A NEW financial CRISIS in 2023? Houses getting cheaper or more expensive? Come Hang!

Had a great show tonight! People in the chat even! Here’s what we discussed.

“Beware the ides of March” What is this about? We learn together…
I saw a house currently listed for this weekend, they bought it in 2019 for 225, coming to market at 310, they replaced one bathroom…seriously. I look at this as the destructive effects of inflation.

We went over some tweets, Jeff Weniger and Amy Nixon with the more compelling ones. Weniger states the economy is going into a recession and Amy Nixon wonders how in the world we can have foreclosures in a market with strong jobs numbers and home equity that has risen almost 40% in the past two years. Fair points.

Finally, we had three articles, the first from NBC that talks about absentee owners being a problem in the marketplace. I look at this a little differently, to me, shadow inventory is the most likely issue with absentee ownership and not many are discussing this.

The second article was about problems with home affordability with the high mortgage rates. The weird thing to me is that we could have lower home prices help with affordability…it’s not just high mortgage rates.

Finally, do you like to commute to your office daily? I hated it..made me cry in my 20’s. One CEO agrees with me…kind of cool to see.

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Mortgage Rates came in at 6.55 percent on a 30 year fixed today.

The ides of March?
https://www.fox7austin.com/news/what-is-the-ides-of-march-find-out-the-history-of-the-roman-calendar-day

220k home sold in 2019, added a bathroom, listed for 310 and they are going to get it….this is whack!

On the Twitter

Peter Schiff
https://twitter.com/peterschiff/status/1636066393794785281?s=43&t=QlG4CVfHOkSxxiBKIDu40g

Nick Gerli
https://twitter.com/nickgerli1/status/1636044468745912326

Jeff Weniger
https://twitter.com/JeffWeniger/status/1636132300537602048

Darth Powell
https://twitter.com/GRomePow/status/1636127867045294081

Housing Bubble Disrespecter
https://twitter.com/NipseyHoussle/status/1636124519306784769

Amy Nixon
https://twitter.com/texasrunnerDFW/status/1636034021221122051

Markets and Mayhem
https://twitter.com/Mayhem4Markets/status/1636133900710731777

Simon Ateba
https://twitter.com/simonateba/status/1635270890358292480

Housing Bubble Disrespecter
https://twitter.com/NipseyHoussle/status/1636031778380038150

Michael Harris
https://twitter.com/mikeharrisNY/status/1635956307621494784

Darth Powell
https://twitter.com/GRomePow/status/1636049196381011968

Real Estate News and Commentary

Absentee Owners Problematic?
https://www.nbcnews.com/data-graphics/absentee-homeowners-crowding-housing-market-data-rcna69828

Market Slump? Affordability still an issue?
https://abcnews.go.com/US/wireStory/despite-market-slump-high-rates-dim-homebuyer-affordability-97873003

You mean, people don’t actually like commuting to a business hub daily?
https://www.businessinsider.com/employees-think-office-is-waste-time-money-iwg-ceo-says-2023-3

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