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Real estate market starting to

jecorneljecornel Member Posts: 9,727
soil the sheets. Market gonna flush some people out badly. Gonna be some tough stains to remove.
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Comments

  • pawzpawz Member, Moderator, Swaye's Wigwam Posts: 21,267 Founders Club
    YR, YK.


    Also, TWO $20M properties went under contract in West Bellevue in the last 24 hours.

    So who fucking knows? 🤷‍♂️

  • jecorneljecornel Member Posts: 9,727
  • pawzpawz Member, Moderator, Swaye's Wigwam Posts: 21,267 Founders Club
    pawz said:

    YR, YK.


    Also, TWO $20M properties went under contract in West Bellevue in the last 24 hours.

    So who fucking knows? 🤷‍♂️

    #3 in 36 hours.

    WTF

  • PurpleThrobberPurpleThrobber Member Posts: 44,831 Standard Supporter
    pawz said:

    pawz said:

    YR, YK.


    Also, TWO $20M properties went under contract in West Bellevue in the last 24 hours.

    So who fucking knows? 🤷‍♂️

    #3 in 36 hours.

    WTF

    Black Rock likes nice things.

    Need sweet payoff homes for the elites when the Great Reset hits.



  • pawzpawz Member, Moderator, Swaye's Wigwam Posts: 21,267 Founders Club

    pawz said:

    pawz said:

    YR, YK.


    Also, TWO $20M properties went under contract in West Bellevue in the last 24 hours.

    So who fucking knows? 🤷‍♂️

    #3 in 36 hours.

    WTF

    Black Rock likes nice things.

    Need sweet payoff homes for the elites when the Great Reset hits.



    Bookmark it. Can confirm in abt 45 days.

  • jecorneljecornel Member Posts: 9,727
    Are multi-millionaires or billionaires suffering in this economy? Unless of course, your money is in crypto?
  • TurdBomberTurdBomber Member Posts: 19,988 Standard Supporter
    jecornel said:

    Are multi-millionaires or billionaires suffering in this economy? Unless of course, your money is in crypto?

    A civil war is brewing, and when it comes, it will be over class, not race, because 60% of Hispanics will be Republicans by then, as will 40% of Blacks, because the Dems are alienating large swaths of each community with their casual condescending daily racism.

    Who wants @HHusky's house when the Libs fall?
  • Pitchfork51Pitchfork51 Member Posts: 27,073
    jecornel said:

    Are multi-millionaires or billionaires suffering in this economy? Unless of course, your money is in crypto?

    The crypto bros are like shroedingers millionaires. Dope af and rich af to the girls and everyone in hearing distance then on the side they ask you quietly for a job lol
  • TurdBomberTurdBomber Member Posts: 19,988 Standard Supporter
    jecornel said:

    Are multi-millionaires or billionaires suffering in this economy? Unless of course, your money is in crypto?

    Truthfully, I'm doing fine.
  • jecorneljecornel Member Posts: 9,727
    at least 50% of the country is not.

    jecornel said:

    Are multi-millionaires or billionaires suffering in this economy? Unless of course, your money is in crypto?

    Truthfully, I'm doing fine.
  • BleachedAnusDawgBleachedAnusDawg Member Posts: 11,978
    People have been calling for a bubble to pop for the past 5 years. There is no bubble, just higher rates that have driven some buyers out. No more bidding wars, but supply and demand curves are still wildly out of whack. You just will not see 20% YTY appreciation.

    I may be wrong on this, but I'm not seeing anything that says the market is going to crater by 50% as of today. The only IF is how bad of a recession we end up having. People need to lose jobs and be foreclosed for this to get bad, IMO.
  • RaceBannonRaceBannon Member, Swaye's Wigwam Posts: 107,693 Founders Club
  • Pitchfork51Pitchfork51 Member Posts: 27,073

    People have been calling for a bubble to pop for the past 5 years. There is no bubble, just higher rates that have driven some buyers out. No more bidding wars, but supply and demand curves are still wildly out of whack. You just will not see 20% YTY appreciation.

    I may be wrong on this, but I'm not seeing anything that says the market is going to crater by 50% as of today. The only IF is how bad of a recession we end up having. People need to lose jobs and be foreclosed for this to get bad, IMO.

    Nothings changed with me POTD
  • greenbloodgreenblood Member Posts: 14,520
    edited June 2022
    Houses in my county already have more price reductions in the last 30 days than all of last year combined.
  • Pitchfork51Pitchfork51 Member Posts: 27,073
    Real estate is a tool of white supremacy
  • jecorneljecornel Member Posts: 9,727
    :D

    Real estate is a tool of white supremacy

  • rodmansragerodmansrage Member Posts: 6,321
    SFGbob said:
    i read that article yesterday. i guess the big takeaway was:

    This rapid rise in the cost of a home is particularly impactful for the LGBTQ community, which is less likely to own a home. First-time homebuyers have to pay the higher prices without getting a boost from the value selling an existing property that they own.

    but i guess if you're a first time homebuyer youre a first time homebuyer?

    but also in the article

    Location can also serve as a barrier to homebuyers in the community. Research from Zillow indicates that LGBTQ homeowners are more likely to live in urban areas than their cisgender peers, and that homes in areas that explicitly offer anti-discrimination protects can be $127,000 more expensive.

    im just spitballing here but maybe pick somewhere less costly to live?

    lastly, article was written by a guy with the last name of 'pound,' how fitting.
  • Bob_CBob_C Member, Swaye's Wigwam Posts: 10,923 Swaye's Wigwam

    SFGbob said:
    i read that article yesterday. i guess the big takeaway was:

    This rapid rise in the cost of a home is particularly impactful for the LGBTQ community, which is less likely to own a home. First-time homebuyers have to pay the higher prices without getting a boost from the value selling an existing property that they own.

    but i guess if you're a first time homebuyer youre a first time homebuyer?

    but also in the article

    Location can also serve as a barrier to homebuyers in the community. Research from Zillow indicates that LGBTQ homeowners are more likely to live in urban areas than their cisgender peers, and that homes in areas that explicitly offer anti-discrimination protects can be $127,000 more expensive.

    im just spitballing here but maybe pick somewhere less costly to live?

    lastly, article was written by a guy with the last name of 'pound,' how fitting.
    Biggest correlated demographic to wealth is age.
  • SFGbobSFGbob Member Posts: 33,060

    SFGbob said:
    i read that article yesterday. i guess the big takeaway was:

    This rapid rise in the cost of a home is particularly impactful for the LGBTQ community, which is less likely to own a home. First-time homebuyers have to pay the higher prices without getting a boost from the value selling an existing property that they own.

    but i guess if you're a first time homebuyer youre a first time homebuyer?

    but also in the article

    Location can also serve as a barrier to homebuyers in the community. Research from Zillow indicates that LGBTQ homeowners are more likely to live in urban areas than their cisgender peers, and that homes in areas that explicitly offer anti-discrimination protects can be $127,000 more expensive.

    im just spitballing here but maybe pick somewhere less costly to live?

    lastly, article was written by a guy with the last name of 'pound,' how fitting.
    And that's why you are an anti-gay bigot sir.
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