[plain talk]

"The West Is A Mess! US Home Prices Decline From 2022 Peak Most In The Western US (SF Down -13%, Seattle Down -11.3%, Phoenix Down -10.5%)"

It is good for home prices to come down off its previous trajectory.

[protoconservative]

I did not know I bought my last home in 2015 until Aug 2022. Since 2020 at 3% and 17 years left the expense of any changes is not worth it. If I want to be someplace else, Ill rent for the month or live on a boat or rent an RV for a week. Moving 300k+ of cash between assets on a frail market depending on school districts and local governments not being scumbags, seems like a really big trap.

I got a place to “pile my stuff” as George Calin said.

[packagingguy]

Holy smokes! Those numbers can’t possibly be correct. About $125k-$150k for a condo or town home?

I live in one of the poorest cities in the United States and a one bedroom, one bath condo starts at $250k. And that’s in a neighborhood with bad schools.

Builders won’t even bother with constructing a house for less than $1 million.

These numbers are from Florida?! Where everyone is moving? And I live where nobody wants to move! This can’t be correct.