*Investors Blog*
- Thread starter Warstud
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I saw more Ca$h 4 Gold sign twirlers in front of some pawn shops today in the Tampa / St Pete area. The following day in Gainesville I saw a few twirlers.
A Mobil gas station with 87 octane was priced 10 cents lower than a Shell station (12 pumps) across the street and a line of cars in the street waiting to get into the Mobil station (8 pumps).
Maybe they think it's cheap right now .
I still think it’s a good idea to sell and head for the exits.
Higher interest rates and more tightening will hurt many companies and their bottom line.
70% of our economy is consumer spending and many people have already begun to circle their wagons and go into hunker down mode. Definitely 2 legs of the K shaped economy.
Higher interest rates and more tightening will hurt many companies and their bottom line.
70% of our economy is consumer spending and many people have already begun to circle their wagons and go into hunker down mode. Definitely 2 legs of the K shaped economy.
Yes, inflation, whether from shortages or gouging, is seriously hurting a lot of people around the world, moreso if you were already on a tight budget.
Choosing between food and other necessities... And ya gotta have gas.
The labor market benefits workers and wages have increased especially for lower wage earners. But inflation has erased any additional buying power.
We need to focus on gas prices and supply chain breakdowns, which are joined at the hip.
Home loans did get affected by higher rates, to the point where now some potential buyers are now priced out of the property they warned to buy. Wolf was talking about this very recently.
Purchase activity down 40%.
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Home sales depend on the market, like everything else. If a house doesn't sell, the price will go down.
Interest rates afffect both sellers and buyers; it depends on who has the power.
If I were going into a long term house purchase, I would like to see interest rates drive down prices.
I am kinda hoping for something to drive down prices around here as I am in the market. Or I would like to be...
Just read a report that 21% of sellers have reduced their prices in the recent month. This was Redfin.
Higher mortgage rates will have more effect in the coming months due to a lag between rate hikes and the market itself. As we climb closer to 8% mortgage rates you will see a substantial slowing.
Higher mortgage rates will have more effect in the coming months due to a lag between rate hikes and the market itself. As we climb closer to 8% mortgage rates you will see a substantial slowing.
^^^ True. You are 100% correct.
When people can barely afford to buy a house, rate increases put the purchase out of reach.
My nephew recently bought a house and my brother had to help with down payment, if not he would still be living in mommy’s basement at 27 years old.
As long as the housing demand exceeds supply in a given area, prices will rise. Mortgage rates are a small factor.
Yes, there will be fewer buyers at a given price point, but as @Dave Hess points out, buyers can get help from families or other creative strategies.
A single number such as prices up or down for the diverse American market is meaningless.
A interest rate increase in Silicon Valley generates a far larger payment than say Tennessee.
But houses sell in days here. Asking price is a joke.
Yes, there will be fewer buyers at a given price point, but as @Dave Hess points out, buyers can get help from families or other creative strategies.
A single number such as prices up or down for the diverse American market is meaningless.
A interest rate increase in Silicon Valley generates a far larger payment than say Tennessee.
But houses sell in days here. Asking price is a joke.
Reality sets in everywhere, even in Los Gatos.
Here is a link to map view at realtor.com. Zoom in and you will see down arrows denoting price reductions. These are more apparent in other markets. I started to see these locally in Seattle several months ago. They were just a few then but they have increased.
https://www.realtor.com/realestateandhomes-search/Los-Gatos_CA
I can't remember when I have seen so many houses for sale in my area. But they sell fast. 1 to 2 weeks unless they are crazy over priced outliers. Historically people who buy here stay for a long time as LG is known as a refuge from the Valley that chews up people and spits out $$.
From your link, that house on Anne Way looks like a steal; that's in my zip code. I tried to purchase a home on that street in the 90's but there were no beaters; no way I could afford anything. I finally got our house because it was trashed. Who the heck knew?
By the way, the homes that are under $2M are listed in LG but are just south of town in the Santa Cruz Mountains.
Which Cryptos are the shoeshine boys on Reddit recommending to buy ?
LOL This trash is pure scam with all the pumpers getting out before the crash.
”Cryptocurrency lending firm Celsius Network will pause withdrawals and transfers between accounts due to “extreme market conditions," the company said on Monday, in the latest sign of pressure in the crypto industry.”
https://www.nbcnews.com/news/us-new...ransfers-withdrawals-markets-tumble-rcna33200
https://www.cnbc.com/2022/06/13/binance-pauses-bitcoin-withdrawals-as-crypto-sell-off-deepens.html
LOL This trash is pure scam with all the pumpers getting out before the crash.
”Cryptocurrency lending firm Celsius Network will pause withdrawals and transfers between accounts due to “extreme market conditions," the company said on Monday, in the latest sign of pressure in the crypto industry.”
https://www.nbcnews.com/news/us-new...ransfers-withdrawals-markets-tumble-rcna33200
https://www.cnbc.com/2022/06/13/binance-pauses-bitcoin-withdrawals-as-crypto-sell-off-deepens.html
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