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Message
Reading Comprehension "Housing Recession" does not mean "Home Prices Dropping"
Posted on 11/1/23 at 11:11 am
Posted on 11/1/23 at 11:11 am
People see headlines like this and make all kinds of incorrect assumptions. A "housing recession" means the NUMBER of homes sold will decrease for two successive quarters...It does not mean the PRICES of homes will decrease. Some of yall never took Econ 101 and it shows.
11
Posted on 11/1/23 at 11:13 am to sidewalkside
quote:
means the NUMBER of homes sold will decrease for two successive quarters...It does not mean the PRICES of homes will decrease. Some of yall never took Econ 101 and it shows.
Oooph….. maybe you should reread your Econ 101 textbook on what happens when an excess of goods are available and are not being sold.
Posted on 11/1/23 at 11:14 am to sidewalkside
Good luck man. Half of this board doesn't read past the topic of the thread before responding with their input. 
Posted on 11/1/23 at 11:18 am to beerJeep
quote:
excess of goods
Well, one of the problems in the housing market is there isn't a ton of excess supply.
Posted on 11/1/23 at 11:18 am to beerJeep
quote:
Oooph….. maybe you should reread your Econ 101 textbook on what happens when an excess of goods are available and are not being sold.
Oooph maybe you should understand the difference between liquid and illiquid markets.
Posted on 11/1/23 at 11:19 am to sidewalkside
I don’t even have a problem with some prediction housing prices dropping a little. It needs to happen and probably will.
The fear mongering for the past two years predicting a housing market crash gets old though
The fear mongering for the past two years predicting a housing market crash gets old though
Posted on 11/1/23 at 11:22 am to notiger1997
quote:
The fear mongering for the past two years predicting a housing market crash gets old though
Diana Olick has been sayong this for the last 12yrs
Imagine still having a job after that amount of time with Ls
Posted on 11/1/23 at 11:23 am to notiger1997
quote:
I don’t even have a problem with some prediction housing prices dropping a little. It needs to happen and probably will.
I agree and I would also welcome a decline
quote:
The fear mongering for the past two years predicting a housing market crash gets old though
Exactly...everyone is just so desperate to see a crash in prices they refuse to reasonably understand the market and the forces behind it.
Posted on 11/1/23 at 11:24 am to notiger1997
quote:
The fear mongering for the past two years predicting a housing market crash gets old though
The housing market has crashed multiple times in the past two years. It's just on the mortgage side, both margins and volume. Commercial RE will ultimately collapse as well. It's not fear mongering it's just reality. Nobody is going to die
Posted on 11/1/23 at 11:28 am to sidewalkside
quote:
Some of yall never took Econ 101 and it shows.
You're one of those guys, huh.
I took at bowling class in college. Time for me to join to professional tour.
Posted on 11/1/23 at 11:28 am to sidewalkside
quote:
Some of yall never took Econ 101 and it shows.
I took Econ 1001. Some of yall didnt go to LSU, and it shows.
Posted on 11/1/23 at 11:32 am to beerJeep
quote:
excess of goods
There is a shortage of homes on the market. Might want to rethink your strategy here.
Posted on 11/1/23 at 11:33 am to CoachChappy
quote:
I took Econ 1001
I was trying to be inclusive as to not alienate the apparent large majority of the OT baws that did not attend nor graduate college
Posted on 11/1/23 at 11:34 am to sidewalkside
It means people are stuck….. for now….
Stuck with stagflation. Stuck in overpriced under built 3/2 hell holes. Stuck on school districts getting crappier by the day. Stuck commuting. Stuck paying for something that doesn’t hold value.
Stuck with stagflation. Stuck in overpriced under built 3/2 hell holes. Stuck on school districts getting crappier by the day. Stuck commuting. Stuck paying for something that doesn’t hold value.
This post was edited on 11/1/23 at 11:36 am
Posted on 11/1/23 at 11:37 am to wutangfinancial
quote:
The housing market has crashed multiple times in the past two years. It's just on the mortgage side
Go on….
Posted on 11/1/23 at 11:38 am to Koach K
quote:
Stuck paying for something that doesn’t hold value.
In what world does real estate not hold its value??? Not only does it hold its value its one of the few sure fire assets that increase in value...significantly
This post was edited on 11/1/23 at 11:40 am
Posted on 11/1/23 at 11:40 am to sidewalkside
quote:
decrease for two successive quarters
fairly certain the current administration changed the definition of “recession”. you may want to check on that before the ‘OT Moderates’ do it for you.
Posted on 11/1/23 at 12:12 pm to sidewalkside
I beat stout here!
Posted on 11/1/23 at 12:15 pm to Teddy Ruxpin
quote:
Well, one of the problems in the housing market is there isn't a ton of excess supply.
Genuine question, but why not? Are home builders simply not building homes? Are we running out of real estate? Is the population in the US booming?
Posted on 11/1/23 at 12:18 pm to beerJeep
quote:
Oooph….. maybe you should reread your Econ 101 textbook on what happens when an excess of goods are available and are not being sold.
There will be many people who wont put their houses in the market because they dont want their new mortgage to be 8%. So if fewer people sell their houses there are fewer that can be sold, hence the lower numbers for 2 quarters.
But housing prices are crazy. My house had more than doubled in "value" in the last 12 years. I dont really care tho since I have no intention of selling.
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