What’s Known As A Ponzi Scheme
https://www.youtube.com/watch?v=9XES1IGINuk https://www.youtube.com/watch?v=idNDv3oDvw8 https://www.youtube.com/watch?v=VG4gElT1q7E
There Is A Bubble To Burst
A report from Reuters. "First Republic Bank faces dwindling and tough options to turn around its business with the creation of a 'bad bank' or asset sales possibilities, a source familiar with the matter said, after the lender disclosed it…
Sellers Were Overpricing Because They Could Get It
https://www.youtube.com/watch?v=yPAs0FfXS3s https://www.youtube.com/watch?v=zZWoVegZRoI https://www.youtube.com/watch?v=5eYXOAWZ0z0 https://www.youtube.com/watch?v=nZjRsEmOiqY https://www.youtube.com/watch?v=iBiSwleTClQ
We’re In A Buyers’ Market, The Price Being Asked Becomes Irrelevant
A report from the Orange County Register in California. "Orange County’s more affordable housing has been hit harder by the home-price collapse coming off May 2022’s pandemic-fueled bubble. The countywide median selling price was $950,000 in January, according to CoreLogic.…
Accept Losses Instead Of Shouting For Help
It's Friday desk clearing time for this blogger. "The Greater Boston Association of Realtors released a report indicating that the number of active listings was up across the board in the region last month. 'Buyers were hard to find over…
I Thought I Would Be Just Fine As Long As I Could Get A Loan
A report from the New York Post. "The nation’s housing slump dragged on into January as home sales fell for the 12th consecutive month to the slowest pace in more than a dozen years. The median home price is down…
If You Don’t Want To Get Stuck, Those Who Have Invested At The Top Should Boldly Cut Their Losses As Quickly As Possible
It's Friday desk clearing time for this blogger. "Today iBuyers are the ones getting shafted. Laurie Tayrien and her husband bought a home in Phoenix for $485,000 in November. Only five months earlier, Opendoor had purchased it for $646,800. That's…
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…
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…