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re: Home prices are dropping...still nobody buying.

Posted on 3/31/25 at 3:35 pm to
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
36998 posts
Posted on 3/31/25 at 3:35 pm to
quote:

very basic 3 bedroom 1400 sq ft home for $200k today.


That's a meaningless data point without more information, most importantly where the home is.
Posted by Dawgfanman
Member since Jun 2015
26314 posts
Posted on 3/31/25 at 3:36 pm to
quote:

Housing market is dead in mobile, yet one of fasting growing economies in the state. I am taking mine off market today


Most homes are sold in spring/summer…
Posted by swamptiger99
Member since Aug 2024
374 posts
Posted on 3/31/25 at 3:36 pm to
quote:

There is a new $590,000 4 BR behind me that's been sitting for a year and a half.


You would only have to put $118k down and have an income of $130k to afford that........

What careers pay that much?
Posted by deeprig9
Unincorporated Ozora
Member since Sep 2012
75330 posts
Posted on 3/31/25 at 3:38 pm to
quote:

If only there was a time in history when we tried this, and we knew the exact outcome... hmm, guess we will never know.


If the tariffs are reciprocal and leads to other countries dropping their tariffs on the US and we reciprocate by dropping our tariffs on them, which seems to be what's being signaled, that's what I mean by long term benefit. I don't mean long term benefit of having tariffs all over the place long term.
Posted by IT_Dawg
Georgia
Member since Oct 2012
26701 posts
Posted on 3/31/25 at 3:40 pm to
quote:

I'm not a fan of tariffs. I'd prefer that we made it easier for our manufacturing to compete with foreign goods (tax breaks, relaxing regulations, etc) but that won't happen.


Can’t have more tax breaks when a smaller and smaller percentage of the country pay taxes…and that number gets worse and worse too when manufacturing is shipped out of the country because they can do it for much cheaper.
Relaxing regulations should happen, but definitely too much money in the pockets of the politicians that vote for it based on who gives the kickback.


Our federal government needs to be cut by 90% and everything be given back to the States. Only thing that’s going to save us.

If you cut the fed by 90% and include Tariffs on foreign goods reciprocally, each State can then give tax breaks and regulations for specific industries that make sense for their State
Posted by HogPharmer
Member since Jun 2022
3749 posts
Posted on 3/31/25 at 3:45 pm to
quote:

You would only have to put $118k down and have an income of $130k to afford that........

What careers pay that much?


Chump change for any proud card-carrying member of the OT.
Posted by N2cars
Member since Feb 2008
39578 posts
Posted on 3/31/25 at 3:48 pm to
Define terms.

Ill bet.
Posted by tirebiter
7K R&G chile land aka SF
Member since Oct 2006
10959 posts
Posted on 3/31/25 at 3:49 pm to
Ehh, we bought a house 4 weeks ago and got $105k off from the seller. Selling our existing house for what we asked and the buyer offered $20k above ask and he is paying a ton of cash and the rest with a fairly small mortgage. I didn't like going from a 1.75% mortgage to 6.375% but picking up over 1k additional sq feet of living space and 3.94 acres beats a 2,042 sq feet and .10 acre with 3 dogs all day long. Nice, well maintained homes in Santa Fe are selling, really started picking up the last 2 weeks, we got 7 offers day 1.
Posted by PhillyTiger90
Not Phillytiger9
Member since Dec 2015
11854 posts
Posted on 3/31/25 at 3:50 pm to
Been in a recession

Just because the last admin changed the definition of the word doesn’t mean we weren’t
Posted by Galactic Inquisitor
An Incredibly Distant Star
Member since Dec 2013
18452 posts
Posted on 3/31/25 at 3:52 pm to
This is twice Orange Man has wrecked the economy, but he wants to do it 3 times now.
Posted by N2cars
Member since Feb 2008
39578 posts
Posted on 3/31/25 at 3:52 pm to
When did it start?

How is it defined?
Posted by dyslexiateechur
Louisiana
Member since Jan 2009
36454 posts
Posted on 3/31/25 at 3:53 pm to
quote:

where the home is.


Plaquemine.
Posted by N2cars
Member since Feb 2008
39578 posts
Posted on 3/31/25 at 3:54 pm to
General location?
Posted by Galactic Inquisitor
An Incredibly Distant Star
Member since Dec 2013
18452 posts
Posted on 3/31/25 at 3:55 pm to
quote:

When did it start?


Brandon!

quote:

How is it defined?


Brandon!
Posted by forkedintheroad
Member since Feb 2025
2285 posts
Posted on 3/31/25 at 3:55 pm to
quote:

Home prices are dropping



Minimally


Negatively here





As in, still climbing.




Location, location, fml.
Posted by N2cars
Member since Feb 2008
39578 posts
Posted on 3/31/25 at 3:56 pm to
Yep.

Prices climbing like a homesick angel in my hood.
Posted by F1y0n7h3W4LL
Below I-10
Member since Jul 2019
4080 posts
Posted on 3/31/25 at 3:56 pm to
quote:


General location?

Dutchtown
Posted by N2cars
Member since Feb 2008
39578 posts
Posted on 3/31/25 at 3:57 pm to
Oh.

ETA:
The average home value in Geismar, LA, which includes the "Dutch Town" area, is $363,627, up 3.5% over the past year, according to Zillow.


Zillow says market is up over last year in Dutchtown.
This post was edited on 3/31/25 at 4:01 pm
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
53509 posts
Posted on 3/31/25 at 4:02 pm to
quote:

Home prices are dropping


Not anywhere worth a damn
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
53509 posts
Posted on 3/31/25 at 4:06 pm to
quote:

Our federal government needs to be cut by 90% and everything be given back to the States. Only thing that’s going to save us.


Taking the country back to 1825 isn’t going to save anything
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