stout

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So what's the solution?

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Deflation

There are ways to achieve this.

Stop the bailout madness that Liz Warren's CFPB has lobbied for that makes lenders try to keep people out of foreclosure. I am in the foreclosure industry and most people in foreclosure are due to divorce of buying too much other shite aka keeping up with the Jonses.

Encourage gentrification

etc

Yet some people here keep preaching "muh appreciation is still 4% this year."

None of that matters if you are all fighting for a shrinking group of buyers who can actually afford your house.





I say this as a person who owns more than one property/house with net worth directly tied to the RE market. I can still acknowledge that appreciation due to over speculation has far outpaced wage growth and the fix isn't simply to lower rates. We need values to deflate which will make boomers big mad.

Inventory is an issue and not just because we undebuilt after 2008 happened but because speculators (yes, I see the irony in that considering I have rentals) have taken up a lot of inventory for Airbnb, section 8, etc. We also need to make the double closings used by the "we buy your house for cash" guys illegal. Its not needed and is actually a scam but people fall for it thinking they are going to get cash right away when in reality they still have to wait for the house to sell. Its just another parasite on the housing industry.

We also have whole neighborhoods that could benefit from gentrification but gentrification is racist. If you are for Federal dollars to help solve the inentory issue then this is a quicker solution than popping up new developments with postage stamp lots, causing drainage issues with houses made from cardboard by a national builder.

The head of FHFA and HUD are great and have taken steps in the right direction that will help ease speculation fraud and assist with inventory but I hope Trump 2.0 tackles the issue head-on on or we truly will be a nation of renters.





Also,

Foreclosures starts by year has been trending down since the peak of 2009 Q3 when nearly 600K houses went into foreclosure. This has changed recently and we are seeing quarters with rising rates. The CV data is junk and doesn't count but a year ago you could argue rising foreclosures were a rebound from CV. I don't think that is the case now as it seems to be due to a slowing market and lower buyer demand coupled with people who overpaid in 2020-21. In another year we will see more foreclosures since Trump ended the CV forbearance that Biden was abusing to kick the can down the road. It ends in October and a foreclosure start takes about 3 months to reach preforeclosure status.

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In before stout RE thread...reeeeeee

Jesus was black according to Black Hebrew Israelites

Blacks also invented everything and built all ancient societies but whitey took it all away and blacks have never been able to achieve that again for some reason

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So it’s almost wasn’t about immigration it was about who yall want to hear and who you don’t.

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I’m before a ZOMG post from stout

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I might post a third thread about it

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So it’s almost wasn’t about immigration it was about who yall want to hear and who you don’t.

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What do you think this song is about?

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You bet your arse if the people illegally coming into America were right leaning white people, the libs would act like illegal immigration is suddenly the worst thing that’s ever happened to this country.

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Froman

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Did someone hijack your account?

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Now thats an African American.

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They might go start building the border wall themselves

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Cutting due to interest expense is a recipe for disaster.

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We could stand to decrease the easy/free money supply for a little while longer but that brings up deflation concerns.