We Are Seeing Houses Going Below Asking Price By Significant Amounts
https://www.youtube.com/watch?v=FKu4vhnJKvE https://www.youtube.com/watch?v=9pzMOFzu-rY https://www.youtube.com/watch?v=IRzpfwtzuSM https://www.youtube.com/watch?v=MUjNMmpGKdE
An Annus Horribilis, A Bargain Hunter’s Paradox, Planting A New Garden
A weekend topic starting with Yahoo Finance. "At an event this week at a swanky restaurant atop the Equinox Hotel in Hudson Yards, New York City — the firm's CIO Tony Roth opened evening discussions by arguing '3% is the…
Are We Just Simply Hoping That The Scaffolding Put Up There Is Going To Protect People From Themselves?
A weekend topic starting with the Telegraph. "Stephen Schwarzman, the chief executive of the world’s largest private equity firm, is not someone who takes kindly to criticism. So when Blackstone was last month forced to limit investor withdrawals from its…
The Grinch That Stole Christmas
https://www.youtube.com/watch?v=CvpwDVzUijk https://www.youtube.com/watch?v=9UKPSBRVWpc
Over-Eager Investors Who Took Advantage Of Low Interest Rates Bought Houses At A Premium Under The Impression It Was Going To Be Like That Forever
A weekend topic starting with the Los Angeles Times. "While it's hard to predict what comes next, economists said it's doubtful rates will fall back to 3% or below anytime soon. That's in part because such rock-bottom rates were the…
Defaults On The Rise, Buyers Can’t Close
https://www.youtube.com/watch?v=ugeVnomR40o https://www.youtube.com/watch?v=JYF2dSGn94Q https://www.youtube.com/watch?v=Xh8Eka1Kt-s
There Was A Shift Where People Stopped Thinking Prices Would Just Keep Rising
A report from the Herald Tribune in Florida. "'Sellers are listening more to their agents and being more realistic with asking prices,' noted Ellen O’Day, the managing broker for two of our Coldwell Banker Realty offices in Sarasota." The Los…
The Allure Of Easy Money Never Fades, Especially For Those Who Benefit The Most
A weekend topic starting with Business Insider. "Prepare for house prices to slump, unemployment to spike, and the US economy to slip into recession, Kenneth Rogoff has said. The Harvard University economist issued his dire outlook during a Fox Business…
What They Don’t Want You To Know
https://www.youtube.com/watch?v=GcZv1qiui4I https://www.youtube.com/watch?v=iBq9c8axc7I https://www.youtube.com/watch?v=iXD5zVnCGPo https://www.youtube.com/watch?v=6-OwiK7OMic https://www.youtube.com/watch?v=ujV0a4Ak1XA
Pay Less Attention To, Or Even Ignore, What Sellers Are Asking For
It's Friday desk clearing time for this blogger. "'The phone’s barely ringing,' said real estate agent John Silva of John Silva Realty & Associates in Orlando. 'Those high, skyrocketing prices we saw months ago, they aren’t moving anymore. They’re just…