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
Speculators Are Now Willing To Accept Losses To Dispose Of Their Units
A report from CBS News. "The following is a transcript of an interview with JPMorgan Chase CEO Jamie Dimon that aired Sunday, Dec. 11, 2022. MARGARET BRENNAN: But in this moment we're in right now - you have mortgage rates…
What Worked In The Past Won’t Work Now
It's Friday desk clearing time for this blogger. "'I’ve felt a massive drop,' says Sabrina Must, who in the height of the pandemic could command more than $1,000 per night on a holiday weekend in Encinitas, California but now has…
If A Person’s Equity Falls Into Negative Territory, Lenders Are Unlikely To Take Them On At All
It's Friday desk clearing time for this blogger. "'In this particular market, the metro Detroit market we’re actually seeing home prices dropping. I’m seeing home prices drop by $10,000 a month,' said broker Maynard Neal." "'Now that we’re entering a…
Real Estate Is The Biggest Mafia
A weekend topic starting with the Marin Independent in California. "The median price of a detached home in Marin County fell to $1.675 million last month, nearly wiping out the gains for the year, according to the latest county data.…
There Are Some Really Frustrated Sellers, Because Some Feel Like They Have Missed The Market
A report from Fortune. "That Pandemic Housing Boom coincided with a staggering 42% jump in U.S. home prices between March 2020 and June 2022. Of course, that demand boom hasn't just fizzled out—it's doing a 180: On a year-over-year basis, mortgage purchase applications…
I Don’t Think It’s A Good Idea To Buy When The Knife Is Falling
A report from Time Magazine. "Jim Ewing is an Airbnb host whose social media post about his property’s occupancy rates sparked the original viral tweet about an Airbnb bust. He’d posted to an 'Airbnb Superhosts' Facebook group about his struggles.…
Realtors, Stay In Your Lane
https://www.youtube.com/watch?v=pFmEheQYRnU https://www.youtube.com/watch?v=7p-r0TUVR9s https://www.youtube.com/watch?v=HUzFSSBIYsM https://www.youtube.com/watch?v=X_NqbGSQwH8
A Governmental Fiefdom Of Alleged Philosopher-Kings Sowed The Wind And Are Now Reaping The Whirlwind
A weekend topic starting with the Colorado Sun. "Back in 2015, the median sales price for a house in Colorado was $285,000, according to the Colorado Association of Realtors. Between January and September, the median price averaged $575,000. 'As you…
Buyers Can’t Qualify Or Afford, And Probably Don’t Want To Catch Falling Knives Anyway
A weekend topic starting with the LA Daily News. "Q. Am I wrong to suggest that prices are already falling sharply, we just can’t see it? Wolf: I don’t think falling home prices are widespread yet, but there are absolutely…