycle until we face the music.

These rates are only going to starve the middle class and low income folks and inflate our country's massive debt more. I dont know how people are holding it together.

Interest rates wont solve our country’s problems.

 

[Orange Juice]

These rates are only going to starve the middle class and low income folks and inflate our country's massive debt more. I dont know how people are holding it together.

Interest rates wont solve our country’s problems.

It all gets fixed with increased taxes. My property taxes 20 years ago in Phoenix home was $1000 a year. Today they’re $3000

 

[shintoooo]

Home sales were strong in February in SoCal

California home sales remain resilient in February despite rising mortgage interest rates, C.A.R. reports

Existing, single-family home sales totaled 290,020 in February on a seasonally adjusted annualized rate, up 12.8 percent from 257,040 in January and up 1.3 percent from 286,290 in February 2023. February's statewide median home price was $806,490, up 2.2 percent from January and up 9.7 percent...

www.bigcountryhomepage.com

 

[Orange Juice]

Home sales were strong in February in SoCal

California home sales remain resilient in February despite rising mortgage interest rates, C.A.R. reports

Existing, single-family home sales totaled 290,020 in February on a seasonally adjusted annualized rate, up 12.8 percent from 257,040 in January and up 1.3 percent from 286,290 in February 2023. February's statewide median home price was $806,490, up 2.2 percent from January and up 9.7 percent...

www.bigcountryhomepage.com

We have 3 in our tract.

 

[attitude]

Home sales were strong in February in SoCal

California home sales remain resilient in February despite rising mortgage interest rates, C.A.R. reports

Existing, single-family home sales totaled 290,020 in February on a seasonally adjusted annualized rate, up 12.8 percent from 257,040 in January and up 1.3 percent from 286,290 in February 2023. February's statewide median home price was $806,490, up 2.2 percent from January and up 9.7 percent...

www.bigcountryhomepage.com

So people are trading in their low interest rates.

 

[shintoooo]

So people are trading in their low interest rates.

Some people probably. Some are probably selling and paying cash out of state or for a smaller place. My wife and I will probably cash out within the next 5-10 years and use that money to buy something smaller for us and help our two other kids buy their first place. I think that's happening a lot and one reason prices are not coming down. There's just too much money out there.

 

[77charger]

Interest rates are still cheaper than my first home.

Lol true we were 8 percent in 2000. But only 190k in Fullerton

 

[angiebaby]

Lol true we were 8 percent in 2000. But only 190k in Fullerton

Exactly. Rates may be the same, but the cost of a house has increased 400%. Wages have not increased 400%. We paid 7% in 1992, but our home in Murrieta cost $90K.

 

[brgrcru]

1989 our first house was 10.5 % but the house only cost 136,000k
getting a home loan was next to impossible. you had to have the down payment and reserves in the bank.
our first house was a huge payment for us. $1600
couple years later, the house was upside down by 50k
people were walking away. others came in, buying the same house for 80 k with a 6%. their payment was around 500.

the gulf war just started, and gas shot up from .89/.90 gallon up to $2.50
recession, drought, construction was at a standstill.
times were super tough for us and our young family.

my friend, I have him on a short leash. his name is black cloud. has followed us around, through the years.

 

[hallett21]

26 mins

 

[EmpirE231]

26 mins

Can we get a full point increase

 

[attitude]

Can we get a full point increase

You mean fix the issue? Nope, we just kick the can down the road lol.

 

[hallett21]

We did it Joe

 

[hallett21]

Interesting that the FED said they still plan on dropping rates 3 times.

 

[regor]

We did it Joe

“Fly me to the moon; Let me trade among the stars

Let me see what stonks are like; On Jupiter and Mars

In other words, don’t hold my rates; In other words, Jay, cut them

Fill my trades with song; And let me punt for ever more

You are all I long for; All I worship and adore

In other words, please be true; In other words, Jay, I love you”

 

[Cole Trickle]

Interesting that the FED said they still plan on dropping rates 3 times.

They are talking a 1/4 point each time. Sounds like they are talking it slow. Probably hit mid to low 4's in 2025.

Looks like they also plan so slow the bond sell off.

 

[Gonefishin5555]

They are just waiting to do the cuts in the run up to November elections. Probably announce some massive amount of free shit to the masses at the same time. Maybe some more loan forgiveness, housing vouchers and free internet for all kinda crap. I saw some blurb about slowing down the asset sales of the fed also.

 

[Havasu blue label]

They are just waiting to do the cuts in the run up to November elections. Probably announce some massive amount of free shit to the masses at the same time. Maybe some more loan forgiveness, housing vouchers and free internet for all kinda crap. I saw some blurb about slowing down the asset sales of the fed also.

That’s correct

 

[Orange Juice]

MSN

 

[Englewood]

They are just waiting to do the cuts in the run up to November elections. Probably announce some massive amount of free shit to the masses at the same time. Maybe some more loan forgiveness, housing vouchers and free internet for all kinda crap. I saw some blurb about slowing down the asset sales of the fed also.

Exactly. They have something planned. It would be naive to think the fed isn’t in cahoots w the Biden regime.

 

[530RL]

We are coming up on two years since this thread predicted the end of the Real Estate world.

Is the end near soon?

 

[Havasu blue label]

We are coming up on two years since this thread predicted the end of the Real Estate world.

Is the end near soon?

What area

 

[530RL]

What area

Yes.

 

[RiverDave]

We are coming up on two years since this thread predicted the end of the Real Estate world.

Is the end near soon?

They are gonna keep dancing till it rains then say I told ya it was gonna rain.. lol.

 

[530RL]

They are gonna keep dancing till it rains then say I told ya it was gonna rain.. lol.

 

[Bpracing1127]

Well I’m not waiting anymore… I’m in the market finally!! Closed yesterday

 

[DMF]

Well I’m not waiting anymore… I’m in the market finally!! Closed yesterday

Congratulations!

 

[PaPaG]

They are gonna keep dancing till it rains then say I told ya it was gonna rain.. lol.

I guess only a few are actually checking areas around the country and just concentrating on specific areas like Havi and some of the major cities. I dont have the time to put up a few hundred examples but if ANYONE knows how to actually research they can easily see housing and land prices have drop by the 10s of thousands in a crap load of areas......I can bet I have lost over 150k on the river house if I was to sell at the peak right around the initial post vs selling now but not thinking of selling so does not matter how low or high it goes, but for a second place in another state prices are dropping every month...and more to follow. ITS SLOWLY RAINING and I am DANCING

 

[Havasu blue label]

They are gonna keep dancing till it rains then say I told ya it was gonna rain.. lol.

No body dancing my income the same

 

[bonesfab]

I guess only a few are actually checking areas around the country and just concentrating on specific areas like Havi and some of the major cities. I dont have the time to put up a few hundred examples but if ANYONE knows how to actually research they can easily see housing and land prices have drop by the 10s of thousands in a crap load of areas......I can bet I have lost over 150k on the river house if I was to sell at the peak right around the initial post vs selling now but not thinking of selling so does not matter how low or high it goes, but for a second place in another state prices are dropping every month...and more to follow. ITS SLOWLY RAINING and I am DANCING

Its not all rainbows and unicorns everywhere like the mainstream wants us to believe.

 

[Englewood]

I guess only a few are actually checking areas around the country and just concentrating on specific areas like Havi and some of the major cities. I dont have the time to put up a few hundred examples but if ANYONE knows how to actually research they can easily see housing and land prices have drop by the 10s of thousands in a crap load of areas......I can bet I have lost over 150k on the river house if I was to sell at the peak right around the initial post vs selling now but not thinking of selling so does not matter how low or high it goes, but for a second place in another state prices are dropping every month...and more to follow. ITS SLOWLY RAINING and I am DANCING

Please provide data showing you would have lost $150k by selling 2 years ago. I find that hard to believe.

Which Metro areas are "dropping every month"?

 

[PaPaG]

Please provide data showing you would have lost $150k by selling 2 years ago. I find that hard to believe.

Which Metro areas are "dropping every month"?

You gotta do your research. We are looking for a 2nd property in Texas, along with a few other states, tons of price drops with both sold price history and current asking resale prices within the last 4 year sales showing drops within the research. If I sold today I would lose an estimated 150k from what I could have sold during the peak just a few years ago, not losing 150k by selling 2 years ago but if I sold now vs a few years ago. This is what I posted: .I can bet I have lost over 150k on the river house if I was to sell at the peak right around the initial post vs selling now. Meaning my house price is roughly 150k lower now if I sold. I guess my wording was not clear enough.

 

[Englewood]

You gotta do your research. We are looking for a 2nd property in Texas, along with a few other states, tons of price drops with both sold price history and current asking resale prices within the last 4 year sales showing drops within the research. If I sold today I would lose an estimated 150k from what I could have sold during the peak just a few years ago, not losing 150k by selling 2 years ago but if I sold now vs a few years ago. This is what I posted: .I can bet I have lost over 150k on the river house if I was to sell at the peak right around the initial post vs selling now. Meaning my house price is roughly 150k lower now if I sold. I guess my wording was not clear enough.

Honestly, that's weak. You make the argument, and claim that you would've lost $150k, but have zero facts to support it. I understand what you said, I worded my response incorrectly.

I'd love to see a house in Havasu/Parker that has gone down $150k since this post started, assuming that's where your house is? It's ok to admit defeat. A one-horse town in Texas is hardly a snapshot of the market as a whole. If I am wrong, please show me and I will wear it.

@RiverDave have you seen any houses drop 150k in the last 2 years?

 

[PaPaG]

Honestly, that's weak. You make the argument, and claim that you would've lost $150k, but have zero facts to support it.

I'd love to see a house in Havasu/Parker that has gone down $150k since this post started. It's ok to admit defeat. A one-horse town in Texas is hardly a snapshot of the market as a whole. If I am wrong, please show me and I will wear it.

@RiverDave have you seen any houses drop 150k in the last 2 years?

Do your own research and see for yourself, again a Havi cheerleader as expected, Talk about one horse town. The ONE and ONLY reason Havi house prices have increased the way it has is that COVID and CALI money came flooding in and over inflated the housing prices and you know it. Look across the nation. I have nothing to do with Havi and the house prices there, I am talking about the nation...

 

[Englewood]

Do your own research and see for yourself, again a Havi cheerleader as expected, Talk about one horse town. The ONE and ONLY reason Havi house prices have increased the way it has is that COVID and CALI money came flooding in and over inflated the housing prices and you know it. Look across the nation.

Has nothing to do with Havasu. You make a claim but we need to research it? LOL. The fact that you can't substantiate your claims shows that they are not factual in any way.

Where is this river house that lost $150k in value over the last 2 years... Havasu? Parker? Bullhead? Some other River?