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re: Are we headed for a Recession? - Dave Ramsey

Posted on 8/28/19 at 10:23 am to
Posted by birchbayduck
Birch Bay, Washington
Member since Jul 2019
473 posts
Posted on 8/28/19 at 10:23 am to
Here in Washington State, the housing market is being flooded with home listings especially in the Seattle metro area and prices are a dropping..so yeah..if one of the fastest growing cities in America is already slowing down..I'd say yup..we all are gonna be taking that nosedive into the recession pool.
Posted by fjlee90
Baton Rouge
Member since Nov 2016
7858 posts
Posted on 8/28/19 at 10:25 am to
quote:

Here in Washington State, the housing market is being flooded with home listings especially in the Seattle metro area and prices are a dropping..so yeah..if one of the fastest growing cities in America is already slowing down..I'd say yup..we all are gonna be taking that nosedive into the recession pool.


Could you be more anecdotal?

Housing prices in your area are due for a correction. Highly overpriced. Highly overtaxed.

Can't help that the demand isn't there.
Posted by Cornholio
LaPlace
Member since Nov 2007
8212 posts
Posted on 8/28/19 at 10:25 am to
quote:

Here in Washington State, the housing market is being flooded with home listings especially in the Seattle metro area and prices are a dropping..so yeah..if one of the fastest growing cities in America is already slowing down..I'd say yup..we all are gonna be taking that nosedive into the recession pool.



People leaving the area because they are tired of radical left wing socialist lunatics destroying the area?
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
26042 posts
Posted on 8/28/19 at 10:26 am to
quote:

Here in Washington State, the housing market is being flooded with home listings especially in the Seattle metro area and prices are a dropping..so yeah..if one of the fastest growing cities in America is already slowing down..I'd say yup..we all are gonna be taking that nosedive into the recession pool.


Or you could also say that policies implemented in Washington State and Seattle over the last 24 months are forcing companies to leave in droves for other areas of the country. I see that giant sucking sound of Technology companies relocating to Tenn, Georgia, Idaho, Utah, and most importantly to Texas from Washington State or locally out of Seattle into the suburbs or to Spokane due to the progressive policies being implemented.

Exclusive: Amazon moving thousands of employees out of Seattle, relocating key division to nearby city
This post was edited on 8/28/19 at 10:28 am
Posted by AustinTigr
Austin, TX
Member since Dec 2004
2937 posts
Posted on 8/28/19 at 10:27 am to
quote:

Here in Washington State, the housing market is being flooded with home listings especially in the Seattle metro area and prices are a dropping..so yeah..if one of the fastest growing cities in America is already slowing down..I'd say yup..we all are gonna be taking that nosedive into the recession pool.


THAT BECAUSE ALL THAT LIBERAL TRASH IS MOVING TO TEXAS, N CAROLINA, AND TENNESSEE. You're a cancer to the nation! Destroy your own community, move to a healthy community, and vote to make it like the place you fled.

Liberals fleeing the sh*tholes they create is NOT a sign of a recession. Dumbassery, but not a recession.
This post was edited on 8/28/19 at 10:30 am
Posted by TroyTider
Florida Panhandle
Member since Oct 2009
3775 posts
Posted on 8/28/19 at 10:28 am to
quote:

the housing market is being flooded with home listings especially in the Seattle metro area and prices are a dropping.


Are the shite-stained streets contributing to the exodus in any way?

Asking for a friend.
Posted by BurlesonCountyAg
Member since Jan 2014
3005 posts
Posted on 8/28/19 at 10:30 am to
He can't keep getting away with this!
Posted by GnashRebel
Member since May 2015
8194 posts
Posted on 8/28/19 at 10:30 am to
Maybe it is all the bad press combined with a glut of housing in Seattle?
Posted by cokebottleag
I’m a Santos Republican
Member since Aug 2011
24028 posts
Posted on 8/28/19 at 10:31 am to
quote:

Here in Washington State, the housing market is being flooded with home listings especially in the Seattle metro area and prices are a dropping..so yeah..if one of the fastest growing cities in America is already slowing down..I'd say yup..we all are gonna be taking that nosedive into the recession pool.



Fastest bubbling cities.

Home prices in specific areas have been massively overinflated because of foreign investment. Chinese capital flight is real, and for a lot of practical purposes, turned areas like Seattle, San Francisco, and Vancouver into pseudo-colonies of China. Your growth has been driven by cash buyers willing to pay exorbitant prices for below average residential real estate, and as a consequence, your prices are at the mercy of Chinese capital controls.

The Chinese relaxed capital controls about 10 years ago, and are now tightening them in an attempt to get the money to flow back. What you're seeing is the result. It has very little if anything to do with the US economy at the moment, and everything to do with the time bomb of the Chinese one.
Posted by BeefDawg
Atlanta
Member since Sep 2012
4747 posts
Posted on 8/28/19 at 10:34 am to
quote:

Here in Washington State, the housing market is being flooded with home listings especially in the Seattle metro area and prices are a dropping..so yeah..if one of the fastest growing cities in America is already slowing down..I'd say yup..we all are gonna be taking that nosedive into the recession pool.
I detect a strong lacking of logical deduction capabilities in you.
Posted by Zach
Gizmonic Institute
Member since May 2005
112635 posts
Posted on 8/28/19 at 10:41 am to
quote:

..I'd say yup..we all are gonna be taking that nosedive into the recession pool.


Damn right. We need to elect Eliz Warren President. She'll get all those corporations under govt control and that will cause the biggest economic boom ever!
Posted by fillmoregandt
OTM
Member since Nov 2009
14368 posts
Posted on 8/28/19 at 10:43 am to
quote:

Here in Washington State, the housing market is being flooded with home listings especially in the Seattle metro area and prices are a dropping..so yeah..if one of the fastest growing cities in America is already slowing down..I'd say yup..we all are gonna be taking that nosedive into the recession pool.



Low mortgage rates have people moving. Large supply means lower prices.

Still doesn’t equal recession
Posted by Parmen
Member since Apr 2016
18317 posts
Posted on 8/28/19 at 10:49 am to
quote:

Here in Washington State, the housing market is being flooded with home listings especially in the Seattle metro area and prices are a dropping..so yeah..if one of the fastest growing cities in America is already slowing down..I'd say yup..we all are gonna be taking that nosedive into the recession pool.


You're a fellow Trekkie and that's awesome, but this is a crock of fake news.
Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 8/28/19 at 10:54 am to
quote:

housing market is being flooded with home listings


!=

quote:

fastest growing cities in America
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51838 posts
Posted on 8/28/19 at 10:55 am to
quote:

the housing market is being flooded with home listings especially in the Seattle metro area and prices are a dropping


That's due far more to the blisteringly ignorant policies toward drug addicts than a national recession. When you allow the drug-addled homeless to harass your businesses and their customers out of an area, why would you expect anything less than a flood of properties going up for sale?

It takes two consecutive quarters of negative GDP activity to qualify as a Recession. Real GDP has not been negative since Q3 2009 and Nominal GDP has not been negative since Q1 2014. Nominal GDP has been trending up since Q4 2015 while Real GDP has been trending up since Q1 2014.

We are far from a Recession.
Posted by Redbone
my castle
Member since Sep 2012
18889 posts
Posted on 8/28/19 at 11:44 am to
quote:

Here in Washington State, the housing market is being flooded with home listings especially in the Seattle metro area and prices are a dropping..so yeah.
So goes Washington State, so goes the world???
Posted by Mid Iowa Tiger
Undisclosed Secure Location
Member since Feb 2008
18756 posts
Posted on 8/28/19 at 12:21 pm to
Well here in DFW (and Houston) we are not seeing any slow down and the current inventory is under 2 weeks - the status quo for the market is closer to 6 weeks.

Maybe the Seattle housing market is more reflective of the shite hole liberals have turned that once great city into.
Posted by 0
Member since Aug 2011
16654 posts
Posted on 8/28/19 at 12:26 pm to
quote:

the housing market is being flooded with home listings especially in the Seattle metro area and prices are a dropping


You mean people have buyers remorse over paying 500k for a 1200 sq ft home? Surely you jest.
Posted by GeeOH
Louisiana
Member since Dec 2013
13376 posts
Posted on 8/28/19 at 12:27 pm to
quote:

so yeah..if one of the fastest growing cities in America is already slowing down..I'd say yup..we all are gonna be taking that nosedive into the recession pool.


Do you expect they would always be one of the fastest growing? Forever?
quote:

prices are a dropping


Not really, they are just moving towards the actual values....not some ignorant over inflated prices that realtors use in a booming market.
Posted by CDawson
Louisiana
Member since Dec 2017
16456 posts
Posted on 8/28/19 at 12:30 pm to
quote:

Here in Washington State,


quote:

nosedive into the recession pool.


You have much bigger problems in Seattle Metro than worrying about a housing crunch.
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