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Started By
Message
re: Home prices are dropping...still nobody buying.
Posted on 4/1/25 at 11:53 am to sidewalkside
Posted on 4/1/25 at 11:53 am to sidewalkside
quote:
Anybody want to bet the recession is upon us as we speak?
Its certainly heading that way....may not be much more than a minor correction but its hard to imagine not some slowdown.
0
Posted on 4/1/25 at 11:53 am to jizzle6609
quote:
Housing prices will plunge, they arent moving
inventory is still too low for a plunge in prices
Posted on 4/1/25 at 11:56 am to Dire Wolf
My friend bought a house in the outskirts of Austin for 500k and can’t sell it for 400k now. Texas bubble bursting
Posted on 4/1/25 at 11:56 am to Loup
quote:
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.
They are only going to be around a short period of time because no one is serious about protecting jobs in America what we are interested in is sound bites and bumper stickers.....
They should have been in place since the 1970s when the AFL CIO was clamoring for them and the right started up with the free market bullshite in a global economy where markets were anything but free....its ain't too late now but it is too painful...no one is going to tolerate the pain long enough for them to take effect....
Posted on 4/1/25 at 11:57 am to Dire Wolf
I keep seeing this inventory is too low stuff but I certainly see inventory when I drive around.
Why are we calculation inventory for states that dont matter? Serious question. YOu can pull 20 of those states off the list and remove their inventory #'s because no one is moving there.
Why are we calculation inventory for states that dont matter? Serious question. YOu can pull 20 of those states off the list and remove their inventory #'s because no one is moving there.
Posted on 4/1/25 at 11:59 am to fareplay
quote:
My friend bought a house in the outskirts of Austin for 500k and can’t sell it for 400k now. Texas bubble bursting
Austin has changed zoning laws and led to massive increases in home builds. You’re friend bought the bubble.
Posted on 4/1/25 at 11:59 am to fareplay
quote:
My friend bought a house in the outskirts of Austin for 500k and can’t sell it for 400k now. Texas bubble bursting
Sold 2 homes in Houston at peak selling time to morons that overpaid bigly then got a smaller residence to wait for the next downfall.
One was a Texas A&M Grad. It mightve been my finest hour.
This post was edited on 4/1/25 at 12:00 pm
Posted on 4/1/25 at 12:00 pm 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.
Can we also look at the labor force participation rate? Seems like that would be relevant to the conversation. A lot of US labor choosing not to look for a job.
Posted on 4/1/25 at 12:00 pm to jizzle6609
Probably because most UH grads can’t afford houses tbh.
Posted on 4/1/25 at 12:01 pm to fareplay
quote:
Probably because most UH grads can’t afford houses tbh.
No clue, not to concerned with what others are doing.
Posted on 4/1/25 at 12:01 pm to fareplay
quote:
My friend bought a house in the outskirts of Austin for 500k and can’t sell it for 400k now. Texas bubble bursting
austin has built like crazy over the last decade or so and a lot of that came for sale in the last few years.
even still its only seen a .56% drop in prices YOY
calling BS on your "friend" that can't move a house taking 100k haircut unless he massively overpaid for some shite box two towns over
Posted on 4/1/25 at 12:02 pm to Chucktown_Badger
quote:
Can we also look at the labor force participation rate? Seems like that would be relevant to the conversation. A lot of US labor choosing not to look for a job.
Why work for $15 an hour when you can be unemployed get section 8, SNAP, food stamps, free college, and free healthcare.
The system is set up for suckers
Posted on 4/1/25 at 12:03 pm to jizzle6609
Ayyyy only response that would have been acceptable.
Either way, I wouldn’t buy houses in Texas right now. I’m telling my parents not to buy either, 400k to live 1 hour away from any strong job areas is a no go
Either way, I wouldn’t buy houses in Texas right now. I’m telling my parents not to buy either, 400k to live 1 hour away from any strong job areas is a no go
Posted on 4/1/25 at 12:03 pm to Dire Wolf
Why do the states everyone was supposedly fleeing have the lower inventories of houses for sale compared to 6 years ago?
Posted on 4/1/25 at 12:03 pm to Dire Wolf
She bought it in pflugerville, new construction
Posted on 4/1/25 at 12:04 pm to jizzle6609
quote:
I keep seeing this inventory is too low stuff but I certainly see inventory when I drive around.
Why are we calculation inventory for states that dont matter? Serious question. YOu can pull 20 of those states off the list and remove their inventory #'s because no one is moving there.
"I don't need to provide data to support my wild assertions"
but also
"Your data is wrong and not relevant because it doesn't agree with my myopic worldview"
Posted on 4/1/25 at 12:05 pm to wm72
quote:
Why do the states everyone was supposedly fleeing have the lower inventories of houses for sale compared to 6 years ago?
Posted on 4/1/25 at 12:06 pm to Captain Rumbeard
quote:
We've been in this recession for years. Now they're just willing to admit it so they can say it's Trump.
No we haven't LOL. The last time we had 2 consecutive quarters of economic output contractions was in the 1st and 2nd quarters of 2020 (COVID). The third quarter of 2020 saw the economy grow by 35% due to our outlandishly slinging money at anyone standing still long enough to be a target. There was one quarter or negative economic growth in the first quarter of 2022 that was intentional to slow down inflation and it categorically worked. Things have not been as bad as many want to pretend for some bizarre reason....
Posted on 4/1/25 at 12:07 pm to AwgustaDawg
quote:
No we haven't LOL
Then why are we having to stimulate the economy with debt every single year just to show "growth?"
This should be easy for you.
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