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Started By
Message
re: I think home prices are going to go down. I do not have a link.
Posted on 3/31/25 at 4:28 pm to Harry Rex Vonner
Posted on 3/31/25 at 4:28 pm to Harry Rex Vonner
quote:
thoughts
Depends on location and quality of the homes. Here in Santa Fe I don't see nice well kept homes declining....yet. We got 7 offers for ours within hours of listing and 3 of them were over asking and all were using cash for 70 - 80% of the purchase amount.
1
Posted on 3/31/25 at 5:41 pm to Big Scrub TX
quote:
Big Scrub TX
"Buy low" is an LOL?
Okay!
Posted on 3/31/25 at 5:43 pm to Joshjrn
quote:
How long have you been wishcasting on this, exactly?
so you thought the 44K Dow was going to keep going up?
Posted on 3/31/25 at 5:45 pm to barry
quote:
Also its not a price war
It's always been a price war
quote:
Also long term they tend to be bad for the consumer because it leads to consolidation of companies.
Move to Bentonville, Arkansas and say that
Posted on 3/31/25 at 5:46 pm to Harry Rex Vonner
quote:
so you thought the 44K Dow was going to keep going up?
I don’t much care either way.
Back to my question: how long have you been leaving cash on the sidelines hoping for a “correction”? Weeks? Months? Years?
Posted on 3/31/25 at 5:47 pm to tirebiter
quote:
Here in Santa Fe I don't see nice well kept homes declining....yet.
Because Santa Fe is one of the hottest markets in the nation!
Posted on 3/31/25 at 5:51 pm to Joshjrn
quote:
Back to my question: how long have you been leaving cash on the sidelines hoping for a “correction”? Weeks? Months? Years?
Maybe two years. Maybe an entire third. And I'm happy I did. Part of that cash is from owning a rental home and then selling it. I'll take that all day over "health care stock something something" bullshite.
Posted on 3/31/25 at 6:38 pm to Harry Rex Vonner
Spoke to a neighbor recently who is looking to build and his first 2 quotes were near $400/sq ft so good luck with the prices falling. If new builds are insanely priced and inventory is low prices will not drop much. This is in Covington for reference, not some super wealthy area.
Posted on 3/31/25 at 6:49 pm to questionable
2026 the market will be trashed and will make 2006 look like child's play.
Watch FL. They are always the leading indicator. Right now, they have 300 more houses in inventory then they should.
In 2006 the issue was bad loans. Period
2026 there will be a whole host of issues.
I'm stock piling cash for that opportunity.
Watch FL. They are always the leading indicator. Right now, they have 300 more houses in inventory then they should.
In 2006 the issue was bad loans. Period
2026 there will be a whole host of issues.
I'm stock piling cash for that opportunity.
Posted on 3/31/25 at 6:57 pm to questionable
quote:
Spoke to a neighbor recently who is looking to build and his first 2 quotes were near $400/sq ft so good luck with the prices falling. If new builds are insanely priced and inventory is low prices will not drop much. This is in Covington for reference, not some super wealthy area.
then if your neighbor takes that deal, your neighbor is an idiot
Posted on 3/31/25 at 7:00 pm to oneg8rh8r
quote:
2026 the market will be trashed and will make 2006 look like child's play.
Watch FL. They are always the leading indicator. Right now, they have 300 more houses in inventory then they should.
In 2006 the issue was bad loans. Period
2026 there will be a whole host of issues.
I'm stock piling cash for that opportunity.
Posted on 3/31/25 at 7:10 pm to oneg8rh8r
quote:
2026 the market will be trashed and will make 2006 look like child's play.
Can you explain how this will happen
quote:
2026 there will be a whole host of issues.
Such as?
Posted on 3/31/25 at 7:27 pm to Harry Rex Vonner
quote:
gotta love the cowardly downvotes mixed with zero comments
To be fair there isn't really much to respond to. You're just speculating that housing prices are going to go down with no real reasoning behind it.
There is nothing to really argue or agree with since you provided no reasoning in your initial post
Posted on 3/31/25 at 7:27 pm to Harry Rex Vonner
quote:
Maybe two years. Maybe an entire third. And I'm happy I did. Part of that cash is from owning a rental home and then selling it. I'll take that all day over "health care stock something something" bullshite.
So the S&P is up, what, 50% or so during that period? You must be wishing for quite the correction.
Posted on 3/31/25 at 7:31 pm to Harry Rex Vonner
quote:
Maybe two years. Maybe an entire third. And I'm happy I did.
You're happy that you sat on cash that could have been growing? I'm reading through this entire thread to find one post of yours that isn't completely irrational and I'm batting 0 right now.
Posted on 3/31/25 at 7:50 pm to SlidellCajun
quote:
There is no “wealth effect”
You just described the wealth effects and then said it doesn’t exist in two sentences
Prices don’t typically fall when there’s no transactions happening. That’s been the last 3 years basically since the end of the refi boom in ‘21
Posted on 3/31/25 at 7:52 pm to Powerman
quote:
You're happy that you sat on cash that could have been growing? I'm reading through this entire thread to find one post of yours that isn't completely irrational and I'm batting 0 right now.
Yes, because I lived through the tech bubble from 1996-99 and then watched it explode.
Now I'm nearing retirement and I'm not taking chances.
Do you understand dollar cost average over thirty years? I don't think you do.
Do you understand buying low over thirty years? I don't think you do. But by all means keep listening to yourself yap.
Posted on 3/31/25 at 7:53 pm to Joshjrn
...same response I gave the other dipshit...
Posted on 3/31/25 at 7:54 pm to Powerman
quote:
You're happy that you sat on cash that could have been growing?
Do you not understand cash influx from rental property income and sale?
How many stupid questions are coming next?
Posted on 3/31/25 at 7:55 pm to Harry Rex Vonner
quote:
Now I'm nearing retirement and I'm not taking chances.
Understandable
But you left a lot on the table by sitting on the sidelines the last 2-3 years
You can tell yourself it's wise all you want but the math says otherwise.
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