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Started By
Message
re: US Home Sales Crashed in October
Posted on 11/26/24 at 11:57 am to Mid Iowa Tiger
Posted on 11/26/24 at 11:57 am to Mid Iowa Tiger
2024 was the last election in this country!
0
Posted on 11/26/24 at 12:01 pm to Mid Iowa Tiger
mid iowa tiger. you do realize that he will not be re-elected anyways, right? he can only serve 2 terms total.
he needs to wreck shop, flip the script, allow DOGE to gut the Gov’t spending & then set up his predecessors!!!
Growing pains may be tough, but the long game is where it’s at!
he needs to wreck shop, flip the script, allow DOGE to gut the Gov’t spending & then set up his predecessors!!!
Growing pains may be tough, but the long game is where it’s at!
Posted on 11/26/24 at 12:35 pm to oldskule
quote:
high price X high interest rate =
Praying mortgage rates come down in the 5/5.25 range. Just built my new home while rates were in the 3 range and couldnt finance until it was finished. Ended up getting it at 6.75 and it hasn’t come down since.
Posted on 11/26/24 at 12:37 pm to RogerTheShrubber
quote:
The Stock Market might be our biggest welfare group.
This should be good. I’d love your explanation of this claim.
Posted on 11/26/24 at 12:46 pm to BBONDS25
quote:
This should be good. I’d love your explanation of this claim.
Our monetary policy is centered over keeping stock prices high. Also, tariffs are a gift to BigCorp
Youre welcome.
This post was edited on 11/26/24 at 12:47 pm
Posted on 11/26/24 at 12:48 pm to John Barron
quote:
The only way that happens is if we get Wall Street out of the house buying business
didn't this start over a year ago?
Posted on 11/26/24 at 12:50 pm to RogerTheShrubber
quote:
BigCorp
you populists are so envious of the wealthy. Nobody is keeping you down, Roger. You did that all on your own. quote:
Our monetary policy is centered over keeping stock prices high.
Oh boy. What a great and eloquent point. So specific.
I’d wager you have no clue if that’s true or not. Run to wiki. This post was edited on 11/26/24 at 12:51 pm
Posted on 11/26/24 at 12:50 pm to BBONDS25
quote:
you populists
It relly bothers you that you are one.
A supposedly successful guy pushing stimuluses and tariffs.
Posted on 11/26/24 at 12:51 pm to GoblinGuide
quote:
About damn time. Homes aren't investment vehicles
Since the 30 year mortgage in 1971, homes have gone up 2-3 percent YoY on average. Your statement is retarded.
Posted on 11/26/24 at 12:53 pm to RogerTheShrubber
quote:
It relly bothers you that you are one.
between the two of us only one is envious of the wealthy. Only one of us thinks the elite are keeping them down. The person guilty of those qualities is you. Now let’s look at the definition of populist: a person, especially a politician, who strives to appeal to ordinary people who feel that their concerns are disregarded by established elite groups.
Poor Roger thinks Wall Street elites and “BigCorp” are keeping him down. You are so dumb you don’t realize that you’re a populist.
Posted on 11/26/24 at 12:55 pm to ItNeverRains
quote:
Since the 30 year mortgage in 1971, homes have gone up 2-3 percent YoY on average. Your statement is retarded.
I think he is saying that homes should not be investment vehicles and you just proved his point. The expectation that your home is going to be an investment and net a significant return when you sell it is one of the many drivers of increased cost of living in this country.
Posted on 11/26/24 at 1:08 pm to Westbank111
quote:
you do realize that he will not be re-elected anyways, right? he can only serve 2 terms total.
Well aware. It was a healthy and huge dose of sarcasm.
Posted on 11/26/24 at 1:16 pm to RogerTheShrubber
quote:
Good. Maybe people will be able to afford one soon.
Absolutely, time for a correction.
Posted on 11/26/24 at 1:18 pm to John Barron
China, other countries and blackrock sized places should all be banned from residential real estate
Posted on 11/26/24 at 1:30 pm to GoblinGuide
quote:
About damn time. Homes aren't investment vehicles
Found the guy who rents.
Posted on 11/26/24 at 1:38 pm to Sailin Tiger
quote:
I think he is saying that homes should not be investment vehicles and you just proved his point. The expectation that your home is going to be an investment and net a significant return when you sell it is one of the many drivers of increased cost of living in this country.
I don’t think that proved anything. You can’t look at home prices in a vacuum. You have to compare wage growth to home appreciation, among other things.
Another big factor at work here is that folks think they made $100,000 when they sell a home, they purchased for $200,000, for $300,000 ten years later. But inflation occurred during that time, and it’s possible that the buying power of $300,000 is the same as that of $200,000 ten years earlier.
Posted on 11/26/24 at 1:50 pm to WhiskeyThrottle
quote:
Found the guy who rents.
You found the guy who wants to buy a home to live in, rather than turn it into another fricking Air BnB.
Posted on 11/26/24 at 2:04 pm to idlewatcher
quote:
Busted bubble works for me.
Blood on the streets n such
Unfortunately ol' John Barron (and ZeroHedge), being the propagandist he is, conveniently forgot to mention that existing home sales - which dwarf new home sales by an order of magnitude - were strong in October.
Important bit of context that was buried far down the article.
This post was edited on 11/26/24 at 2:06 pm
Posted on 11/26/24 at 2:09 pm to SlowFlowPro
quote:
didn't this start over a year ago
No it started after the 2008 crash and they didn't let the market return to normal. They instead used Wall Street and Hedge Funds to reinflate the bubble even bigger this time.
Posted on 11/26/24 at 2:09 pm to John Barron
quote:Tired talking point from a tired alter.
The only way that happens is if we get Wall Street out of the house buying business
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