Posted on 08/14/2023 5:58:06 AM PDT by ChicagoConservative27
(NEXSTAR) – If we’ve learned anything about the real estate market these past few years, it’s that things change fast.
During the peak of the pandemic, low interest rates and the desire for more space led to a home buying and selling frenzy. At the end of 2021, home prices were 18.5% higher than they had been just a year before, according to CoreLogic.
Now, in places where the real estate market was recently red hot, fewer homes are being listed than just two years ago. Those same homes now have bigger price tags and are sitting on the market longer.
(Excerpt) Read more at thehill.com ...
“Come to the coast, we’ll get together, have a few laughs.”
That is true however the area from Cape Coral to Naples is becoming densely populated. Still not “cityfied” but becoming more urban like every year.
Whether deliberate or by complete accident CSN in a roundabout way did nothing more than quote the book of Proverbs (22:6)......but I seriously doubt their suggestion aligns with the guidance Bible means in any way.
I never felt financially trapped by my home because I never bit off more than I could chew (at least as far as buying a home goes). And I never felt "underwater" even with the mortgage crisis because the value of the home is a small portion of my wealth anyway. I paid more attention to my mutual fund balances being low (but didn't touch them because I knew they'd recover) than I did over the fact that for a while my home value was less than the mortgage balance. The home still had its main value of providing comfortable shelter for the family.
Honestly I believe we are past the point of no return.
Which is why I urge people to start a relationship Jesus.
Absolutely without a doubt THE best decision I ever made in my life......hands down.
The DESIRE for more space was really a DESIRE to leave the cities that were rioting & burning everything they could see.
That has evolved into STEALING in groups like what happened at the Topanga Mall.
Interesting Georgia list, sure, but driven by population growth and wealth trends as well. The high cost of MONEY is dropping listings per my real estate broker friends.
Sandy Springs/ Roswell is now like what Buckhead USED to be, but WITHOUT the Atlanta crime. If ya got the money, and you like the almost city but it’s still a suburb lifestyle, it’s a really nice area. It’s also hard to tell where the borders between Sandy Springs, Roswell and Alpharetta begin and end. It’s the growth corridor up GA 400 / GA 9. No surprise there.
Athens-Clarke County is aka ‘greater University of Georgia’ metro. Lots of ‘affordable’ student housing gentrifying old areas and expanding to take over old cotton farms. Once again, housing starts there have plummeted there due to the cost of money, per the local press. A fact not mentioned so much in the press is that on-campus enrollment in the University System of Georgia has S L O W E D significantly or even dropped at some schools.
Gainesville GA is the Capitol city of my county - Hall County. Hall is a geographically large county. We live waaaay out west nearer to Dahlonega than Gainesville. Gainesville has revamped city-center with lots of shops and venues and has become a cool place, very trendy. The CITY of Gainesville trends blue, but outside Gainesville city limits, it’s solid red. Gainesville itself cannot grow west because Lake Lanier is in the way. We live on the west shore, northwest of the city - truly out in the country - woods, horse farms, pastures. You have to WANT to get to our house; you won’t likely accidentally find it. But I digress. Gainesville HAS had a lot of housing added to the east, pretty much all apartments, which is part of the county’s growth plan because Hall had so little rental property. Home sales/purchases did go to insane levels for a couple three years during the era of cheap money. But now, once again my realtor friends blame the slow down on the high cost of money.
I read this about Georgia and went “meh.”
Your home is a place to live, and should be treated as such. I would advise anyone to assume that for financial planning purposes, they would do well to assume that their home will be worth $0 above the remaining balance on their mortgage when it comes time to sell it. If you have no mortgage, consider it a worthless asset for planning purposes.
People keep saying stuff like this after hurricanes, housing crashes, red tide, insurance issues etc.
I actually wish it were true but the MFers just relentlessly KEEP COMING.
It'll stop when the retiring baby boom generation winds down in a decade or so. Kids today have no interest in buying a home - way too much work and responsibility. And besides, tough to live in the basement in Florida.
I live in leesburg in a development on 27. About 10 miles from the villages. The homes are block so somewhat protected from hurricanes. We’re smack dab in the middle of the state. Supposedly the safest place for hurricanes. Time will tell especially with the water being bath water and at historic high temperatures.
Part of it is lazy “journalists” and editors. The editor tells the “reporter” to “Go write a human interest story — how about homeowners trapped by high interest rate mortgages. Make it a real sob story.”
“Yes, boss, I’ll get right on it”
There are so many web pages to constantly fill these days that I swear so many junk articles come out just to fill the new digital “column inches.”
“Kids today have no interest in buying a home - way too much work and responsibility”
My experience has been that renting is fine—until you get hit with unexpected significant rent increases or the landlord decides they want to turn your apartment into a condo and/or sell the property and kick you out on the curb.
Then most folks try to figure out a way to have more control of their destiny.
“What homeowner has NOT felt “trapped” by a mortgage at some point in time?”
On the one hand they’re trapped. On the other they got a real good deal because they’re borrowing money at way below current rates.
Tv news is the same way. Local stations here will report on the most inane stories you could imagine.
A storm rolls through and a tree goes down in someone’s yard and 3 tv crews rush out to cover it.
One of the worst things to ever happen to the news industry is the 24 hour news cycle....it literally changed this country forever.....and not in a good way.
Exactly.
A new life awaits you in the off-world colonies:
https://getyarn.io/yarn-clip/107f6dd9-669a-4abf-927e-8419c72a668c
You are absolutely right about that! I'm old enough to remember when we had three networks, fuzzy tv pictures, rabbit ears antennas, and it was a really big deal when UHF was "invented" and added to TVs. The UHF never panned out and there were never any good UHF stations.
I remember, too, when TV stations "signed off" at 11 PM with the national anthem and then a test pattern was on the TV until programming resumed the next morning at 6 am.
As bad as it was with three networks dominating all of TV propaganda, it at least meant you could tune it all out. The non-stop news cycle made everybody neurotic. Then the addition of social media compounded it because nobody's life can look as glamorous as the "influencers" lives on the different media channels.
The nonstop barrage of "Climate Emergency" crap is also proven to have created a nation of climate neurotics. The same way the "COVID Emergency" created a nation of COVID neurotics. None of it is good.
The worst thing for me, personally, is watching the demise of the USA and rise of totalitarianism playing out before our very eyes and having it reported on every single day, but there seems to be nothing we can do to stop the tide. We are at the end of six or seven decades of the leftist "Long March Through the Institutions" and they won. They successfully dumbed down education to the point where few citizens know what is happening.
“I remember, too, when TV stations “signed off” at 11 PM with the national anthem and then a test pattern”
What you don’t remember was the subliminal messaging that went with the national anthem. The Deep State played really dirty—even back then:
https://www.youtube.com/watch?v=14rvQy3_KG0
“They successfully dumbed down education to the point where few citizens know what is happening”
Yep and at the same time removing God from the educational system and filing that vacuum with homo trans perversion.
The further this country gets away from Him the more rotten it will become.
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