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

Posted on 4/1/25 at 10:12 am to
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
41068 posts
Posted on 4/1/25 at 10:12 am to
quote:

Every other country imposes tariffs right?


You want a european/canadian economy?
Posted by FAT SEXY
California
Member since Jun 2020
2117 posts
Posted on 4/1/25 at 10:13 am to
Montgomery County, Texas housing market continues to thrive
Posted by wackatimesthree
Member since Oct 2019
13430 posts
Posted on 4/1/25 at 10:14 am to
quote:

What if I don't buy what is tariffed?


You'll still likely pay more depending upon what we're talking about, because domestic suppliers are going to raise prices on many products as the price curve shifts upward due to the tariffs.

The best example of that is going to be the auto tariffs.

Also, remember that raw materials are included in these tariffs, like aluminum, cement, lumber, sugar, etc., and heavy machinery that is involved in construction and manufacturing. You might pay more for an item that isn't tariffed because the raw materials or machinery to make it were.

Services too. We get a lot of medical supplies from these countries. When the supplies to perform a medical procedure go up, so might what you end up paying for the service. It will be hidden in your insurance premiums, since insurance will be paying or the procedures that will become more expensive, but if these tariffs persist long enough, that's what will happen.

It's not as simple as, "I'll just avoid muh tariffed items."
Posted by N2cars
Member since Feb 2008
39596 posts
Posted on 4/1/25 at 10:14 am to
Agree.

But to be fair, my first house in 1990 that didn't have wheels, was $100K. It was a 3/2, 1800 sq/ft in a nice Metairie neighborhood, 6.75 rate.

That same house is probably low 400s today.
Posted by fareplay
Member since Nov 2012
6585 posts
Posted on 4/1/25 at 10:15 am to
These baws don’t realize this but tariff is welfare for manufacture baws.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
37007 posts
Posted on 4/1/25 at 10:16 am to
quote:

Who claimed that?


So is that your attempt to not acknowledge the fact that, historically, tariffs on US exports are higher than tariffs imposed by the US on imported goods?

And if you will acknowledge it (my chart above should help with that), make the case against the US starting to level that playing field to the benefit of the US worker.

Related, I was told we're trying to save the planet from a climate crisis, so it stands to reason that drastically reducing the distances we're moving trillions of dollars in goods globally should help with that. Produce local, buy local
This post was edited on 4/1/25 at 10:17 am
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
37007 posts
Posted on 4/1/25 at 10:19 am to
quote:

These baws don’t realize this but tariff is welfare for manufacture baws.


Better than no/minimal tariffs being welfare for Chinese manufacturing baws/children.
Posted by fareplay
Member since Nov 2012
6585 posts
Posted on 4/1/25 at 10:21 am to
How is this better? 99% of Americans suffer because of this? Even if China welfare, that made our lives better.

These selfish baws hurting our pockets so they don’t have to learn new skills
Posted by Boss
Member since Dec 2007
1790 posts
Posted on 4/1/25 at 10:22 am to
quote:

And if you will acknowledge it (my chart above should help with that), make the case against the US starting to level that playing field to the benefit of the US worker.


There is this myth that manufacturing jobs will pop up overnight AND we have the workforce that is skilled to do these manufacturing jobs. Neither are true, and legislating this through EO is not going to result in any substantive change.

Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299088 posts
Posted on 4/1/25 at 10:25 am to
quote:


There is this myth that manufacturing jobs will pop up overnight AND we have the workforce that is skilled to do these manufacturing jobs.


Bingo. MFG will be highly automated as we do not have the workforce for an expansion.

We lost mfg because its no longer efficient for us to mfg rubber dog shite in this country. Its cheaper to buy it, add value and sell it to consumers creating wealth.

This "industrial expansion" is a Edwardian dream and the modern economy will not bear it out.
Posted by TheDeathValley
Louisiana
Member since Sep 2010
20609 posts
Posted on 4/1/25 at 10:26 am to
quote:

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



My escrow payment monthly is more than my principal and interest combined. We aren't in a flood zone, so I have to pay that out of pocket. Property tax and insurance is through the roof.
This post was edited on 4/1/25 at 10:45 am
Posted by RLDSC FAN
Rancho Cucamonga, CA
Member since Nov 2008
60073 posts
Posted on 4/1/25 at 10:29 am to
And labor costs are so low in other countries that Trump could tariffs 50% or more and that would make no difference. Those companies aren't coming back
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299088 posts
Posted on 4/1/25 at 10:32 am to
quote:

Those companies aren't coming back
\

Exactly. Not many companies are going to spend 4b on building new plants plus having to pay exorbitant American labor to escape tariffs unless these tariffs (subsidies for US corporations) are long term, which leads to trade wars and inflation.

There are economic tradeoffs to everything. Its not always 1:1 but the fact that most folks are blinded to reality is disheartening.
Posted by West Seattle Dude
West Sesttle
Member since Aug 2023
521 posts
Posted on 4/1/25 at 10:32 am to
Not the case in Seattle. Median home price is $860,000. Wages are also high, especially in tech.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
37007 posts
Posted on 4/1/25 at 10:36 am to
quote:

There is this myth that manufacturing jobs will pop up overnight


I haven't seen anyone pushing this narrative, except for maybe some media outlets who see it as a way to yell "inflation!" since apparently it's no longer a "good thing".

Why inflation can actually be good for everyday Americans and bad for rich people

I think most rational people understand that it's more turning the Titanic than a jon boat. But some companies are already making plans to bring manufacturing onshore.
This post was edited on 4/1/25 at 10:39 am
Posted by fareplay
Member since Nov 2012
6585 posts
Posted on 4/1/25 at 10:37 am to
Where in Seattle you live in? I’m Kirkland and hard to find a decent sfh on a non shared lot without hoa for under 1.5
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299088 posts
Posted on 4/1/25 at 10:41 am to
quote:


Not the case in Seattle. Median home price is $860,000. Wages are also high, especially in tech.



Wages and work are plenty. Thats not our problem.

Bringing $20 an hour factory work back will do very little to help the working class.

Government will have to subsidize the shite out of these companies to make them "work"
Posted by fareplay
Member since Nov 2012
6585 posts
Posted on 4/1/25 at 10:42 am to
No one wants to do these jobs. Let the Chinese do it if they want, I don’t want iPhones to be $6000
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299088 posts
Posted on 4/1/25 at 10:44 am to
quote:

No one wants to do these jobs


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.
Posted by LNCHBOX
70448
Member since Jun 2009
89127 posts
Posted on 4/1/25 at 10:45 am to
Imagine agreeing with the board idiot fareplay
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