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Started By
Message
re: .
Posted on 1/21/23 at 7:46 am to 1MileTiger
Posted on 1/21/23 at 7:46 am to 1MileTiger
Massively high interest rates
Compared to historical 30 year mortgages since they became available in 1971 rates are very low. We just have a generation addicted to cheap money.
Real estate is hyperlocal. Don’t look at data from national services like Zillow and Trulia. Know your local market. My zip had a house come on the market on Friday and had 10 offers by Sunday. Listed @ 1.15 went for 1.3.
Can’t argue with this
I think the US will keep voting with their feet. The migration the last three years has been nothing short of historic. I see that trend continuing over the next two decades and vastly changing the demographic landscape of America. Red states will become more red, blue states will become more blue, but populations in blue states will continue to decline. The south will become the economic engine for the US.
Compared to historical 30 year mortgages since they became available in 1971 rates are very low. We just have a generation addicted to cheap money.
quote:
Insanely inflated home prices
Real estate is hyperlocal. Don’t look at data from national services like Zillow and Trulia. Know your local market. My zip had a house come on the market on Friday and had 10 offers by Sunday. Listed @ 1.15 went for 1.3.
quote:
Salaries that aren't keeping up with Bidenflation. 401ks in the trash?
Can’t argue with this
quote:
What does anyone really expect? It's going to be a bloodbath in 2023 and beyond.
I think the US will keep voting with their feet. The migration the last three years has been nothing short of historic. I see that trend continuing over the next two decades and vastly changing the demographic landscape of America. Red states will become more red, blue states will become more blue, but populations in blue states will continue to decline. The south will become the economic engine for the US.
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