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The Builders Are Running Scared And The Inventory Has Them Freaked Out

https://www.youtube.com/watch?v=PDCo_yvd3mE

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This Post Has 9 Comments

  1. From the first 11 minute video:

    Price Collapse Coming? Nashville Housing Analytics
    Ethan Flynn, CPA | Real Estate
    Oct 22, 2022 Analytical approach to the Nashville Tn Housing Market. We look at trends in active listings, median price, mortgage rates, contracts, rent rates.

    The second 3:26 video:

    Utah real estate update October 2022-Utah Real Estate Update
    Inside And Outside Salt Lake City Utah
    Oct 22, 2022 In this video, we will give you an update of Salt lake and Utah County’s Utah Real estate update for October 2022.

    The third 14 minute video:

    Seattle Housing Has Fallen..?
    Kevin Strong
    Oct 22, 2022 Seattle Housing is setting up for a big pull back.

    The last 14 minute video that wouldn’t embed for some reason:

    Housing Market in Dallas Texas! [NEW CONSTRUCTION MARKET CHANGES!]
    Oct 22, 2022 So your thinking of moving to Dallas Texas? You may have heard the Housing Market in Dallas Texas is changing, well one area where these changes are very apparent is new construction homes in Dallas Texas. The Builders are running scared and the inventory has them freaked out a little bit. So in this video, we will discuss what the market is like for new build homes and some of the lengths New Home Builders are going to get this inventory off their books as the economy prepares for a recession.

  2. “Nowadays you get better value at hotels. [Don’t] have to do laundry and have room service. Airbnbs charging $200-400 cleaning fee and I’m still required to take the sheets off the bed? lol. Wait ’til the mortgage on these properties becomes economically unviable with new rates,” wrote another.

    “Maybe everyone’s getting tired of paying more than a hotel and then having to do chores for someone else? I’m not going on vacation to do DISHES and LAUNDRY. F**k Airbnbs!” a similar comment read.

    https://www.news.com.au/travel/travel-advice/accommodation/no-bookings-at-all-airbnb-hosts-panic-as-guests-slam-cleaning-fees-and-chores-lists/news-story/87d64010e1c27870cfaab9323a5c0481

  3. Nova Scotia’s power price freeze could delay coal phase-out: observers

    Scott Balfour, president of Emera Inc. EMA-T, the utility’s parent company, said an annualized rate increase of 0.6 per cent won’t even keep pace with inflation, let alone allow the utility to make the investments necessary to meet provincial requirements to close and replace coal-fired power plants by 2030. He said the utility informed the federal government it is pausing work on the Atlantic Loop, a proposed expansion of regional transmission infrastructure intended to facilitate more clean energy generation throughout the Maritimes.

    “Half a billion dollars of investment that Nova Scotia Power was going to make in 2023 and 2024 is now not going to happen as a result of this legislation,” he said.

    “The path to be able to close those coal plants by 2030 was always very challenging,” Mr. Balfour added. “Frankly, right now, I don’t see a path.”

    https://www.theglobeandmail.com/business/article-nova-scotias-power-price-freeze-could-delay-coal-phase-out-observers/

    1. By the time interest rates reach double digits the non-government construction projects won’t pencil-out. In addition, there’s currently so many empty office buildings due to COVID and WFH that it’s difficult imagining investor interest in the sector.

  4. Netherlands home prices drop 0.7%; Biggest month-on-month decrease since May 2013
    NL Times|3 hours ago
    The fall in Netherlands home prices kicked up a notch in September. According to Statistics Netherlands (CBS), home prices were, on average, 0.7 percent lower in September than a month earlier – the most significant month-on-month decrease since May 2013.

  5. New-home prices in China suffered their steepest decline in more than seven years in September​, even as the government rolled out more policies to boost the embattled property sector and stimulate home-buyer demand.

    Average new-home prices in 70 major cities in ​September fell 2.​30​% from a year earlier, after declining 2.10​% in ​August, according to Wall Street Journal calculations based on data released ​Monday​ by China’s National Bureau of Statistics.

    https://www.msn.com/en-us/money/realestate/china-new-home-prices-drop-by-most-in-more-than-seven-years/ar-AA13iJFo

  6. A progressive member of the Seattle City Council who was a leader in the effort to defund the police in Seattle over the last few years is slamming the cops for “failing to investigate” multiple instances of feces being thrown into her yard.

    Seattle City Councilmember Kshama Sawant said: “There is obviously a glaring inconsistency between this approach and the way in which former Mayor Durkan, after a peaceful Black Lives Matter protest was held a short distance from her mansion, was provided with a 24-hour stakeout for a full year.

    “As a socialist City Councilmember who has participated in Black Lives Matter protests, I am being told that my case of six threatening incidents involving human excrement doesn’t merit even a serious investigation, let alone protection.

    The police said:

    “Friends of the victim were watching the home when the suspect threw a plastic bag, containing several individual bags of suspected human feces, into the yard.

    “The friends confronted the suspect and snapped multiple photos as he ran away. Witnesses described the suspect, pictured below, as an Asian man, approximately 5-foot 4-inches tall.

    https://magaconservatives.com/seattle-dem-who-led-defund-police-effort-slams-cops-for-not-protecting-her-from-feces-thrower/

    1. “Seattle City Councilmember Kshama Sawant…”

      An imbecile.

      *A person of moderate to severe mental retardation having a mental age of from three to seven years and generally being capable of some degree of communication and performance of simple tasks under supervision. The term belongs to a classification system no longer in use and is now considered offensive.

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