Page 1 of 5 12345 LastLast
Results 1 to 15 of 66

Thread: HOUSE VALUES will DECLINE NEXT as house sales PLUMMET!

  1. #1 | Top
    Join Date
    Feb 2018
    Posts
    14,413
    Thanks
    308
    Thanked 7,511 Times in 4,834 Posts
    Groans
    17
    Groaned 1,798 Times in 1,605 Posts
    Blog Entries
    3

    Default HOUSE VALUES will DECLINE NEXT as house sales PLUMMET!

    It's very simple, when people can't sell their houses because people stop BUYING, HOUSE VALUES DROP. I posted this over a month ago. This one scares the shit out of ME. So 25% lost on 401ks and now our houses?

    You're doing a heckuva job DONNY!

    Coronavirus update: Home sales could fall by 35%, as spring ...

    www.cnbc.com › 2020/03/19 › coronavirus-update-home-sales-could...

    Mar 19, 2020 - As Americans watch the value of their retirement funds collapse, it is ... Home sales could fall 35%, as coronavirus stalls spring housing ... That would mean total home sales of around 4 million annualized, the lowest since the start of 1991. ... “The decline in confidence related to the direction of the economy ...

    America's housing market is showing the first signs of trouble ...

    www.marketwatch.com › story › americas-housing-market-is-showing-t...

    1 day ago - Sellers appear to be holding off on listing their homes for sale in ... America's housing market is showing the first signs of trouble because of the coronavirus pandemic ... The housing market across the U.S. was beginning to show signs of ... A drop in web searches could presage a decline in home sales.
    Last edited by Centerleftfl; 04-03-2020 at 10:40 AM.
    WK1 3/28-/4 _Cases 301k--Dead 18.1k Lethality 2.72%
    WK2 4/5-/13 _Cases 555k--Dead 22.1K Lethality 3.9%
    WK3 4/20-/21 Cases 774k -Dead 37.2K Lethality 4.8%
    WK4 4/22-/29 Cases 1M --Dead 58.8K Lethality 5.9%
    WK5 5/1-/8__ Cases 1.3M -Dead 75.7K Lethality 6.1%
    WK6 5/9-16__Cases 1.4M --Dead 85.8K Lethality 6.1%
    WK7 5/17-24_Cases 1.7M - Dead 97.6K Lethality 5.9%
    WK8 5/28 Cases 1.7M - DEAD 101.2K - Same

  2. The Following 2 Users Say Thank You to Centerleftfl For This Post:

    PoliTalker (04-03-2020), Trumpet (04-03-2020)

  3. #2 | Top
    Join Date
    Jul 2006
    Posts
    61,320
    Thanks
    7,144
    Thanked 8,821 Times in 6,166 Posts
    Groans
    5,805
    Groaned 1,532 Times in 1,444 Posts
    Blog Entries
    3

    Default

    Nice ! Stop inflating home prices ! They need to fall !
    "Do not think that I came to bring peace... I did not come to bring peace, but a sword." - Matthew 10:34

  4. #3 | Top
    Join Date
    Mar 2020
    Posts
    14,736
    Thanks
    148
    Thanked 1,224 Times in 1,063 Posts
    Groans
    142
    Groaned 185 Times in 180 Posts

    Default

    Just like under Dumbya Bush.

  5. #4 | Top
    Join Date
    Jul 2006
    Posts
    61,320
    Thanks
    7,144
    Thanked 8,821 Times in 6,166 Posts
    Groans
    5,805
    Groaned 1,532 Times in 1,444 Posts
    Blog Entries
    3

    Default

    We need universal social housing, not means tested stigmatized social housing, not home ownership.
    "Do not think that I came to bring peace... I did not come to bring peace, but a sword." - Matthew 10:34

  6. The Following User Says Thank You to FUCK THE POLICE For This Post:

    Iolo/Penderyn (04-04-2020)

  7. #5 | Top
    Join Date
    Feb 2018
    Posts
    14,413
    Thanks
    308
    Thanked 7,511 Times in 4,834 Posts
    Groans
    17
    Groaned 1,798 Times in 1,605 Posts
    Blog Entries
    3

    Default

    Quote Originally Posted by BOOMER REMOVER View Post
    We need universal social housing, not means tested stigmatized social housing, not home ownership.
    I assume you are being sarcastic.
    WK1 3/28-/4 _Cases 301k--Dead 18.1k Lethality 2.72%
    WK2 4/5-/13 _Cases 555k--Dead 22.1K Lethality 3.9%
    WK3 4/20-/21 Cases 774k -Dead 37.2K Lethality 4.8%
    WK4 4/22-/29 Cases 1M --Dead 58.8K Lethality 5.9%
    WK5 5/1-/8__ Cases 1.3M -Dead 75.7K Lethality 6.1%
    WK6 5/9-16__Cases 1.4M --Dead 85.8K Lethality 6.1%
    WK7 5/17-24_Cases 1.7M - Dead 97.6K Lethality 5.9%
    WK8 5/28 Cases 1.7M - DEAD 101.2K - Same

  8. #6 | Top
    Join Date
    Jul 2006
    Posts
    61,320
    Thanks
    7,144
    Thanked 8,821 Times in 6,166 Posts
    Groans
    5,805
    Groaned 1,532 Times in 1,444 Posts
    Blog Entries
    3

    Default

    We need to end all home ownership subsidies ! All mortgage subsidies! It just created a giant pyramid scheme that massively rewarded people who got in early and continues to rob the later generations of any hope of survival!
    "Do not think that I came to bring peace... I did not come to bring peace, but a sword." - Matthew 10:34

  9. The Following User Says Thank You to FUCK THE POLICE For This Post:

    Trumpet (04-03-2020)

  10. #7 | Top
    Join Date
    Feb 2018
    Posts
    14,413
    Thanks
    308
    Thanked 7,511 Times in 4,834 Posts
    Groans
    17
    Groaned 1,798 Times in 1,605 Posts
    Blog Entries
    3

    Default

    Quote Originally Posted by WitoldPilecki View Post
    Just like under Dumbya Bush.
    Took 9 years for my house value to come back. 9 FREAKING YEARS! This is likely going to be a whole lot worse if we aren't up and running by SEPT.
    WK1 3/28-/4 _Cases 301k--Dead 18.1k Lethality 2.72%
    WK2 4/5-/13 _Cases 555k--Dead 22.1K Lethality 3.9%
    WK3 4/20-/21 Cases 774k -Dead 37.2K Lethality 4.8%
    WK4 4/22-/29 Cases 1M --Dead 58.8K Lethality 5.9%
    WK5 5/1-/8__ Cases 1.3M -Dead 75.7K Lethality 6.1%
    WK6 5/9-16__Cases 1.4M --Dead 85.8K Lethality 6.1%
    WK7 5/17-24_Cases 1.7M - Dead 97.6K Lethality 5.9%
    WK8 5/28 Cases 1.7M - DEAD 101.2K - Same

  11. The Following User Says Thank You to Centerleftfl For This Post:

    PoliTalker (04-03-2020)

  12. #8 | Top
    Join Date
    Jul 2006
    Posts
    61,320
    Thanks
    7,144
    Thanked 8,821 Times in 6,166 Posts
    Groans
    5,805
    Groaned 1,532 Times in 1,444 Posts
    Blog Entries
    3

    Default

    Quote Originally Posted by Centerleftfl View Post
    I assume you are being sarcastic.
    Your material interests are in contradiction to mine boomer. I work. I rent. That's nothing but good that comes to me if property values fall. You joined in on the ponzi scheme and were wildly happy at your home inflated to prices me and my generation will never be able to afford . Go fuck yourselves.
    "Do not think that I came to bring peace... I did not come to bring peace, but a sword." - Matthew 10:34

  13. #9 | Top
    Join Date
    Mar 2020
    Posts
    14,736
    Thanks
    148
    Thanked 1,224 Times in 1,063 Posts
    Groans
    142
    Groaned 185 Times in 180 Posts

    Default

    Quote Originally Posted by BOOMER REMOVER View Post
    Nice ! Stop inflating home prices ! They need to fall !
    Its kinda a dang if you do or dang if you don't.

    True.
    Overinflated houses cost us.

    Equally true.
    Falling house cost us too by its capability to collapse the economy.

  14. #10 | Top
    Join Date
    Jul 2006
    Posts
    61,320
    Thanks
    7,144
    Thanked 8,821 Times in 6,166 Posts
    Groans
    5,805
    Groaned 1,532 Times in 1,444 Posts
    Blog Entries
    3

    Default

    You don't every realize that your political views are a natural result of your material interests ! You are seriously blind to that and think this ponzi scheme is in everyone's best interests! Yes millennial, just work a few years and you can afford two million dollars for a home just like mine in no time! What a bargain right!
    "Do not think that I came to bring peace... I did not come to bring peace, but a sword." - Matthew 10:34

  15. The Following User Says Thank You to FUCK THE POLICE For This Post:

    Trumpet (04-03-2020)

  16. #11 | Top
    Join Date
    Mar 2020
    Posts
    14,736
    Thanks
    148
    Thanked 1,224 Times in 1,063 Posts
    Groans
    142
    Groaned 185 Times in 180 Posts

    Default

    Quote Originally Posted by BOOMER REMOVER View Post
    Your material interests are in contradiction to mine boomer. I work. I rent. That's nothing but good that comes to me if property values fall. You joined in on the ponzi scheme and were wildly happy at your home inflated to prices me and my generation will never be able to afford . Go fuck yourselves.
    Like how similar tanked the economy under Dumbya Bush?

    Some Iranians are smart.
    You aren't one of them.

  17. #12 | Top
    Join Date
    Nov 2017
    Posts
    20,714
    Thanks
    1,054
    Thanked 5,657 Times in 4,437 Posts
    Groans
    295
    Groaned 184 Times in 180 Posts

    Default

    Quote Originally Posted by BOOMER REMOVER View Post
    We need universal social housing, not means tested stigmatized social housing, not home ownership.
    Yeah, more communes.

  18. #13 | Top
    Join Date
    Feb 2018
    Posts
    14,413
    Thanks
    308
    Thanked 7,511 Times in 4,834 Posts
    Groans
    17
    Groaned 1,798 Times in 1,605 Posts
    Blog Entries
    3

    Default

    Quote Originally Posted by WitoldPilecki View Post
    Its kinda a dang if you do or dang if you don't.

    True.
    Overinflated houses cost us.

    Equally true.
    Falling house cost us too by its capability to collapse the economy.
    I have no idea about your neck of the woods but mine is the DIRT has the value, not actually the bricks and sticks. Does that make a difference? YEAH. The developers make the money, the BUILDERS not so much. Unless of course you are a developer/builder. The dirt in FLORIDA in many areas is OUTRAGEOUSLY RIDICULOUSLY overpriced.
    WK1 3/28-/4 _Cases 301k--Dead 18.1k Lethality 2.72%
    WK2 4/5-/13 _Cases 555k--Dead 22.1K Lethality 3.9%
    WK3 4/20-/21 Cases 774k -Dead 37.2K Lethality 4.8%
    WK4 4/22-/29 Cases 1M --Dead 58.8K Lethality 5.9%
    WK5 5/1-/8__ Cases 1.3M -Dead 75.7K Lethality 6.1%
    WK6 5/9-16__Cases 1.4M --Dead 85.8K Lethality 6.1%
    WK7 5/17-24_Cases 1.7M - Dead 97.6K Lethality 5.9%
    WK8 5/28 Cases 1.7M - DEAD 101.2K - Same

  19. #14 | Top
    Join Date
    Feb 2018
    Posts
    14,413
    Thanks
    308
    Thanked 7,511 Times in 4,834 Posts
    Groans
    17
    Groaned 1,798 Times in 1,605 Posts
    Blog Entries
    3

    Default

    Quote Originally Posted by BOOMER REMOVER View Post
    Your material interests are in contradiction to mine boomer. I work. I rent. That's nothing but good that comes to me if property values fall. You joined in on the ponzi scheme and were wildly happy at your home inflated to prices me and my generation will never be able to afford . Go fuck yourselves.
    And you have how much equity after paying rent for 40 years? GOOD FOR YOU!

    Besides we can paint our walls any fucking color we want to.
    WK1 3/28-/4 _Cases 301k--Dead 18.1k Lethality 2.72%
    WK2 4/5-/13 _Cases 555k--Dead 22.1K Lethality 3.9%
    WK3 4/20-/21 Cases 774k -Dead 37.2K Lethality 4.8%
    WK4 4/22-/29 Cases 1M --Dead 58.8K Lethality 5.9%
    WK5 5/1-/8__ Cases 1.3M -Dead 75.7K Lethality 6.1%
    WK6 5/9-16__Cases 1.4M --Dead 85.8K Lethality 6.1%
    WK7 5/17-24_Cases 1.7M - Dead 97.6K Lethality 5.9%
    WK8 5/28 Cases 1.7M - DEAD 101.2K - Same

  20. #15 | Top
    Join Date
    Mar 2020
    Posts
    14,736
    Thanks
    148
    Thanked 1,224 Times in 1,063 Posts
    Groans
    142
    Groaned 185 Times in 180 Posts

    Default

    Quote Originally Posted by Centerleftfl View Post
    I have no idea about your neck of the woods but mine is the DIRT has the value, not actually the bricks and sticks. Does that make a difference? YEAH. The developers make the money, the BUILDERS not so much. Unless of course you are a developer/builder. The dirt in FLORIDA in many areas is OUTRAGEOUSLY RIDICULOUSLY overpriced.
    I live in Pawling, NY.
    House prices average here nearly 300K on average.

Similar Threads

  1. REAL ESTATE SALES DROP from VIRUS. What'll that do to HOME VALUES?
    By Centerleftfl in forum Current Events Forum
    Replies: 1
    Last Post: 03-22-2020, 10:29 AM
  2. Replies: 6
    Last Post: 08-26-2019, 06:34 PM
  3. Replies: 1
    Last Post: 08-07-2019, 08:38 PM
  4. Replies: 3
    Last Post: 05-05-2019, 09:32 PM
  5. NFL ticket sales plummet 17.9%
    By BRUTALITOPS in forum Current Events Forum
    Replies: 49
    Last Post: 09-30-2017, 01:53 PM

Bookmarks

Posting Rules

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •