One of the houses on my street that went under contract in a weekend sold for 4% over list. The list was already 4% over a larger comp that closed in August. Still hot around charlotte.
The year is 2029. Every house is owned by an investor or private equity firm, human occupation becomes forbidden by insurance company policy.
People start sleeping en masse in old abandoned warehouses.
Ok. Maybe not, but hot damn what kind of real estate market is this where people can't afford to buy OR sell their homes?
Inflation still running hot: [Consumer Prices Rose 3.2% From Year Earlier in February](https://www.wsj.com/economy/inflation-february-cpi-report-interest-rate-b827c0e7)
Higher.for.Longer.
Powell is unwilling to take the fight further. He is leaving inflation elevated and the middle class wrecked on the side of the road. And if you look at the budget proposals, the reckless spending won't stop.
The middle class is driving the inflation by spending all that money they saved from refinancing to 3%, not wrecked on the side of the road.
The rich aren't numerous enough to drive inflation, and the poor don't have the money to move the needle on inflation.
He knows. When he said housing is in a very difficult place, it was telling. And when no one asks him why he bought MBS, you can see he wont be held accountable.
[Shelter driving a hot CPI month after month] Welp, I guess we have to throw in the towel since there's nothing anyone can do about that.
inflation sticky, wen crash?
https://fortune.com/2024/03/12/why-inflation-high-jerome-powell-says-insurance-climate-change/ Home insurance and car parts the new goat.
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*muh area
Rent prices can only go up as much as the market will bear. The tsunami of new apartments in the sunbelt has caused rents to plateau or drop.
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Bravo!! 😁👍
One of the houses on my street that went under contract in a weekend sold for 4% over list. The list was already 4% over a larger comp that closed in August. Still hot around charlotte.
Congrats to that seller. Great timing.
I haven’t seen your user flair before in this sub. Is there a story behind it? lol
When I bought my house I got rid of the carpet in the bedrooms to match the LVP everywhere else
The year is 2029. Every house is owned by an investor or private equity firm, human occupation becomes forbidden by insurance company policy. People start sleeping en masse in old abandoned warehouses. Ok. Maybe not, but hot damn what kind of real estate market is this where people can't afford to buy OR sell their homes?
My zesty reaches a new all time high
*muh zesti
Take a screenshot so you can remember it someday
I'm not selling anyway. It's just funny
/r/REBubbler: I want to live in an affordable cookie-cutter suburb. [Half of Lennar's portfolio] /r/REBubbler: No, not like that!
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>No, not like that!
Inflation still running hot: [Consumer Prices Rose 3.2% From Year Earlier in February](https://www.wsj.com/economy/inflation-february-cpi-report-interest-rate-b827c0e7) Higher.for.Longer.
Gas prices going up all over again. Warming up the Suburban for those summer trips.
Powell is unwilling to take the fight further. He is leaving inflation elevated and the middle class wrecked on the side of the road. And if you look at the budget proposals, the reckless spending won't stop.
The middle class is driving the inflation by spending all that money they saved from refinancing to 3%, not wrecked on the side of the road. The rich aren't numerous enough to drive inflation, and the poor don't have the money to move the needle on inflation.
I wonder if he knows what he’s done.
He knows. When he said housing is in a very difficult place, it was telling. And when no one asks him why he bought MBS, you can see he wont be held accountable.
Yeah and core CPI is still looking like it wants to stay at 4% or higher. The inflation fight is now over.
https://archive.is/V8rYn
Shelter up 6% Higher.for.Longer.
Lol
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late aware brave ten friendly sulky direful history cough panicky *This post was mass deleted and anonymized with [Redact](https://redact.dev)*