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| Economy | |
| Is The Housing Market Headed For An Obama Admin Crash Repeat? | |
| 2024-06-02 | |
But, homes sales are rapidly declining with each interest rate hike also. Plus, more and more US Citizens are finding they can't even afford an apartment because they now cost more per month than a house payment. During the Trump time period, initial offers to buy, usually took 15 to 30 days, with additional buyers bidding the price up against each other. In other words, a typical Seller's Market. But, Now under O'Biden, even initial offers are taking as much as 90++ days and usually come with a sizable reduced buyer counteroffer. Or, as some jokingly call it, "A wish they could sell it at all market". A Home Sales Chart shows a drastic continuing drop, even after the Covid Pandemic ended. Side Note: According to various reports, there is a possible-related increase in house fires since 2023. | |
| Posted by:NN2N1 |
| #5 will ever learn to actually build or produce something useful Sure they will. There are directions all over YouTube and interest groups on Facebook, etc. This is the generation that’s increqsingly turning their backs on expensive but useless college degrees, while their noisy, hate-filled college peers are rendering themselves unemployable in living colour. |
| Posted by: trailing wife 2024-06-02 22:45 |
| #4 #3 ^ I have my doubts that enough of Generation (Whatever) will ever learn to actually build or produce something useful that the public needs to continue its survival? |
| Posted by: NN2N1 2024-06-02 18:35 |
| #3 That's looking at the high end. Consider the low end... Trump's ex-immigration chief Chad Wolf says Americans must get used to mass illegal migrant deportations. |
| Posted by: Skidmark 2024-06-02 12:09 |
| #2 This is a problem if you are in early days of a high interest rate mortgage or home equity loan that goes underwater. It's a problem if you are a bank that holds those instruments. It's a problem if you are a stockholder in an institution that owns those instruments. It's a problem for everyone when the housing market coughs and the rest of the economy has an asthma attack. The 2008 mess was mainly due to the synthetic packaging of bad mortgages and loans into toxic securities. Guardrails for that are in place now but that doesn't mean there isn't a new scam being worked to get around them. |
| Posted by: M. Murcek 2024-06-02 11:33 |
| #1 Refrigerator box value is through the roof. |
| Posted by: Super Hose 2024-06-02 11:24 |
