Good, there's probably a lot of those that are long overdue. Maybe markets are functioning again or being allowed to?
Top home foreclosure states
- Thread starter GON
- Start date
Markets are now allowed to foreclose after many years of not being able to.
Well its a start but 14% of nothing is still nothing.
Foreclosure rates were at all time lows - literally. People who couldn't pay simply sold - likely to a flipper
I own my home outright after “doing without” for 15 years like driving beaters etc. I could care less about housing market.
Smart man. I try to make my son understand this in a gentle way. My daughter gets it.
And yes, the housing market, it’s always good, sure like anything a rare blip once in a while. Makes great media sensationalism and advertising revenue.
The power people running this country don’t want another 2009 housing bubble and crash.
CA$H 4 Keys will be necessary in the very near future.
Ashley Pickens on YouTube has lots of coverage on the foreclosures in the pipeline.
With no flippers the house would sell for what it sells for, which might only be a few thousand dollars.
As the song says - you can't always get what you want....
As posted on X by @CharlieBillelo
I wouldn't blame the flippers. They wouldn't be there if the interest rate is not artificially suppressed to near 0.
In a normal market they would boom and bust gradually and people would enter, exit, stay put etc slowly. Any bail out or manipulation on money supply or interest rate would always drive speculations to counteract what it should have been.
Often times the policy that tries to protect the suffering people tends to end up punishing them instead, because the not so suffering people often times are able to afford it and take advantage of any benefit you try to provide better.
In a normal market they would boom and bust gradually and people would enter, exit, stay put etc slowly. Any bail out or manipulation on money supply or interest rate would always drive speculations to counteract what it should have been.
Often times the policy that tries to protect the suffering people tends to end up punishing them instead, because the not so suffering people often times are able to afford it and take advantage of any benefit you try to provide better.
Based on the demographics this county that has brisk sales is mostly
1. investors / commercial
2. Remote workers and out of state migrants/retirees
3. People working with the university
Based on that it sounds dreadful
Investor/Absentee/Foreign ownership has risen from about 50% in 2023 to ~65% with a steady and massive increase the last 18 months.
Nothing like an artificial market that lacks any relationship to wages or demand.
1. investors / commercial
2. Remote workers and out of state migrants/retirees
3. People working with the university
Based on that it sounds dreadful
Investor/Absentee/Foreign ownership has risen from about 50% in 2023 to ~65% with a steady and massive increase the last 18 months.
Nothing like an artificial market that lacks any relationship to wages or demand.