Massive Price Cuts Happening Each Day
https://www.youtube.com/watch?v=T7b719xrnK0 https://www.youtube.com/watch?v=bhdLL-avsnc
Are We On The Same Trajectory If 2020 Didn’t Happen, If 2021 Didn’t Happen, If 2022 Didn’t Happen?
A weekend topic starting with Deutsche Welle. "100 years ago, prices in Germany were soaring by 50% each month, a loaf of bread cost millions of mark. How did the young republic rein in inflation? When the young republic was…
With Fear That Real Estate Prices Will Drop Without Stopping, Investors Can Tell Themselves To Sell Quickly To Cut Their Losses
It's Friday desk clearing time for this blogger. "Markets like Phoenix and Las Vegas, which saw a boom in sales during the pandemic, are now experiencing a glut of homes for sale, said Jeff Tucker, senior economist at Zillow. 'There…
Modern Monetary Theory Is True, As Long As Nobody Believes It’s True
A report from the Union Tribune in California. "San Diego County's home price has dropped for the sixth month and is close to erasing all yearly price gains. Jeff Grant, owner and agent with Sand & Sea Investments, has a…
The Times Of Too High Price Mean Almost Everything Will Be Believed For A Little While
A report from the Dallas Morning News. "'There’s no doubt about it, the market is slowing down from a very high peak,' said Texas A&M economist Jim Gaines. Homebuilders also saw a dramatic decline in sales that led them to…
There Were All These High Hopes And Now Everything Is Stuck
A report from the Boston Globe in Massachusetts. "For the two decades Erika Patino’s parents owned their modest two-family in Hyde Park, the house was a rock for them, their ticket to economic stability. As federal and state rental assistance…
The Craziness Will Go Down In History As A Once-In-A-Generation Boom That Was Not Sustainable
It's Friday desk clearing time for this blogger. "In June 2021, when the cryptocurrency markets were soaring, the developers of the Arte condominium in Miami’s Surfside neighborhood announced that a buyer had purchased a penthouse there for $22.5 million in…
The Latest Sign That The Climate Of FOMO Has Swiftly Turned To Regret
A report from Reuters. "U.S. single-family homebuilding tumbled to a 2-1/2-year low in November and permits for future construction plunged. It put residential investment on track to contract for the seventh consecutive quarter, which would be the longest such stretch…
New Homes Are Taking A Hit!
https://www.youtube.com/watch?v=US1hhP88jP0 https://www.youtube.com/watch?v=uolRA-Avi2U https://www.youtube.com/watch?v=oPn78_LAHIw https://www.youtube.com/watch?v=Ya0ax7ldoSI
Short Term Rentals Are No Longer Viable
https://www.youtube.com/watch?v=7Q6Hhr7uM7k https://www.youtube.com/watch?v=ReivLUGHeWU https://www.youtube.com/watch?v=ikCOSp13iW4 https://www.youtube.com/watch?v=EsmxYkuWWP4