If you are going to sell SELL VERY SOON....

[PaPaG]

Housing, Cars new and used sales are all slowing down. Instead of 7-10 buyers bidding on houses most professional real estate sites say they have dropped and are averaging 1-2 and rarely 3 offers and less folks trying to outbid others, existing home sales dropped to lowest level since 2020 and slowing even further, used vehicles have dropped on both sales volume and prices, new vehicles to follow soon. If you have a buyer for your house at a great price----SELL SELL SELL before the rates drive the market down down down...then BUY BUY BUY lol lol....
And to those in the housing market that say it will keep going up but facts are facts and facts don't lie.

 

[Orange Juice]

Do you have an exact date?

 

[BingerFang]

Are you saying my 2002 Duramax with 250,000 miles isn't going to sell for $45,000?

 

[DWC]

Inflation is a SOB. Record inflation is a Mf’r. Interest free money + stimmy checks will be a case study for decades.
The good news is that our kids will be able to afford housing. The bad news is it’ll be ours.

 

[LargeOrangeFont]

House buy and sell.. done and done.

I’m wondering if I should sell my commuter car now though and maybe wait to buy something else.

It is worth more than I bought it for at the moment. The cheap transportation is nice however with these gas prices.

 

[LargeOrangeFont]

Are you saying my 2002 Duramax with 250,000 miles isn't going to sell for $45,000?

$42k now…

 

[PaPaG]

I was looking at a new car, dealer wanted 25k more than MSRP and there was a backlog, I got a call yesterday and he said we have a few of them coming in that are available, I laughed and said for 25k over msrp, he said no 5k now, I laughed again and said call me when they are 5k under msrp lol...

 

[CLdrinker]

But they said the fed rates don’t affect home loans.

 

[LargeOrangeFont]

I was looking at a new car, dealer wanted 25k more than MSRP and there was a backlog, I got a call yesterday and he said we have a few of them coming in that are available, I laughed and said for 25k over msrp, he said no 5k now, I laughed again and said call me when they are 5k under msrp lol...

What car were you looking at?

 

[PaPaG]

What car were you looking at?

keeping that a bit quiet for now, don't want someone to buy up the incoming stock as I hope they sit there not selling so I get it for the price I want.

 

[77charger]

But they said the fed rates don’t affect home loans.

And prices ain’t droppping either. It will never crash they said.

 

[Orange Juice]

But they said the fed rates don’t affect home loans.

They don’t when they’re are cash buyers.

 

[CLdrinker]

What car were you looking at?

Sure as shit ain’t no fucking F250!

 

[CLdrinker]

And prices ain’t droppping either. It will never crash they said.

It’s not gonna crash in my opinion. But reality is about to set in that’s for sure.

Biden will print more money before everything goes to shit and kick the can until election time

 

[monkeyswrench]

The hell you say! The market will slow?

Damn I hope so. Tired of fixing crap on the "suddenly wealthy" landscaper trucks. Everyone of them went and bought new trucks, lifted them and bought dump trailers. Not a one of them seem to know how to tow, or drive anything bigger than their old 95 toyotas!

 

[Bpracing1127]

Well one thing is for certain. Equity in a house will no longer be converted to cash. It doesn’t make any sense to refi (cash out or otherwise) at a higher rate. That will slow down purchasing on construction, pools, toys, vacations, vacation homes. Ect. Will it bring down overall price? Yes but not until people loose their jobs

 

[traquer]

Well one thing is for certain. Equity in a house will no longer be converted to cash. It doesn’t make any sense to refi (cash out or otherwise) at a higher rate. That will slow down purchasing on construction, pools, toys, vacations, vacation homes. Ect. Will it bring down overall price? Yes but not until people loose their jobs

People won't lose their jobs, but they'll be making quite a bit less each year due to inflation. Wonder how that will play out over the next few years

 

[NicPaus]

Inventory in the Southbay is half of what it was last year this time. House across the street is in escrow at 2.7 listed at 2.5. 1870 sq ft 1950s build.

That said I am sure Inventory will start to go up. Interest rates have doubled.

Mobile sales at Echo have slowed down. Talked to the realtor last week for a hour. She was getting ready to list 1 though for 240K. Heard a friend of a friend bought it first day for 230K. Record sale in our park.

 

[bk2drvr]

Sure as shit ain’t no fucking F250!

Tesla?

 

[Riverryder]

The rv dealer in vegas off the 95. Has been full to the brim for months now and don’t see any of them moving.
I’m going to post my boat up on Sunday

 

[RichL]

Do you have an exact date?

Second Tuesday of next week.

 

[CLdrinker]

Look at this knuckle fuck. Chill bro you in Apple Valley. Same street as me.

 

[Tank]

I aint sellin' shit!




But seriously, Sell the truck for 10k more than I paid? Still have to buy another.
Sell the Yukon for some stupid inflated price? Wife wants an Escalade.
Sell the boat for 3 times what I paid? Then I'd want a Tiger for 4 times what I paid.
Sell the house for 2.5 mil? Now need to go move somewhere else and be taxed at new rate etc. etc.


Unless you have a fleet of toys and houses and shit and can sell without needing to replace, meh, it's all relative.

 

[EmpirE231]

Look at this knuckle fuck. Chill bro you in Apple Valley. Same street as me. View attachment 1108646

How TF do you pronounce that street name lol.... talk about a nightmare for giving out your address / location

 

[LargeOrangeFont]

Look at this knuckle fuck. Chill bro you in Apple Valley. Same street as me. View attachment 1108646

Lol why don’t you go over there, knock on his door and let him know that you are offended by his asking price in an open and free market in which no one is obligated to purchase anything at the said asking price.

 

[Roosky01]

How TF do you pronounce that street name lol.... talk about a nightmare for giving out your address / location

It's just a fancy way of saying "blowjob".

 

[CLdrinker]

Lol why don’t you go over there, knock on his door and let him know that you are offended by his asking price in an open and free market in which no one is obligated to purchase anything at the said asking price.

I’m printing fliers of my house to hand out at his open house this weekend. Save 200k by walking down the street.

 

[sirbob]

of course everything is about to reset...

better get it while the gettin is good.

 

[BHC Vic]

The rv dealer in vegas off the 95. Has been full to the brim for months now and don’t see any of them moving.
I’m going to post my boat up on Sunday

Same thing at norco rv. Just mentioned it to the wife. Haven’t seen the lot look like that in a while.

 

[Tank]

I think it'll be a slow burn not such an abrupt drop like 09. Having it level out or drop a bit is nothing but good news for everyone.

 

[Flying_Lavey]

The rv dealer in vegas off the 95. Has been full to the brim for months now and don’t see any of them moving.
I’m going to post my boat up on Sunday

Same thing at norco rv. Just mentioned it to the wife. Haven’t seen the lot look like that in a while.

RV dealers were slowing down before gas prices went nuts. Add in the extra fuel cost to using a RV and they are now FAR more expensive than most realized.

 

[BHC Vic]

RV dealers were slowing down before gas prices went nuts. Add in the extra fuel cost to using a RV and they are now FAR more expensive than most realized.

I don’t really plan on using the boat or trailer much this year. Not getting rid of anything though.

 

[2FORCEFULL]

Housing, Cars new and used sales are all slowing down. Instead of 7-10 buyers bidding on houses most professional real estate sites say they have dropped and are averaging 1-2 and rarely 3 offers and less folks trying to outbid others, existing home sales dropped to lowest level since 2020 and slowing even further, used vehicles have dropped on both sales volume and prices, new vehicles to follow soon. If you have a buyer for your house at a great price----SELL SELL SELL before the rates drive the market down down down...then BUY BUY BUY lol lol....
And to those in the housing market that say it will keep going up but facts are facts and facts don't lie.

x..... thats why I just relisted my havasu house's ... figure this is gonna happen in the fall....fall, prices will fall.... should staystable till oct...

 

[ONE-A-DAY]

Are you saying my 2002 Duramax with 250,000 miles isn't going to sell for $45,000?

$44k, your fucked

 

[ONE-A-DAY]

I gave this home to RDP to sell. Finally sold but it dropped the price $150k
Not sure what the final sale price is

1881 E Tradition Ln, Lake Havasu City, AZ 86404 | Zillow

1881 E Tradition Ln, Lake Havasu City AZ, is a Single Family home that contains 3922 sq ft and was built in 2010.It contains 3 bedrooms and 4 bathrooms.This home last sold for $1,350,000 in May 2022. The Zestimate for this Single Family is $1,531,500, which has increased by $32,226 in the last...

www.zillow.com

Working on buying Mrs EZ a new Acura for our 40th coming up. Hers is only 2 years old but we can get more than we paid for it
The owner's kids are running the business now. I just laughed when they sent me the numbers. They never told me how they came up with the prices by the red X's. So we're down to msrp lol
I said i'm going to talk to the owner. He's my good friend btw.
View attachment 1108649

You are at the guys house 2-3 times a week, thats BS, frikn kids these days.

 

[2Driver]

I just called my real estate agent and she said now is the time to buy.

 

[JayBreww]

I just called my real estate agent and she said now is the time to buy.

Wouldn’t they all say that?

 

[2Driver]

Wouldn’t they all say that?

That was kind of the joke.

I just had a loan pay off and no way I’m putting the money back out their until things find their footing, which may take a bit.

 

[petie6464]

Sky is coming down. . Listed last weekend, sfbo. 1st offer same day $45,000 over stupid listed price.

One things for sure for every sucker there are two more waiting in line. .

 

[hallett21]

We might see a slow down but I kind of doubt it.

They’ll just move the goal posts. I bet we see 40 year mortgages become the new standard in 3-5 years.

Car loans will be 9-10 year term.

If spending slows financial institutions will find a way to kickstart it.

Since when have “they” ever played by the rules.

Hope I’m wrong. Can’t wait to buy the mammoth house and new Hallett.

Gotta go, getting into town and boat needs fuel

 

[Paradox]

I’ve been though what I’d consider to be the 3 significant down turns since the one occurring in 80-83. We actually gave up a house (deed transfer in lieu of credit damage - it was an owner carry) in early 93.

The upcoming one (I’m pretty convinced it will be upon us shortly) will have winners and losers as well.

if I had to guess, I’d say slow burn (as previously noted) cumulating in perhaps a 30 percent (+/-) real estate devaluation over the course of maybe three years.

 

[Todd Mohr]

I gave this home to RDP to sell. Finally sold but it dropped the price $150k
Not sure what the final sale price is

1881 E Tradition Ln, Lake Havasu City, AZ 86404 | Zillow

1881 E Tradition Ln, Lake Havasu City AZ, is a Single Family home that contains 3922 sq ft and was built in 2010.It contains 3 bedrooms and 4 bathrooms.This home last sold for $1,350,000 in May 2022. The Zestimate for this Single Family is $1,531,500, which has increased by $32,226 in the last...

www.zillow.com

Working on buying Mrs EZ a new Acura for our 40th coming up. Hers is only 2 years old but we can get more than we paid for it
The owner's kids are running the business now. I just laughed when they sent me the numbers. They never told me how they came up with the prices by the red X's. So we're down to msrp lol
I said i'm going to talk to the owner. He's my good friend btw.
View attachment 1108649

Are you registering in Ca? He's giving you 700 off MSRP, I'm the only dealer in AZ selling at MSRP. I'm sure it's the same way in SoCal. If its an AZ reg, you get a tax credit on the 37000 trade that drops your tax to 1291. I have 1 A-Spec Advance on the ground and will match the price, puts you at 18705 OTD. Let me know if I can help. Todd

 

[Todd Mohr]

AZ, he does the one way permit and i pay tax in az.
The tax and dmv wouldn't be for me on that quote
I thought the trade in value was low according to nada and kbb.

Send me the vin and miles, I'll see if it's worth more.

 

[badgas]

OC and Long Beach Lakewood etc are still selling in a min for a LOT of $$ have not seen these signs of slowing yoiu speak of.

 

[CLdrinker]

Same thing at norco rv. Just mentioned it to the wife. Haven’t seen the lot look like that in a while.

I’m watching that lot as well. Just licking my chops for when they start sitting on units for a while.

 

[hallett21]

.

 

[badgas]

Well one thing is for certain. Equity in a house will no longer be converted to cash. It doesn’t make any sense to refi (cash out or otherwise) at a higher rate. That will slow down purchasing on construction, pools, toys, vacations, vacation homes. Ect. Will it bring down overall price? Yes but not until people loose their jobs

I'm not sure this is the case. People were still stripping equity when rates were 7% I agree that it will lead to pain but they will still do it, hell they by steak dinners and airline tickets at 18% on CC's. People don't know how to say " No thanks, I can't afford it "

 

[1tonfun]

Heard on one of the news outlets that Goldman Sachs is predicting 11 rate hikes in the next 24 months. I think that will cool things off considerably.

 

[hawgty55]

I just called my real estate agent and she said now is the time to buy.

My neighborhood agent said the same. If you dont buy now you might not ever be a home owner

 

[badgas]

My neighborhood agent said the same. If you dont buy now you might not ever be a home owner

They might be right ?

Or it might be like asking a dog if it's hungry.