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Message
re: Home prices are dropping...still nobody buying.
Posted on 4/1/25 at 11:25 am to RogerTheShrubber
Posted on 4/1/25 at 11:25 am to RogerTheShrubber
quote:
Exactly. The MAGA contingent fails to realize that it will take mass immigration for us to have an industrial spike. Their policies work against each other.
No one wants to do those jobs but Amazon doesn’t have an employment problem
1
Posted on 4/1/25 at 11:25 am to RaoulDuke504
Back when I was in highschool, my parents raised 2 kids, owned 3 cars, and had a 2.5k sq ft house with 100k total income. This was like 2004
Kinda crazy
Kinda crazy
Posted on 4/1/25 at 11:26 am to fareplay
quote:
I think home prices can go up and still be in a recession. Lack of supply, higher cost, most Americans largest expense being a home, less capital for other items, etc. also recession leads to lack of mobility so more people staying put in their homes too.
Home prices will never sink again like they did in 2008 before investment firm are more heavily invested in reality. There will always be buyers despite economic downturns
Posted on 4/1/25 at 11:28 am to RaoulDuke504
Well the alternative is no housing so yeah.
That’s why mortgages are the cheapest of all consumer loans. You may default on a car or a personal loan, but you need a roof.
That’s why mortgages are the cheapest of all consumer loans. You may default on a car or a personal loan, but you need a roof.
Posted on 4/1/25 at 11:30 am to sidewalkside
It's the damn Gen Z kids not buying houses. They shoulda been outbidding Blackrock back in 2020, dropping $20k over list in cash. But they'd all rather be poor, paying $1000/mo for a luxury apartment and $5 coffee instead of buying a $50k starter home like I did. Interest rates? Hah! I had 13% on the $20k I financed for that house! And they're out here moaning about 7% interest. Get a job loser. A real job. Not some computer tech bullspit. Put that liberal arts degree to use.
In all seriousness, it should be illegal for any firm/corporation/trust/LLC to purchase a single family home. You have to be a real individual or individuals purchasing the home for the purposes of occupying it or renting it out. If you are renting it out, you as an individual with your personal assets are tied to that building.
In all seriousness, it should be illegal for any firm/corporation/trust/LLC to purchase a single family home. You have to be a real individual or individuals purchasing the home for the purposes of occupying it or renting it out. If you are renting it out, you as an individual with your personal assets are tied to that building.
Posted on 4/1/25 at 11:31 am to fareplay
quote:
Well the alternative is no housing so yeah. That’s why mortgages are the cheapest of all consumer loans. You may default on a car or a personal loan, but you need a roof.
“You’ll own nothing isn’t a joke”
Posted on 4/1/25 at 11:31 am to RaoulDuke504
quote:
The average home price in 2000 to 2025 increased by 205%
The average income from 2000 to 2025 increased 76%
So yea higher home prices and stagnant wages makes buying homes at those interest rates virtually impossible.
it is also pretty generous to what "past few years" means, if you bought from 09-22 a sub 4% or 5% interest rate was what you got.
Posted on 4/1/25 at 11:32 am to RaoulDuke504
quote:
No one wants to do those jobs but Amazon doesn’t have an employment problem
Jobs for Refugees and Assulum seekers - Amazon
If youre willing to have more mass immigration, you can build rubber dog shite in the USA again.
Posted on 4/1/25 at 11:33 am to Dire Wolf
Redfin tells me my house originally sold in 2015 for 990k.
I paid 2.2m in 2024 and it keeps increasing in value. There’s def a problem, homes shouldn’t be an investment vehicle. The next generation will never catch up.
I paid 2.2m in 2024 and it keeps increasing in value. There’s def a problem, homes shouldn’t be an investment vehicle. The next generation will never catch up.
This post was edited on 4/1/25 at 11:37 am
Posted on 4/1/25 at 11:36 am to RogerTheShrubber
quote:
If youre willing to have more mass immigration, you can build rubber dog shite in the USA again.
Companies don’t do this because they can’t find people they do it so people have no choice but to work for them
Posted on 4/1/25 at 11:37 am to RaoulDuke504
quote:
Companies don’t do this because they can’t find people
What is the unemployment rate right now?
What is the "full employment rate?"
Thanks. Just answer those two, and you'll have an epiphany.
Posted on 4/1/25 at 11:44 am to RogerTheShrubber
quote:
What is the unemployment rate right now? What is the "full employment rate?" Thanks. Just answer those two, and you'll have an epiphany.
It depends if you consider Uber and Lyft as real jobs
Posted on 4/1/25 at 11:45 am to RaoulDuke504
Statistics don’t count part time or gig employment
Posted on 4/1/25 at 11:46 am to Cosmo
quote:
Dropping 10k house price doesn’t matter much with insurance out of control
Bingo. It’s not the price that is a problem, it’s the location. Hurricane prone coastal areas are going to continue to struggle due to the costs of insurance.
Posted on 4/1/25 at 11:46 am to N2cars
quote:
Do you hsve a single bit of proof to bsck up anything you said?
We aren't in a recession.
Housing prices aren't plunging.
95% of Americans are current on all loans.
I've previously provided links supporting those facts, yet none of you can.
I took OP up on his offer to bet, and, crickets...
You're welcome to your own opinion, just not your own "facts".
Recession by whos definition? Theyve changed it about 6 times the past 4 years.
Housing prices will plunge, they arent moving. Real Estate agents about to become extinct.
Yall just dont get it and it appears you never will.
YOu arent even considering what AI is about to do to people in the next 2 decades.
Get out of debt.
This post was edited on 4/1/25 at 11:47 am
Posted on 4/1/25 at 11:48 am to jizzle6609
You’re the exact person he is referring to btw. No data just feels.
But I do disagree and believe we are in a recession, just the data lags
But I do disagree and believe we are in a recession, just the data lags
Posted on 4/1/25 at 11:50 am to RaoulDuke504
Yep you’re right my info I’m outdated
Posted on 4/1/25 at 11:51 am to fareplay
quote:
You’re the exact person he is referring to btw. No data just feels.
But I do disagree and believe we are in a recession, just the data lags
Im not going to sit here to provide data to you. YOu can do the research yourself. If you dont believe me, dont. I dont care. Ill be fine. I just call it how I see it to help others but people just shite on the information and wish on brighter days that arent coming. Mark my words, nothing good is coming for a long long time. We are in it now.
Stop buying 100K SUVS and start focusing on getting all of your debt paid off.
This post was edited on 4/1/25 at 11:52 am
Posted on 4/1/25 at 11:52 am to RaoulDuke504
quote:
It depends if you consider Uber and Lyft as real jobs
Do you know the answers to the questions I asked?
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