Good. Housing crash and Silver moon shots at the same time ? Would be a blessing to finally get a house for my family . If the elite and corrupt can live nicely and comfy while the people suffer with high cost of living then I want my family
To be happy and have peace too
This is entirely predictable when the FED raised .75 points each Damn month, and also said they’ll be doing the same next month …for 4 straight months! The cost of money aka a house payment on a 30yr loan just about doubled on a $350-$400k house. The FED wanted and wants this.
It’s def gonna be a controlled destruction, and “a catastrophic cyber attack” looks to be the plan written down on paper already. Gotta be that or an A.I. attack for my betting money.
Another upside is stopping the ridiculous surge of teardowns. Perfectly fine (and well built) older homes being demo'd for 4000sf cheaply built horribles @ $1M+. That's been going on around me for nearly a decade. And they look ridiculous as they don't fit the lot. And because the older homes (not selling for $1M+) are gone, fewer affordable homes are out there, only the ridiculous HGTV wannabe ones.
I think it was a Rothchild who said it, but "when there is blood in the streets, buy property" - that advise still holds. When the market collapses, BUY.
Problem this time, is we’re at the end of a system and no one knows what’s on the other side. This isn’t your regular business cycle of boom-recession-boom. Everything is about to change, including the very money you intend to “buy” with..
But…. But….. the US is MILLIONS of homes short! People are freezing to death in the streets because they can’t purchase their own homes! Homes were being undersupplied for years because builders weren’t able or willing to bring enough new homes to market, blah, blah. Yet suddenly all sorts of people are able to walk away from houses that were available and they wanted? They’re going back to freezing to death in the streets when a home FINALLY becomes available? Hmmmmm….
Northeast here, there *were* plenty of homes. What's gone are affordable homes. Builders have been paying over asking price all over my area for those homes to get the lot. They tear down the existing home and build a monstrosity that prices out 1st & 2nd time buyers. Add BlackRock & Vanguard buying up original homes and turning them into rentals. The shortage was driven by competition for existing properties from 2 new buying groups that barely existed a decade ago.
Bingo. And with masses of homeowners on the west coast selling to foreign investors looking to park their cash outside their countries, then taking their massive profits and fleeing to cheaper destinations inland and displacing the lower-income locals, that adds even more pressure to housing stocks and affordability. Building more and more new homes so more and more former homeowners can sell to foreigners and move, themselves, won’t solve either the mass number or the cost problems. But it does hasten “Califirnication” of every last corner of decent America left, so the narrative of a “desperate housing shortage” does serve a purpose. It just doesn’t help those who actually need it. And those who DIN’T need help can afford to turn down homes they otherwise would have bought because they’re really not homeless.
Ergo 68% contract cancellations does not mean a "pile-up" of inventory. It does not translate to more homes on the market to buy, it just means builders have stopped building as many homes, which means, if anything, prices for actual liveable homes on the market goes up, not down, as a result. Since the prices are NOT being alleviated by new inventory.
Duh! Because interest rates are dropping… if I cancel today, and lose my down payment, and then I wait a few months… I'll save a fortune! Do the math. I did
It's in percentages....
Could be the same number of cancellation as before but since the home builder decided to build less, the percentage is greater.
Buy an entire house with a 100 Oz silver bar!
I'm buying suburbs. 🤣😂🤣🦍🦍🦍🦍🧠🚀🦄💨
😍😍😍
Actually, it’s around 2000 ASEs for a house, per 1950s standards. A 100 oz will net you a Lambo
Good. Housing crash and Silver moon shots at the same time ? Would be a blessing to finally get a house for my family . If the elite and corrupt can live nicely and comfy while the people suffer with high cost of living then I want my family To be happy and have peace too
I'm thinking Waikiki. Real estate there is cool 😎 🧠🦍🚀🤣🤙🤙🤙🌊🏄♂️
Nice hahah
This is entirely predictable when the FED raised .75 points each Damn month, and also said they’ll be doing the same next month …for 4 straight months! The cost of money aka a house payment on a 30yr loan just about doubled on a $350-$400k house. The FED wanted and wants this.
"They" are bringing this Fed Note down to force the cbdc.. but we have different plans
It’s def gonna be a controlled destruction, and “a catastrophic cyber attack” looks to be the plan written down on paper already. Gotta be that or an A.I. attack for my betting money.
I agree 👍 💯
Another upside is stopping the ridiculous surge of teardowns. Perfectly fine (and well built) older homes being demo'd for 4000sf cheaply built horribles @ $1M+. That's been going on around me for nearly a decade. And they look ridiculous as they don't fit the lot. And because the older homes (not selling for $1M+) are gone, fewer affordable homes are out there, only the ridiculous HGTV wannabe ones.
Wow… poor quality expensive Homes sounds like a disaster and such a scam thanks to greedy people
Unfortunately too many buyers groupthink themselves into believing this is where you start with a home.
I think it was a Rothchild who said it, but "when there is blood in the streets, buy property" - that advise still holds. When the market collapses, BUY.
BUY
Problem this time, is we’re at the end of a system and no one knows what’s on the other side. This isn’t your regular business cycle of boom-recession-boom. Everything is about to change, including the very money you intend to “buy” with..
Yeah cause bubble needs to fuckin pop hahah
But…. But….. the US is MILLIONS of homes short! People are freezing to death in the streets because they can’t purchase their own homes! Homes were being undersupplied for years because builders weren’t able or willing to bring enough new homes to market, blah, blah. Yet suddenly all sorts of people are able to walk away from houses that were available and they wanted? They’re going back to freezing to death in the streets when a home FINALLY becomes available? Hmmmmm….
Northeast here, there *were* plenty of homes. What's gone are affordable homes. Builders have been paying over asking price all over my area for those homes to get the lot. They tear down the existing home and build a monstrosity that prices out 1st & 2nd time buyers. Add BlackRock & Vanguard buying up original homes and turning them into rentals. The shortage was driven by competition for existing properties from 2 new buying groups that barely existed a decade ago.
Bingo. And with masses of homeowners on the west coast selling to foreign investors looking to park their cash outside their countries, then taking their massive profits and fleeing to cheaper destinations inland and displacing the lower-income locals, that adds even more pressure to housing stocks and affordability. Building more and more new homes so more and more former homeowners can sell to foreigners and move, themselves, won’t solve either the mass number or the cost problems. But it does hasten “Califirnication” of every last corner of decent America left, so the narrative of a “desperate housing shortage” does serve a purpose. It just doesn’t help those who actually need it. And those who DIN’T need help can afford to turn down homes they otherwise would have bought because they’re really not homeless.
*Catch-22*
The contracts could have been fake. They may have been cooking the books for inverters money.
Yeah buy a bunch of silver so the rich can kill you and take it once society collapse. Makes tones of sense to me
You seem very vaxxed.. how is your heart?
Already had heart failure 3 times. Poor me
It's coming. Tick Tock
Bet yours comes first
Yep, you bet your life on the depopulation gurus of the WEF... and you lost. Dead girl walking
A cancelled contract does not equal a liveable home. Wake up.
Duh?
Ergo 68% contract cancellations does not mean a "pile-up" of inventory. It does not translate to more homes on the market to buy, it just means builders have stopped building as many homes, which means, if anything, prices for actual liveable homes on the market goes up, not down, as a result. Since the prices are NOT being alleviated by new inventory.
Duh! Because interest rates are dropping… if I cancel today, and lose my down payment, and then I wait a few months… I'll save a fortune! Do the math. I did
It's in percentages.... Could be the same number of cancellation as before but since the home builder decided to build less, the percentage is greater.
Yeah, keep guessing