Breaking...June new home sales numbers are out...crashing.(video) | |
Anonymous Coward User ID: 78152662 07/27/2021 10:51 AM Report Abusive Post Report Copyright Violation | |
Bloody Peasant! (OP) User ID: 75284939 United States 07/27/2021 10:52 AM Report Abusive Post Report Copyright Violation | Funds are buying properties and leaving them vacant to drive up the price. Quoting: Anonymous Coward 78152662 How long will they hold turds just to lose money? I guess as long as they get free money from the fed. A new Era of zombie homes This business will get out of control. It will get out of control and we'll be lucky to live through it. -Admiral Josh Painter The past was alterable. The past never had been altered. Oceania was at war with Eastasia. Oceania had always been at war with Eastasia. -Orwell Bloody Peasant |
Anonymous Coward User ID: 39516942 United States 07/27/2021 10:54 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 78152436 United States 07/27/2021 10:54 AM Report Abusive Post Report Copyright Violation | |
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Anonymous Coward User ID: 39516942 United States 07/27/2021 11:05 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 74729496 United States 07/27/2021 11:09 AM Report Abusive Post Report Copyright Violation | |
Bloody Peasant! (OP) User ID: 72626661 United States 07/27/2021 02:14 PM Report Abusive Post Report Copyright Violation | I think once forbearance is over, a lot of foreclosures will hit the market. That will soften prices. Quoting: Anonymous Coward 39516942 This is true. There are currently over 2 million mortgages that are 90+ days delinquent. This business will get out of control. It will get out of control and we'll be lucky to live through it. -Admiral Josh Painter The past was alterable. The past never had been altered. Oceania was at war with Eastasia. Oceania had always been at war with Eastasia. -Orwell Bloody Peasant |
Bloody Peasant! (OP) User ID: 72626661 United States 07/27/2021 02:17 PM Report Abusive Post Report Copyright Violation | Hasn't hit prices yet. Lag time for when time to sell increase meets price reductions. Every market will be different just like last time where some markets were hit first hard and fast, while others lagged by 12-18 months before they saw a crash. Example, so cal and Vegas hit first. Seattle and the PNW prices didn't crash until a year later. This business will get out of control. It will get out of control and we'll be lucky to live through it. -Admiral Josh Painter The past was alterable. The past never had been altered. Oceania was at war with Eastasia. Oceania had always been at war with Eastasia. -Orwell Bloody Peasant |
Anonymous Coward User ID: 80463755 United States 07/27/2021 02:18 PM Report Abusive Post Report Copyright Violation | |
humbird User ID: 73158440 United States 07/27/2021 02:24 PM Report Abusive Post Report Copyright Violation | NEW homes. Quoting: Anonymous Coward 80463755 Nobody is building NEW homes because of the ridiculous lumber prices. Exactly!! Existing homes still selling well with higher supply. Prices staying up. a few longer days on.market. Still.a.seller's market. "Aside from the small band of Forteans scattered around the world, nobody seems to notice all aspects of this phantasmagoria." John Keel |
humbird User ID: 73158440 United States 07/27/2021 02:26 PM Report Abusive Post Report Copyright Violation | Way fewer foreclosures coming than after the 2008 crash. And they won't hit the market for 400/days "Aside from the small band of Forteans scattered around the world, nobody seems to notice all aspects of this phantasmagoria." John Keel |
Anonymous Coward User ID: 78811053 United States 07/27/2021 02:28 PM Report Abusive Post Report Copyright Violation | No new homes due to ridiculous lumber prices. Existing homes are too expensive for average Americans and banks are halting lending due to the oncoming credit squeezes. America is toast. China has won and hasn't even fired a shot yet. The whole western financial system is broken on purpose and will shortly collapse in on itself. It will take the whole u.s. army to quell the unrest that will come at some point. |
Anonymous Coward User ID: 78811053 United States 07/27/2021 02:31 PM Report Abusive Post Report Copyright Violation | If they ever end the eviction moratorium and forbearance programs the market will be flooded with foreclosures that will still be overpriced. People can't get new loans to buy them up due to the credit squeeze thats already began. Allows foreigners to buy with cash on hand. You'll be renting from your Chinese overlords. You can thank our government for opening up china under that dirt bag Nixon and all the cronies that followed him. |
Anonymous Coward User ID: 74453227 United States 07/27/2021 02:38 PM Report Abusive Post Report Copyright Violation | My motivation to move, and to do so quickly, was because of this plandemic, and the riots in Minneapolis last year. When I saw the police abandon their precinct and run like cowards from the rioters, I knew that it was time to bug the hell out of there. The only one I can count on saving me from harm is me. I'm guessing home sales in the dense neighborhoods will continue to decline. Those neighborhoods are not where you want to be at this point in time. |
RestoreTheAnger User ID: 73264131 United States 07/27/2021 02:54 PM Report Abusive Post Report Copyright Violation | |
BRIEF User ID: 79662918 United States 07/27/2021 02:58 PM Report Abusive Post Report Copyright Violation | A regular person can barely afford a one bedroom apartment now much less a house. Quoting: Anonymous Coward 74729496 A one bedroom apartment around here is $650/month, which means you should make $650/week... That's $16.25/hr for 40 hrs $13/hr for 50 hrs Teenagers don't need to rent apartments, child labor laws prevent it, so why are you making a child's wage? Last Edited by BRIEF on 07/27/2021 02:58 PM I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
BRIEF User ID: 79662918 United States 07/27/2021 02:59 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 77811278 Canada 07/27/2021 03:01 PM Report Abusive Post Report Copyright Violation | [link to www.zerohedge.com (secure)] Quoting: Bloody Peasant! June home sales have catered. New home sales DOWN 20% YOY to 2011 levels. Against expectations of a 3.7% MoM jump, new home sales plunged 6.6% MoM in June (and worse still May was revised lower from -5.9% to -7.8%) That’s “carshing” here. |
Anonymous Coward User ID: 14375332 United States 07/27/2021 03:04 PM Report Abusive Post Report Copyright Violation | |
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Green Eggs & Ham User ID: 77311748 United States 07/27/2021 03:08 PM Report Abusive Post Report Copyright Violation | Funds are buying properties and leaving them vacant to drive up the price. Quoting: Anonymous Coward 78152662 How long will they hold turds just to lose money? I guess as long as they get free money from the fed. A new Era of zombie homes we should make them eat their losses We're being pecked to death by a duck. |
Anonymous Coward User ID: 80538668 United States 07/27/2021 03:09 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 80447833 United States 07/27/2021 03:21 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 70388854 United States 07/27/2021 03:22 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 80447833 United States 07/27/2021 03:30 PM Report Abusive Post Report Copyright Violation | Assuming a 1500/Month Mortgage payment. 90 days delinquent = $4,500. 2 million of those... 4500 X 2,000,000 = $9,000,000,000 Somebody needs to go all-in on the craps table, choose red and pay that bill. C'mon, Mama needs a new pair of shoes...! Get-Some... |
Don Draper from Nantucket User ID: 57553864 United States 07/27/2021 03:38 PM Report Abusive Post Report Copyright Violation | No new homes due to ridiculous lumber prices. Quoting: Anonymous Coward 78811053 Existing homes are too expensive for average Americans and banks are halting lending due to the oncoming credit squeezes. America is toast. China has won and hasn't even fired a shot yet. The whole western financial system is broken on purpose and will shortly collapse in on itself. It will take the whole u.s. army to quell the unrest that will come at some point. PLATA BITCHEZZZZZZ UPGRADE UNAVAILABLE The Rolling Stones said it best... "What's confusing you is the nature of my game" |
Anonymous Coward User ID: 80254183 United States 07/27/2021 03:39 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 79262481 United States 07/27/2021 03:43 PM Report Abusive Post Report Copyright Violation | Funds are buying properties and leaving them vacant to drive up the price. Quoting: Anonymous Coward 78152662 How long will they hold turds just to lose money? I guess as long as they get free money from the fed. A new Era of zombie homes There are companies now locating local lawn services online to attend to these empty homes. Some companies are calling stateside from canada. similar to Truckers calling a load board to find work. |