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Oh That Real Estate Bubble

This Post Has 16 Comments
  1. From the first 7 minute video:

    North Texas Home Prices Are Falling – Reality Sinks In
    Sep 15, 2022 North Texas home prices are falling. Reality sinks in as the post-pandemic housing bubble continues to deflate. Mortgage rates reach new highs for 2022, keeping demand for expensive homes in the deep freeze. Home prices in the Dallas Fort Worth area (along with jobs in the real estate and mortgage sector) are getting sacrificed at the altar of failed monetary policy.

    For more information on the North Texas real estate market, including professional representation for buyers and sellers, contact Aaron Layman Properties.

    The second 9 minute video:

    70% Correction! OVERPRICED BOISE. Buyers market is returning Sep 16, 2022 70% Correction! Boise is OVERPRICED. Buyers market is returning

    Boise, Idaho Real Estate market updates. The Fed is expected to hike Mortgage interest rates by .75 percentage point. Could we see 8% by the end of the summer? Is it time to sell or buy real estate in this market? The federal reserve is attempting to curb inflation, but the consumer price index rose 8.3 % as of the latest reports. Dow jones and the stock market is down and mortgage rates are still headed up. Moody analytics is reporting that Boise, Idaho has a 73% overvaluation. Many are calling for a economic collapse and a housing bubble to burst. What are you thoughts? Hopefully we were able to explain how mortgage interest rates affect buying and selling real estate in this video. Numbers are local to us. We are located in Ada county Idaho (Boise) The 30% correction is here and growing. Lennar Homes is cutting prices, Venta Homes is seeing 35% price reductions. Blackrock Homes is cutting sells price as well. Redfin is calling for a 70% Correction.

    The third 11 minute video:

    Upside Of Austin’s Down Market
    Living In Cedar Park & Leander Texas
    Sep 15, 2022 The video is about the UPSIDE of Austin’s DOWN market. I answer the question, Is Austin in a down market and then point out 4 benefits to today’s home buyers.

    Serving all the North Austin area including Round Rock TX, Georgetown TX, and Liberty Hill TX.

    The last 7 minute video:

    Oh That Real Estate Bubble
    Peter L. Ward
    Sep 15, 2022 Adrienne sings an original song at the Jackson Hole Hootenanny at the Jackson Hole Center For The Arts on September 12, 2022. The Chorus: Oh the real estate bubble – it’s going up to the sky. When will it pop– where is the top? Somewhere in the sweet by-and-by.

  2. ‘Meanwhile, residents of Martha’s Vineyard have suggested housing some of these migrants at the former president’s estate. “The people who live there are rich and removed from real life,” longtime Martha’s Vineyard resident Jane Chittick told The Post, labeling them all “phonies.” “These people will love the fact the immigrants have been dropped off on their island, because now they can feel like part of the solution, helping these few people. But they’d never let them into their houses unless they were working.”

    https://nypost.com/2022/09/16/all-the-luxury-marthas-vineyard-homes-available-for-migrants/

    1. Christina Pushaw, a spokeswoman for Ron DeSantis’ campaign, called out the Dems who are unhappy the wealthy residents of Martha’s Vineyard are being forced to live with the policies they voted for.

      The left has been in a total meltdown over Ron DeSantis sending 50 migrants to Martha’s Vineyard but yet say nothing when poor, minority border communities are forced to deal with thousands of migrants per day.

      So Pushaw reminded them they have plenty of solutions, like opening up their rich summer homes to the migrants. She said: “Wow! This Martha’s Vineyard Democrat doesn’t seem very welcoming or progressive. We don’t have housing for 50 immigrants.”

      “Uh, don’t the Obamas have a 10 bedroom mansion there? That will fit half of them. “Martha’s Vineyard claims to be a “sanctuary” jurisdiction that welcomes illegal aliens. “Most of those multi-million dollar mansions are summer homes that are vacant most of the year.

      “They can be used to house thousands of illegal migrants. “Time to walk the walk, Biden voters.

      https://magaconservatives.com/desantis-spox-tells-obama-to-let-migrants-stary-in-his-marthas-vineyard-mansion-time-to-walk-the-walk-biden-voters/

  3. For the last several weeks, Bill Walton, the basketball legend, Grateful Dead fan and avid bicyclist – perhaps San Diego’s most famous resident – has been sending Mayor Todd Gloria emails about the homeless crisis in San Diego.

    He’s extremely frustrated.

    “you have failed, us and yourself,” he wrote in one, Sept. 2, in a lower-case spoken-word style. He complained of bad personal encounters he had.

    “once again, while peacefully riding my bike early this Sunday morning in Balboa Park, I was threatened, chased, and assaulted by the homeless population, in our Park,” he wrote Aug. 28. “once again, you’ve done, and continue to do, nothing.”

    “you speak of the rights of the homes, what about our rights, we follow the rules of a functioning society, why are others allowed to disregard those rules,” Walton wrote, Aug. 24. “your lack of action is unacceptable, as is the conduct of the homeless population.”

    https://voiceofsandiego.org/2022/09/16/you-have-failed-us-and-yourself-bill-walton-has-had-it-with-the-mayors-approach-to-homelessness/

    1. Mayor Todd Gloria

      Looked him up on wikipedia:

      A member of the Democratic Party, he is the first person of color[a] and the first openly gay person to serve as San Diego’s mayor.

      San Diego voters, you got what you voted for, good and hard.

      Is there a major metro left in the US that isn’t Dem controlled and thus a sh!thole?

  4. The most telling takeaway from the Denver City Council’s decision Monday to set up yet another tent camp for street drifters? It was the revelation, as noted in The Gazette’s report on the council vote, that homelessness in the city rose again last year. It grew by 13% over a year earlier — just as the city’s camps were rolling out the red carpet.

    You don’t suppose there’s a connection? If the council’s objective is to attract more vagrants, the camps are a smashing success.

    The tent camps, by contrast, almost exclusively cater to habitual, hardcore itinerants. For them, life on the streets — and typically the drug and alcohol dependency that goes with it — is a choice. Most of them routinely refuse all offers of overnight shelter, jobs or rehab. After all, they don’t wish to get back on their feet. They don’t want to clean up their act.

    But they are glad to take a handout if it enables their lifestyle and accommodates their addictions with no questions asked. And City Hall, for some reason, feels obliged to play along.

    Hence, another “Safe Outdoor Space,” as City Hall has dubbed the program, this time in the Arie P. Taylor building’s parking lot at 4685 Peoria Street, north of Interstate 70. It’ll be another city-funded-and-maintained camp run by a subcontractor, providing “campers” with heated tents, bathrooms, laundry services, internet access, food donations, dental care, food stamps, COVID-19 testing, community service opportunities and services for finding permanent housing. The site will support up to 60 tents.

    For all the expense and trouble, the people who stay in the camps, by and large, will remain just as addicted; just as unemployable; just as incapable of ever renting their own place to live. They’ll continue to get in regular scrapes with the law; to party in city parks and to use the bushes next to your kids’ favorite playground as a latrine. Don’t mind their discarded syringes.

    https://www.coloradopolitics.com/opinion/denver-gazette-save-us-all-from-safe-outdoor-space/article_b934aaa8-35d1-11ed-8364-c75a1f08d1da.html

    1. “To be fair, the street dwellers who overtake Denver’s parks, sidewalks and highway off-ramps with their alcohol and drug abuse, petty crime and panhandling, are only one small segment of the homeless population. But the point that escapes the council is if you build it, they’ll come.”

      “If you build it, they will come.”

      I like it, I love it, I want more of it. Wherever they go, there they are. If Denver wants them leave places such as where I live to travel to Denver then Denver has my blessing.

      It’ a win-win: Denver gets what it wants, and so do I.

      1. Being homeless in Colorado strikes me as an odd choice, as it can get quite cold in the winter. Then again, I’m not a drug addicted hobo thug, so what do I know?

    2. “Most of them routinely refuse all offers of overnight shelter, jobs or rehab. After all, they don’t wish to get back on their feet. They don’t want to clean up their act.”

      That’s the hard and tragic truth that the public doesn’t want to hear. That’s because we want to believe ALL of these street dwellers want to get out of their situation. Not necessarily true. If you offer them free fish, they ALL come running. But if you offer them free fish under the condition they enter a program to learn how to catch their own fish, most of them scatter like leaves in the wind. Sad.

  5. Now that “Latinx” as a term has cratered, the leftists are trying “Latine” instead. Not sure how it’s supposed to be pronounced. Lahteen? Lataine?

    Anyway, I expect this too will crater.

    1. 👍 Ridiculous. So happy to see others realize our “betters” mean us harm, and playing with words furthers their goal.
      Steve Kirsch was asking about the ways people managed to convince others that the vaccine was harmful. That’s a walk in the park compared to the larger concept that their ultimate goal is to see us all dead, sparing a few to serve them. When you say that, that’s when people really start calling you crazy. I don’t see why people find that so hard to believe.

        1. Yeah, he’s unbelievable. He’s an ugly weasel who resembles Bat Boy from the Weekly World News. Obama and his ilk admire him because they’re sheeple too, and thrill over whoever their betters tell them to. Not impressed by his utterances or anything I’ve read about him, appalled by his hatred for humanity. I hope he’s fully vaccinated (doubt it.)

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