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Started By
Message
re: Home prices will go down this summer as sellers can't postpone listing any longer
Posted on 6/11/24 at 7:09 pm to stout
Posted on 6/11/24 at 7:09 pm to stout
quote:
Where did anyone say it was going to see 2020 values?
Are you telling me it was unreasonable for me to infer doom and gloom from your posts when every real estate article you've posted since 2017 has been negative?
Posted on 6/11/24 at 7:10 pm to stout
quote:
I like how you skipped the graph showing the increase in new homes, though.
The one right below this quote?
“ Meanwhile, the median price of a new home is at $433,500 and remains near record highs.
New homes are becoming the only option for buyers.”
I do think prices will probably drop a little short term, but people predicting some 08 meltdown type situation are nuts.
Posted on 6/11/24 at 7:11 pm to stout
quote:
This happens every year during the Summer. It's not a groundbreaking prediction.
No sir. The CEO doesn’t thinks it’s bc of Summer. It’s clearly the huge segment of population that includes divorced couples that have stayed together bc of high interest rates…haha. What a fricking joke. This is an actual quote…
quote:
A lot of our customers are folks who got a divorce last year, and the husband and the wife are driving each other crazy
Posted on 6/11/24 at 7:12 pm to kciDAtaE
quote:
A lot of our customers are folks who got a divorce last year, and the husband and the wife are driving each other crazy
One household splitting into two means the need for two places to live.
Posted on 6/11/24 at 7:15 pm to stout
It looks like every house on Zillow that’s been on the market 30ish days has already been slashed $15K in my area. But they’re still not being snatched up.
I’m almost scared to buy at this point
I’m almost scared to buy at this point
Posted on 6/11/24 at 7:16 pm to stout
The prices are pretty high and they are sitting for quite a while now.
This post was edited on 6/11/24 at 7:16 pm
Posted on 6/11/24 at 7:19 pm to stout
Another way to say that is many people’s equity bubble will disappear and they could potentially be upside down on their mortgages.
Posted on 6/11/24 at 7:19 pm to Dawgfanman
I understand the math of the scenario. But think about what the CEO saying.
There were SO many couples that got divorced but stayed living together due to interest rates. Apparently not deciding to rent. But NOW they can’t stand it anymore. And have decided to list their homes for sale. And it’s so many of these situations, that it will drop the average prices of homes.
WTF. Call me cynical, but I have a hard time believing a CEO when they come out and start talking about how active their business will be.
There were SO many couples that got divorced but stayed living together due to interest rates. Apparently not deciding to rent. But NOW they can’t stand it anymore. And have decided to list their homes for sale. And it’s so many of these situations, that it will drop the average prices of homes.
WTF. Call me cynical, but I have a hard time believing a CEO when they come out and start talking about how active their business will be.
Posted on 6/11/24 at 7:19 pm to Teddy Ruxpin
quote:
Are you telling me it was unreasonable for me to infer doom and gloom from your posts when every real estate article you've posted since 2017 has been negative?
Since you pay attention so closely to all of my post then you should recall the multiple times I have said a major event like 2008 is not going to happen which is what it would take for Austin to see pre 2020 prices.
I have said a correction is going to happen. No one knows how big or small it will be and a correction is healthy and needed. It's not a negative for the market to adjust and cool off giving wages time to catch up.
Posted on 6/11/24 at 7:19 pm to kciDAtaE
quote:
Halliburton
It’s about time to start buying a smidge of Oxy.
Posted on 6/11/24 at 7:21 pm to stout
A whole 1%
You’ve been posting this nonsense for years on here. Hasn’t happened. Give up already.
You’ve been posting this nonsense for years on here. Hasn’t happened. Give up already.
Posted on 6/11/24 at 7:21 pm to dewster
quote:
The prices are pretty high and they are sitting for quite a while now.
Yea many people trying to ride it out in hopes rates will drop fast enough to heat the market up and that may happen but affordability will still be a major hurdle for many
Posted on 6/11/24 at 7:22 pm to ronricks
Here comes ronricks to show us that it doesn't take much brainpower to be a flaming liberal
Posted on 6/11/24 at 7:23 pm to stout
I’m not a liberal. You’ve been shitposting nothing but doom and gloom for years. At what point do you give up? 
Posted on 6/11/24 at 7:24 pm to stout
Prices where I live should double in the next five years. I live in a very exclusive all white enclave that gets international attention called St George, Louisiana. We are fancy. And white. And possibly racist, sexist , homophobic and transphobic. Also we are white.
Posted on 6/11/24 at 7:24 pm to ronricks
quote:
I’m not a liberal.
Right...you're one of those "centrist" who just happens to always support liberalism.
Posted on 6/11/24 at 7:25 pm to stout
I’ve never voted for a single democrat in my life. I’m also not voting for Trump who btw isn’t and has never been a conservative. That doesn’t make me a liberal you fricking clown.
Posted on 6/11/24 at 7:33 pm to stout
Redfin's website says Austin prices are up YoY.
I don't know what to believe.
I don't know what to believe.
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