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

Posted on 3/31/25 at 10:36 pm to
Posted by questionable
FL
Member since Apr 2008
1254 posts
Posted on 3/31/25 at 10:36 pm to
quote:

Guess those new construction costs aren't going the way anyone wants anytime soon.

I agree with you, that’s my whole point. Lots of folks are calling for a crash, I don’t see that happening when new construction is unobtainable. If fewer homes are being built, it puts a premium on existing homes.
Posted by BamaCoaster
God's Gulf
Member since Apr 2016
7023 posts
Posted on 3/31/25 at 10:38 pm to
quote:

We had 2 consecutive quarters of falling GDP, which in fact defines recession. Yet Biden and his puppet masters tried to say we were not in a recession, and tried to use "alternate facts" to convince us otherwise. So the poster was spot on, and you mocking otherwise looks retarded.


I would like the five downvoters to explain why they down voted.
You speak the unencumbered truth.

Posted by Breesus
Unplug
Member since Jan 2010
69549 posts
Posted on 4/1/25 at 3:49 am to
quote:

If they put it to a vote to lower insurance. You dumb fricks would vote against it.


Because it would look like this:

Amendment 2:
A constitutional amendment whereby the State will cap homeowners insurance at $250 a month. Flood insurance will be capped at $100 a month. Income tax will be abolished for all persons making under 500,000 a year. Personal Injury attorneys gain access to all confidential medical records without consent. All teachers in public education get immediate tenure and a pay raise plus retirement benefits. A consumption tax on groceries maxed at 35% will be added to fund a special government employee retirement program for the workers in the governor’s mansion.

And then when it doesn’t pass every politician would say “we tried to lower insurance but you voted against it because you’re idiots. Please re-elect us so we can try again.”
This post was edited on 4/1/25 at 4:02 am
Posted by Gifman
Clearwater Beach, FL
Member since Jan 2021
18852 posts
Posted on 4/1/25 at 4:26 am to
quote:

Dropping 10k house price doesn’t matter much with insurance out of control


Don’t live in a state like Louisiana where humans weren’t meant to live.
Posted by Stealth Matrix
29°59'55.98"N 90°05'21.85"W
Member since Aug 2019
11684 posts
Posted on 4/1/25 at 4:29 am to
quote:

Home prices are dropping...still nobody buying.

Huh..kinda like houses have been, and still are, massively overpriced in recent years.
Posted by countrytiger60
Larose
Member since Sep 2018
4459 posts
Posted on 4/1/25 at 5:51 am to
we pay more in taxes to other countries than they do to us. it's time we stop letting other countries shite on our heads. also prices were high before Trump took office.
Posted by PrimeTime Money
Houston, Texas, USA
Member since Nov 2012
28014 posts
Posted on 4/1/25 at 6:13 am to
quote:

In the long term, that's true, theoretically. Short term, they are not helpful. Think of it like bad tasting medicine.
Its not going to help in the long term either.

Most businesses are not going to move to the U.S. because it’s so expensive to do business here. The reason they went overseas in the first place is to remain competitive because it’s cheaper to do business there.
Posted by PrimeTime Money
Houston, Texas, USA
Member since Nov 2012
28014 posts
Posted on 4/1/25 at 6:16 am to
quote:

we pay more in taxes to other countries than they do to us. it's time we stop letting other countries shite on our heads. also prices were high before Trump took office.
Other countries don’t pay the tariffs we put on their goods. We do. Importers are forced to pay the tariffs and the cost is passed on to American consumers when we purchase imported goods. That’s how it works.

So when Trump says tariffs will raise our tax revenue, that tax revenue isn’t being paid by other countries. It’s being paid by us.

And I like Trump, but tariffs are not the way to make us competitive.
This post was edited on 4/1/25 at 6:18 am
Posted by Dawgfanman
Member since Jun 2015
26314 posts
Posted on 4/1/25 at 6:20 am to
quote:

Other countries don’t pay the tariffs we put on their goods. We do. Importers are forced to pay the tariffs and the cost is passed on to American consumers when we purchase imported goods. That’s how it works.


Or, hear me out, we don’t buy their goods and they are forced to onshore production or reduce prices to keep sales at same level. There is a demand side here.
Posted by Breesus
Unplug
Member since Jan 2010
69549 posts
Posted on 4/1/25 at 6:20 am to
quote:

Importers are forced to pay the tariffs


Buy American instead. That’s kind of the entire point.

We won world wars because of our manufacturing capabilities and then we grew to the major economic and military power because of our manufacturing capabilities and then we financed the rest of the worlds rebuilds and defense and then offshored and destroyed our manufacturing capabilities.
This post was edited on 4/1/25 at 6:23 am
Posted by TimeOutdoors
LA
Member since Sep 2014
13430 posts
Posted on 4/1/25 at 6:22 am to
quote:

Boat prices are dropping too...nobody buying.


As someone shopping for a boat, I am not seeing this at all.
Posted by N2cars
Member since Feb 2008
39591 posts
Posted on 4/1/25 at 6:39 am to
He's completely wrong about everything he posts.



Posted by RaoulDuke504
Member since Aug 2023
3410 posts
Posted on 4/1/25 at 7:18 am to
quote:

Other countries don’t pay the tariffs we put on their goods. We do. Importers are forced to pay the tariffs and the cost is passed on to American consumers when we purchase imported goods. That’s how it works. So when Trump says tariffs will raise our tax revenue, that tax revenue isn’t being paid by other countries. It’s being paid by us. And I like Trump, but tariffs are not the way to make us competitive.



So when Europe has 10-32% tariffs on US cars


But have no tariffs on Japanese cars that hurt Europe?
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
97952 posts
Posted on 4/1/25 at 7:23 am to
quote:

You’ve been lied to. Tariffs are taxes and we will pay trillions.


Can you break down the math on this for us

Cnn said 800bill which is $2 more per day per person

Is this what you far left loons are crying about? $2
Posted by tdme
Member since Jan 2022
293 posts
Posted on 4/1/25 at 7:50 am to
quote:

Cnn said 800bill which is $2 more per day per person


Can you break that down?

$800 billion and 340 million people in the US is not $2 per day.

800,000,000,000/340,000,000 = $2353 per year
or $6.45 per day.
Posted by Play_Neck
Member since Dec 2014
2273 posts
Posted on 4/1/25 at 7:52 am to
Motown’s analysis is correct. The only “stat” possibly showing recession at the time was slowing gdp in Q1, Q2 2022 (we usually look at qoq or yoy change rather than dollars), but that was partly because Q4 21 was like 8%! And h2 2020 and rest of 2021 were coming out of shutdown so of course GDP growth was high bc it went super low during shutdowns, so the next quarters in 2022 almost had to be lower. See LINK (suggest go to 5 year chart). No other signs of recession at the time.

I am concerned about both parties fudging numbers to make things look better, now. Eg Biden changing the inflation formula mid inflation crisis.

Final thought, historically, inflationary environments (which tariffs will cause if we don’t go to depression) is good for the markets if wages can keep up; although historically that happened in war times and obviously more manufacturing based economies, which we will never be again—at least not until they use more robots. Main inflation concern is if the economy gets too hot, we fly off the rails. Can Trump navigate that balance / does he care (ie that might be besides his goal)?
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
97952 posts
Posted on 4/1/25 at 7:52 am to
quote:

Can you break that down?

$800 billion and 340 million people in the US is not $2 per day.

800,000,000,000/340,000,000 = $2353 per year
or $6.45 per day.


Wonderful so its 6 dollars a day now. Rogerthefluffer your math was way off

So the great melt is over $6 a day
Posted by jizzle6609
Houston
Member since Jul 2009
20079 posts
Posted on 4/1/25 at 7:54 am to
I tried warning everyone the past 2 years on this site. Everyone laughed.

I told y’all prices would plunge, they will. I said the buyers still won’t buy. They won’t.

85% of you have too much debt. Way too much debt. And at a time where prices are the highest for small things.

Good luck.
Posted by Bullfrog
Running Through the Wet Grass
Member since Jul 2010
61171 posts
Posted on 4/1/25 at 7:55 am to
quote:

although historically that happened in war times
Which the Neocons are desperately trying to get Europe to drag us in to one through NATO.
Posted by tdme
Member since Jan 2022
293 posts
Posted on 4/1/25 at 8:02 am to
quote:

So the great melt is over $6 a day


Or $2353 per year per person.

That is almost $10k a year for a family of 4?
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