When is the recession? I was promised a doomsday recession by so many
- Thread starter BlIIlken2
- Start date
We never left the last recession, they just don't want you to know it. Open your eyes sheeple.
Well what's everyone's prediction for Q4 2022 GDP? I think America wanted to have a nice Christmas so the numbers will hold up, but after that we're going over the cliff....
The housing market is clearly already in recession mode.
The housing market is clearly already in recession mode.
Here is a look at the economic span from the past 50 years
in the United States. The cost of living obviously varies from
state to state and city to city. These given figures are as a nation.
Median Household Income in 1973....$12,050 and 2021...$70,784
Median Cost of New Home in 1973....$35,700 and 2021...$269,000
in the United States. The cost of living obviously varies from
state to state and city to city. These given figures are as a nation.
Median Household Income in 1973....$12,050 and 2021...$70,784
Median Cost of New Home in 1973....$35,700 and 2021...$269,000
- Sep 13, 2002
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Good? Housing is overvalued. Stupid overvalued in a lot of markets.
And yet, where the housing market goes so eventually goes everything else.
- Sep 13, 2002
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The housing market was ridiculous overvalued because of the pandemic. I know you’re rooting for the floor to fall out, but I think you’re going to be disappointed. THANKS JOE!!!
It’s more interesting that so many people get spooked by the term recession despite it being a normal part of the business cycle
And it's amazing considering we just went through one in 2020. It's almost like it is being used as a tool to sell fear ...
It definitely is not great out there. Layoffs are starting to go more "up-market." I know some very well-compensated people in tech who have gotten laid off in the last 3 months. Software giant Salesforce announced this morning that they will be cutting 10% of their workforce.
A buddy of mine who owns a small local restaurant chain (3 locations) said that he had his first losing quarter in 15 years.
This won't be 2008 all over again, but 2023 is likely not going to be a good year economically.
A buddy of mine who owns a small local restaurant chain (3 locations) said that he had his first losing quarter in 15 years.
This won't be 2008 all over again, but 2023 is likely not going to be a good year economically.
This morning it was reported that at the end of November there were just over 10
million unfilled jobs. I’m sure there were temp holiday jobs in there but in some sectors there are still staffing shortages.
There will be a pullback in 2023 but I think we won’t have a replay of 2008.
This. And recessions are all different, it's not the binary thing that headline readers interpret.
Options are pretty dry right now. I’m guessing that we are going to start seeing a lot of companies forcing return to office or face being fired before we start seeing hirings again
I know our coastal posters, and those from big cities would think our housing prices in DSM are adorable, and they are relatively speaking, but it is amazing right now what money does not buy. Here in Ankeny, so many new houses are built on tiny lots jam packed up against one another, as if we are actually living in a big city or by the ocean/gulf, where space is at a premium. And yet, these nice-looking houses on tiny lots are selling for way more than I would ever pay for them. Then you have "older" homes here built in the 90s and early 2000s, which are mostly tired and in desperate need of renovation. To get a combination of a really nice and/or updated house on a big lot lot with a modicum of privacy, you are looking probably at homes that start at 700k, and go up to $1.3M. Even then many of the houses are a bit dated. Will these prices crash? I don't know. But we got sick of trying to find the right one to move to and basically have replaced almost everything in our house in the past few years, and added a pool, for a hell of a lot less.
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That is nuts.
$500,000 will get you a nice McMansion on a big lot anywhere in the Quads.
This one is $489,000 in Moline. 4 beds, 3 baths, just off the Rock River with its own boat ramp. Lot is just under 1 full acre.
2324 N Shore Dr, Moline, IL 61265 - For Sale
For Sale - 2324 N Shore Dr, Moline, IL 61265 - 3,358 sqft home. Browse photos. View property details. For Sale
About 80% of companies are now requiring in office attendance and the number is expected to climb in 2023.
And it is pretty much a gut job, or at least a good amount of it is. So go ahead and add $250k to the price tag.That is nuts.
$500,000 will get you a nice McMansion on a big lot anywhere in the Quads.
This one is $489,000 in Moline. 4 beds, 3 baths, just off the Rock River with its own boat ramp. Lot is just under 1 full acre.
2324 N Shore Dr, Moline, IL 61265 - For Sale
For Sale - 2324 N Shore Dr, Moline, IL 61265 - 3,358 sqft home. Browse photos. View property details. For Salewww.homes.com
Then they can expect to lose people to companies that are offering remote work or a hybrid work plan - 2 in, 3 out or 3 in, 2 out.
Exterior is ok but the entire interior needs completely redone, opened up and you can’t get 12/11 ceilings like the new homes are putting in now, especially more appealing ranches being built with walk outs.
Does Des Moines have the jobs to support those home prices when interest rates aren’t 2.5%? And unlike the coasts, there is no natural barrier like an ocean to prevent continued development to meet what the market can afford at higher rates
And I saw those homes in Grimes when somebody posted about its development. A strong breakfast pizza fart knocks them over
And I saw those homes in Grimes when somebody posted about its development. A strong breakfast pizza fart knocks them over
That is nuts.
$500,000 will get you a nice McMansion on a big lot anywhere in the Quads.
This one is $489,000 in Moline. 4 beds, 3 baths, just off the Rock River with its own boat ramp. Lot is just under 1 full acre.
2324 N Shore Dr, Moline, IL 61265 - For Sale
For Sale - 2324 N Shore Dr, Moline, IL 61265 - 3,358 sqft home. Browse photos. View property details. For Sale
No big-ass front porch? No service wing? What kind of manor is this supposed to be? It's just a big box.
- Sep 13, 2002
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Porch and deck on the back so you can enjoy watching the river flow by (when it isn't flooding your basement
)
Des Moines area houses are kind of crazy. This basic 80s ranch with about 1500 sq ft. in West DSM is asking 425k.That is nuts.
$500,000 will get you a nice McMansion on a big lot anywhere in the Quads.
This one is $489,000 in Moline. 4 beds, 3 baths, just off the Rock River with its own boat ramp. Lot is just under 1 full acre.
2324 N Shore Dr, Moline, IL 61265 - For Sale
For Sale - 2324 N Shore Dr, Moline, IL 61265 - 3,358 sqft home. Browse photos. View property details. For Sale
That is nuts.
$500,000 will get you a nice McMansion on a big lot anywhere in the Quads.
This one is $489,000 in Moline. 4 beds, 3 baths, just off the Rock River with its own boat ramp. Lot is just under 1 full acre.
2324 N Shore Dr, Moline, IL 61265 - For Sale
For Sale - 2324 N Shore Dr, Moline, IL 61265 - 3,358 sqft home. Browse photos. View property details. For Sale
Seems OK for visiting In Laws, Any pics of the main house?
It is a beautiful porch, and it has curb appeal. Another plus is that there are no alligators lurking in the river to kill you. But I can almost smell the house through the pictures, and but that interior is horrible...Porch and deck on the back so you can enjoy watching the river flow by (when it isn't flooding your basement
- Sep 13, 2002
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- 190,276
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I imagine the flood insurance premiums are insane, too.
The Rock River looks pretty in summer. This is what it looks like often off-and-on in the late winter and spring:
Hows your 401k doing?
Dow down 12% nasdaq 35% yty.
Economy was a fricking rocket on a launch pad coming out of covid and slow joes energy policy killed it
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