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re: Will the anticipated 3 rate cuts jump-start residential home sales this year?
Posted on 3/22/24 at 1:02 pm to notiger1997
Posted on 3/22/24 at 1:02 pm to notiger1997
quote:You don't think all of these have massively decreased in the past 3 years?
We need a slow drop in consumer spending, auto sales, home sales, etc.
The coastal states need a cut, insurance is killing folks and pricing our regular homeowners and allowing this mega corporations to buy thousands of homes at a time using cash.
This isn't sustainable. How little spending do you want?
I'm not saying go to 2% but 4.5-5% makes it so much more bearable.
Also banks are building in points, believing that folks are going to refinance asap.
I don't want hyper inflation but I don't want to become a nation of renters owned by Blackrock.
2
Posted on 3/22/24 at 1:10 pm to Solo Cam
quote:
You don't think all of these have massively decreased in the past 3 years?
How do you define massively decreased. I know many people love their fear porn on how bad things are, but it's really the opposite. The last three years things have been too good. We are only finally seeing some leveling off with inflation in the past 6 months.
quote:
The coastal states need a cut, insurance is killing folks
This is true. Rate cuts shouldn't be the solution to these problems though.
Posted on 3/22/24 at 1:56 pm to Solo Cam
quote:
The coastal states need a cut, insurance is killing folks and pricing our regular homeowners and allowing this mega corporations to buy thousands of homes at a time using cash.
quote:
I don't want hyper inflation but I don't want to become a nation of renters owned by Blackrock.
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