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Started By
Message
Housing market not cooling off at all
Posted on 4/10/24 at 10:42 am
Posted on 4/10/24 at 10:42 am
Inflation came higher than expected and houses around sell for over + within a week. People are waiving financing inspection everything. My fear is that it’s foreign businessmen buying these up with cash to get money out of China. If so we should confiscate this foreign national homes
23
Posted on 4/10/24 at 10:43 am to fareplay
It’s hedge funds like black rock and big banks manipulating the housing market. The average Joe is broke.
Posted on 4/10/24 at 10:44 am to fareplay
Panels went up 20-30% last month. Crazy times.
Posted on 4/10/24 at 10:46 am to GeauxZone90
I dont understand where the money comes fro.
Posted on 4/10/24 at 10:46 am to GeauxZone90
quote:
The average Joe is broke.
Their plan is working
Posted on 4/10/24 at 10:47 am to bad93ex
quote:
Their plan is working
Their plan works if you carry a large debt load.
Stay low in debt or debtless, no problem.
Posted on 4/10/24 at 10:47 am to fareplay
Where I live this is certainly true in the desirable close in areas. Not sure about other areas.
Posted on 4/10/24 at 10:48 am to bad93ex
OP thinks it’s China, but China is going through a serious recession right now.
Posted on 4/10/24 at 10:48 am to DownshiftAndFloorIt
quote:
I dont understand where the money comes fro.
Digits on a screen. Printing press
Posted on 4/10/24 at 10:49 am to GeauxZone90
The Chinese businessmen are taking money out of Chinese markets rn because of the recession. It’s money laundering
Posted on 4/10/24 at 10:49 am to fareplay
My house has been on the market for a week and looks like a lot of houses on sale now crowding thebmarket. It's cooling where I am. Supply is going up and demand seems low. We had a boom now for 3 years and it's settled now. Different area though. I'm in TN.
Posted on 4/10/24 at 10:49 am to rob0710
Yea but how do I get that money to me so I can use it to buy houses at inflated prices?
Posted on 4/10/24 at 10:50 am to Trauma14
Yeah the inner cities like Nashville and Austin taking hits but the coast is pretty hot rn
Posted on 4/10/24 at 10:50 am to fareplay
quote:
My fear is that it’s foreign businessmen buying these up with cash to get money out of China. If so we should confiscate this foreign national homes
What are we, Venezuela?
Worst thing one can do is come up with policy out of fear.
Posted on 4/10/24 at 10:51 am to GeauxZone90
quote:
The average Joe is broke.
Strange how the restaurants stay full. Tourist destinations for vacations are staying booked. Vehicle sales are barely slowing down. Amazon shipments are still rolling like crazy.
So who exactly is broke?
Posted on 4/10/24 at 10:51 am to Dadren
Let me guess, you own a home
Posted on 4/10/24 at 10:51 am to GeauxZone90
quote:
The average Joe is broke.
Above average Joe seems to be flush right now.
Posted on 4/10/24 at 10:51 am to fareplay
Imagine being someone in Dallas with a household income of $70k.
Posted on 4/10/24 at 10:52 am to fareplay
quote:It's only bad where there are jobs and decent public eduction!
Housing market not cooling off at all
Posted on 4/10/24 at 10:52 am to AbitaFan08
Might as well die off at this rate. We Americans don’t value poor people
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