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Is the housing boom about to bust? Sellers are slashing prices at levels not seen since before the pandemic amid rapidly cooling market | |
| Anonymous Coward User ID: 78812915  United States05/28/2022 05:57 PM Report Abusive Post Report Copyright Violation | |
Venittempus777
 User ID: 1098930 United States05/28/2022 06:03 PM Report Abusive Post Report Copyright Violation | Re: Is the housing boom about to bust? Sellers are slashing prices at levels not seen since before the pandemic amid rapidly cooling market The prices are still going up here, with vibrant bidding wars way over the base price. Quoting: tiger1 The problem I see is that the areas these suburbanites are fleeing to, can not withstand the price hike its causing. Majority of rural areas are farm and ranch. Majority are blue color workers. And the massive influx of these idiot city people are causing huge unsustainable financial damage to the economy of these rural areas. It's disgusting and infuriating to watch greed and idiots make more issues for people who actually saw this shit storm coming, and thought ahead and planned accordingly. Like little red hen with her loaf of bread. And all the liberal idiots now want to take it from her because they see the error of their ways. AGREE We call them cidiots - because they come rural, set up their 'sprinkler systems' on aquifers which are limited, so they ruin wells in a mile area. They shoot fireworks, disreguarding what it does to wildlife, or war vetereans - not to mention the fires they start. These cidiots think the fire dept will be right there, when in reality it can take well over 30 minutes for the underfunded volunteer departments to get there, with their half-working tankers. And they shoot guns at all hours (often going through 1k worth of ammo at a shoot fest) I guarantee if any show up at my door when the shtf, they will find themselves at the bottom of a deep, bramble filled ravine. One of these out of state cidiots, payed 1m for a worthless piece of land (30 acres, 20 of it controlled by imminent domain - with high wires and gas lines through it), a new, but crappy built 2500 sq ft house with a semi-flat roof (not good here). Sick of CIDIOTS!!!!!!!!!!!!! Exactly. Its disgusting. And then to top it they mock the vets and the blue collar workers. Fucking over their shit already. Freedom isn't free. |
| Anonymous Coward User ID: 71035093 United States05/28/2022 06:21 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 83460113 05/28/2022 06:23 PM Report Abusive Post Report Copyright Violation | |
| nyprotective custody
User ID: 78822745 United States05/28/2022 06:24 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 83448592 05/28/2022 06:26 PM Report Abusive Post Report Copyright Violation | Re: Is the housing boom about to bust? Sellers are slashing prices at levels not seen since before the pandemic amid rapidly cooling market The prices are still going up here, with vibrant bidding wars way over the base price. Quoting: tiger1 The problem I see is that the areas these suburbanites are fleeing to, can not withstand the price hike its causing. Majority of rural areas are farm and ranch. Majority are blue color workers. And the massive influx of these idiot city people are causing huge unsustainable financial damage to the economy of these rural areas. It's disgusting and infuriating to watch greed and idiots make more issues for people who actually saw this shit storm coming, and thought ahead and planned accordingly. Like little red hen with her loaf of bread. And all the liberal idiots now want to take it from her because they see the error of their ways. AGREE We call them cidiots - because they come rural, set up their 'sprinkler systems' on aquifers which are limited, so they ruin wells in a mile area. They shoot fireworks, disreguarding what it does to wildlife, or war vetereans - not to mention the fires they start. These cidiots think the fire dept will be right there, when in reality it can take well over 30 minutes for the underfunded volunteer departments to get there, with their half-working tankers. And they shoot guns at all hours (often going through 1k worth of ammo at a shoot fest) I guarantee if any show up at my door when the shtf, they will find themselves at the bottom of a deep, bramble filled ravine. One of these out of state cidiots, payed 1m for a worthless piece of land (30 acres, 20 of it controlled by imminent domain - with high wires and gas lines through it), a new, but crappy built 2500 sq ft house with a semi-flat roof (not good here). Sick of CIDIOTS!!!!!!!!!!!!! Exactly. Its disgusting. And then to top it they mock the vets and the blue collar workers. Fucking over their shit already. I had to work with a bunch of LA transplants in film. They are arrogant nasty know it all's and you are dam right, if they show up when shtf they will end up with their heads on pikes. Where can I get some pikes??? Homodepot??? What would you use for the pikes??? |
| Anonymous Coward User ID: 83458474 United States05/28/2022 06:27 PM Report Abusive Post Report Copyright Violation | Re: Is the housing boom about to bust? Sellers are slashing prices at levels not seen since before the pandemic amid rapidly cooling market [link to www.dailymail.co.uk (secure)] Quoting: Anonymous Coward 46765689 Is the housing boom about to bust? Sellers are slashing prices at levels not seen since before the pandemic amid rapidly cooling market as hedge fund manager of The Big Short fame warns 'It's like watching a plane crash' -More than 20% of homes for sale in Philadelphia, Boise, New Orleans and Sacramento had their prices reduced in April. I wouldn't accept a FREE house in any of those Democrat holes. |
| Anonymous Coward User ID: 83458474 United States05/28/2022 06:28 PM Report Abusive Post Report Copyright Violation | Re: Is the housing boom about to bust? Sellers are slashing prices at levels not seen since before the pandemic amid rapidly cooling market ... Quoting: Anonymous Coward 1551278 The problem I see is that the areas these suburbanites are fleeing to, can not withstand the price hike its causing. Majority of rural areas are farm and ranch. Majority are blue color workers. And the massive influx of these idiot city people are causing huge unsustainable financial damage to the economy of these rural areas. It's disgusting and infuriating to watch greed and idiots make more issues for people who actually saw this shit storm coming, and thought ahead and planned accordingly. Like little red hen with her loaf of bread. And all the liberal idiots now want to take it from her because they see the error of their ways. AGREE We call them cidiots - because they come rural, set up their 'sprinkler systems' on aquifers which are limited, so they ruin wells in a mile area. They shoot fireworks, disreguarding what it does to wildlife, or war vetereans - not to mention the fires they start. These cidiots think the fire dept will be right there, when in reality it can take well over 30 minutes for the underfunded volunteer departments to get there, with their half-working tankers. And they shoot guns at all hours (often going through 1k worth of ammo at a shoot fest) I guarantee if any show up at my door when the shtf, they will find themselves at the bottom of a deep, bramble filled ravine. One of these out of state cidiots, payed 1m for a worthless piece of land (30 acres, 20 of it controlled by imminent domain - with high wires and gas lines through it), a new, but crappy built 2500 sq ft house with a semi-flat roof (not good here). Sick of CIDIOTS!!!!!!!!!!!!! Exactly. Its disgusting. And then to top it they mock the vets and the blue collar workers. Fucking over their shit already. I had to work with a bunch of LA transplants in film. They are arrogant nasty know it all's and you are dam right, if they show up when shtf they will end up with their heads on pikes. Where can I get some pikes??? Homodepot??? What would you use for the pikes??? Pike costs skyrocketing. Buy now while you can. |
| Anonymous Coward User ID: 83448592 05/28/2022 06:29 PM Report Abusive Post Report Copyright Violation | Re: Is the housing boom about to bust? Sellers are slashing prices at levels not seen since before the pandemic amid rapidly cooling market ... Quoting: Anonymous Coward 72723101 AGREE We call them cidiots - because they come rural, set up their 'sprinkler systems' on aquifers which are limited, so they ruin wells in a mile area. They shoot fireworks, disreguarding what it does to wildlife, or war vetereans - not to mention the fires they start. These cidiots think the fire dept will be right there, when in reality it can take well over 30 minutes for the underfunded volunteer departments to get there, with their half-working tankers. And they shoot guns at all hours (often going through 1k worth of ammo at a shoot fest) I guarantee if any show up at my door when the shtf, they will find themselves at the bottom of a deep, bramble filled ravine. One of these out of state cidiots, payed 1m for a worthless piece of land (30 acres, 20 of it controlled by imminent domain - with high wires and gas lines through it), a new, but crappy built 2500 sq ft house with a semi-flat roof (not good here). Sick of CIDIOTS!!!!!!!!!!!!! Exactly. Its disgusting. And then to top it they mock the vets and the blue collar workers. Fucking over their shit already. I had to work with a bunch of LA transplants in film. They are arrogant nasty know it all's and you are dam right, if they show up when shtf they will end up with their heads on pikes. Where can I get some pikes??? Homodepot??? What would you use for the pikes??? Pike costs skyrocketing. Buy now while you can. Lol. I just sold my house at a Great time!!! Seriously just sold last month. Feeling pretty darn good about it!!! |
| Anonymous Coward User ID: 83458474 United States05/28/2022 06:29 PM Report Abusive Post Report Copyright Violation | |
| Coastie Patriot
User ID: 77311873 United States05/28/2022 06:31 PM  Report Abusive Post Report Copyright Violation | Re: Is the housing boom about to bust? Sellers are slashing prices at levels not seen since before the pandemic amid rapidly cooling market [link to www.dailymail.co.uk (secure)] Quoting: Anonymous Coward 46765689 Is the housing boom about to bust? Sellers are slashing prices at levels not seen since before the pandemic amid rapidly cooling market as hedge fund manager of The Big Short fame warns 'It's like watching a plane crash' -More than 20% of homes for sale in Philadelphia, Boise, New Orleans and Sacramento had their prices reduced in April. -Michael Burry, of 'The Big Short' fame, compared the slowing housing market to 2008 saying it's like 'watching a plane crash'. -This week mortgage rates reached a 13-year high of more than 5%. -One economist said that house prices could drop as much as 40% during the summer of 2022. America's red hot housing market is cooling down fast sparking fears of a housing bust and crippling recession as nearly half of home sale prices are slashed in some areas. After two years of buyers battling paying tens of thousands - or sometimes hundreds of thousands - over asking price to secure homes as millions fled the cities in favor of the suburbs during the pandemic, it appears the boom in over. An increase in mortgage rates, rising house prices and uncertainty around Joe Biden's economy as inflation soars, are contributing factors to the slowdown, according to experts. Weighing in on the market trends, former hedge fund manager Michael Burry of 'The Big Short' fame, said in a now-deleted tweet on May 24, that the falling stocks and slowing home sales, remind him of 2008. Burry tweeted: 'As I said about 2008, it's like watching a plane crash.' Rest of article with details and interesting statistics: [link to www.dailymail.co.uk (secure)] . Youll own nothing and like it.. Coastie Patriot SIC SEMPER TYRRANIS THE SAME PEOPLE WHO SAID NO GUNS BECAUSE OF POLICE NOW WANT TO DEFUND THE POLICE!!!! Dr Thaddeus They They don't really care whether the truth gets out, because the public no longer knows what's meant by "the truth." Well, I mean, no one can tell the difference anymore between what's real and what's fake. Anyway, the point is, I can tell you all of this, right out in the open, because it doesn't matter who knows about it. They won't know whether to believe it or not.- X Files: Lost art of Forehead Sweat A gun is a tool, Marion, no better or no worse than any other tool, an axe, a shovel or anything. A gun is as good or as bad as the man using it. Remember that. -SHANE- Jefferson Smith: You see, boys forget what their country means by just reading The Land of the Free in history books. Then they get to be men they forget even more. Liberty's too precious a thing to be buried in books, Miss Saunders. Men should hold it up in front of them every single day of their lives and say: I'm free to think and to speak. My ancestors couldn't, I can, and my children will. Boys ought to grow up remembering that . - MR Smith Goes To Washington- to grow up remembering th My oath to support and defend the constitution against all enemies foreign and domestic has no expiration date!!! Ten Bears : It's sad that governments are chiefed by the double tongues. There is iron in your words of death for all Comanche to see and so there is iron in your words of life. No signed paper can hold the iron. It must come from men. Outlaw Josey Wales |
| Butch DeFeo
User ID: 83141632 United States05/28/2022 06:32 PM Report Abusive Post Report Copyright Violation | Re: Is the housing boom about to bust? Sellers are slashing prices at levels not seen since before the pandemic amid rapidly cooling market Those selling $600,000 homes in commie cities will flee to small town midwestern areas and bid up all the houses there. What goes down in some areas, goes up in other areas.  :DOCSRBAFFLED::redblueLED::DONTBEAPANDEMICS: Only you can stop the fake pandemic for yourself, no one will ever tell you the pandemic is over. It's time to WIN. |
| Anonymous Coward User ID: 83460287 United States05/28/2022 06:32 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 76873815 United States05/28/2022 06:36 PM Report Abusive Post Report Copyright Violation | Re: Is the housing boom about to bust? Sellers are slashing prices at levels not seen since before the pandemic amid rapidly cooling market If anything drops it's the grossly overpriced urban properties.. rural will always be in high demand. Quoting: Anonymous Coward 81428118 That is the obvious truth. My home is sixty miles outside a big city. The new building and appreciation is huge. My own home has gone up about 80% in the last two years. Too bad there is so much new building, custom homes in my area and whole subdivisions closer to the city. It is going to force me to sell out to get back to a peaceful little town. A decent home in the nearby city has reach crazy prices. I don't see why or how those could be maintained. If I lived in that shit hole I would do whatever I had to do to sell out--immediately. |
| StayCurious
User ID: 82380333 United States05/28/2022 06:37 PM Report Abusive Post Report Copyright Violation | |
| Venittempus777
User ID: 1098930 United States05/28/2022 06:38 PM Report Abusive Post Report Copyright Violation | Re: Is the housing boom about to bust? Sellers are slashing prices at levels not seen since before the pandemic amid rapidly cooling market ... Quoting: Anonymous Coward 1551278 The problem I see is that the areas these suburbanites are fleeing to, can not withstand the price hike its causing. Majority of rural areas are farm and ranch. Majority are blue color workers. And the massive influx of these idiot city people are causing huge unsustainable financial damage to the economy of these rural areas. It's disgusting and infuriating to watch greed and idiots make more issues for people who actually saw this shit storm coming, and thought ahead and planned accordingly. Like little red hen with her loaf of bread. And all the liberal idiots now want to take it from her because they see the error of their ways. AGREE We call them cidiots - because they come rural, set up their 'sprinkler systems' on aquifers which are limited, so they ruin wells in a mile area. They shoot fireworks, disreguarding what it does to wildlife, or war vetereans - not to mention the fires they start. These cidiots think the fire dept will be right there, when in reality it can take well over 30 minutes for the underfunded volunteer departments to get there, with their half-working tankers. And they shoot guns at all hours (often going through 1k worth of ammo at a shoot fest) I guarantee if any show up at my door when the shtf, they will find themselves at the bottom of a deep, bramble filled ravine. One of these out of state cidiots, payed 1m for a worthless piece of land (30 acres, 20 of it controlled by imminent domain - with high wires and gas lines through it), a new, but crappy built 2500 sq ft house with a semi-flat roof (not good here). Sick of CIDIOTS!!!!!!!!!!!!! Exactly. Its disgusting. And then to top it they mock the vets and the blue collar workers. Fucking over their shit already. I had to work with a bunch of LA transplants in film. They are arrogant nasty know it all's and you are dam right, if they show up when shtf they will end up with their heads on pikes. Where can I get some pikes??? Homodepot??? What would you use for the pikes??? Fence poles sharpened to a fine point. Freedom isn't free. |
| Anonymous Coward User ID: 80360121  Canada05/28/2022 06:39 PM Report Abusive Post Report Copyright Violation | Re: Is the housing boom about to bust? Sellers are slashing prices at levels not seen since before the pandemic amid rapidly cooling market [link to www.dailymail.co.uk (secure)] Quoting: Anonymous Coward 46765689 Is the housing boom about to bust? Sellers are slashing prices at levels not seen since before the pandemic amid rapidly cooling market as hedge fund manager of The Big Short fame warns 'It's like watching a plane crash' -More than 20% of homes for sale in Philadelphia, Boise, New Orleans and Sacramento had their prices reduced in April. -Michael Burry, of 'The Big Short' fame, compared the slowing housing market to 2008 saying it's like 'watching a plane crash'. -This week mortgage rates reached a 13-year high of more than 5%. -One economist said that house prices could drop as much as 40% during the summer of 2022. America's red hot housing market is cooling down fast sparking fears of a housing bust and crippling recession as nearly half of home sale prices are slashed in some areas. After two years of buyers battling paying tens of thousands - or sometimes hundreds of thousands - over asking price to secure homes as millions fled the cities in favor of the suburbs during the pandemic, it appears the boom in over. An increase in mortgage rates, rising house prices and uncertainty around Joe Biden's economy as inflation soars, are contributing factors to the slowdown, according to experts. Weighing in on the market trends, former hedge fund manager Michael Burry of 'The Big Short' fame, said in a now-deleted tweet on May 24, that the falling stocks and slowing home sales, remind him of 2008. Burry tweeted: 'As I said about 2008, it's like watching a plane crash.' Rest of article with details and interesting statistics: [link to www.dailymail.co.uk (secure)] . . in canada still going up like crazy, becasue there is less houses on the market. . |
| Anonymous Coward User ID: 83458474 United States05/28/2022 06:47 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 74117350 United States05/28/2022 06:51 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 83458474 United States05/28/2022 06:52 PM Report Abusive Post Report Copyright Violation | Re: Is the housing boom about to bust? Sellers are slashing prices at levels not seen since before the pandemic amid rapidly cooling market Those selling $600,000 homes in commie cities will flee to small town midwestern areas and bid up all the houses there. Quoting: Butch DeFeo What goes down in some areas, goes up in other areas. :COMMIEMAP2: Already happened. Starting to happen anyway. Have you seen rural Texas near ANY major city? (Near = 45 miles or so) 100% in the last 12 months. 50% in the previous 6 months. |
| Anonymous Coward User ID: 83456335  United Kingdom05/28/2022 07:05 PM Report Abusive Post Report Copyright Violation | Re: Is the housing boom about to bust? Sellers are slashing prices at levels not seen since before the pandemic amid rapidly cooling market too many living beyond their means and right out on a ledge with the mortgage payments |
| Anonymous Coward User ID: 83460113 05/28/2022 07:08 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 82860280 United States05/28/2022 07:10 PM Report Abusive Post Report Copyright Violation | Re: Is the housing boom about to bust? Sellers are slashing prices at levels not seen since before the pandemic amid rapidly cooling market There was a 1 bed 1 bath granny house for sale on no land for 160k. Absolutely fucking ridiculous. Quoting: Anonymous Coward 81002495 I’ve seen them too 800 square feet for 200k No way Jose That's nothing. When I lived in Los Angels in 2008, I saw 800sf cottages in Pasadena selling for $800K. And I know/knew it was even worse in San Fran. |
| Anonymous Coward User ID: 82196108 United States05/28/2022 07:18 PM Report Abusive Post Report Copyright Violation | Re: Is the housing boom about to bust? Sellers are slashing prices at levels not seen since before the pandemic amid rapidly cooling market [link to www.dailymail.co.uk (secure)] Quoting: Anonymous Coward 46765689 Is the housing boom about to bust? Sellers are slashing prices at levels not seen since before the pandemic amid rapidly cooling market as hedge fund manager of The Big Short fame warns 'It's like watching a plane crash' -More than 20% of homes for sale in Philadelphia, Boise, New Orleans and Sacramento had their prices reduced in April. -Michael Burry, of 'The Big Short' fame, compared the slowing housing market to 2008 saying it's like 'watching a plane crash'. -This week mortgage rates reached a 13-year high of more than 5%. -One economist said that house prices could drop as much as 40% during the summer of 2022. America's red hot housing market is cooling down fast sparking fears of a housing bust and crippling recession as nearly half of home sale prices are slashed in some areas. After two years of buyers battling paying tens of thousands - or sometimes hundreds of thousands - over asking price to secure homes as millions fled the cities in favor of the suburbs during the pandemic, it appears the boom in over. An increase in mortgage rates, rising house prices and uncertainty around Joe Biden's economy as inflation soars, are contributing factors to the slowdown, according to experts. Weighing in on the market trends, former hedge fund manager Michael Burry of 'The Big Short' fame, said in a now-deleted tweet on May 24, that the falling stocks and slowing home sales, remind him of 2008. Burry tweeted: 'As I said about 2008, it's like watching a plane crash.' Rest of article with details and interesting statistics: [link to www.dailymail.co.uk (secure)] . Good. A lot of these people who FOMO will be underwater and foreclosed on. |
| Anonymous Coward User ID: 80039401 United States05/28/2022 07:18 PM Report Abusive Post Report Copyright Violation | |
| HealthFreedomfighter
User ID: 47022455 United States05/28/2022 07:20 PM Report Abusive Post Report Copyright Violation | Re: Is the housing boom about to bust? Sellers are slashing prices at levels not seen since before the pandemic amid rapidly cooling market Graphic from Daily Mail article on percentage of homes for Sale that have dropped their asking price. https://imgur.com/a/PsQbaWfFreedomfighter |
| chrisgoz
User ID: 80734975 United States05/28/2022 07:21 PM Report Abusive Post Report Copyright Violation | Re: Is the housing boom about to bust? Sellers are slashing prices at levels not seen since before the pandemic amid rapidly cooling market The prices are still going up here, with vibrant bidding wars way over the base price. Quoting: tiger1 The problem I see is that the areas these suburbanites are fleeing to, can not withstand the price hike its causing. Majority of rural areas are farm and ranch. Majority are blue color workers. And the massive influx of these idiot city people are causing huge unsustainable financial damage to the economy of these rural areas. It's disgusting and infuriating to watch greed and idiots make more issues for people who actually saw this shit storm coming, and thought ahead and planned accordingly. Like little red hen with her loaf of bread. And all the liberal idiots now want to take it from her because they see the error of their ways. plenty warned those planning ahead of this exodus. so those who fled ahead of time have the right but those smart enough now don't? There's no escape from this. get ready for the transition to nwo |
| Anonymous Coward User ID: 83460113 05/28/2022 07:25 PM Report Abusive Post Report Copyright Violation | Re: Is the housing boom about to bust? Sellers are slashing prices at levels not seen since before the pandemic amid rapidly cooling market [link to www.dailymail.co.uk (secure)] Quoting: Anonymous Coward 46765689 Is the housing boom about to bust? Sellers are slashing prices at levels not seen since before the pandemic amid rapidly cooling market as hedge fund manager of The Big Short fame warns 'It's like watching a plane crash' -More than 20% of homes for sale in Philadelphia, Boise, New Orleans and Sacramento had their prices reduced in April. -Michael Burry, of 'The Big Short' fame, compared the slowing housing market to 2008 saying it's like 'watching a plane crash'. -This week mortgage rates reached a 13-year high of more than 5%. -One economist said that house prices could drop as much as 40% during the summer of 2022. America's red hot housing market is cooling down fast sparking fears of a housing bust and crippling recession as nearly half of home sale prices are slashed in some areas. After two years of buyers battling paying tens of thousands - or sometimes hundreds of thousands - over asking price to secure homes as millions fled the cities in favor of the suburbs during the pandemic, it appears the boom in over. An increase in mortgage rates, rising house prices and uncertainty around Joe Biden's economy as inflation soars, are contributing factors to the slowdown, according to experts. Weighing in on the market trends, former hedge fund manager Michael Burry of 'The Big Short' fame, said in a now-deleted tweet on May 24, that the falling stocks and slowing home sales, remind him of 2008. Burry tweeted: 'As I said about 2008, it's like watching a plane crash.' Rest of article with details and interesting statistics: [link to www.dailymail.co.uk (secure)] . Good. A lot of these people who FOMO will be underwater and foreclosed on. I agree that they are morons but they will cause problems for everyone else when we get 2008 on steroids. |
| Anonymous Coward User ID: 81987444 United States05/28/2022 07:27 PM Report Abusive Post Report Copyright Violation | |
| Jungleboogie
User ID: 83112306 Canada05/28/2022 07:30 PM Report Abusive Post Report Copyright Violation | Re: Is the housing boom about to bust? Sellers are slashing prices at levels not seen since before the pandemic amid rapidly cooling market It will only screw homeowners with $300k+ mortgages. Lots of them will end up underwater where mortgage is worth more than the house. Those silly enough to still be renting will get shafted too. I didn't see much for rent drops in 2008. Correction was very slight. Of course, most of the renters support that "own nothing" bullshit, so when Blackrock and the other corporations jack up their rents they have no one to blame but themselves. Embrace the cognitive dissonance. |
