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re: Pending home sales fall to the lowest level in 26 years
Posted on 10/22/26 at 3:54 pm to Texas Tea 123
Posted on 10/22/26 at 3:54 pm to Texas Tea 123
quote:
Thing about inflation is that it really doesn't go back in the bottle. Prices rise, maybe they stay flattish after, but they rarely go down in aggregate.
That has been the 2021/2022 real estate bubble. They have stayed flat.
Unfortunately, the thing that corrects a real estate bubble is worse than the bubble itself.
Posted on 10/22/26 at 3:55 pm to meansonny
No doubt. Only thing that truly fixes asset price inflation is a stock market and/or real estate crash. And that means everyone loses pretty much. Dangerous game!
Posted on 10/22/26 at 3:56 pm to danilo
quote:
but inspections aren’t looking good
This is a growing footnote that’s slowing down home sales. Things are expensive, marketing is strange right now, and many people are getting shite work done to their homes because they’re either trying to save money or don’t know any better. I see a LOT of homes that are in nice neighborhoods but neglected
Posted on 10/22/26 at 4:00 pm to iwyLSUiwy
quote:besides SFP and RodgerTheDrunk of course*
There are few people on the planet that are more clueless
Posted on 10/22/26 at 4:02 pm to SuperSaint
quote:
RodgerTheDrunk
Poor guy
Posted on 10/22/26 at 4:19 pm to stout
Correct, most inspectors have no clue what they are doing and I have witnessed several performed by individuals who have no idea what they should be looking for. An electrical or HVAC inspection performed by an actual contractor are worth the money if you have concerns.
Posted on 10/22/26 at 4:23 pm to slidingstop
Oh we have been printing money endlessly for decades which is why we have sustained inflation but the current sharp uptick is energy driven and raising interest rates will only make things more unaffordable
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