Posted on 09/20/2022 3:16:49 AM PDT by EBH
Gee, I wonder what could have caused it? /sarc
And Joe Biden approval ratings are way up according to the propaganda media. /spit
Jo Jo Brandon and his Cult followers say this is a great economy.
FAntastic news. Again wew will have a wiondow when building materials and supplies will decease in cost and a man who is handy can build his own home.
Its the American way.
Hmm.
Thursday, one block over, a home went on the market. They advertised an open house for the upcoming Sunday.
Saturday, the open house sign was gone and the listing revealed the house was under contract.
I guess it all depends on where you live.
Not really a bad thing unless real estate us how you make a living. Prices really were / are way to high.
I’m a Realtor. New construction is hard because it can take a year or more and you can’t lock in a loan for that long. Lost a deal yesterday because the builder wouldn’t be done until early Jan instead of his original est of late Nov. Resales are still booming though.
Baghdad Bob would be so proud. With the tanks advancing in his background, he still denied the advance of the thrust into downtown Baghdad.
Or the CNN reporter that stood in front of the raging fires in Portland and claimed the protests were mostly peaceful.
This is not merely a misrepresentation of facts, it is complete denial, lurching from crisis to crisis. THIS CANNOT END WELL.
More pressure on the Fed to ease interest rates, which will only prolong inflation. Wall Street and the real estate industry want to return to the days of artificially low interest rates. Let’s see if Powell does the right thing.
House Prices around here are still double what they were in 1999.
Double. They are 10% lower than 6 months ago, but still double 1999.
Neighbors house sat on market for $690-650K for a year from 1998-1999. in 2020 he re-lists it for $999,999. Sells in a day for $1.2M. Zillow says $1.4 today.
Yet, nobody else is selling.
If our Dollar is worth half to the rest of the world, THEIR MONEY is worth 15-50% LESS THAN THAT.
Japanese yen is over 140Y to a Dollar. Last Time I was in Tokyo it was 105. The Pound it $1.15. Last time I was in London (Right after Brexit) it was $1.25 and that was a new low at the time.
Our Dollars aren’t worth 1/2 outside the country. Those countries Must REALLY hate the globalists.
It definitely depends on your location. Generally speaking, I am seeing houses sell in my area but now they are consitently not selling for the asking price when that was not the case last year. Last year it was almost like “Name your price”.... totally nuts!
Powell can go ahead and do the right thing and it still won’t matter much until we stop printing and spending money.
They were rapidly building new neighborhoods in South San Antonio a few months back now the activity has slowed to a crawl.
They were rapidly building new neighborhoods in South San Antonio a few months back now the activity has slowed to a crawl.
Still going strong here in northeast Florida. They were pouring foundations with lights at 6 am this morning. The amount of construction related vehicles on the road is unreal.
“tamping down decades-high inflation.”
Ummm 2 years is decades?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.