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Home prices are dropping...still nobody buying.

Posted on 3/31/25 at 2:24 pm
Posted by sidewalkside
rent free in yo head
Member since Sep 2021
4209 posts
Posted on 3/31/25 at 2:24 pm
Boat prices are dropping too...nobody buying.

Auto's getting more aggressive with incentives but don't seem to want to drop MSRP....still nobody buying.

Anybody want to bet the recession is upon us as we speak?
Posted by lsubatman1
Member since Feb 2009
1644 posts
Posted on 3/31/25 at 2:25 pm to
Reltors need to place fresh baked apple pies in the window seels when showing a house. Would help sell much more easily!
Posted by RLDSC FAN
Rancho Cucamonga, CA
Member since Nov 2008
58588 posts
Posted on 3/31/25 at 2:27 pm to
quote:

Anybody want to bet the recession is upon us as we speak?


I've been told tariffs are going to supercharge our economy.
Posted by deeprig9
Unincorporated Ozora
Member since Sep 2012
72787 posts
Posted on 3/31/25 at 2:28 pm to
quote:

I've been told tariffs are going to supercharge our economy.


In the long term, that's true, theoretically. Short term, they are not helpful. Think of it like bad tasting medicine.
Posted by Loup
Ferriday
Member since Apr 2019
15558 posts
Posted on 3/31/25 at 2:29 pm to
quote:

I've been told tariffs are going to supercharge our economy.


I've been told they'll help in the long run but if they're just in place the next 4 years it'll just make things more expensive for us.

I'm not a fan of tariffs. I'd prefer that we made it easier for our manufacturing to compete with foreign goods (tax breaks, relaxing regulations, etc) but that won't happen.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
40160 posts
Posted on 3/31/25 at 2:29 pm to
Dropping 10k house price doesn’t matter much with insurance out of control
Posted by Cosmo
glassman's guest house
Member since Oct 2003
128847 posts
Posted on 3/31/25 at 2:30 pm to
quote:

Home prices are dropping


Minimally
Posted by Cosmo
glassman's guest house
Member since Oct 2003
128847 posts
Posted on 3/31/25 at 2:30 pm to
quote:

Dropping 10k house price doesn’t matter much with insurance out of control


This is the bigger problem

A shitty 1700 sqft DSLD house now costing at least 5k a year to insure. Plus another 500-1000 in flood insurance
This post was edited on 3/31/25 at 2:33 pm
Posted by dgnx6
Member since Feb 2006
85455 posts
Posted on 3/31/25 at 2:31 pm to
quote:

Anybody want to bet the recession is upon us as we speak?



We were in one.

Posted by danilo
Member since Nov 2008
24683 posts
Posted on 3/31/25 at 2:31 pm to
Who cares about expensive insurance? Uncle Jeff Landry has more important issues to worry about
This post was edited on 3/31/25 at 2:46 pm
Posted by dgnx6
Member since Feb 2006
85455 posts
Posted on 3/31/25 at 2:32 pm to
quote:

I've been told tariffs are going to supercharge our economy.


In 2022 you were also told to ignore every relevant stat saying we were in a recession.

Posted by OweO
Plaquemine, La
Member since Sep 2009
119956 posts
Posted on 3/31/25 at 2:33 pm to
quote:

I've been told tariffs are going to supercharge our economy.


This is what my man at Edward Jones told me two weeks ago.
Posted by dgnx6
Member since Feb 2006
85455 posts
Posted on 3/31/25 at 2:33 pm to
quote:

How cares about expensive insurance? Uncle Jeff Landry has more important issues to worry about



If they put it to a vote to lower insurance. You dumb fricks would vote against it.


Posted by shutterspeed
MS Gulf Coast
Member since May 2007
70344 posts
Posted on 3/31/25 at 2:34 pm to
quote:

Home prices are dropping


Mortgage rates aren’t though.
Posted by Geaux Piggins Geaux
Member since Aug 2015
954 posts
Posted on 3/31/25 at 2:34 pm to
quote:

Reltors need to place fresh baked apple pies in the window seels when showing a house. Would help sell much more easily!


Yes and you'll float thru the air towards the window upon your first wiff of a delicious baked pie.


Posted by danilo
Member since Nov 2008
24683 posts
Posted on 3/31/25 at 2:36 pm to
quote:

If they put it to a vote to lower insurance. You dumb fricks would vote against it.

We realize how hard positive change can be to implement in a State that is conditioned for failure.
Posted by CollegeFBRules
Member since Oct 2008
25264 posts
Posted on 3/31/25 at 2:41 pm to
quote:

In the long term, that's true, theoretically.


It's a guessing game, at best. Most likely outcome is marginal job improvement in the US with sustained higher prices on everything a tariff touched.
Posted by GooDat
The Delta
Member since Dec 2013
290 posts
Posted on 3/31/25 at 2:43 pm to
I saw a realtor on facebook offering a free sack of crawfish if you bought a $530,000 house in Springfield

I wasn't interested but that $150 worth of crawfish has me reconsidering
Posted by teke184
Zachary, LA
Member since Jan 2007
103101 posts
Posted on 3/31/25 at 2:44 pm to
People who HAVE to buy are buying.

People who aren’t under pressure to buy are waiting for prices or interest to go down.
Posted by iwyLSUiwy
I'm your huckleberry
Member since Apr 2008
40524 posts
Posted on 3/31/25 at 2:47 pm to
quote:

In the long term, that's true, theoretically. Short term, they are not helpful. Think of it like bad tasting medicine.


Construction materials are already up 25-35% on many things and will most likely only go up. That cost either gets pushed on the homeowner or cuts into a small profit margin for the contractor. Not good for either side.

If prices end up going down years from now, all they'll do is drop to prices similar or slightly higher to what they were before tariffs. Yay.
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