Who is it you think "****ed around" and is now "finding out" while looking at Data from January?
Yet another sign of the weakening economy - home sales plummet to record low
- Thread starter torbee
- Start date
- Sep 13, 2002
- 99,648
- 209,817
- 113
Are there or are there not increasing numbers of negative economic indicators coming out daily?
What significant events have occured since January 1, 2025 that may be playing a role?
Do you really think playing the slack-jawed idiot makes you look good?
I hate to say this, but the real estate market needs a major correction, which will likely come from a crash similar to 2008. The listing prices of homes in my area are insane. With interest rates where they are, nobody is buying, and with the incoming recession we are going to see a ton of foreclosures.
Context, pal.
Biden came into office trying to handle the fallout of Trump virus.
You made a comment with no context.
Be better.
Ahh, glad you can admit what I was calling you out for. No need for name calling when you get caught in a lie.
With that being said regarding real estate economic news, I just posted one positive indicator for consumers with rates going down on the 10 year and mortgage rates since Jan. But I guess what echo chamber you are in for positive and negative news.
This just dropped this morning which is good news:
The PCE report, the Fed's preferred inflation measure, is out. Here's what it says.
A large majority of Americans say their incomes aren't keeping pace with inflation. Here's what the numbers say.
www.cbsnews.com
I agree on this but when you have companies like Black rock buying up properties over listing price it won’t help the cause. There needs to be some regulations put in place to stop this type of nonsense
You don't think the massive destabilization of our government and the thoughtless firing of hundreds of thousands of people aren't playing into it? We have the first President in history whose sole goal is to complete wreck the economy. And for some reason, you seem ok with letting him off the hook for that. I know, it's somehow a Democrat's fault that millions of people have lost their jobs in the past month.
I mean, it's not even like there is a massive pandemic shutting things down. Trump is willfully doing this and taking pleasure in it. Like he's take revenge on people for not re-electing him the first time. Just keep bending over and asking for another. It's a great look.
Do you guys just make up shit about me? When did I say I’m ok with letting him off the hook? When did I blame democrats on anything about the jobs being lost the past month?
I'm not sure what you mean. Most Americans are completely illiterate with respect to economics.
What imposed tariffs have caused inflation to spike? Please be specific
I do too.
There are so many factors that go into it and I won’t pretend to be an expert on any of it. All I know is that the housing market has been bad for buyers for a long time.
A common complaint I hear is how much private equity is buying up property and renting houses out instead of selling them. Supply and demand on that one.
It is a mess. And if the speculation is Trump will not do a thing to positively influence what has been a problem for a long time, then I would be willing to believe that.
We’ll see how it goes, but supposedly tariffs are going to go back into effect next week.
When we get inflation numbers for February, will they be better, worse, or about the same?
Yup I’m hoping they put some type of guardrails up against these PE firms buying up real estate. I doubt they do since Trump is on both knees for the Richard’s. If they do it will probably be in the budget reconciliation bill but again, I doubt it.
It’s all in motion now….Trump has killed the economy….people are spooked with all the upheaval. Consumer confidence has completely collapsed, which is what drives the modern economy….so….this data point is not a surprise.
Only question is how bad this gets.
Only question is how bad this gets.
@BrunoMars420 is a poor man's @binsfeldcyhawk2 .
The majority of new loans in a lot of places are refis. People are taking equity out of their homes instead of buying new ones.
Speaking of inflation — Arnold Palmer's dick was intimidating when it would inflate.
Because with rising prices they can't afford their everyday lives thanks to Trump.
Trump was President for one week in January. Of course it’s his fault. F Trump!
Project 2025 playbook was revealed in the Presidential campaign.
Everything has played out pretty much as predicted.
Elections have consequences.
The only surprise so far is Musk being involved this much.
The January 6th ho hummer chimes in yet again showing the stupidity.
Deeeerrrrrrrrrrrrrrrrr..... the housing data from January has to be the guy who was sworn in the 20ths fault.....
REEEEEEEEEEEEEE
Damn I love the liberal mind.
Yes, because once again, both sides are exactly the same. You SERIOUSLY can't see the difference in the first month of the last 2 administrations? Unbelievable the mental gymnastics some of you guys go through.
Why would tariffs (potentially) imposed in March impact the February cpi data? Or was that just a separate question entirely?
Careful, you’re sounding a little MAGA-ey!
It’s OBVIOUS to anyone with a brain that the things Trump and Musk have been doing in February have had a devastating impact on January home sales. And that the housing market was doing perfect until then.
It says a lot about this board that someone with a patient, objective outlook is going to be labled. Maybe, and this is gonna make me sound crazy, we look at February and March and April numbers before flying off the handle?? Nahhh……@BrunoMars420 , have you seen enough insanity yet?
I love when I get compliments on this board
I’m just channeling my inner “Both Sides” @binsfeldcyhawk2 . 😊
Stupid is stupid regardless of who demonstrates it.
Do you really think it took until inaguration day for people to envision the damage Trump would do to the economy? FFS, he told us things he was going to do.
Nah, it’s fun to have conversations with people with different perspectives on different issues haha. To be fair tho, HORT has always had a good amount of insanity to get me through slow work days.
"I'll take 'They got fired from their job and had to move to find another one' for $800, Alex"
Ah yes, it was “the people’s” vision of the future economy that led to poor housing market numbers (even though he won the popular vote), and not a continuation of a trend that had already been established.
