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I think we need a deep recession to curb labor clamoring for more money but I don't think even a high unemployment rate will do much to drop prices. If it didn't in 1981 (unemployment was higher than 2008 and there was no government bailing us out, except Lee Iacocca, lol), why would it now...

But no one on this board knows anything other than rates coming down. You'd have to be at least 65 (more likely older in most cases) to have known anything but rates coming down. 65 puts you at 23 when rates peaked in 1981 and most people were not looking to buy real estate at the peak when they...

Lennar has dropped 20+ points from this post............ and the curve is univerting. Fed isn't going to come to the rescue of housing or stock market if inflation and economy remain strong.

The supply problem wouldn't be here if all those 3% loans were assumable (not sure when those went away). Small homes could be sold and the buyer could move up to another assumable loan. As long as the buyer can qualify, what does the bank care anyway? More fees for loan processing on a loan...

What if the flipper was a resident of a no income tax state? They just buy it, never move in and sell it. Do they owe California state income tax? What if they live in Puerto Rico or even better, the Cayman Islands?

We would be lower if we didn't get 60% of our gas from California. Most of the country is in the 3's WITH a hurricane coming. So........ this is why California has so many EV owners and why it's a hard sell in lower priced gas states. Last time oil peaked at today's price (to the penny!) it...

I can give a future people may not like and probably will think cannot happen but it sure did in the 70's/80's. Fed thinks they got things under control but lo and behold nope........ large wage gains ------> price increases (inflation) ------> rising rates higher than the last go round (maybe...

Made really good money on my real estate here but missed alot of time with family. In hindsight, I probably should have kept the Irvine house, rented it out and moved to AZ instead of Legacy but renting large houses in that price range in 2015 was not easy. I knew selling Legacy for a profit...

As long as the 10 year bond stays in the range, home builders can continue to offer buy downs. I'm not of the unlimited demand camp. I'm more of a demand is more than the limited supply camp. BUT those rates are not for low credit score people so who knows how long they can keep building for...

You could be right. But bond yields had the chance to recover the recent loss (or pull back if you think they are going higher) and they collapsed after JP spoke at Jackson Hole). I think you're right, the fed would like to target asset prices but they don't have the balls to come out and say...

Before the clock strikes midnight tonight, the national debt will be $33 trillion. It hit $32 trillion June 16th (less than 2 months ago). There is a "time machine" on the upper left so you can look mostly back in time but also forward 4 years if spending were the same as today...

Hahahaha! Should have waited for eggs to drop further...... 99 cents for 18 packs cage free eggs...... limit 5 which works out to 66 cents per dozen. It's been hotter for sure but June was relatively (for here) cooler which caused a problem going forward which is very very weak monsoon season...

But some companies have cut alot of perks, like Meta and the mega companies own huge campuses so remote is not saving them when they've got so many empty offices. Free starbucks, food, gym and massages would not do it for me if I had to sit in traffic for an hour or two or added time to pick up...

Still have lots of people coming across the border that need housing and you still have unhoused homeless. Even with people leaving, you still have growth due to kids moving out when they grow up. Still got lots of foreign owned vacant houses which will not likely get anyone moving in taking up...

Lol........ $12 for a pound of bacon........... ya all need to learn to shop. I pay attention to grocery prices (always have) and $12 for a pound of bacon is beyond ridiculous! It's not even good for ya. Two weeks ago we had boneless skinless chicken breasts for 99 cents per pound and last week...

When I kept saying TayMo was raising prices here.......... but now.............. might be showing signs of some cracks. So it would seem to me that if the economy is doing so well and there is no recession (cuz the fed who knows everything...lol! said so yesterday), the 10 year bond should rise...

Why would you not go to the city and ask about this? I will bet you need to get permits to add onto living areas. Was this house ever sold before or are you the original owner? If you are not, there are photos of that house, drone footage and neighbors who would know something. Say they don't...

Big red candles on the builders. DHI down after hitting an all time high. New permits down. Doesn't mean prices will drop but maybe builders are pulling back............. reducing inventory.

Maybe the birth motel babies are starting to come back. Rental market going to tighten and population going to increase when that happens, imo. If they establish residency, they'll get education for free along with food stamps, low cost housing etc and affirmative action has been tossed...

When they cut rates, they know they broke something. They were lowering rates after the 1987, 2000 and 2008 market crashes after they were raising rates. If things are stable, they probably will keep rates steady.... no need to cut.