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

[Cdog]

Try this one

Janet Yellen is 'concerned' and sees a 'lot of stress' ahead for commercial real estate as wave of giant loans come due this year

“Commercial real estate is an area that we’ve long been aware could create financial stability risks or losses,” Yellen told lawmakers.

fortune.com

Dont listen to what these political cunts say. Observe what they're doing.

 

[Orange Juice]

Dont listen to what these political cunts say. Observe what they're doing.

“Buildings don’t go away, but there owners do”
~ Charlie Munger 2023. Rip

 

[regor]

CPI Prints Hotter Than Expected In January As SuperCore Soared​

...prices are now up over 18% since Biden was elected...

TUE FEB 13, AT 5:40 AM


About those rate cuts, yea uhhhhhhh..............

 

[hallett21]

CPI Prints Hotter Than Expected In January As SuperCore Soared​

...prices are now up over 18% since Biden was elected...

TUE FEB 13, AT 5:40 AM


About those rate cuts, yea uhhhhhhh..............

They’re saying March is off the table. But May is still possible?

Not looking good though for rate cuts.

 

[regor]

They’re saying March is off the table. But May is still possible?

Not looking good though for rate cuts.

They're backed into the corner and have been for awhile now.

Pick your poison..........................you money changing Fed scumbags.

 

[hallett21]

They're backed into the corner and have been for awhile now.

Pick your poison..........................you money changing Fed scumbags.

Seems like holding with no rate cuts is the “safest” play. At least banks, businesses and people can sort of project the rest of the year.

Not sure the economy can take more rate hikes and dropping the rates just accelerates the run away train.

 

[regor]

Only corrupt money changers, political hacks and imbeciles couldn't see that.

My guess is they'll continue to print to prop up the fraudulent market, while the connected steal the spoils........................until the music stops.

They should all visit the rope and when the music stops, they better hide well or they will.

 

[RiverDave]

A bit extreme there regor

 

[EmpirE231]

We need more rate

 

[BHC Vic]

A bit extreme there regor

Are you new here

 

[regor]

A bit extreme there regor

The FBI called?

I was just simply stating my opinion on how I feel they should be dealt with and I'm pretty sure that's not a threat?

Hell, I'm just helping out by giving them good advice.

 

[regor]

Are you new here

WTF Vic, stop throwing me under the bus!!!!

 

[BHC Vic]

WTF Vic, stop throwing me under the bus!!!!

I thought that was pretty mild too all bullshit aside it’s going to get rough. Everyone at baseball is talking about how tight things are right now. And we are just getting started. I’ll admit even for me things are tight. I’m trying to work less hours but everything is so expensive. It’s crazy just taking the family out to eat, add in a movie or bowling, yikes

 

[regor]

I thought that was pretty mild too all bullshit aside it’s going to get rough. Everyone at baseball is talking about how tight things are right now. And we are just getting started. I’ll admit even for me things are tight. I’m trying to work less hours but everything is so expensive. It’s crazy just taking the family out to eat, add in a movie or bowling, yikes

Time to stack holmes.

And one other thing. You go to the dark side on that city council BS, we won't be able to be friends anymore.

 

[EmpirE231]

same friend who filed BK in 09 is talking about doing it again.

 

[78Southwind]

But have you seen the prices of oil filters, lately ? Every so often i go to Wal-Mart to buy a couple Motocraft oil filters for my Excursion. A year and a half ago they were $9.99, last week they were over $27. Edit..FJB.

 

[CLdrinker]

same friend who filed BK in 09 is talking about doing it again.

Slow learner?

 

[Sportin' Wood]

https://www.latimes.com/homeless-ho...-homeowners-behind-on-their-mortgage-payments


Free money for the taking in California. Don't miss out.

 

[hallett21]

https://www.latimes.com/homeless-ho...-homeowners-behind-on-their-mortgage-payments


Free money for the taking in California. Don't miss out.

Can you screen shot for those of us who don’t subscribe?

 

[BHC Vic]

Time to stack holmes.

And one other thing. You go to the dark side on that city council BS, we won't be able to be friends anymore.

Lol politics suck if you don’t play both sides you really don’t have a chance but then that’s why there are so many Rinos pretty shitty game

 

[FCT]

But have you seen the prices of oil filters, lately ? Every so often i go to Wal-Mart to buy a couple Motocraft oil filters for my Excursion. A year and a half ago they were $9.99, last week they were over $27. Edit..FJB.

 

[FCT]

While we’re at it

 

[caribbean20]

Slow learner?

The people that lent money to the deadbeat would seem to be the slow learners.

 

[Sportin' Wood]

Can you screen shot for those of us who don’t subscribe?

I don't subscribe?

 

[hallett21]

I don't subscribe?

 

[angiebaby]

A bit extreme there regor

I don't know, Dave. Is it? Fauci and these other bureaucrats have intentionally put the squeeze on the working class, shuttered small businesses, increased the wealth of those already filthy rich and politicians exponentially, stole a year-18 months of socialization and education from a generation of kids, forced folks to have die alone, led thousands of elderly to an earlier grave, doubled the price of housing in many areas, and increased the prices of food, utilities, and insurance by about 50% or so. These are not stupid people. They did not make a mistake. They knew the printing of $$ would cripple the economy and cause massive inflation that was not "transitory." This was done with a purpose. Wait until people begin to lose their homes, jobs, and transportation, you may feel differently. I'm not opposed to a firing squad if we could find an intelligent jury to convict them. If that is extreme, so be it.

Can you screen shot for those of us who don’t subscribe?

I got it through AppleNews.

 

[angiebaby]

View attachment 1334812

So pay the buck and then cancel it. Just think of all the great CA news you could get for three months.

 

[ChumpChange]

At this economic conference now. Increase in delinquencies.

 

[Havasu blue label]

supposedly the market is booming

 

[Havasu blue label]

In my city you have people buying 1000sq home for a million. It’s a crazy financial decision

 

[cofooter]

At this economic conference now. Increase in delinquencies.

View attachment 1334844

HOLD ONTO YOUR HAT

 

[Boat 405]

At this economic conference now. Increase in delinquencies.

View attachment 1334844

If it follows any similar trend late 2024 to early 2025 should be interesting..

 

[ChumpChange]

Don’t buy office space. And remember, it’s higher than this because if there’s still a lease in place, it doesn’t show yet even though people aren’t there.

 

[cofooter]

If it follows any similar trend late 2024 to early 2025 should be interesting..

I've always felt there was more danger in the economy than the numbers are showing. Just thought it would have surfaced by now..........

 

[angiebaby]

I've always felt there was more danger in the economy than the numbers are showing. Just thought it would have surfaced by now..........

Well, that LA Times article said that if you make up to 138K/year in LA county and you are behind in your house payments, you can get up to $80K of recently printed money. Then you can complain about your insurance, groceries, and utilites going up and wonder why. So I believe that is contributing to the lack of foreclosures in CA (and probably many other states).

 

[skifaster]

Don’t buy office space. And remember, it’s higher than this because if there’s still a lease in place, it doesn’t show yet even though people aren’t there. View attachment 1334847

Or people are there but won't be renewing their lease. A company in our building signed a 5 year lease in 2019 just before covid, empty during covid, being used again now, but won't renew once it expires later this year. I'm sure there are many in the same boat that won't renew once the lease is up which will continue to make these numbers climb.

 

[badgas]

Don’t buy office space. And remember, it’s higher than this because if there’s still a lease in place, it doesn’t show yet even though people aren’t there. View attachment 1334847

I wonder where Nashville ranks ?

I hear they are building more high rises.

I'm shocked that SF, LA and Oakland are leading the charge.

 

[CLdrinker]

I wonder where Nashville ranks ?

I hear they are building more high rises.

I'm shocked that SF, LA and Oakland are leading the charge.

I got home from Nashville lots of buildings going up. My son like cranes or hookers as he calls them. I snapped this one for him.

 

[Cdog]

Don’t buy office space. And remember, it’s higher than this because if there’s still a lease in place, it doesn’t show yet even though people aren’t there. View attachment 1334847

10% lower in free states. Makes sense. Companies are fleeing high tax expensive locales. Chevron & Shell ditching CA soon too I’ve heard. DE judge ruled on some suit that has sent shockwaves where corps are organizing.

Interesting times. The deck chairs on the titanic are being reorganized for sure.

34T in debt next stop 36+ T. This doesn’t end well but there’s profit on the table still.

 

[shintoooo]

I renewed my lease last year and it will expire February 2026. I could 100% work from my home office but I like getting up and getting ready and going to the office even if I wear shorts and a T-shirt most days lol. Probably get a lot more work done as well at the office than at home.

We do have a lot of vacancies in our building and a huge tenant left the building today. They had two large trucks being loaded up full of furniture all day today.

Chumpchange has been to my office. I like the area and it's a 10 minute drive to and from home.

 

[DrunkenSailor]

Well, that LA Times article said that if you make up to 138K/year in LA county and you are behind in your house payments, you can get up to $80K of recently printed money. Then you can complain about your insurance, groceries, and utilites going up and wonder why. So I believe that is contributing to the lack of foreclosures in CA (and probably many other states).

I have had multiple borrowers take advantage of these programs nationwide. There is no excuse for dq these days. Sell the property if you can't make the payments.

 

[ChumpChange]

Or people are there but won't be renewing their lease. A company in our building signed a 5 year lease in 2019 just before covid, empty during covid, being used again now, but won't renew once it expires later this year. I'm sure there are many in the same boat that won't renew once the lease is up which will continue to make these numbers climb.

Also true. But the shadow vacancy hurts the economy surrounding the office buildings. Nobody there for lunches or other events. Some cities are trying to say there are lower vacancies and area is coming back when they are not.

Chumpchange has been to my office. I like the area and it's a 10 minute drive to and from home.

I enjoy being in the office for the same reasons even though I have a great setup at home. I just feel productive sometimes. I enjoy my offices as well. If I’m with a client I go to Joey and if I’m by myself I go to Costco for $1.50 hotdog.

 

[zhandfull]

Seems like a decent deal. Pool home with RV garage.

3856 Chesapeake Blvd, Lake Havasu City, AZ 86406 | Zillow

3856 Chesapeake Blvd, Lake Havasu City AZ, is a Single Family home that contains 1766 sq ft and was built in 2002.It contains 3 bedrooms and 2 bathrooms.This home last sold for $520,000 in February 2024. The Zestimate for this Single Family is $532,500, which has decreased by $2,000 in the...

www.zillow.com

Down 20% since 2021.

 

[angiebaby]

Seems like a decent deal. Pool home with RV garage.

3856 Chesapeake Blvd, Lake Havasu City, AZ 86406 | Zillow

3856 Chesapeake Blvd, Lake Havasu City AZ, is a Single Family home that contains 1766 sq ft and was built in 2002.It contains 3 bedrooms and 2 bathrooms.This home last sold for $520,000 in February 2024. The Zestimate for this Single Family is $532,500, which has decreased by $2,000 in the...

www.zillow.com

Down 20% since 2021.

So someone (so some entity) bought it in 2021 and then took a $130K haircut? Seems suspect. Seems like a great house for the price.

 

[zhandfull]

So someone (so some entity) bought it in 2021 and then took a $130K haircut? Seems suspect. Seems like a great house for the price.

I agree! First thought was a family transfer. But it looked like it had a different buyer and seller agent.
One day on market screams inside deal IMO.

The only other good deal I saw on RV garage pool home. https://www.zillow.com/homedetails/95-Nelson-Ln-Lake-Havasu-City-AZ-86403/331225377_zpid/
Might look familiar to the inmates
Big price drop on that one.

 

[badgas]

I agree! First thought was a family transfer. But it looked like it had a different buyer and seller agent.
One day on market screams inside deal IMO.

The only other good deal I saw on RV garage pool home. https://www.zillow.com/homedetails/95-Nelson-Ln-Lake-Havasu-City-AZ-86403/331225377_zpid/
Might look familiar to the inmates
Big price drop on that one.

Seems way off when you see these ones. Also some non RV garage pool homes closed for $600K +

Cash on the side ? who knows

3708 Mission Dr S, Lake Havasu City, AZ 86406 | Zillow

3708 Mission Dr S, Lake Havasu City AZ, is a Single Family home that contains 1695 sq ft and was built in 2013.It contains 3 bedrooms and 2 bathrooms.This home last sold for $825,000 in January 2024. The Zestimate for this Single Family is $825,400, which has decreased by $5,300 in the last 30...

www.zillow.com

1592 Mandarin Dr, Lake Havasu City, AZ 86404 | Zillow

1592 Mandarin Dr, Lake Havasu City AZ, is a Single Family home that contains 1462 sq ft and was built in 2004.It contains 3 bedrooms and 2 bathrooms.This home last sold for $665,000 in February 2024. The Zestimate for this Single Family is $665,400, which has increased by $18,997 in the last...

www.zillow.com

 

[PaPaG]

TicTok the clock is ticking closer and closer every month. Rates are NOT going down 5-6 times this year as some dreamed, they are actually going up hopefully for the short term. I am guessing maybe 2x rate cuts this year starting sometime in June or July.

 

[Boat 405]

So someone (so some entity) bought it in 2021 and then took a $130K haircut? Seems suspect. Seems like a great house for the price.

House is just down the street from me. Pretty sure it was an inside sale. Never hit the market. I would have seen it. I walk my dogs by that house every week. I can literally see this house from my backyard.

Right now any 3/2 house with an RV Garage and and Pool on the southside will command $750k minimum. Was probably a friend or relative and done to keep a low tax base. NOBODY gives up $230k in todays market.

 

[regor]

Send MOOR money to Ukraine and make my house worth MOOOOOOOOR!!!!!!!!

 

[Havasu blue label]

House is just down the street from me. Pretty sure it was an inside sale. Never hit the market. I would have seen it. I walk my dogs by that house every week. I can literally see this house from my backyard.

Right now any 3/2 house with an RV Garage and and Pool on the southside will command $750k minimum. Was probably a friend or relative and done to keep a low tax base. NOBODY gives up $230k in todays market.

Is that a home with gas our propane and how far south