Ah yes! ..... My Master Plan for Republicans, libertarians, and conservatives to move out of blue states and into red states is already working to perfection!
BWA-HA-HA-HA-HA! .....
Posted on 09/24/2022 12:59:08 PM PDT by knighthawk
Seattle’s housing market is slowing faster than any in the country, a new study has revealed - as cash-strapped buyers increasingly shy away from home purchases.
The study, from real estate firm Redfin, ranked the nation’s most populous hubs using metrics such as prices, price drops, and supply - and found that the real estate market is cooling fastest primarily along the West Coast.
Property prices along West Coast metropolitan areas are understood to be dipping because of a glut of properties on the market, amid a mass exodus of citizens deterred by rising mortgage rates, crime, and warnings of a looming recession.
(Excerpt) Read more at dailymail.co.uk ...
Ah yes! ..... My Master Plan for Republicans, libertarians, and conservatives to move out of blue states and into red states is already working to perfection!
BWA-HA-HA-HA-HA! .....
5 in Florida because there are very few houses to be had. SMH
Tents are doing well on the left coast. Plus the outdoors gives you the most spacious bathroom you could hope for.
New homeowners in Seattle area shouldn’t be afraid of wild anti-American CHOP riots, looted businesses and cars on fire.
They need “welcome immigrants” and “BLM” signs, and maybe paint this on the house itself.
Got the idea from July, 1967 Detroit when houses and businesses with “SOUL” painted across them were spared being burned down.
California real estate markets down 47 %
I can't imagine why people are running away from $700,000 sixty year old homes in S.CA, which ares cracked to hell, plumbing shot etc.
I’m sure CHOP/CHAZ are bucking the trend. Everyone wants to live there!
And like termites they are looking for new nests to foul.
Our birth rate is collapsing so you are seeing a less demand for the housing. The population is dropping in many places.
What is this talk of a looming recession?
“California real estate markets down 47 %!”
Depends on the county:
While billions of dollars in income have bled from the Bay Area’s urban core, the same is not true on its northern and southern fringes.
The North Bay counties of Marin, Napa and Sonoma, as well as Santa Cruz, Monterey and San Benito to the south of San Jose, bucked the region’s trend: Each saw a net gain in incomes due to inter-state migration during 2019 and 2020.
All but San Benito shed more tax filers out of state than they gained during that time, showing that replacements were on balance fewer but wealthier than those who departed. That’s mirroring an in-state “doughnut effect” that’s been noted in various metropolitan areas around the country, with suburbs gaining wealthy residents at the expense of central cities.
It’s often attributed to those with means, freed from their commute in the era of work-fromhome, seeking an opportunity to get more space further from the urban core, briskly bidding up home prices in the process.
For example, in 2020, Marin County saw home values rise by 30%, Zillow reports.
In any case, the trend is not escaping notice in places which are seeing an influx of new people.
“I am certainly seeing the migration in my neighborhood,” said Tim Myers, CEO at Bank of Marin. “A lot of my new neighbors came out of San Francisco. It was always a trend of people with families moving up here, because they’re getting away from density and all of that. I am seeing young people, even without families, moving to places like San Rafael, which we really didn’t see before.”
Others, however, discount claims that the “doughnut” is anything new.
“There was (already) an outflow to the suburbs of young, affluent families from San Francisco,” said Michael Blakeley, CEO of the Marin Economic Forum. “It may have accelerated.”
https://freerepublic.com/focus/f-news/4095581/posts
The billionaires are purposely creating bubbles in all kinds of markets. They make the money because they are the first to get out as the bubble pops.
Cozy up and enjoy those pursuits, helicopters overhead and illegal alien dumped shopping carts in front yards!
Hurry, this won't last!
$650,000 $70k Est. 2bed 1bath 866sqft866 square feet 5,702sqft lot5,702 square foot lot 5340 Buffington Rd, El Monte, CA 91732 https://www.realtor.com/realestateandhomes-detail/5340-Buffington-Rd_El-Monte_CA_91732_M28794-25702. https://www.realtor.com/realestateandhomes-detail/5340-Buffington-Rd_El-Monte_CA_91732_M28794-25702
When given the choice between fixed and variable, there was no discussion: fixed all the way. Once we were approved, rates and loan amounts were fixed on that day.
We will be watching our Atmos Energy bill closely, of course, and hoping for a mild winter.
And did I mention, that beautiful home has 2 full bedrooms each with it’s on closet!
I think it is 47% in Calif.
Rich leftist want to buy all the property for cheap, so they engineer the decline of locales that would otherwise be inherently valuable and will be valuable again after they sweep the filthy peasants into red states
The drop in housing prices will be delayed relative to other assets.
At this point a lot of Americans have already seen their stock and bond assets drop 20% this year.
Now they are seeing the value of their house drop.
That is Biden Economics.
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