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How Long Will Prices Keep Dropping?

This Post Has 23 Comments
  1. From the first 2:18 video:

    Boise, Idaho Real Estate Market Update: September 23, 2022 – Y’All – the Market Shift is Happenin’!
    Jonna Weber
    Sep 23, 2022

    The second 2:41 video:

    Hollywood Hills Housing Market Update – September 2022
    Ben Belack Group
    Sep 23, 2022

    The third 3 minute video:

    HOW LONG WILL PRICES KEEP DROPPING? | Real Estate (2022)
    Neal Weichel
    Sep 23, 2022 It’s strange how 6 short months ago I was reporting to you that we couldn’t possibly predict when the crazy price INCREASES in Real Estate would stop. Today the topic is 180 degrees the opposite – when will price REDUCTIONS stop? Isn’t that interesting? As human beings we often over react to what is happening around us and make poor decisions because of it. Price reductions will slow and stop just like the appreciation did and maybe sooner than a lot of people think. Why? Watch!

    The fourth 10:40 video:

    Lake County, Fl. Housing Market Update August 2022
    Sep 23, 2022 The Lake County Fl. Housing Market has changed year over end and the numbers are telling.

    In this monthly report, we look at the current average days on market, what the medium price point is currently, and compare data on what homes sold for versus the list price.

    The data still shows it to be a seller’s market, albeit not as strong as a year ago. Homes are by and large selling below listing price so the takeaway is to have a solid marketing plan as well as make sure the basics are covered like professional photography and doing minor repairs that can appeal to any buyers.

    The fifth 16 minute video:

    Nashville Housing Set For Epic Crash | 2023 Forecast
    Ethan Flynn, CPA
    Sep 24, 2022 Analytical approach to the Nashville Tn Housing Market. We look at trends in active listings, median price, mortgage rates, along with a 2023 Forecast

    Nashville Housing Market Update specifically charting daily changes in Davidson/Williamson County ~50% of Nashville MSA.

    The last 17 minute video:

    Central Banks Want People to Lose Their Jobs
    Steve Saretsky
    Sep 24, 2022 The US Federal Reserve raised rates another 75bps. Powell says the housing market needs a reset and that people will need to lose their jobs in order to get inflation down. Inflation in Canada continues to show evidence that it has peaked and is going to head lower in the coming months.

      1. If setting up a tollbooth on everyones front porch weren’t a business, these same people would performing the same tasks as pimps, floozies and pickpockets.

    1. “I know people tend to shudder at that thought, but it actually does get people off of the streets,”

      An even better idea: build a small town about 30 miles east of the airport. Provide every junky with food, a shack with a bed, and don’t police drug use. Remove the OD’d every morning, cremate them and spread their ashes.

  2. To successfully ramp up Californians’ reliance on electric vehicles over the next decade without overtaxing the state’s power grid, more drivers will need to charge their cars during the day, a Stanford study has found.

    EV owners are likely to be in high income brackets and to charge their batteries at home overnight — often taking advantage of incentives offered by power companies to do so. If those charging habits persist as EV use greatly expands, peak electricity demand could be increased by up to 25%, the researchers found.

    https://www.latimes.com/california/story/2022-09-24/california-electric-vehicles-daytime-charging-power-grid-study

    1. as EV use greatly expands

      The dirty secret: it won’t greatly expand. Joe 6 Pack will never drive an electric car because the supply will be limited due to a lack of batteries and thus the prices will be extremely high. And once the battery dies the car goes to the junk yard because replacement battery packs won’t be available. If you live in Clownifornia, you are going to ride the bus, end of story.

  3. Vancouver tent encampment leaves city to figure out better way to confront housing crisis

    He had multiple meetings with sanitation crews throughout July as the tent encampment appeared to be spiralling out of control while, at the same time, there was new training for crews on how to handle things in a new way.

    Mr. LaClaire acknowledges it was a mess at the beginning and, although things are better now, it’s not perfect, even though he now has crews of about 20 working there every day in shifts and removing 2,500 tonnes of garbage daily.

    https://www.theglobeandmail.com/canada/british-columbia/article-vancouver-tent-encampment-leaves-city-to-figure-out-better-way-to/

    These cities are turning into black holes. You people there gonna take it?

    1. Ahem…

      JOHN DURAN | Don’t surrender Kings Road and Holloway Motel to the homeless

      Homelessness is a complex issue. Housing. Social services. Addiction. Poverty. And criminality.

      But the so called “progressives” in this city have the order of priority upside down. It is as if they have turned Maslow’s Hierarchy of Needs on its head. If I get elected to council – it’s going to be public safety and security first on homelessness! Followed by addiction, social services and housing on the homelessness issue. In that order! Let me unpack this a bit. In Los Angeles County, on any one night, there are approximately 60,000 – 70,000 homeless people out on the streets.

      https://wehoville.com/2022/09/24/john-duran-dont-surrender-kings-road-and-holloway-motel-to-the-homeless/

    2. These cities are turning into black holes. You people there gonna take it?

      Curiously, people are still escaping from Dumver to Larimer County. and other exurbs. This of course will only buy time, as the black hole will grow. Anyway, I am thinking of eastern Wyoming as a retirement destination. Winters in Cheyenne can be harsh due to the altitude, but there are other cities. like Casper, Gillette or Sheridan which are lower altitude, and even farther from Dumver.

      1. I made that move (slightly further east) 2 years ago. (sold at the bubble, bought before the bubble). It’s like going back in time 10/15 years. It’s a small town (any of those are) and it’s different but I love it and am so glad i left. (native coloradoan).

        Cheyenne would not be my first pick. too close to the disaster, the weather is AWFUL and it’s almost as expensive as denver (i.e. your bubble house don’t go as far).

        These are small towns, you’ll be a newcomer for ages. Get to moving and get to knowing your neighbors and building your community.

        I”m sure Ben could give you my email if you want.

  4. San Jose Spotlight: Conservatives Infiltrate Silicon Valley School Board Races
    SFGate|21 minutes ago
    The infiltration of far-right candidates in local school board races could have an impact on curriculum and day-to-day district governance. The Silicon Valley Association of Republican Women is recruiting and grooming a slate of school board candidates on the ballot this November.

  5. After living half of his life as a registered Democrat, Justin Roth, 42, re-registered in 2016 as an Independent — and then switched sides entirely to become a Republican in 2020.

    “The reason I registered as a Republican has more to do with the Democrats than it does with Republicans,” said Roth, a single Staten Islander who teaches English as a second language. “I still consider myself liberal in a lot of ways, but I’m no longer a registered Democrat. They’ve just really gone off the rails for the past several years.”

    As he’s watched the left wage cancel-culture wars and push for extreme political correctness, Roth said the Democrats have turned their backs on the issues that matter most to him.

    “My top priorities right now are actually kitchen-table issues — inflation, the price of housing, food and gas. As a voter I really care about things that affect my life personally and the lives of my family members more than any of this culture war stuff.”

    Roth is in good company. The social justice obsessed, ultra-progressive, increasingly illiberal Left is even alienating liberal celebrities. Once feted as a progressive darling, Tesla CEO Elon Musk tweeted in May that he can no longer support the Democrats.

    “In the past I voted Democrat, because they were (mostly) the kindness party,” he wrote. “But they have become the party of division & hate, so I can no longer support them and will vote Republican.”

    In June, he followed through on that promise by voting for Texas Republican Mayra Flores in a special House of Representatives election. Flores won in a massive upset, becoming the country’s first Mexican-born US congresswoman.

    YouTube podcaster Dave Rubin resigned from his post in 2015 at The Young Turks, a popular left-wing news channel, after his own political awakening. He now dubs himself the “Why I Left the Left Guy.”

    In a YouTube video that has garnered more than 15 million views, he made his position clear: “Today’s progressivism has become a faux-moral movement hurling charges of racism, bigotry, xenophobia, homophobia, Islamophobia and a slew of other meaningless buzzwords at anyone they disagree with. The battle of ideas has been replaced by a battle of feelings, and outrage has replaced honesty. Diversity reigns supreme unless it’s that pesky diversity of thought. This isn’t the recipe for a free society, it’s a recipe for authoritarianism.”

    Holden Culotta, a 20-year-old bartender and college freshman from Connecticut said he’s put off by the current Democratic Party. After watching the 2016 election unfold as a teenager, he switched his registration from Democrat to Independent.

    One big problem for Democrats, he said, is that “they lean a lot more towards censorship” — something that particularly affects his fellow members of Generation Z. “I see self-censorship all the time. People will whisper, ‘Oh, yeah I agree with you, but I could never say that.’”

    The left’s push for politically correct language can also undermine meaningful change, he said. For example, progressives have shamed members of their own party into using the term “Latinx” — a gender-neutral way to describe Hispanics. But a Gallup poll found that only 4% of Hispanics prefer the term, and another survey revealed that 40% are actually offended by the label.

    “I think a lot of the cultural things the left is talking about today are really alienating,” Culotta said. “If we’re only talking about pronouns, we’re not really solving issues or moving the country forward.”

    A former “very radical youth” who travelled to Nicaragua at 17 to help with a socialist revolution and later worked for the left-wing George Soros’ Open Society foundation, Shellenberger ran for governor of California this year on a pragmatic, solutions-oriented platform, ditching his lifelong Democratic affiliation to campaign as an Independent.

    “I could no longer be a Democrat given what I knew about the party’s responsibility in causing the homelessness crisis,” said Shellenberger, 51, who lives in San Francisco. “To some extent I’ve moderated, but the left is just different now. They’ve gone absolutely crazy with things like identity politics and have just gotten really nasty and intolerant.”

    Christina Buttons, a 33-year-old artist and writer based in Tennessee, changed her voter registration from Democrat to Independent in 2020. One major issue that tipped the scales for her was Democrats’ unquestioning support of gender ideology, including the belief that transgender children should be allowed to undergo irreversible medical transitions as minors. Buttons now calls herself a “reformed social justice warrior.”

    “I was very much of the opinion that Republicans were, for a lack of a better word, evil,” Buttons said. “But I sought out some Republicans to speak to them and find out what they are actually like. Lo and behold, I found out that they are not actually evil. They just have different ideas about how the country would be run best. Demonizing the 50% of the country who are Republicans just doesn’t sit well with me.”

    Former Young Turk Rubin agrees. “I started talking to some people who were supposedly scary, mean right wingers, and I realized that even though we have political disagreements, they were thoughtful and willing to agree to disagree,” he told The Post. “That’s something that almost doesn’t exist on the left anymore.”

    https://nypost.com/2022/09/24/some-registered-democrats-sick-of-the-left-are-switching-sides/

    Once again, the ‘tabloid’ New York Post does a better job than all the globalist scum media.

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