Is the housing boom about to bust? Sellers are slashing prices at levels not seen since before the pandemic amid rapidly cooling market

are they armed as well as angry...this will not end....without popcorn

Precisely.

Values soaring, so taxes go up.

But prices dropping.

I'm waiting for prices to tumble like bricks. During the last cycle, there were 1/2 million dollar homes going for 30k. I will be buying my second home with cash. That is unless a hamburger goes up to 300 bucks and gas up to 20 a gallon which is likely with this criminal regime in power.

I see a clear plan.
Starts with Low-interest rates.
Pandemic (artificial), no construction of new homes.
Rising house prices - as a result.
Entice people to "get their money out" with an ultra-low interest rate (<2%) on second mortgages. I was getting 2-3 fliers per DAY for a long time. They clearly targeted owners with 40% and higher equity.

Tank the economy. Inflation. Raise food, fuel, and vehicle prices by huge percentages. These are everyday necessities.
Create 20+% unemployment. (That's also coming). Therefore, the wages of those who still have jobs are stagnant, yet prices are rising.

People cannot service the first and second mortgages together.

They get foreclosed, and lose their house.
Bingo...

No it's NOT a coincidence. It's a PLAN.

Dummy, you'll most likely end up getting shanked behind the bar some night just to bleed out in the gravel during a pouring rain.

There's a lot of argument about this, people saying we won't see a crash of the housing market like in 2008 because the banks are solvent. I think it's going to be as bad or worse. Like you said when people can't pay their mortgage because food and gas are too expensive then something has to give. Will there be a fire sale on homes or will Blackrock buy them all to rent out that's the question.

2008 all over.

Except this time everything rose rapid because of government PPP loans, stimulus checks,and a doa supply chain.

Is blackrock going to pay the local taxes?

I think they'd be coughing up a lot of money....

It is getting close to time to burn Blackrock to the ground. They and Vanguard and State Street have committed crimes against humanity.

Peter Schiff was saying a week ago that even Blackrock may have to liquidate some of their homes if things get bad enough.

I still think homes are going to decline considerably, but that doesn't mean they will be easier to buy. Lower prices doesn't always mean "easy to buy". Lenders may not lend at all, and perhaps only those with huge piles of cash will be able to buy a home. Of course, location is another big thing to consider and not all will be the same.

Tell us more, Butch

N GA land near me going for 22k a acre. Housing still high an d no price cuts at all. I think OP is talking about democrat run shit holes because everyone is leaving no buyers left.

the fed is intent on inflating away the debt.

this will definitely piss china off too who owns over $1T of US debt

there is no other way around this. we may have some deflation and depression and then fed will reverse rates to stimulate.

June should be a really interesting month. If the Fed actually follows through, the stock market is going to crash and mortgage rates could hit 7-8%.

Yes, the market got over stimulated during the covid pandemic. Eveyone speculated about the housing crash and cheap repo's and it didn't happen. Instead city peopel relized they could live a better life outside the city and paid top dollar for homes in the country. And, becuase those homes went up in demand,the expectation was that cities homes were still worth more. It didn't help that black rock bought up a lot of lower priced cites homes and created the feeling that homes where on the rise. Now they stopped buying.
And, now some people can't sell their over priced homes, that they probably refinanced to both to stay afloat and to fix up their homes for sale. They are the ones that are going to get screwed.

Also, it wil be a long time ore coutnry homes see hgh demand again.


Hate to bring it up but a lot of trainings are being done on line now. And, that is fine and good if the participant/ student is paying attention,however as we saw with the Uvalde Massacre, online tainings are ineffective when it counts.

What I mean, two month earlier the cops attended an online training spacifically for school shootings. However, even the police chief didn;t have a clue how to respond adn it took a 3rd agendcy ( border patrol) to decide to move forward.

The problem with online work and training is people are ont their phoones or on splits screeens and do not apy attention. This does for the dame for students, who have been caught recording themselves and than posting as if they were still online, while they were away playing video games.

I like the concept of online learning, but it is proving to be ineffective in captureing and maintianing participants attention. You almost have to make it so peopel have surprize check in's during trainign to get credit. And, that can piss a lot of people off if they don;t get their credit for spacing out.

I have noticed who does training well online is Uhaul. They have there own personal Uhaul university.Mostly good self paced trainings. that highlight what iti is your really need to know during each section and will be tested on.

I think most regional regular schools training and even government is lagging behind in what some companies are doing ALREDY to train employees.

Here in St. Pete, they are getting anywhere from 5 to 38 offers per home, on the day of Open House. People are fleeing the Tyrannical states who have state income tax, still pushing the Covid Hoax Pandemic and the plummeting real estate values in their current place. They are the ones who are selling at any price just to leave. I heard Florida is getting 900 new residents per day. PER DAY.

Wilcock said in his last video to expect house prices to fall about 50% by sometime around a month and that was a week ago.

They're country bars, not homo urban bars.

now mobile home lot fee from $1 to 2 thousand, rediculous.

Wrong.

Listen to us elders, Grasshopper.

This baby is going to blow way past 2018/2019 and early 1980s.

Hold on to your diapers, whether rural or city.



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bump

I live”west.” It’s no different here - rural - middle of the state.

you should be a screen Writer...l'll get trin to finance the movie ....OPM ....BOI!!!!!

Will there be a fire sale on homes or will Blackrock buy them all to rent out that's the question.


blackrock for the win !!!!

OP...try to keep up up with rest of the flock,,,,baaaaaa.

You mean blow past 2008/2009 and early 1980s??

============

This time it's WAY different.
Inventory is LOW.
Demand is HIGH.
We have all-powerful entities buying up houses just to hold and to rent.

True, interest rates are up.
True, prices are dropping a little in some areas
True, foreclosures are happening

However the forces that take home prices HIGH are more powerful than the forces that take home prices LOW, and will be for a long time.

And yep, people will RUN from the big commie cities, TO the small towns and rural areas and offer BIG MONEY for all available homes, leaving their big commies cities behind.

Blackrock, Vanguard, State Street will UP THEIR GAME, buying more intently than ever....increasing their portfolio of homes.....leaving nothing left for the little guy.

My buddy was flipping condos for years and stopped during the pandemic. There is a condo that he sold for 75K in 2019 that sold for 130K in February. It’s pure insanity. It’s gonna crash.

:AAAWINNINGDONJR2: